Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: William H Huebl who wrote (6510)	10/17/1997 1:34:00 AM
From: Robert Morrison	of 94695

Bill. I read today that the Chairman of the NYSE, Richard Grasso, said a crash is unlikely. Outside of "low inflation and interest rates", it was stated "collars were instituted to slow trading when the Dow fell more than 50 points. Circuit breakers were added to halt trading if the Dow fell 350 points (in a day)" Further the NYSE can handle 3.5 billion shares a day against it collapsing under the 604 million shares traded on Black Monday in 1987. This article was sourced out of Bloomberg. With these electronic "collars" and "circuit breakers" in place the outcome will be a bear market over a number of days rather than the profound plummet of a one day collapse: 508 points in 1987 or 22% which would equal 1800 points today. Do you know anything about these "safeguards"? It's hard to imagine them ringing the closing bell at 10:30 in the morning if a 350 point fall happened. Also I heard that the AMEX was looking at selling its equities business to the NYSE and keeping its options business. Have you heard anything on this. Rob

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next