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Pastimes : Ask Mohan about the Market
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To: IceShark who wrote (6368)10/27/1997 7:03:00 PM
From: Joseph G.  Read Replies (3) of 18056
 
DAn, <<Trading on the NYSE, Nasdaq and the American Stock Exchange was halted for 30 minutes after the Dow fell 350 points at 1435 EST/1935.

But the cooling off period seem to have little effect.

''If you tell investors that they can't have liquidity, they cannot sell their stocks and get cash -- even for half an hour -- that's bad,'' said Hugh Johnson, chief investment officer at First Albany Corp. ''It reduces confidence in the market.'' >>

Also note, old friend MSFT broke the 129 support - must mean something.

Joe
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