Free Market Has Always Been A Joke
NYSE expects all U.S. stocks to have circuit breakers
"All U.S. stocks will probably be subject to so-called circuit breakers by the end of this year, Duncan Niederauer, chief executive officer of stock exchange operator NYSE Euronext, said on Thursday.
The circuit breakers, a mechanism to halt trading in a stock for five minutes if it falls more than 10 percent within five minutes, will initially apply to stocks in the Standard & Poor's 500 index under a proposal by the Securities and Exchange Commission as regulators try to avoid a repeat of the mysterious May 6 market slide that quickly spiralled out of control.
"They need to be applied to all the markets, not just some of the markets," Niederauer said, suggesting the circuit breakers also apply to exchange-traded funds, something the SEC has said may happen later."
They'd probably need them today, a Friday before the weekend where people will be stuck on hold, after yesterday's bloodbath.
added - Wow, a miracle just before the casino closed.
Now, I'm just average Joe Sixpack but even I know in these days of high instability you don't want to be hanging on to stuff over the weekend where you're at the mercy of raging instability.
So who the hell would buy! just before the closing bell?
There are no conspiracies!
"Conspiracy theories exist in the realm of myth, where imaginations run wild, fears trump facts, and evidence is ignored. As a superpower, the United States is often cast as a villain in these dramas."
"All U.S. stocks will probably be subject to so-called circuit breakers by the end of this year, Duncan Niederauer, chief executive officer of stock exchange operator NYSE Euronext, said on Thursday.
The circuit breakers, a mechanism to halt trading in a stock for five minutes if it falls more than 10 percent within five minutes, will initially apply to stocks in the Standard & Poor's 500 index under a proposal by the Securities and Exchange Commission as regulators try to avoid a repeat of the mysterious May 6 market slide that quickly spiralled out of control.
"They need to be applied to all the markets, not just some of the markets," Niederauer said, suggesting the circuit breakers also apply to exchange-traded funds, something the SEC has said may happen later."
They'd probably need them today, a Friday before the weekend where people will be stuck on hold, after yesterday's bloodbath.
added - Wow, a miracle just before the casino closed.
Now, I'm just average Joe Sixpack but even I know in these days of high instability you don't want to be hanging on to stuff over the weekend where you're at the mercy of raging instability.
So who the hell would buy! just before the closing bell?
There are no conspiracies!
"Conspiracy theories exist in the realm of myth, where imaginations run wild, fears trump facts, and evidence is ignored. As a superpower, the United States is often cast as a villain in these dramas."
posted by nolocontendere at 4:32 AM
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