Nikkei is Open, Already dropped 440 points, down 2.24 %

Doesn't the market have a failsafe if it drops too fast?

Doesn't it shut down (or something) if it reaches 10%?

Thanks in advance if someone can expand on this.

a reply to: beezzer

I looked into this for a few minutes and the NYSE stopped it's circuit breaker in November of 2007 (at the first indication of last major correction, FYI). I do recall there was a break sometime late in 2008, probably September or early October.

Okay we just opened 480 under, and within a minute dropped to -550. Oh boy!

Now 900pts under the next minute, WTF??

Dow30 Crashing !!

Nearing down -1000 !!

Watch the Panic !!

Get Your Affairs in Order !!!

a reply to: pl3bscheese

Apple is getting smashed.. down %10

DOJ down 900pts

woooooo

originally posted by: beezzer
Doesn't the market have a failsafe if it drops too fast?

Doesn't it shut down (or something) if it reaches 10%?

Thanks in advance if someone can expand on this.

They'll shut it down when the Dow30 goes down around -1100

Could happen any minute.

-6.4%, down 1045pts in the first 6 minutes of trading.

DOW FALLS 1000 POINTS !!!!!

APPLE and VERIZON down 10%....

Bounce back up a few hundred points. Wow this is going to be an interesting week!

This is crazy. I'm supposed to get ready for work but I can't seem to walk away from the TV and ATS.

Market only open an hour, too!

Just a side note, isn't this what we've been saying since, forever?

The market has not held a true reflection of the economy.

Now it is.

The gild is coming off the lily.

originally posted by: pl3bscheese
Bounce back up a few hundred points. Wow this is going to be an interesting week!

Wow, it's back up to 500...Will we pull it out by the end of the day?

originally posted by: xuenchen

Dow30 Crashing !!

Nearing down -1000 !!

Watch the Panic !!

Get Your Affairs in Order !!!

It's not even a Tuesday.

a reply to: ObjectZero

This market is an options traders dream. Buy puts on the way down and calls on the way back up and make money the whole time. The only issue is competing with the large institutional investors.

€ (eur/usd) is up 2,35% today.

a reply to: peter_kandra

Ya we're still way above the numbers we had back in 2013. I don't see the market hitting rock bottom any time soon. But it's always interesting to watch the sharp drops. The start of this trade day loos so long and steep it looks like an error.

a reply to: ObjectZero

All the electronic orders and computerized trading don't help. I'm sure the pro's had tons of short sale orders and put orders in, which contributed to that huge drop, and then the reverse was done, causing the market to gain back about 50% of that drop so far.

Dow closes down 585. Better than 1089 but still horrible!

Shanghai composite minutes in down another 6.4%. Not good.



I'm expecting this to reflect in the futures trading going south by morning, but we'll see.

originally posted by: pl3bscheese
Shanghai composite minutes in down another 6.4%. Not good.

I'm expecting this to reflect in the futures trading going south by morning, but we'll see.

Anyone else having a bout of deja vu