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Originally posted by SharkBaitIt would crash our stock market which means the “little” Financial crisis we just had would seem like nothing in the bigger scheme of things.
On the New York Stock Exchange (NYSE), one type of trading curb is referred to as a "circuit breaker." These limits were put in place after Black Monday in order to reduce market volatility and massive panic sell-offs, giving traders time to reconsider their transactions.
At the start of each quarter, the NYSE sets three circuit breaker levels at levels of 10%, 20%, and 30% of the average closing price of the Dow Jones Industrial Average for the month preceding the start of the quarter, rounded to the nearest 50-point interval. As of the first quarter of 2009, these levels are 850 points, 1,700 points, and 2,600 points respectively. Depending on the point drop that happens and the time of day when it happens, different actions occur automatically:
Originally posted by intrepid
OK, newb question. I used the highest yield nuke. An asteroid? We're all pooched. Is there a higher yield than what's in this test?