Curbs

[ssternlight]

What the lastest number for the curbs to go in. It's been a long time since I even thought about that...

 

[Ebo]

In the event of a 1,050-POINT decline in the DJIA (10 percent):

Before 2 p.m.
1-HOUR HALT

2-2:30 p.m.
30-MIN. HALT

After 2:30 p.m.
NO HALT

http://www.nyse.com/Frameset.html?displayPage=/press/circuit_breakers.html

 

[ssternlight]

Thanks,

I thought the range was much narrower -- like 200 pts or so and program trading is stopped...

edit: It's 150 pts and we hit the stabilization pt...

 

[Quah]

I think he is asking about program trading curbs - not total trading halts like the 10% drop.

It used to be about 200-230 points or so either way if I remember correctly.

Haven't seen that in a while though - I remember when it was commonplace - a couple of times a week.

 

[ssternlight]

Basically,

We hit them and the market reversed...they "worked."

Enuf said.

 

[Ebo]

The P.P.T. kicks in at S & P 1176!