NYSE expects all U.S. stocks to have circuit breakers

B

Bob111

http://news.yahoo.com/s/nm/20100520/bs_nm/us_nyse_circuit

he 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 (.SPX) 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 spiraled out of control.
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For example, some stocks need to fall 10 percent to trigger the circuit breaker mechanism while some others only need to fall 5 percent or 2 percent, he said.
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this is a f* nonsense...2% down-halt :confused:

how to f* we are going to trade today for example? how to hell will we know, which one is halted,which one is not? what about free markets? disgusting..
 
Heck during a crash all S&P500 members might have a 2% decline limit to prevent 'unpatriotic selling of american securities'
 
to top it off-why there absolutely nothing about spike up? common SEC! you have to be fair for both sides..why all of sudden selling is bad and buying is good? ah....i forgot...walmart mentality..it's unpatriotic to sell..selling short-it's a financial terrorism and retail folks should be in jail for it..
 
What a bunch of crock!
Wall Street has always had circuit breakers and curbs in. They just chose not to use them on May 6. That's the real conspiracy.
 
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