US stock trading halted premarket?

abattia · Nov 24, 2011

Quote from Wayne Gibbous:
...This is becoming an ET holiday tradition - Happy TG everyone!...

Today's is a tribute to KINGOFSHORTS, who normally starts these threads...

GGB · Nov 24, 2011

http://www.elitetrader.com/vb/showthread.php?s=&threadid=228133&perpage=6&pagenumber=14

hitnrun · Nov 24, 2011

most of us banks are closed on friday too. have to rush to cash out saturday

loufah · Nov 24, 2011

Not many people know this, but one of the provisions of BAC's purchase of ML was that if BAC ever fell to 52-week lows, US markets would be halted for 24 hours as sort of a circuit breaker. And after they resume, if BAC is again at 52-week lows, they will halt US markets after half a day and close the markets for 2 more days.

Tomorrow's action will confirm this. If the markets close at 1PM and stay closed until Monday - it's just the PPT at work.

m22au · Nov 24, 2011

Quote from loufah:

Not many people know this, but one of the provisions of BAC's purchase of ML was that if BAC ever fell to 52-week lows, US markets would be halted for 24 hours as sort of a circuit breaker. And after they resume, if BAC is again at 52-week lows, they will halt US markets after half a day and close the markets for 2 more days.

Tomorrow's action will confirm this. If the markets close at 1PM and stay closed until Monday - it's just the PPT at work.

thanks for the heads up - that is very worrying. I think I'll buy quite a few S&P500 puts tomorrow.

hajimow · Nov 24, 2011

Were turkies sold this year infected with cracks? I see everyone is high. I don't see any problem in the market.

stock777 · Nov 24, 2011

this is the first useful thread here in years, 'cepting my amazingly accurate calls

shfly · Nov 24, 2011

Quote from loufah:

Not many people know this, but one of the provisions of BAC's purchase of ML was that if BAC ever fell to 52-week lows, US markets would be halted for 24 hours as sort of a circuit breaker. And after they resume, if BAC is again at 52-week lows, they will halt US markets after half a day and close the markets for 2 more days.

Tomorrow's action will confirm this. If the markets close at 1PM and stay closed until Monday - it's just the PPT at work.

frostydc4 · Nov 25, 2011

Quote from loufah:

Not many people know this, but one of the provisions of BAC's purchase of ML was that if BAC ever fell to 52-week lows, US markets would be halted for 24 hours as sort of a circuit breaker. And after they resume, if BAC is again at 52-week lows, they will halt US markets after half a day and close the markets for 2 more days.

Tomorrow's action will confirm this. If the markets close at 1PM and stay closed until Monday - it's just the PPT at work.

Not sure if trollin'

m22au · Nov 25, 2011

Quote from frostydc4:

Not sure if trollin'

We'll find out at 1pm today if they halt trading. But if it does happen, then you know where you read it first. No doubt the mainstream media will say "no one saw it coming".