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Harpy Eagle
Guest
The market is no place for snowflakes.
The US stock market is set for an absolute rout Monday, with futures pointing to an ugly open: The Dow is set to open 1,000 points lower
- Thread starter DigitalDrifter
- Start date
The market is no place for snowflakes.
Frankenstein
Diamond Member
- Oct 28, 2022
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Actually less egregious spending in the Ukraine!
jknowgood
Diamond Member
We will see.
Hey, I have a question I would like to pass along...
I was told if the Dow drops more than 5%, they would halt the market for 15 minutes - or as they say, but on the breakers on.
Does this happen to the Nasdaq, as well?
Right now, it is at 3%. So, by any chance the Nasdaq drops to 5%, will they halt the markets for 15 minutes?
I wasn't sure if they did it just for the Dow, or all...
I was told if the Dow drops more than 5%, they would halt the market for 15 minutes - or as they say, but on the breakers on.
Does this happen to the Nasdaq, as well?
Right now, it is at 3%. So, by any chance the Nasdaq drops to 5%, will they halt the markets for 15 minutes?
I wasn't sure if they did it just for the Dow, or all...
leftwinger
Diamond Member
When older peoples savings (401K IRA) drop big time like 2008-2012 33% or more, it is painful and scary. They may already be living on those savings or soon will be.
Do they have enough years to live frugal and hope it gets back to even? A 33% drop on $1mil leaves them with $667K.
To get back to $1Mil the market must increase $333K or need to increase ($1mil/$667K) - 1 = 49.9%. Just to get back to even. That amount takes 5 yrs or so in normal times.
Enjoy your handiwork seal, care, blackgatermacpeeKkknobs citysheeatygater duhdanny
Do they have enough years to live frugal and hope it gets back to even? A 33% drop on $1mil leaves them with $667K.
To get back to $1Mil the market must increase $333K or need to increase ($1mil/$667K) - 1 = 49.9%. Just to get back to even. That amount takes 5 yrs or so in normal times.
Enjoy your handiwork seal, care, blackgatermacpeeKkknobs citysheeatygater duhdanny
leftwinger
Diamond Member
There are flash crash rules, yes. I thought set at 10%? To stop the Computers auto-trading the market down to zero.
Good news is the Politicians all got out last week early on. Whew! Im so glad fancynancy and kerry got a heads up.
leftwinger
Diamond Member
Market-wide circuit breakers provide for cross-market trading halts during a severe market decline as measured by a single-day decrease in the S&P 500 Index. A cross-market trading halt can be triggered at three circuit breaker thresholds—7% (Level 1), 13% (Level 2), and 20% (Level 3).
You're right! I thought, it was 5% - flash crash. But it is 10%.
Okay! I wasn't sure if it was just the Dow, if it dropped 5-10%...or the Nasdaq, too!
Back in 2020 - March 3rd, to be exact....it was almost halted twice in one trading day! The day the Dow dropped 2100 points!
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Harpy Eagle
Guest
None of the markets are down even 3% right now.
You snowflakes need to take a few deep breaths and pray a little harder
You snowflakes need to take a few deep breaths and pray a little harder
Nikkei is down 12%, you idiot
Damn you leftards are stupid.
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Harpy Eagle
Guest
take a deep breath snowflake, it is not even down 3%
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Harpy Eagle
Guest
I do not give a fuck about the markets in Japan, I am talking about the markets I am invested in.
Even you cannot really be this fucking stupid
- Mar 31, 2009
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You don't trade if you don't care about global markets
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Harpy Eagle
Guest
I am only invested in a few international stock funds and none of them are on the Nikkei. Japan has been in trouble for a while.
But sure, I do not do much trading, that is what I pay a financial advisor for.
- Mar 31, 2009
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Keep paying your advisor you're clueless
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Harpy Eagle
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