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S&P 500 Futures tading hits limit limit down mark at -60 |
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10-24-2008, 05:03 AM
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S&P 500 Futures tading hits limit limit down mark at -60
S&P 500 futures contract triggers circuit breakers - MarketWatch
Quote:
The Chicago Mercantile Exchange's circuit-breaker rules went into effect Friday as plunging S&P 500 and Nasdaq 100 futures contracts reached pre-specified limits.
The CME limits the S&P 500 futures to a drop of a 60 points and the Nasdaq 100 futures to a drop of 85 points during electronic action.
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And the reason behind the plunge....
Markets doing the “Roubini” … | Riding the DAX
The sky is falling, the sky is falling.
Oh well at least when we spread the wealth around it isn't going to spread very far....
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10-24-2008, 05:26 AM
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Oh boy, going to be one of those days huh?
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10-24-2008, 05:48 AM
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This is craziness. I bet the DJIA trades in the 7000 range but will close above 8000.
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Originally Posted by Randomizer
Triple-cores are three-quarter fails, one-quarter epic fails.
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Quote:
Originally Posted by Dean
Not just fail... MULTIFAIL!!!!!!
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10-24-2008, 05:52 AM
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Quote:
Originally Posted by brentpresley
Oh boy, going to be one of those days huh?
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$500 says the DOW his the stop loss limit at some point during the day.
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10-24-2008, 05:53 AM
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What is the driving force behind this today?
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10-24-2008, 05:56 AM
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Quote:
Originally Posted by brentpresley
What is the driving force behind this today?
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Fear on profit warnings.
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10-24-2008, 06:03 AM
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10-24-2008, 06:21 AM
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魚類打耳光時間！
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10-24-2008, 06:31 AM
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I think the DJIA did freeze already today.
Quote:
AP Top News at 9:05 a.m. EDT
25 minutes ago
NEW YORK (AP) — Wall Street headed for another precipitous drop Friday as fears of a punishing global recession stirred panic among investors and sent world financial markets into a tailspin. The Dow Jones industrial average futures fell 550 points, triggering a halt in selling of stock future contracts. The massive decline was caused by increasingly grim news from overseas. In Japan, shares of Sony sank more than 14 percent after it slashed its earnings forecast for the fiscal year. In Germany, Daimler's stock dropped 11.4 percent in morning trading after it reported lower third-quarter earnings and abandoned its 2008 profit and revenue guidance.
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10-24-2008, 06:37 AM
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Quote:
Originally Posted by Simul4ti0n
I think the DJIA did freeze already today.
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That was pre-market trading.
Market is open, and down 500 points as of this post.
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10-24-2008, 06:43 AM
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Quote:
Originally Posted by Simul4ti0n
I think the DJIA did freeze already today.
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Yeah, as Brent said that was premarket trading. I mean hitting the stop loss limit during active trading.
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10-24-2008, 07:15 AM
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The DJIA has to go down 1,100 points before trading can stop.
Here's the info:
Invest FAQ: Exchanges: Circuit Breakers, Curbs, and Other Trading Restrictions
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Quote:
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Originally Posted by Randomizer
Triple-cores are three-quarter fails, one-quarter epic fails.
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Quote:
Originally Posted by Dean
Not just fail... MULTIFAIL!!!!!!
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10-24-2008, 07:30 AM
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Quote:
Originally Posted by TechnologyCoordinator
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Yup that's what I was referring to.
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10-24-2008, 07:48 AM
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wow, AMD finally broke into the $2/share range.
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10-24-2008, 07:48 AM
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30 shares of AMD for less than $100
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10-24-2008, 11:18 AM
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