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General Discussion

malaise

(269,219 posts) Mon Mar 9, 2020, 09:56 AM Mar 2020

2

Simple question - is that 2,000 drop the bigliest in modern history?

That is all

11 replies

= new reply since forum marked as read

Highlight:

Simple question - is that 2,000 drop the bigliest in modern history? (Original Post) malaise Mar 2020 OP

not as a percentage of drop, nope not close. beachbumbob Mar 2020 #1

We'll have to see where it finishes. bearsfootball516 Mar 2020 #2

I doubt it... Wounded Bear Mar 2020 #3

Can they do it again, say in the same day? Hour? dewsgirl Mar 2020 #4

Yes... Wounded Bear Mar 2020 #5

Thank you, I had no idea. dewsgirl Mar 2020 #6

There is a lot of automatic shit going on behind the scenes... Wounded Bear Mar 2020 #7

Thank you. dewsgirl Mar 2020 #8

It is the largest number I've ever seen CountAllVotes Mar 2020 #9

They shouldn't even report numbers, just percentages. nt LAS14 Mar 2020 #10

But where's the excitement in percentages? That won't juice the ratings! lagomorph777 Mar 2020 #11

beachbumbob

(9,263 posts)

1. not as a percentage of drop, nope not close.

Reply to malaise (Original post)

Mon Mar 9, 2020, 09:57 AM

Mar 2020

bearsfootball516

(6,377 posts)

2. We'll have to see where it finishes.

Reply to malaise (Original post)

Mon Mar 9, 2020, 09:57 AM

Mar 2020

It’s worked back to 1600 right now.

Wounded Bear

(58,743 posts)

3. I doubt it...

Reply to malaise (Original post)

Mon Mar 9, 2020, 09:58 AM

Mar 2020

Depends on what you mean by "modern history" of course, but I think the 'circuit breakers' were set up to stop trading because of shit like this. I forget when it was, though.

dewsgirl

(14,961 posts)

4. Can they do it again, say in the same day? Hour?

Reply to Wounded Bear (Reply #3)

Mon Mar 9, 2020, 09:59 AM

Mar 2020

Wounded Bear

(58,743 posts)

5. Yes...

Reply to dewsgirl (Reply #4)

Mon Mar 9, 2020, 10:01 AM

Mar 2020

in fact I just heard a commenter on MSNBC say that if it hits 20% they'll shut it down for the day.

dewsgirl

(14,961 posts)

6. Thank you, I had no idea.

Reply to Wounded Bear (Reply #5)

Mon Mar 9, 2020, 10:03 AM

Mar 2020

Wounded Bear

(58,743 posts)

7. There is a lot of automatic shit going on behind the scenes...

Reply to dewsgirl (Reply #6)

Mon Mar 9, 2020, 10:05 AM

Mar 2020

so when things shift, trades get triggered automatically. As you can imagine, this can lead to some catastrophic swings as things gain momentum.

That's why they put in the automatic brakes on the system.

dewsgirl

(14,961 posts)

8. Thank you.

Reply to Wounded Bear (Reply #7)

Mon Mar 9, 2020, 10:06 AM

Mar 2020

CountAllVotes

(20,878 posts)

9. It is the largest number I've ever seen

Reply to malaise (Original post)

Mon Mar 9, 2020, 10:16 AM

Mar 2020

and I've seen the economy crash 5X in my life!

Stay the fuck away from the thieves at Wall Street!

FAR AWAY!!!

LAS14

(13,783 posts)

10. They shouldn't even report numbers, just percentages. nt

Reply to CountAllVotes (Reply #9)

Mon Mar 9, 2020, 10:19 AM

Mar 2020

lagomorph777

(30,613 posts)

11. But where's the excitement in percentages? That won't juice the ratings!

Reply to LAS14 (Reply #10)

Mon Mar 9, 2020, 10:28 AM

Mar 2020

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