https://www.zerohedge.com/markets/stocks-slump-triggers-market-wide-trading-halt
THE SMARTEST PEOPLE IN THE ROOM CLAIM YOU CAN BARROW YOUR WAY TO PROSPERITY, THE FED AND WALL-STREET WANT US TO BAIL THEM OUT AGAIN NOTHING HAS BEEN FIXED SINCE 2008 CRASH
THE SMARTEST PEOPLE IN THE ROOM CLAIM YOU CAN BARROW YOUR WAY TO PROSPERITY, THE FED AND WALL-STREET WANT US TO BAIL THEM OUT AGAIN NOTHING HAS BEEN FIXED SINCE 2008 CRASH
Dow Crashes Below 19,000 - Down Over 10,000 Points From Highs
Update (1420ET): The Dow Jones Industrial Average is now down over 10,000 points from its record high, breaking below 19,000 for the first time since 11/22/16...
And there's a long way left to fall to erase all the delusional market behavior of the last few years...
* * *
The dollar is screaming higher as stocks crash, triggering a Level 1 circuit breaker and a market-wide trading halt...
During US trading hours (Cash), these are the levels for the various circuit-breakers to hit:
- Level 1: 7% fall to 2352.14 before 15:25EDT/19:25GMT will prompt a 15-minute pause.
- Level 2: 13% drop to 2200.39 before said time will introduce another 15-minute pause.
- Level 3: 20% decline to 2023.35 within the time will shut the markets
Will we see the first Level 2 trigger today?
The Dow is down 8% today...down 10,500 points from its record highs...
Dropping into the red since Trump's inauguration...
The S&P 500 has now broken below the critical Dec 2018 low...
The demand for dollars is going exponential...
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