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For reference, someone might want to post a chart of the gains the markets have made in the past 5 years. I would hardly call this a crash.
For those unaware, this is common practice -- it a control that is working as intended. The trading was halted for 15 minutes
This is _extremely_ rare.
Just to clarify the title: Trading was halted for 15 minutes.
If it drops 13% it will pause for another 15 minutes. If it drops 20% it will end trading for the day.
For reference, someone might want to post a chart of the gains the markets have made in the past 5 years. I would hardly call this a crash.
My reading is we're in a normal correction that has been exacerbated by COVID and last night's massive fall (-30%) in oil price.
This will be blamed on COVID-19, but the problems go much deeper. Last year the Fed lost control of the repo market. the event was widely discounted at the time as an end-of-tax-year fluke. It wasn't. Six month ago, the yield curve inverted. People who should have known better said "this time is different." Speculators have been trained over the course of 10+ years to buy the dip. The Fed has your back. What we're se…
> Six month ago, the yield curve inverted. People who should have known better said "this time is different." How does your story jive with the fact that the yield curves went back to normal? Either they are an indicator or they aren't.
first time since the 2016 U.S. presidential election after they fell more than the daily limit of 5%
Futures have a hault at 5%
Normal trading hours have the 7% stop
(I'm not a trader) if I wanted to watch the market with a near-real-time dashboard, does that exist?
Slightly unrelated, but why does the stock market close each night? If trading was open 24/7, we wouldn't have large spikes like this every morning. We'd only have them when certain news is announced.
This will be blamed on COVID-19, but the problems go much deeper. Last year the Fed lost control of the repo market. the event was widely discounted at the time as an end-of-tax-year fluke. It wasn't. Six month ago, the yield curve inverted. People who should have known better said "this time is different." Speculators have been trained over the course of 10+ years to buy the dip. The Fed has your back. What we're se…
This will be blamed on COVID-19, but the problems go much deeper. Last year the Fed lost control of the repo market. the event was widely discounted at the time as an end-of-tax-year fluke. It wasn't. Six month ago, the yield curve inverted. People who should have known better said "this time is different." Speculators have been trained over the course of 10+ years to buy the dip. The Fed has your back. What we're se…
> Six month ago, the yield curve inverted. People who should have known better said "this time is different." How does your story jive with the fact that the yield curves went back to normal? Either they are an indicator or they aren't.