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Trading halted as U.S. stocks plummet

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Re: Trading halted as U.S. stocks plummet

#171

Post by magduf »

paulmd wrote: post #168
ailideex wrote: post #79

Earlier quoted context omitted.

Ehh... I mean ... if the whole rest of the world was somehow unaffected by this ... then ... You do get that a reasonably conservative projection is that within a year most people in the world would have gotten COVID-19? How the heck did Trump do that? The only means of slowing COVID-19 has massive effects on the economy. There is now way in hell this would not have had a massively negative impact on the world econom…

> You do get that a reasonably conservative projection is that within a year most people in the world would have gotten COVID-19? How the heck did Trump do that? Certainly doesn't help that he fired the US's pandemic response team a few years ago (that pesky "deep state" he's been ranting about). The rest of the world has their own responsibility to some extent but the US usually takes point on these kind of things.…

>The rest of the world has their own responsibility to some extent but the US usually takes point on these kind of things.

The US has 330M people. The rest of the world has over 7B. The rest of the world needs to get over this idea that the US is the leader on everything; the election of Trump should have been the canary in the coalmine that the US just can't be trusted for global leadership any more, and continuing to do so is dangerous and foolhardy. As you said, it's been "a few years" since the pandemic response team was fired; so why would any country have trusted the US since then for pandemic response ability or competence?

Re: Trading halted as U.S. stocks plummet

#172

Post by cm2187 »

jurassic wrote: post #51
cm2187 wrote: post #23

Earlier quoted context omitted.

I kind of think that the Fed will not let this go too far in the middle of an election year, particularly given Trump. But yeah, the market was clearly overextended, and stock price growth was accelerating.

It's really not up to the Fed; they had an emergency rate cut last week and it was just a minor blip on the overall downward slide. This is a demand-driven crisis, not a liquidity crisis or credit crunch like 2008. Monetary policy isn't going to get you very far this time.

No the Fed can push asset prices through QE

Re: Trading halted as U.S. stocks plummet

#173

Post by sebastianconcpt »

Seenso wrote: post #161
sebastianconcpt wrote: post #157

Earlier quoted context omitted.

Immediately yes, it will keep them in gear, but it will have no consequence because the output would come forcibly delayed, so the result will come not so immediately. Hence being anxious has no payout and being cool does. Wouldn't be that with time, the next generation of traders for example, they will relax more when things feel bearish and put the "normal gear" when it feels bullish?

> so the result will come not so immediately. Hence being anxious has no payout and being cool does. That's assuming people are way more rational and less emotional than they really are.

Actually no because the output (reward or penalty) is not selective on your rationale. You can be bullish or bearish. The the input and the output are both allowed, just working at asymmetrical speeds (slower for bearish).

Wouldn't overall cause a "sustentation effect" similar to the asymmetrical speed in the airflow in the wings of a plane?

I'm not convinced myself of this, but the idea made me curious and maybe worth of experimenting with in a limited context?

Re: Trading halted as U.S. stocks plummet

#174

Post by harambaebae69 »

vitaflo wrote: post #108
MS90 wrote: post #73

Earlier quoted context omitted.

Looks like it's only happened once, 22.61% on Oct 19, 1987. Even the 1929 crash wasn't that much, though it did drop about 24.5% over two days, Oct 28 and 29, 1929. https://en.wikipedia.org/wiki/List_of_largest_daily_changes_...

The crash in 1987 is why they put these halting rules in place.

This is incorrect, it was somewhere during/after the 2008 recession that these circuit breakers went into effect (because I remember they didn't exist at that time)

Re: Trading halted as U.S. stocks plummet

#175

Post by magduf »

paulmd wrote: post #169
ailideex wrote: post #81

Earlier quoted context omitted.

> Recession? Definitions are toxic to the real problem. Okay, then lets not use them. Is what we are seeing now primarily a consequence of of COVID-19 or not?

> Is what we are seeing now primarily a consequence of of COVID-19 or not? "is the 2008 crisis primarily a consequence of mortgages or not?" In the grand scheme of things, no, it's a consequence of a bubbled economy that has been goosed with tax cuts, extremely low interest rates, and deregulation for too long and is overdue for a correction. The proximate cause is Covid but it just was the spark that lit the fire, t…

>Insofar as he can be said to understand anything

Well, while he doesn't seem to have much understanding of economics or how to run a government properly, let's give credit where credit is due: he certainly seemed to understand how to get people to vote for him a lot better than his political competitors did.

Re: Trading halted as U.S. stocks plummet

#177

Post by mnm1 »

magduf wrote: post #175
paulmd wrote: post #169

Earlier quoted context omitted.

> Is what we are seeing now primarily a consequence of of COVID-19 or not? "is the 2008 crisis primarily a consequence of mortgages or not?" In the grand scheme of things, no, it's a consequence of a bubbled economy that has been goosed with tax cuts, extremely low interest rates, and deregulation for too long and is overdue for a correction. The proximate cause is Covid but it just was the spark that lit the fire, t…

>Insofar as he can be said to understand anything Well, while he doesn't seem to have much understanding of economics or how to run a government properly, let's give credit where credit is due: he certainly seemed to understand how to get people to vote for him a lot better than his political competitors did.

That's why he got less votes than his opponent.

Re: Trading halted as U.S. stocks plummet

#180

Post by bilekas »

Genuine question: They can just do that ? Issue a trading halt because they don't like the direction it's going ?

> “There’s a reason why they have those circuit breakers -- it’s to give people time to come back from panicked feelings,”

Seems strange that the market is kinda able to be manipulated like that. I'm not saying this is a bad move, just surprised that someone can do it.

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