S&P 500 just halted trading
- Thread starter Warren Moon
- Start date
When the market drops significantly, a temporary halt happens to allow traders to gather accurate info and reassess in order to avoid the market falling through the floor.
People might panic and keep selling assuming that there must be some end of the world news out there just based on seeing a big dip, so the pause helps to calm things a little bit.
More detail here: Trading curb - Wikipedia
Rell Lauren
Banned
fukk China.
Darth Nubian
I bought my first Ki from my baby momma brother
Graduate into a looming recession brehs and brehettes
I graduated after 9/11. Right into a recession and war. You're going to be alright. I was a fukk up and managed to make it. I'm sure you're more talented and savvy than I was. You'll be fine.
humminbird
Veteran
think of it like an elevator free falling and the emergency breaks stop it.
Theyll correct.... eventually. maybe.
But
1. Japan pulled a shyt ton of money out the foreign exchange market before the asian session open yesterday
2. OPEC meeting was disastrous
3. Trade routes closing due to quarantines and the like.
So yeah it might take a minute.
But hey, those gaps in the market gonna prolly fill eventually if/when this all blows over, so
It's all BS. World economy is too big to allow failure. It is fearmongering by the Boomer and Gen X crowds....
Lootha VanDraws
'The Night I Fell in Love' is the GOAT R&B album
I'm a broke negro from Philly. My daily life is a recession. I should have learned how to code and do Brazilian jiu-jitsu 
Tres Leches
Empire Business
don't worry guys tomorrow it will bounce back
humminbird
Veteran
I only regret buying a put on the S&P itself on Friday.
it was so expensive though,
it was so expensive though,
Yikes
what a way to start the week. Not even an hour into trading
what a way to start the week. Not even an hour into trading
Tribal Outkast
Veteran
So should you buy and hope for the best?
