At the beginning of each calendar quarter the New York Stock Exchange establishes the level at which stock market trading will be halted based on the percentage decline in the Dow Jones Industrial Average. According to the NYSE:
"In response to the market breaks in October 1987 and October 1989 the New York Stock Exchange instituted circuit breakers to reduce volatility and promote investor confidence. By implementing a pause in trading, investors are given time to assimilate incoming information and the ability to make informed choices during periods of high market volatility."
The circuit breaker levels for the first quarter of 2008 are detailed below. Will these breakers be triggered on Tuesday?
(click on chart for larger image)
1 comment :
Should be fun when we hit the circuit breakers on Tuesday. Hope ya'll enjoyed the long weekend.
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