Blackjack and Card Counting Forums - BlackjackInfo.com

  #1  
Old October 2nd, 2011, 02:37 AM
zengrifter's Avatar
zengrifter zengrifter is offline
Executive Member
 
Join Date: Nov 2005
Location: SoCal
Posts: 10,532
Default S&P Shorts Now Over 11 Million!

S&P Shorts Now Over 11 Million!

Source: Paul Drockton / Money Teachers



The S&P 500 is now the new standard for stopping trades when the market collapses. Interesting to say the least:

"The U.S. Securities and Exchange Commission began an overhaul of rules adopted a quarter century ago to shut down the stock market and related futures trading during periods of volatility, proposing that curbs be triggered when the Standard & Poor’s 500 Index falls 7 percent.

The changes would switch the index used for circuit breakers to the S&P 500 from the Dow Jones Industrial Average, according to proposals submitted by U.S. equities exchanges and the Financial Industry Regulatory Authority. Index declines that set off halts in stocks, options and futures would be reduced and their duration shortened, according to a summary of the proposals from the SEC.

“Tighter circuit breakers and a coordinated effort will allow everyone to take a breath when it’s needed,” William Karsh, a consultant and former chief operating officer at Jersey City, New Jersey-based Direct Edge Holdings LLC, said in a phone interview. “If they stop trading and give people a chance to assess what’s going on, they can reopen without the crazy whipping action we saw on May 6, 2010.” (Source)

In other words, the markets will reopen more quickly during flash crashes so that the [Wall Street] Psychopaths can get back to plundering your savings and retirement. Comforting indeed.

xxx
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -6. The time now is 09:05 AM.


Forum Software vBulletin®
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright 2005-2011 Bayview Strategies LLC