Stock market Monday

[angrychair]

Futures are still showing down and the S&P closed down 6 points. It's possible we could see the first circuit breaker threshold of 7% Monday, if it opens the same way it closed today .
That would trigger a 15 minute pause on the market.
The last time the market was paused due to sell offs was December 1st, 2008.

[SWBTATTReg]

1. Tomorrow is Saturday. I'm assuming you mean this following Monday...

[angrychair]

4. Yep

I knew what meant in my head....lol

[drray23]

2. I think the circuit breaker threshold

Is only calculated relative to the previous trading day.
So,it would have to drop by 7 % relative to today's close.

[angrychair]

5. That is true

But my assumption would be that each day is building of the fear and uncertainty of the day before, which is why the circuit breakers exist to slow the feeding frenzy and let people take a breath.

[democratsruletheday]

9. Valid points and good post angry....but to me

it's just symbolic. I don't see what pausing the free fall for 15 minutes can actually do to stem the blood letting.

[angrychair]

10. Purely psychological

By creating that break the hope is to break the sell cycle just long enough that the buys take over and start pushing things back through other way because the stock is cheaper now.

[Demovictory9]

3. Do you mean monday? Tomorrow is saturday

[angrychair]

6. I did and updated my OP. N/T

...

[Frasier Balzov]

7. Fear versus trust.

The fears have it.

[Scrivener7]

8. There's a whole weekend ahead for the trusting magats to notice what is happening and panic, so they

pull out all their money on Monday.

This isn't going to end any time soon.