Comments on: 2o Years Ago Today…

By: Brip Blap

Brip Blap — Thu, 25 Oct 2007 10:15:44 +0000

For everyone who says there is NO way it could happen again – 9/11 shut down the markets for a week and it was only through massive amounts of hard work on the part of the exchanges and some civic and governmental intervention that righted the markets. A technical drop of 20% might not happen – but imagine if the exchanges fell 5% in the first 30 minutes of trading, shutting down the exchanges … for weeks at a time. Awfully bad stuff can still happen. Just having a computer control in place can’t overcome human nature.

By: Aaron

Aaron — Tue, 23 Oct 2007 01:50:27 +0000

I think we will still see a drop of 8 or 10% at some point, but the trading curbs were designed to not allow that 22% loss to occur again.

By: Appfunds

Appfunds — Mon, 22 Oct 2007 13:55:49 +0000

Here`s a video broadcast from that day :http://archives.cbc.ca/IDC-1-73-1883-12455-11/politics_economy/twt/

By: thomas

thomas — Mon, 22 Oct 2007 01:23:03 +0000

as said earlier, Wall Street will just shut down if the market starts to tank.

By: The Weather Here Is Wonderful - Plus A Stroll Through My Blogroll

The Weather Here Is Wonderful - Plus A Stroll Through My Blogroll — Sun, 21 Oct 2007 23:06:32 +0000

[...] AllFinancialMatters reminds us of a dark day in the market’s history. [...]

By: » Weekly Roundup: Are PhotoStamps Signs Of Excess? on Blueprint for Financial Prosperity

Sat, 20 Oct 2007 19:52:46 +0000

[...] JLP talks to us about Black Monday 20 years ago. Scary retrospective. [...]

By: muddlehead

muddlehead — Sat, 20 Oct 2007 04:31:51 +0000

buying opportunity.

By: Money Blog

Money Blog — Fri, 19 Oct 2007 19:46:30 +0000

Nothing’s impossible but I think it would be unlikely to happen in a single day if it did happen. We’d probably see sustained falls for a few weeks instead.

By: sam

sam — Fri, 19 Oct 2007 19:20:59 +0000

When the stock markets opened again after the 9/11 attacks, there was a big selloff and I’m thinking that the trading halts that Chris is talking about went into effect. But my memory is not what it once was . . .

By: Chris

Chris — Fri, 19 Oct 2007 16:26:00 +0000

Supposedly there is a system in place that halts trading for 2 hours if it drops over 20%. If it drops 20% after 2PM the market shuts down for the day. It can’t happen anymore, at least not in a single day.