The move down through 180 points on the NYA (NYSE Comp) triggered the trading collars fro the first time in I don’t know how long.
Here’s the NYSE’s infographic on the Circuit Breakers:
OK, trivia time: When was the last time these were triggered?
UPDATE February 27, 2007 2:58pm
A retail broker with a tendency to panic just sent this to our office.
(I don’t know him well enough to say whether or not this is a contrary indicator).
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.