They may sit back to see just how bad the carnage is at first, but by the end of the day, they'll intervene.
They have to. Certain derivatives come into the money if the VIX (volatility index) shows a -2% move, so they'll do their best to keep the drop to 1.999999%.
1,379 posted on 06/23/2016 7:56:59 PM PDT by Publius
("Who is John Galt?" by Billthedrill and Publius now available at Amazon.)