at the rate the stock market was wobbling..this morning...having dropped.700 points at one point... the Pope needs to be praying for our economic survival!! ..and a spare CLUE or two about the “environment” as well
I see nothing wrong with going back to horse and buggy, outhouses, blood-letting, and candles.
It’s the best thing we can do for the poor socialists and mother earth, after all.
There are circuit breakers in the market if it drops too far too fast. Google market Rule 80B and could add circuit breakers, then read the rules for the shutdown triggers. Some seasoned traders told me about it a couple years ago.
Your 700 points down could have been one of the percent qualifiers.
I don't know why the spokespeople aren't mentioning that instead of a "technical glitch". It could have been a glitch or a hack.
One person (trader) shut down the market a few years back. Google flash crash 2015 for specifics on that.
Maybe they know but are playing it safe because they didn't want a panic. It closed down about 270 which isn't good but not earthshaking.