There has been no such threat. The brakes have not even been approached. What are you short?
"There has been no such threat."
I took it as a comparison to the Nikkei, which did "threaten" to halt all trading.
his point is that having the exchange yell 'we may halt early' on a sharp selloff day only accellerates the negativity. he is using the NYSE as an EXAMPLE of one factor impacting sentiment in tokyo.
His comment was hypothetical.