Monday, May 17, 2010

"SEC, Exchanges Mull Tight Circuit Breakers"

U.S. regulators and exchanges are considering market-wide circuit breakers that would temporarily stop trading when it falls five percent, two sources familiar with the talks said on Monday.

What a joke! Why isn't there a circuit breaker when the market is up five percent? Why even have prices at all? Maybe the Federal Reserve should peg every price at a level convenient to them.

1 comment:

PD said...

yeah no kidding. this is the stupidest thing i have ever heard.