Curb Your Enthusiasm
by matt at 3:45 pm on February 27th, 2007 in EconomyBrutal day on Wall Street CNN (2/27/07):
The Dow Jones industrial average tumbled 416.02 points, its biggest one-day point loss since the day the stock market reopened after the Sept. 11th attacks.
[…]
Trying to limit the declines, the New York Stock Exchange said it imposed trading curbs as of 1:03 p.m. ET, around the time the Dow slipped 200 points, CNN confirmed.
Over the last few years, curbs have, more often than not, kicked in on the upside. Nevertheless, I’m not hearing any of the major market fetishists complaining about the market manipulation today. I wonder why.
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