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young_unixer
on March 9, 2020
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Trading halted as U.S. stocks plummet
Wouldn't that incentivize people to sell before the pause/end of the trading day, creating a snowball effect?
azernik
on March 9, 2020
[–]
It would indeed, but if it's an irrational panic or an algorithmic mess-up it also allows people to stop and think for a bit. It's a tradeoff, and the main goal is to reduce the extreme failures.
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