> To lose 99% of spuu’s value the sp500 would have to drop 50% in one day... Whi... | Hacker News

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		arcticbull 10 months ago \| parent \| context \| favorite \| on: Hedge Funds Are Pocketing Much of Their Clients' G... > To lose 99% of spuu’s value the sp500 would have to drop 50% in one day... Which is exceedingly unlikely because of the circuit breakers. A level 3 breaker is triggered after a 20% decline and halts trading for the remainder of the day.

pinkmuffinere 10 months ago [–]

Oh wow good point! The existence of breakers lurked in the back of my mind, but I didn’t realize the implication there. That is nice.

arcticbull 10 months ago | [–]

Not that a 60% 1-day decline would be welcome by many investors :P

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