Yeah they’ll halt trading for the rest of the day so the death spiral doesn’t continue. On Black Tuesday in 1929, one of the problems was they didn’t stop trade or shut down banks. So everyone was trying to avoid being the last one holding onto worthless stocks while normal people were trying to withdraw all their money out of their bank accounts.
This doesn’t really do anything other than get stock brokers to sleep it off because they can resume their bullshit in the morning.
Yeah they’ll halt trading for the rest of the day so the death spiral doesn’t continue. On Black Tuesday in 1929, one of the problems was they didn’t stop trade or shut down banks. So everyone was trying to avoid being the last one holding onto worthless stocks while normal people were trying to withdraw all their money out of their bank accounts.
This doesn’t really do anything other than get stock brokers to sleep it off because they can resume their bullshit in the morning.