Should Stock Market Trades Be Halted Until Next Tuesday?

[Better Believe It]

Poll question: Should Stock Market Trades Be Halted Until Next Tuesday?

Should the U.S. stock markets be closed?

This may give the worlds leading finance ministers and bankers time to work out a coordinated response to the stock market crash.

They are meeting in Washington, D.C. this weekend.

Perhaps they can work out an international plan for bank recapitalization.

[Demeter]

1. It's Far Too Late Now

[NightWatcher]

2. the rest of the world would panic. We just need to deal with the fact that the Dow is going down

this is a global problem and there are no silver bullet fixes

[Better Believe It]

5. Stock Markets In Russia And Other Nations Have Already Been Shut Down

[stillcool]

7. Don't they do that for hours at at time?

whatever happened to the curbs thingy?

[Selatius]

9. Russia halted trading because their indices lost 20 percent...in 1 day.

So far, the Dow has lost a relatively tame 7 percent in one day on the worst days so far. The first circuit breakers for the Dow won't kick in until around -1100 points in a day.

[TexasObserver]

3. that would cause a run on banks and investment firms

[Purveyor]

4. I think this would just 'ramp up' the fear and possibly provoke a run on the banks. eom

[Warpy]

6. Only if it's to buy time to get another ban on short selling

passed, a permanent one this time.

Otherwise, it might slow down the panic, but it's only delaying the inevitable.

The market is finally correcting. Keeping it artificially inflated for the past 8 years has nearly bankrupted the treasury. Doing anything to try to keep it artificially high now will likely be at least as destructive.

[Better Believe It]

8. They better come up with a plan this weekend.

If they don't come up with a clear international plan to recapitalize the banking system there will be a worldwide banking collapse and depression.

That's the biggest danger.

If this weekend conference fails, the international capitalist economy will quickly collapse.

I hope I'm wrong because I don't want to be a victim of this capitalist crisis along with billions of other people.

[ThomWV]

10. The market has to go where the market is going to go - and nothing is going to stop it

[Hydra]

11. If they shut it down til Tuesday

The world will keep turning, and the loss that day might be anywhere from 1500-3000 as a catch-up.