Hacker News new | ask | show | jobs
by seanmcdirmid 4002 days ago
The 10% limits on falls each day are horrible this way. It actually creates a continually falling market, we won't know how bad this crash really is for awhile.
1 comments

Do they also have limits on 10% rise each day?
Yes, stocks can only climb by 10% max per day.

That led to some bizarre circumstances, where new IPOs during the upside mania were going up by the limit every day for weeks after the IPO.

Yes, the blue chips that the government is pumping money into are bumping up against those limits also. Really really messed up.