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They've already given up on the circuit breakers: http://www.cnbc.com/2016/01/07/chinese-securities-regulator-suspends-market-circuit-breakers.html http://www.c

• overcast 11y ago
  Well this should get interesting.
• jcyw 11y ago
  Interesting. Considering they stop people selling stock last time. Ha. Lets keep an eye.
  • tyre 11y ago
    They don't stop people from selling. Circuit breakers are useful for one-time flukes (e.g. Flash Crash) but for sustained downturns they can actually make things worse. If you think you _may_ want to sell at all tomorrow but also think a circuit breaker could trigger, you're going to sell first thing in the morning. So will everyone else. The circuit breaker can actually trigger a worse panic as investors all try to squeeze in sell orders at once. This triggers the circuit breaker, confirming everyone's fears, and starts again the next day.
    • fleitz 11y ago
      It makes it worse when they say they are propping up the market, if the market is at a relative peak and daddy warbucks shows up saying he'll buy anything no matter the cost, of course everyone is going to get out while the getting is good.