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Regulators Vow to Find Way to Stop Rapid Dives

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WHEN ALL ELSE FAILS, REGULATE
"Officials from the Securities and Exchange Commission and the major stock exchanges agreed on Monday to immediately revise marketwide circuit breakers that temporarily halt stock trading in the event of a major decline, and to draft similar measures for individual stocks that will be applied uniformly across markets," the New York Times reported.  Formerly, circuit breakers close U.S. exchanges for the rest of the day when Dow loses 2,150 points, or 20 percent of average closing price. New circuit breakers will close exchanges for the rest of the day whenever Dow lands on Chance or Community Chest.
SOURCE:   New York Times

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