re: #709 Gus 802

Yep. And you know how reluctant to support that lately. I still however see a need for it from time to time despite my recent and somewhat frequent complaining. However, it’s not about me. The irony of this is while the right wing is practically cheering this downgrade they’re forgetting that it will have a negative impact on defense spending and thus limiting our ability for engaging in foreign excursions.

Tomorrow’s the big day. Is this the eve of Black Monday? Any word from the Asian markets yet?

Not the Asian markets but…

US credit drop rattles Tel Aviv Stock Exchange

Trading in the TASE was stopped during the morning due to the instability in indices.

“When the trading gets high or low we use what we call an ’ English Opening,’” TASE spokeswoman Idit Yaaron told Xinhua, “and this happens if the trading gets higher or lower than 2.5 percent, the trading stops for two or three minutes and it’s checked again. If the trading is still higher or lower than 2.5, then it stops again.”

If, after this measure, trading goes up or down by five percent, Yaaron said, “the TASE stops the trading for 45 minutes for the investors to sit down and check their orders for errors,” and consider further action.

The “last time we had an English Opening was 2008, when the Lehman Brothers collapsed,” Yaaron said.