Birdwatch Note Rating
2025-04-07 04:04:51 UTC - NOT_HELPFUL
Rated by Participant: 7D9C1F093013D3F3A600031C80AFD8FD6412F10CEAD15054E1A156F1E45ADFC3
Participant Details
Original Note:
The largest single day crash on the stock market is impossible to achieve due to a stop in trading after a 3rd circuit breaker at a 20% decline. On October 19, 1987 (Black Monday) the market declined 22.6%, this was before the 20% circuit breaker rule was put into place. https://www.investor.gov/introduction-investing/investing-basics/glossary/stock-market-circuit-breakers https://www.federalreservehistory.org/essays/stock-market-crash-of-1987
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