Friday October 24, 2008.

Futures trading has brought the market to a possible “Limit Down” situation.  The limit down is the maximum amount by which the price of a commodity futures contract may decline in one trading day. Limit Down is like a circuit breaker for the market.  When there is tons of sell pressure the Fed suspends trading for a few minutes at certain intervals of loss.  Today would not be the first Limit Down day but it is a very interesting way to go into the weekend.

This day could be historical.