Circuit Breakers Kick News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Around the world. gordon chang, author of "the coming collapse of china." we were talking earlier this week, gordon, seems like it was a completely different world, but we saw the markets in china reeling, and here we are yet again. so why the repeat? >> you know, this is astounding to me, because i'm not an optimist. but after monday's debacle when the circuit breakers -- these are provisions that stop trading losses -- once these circuit breakers kicked in, i figured there was going to be calm for at least three or four weeks, couple months because chinese leaders couldn't really stand the v...

Obviously there was program trading activity. i don't want wall street to wonk everybody out but there's computer programs set up that stay when things start to go bad let's sell into that and try to clear the debts as quickly as possible. obviously that happened. the interesting thing is if you think 15 years ago, if we had a move of nearly down a thousand points, we would have stopped trading. i mean, this was fairly remarkable stuff. i have to say i've been doing this close to 20 years. that was the most remarkable like 15 minutes of trading that -- i couldn't believe my eyes and i kept loo...