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Re: Our financial system is crumbling this week.
Posted: May 6 10, 12:59 pm
by lukethedrifter
That sort of panic on the floor of the NYSE must be an incredible thing to see.
Re: Our financial system is crumbling this week.
Posted: May 6 10, 1:01 pm
by TimeForGuinness
lukethedrifter wrote:That sort of panic on the floor of the NYSE must be an incredible thing to see.
No doubt...watch out for jumpers.
Re: Our financial system is crumbling this week.
Posted: May 6 10, 1:05 pm
by Hungary Jack
Maybe governments will start to see how their irresponsible and reckless borrowing and spending is contributing to global financial instability.
But I doubt it.
Re: Our financial system is crumbling this week.
Posted: May 6 10, 1:07 pm
by TimeForGuinness
Hungary Jack wrote:Maybe governments will start to see how their irresponsible and reckless borrowing and spending is contributing to global financial instability.
But I doubt it.
Looked like a good buying opportunity now that it has recovered about 300 points. Institution dump and buy.
Re: Our financial system is crumbling this week.
Posted: May 6 10, 2:22 pm
by Freed Roger
Obligatory flustered trader photo
Re: Our financial system is crumbling this week.
Posted: May 6 10, 2:33 pm
by JackofDiamonds
Automatic trading systems kicked in and drove this thing out of control. The reverse is true for the systems activating buy orders when it hit -950 pts. Someone timed this perfectly and just made a bajillion dollars.
Re: Our financial system is crumbling this week.
Posted: May 6 10, 2:33 pm
by KyCardinalFan
Re: Our financial system is crumbling this week.
Posted: May 6 10, 2:37 pm
by Hungary Jack
Freed Roger wrote:Obligatory flustered trader photo
You kidding me? These guys love volatility.
Re: Our financial system is crumbling this week.
Posted: May 6 10, 2:38 pm
by Freed Roger
Hungary Jack wrote:Freed Roger wrote:Obligatory flustered trader photo
You kidding me? These guys love volatility.
true - but you'll see a photo like that on most front pages and home pages.
Re: Our financial system is crumbling this week.
Posted: May 6 10, 2:39 pm
by KyCardinalFan
Freed Roger wrote:Hungary Jack wrote:Freed Roger wrote:Obligatory flustered trader photo
You kidding me? These guys love volatility.
that may be true - but you'll see a photo like that on most front pages and home pages.
If they can get one with their head or face in hands, even better.
