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Re: Our financial system is crumbling this week.
Posted: May 6 10, 3:47 pm
by greenback44
TimeForGuinness wrote:Michael wrote:G. Keenan wrote:Who thinks the Euro will survive these member nation sovereign debt crises? If Portugal and Spain need bailouts where is the money going to come from? Germany again?
I mos def think it will survive, but it's possible a few members will get kicked out. Inflation be damned, Greece desperately needs to print money.
Any chance the greenback makes a comeback?
You and lukethedrifter need to find a different target.
When someone like Barry Ritholtz is calling for stop-losses, you could a 1987-style collapse like this coming.
Re: Our financial system is crumbling this week.
Posted: May 6 10, 3:55 pm
by lukethedrifter
TabascoElvis wrote:Whoopsy-daisy
In one of the most dizzying half-hours in stock market history, the Dow plunged nearly 1,000 points before paring those losses in what possibly could have been a trader error.
According to multiple sources, a trader entered a "b" for billion instead of an "m" for million in a trade possibly involving Procter & Gamble
LINK
Bartman now a trader?
Re: Our financial system is crumbling this week.
Posted: May 6 10, 8:40 pm
by TimeForGuinness
greenback44 wrote:TimeForGuinness wrote:Michael wrote:G. Keenan wrote:Who thinks the Euro will survive these member nation sovereign debt crises? If Portugal and Spain need bailouts where is the money going to come from? Germany again?
I mos def think it will survive, but it's possible a few members will get kicked out. Inflation be damned, Greece desperately needs to print money.
Any chance the greenback makes a comeback?
You and lukethedrifter need to find a different target.
When someone like Barry Ritholtz is calling for stop-losses, you could a 1987-style collapse like this coming.
I'm lost here greenback44, I don't think I have ever targeted you.
I was just asking that if the Euro is in flux, would more people find safety in the US dollar.
Re: Our financial system is crumbling this week.
Posted: May 6 10, 8:43 pm
by lukethedrifter
TimeForGuinness wrote:greenback44 wrote:TimeForGuinness wrote:Michael wrote:G. Keenan wrote:Who thinks the Euro will survive these member nation sovereign debt crises? If Portugal and Spain need bailouts where is the money going to come from? Germany again?
I mos def think it will survive, but it's possible a few members will get kicked out. Inflation be damned, Greece desperately needs to print money.
Any chance the
greenback makes a comeback?
You and lukethedrifter need to find a different target.
When someone like Barry Ritholtz is calling for stop-losses, you could a 1987-style collapse like this coming.
I'm lost here greenback44, I don't think I have ever targeted you.
I was just asking that if the Euro is in flux, would more people find safety in the US dollar.
I think he's joking. I think. See the above bolded.
Re: Our financial system is crumbling this week.
Posted: May 6 10, 11:05 pm
by greenback44
Good grief, if I can't riff on a Cronos69 theme, then nothing is safe. Maybe I should've mentioned the smoke monster.
Re: Our financial system is crumbling this week.
Posted: May 7 10, 6:42 am
by TimeForGuinness
lukethedrifter wrote:TimeForGuinness wrote:greenback44 wrote:TimeForGuinness wrote:Michael wrote:G. Keenan wrote:Who thinks the Euro will survive these member nation sovereign debt crises? If Portugal and Spain need bailouts where is the money going to come from? Germany again?
I mos def think it will survive, but it's possible a few members will get kicked out. Inflation be damned, Greece desperately needs to print money.
Any chance the
greenback makes a comeback?
You and lukethedrifter need to find a different target.
When someone like Barry Ritholtz is calling for stop-losses, you could a 1987-style collapse like this coming.
I'm lost here greenback44, I don't think I have ever targeted you.
I was just asking that if the Euro is in flux, would more people find safety in the US dollar.
I think he's joking. I think. See the above bolded.
My bad, greenie. LOL...didn't even pick up on that. It was a long night with a crying baby.
Funny though, I was actually looking forward to your response on the issue.
Re: Our financial system is crumbling this week.
Posted: May 7 10, 6:50 am
by slide_into_first
While everyone rushes to buy gold, I'm thinking it would be good to sell short eurodollars. Maybe.
Re: Our financial system is crumbling this week.
Posted: May 7 10, 7:25 am
by JackofDiamonds
I am not going back to read this, but it looks like this all started with a trading error. Broker entered billion instead of million for a P&G trade. Oops.
Re: Our financial system is crumbling this week.
Posted: May 7 10, 7:34 am
by vinsanity
slide_into_first wrote:While everyone rushes to buy gold, I'm thinking it would be good to sell short eurodollars. Maybe.
Buffet would just say, Buy Buy Buy.
I joked during the first crash every time it dropped 1000 points I was gonna take out a loan and buy into an index fund. If I was a broker I'da been buying something the whole way down yesterday.
Re: Our financial system is crumbling this week.
Posted: May 7 10, 7:42 am
by TimeForGuinness
JackofDiamonds wrote:I am not going back to read this, but it looks like this all started with a trading error. Broker entered billion instead of million for a P&G trade. Oops.
Someone made a lot of money on that error.