|
05-06-2010, 02:03 PM
|
|
|
|
Location: Central Alberta
156 posts, read 361,549 times
Reputation: 73
|
|
|
Wow.. Bounced back above 10,000 now. Vix up 50%..  |
|
05-06-2010, 02:06 PM
|
|
|
|
Location: Sierra Vista, AZ
16,514 posts, read 21,962,850 times
Reputation: 8720
|
|
|
The DOW is NOT the Economy.
|
|
05-06-2010, 02:07 PM
|
|
|
|
Location: Atlanta, GA
1,194 posts, read 1,908,981 times
Reputation: 816
|
|
|
Thank you plunge protection team..
|
|
05-06-2010, 02:13 PM
|
|
|
|
Location: Business ethics is an oxymoron.
2,166 posts, read 2,600,866 times
Reputation: 4845
|
|
|
That we have a "plunge protection team" (and conversely NO "bubble protection" one) indicates just how goosed, artificial, and manipulated it is in the first place. I guess some peoples idea of a "free market" is an imposed floor limit on a down day but skies the limit on an up one.
That it went down almost a thousand points to almost break even in the span of an hour shows just what a crock it is.
My only disappointment (as of this writing) is that it hasn't fallen THREE thousand. And stayed there.
*yawn*
|
|
05-06-2010, 02:27 PM
|
|
|
|
Location: San Diego California
6,797 posts, read 6,624,776 times
Reputation: 5180
|
|
|
Plunge protection exists to protect the rich, and the institutions, not the individual investor. The stock market is no longer ruled by the laws of supply and demand. It is controlled by GS supercomputers which make it simply a casino with GS as the house.
|
|
05-06-2010, 02:28 PM
|
|
|
|
Location: I'm gettin' there
2,666 posts, read 6,643,384 times
Reputation: 817
|
|
|
One thing is certain, when it goes down, IT GOES DOWN !!
It might inch up everyday to a cumulative 1000 pts in 2 months, but it takes 30 minutes to wipe it out.... !!
|
|
05-06-2010, 02:32 PM
|
|
|
|
Location: Oak Point, TX
7,593 posts, read 12,499,699 times
Reputation: 4570
|
|
|
The trading curb was introduced after the crash of 1987 to keep things from going totally spazzed.
|
|
05-06-2010, 02:57 PM
|
|
|
|
Location: San Diego California
6,797 posts, read 6,624,776 times
Reputation: 5180
|
|
Quote:
Originally Posted by little elmer
The trading curb was introduced after the crash of 1987 to keep things from going totally spazzed.
|
There is a difference between curbs on trading and a team designed to pump up falling markets. |
|
05-06-2010, 02:59 PM
|
|
|
|
Location: Oak Point, TX
7,593 posts, read 12,499,699 times
Reputation: 4570
|
|
Quote:
Originally Posted by jimhcom
There is a difference between curbs on trading and a team designed to pump up falling markets.
|
They don't go to college for nothing... |
|
05-06-2010, 04:14 PM
|
|
|
|
723 posts, read 2,013,856 times
Reputation: 925
|
|
|
I heard on another board that it was just a trader who fat-fingered (m)illions instead of (b)illions.
Oh and the greece riots.
|
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
|
|
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
