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Old 05-12-2010, 07:37 PM
 
Location: Great State of Texas
86,068 posts, read 76,787,344 times
Reputation: 27652

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"The Problem with Circuit Breakers" by Cris Sheridan, FSU Editorial 05/12/2010

Pretty short, but interesting article.
Seems NYSE circuit breakers kick in at 10% but after 2:30pm they don't kick in unless the loss is at 20%.

Crash less than 20%.....check
Crash starts after 2:30pm....check
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Old 05-13-2010, 10:43 AM
 
Location: Business ethics is an oxymoron.
2,167 posts, read 2,610,330 times
Reputation: 4845
The whole thing stinks from start to finish. Myself like many others place no stock of respect or credibility whatsoever in the "markets" these days. Especially since we know who's really in charge. For all we know, that "crash" was deliberately engineered to create a panic on Capitol Hill just to remind our puppet government who's running the show and calling the shots.

Most folks, when they go to a casino, will either lose money or break even at best. Fewer than 10 percent will actually walk away with more money than they came in with. And naturally the one in a million that wins it big will of course be happy to express his or her love of the casino and "how generous they are" with the rest of the world.

Same thing with the stock bulls here. You all have any idea what kind of pompous idiots you make yourselves look like? You aren't the "savvy investor" you think you are.

You're just a gambler that got lucky. Nothing more.

But please. Keep it up. You have "the money". For now. We know that greed begets greed and that many gamblers will continue gambling with their winning in search of more. It's very addicting. The smart ones will quit when ahead and take the money and run. But you're probably not one of them. Especially if you're trying to rub your "profits" in our face. Odds are, you will keep going. Most of us know know that you will get too greedy one too many times. It only takes that one "oh schidt" to obliterate your hundred "scores".
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Old 05-13-2010, 05:52 PM
 
Location: Great State of Texas
86,068 posts, read 76,787,344 times
Reputation: 27652
Quote:
Originally Posted by Des-Lab View Post
For all we know, that "crash" was deliberately engineered to create a panic on Capitol Hill just to remind our puppet government who's running the show and calling the shots.

I'm seeing your sentiment posted over and over on various blogs and even in some financial opinion pieces (non MSM of course). There was a time when a post like yours would have been laughed off forums but not any more.

The "shadow banking cartel" is becoming more bold and blatant.
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Old 05-13-2010, 08:45 PM
 
Location: Planet Eaarth
8,955 posts, read 18,754,443 times
Reputation: 7193
The MSM has said that due to the time of the crash (late in the business day) and the swiftness of the event the safe guards couldn't work fast enough.

I say.....Baloney!
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Old 05-14-2010, 07:35 AM
 
22,770 posts, read 27,788,224 times
Reputation: 14617
my understanding was that the point of this whole thing was to activate these "safeguards", cause them to sell for cheap, and then buy it all back up again... all as quickly as possible? and didn't it work? i could certainly be wrong.
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Old 05-15-2010, 05:21 PM
 
Location: Backwoods of Maine
7,316 posts, read 9,015,849 times
Reputation: 20087
Good thread!

There is simply no way that Joe Investor can keep up with the black boxes of G Sax, Morgan Stanley, etc, with their algorythms and nano-second trades. These guys make 1/4 of a cent profit on every trade, and execute a gazillion trades daily using proprietary info about their clients' trades.

There's an old saying...if you don't know who the "mark" is...it's YOU!
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