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My GOD,
Posted on 5/6/10 at 1:46 pm
Posted on 5/6/10 at 1:46 pm
they must be liquidating the hell out of some leveraged positions.
3
Posted on 5/6/10 at 1:47 pm to John Merlyn
fricking panic has set in! 
Dollar surging. Hope noone is long...look out below...
Dollar surging. Hope noone is long...look out below...This post was edited on 5/6/10 at 1:48 pm
Posted on 5/6/10 at 1:49 pm to John Merlyn
CNBC is behind by 5 or 6 minutes from real time sticker. Big delay.
Posted on 5/6/10 at 1:50 pm to LSURussian
Dow down 700!
Posted on 5/6/10 at 1:51 pm to Dr Rosenrosen
it clipped -1000 earlier
Posted on 5/6/10 at 1:52 pm to lsu xman
Freaking swings from hell.....WOW!!!
Posted on 5/6/10 at 1:52 pm to Dr Rosenrosen
It was down a little over 1,000. Now it's down 480.
And...CRAP!!!...I didn't buy!
And...CRAP!!!...I didn't buy!
This post was edited on 5/6/10 at 1:54 pm
Posted on 5/6/10 at 1:52 pm to Dr Rosenrosen
Has to be a short-term bounce coming, there's no catalyst for that steep of a down turn that quickly. Or something is about to happen?
ETA: Didn't get the post up in time.
This post was edited on 5/6/10 at 1:54 pm
Posted on 5/6/10 at 1:53 pm to LSURussian
Hah holy frick. Sept 08 redux.
Posted on 5/6/10 at 1:58 pm to kfizzle85
Something weird is going on. The DOW was reported to be at 9,990 then literally 1 second later was at 10,333. Computers broke and someone just got rich.
Posted on 5/6/10 at 2:00 pm to dutchdanish
Yeha my initial reaction was some high frequency algo went berserk.
Posted on 5/6/10 at 2:01 pm to dutchdanish
GS and other frickers up to no good again
Posted on 5/6/10 at 2:01 pm to kfizzle85
It went from down 400 to like down a 1000 in a couple minutes. Its now back to 450. Anyone ever seen this? Crazy times!!
Posted on 5/6/10 at 2:02 pm to kfizzle85
This program trading shite has to be restricted, this shite is unmanageable and destroys faith in the system.
Posted on 5/6/10 at 2:03 pm to tirebiter
Marketwatch is blaming it on "technical levels being breached." Kind of funny IMO.
Posted on 5/6/10 at 2:04 pm to CamdenTiger
quote:
It went from down 400 to like down a 1000 in a couple minutes. Its now back to 450. Anyone ever seen this? Crazy times!!
Yes, and if you are trying to buy or sell you will likely be eating a shite sandwich.
Posted on 5/6/10 at 2:05 pm to CamdenTiger
P & G dropped $17/share within a minute, then recovered within 3 or 4 minutes. Something broke down. That alone was = more than 120 points on the Dow Jones.
Posted on 5/6/10 at 2:07 pm to kfizzle85
quote:
Marketwatch is blaming it on "technical levels being breached." Kind of funny IMO.
It's not funny at all if people were making trades or had stop losses on positions, this shite is ridiculous. I am not doing anything, but it is manipulative as hell.
Posted on 5/6/10 at 2:08 pm to tirebiter
clearly some people just abused other invesetors, but you can't really get rid of stop losses.
Posted on 5/6/10 at 2:10 pm to kfizzle85
what happened to the automatic shut-off switch?
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