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Dow Death Watch

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Old 05-06-2010, 04:37 PM   #31
Schneed10
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Re: Dow Death Watch
All driven by fears over Greece. If we're not careful it could happen to us.
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Old 05-06-2010, 04:38 PM   #32
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Re: Dow Death Watch
Hopefully just a correction
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Old 05-06-2010, 06:26 PM   #33
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Re: Dow Death Watch
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All driven by fears over Greece. If we're not careful it could happen to us.
You mean Greece is having financial problems because of all their social programs? No Way. Maybe they should call Canada and get some tips. Ops, Canada is having the same problems. I know maybe we should add these same social programs so we can join them. Then when we cannot afford another thing and the goverment has to finally cut back on these programs we can get mad riot and kill people who had nothing to do with it.
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Old 05-06-2010, 06:27 PM   #34
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Re: Dow Death Watch
Definitly a crazy day. This was insane with p&g, hopefully none of you had a stop loss on it.


UPDATE: Unexpected Drop Prompts P&G To Probe Erroneous Trades - WSJ.com
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Old 05-06-2010, 06:31 PM   #35
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Re: Dow Death Watch
heres a graph of how dramatic it was:
Procter & Gamble: Something Strange Was Going On - MarketBeat - WSJ
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Old 05-06-2010, 06:33 PM   #36
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Re: Dow Death Watch
heres a graph of how dramatic it was

Procter & Gamble: Something Strange Was Going On - MarketBeat - WSJ
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Old 05-06-2010, 07:12 PM   #37
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Re: Dow Death Watch
All my Trailing Stop Loss triggered, then I bought back the stocks at 2%-5% profit. This was great day for me.
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Old 05-06-2010, 08:30 PM   #38
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Re: Dow Death Watch
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You mean Greece is having financial problems because of all their social programs? No Way. Maybe they should call Canada and get some tips. Ops, Canada is having the same problems. I know maybe we should add these same social programs so we can join them. Then when we cannot afford another thing and the goverment has to finally cut back on these programs we can get mad riot and kill people who had nothing to do with it.
Most of the time your posts are biased and easily dismissed. This time you're dead on accurate.
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Old 05-06-2010, 09:16 PM   #39
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Re: Dow Death Watch
Germany is a socialist country with lots of social programs, I wonder why they haven't gone under. The Greek problem is two folds, decline in world wide shipping and tourism due to United States sub-prime crisis, and fraud on the part of the Greek government with the help of Goldman Sachs to mask their real debt.
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Old 05-06-2010, 10:39 PM   #40
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Re: Dow Death Watch
Wow, a typo?

The Associated Press: Wall St. rollercoaster: Stocks fall nearly 10 pct
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Old 05-06-2010, 10:44 PM   #41
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Re: Dow Death Watch
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Seriously. The whole thing stinks if you ask me. How does any trader not notice the "billion" instead of "million?" Wouldn't you proofread a trade of that size before you push enter?
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Old 05-06-2010, 10:45 PM   #42
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Re: Dow Death Watch
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Firstdown? Paging Firstdown
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Old 05-06-2010, 10:46 PM   #43
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Re: Dow Death Watch
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Whew, hopefully that's all it was.
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Old 05-06-2010, 10:47 PM   #44
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Re: Dow Death Watch
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Firstdown? Paging Firstdown
Funniest thing I've read on here in a few days. LOL. Thanks for that.
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Old 05-06-2010, 11:24 PM   #45
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Re: Dow Death Watch
Nasdaq Cancels Trades Made Over 20 Minute Period - WSJ.com

I just heard on the news that nasdaq is going to cancel trades made from 240-3pm that are:

"greater than or less than 60% away from the consolidated last print in that security at (2:40 p.m.) or immediately prior."

I dont exactly know what the means, or how they can even do something like that (legally and administratively). Apparently around 280 securities are effected? Tomorrow should be interesting. Did anyone see the cnbc clip where Cramer is being interviewed and they have Proctor and Gamble up on the screen and while their talking about it within about 45 secs the stock drops to 39 then back up to 60.
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