Stock market collapsing will obama and the unions pay attention?

#53
#53
"The trouble is the exchanges aren't saying what caused the erroneous trade," said James Angel, a professor at Georgetown University's McDonough School of Business who specializes in market structure. "What they are saying is that it's not my fault, it was somebody else's fault."
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The fact that (at least as of earlier this morning) no one seems to know why the market dropped 600 points tells me that something is rotten in the state of Denmark
 
#55
#55
nickknx865 said:
Is it possible that this could be the Great Stock Market Crash of 2010?
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if it happens (and there were a lot of indicators similar to 1987) it will happen on monday or tuesday. depends what comes out over the weekend.
 
#56
#56
Velo Vol said:
The fact that (at least as of earlier this morning) no one seems to know why the market dropped 600 points tells me that something is rotten in the state of Denmark
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they know what happened. it's the blame game now.

essentially the NYSE stops came in and therefore that liquidity got taken away and the only way to trade was off the exchange. because of the lack of liquidity we saw ridiculous executions off the exchange. now the obvious questoin is why the hell the nasdaq was allowing trading in stocks the NYSE had halted. NYSE blames the nasdaq, nasdaq blames the NYSE. I'm on the NYSE's side here.
 
#58
#58
friday is rarely the day a huge drop comes since people generally don't like to make big bets going into a weekend (particurally a weekend with potential large news from europe). monday and tuesday will be very interesting. if the market is down 100+ on monday (on top of being down 100+ today), we could easily see a huge drop on tuesday.
 
#59
#59
droski said:
friday is rarely the day a huge drop comes since people generally don't like to make big bets going into a weekend (particurally a weekend with potential large news from europe). monday and tuesday will be very interesting. if the market is down 100+ on monday (on top of being down 100+ today), we could easily see a huge drop on tuesday.
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What is the large news from Europe you are referring to? Greece and Spain?
 
#60
#60
basically. we could continue to see unrest. the ECB has to do something more than lowering rates over the weekend. in this case doing nothing just by itself could cause a panic. all we have to see is what happened to the market during the russian debt crisis to see the significant risk here.
 
#61
#61
Droski, you should wear this to the office next week:

tshirt.bmp
 
#66
#66
droski said:
friday is rarely the day a huge drop comes since people generally don't like to make big bets going into a weekend (particurally a weekend with potential large news from europe). monday and tuesday will be very interesting. if the market is down 100+ on monday (on top of being down 100+ today), we could easily see a huge drop on tuesday.
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Did the developments in Europe over the weekend allay many of your concerns, or are you still looking for a rough week despite today's gains (up about 350 at the moment)?
 
#67
#67
personally i don't think this rally is sustainable, but this definetly puts my fears of a huge drop this week to rest. though there are rumors that the individual countries have to ratify this and that coudl be a potential problem. this doesn't really help the long term problems, but should be enough to stabilize europe temporarily.
 
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