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Expect more over the coming months and years. Market manipulation is running rampant so expect extreme volatility with more suicide attacks. The 1000 point drop in minutes was just the tip of the iceberg. I called a draw back in the stock market but wasn't expecting it that fast.
The 1000 point drop in minutes was just the tip of the iceberg.
The 1000 point drop in the market was (and I believe is the reason) is that a trader erroneously tried to sell an exorbitant number of stocks of Proctor and Gamble (somewhere in the billions) and the "electronic" system that processed the trades continued to re-adjust the price based on the sale volume, until it dropped so low over a period of 15 - 20 minutes that a human eye finally caught note of it and stopped / corrected the issue. P&G is considered to be a stable stock (similar to your utilities) that isn't "traded" on a daily basis and they don't have stocks in the open market in that volume. SEC is investigating the error and so far Citibank has said it wasn't them.
Jib says:
he isnt worth the water that splashes up into your asshole while you're shitting
Originally posted by ace_dl
Guys and Gals, I have to hurry/leaving for short-term vacations.
I won't be back until next Tuesday, so if Get Carter is the correct answer, I would appreciate of someone else posts a new cap for me
Expect more over the coming months and years. Market manipulation is running rampant so expect extreme volatility with more suicide attacks. The 1000 point drop in minutes was just the tip of the iceberg. I called a draw back in the stock market but wasn't expecting it that fast.
SDR's are the future of money. This is certain
this is rich! really? you guessed that the stock market would fluctuate? wow, you're a regular fuckin Nostradamus lol
you're arm must be awfully tired from patting yourself on the back
The SEC has already said they've canceled like 200-300 trades that happened in that 20 minute period that either capitalized on or were involved with that incident. Probably a human typo plus millisecond automatic trading based on stop losses and all of that other jargon. Also not really that big of a 'terrorist incident' the dow was down 350 at the end of the day.
You all wish I was wrong. Max Keiser explained it great. With the high frequency trading all the rich have to do is drop a stock 3% and then the day traders will sell it like a bandit.
We are living in a new age where the terrorists aren't muslim radicals but white rich stock brokers who can hold the market at gun point if they want to.
PS If you actually believe that this was some glitch in the system there is no hope for you. Just go back to sleep until you wake up broke.
Funny this is another problem where things get foggy.. America is yet again last to recognize that there is a war going on like WW2, except this is a financial war. Signs to backup my theory - Thailand, Ireland and soon to be Spain are already rioting in the streets.
You all wish I was wrong. Max Keiser explained it great. With the high frequency trading all the rich have to do is drop a stock 3% and then the day traders will sell it like a bandit.
Maybe it should be repeated since it keeps getting glossed over: All of the trades during the 20 minute period where you think someone could have made 1 billion dollars buying P&G and other stocks at $0.01 a share were canceled. Any trades made during that time on any stock significantly more or less than their value at 2:40pm were canceled without appeal by the FTC.
The 1000 point drop in the market was (and I believe is the reason) is that a trader erroneously tried to sell an exorbitant number of stocks of Proctor and Gamble (somewhere in the billions) and the "electronic" system that processed the trades continued to re-adjust the price based on the sale volume, until it dropped so low over a period of 15 - 20 minutes that a human eye finally caught note of it and stopped / corrected the issue. P&G is considered to be a stable stock (similar to your utilities) that isn't "traded" on a daily basis and they don't have stocks in the open market in that volume. SEC is investigating the error and so far Citibank has said it wasn't them.
bullshit. that's what's want to be believed and someone will take the fall. Allegedly a futures fund is fingered, but their trade just may have been at the point on the way down that REALLY triggered things. (IOW, the downfall was natural and to be expected; maybe not 1000 but probably in the 3-400 range)
It's a correlated string that caught up with each other. (how does someone type in a 'b' over a 'm' when they are 2 KEYS APART)
FM
"Nowadays everyone is a fucking DJ." - Jack Dangers
What record did you loose your virginity to?
"I don't like having sex with music on- I find it distracting. And if it's a mix cd- forget it. I'm stopping to check the beat mixing in between tracks." - Tom Stephan
^that kind of typo is easy when you are busy and doing trades and hear billions/millions etc, not so much as an actual typo but probably thinking the wrong thing at the time possibly.
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