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Old 05-06-2010, 08:20 PM   #151
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So, anyone follow the strange Dow Jones movements today?
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Old 05-06-2010, 09:09 PM   #152
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revenge of the machines
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Old 05-06-2010, 11:05 PM   #153
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Frankly I'm a little baffled they didn't suspend trading for a short while, especially if there were technical glitches.
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Old 05-06-2010, 11:51 PM   #154
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The markets were heading down before the "goof" - I'm expecting more down days ahead (perhaps a good rebound tomorrow, then more selling in the weeks ahead)
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Old 05-07-2010, 09:31 AM   #155
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All I know is that there are buying opportunities today.
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Old 05-07-2010, 10:16 AM   #156
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Frankly I'm a little baffled they didn't suspend trading for a short while, especially if there were technical glitches.
Some online brokers suspended trading of the suspect stocks. Some of them are automated triggers that are designed to curb activities during extreme volatile market environment. NYSE also regulated the trading of the stocks in question after noticing the abnormal activity. That's why the market was able to bounce back again before closing.
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Old 05-07-2010, 10:43 AM   #157
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I thought Yahoo Finance was screwed up at one point. One of my ETF's looked like it was going absolutely haywire.
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Old 05-07-2010, 10:58 AM   #158
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All I know is that there are buying opportunities today.
Smart guy.

It should be no surprise that when investors invest in countries that may not be able to pay you back that a panic will ensue in the near future.
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Old 05-07-2010, 03:02 PM   #159
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The markets were heading down before the "goof" - I'm expecting more down days ahead (perhaps a good rebound tomorrow, then more selling in the weeks ahead)
it seems these (honest) mistakes can game the market

a smaller mistake might have gone unnoticed


but when we have some entities trading huge and with derivative? accounts,
known market swings will have huge returns
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Old 05-07-2010, 05:05 PM   #160
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it seems these (honest) mistakes can game the market

a smaller mistake might have gone unnoticed
We still don't have the full explanation on what happened. An honest mistake, a bad glitch, whatever. But the underlying anxiety was already out there. I think that was also a facilitator. Once I saw an unexplained spike on a stock price at one point in the day. With amateur traders out there in their homes doing their own trading, things like this are bound to happen. Of coruse, I'm not saying this big glitch that happened Thursday was the work of amateur traders...

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but when we have some entities trading huge and with derivative? accounts,
known market swings will have huge returns
The trick there is to know when it's just a swing versus a dive.

Like the whole Euro region right now is shaky. But why? Only Greece is expected to default on loans. Okay maybe there are a few other countries as well. But should we stop investing in the whole Euro region? Currency might be down right now, but the bottom line (if you're only considering stocks, not bonds or any other type of investments out there) should still be whether the company is solid in their cash flow and debt standing. There are a few good companies taking a hit right now because of the market panic. Once the emotions have settled down, it's back to the balance sheet fundamentals. They'll bounce back.
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Old 05-07-2010, 06:28 PM   #161
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Are the OPEC members king-makers right now (aren't they always?) given that they could throw a wrench in things and switch oil trading into Euros from USDs? Not that they would, but would that almost instantly fix Europe?
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Old 05-08-2010, 01:01 PM   #162
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I don't want this market to crash for one primary reason: the Canadian dollar appreciates against the USD every time the markets go up and depreciates every time it goes down. As I still have to send a lot of money back home to pay off debts, it's equivalent to a pay cut.
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Old 05-08-2010, 07:03 PM   #163
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Are the OPEC members king-makers right now (aren't they always?) given that they could throw a wrench in things and switch oil trading into Euros from USDs? Not that they would, but would that almost instantly fix Europe?
No. This is a common misapprehension. It makes no difference what currency oil is traded in.
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Old 05-08-2010, 07:03 PM   #164
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Rumours now that the ECB is going to bail out 1,100 banks.
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Old 05-08-2010, 07:10 PM   #165
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No. This is a common misapprehension. It makes no difference what currency oil is traded in.
Good. I'll place my economic apprehension elsewhere.
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