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-   -   Stock Market drops 1000 points (https://gfy.com/showthread.php?t=967195)

crockett 05-06-2010 06:20 PM
People need to learn that they haven't lost or gained anything, until they sell. Claiming you are up or down while still holding is pointless.

Bman 05-06-2010 06:33 PM
P and G triggered it? CNBC saying it could be an electronic error and then sell triggers started getting tripped.

Crazy if it was a software glitch.
Nasdaq is cancelling the trades on P & G made during those 30 minutes so looks like it was something of an error.

Not good though in this economic climate where traders try to swing stuff like Greece to make money...

GatorB 05-06-2010 07:11 PM
Quote:
Originally Posted by romeo22 (Post 17114318)
Bad times..its same here in my country.Cant say whats gonna happen tommorow.looks like market will drop again.
it was error that caused it moron. have a nice fucking day.

gabe100 05-06-2010 07:29 PM
At one point P&G was down 37% but it was still only responsible for 172 of the 998 points that the dow was down.

Crazy hour indeed. History was made today as well. 998 points is the biggest intraday loss in history.

mikeyddddd 05-06-2010 07:41 PM

Socks 05-06-2010 07:51 PM
http://www.google.com/finance?chdnp=...JX:.DJI&ntsp=0

SomeCreep 05-06-2010 08:06 PM
Quote:
Originally Posted by mikeyddddd (Post 17116211)
:1orglaugh

Joshua G 05-06-2010 08:08 PM
Perfect day to illustrate what a fraud market valuations are. Thousand point drop on a computer glitch. LOL:2 cents:

Slappin Fish 05-06-2010 10:54 PM
Quote:
Originally Posted by crockett (Post 17115938)
People need to learn that they haven't lost or gained anything, until they sell. Claiming you are up or down while still holding is pointless.
:2 cents:

Exactly, it doesn't mean shit unless you are day trading or over leveraged.

Like when buying in Feb last year while it was still tanking, on paper losing money in reality getting deals of a lifetime.

DatingGold 05-06-2010 11:12 PM
Quote:
Originally Posted by qwe (Post 17114524)
tell that to people who bought shares 1-2 years ago at 14-15000 dow level, they are still down huge... markets look 6 months ahead and they're down for a reason, what if greece defaults then italy, spain, portugal, bunch of other small countries... sure, it can be a good opportunety to buy, but it also can be a dissaster in a making...
Yeah but if they know anything about investing and they continued to invest at near the same levels they would have recovered those losses through the crazy gains in the past 14 months.

DatingGold 05-06-2010 11:13 PM
Buy buy buy

LoveSandra 05-07-2010 12:45 AM
Quote:
Originally Posted by slayer69 (Post 17114616)
tomorrow is another day..
:2 cents::thumbsup:thumbsup:thumbsup:thumbsup:thumbsu p

Nicky 05-07-2010 04:00 AM
I'm pretty sure we will see a gain today.

Forest 05-07-2010 06:38 AM
Quote:
Originally Posted by DatingGold (Post 17116576)
Buy buy buy
i am this am.

got into rfmd and f this am

RadicalSights 05-07-2010 07:03 AM
It's because of those lazy Greeks

Ethersync 05-07-2010 07:46 AM
Crashing again out the gate.


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