You may have found the 2008 a snap right back, and for real, but I lost a fair anount of money on that Lehman slide.
I was green today. Big difference. Enough to buy a car.
NYSE says Electronic Trading Black Box for plunge
- Thread starter Trendytrader
- Start date
You may have found the 2008 a snap right back, and for real, but I lost a fair anount of money on that Lehman slide.
I was green today. Big difference. Enough to buy a car.
Remarks, this is what it is. A poem nothing less. "It's that V-shaped drop where it came down and snaped back right back up". Sir, why dont you look at the drop in 2008: It was a V-shaped drop where it came down and snaped back right back up. Was is for real then?
Chearleader.
Sir i really doubt you have ever traded or made a market...And please dont bore me with your piss in your pants pairs trading...Its time for your mum to bring you some tea and crumpets before you go to bed and play with your willy.
Chearleader.
Sir i really doubt you have ever traded or made a market...And please dont bore me with your piss in your pants pairs trading...Its time for your mum to bring you some tea and crumpets before you go to bed and play with your willy.
Larry's mostly right, just a little bit slow getting it into print. I said about the same thing an hour earlier, here:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=198080&perpage=6&pagenumber=6
Said it hours earlier elsewhere, links on request.
He's wrong in saying there was no liquidity.
There was TONS of liquidity, more than we've seen for a long time, maybe ever.
Problem was, there was twenty tons of volume at the same time, so comparitively, there wasn't ENOUGH liquidity.
Computerized trading has its plusses and minuses, but today, we became aware of a new, major minus.
When a climate of unease prevails, and significant events related to the climate of unease occur, a computerized market can go to zero, then 100,000, then zero, then back to open, within nano-seconds.
I don't know how smart Obama's minions are, but if they realize what I knew hours ago, on this subject, and combine it with what is likely in Greece, Germany and GB tomorrow, our markets may open late, or not at all.
If Obama remains clueless, we stand into grave risk. Collapse is always possible, it's part of the game. Today we were shown what instant, accidental collapse might look like, a battered and bruised, but otherwise sound (for the moment), market, coming within a gnat's whisker of collapse, due to one strategically minor trigger, leveraged by massive hyper-connectivity.
I doubt it that black boxes are to blame.
There just weren't any buyers for a while.
There just weren't any buyers for a while.
+1
This is just another flavour of the public needing to "know" why the market went up or down on a given day. The volatility was to be expected at this point in the market - we have been weak and trickling down for several days now. The range was twice what could have been expected, however the over extension was bought back up in any case, so we close down 4% rather than 10% - the latter was never reasonable.
The curve down was the same reason as always - multiple levels of stops placed by late bulls (long above 1200, 2000, 11000 etc) and competitive liquidation with no serious professional buying in sight as they see no floor.
And you arguments to prove that it was otherwise are?