Dow Death Watch

[Schneed10]

All driven by fears over Greece. If we're not careful it could happen to us.

[firstdown]

Originally Posted by Schneed10

All driven by fears over Greece. If we're not careful it could happen to us.

You mean Greece is having financial problems because of all their social programs? No Way. Maybe they should call Canada and get some tips. Ops, Canada is having the same problems. I know maybe we should add these same social programs so we can join them. Then when we cannot afford another thing and the goverment has to finally cut back on these programs we can get mad riot and kill people who had nothing to do with it.

[Schneed10]

Originally Posted by firstdown

You mean Greece is having financial problems because of all their social programs? No Way. Maybe they should call Canada and get some tips. Ops, Canada is having the same problems. I know maybe we should add these same social programs so we can join them. Then when we cannot afford another thing and the goverment has to finally cut back on these programs we can get mad riot and kill people who had nothing to do with it.

Most of the time your posts are biased and easily dismissed. This time you're dead on accurate.

[MTK]

Hopefully just a correction

[mlmpetert]

Definitly a crazy day. This was insane with p&g, hopefully none of you had a stop loss on it.


UPDATE: Unexpected Drop Prompts P&G To Probe Erroneous Trades - WSJ.com

[mlmpetert]

heres a graph of how dramatic it was:
Procter & Gamble: Something Strange Was Going On - MarketBeat - WSJ

[mlmpetert]

heres a graph of how dramatic it was

Procter & Gamble: Something Strange Was Going On - MarketBeat - WSJ

[saden1]

All my Trailing Stop Loss triggered, then I bought back the stocks at 2%-5% profit. This was great day for me.

[saden1]

Germany is a socialist country with lots of social programs, I wonder why they haven't gone under. The Greek problem is two folds, decline in world wide shipping and tourism due to United States sub-prime crisis, and fraud on the part of the Greek government with the help of Goldman Sachs to mask their real debt.

[Schneed10]

Originally Posted by saden1

Germany is a socialist country with lots of social programs, I wonder why they haven't gone under. The Greek problem is two folds, decline in world wide shipping and tourism due to United States sub-prime crisis, and fraud on the part of the Greek government with the help of Goldman Sachs to mask their real debt.

The German economy isn't a great one to compare with, it's a force and can support a hefty government budget because it derives so much of its GDP from exports. It's a central and critical transportation hub for traveling throughout Europe. And its citizens are highly educated and specialized, something Greece and Canada don't quite match up against.

You're right about Greece's problems and how they got into the mess to begin with. But their government's spending was unsustainable given their economy. The broader economic crisis did kill their shipping and tourism industries, which represent such a large chunk of what they need. While Germany has been able to weather the storm because of the mere size and diversity of their economy, Greece got crushed, and couldn't sustain a government of that size.

In the case of the United States, we're running a bigger deficit (as a % of GDP) than Germany is. We're not at the Greek level by any means, but nations can't continue heading down that road, or the piper ends up getting paid a lot more later than it would take to pay him off today.

[MTK]

Wow, a typo?

The Associated Press: Wall St. rollercoaster: Stocks fall nearly 10 pct

[GMScud]

Originally Posted by Mattyk

Wow, a typo?

The Associated Press: Wall St. rollercoaster: Stocks fall nearly 10 pct

Seriously. The whole thing stinks if you ask me. How does any trader not notice the "billion" instead of "million?" Wouldn't you proofread a trade of that size before you push enter?

[SmootSmack]

Originally Posted by Mattyk

Wow, a typo?

The Associated Press: Wall St. rollercoaster: Stocks fall nearly 10 pct

Firstdown? Paging Firstdown

[GMScud]

Originally Posted by SmootSmack

Firstdown? Paging Firstdown

Funniest thing I've read on here in a few days. LOL. Thanks for that.

[mlmpetert]

Nasdaq Cancels Trades Made Over 20 Minute Period - WSJ.com

I just heard on the news that nasdaq is going to cancel trades made from 240-3pm that are:

"greater than or less than 60% away from the consolidated last print in that security at (2:40 p.m.) or immediately prior."

I dont exactly know what the means, or how they can even do something like that (legally and administratively). Apparently around 280 securities are effected? Tomorrow should be interesting. Did anyone see the cnbc clip where Cramer is being interviewed and they have Proctor and Gamble up on the screen and while their talking about it within about 45 secs the stock drops to 39 then back up to 60.