what happened to the dow?

[touchring]

i went to check, got a shock. down 900 pts, but by the time i finished typing this, it's only down 600+.

[Drewbert]

It took a reality pill, finally?

[touchring]

now it's -400, within 5 minutes, it went from -900 to -400.

is osama hacking the nyse computers?

[touchring]

never use sell limit , or is it buy limit?

[Drewbert]

Clusterfuck

http://www.ritholtz.com/blog/2010/05/europes-web-of-debt/

[rofsjan]

Clusterfuck

http://www.ritholtz.com/blog/2010/05/europes-web-of-debt/

nice one, Drewbert.

VIX Surges Most Since 2007 on Concern European Fiscal Crisis Is Worsening
Indexes down 3 percent after plunging
Gold hits 5-month high above $1200

http://1.bp.blogspot.com/_vIR9lEpVYYw/S-MhSTeStMI/AAAAAAAAMzI/mQm0sOz5VsE/s1600/areyoukidding.png

[Emil]

so someone "accidently" hit 39 handle bid on PG, big deal...hahaha...just the beginning before arrogant europeans finally get that they need to save thier weak union, before there will be none and Turks will be there to skoop it all up for pennies on the dollar

[chrisofmel]

like they always say about U.S. market. "sell in May and go away"

[chrisofmel]

A chief acolyte of the sell-in-May school is Jeff Hirsch, editor of the Stock Trader's Almanac. He has analyzed data from 1950 through 2008 and determined the following: In the years since then, the Dow Jones Industrial Average gained an average 7.3 percent for the November-through-April periods. Total returns during the May-through-October periods were barely positive, at 0.1 percent.

[g]

they said it may be a computer error, there is no enough justification for this sharp decline

that's why there was a rapid decreasing of the drop

all will be fine, but it will take some days for people to relieve from this shock :)

[Drewbert]

Flight from stocks to IDN ccTLD's obviously.

[IDNCowboy]

Flight from stocks to IDN ccTLD's obviously.

Don't forget Weblo.... ::sarcasm::

[rofsjan]

this guy was conducting a webinar about day trading when everything happened.
watch his reaction :)

http://www.youtube.com/watch?v=ppEJ8r7bQ2o

[Drewbert]

Heh heh.

[phio]

This guy predicted it: http://www.youtube.com/watch?v=tdxgWQWqsS4

Wow, he's pretty pissed at the banks and wall street. http://www.youtube.com/watch?v=bIWFp4RPemY

[Drewbert]

Drewbert's theory.

The market is being propped up by Govt Sachs and a few others.

Horrified that their bribes to Washington Politicians weren't killing the wallstreet reform bill, they took some politicians aside and whispered in their ears "watch what happens to the market tomorrow and rethink your position".

The following day, for a few minutes, they stopped propping up the market. You know the rest of the story.