5/6/2010

12 Responses to “Stock Market Tanks, Then Partially Recovers”

1. DRJ, you need to keep up.
   I was posting on this in the “Why Legislative Interpretation….” comment stream in real time.
   And, it bottomed at a loss of only 997!!!
   Up & Down in less than an hour….there are a lot of nervous traders, and it took just a typo to set them off.
   Dow…-600 in the last three days.

   AD - RtR/OS! (59c61c) — 5/6/2010 @ 6:00 pm

   
   

2. Booosh u bastard!

   HeavenSent (a9126d) — 5/6/2010 @ 6:40 pm

   
   

3. It was exhilirating! We need a correction. I’d gladly bid $40 for PG, but it looks like a lot of juicy trades are getting cancelled. 🙁

   gp (14ea9b) — 5/6/2010 @ 6:43 pm

   
   

4. A convenient mistake for someone. Isn’t it rare to have so many NYSE stock trades cancelled?

   DRJ (d43dcd) — 5/6/2010 @ 7:40 pm

   
   

5. DRJ, even if this was just a typo and a clever investory taking advantage, it’s easy to see how someone could make a quick billion by paying the right person to make an error.

   I guess the real point is that things are just so touchy right now that it takes a lot less to send stocks tumbling. Everyone is trading on everyone else’s confidence in our economy, which is bolstered by BS right now. As soon as someone suspects everyone else is going to notice and sell off, they try to sell off first.

   Things are just too perilous. It’s a much more advanced case of the emperor not wearing any clothes.

   Dustin (b54cdc) — 5/6/2010 @ 8:01 pm

   
   

6. A lot of those trades were automatic, computer-generated activity sparked by the mis-trade in P&G, and that is the basis for un-winding them. Think of it as a horse-race where most of the field is knocked out, and the track refunds all tickets on that race.

   AD - RtR/OS! (59c61c) — 5/7/2010 @ 12:29 am

   
   

7. Never ever trusted a bunch of BP med poppin people screamin on a floor as being the end all of all of our labors in the corporate world

   EricPWJohnson (554c4e) — 5/7/2010 @ 2:28 am

   
   

8. it is good to invest in the stock market but you must be very careful and not speculate on rising stocks.,~`

   Finley Mitchell (1ccc4e) — 8/1/2010 @ 11:19 am

   
   

9. Investing in the stock market now is like playing liar’s poker. There is very little chance of anything but very short term success. We are in the end of a bear market rally. Trading in this sort of market is a good way to get scalped.

   Mike K (0ef8c3) — 8/1/2010 @ 12:09 pm

   
   

10. oh i love to invest on the stock market but it is really risky these days”-`

    Eric Patterson (8acceb) — 9/28/2010 @ 12:38 am

    
    

11. patterico

    you should consider closing comments after a certain time on a given post. it might cut down on spam, like the last comment.

    Aaron Worthing (e7d72e) — 10/13/2010 @ 1:21 pm

    
    

12. LOL, Aaron was about to call his broker!

    Dustin (b54cdc) — 10/13/2010 @ 1:29 pm