I have never seen anything like this

Discussion in 'Trading' started by millydog, Oct 10, 2008.

  1. NY_HOOD

    NY_HOOD

    YOU CANNOT COMPARE this to the tech bubble. this makes the tech bubble look like childs play. this is like the 1929 crash.
     
    #11     Oct 10, 2008
  2. NO, not even close......this is a banking/credit/derivatives system lead failure like NO ONE in our current generation has ever seen.
     
    #12     Oct 10, 2008
  3. Well....good luck with that! :D
     
    #13     Oct 10, 2008
  4. Holy crap down 600 in ten minutes. DOW now below 8k.
     
    #14     Oct 10, 2008
  5. I don't recall it happening this fast.
     
    #15     Oct 10, 2008
  6. 01/02 was no where need this fast and severe.


    What we are seeig now is a complete defeat with stocks everyone is throwing in the towel....

    Near the bottom.... you'd think so but like we keep saying we haven't lived through his before..
     
    #16     Oct 10, 2008
  7. I'm not big enough to trade this!:confused:
     
    #17     Oct 10, 2008
  8. NY_HOOD

    NY_HOOD

    guys,this is just dangerous. forget about never seeing this before,i don't think anyone could have dreamed up a scenerio so dire. this is just beyond the realm of conception.
     
    #18     Oct 10, 2008
  9. was that the bottom?

    Down massively but many stocks are green now?
     
    #19     Oct 10, 2008
  10. achilles28

    achilles28

    Why didn't the circuit breakers get hit?

    DOW opened at 9261 and the low was 7888 8 mins after the open.

    Thats 1373 loss.

    Breakers are supposed to kick in at 1,110 point loss, according to :

    http://www.nyse.com/press/circuit_breakers.html
     
    #20     Oct 10, 2008