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The "up-to-the-minute Market Data" thread

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posted on May, 6 2010 @ 05:30 PM
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Give me a break that this was due to an error on ONE STOCK that generated a ACROSS THE BOARD CRASH...

Give me a BREAK!

What about a limit on trades each banks can make in a day? So they'll stop manipulating the whole market all the time?

VIX VIX VIX... IMO it'll go to at least 60 tomorrow... back in october 2008, the vix reached a high of 89 if I remember well... the highest the VIX goes, the more screwed the stock market is.

EDIT: Webbot predicted A BIG EVENT ON MAY 6 that would lead us up to WORLD WAR 3 IN NOVEMBER... now I'm scared...

[edit on 6-5-2010 by Vitchilo]




posted on May, 6 2010 @ 05:32 PM
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The Vulcan Report

www.youtube.com...

An interesting report on the days events and that miraculous bounce.



posted on May, 6 2010 @ 05:35 PM
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reply to post by GreenBicMan
 



same for me, but I think dollar strength continuing into tomorrow with a on target or better than expected non farm number. Gold keeps on moving up too... so it's going to be ugly all over the place.

btw what did i miss on Cramer before the last commercial... Nasdaq breaking all trades during that time???



posted on May, 6 2010 @ 05:36 PM
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reply to post by Vitchilo
 


I referenced that crazy webbot when it was happening too, just got to wait and see what happens next..



posted on May, 6 2010 @ 05:40 PM
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Looks as if NASDAQ stock exchange will invoke rule disallowing some trades during freefall between 2:40-3 pm ET

www.nasdaqtrader.com...



posted on May, 6 2010 @ 05:41 PM
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reply to post by worldwatcher
 


Nasdaq to cancel trades 05/06 06:29 PM



NEW YORK (Reuters) - Nasdaq Operations said it will cancel all trades executed between 2:40 p.m. to 3 p.m. greater or less than 60 percent away from the consolidated last print in that security at 2:40 p.m or immediately prior.
Nasdaq said the stocks affected and break points will be disseminated soon.
(Reporting by Chuck Mikolajczak; Editing by Andrew Hay)


Not sure exactly what happens in futures markets or fx

Not getting my money back I already know that



posted on May, 6 2010 @ 05:44 PM
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reply to post by St Udio
 


You've got it all wrong, my friend.

Program trading is going to be the death of us all -- not just the fat cats on wallstreet.

We do need regulations. Maybe not necessarily "slower" markets -- but regulations that can stop systemic failures in the market.

We're lucky that this was a minor crash. The next one could be a major crash.



posted on May, 6 2010 @ 05:47 PM
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reply to post by Vitchilo
 



EDIT: Webbot predicted A BIG EVENT ON MAY 6 that would lead us up to WORLD WAR 3 IN NOVEMBER... now I'm scared...



come-on-man.... market volitility isn't the 'novelty' forecasted...

the mad-men investors will recoup this -347$ loss in a week at most,
considering that there is the entity operating with basically unlimited 'funds' which we call (euphamistically) the "Plunge Protection Team"





[edit on 6-5-2010 by St Udio]



posted on May, 6 2010 @ 05:49 PM
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They all got caught with their pants down and now it's a "You didn't see that" move


I doubt that will happen in FX unless they officially say those ticks down were all invalid and it never happened, then everybody has to reset... yeah I don't think you're getting your money back until you make it back yourself



posted on May, 6 2010 @ 05:50 PM
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reply to post by worldwatcher
 


What I don't understand is what happens to all the futures players? Because they are directly correlated with all other parts of the market. SP 500 Futures were down over 100 points for a second.

So.. do all those still count? I am still waiting on T&S



posted on May, 6 2010 @ 05:52 PM
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Originally posted by Kaytagg
reply to post by St Udio
 


We do need regulations. Maybe not necessarily "slower" markets -- but regulations that can stop systemic failures in the market.




ummmmm....

isn't that akin to Market Manipulation?

and - OF Course - Main Street will benefit more than Wall Street ...?


your 'heart' may be in the right place...
but the road to hell is paved with 'good intentions'



posted on May, 6 2010 @ 05:52 PM
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I would bet my bottom dollar that SEC people were watching porn again.


So yes they were LITERALLY caught with their pants down.


And yes AUTOMATIC SELLING WITH MILLIONS OF PORTFOLIOS MUST BE STOPPED.

Goddamn stock traders... LAZY BUNCH! They all want the computer to do all the work for them.



posted on May, 6 2010 @ 06:02 PM
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reply to post by GreenBicMan
 


not into futures myself..
but good question... let me know when you find out
though there might be congressional hearing before you get your answer



posted on May, 6 2010 @ 06:08 PM
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And so the denies begins : CITIGROUP denies a trading error crashed the market

Well guess what, computer financial algorithms crashed the market. Maybe you started it, maybe you didn't.... but even if you didn't ...

YOU CONTRIBUTED TO IT BECAUSE I'M SURE MOST OF THE ACCOUNTS YOU MANAGE ARE ON THOSE ALGORITHMS.



posted on May, 6 2010 @ 06:09 PM
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7:00 PM EDST... 'Kudlow' reports that a lot of Trading is/was Suspended for a period of time when the Merket volitility was extreme !!!


guess what high falootin' Firms with ElectronicTrading programs get bailed out !!!

its all a game, casino type... with the average betters locked out of any potential wins/gains... in favor of the continual high-rollers (deserving of comps') such as the likes of JPM, BankAmerika, GS... & the other 'blessed' financial firms disguised as 'common BANKS' (whatta crock!)



posted on May, 6 2010 @ 06:10 PM
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Originally posted by St Udio

Originally posted by Kaytagg
reply to post by St Udio
 


We do need regulations. Maybe not necessarily "slower" markets -- but regulations that can stop systemic failures in the market.




ummmmm....

isn't that akin to Market Manipulation?


Explain what you mean by market manipulation. I think I'm misunderstanding you.



posted on May, 6 2010 @ 06:15 PM
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Originally posted by Kaytagg

reply to post by St Udio
 


We do need regulations. Maybe not necessarily "slower" markets -- but regulations that can stop systemic failures in the market.




Look at the post directly above you reply to me.


The SEC and the NYSE /DOW are busy suspending actual trades (that lost money) for the big players that got caught in the electronic trading algorithims...!


Thats' market manipulation par excellance


ummmmm....

isn't that akin to Market Manipulation?



Explain what you mean by market manipulation. I think I'm misunderstanding you


[edit on 6-5-2010 by St Udio]



posted on May, 6 2010 @ 06:33 PM
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Im not buying this fat finger thing they are trying to say on CNBC.

Look at this chart..

It was in the works all along. You can see CLEARLY where Big Ben is sitting.

I think there is a chance we chase right back down to those levels of SP500 1080.

This is 5 MINUTE BARS ON SP 500 FUTURES

SO IT TOOK 15 MINUTES FOR THIS WHOLE MOVE TO OCCUR

This is much more than 1 far finger IMO

finviz.com...



posted on May, 6 2010 @ 06:33 PM
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reply to post by St Udio
 


Oh, I see

That's not all going to the retards who caused this problem (although, i'm betting that some of it will).

It's going to help a lot of people who got margin calls and had to liquidate.


This is why these program trades are so dangerous.. they can inadvertently manipulate the market, and in doing so, wipe out billions of investment dollars that were done on margin. Nothing wrong with margin, as long as the market doesn't move 10% to the downside in 4 minutes; when it does crash like that, the margins just make it worse -- selling which is forced, but shouldn't even take place in the first place as it isn't based on reality, but inadvertent market manipulation.



posted on May, 6 2010 @ 06:43 PM
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reply to post by St Udio
 


UPDATE: 7:35 pm edst


NYSE ARCA is the one that suspended maket trades
between 3:40 - 4:00...not the NYSE as was first stated by KUDLOW

on his high profile show.


i'm just trying to report... the PTB are the ones belching out semi-facts for the purpose of helping to assuage the masses...from flight &/or bank runs



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