Dow is crashing

reply to post by worldwatcher


Probably so, an unfortunate catch 22.

2nd line.

What really happened was all electronic for the most part. If the trades are found to be good the orders stand. If not then yes other orders will not be honored. Unfortunately it's the little guy that panics and sells that looses.

Another point brought up is that the average trader cannot compete or even hope to have a lvl playing field with the electronic houses. While that is fine, it's a game for the pros, it still undermines confidence in the markets and what they represent...stability, reliability, and a place for peoples money. A run on the markets is no better than a run on the banks if not worse.

reply to post by DaMod


you probably could have made money during the crash of 2:45, but I don't think it would have been quite as straight forward as buying low/selling high. The markets were down 999 points for a very very short period of time, as well.

Oh geez this is not the place for obvious bs. For a place that dwells in free-thinking and new ideas this is a new low. Who cares if the numbers go up or down. That's not in anyway important to our immediate lives. Yeah the numbers dictate other important instances but if your still Ali e when it all goes to # then the numbers meant #. Meaning all this up n down is meaningless unless your a predator. God it's so easy to see how openly corrupt ATS is. Just beyond filled with idiots of control. Complete idiots. Next time create a thread on the price of gasand how it's related to present environmental disasters that's it. You are all dead headed and worth nothing to society

Jim Cramer is saving the market by misinforming Americans about finances, one episode at a time

Originally posted by Onasty
Oh geez this is not the place for obvious bs. For a place that dwells in free-thinking and new ideas this is a new low. Who cares if the numbers go up or down. That's not in anyway important to our immediate lives. Yeah the numbers dictate other important instances but if your still Ali e when it all goes to # then the numbers meant #. Meaning all this up n down is meaningless unless your a predator. God it's so easy to see how openly corrupt ATS is. Just beyond filled with idiots of control. Complete idiots. Next time create a thread on the price of gasand how it's related to present environmental disasters that's it. You are all dead headed and worth nothing to society

Erm, generalise much? UK Baby, don't put me in a fooked up category your mind has decided. Please...

reply to post by Kaytagg


You either had to be really fast or really lucky. Most people trying to buy when it was down more than 500 points couldn't even get a fill on a market order.

I was lucky as I had a limit order from long ago for IJR @ $50.70. It got filled and closed at $59.62. Also put in some market orders where the fill price didn't come back until after market close. The fill prices were fairly lousy. I would bitch at the broker but don't want the IJR trade to be canceled.

It is an abomination that the markets could trade like they did today. Is anyone ever going to do anything about it? I hope so or it will continue like this until the bad guys have every dollar.

All NASDAQ trades below 60% during those volatile seconds are going to be cancelled, and the orders will not be filled.

My biggest fear is that when the dust settles over this event, we will see that this was sparked by an alleged 'cyber attack' of some kind. Real or not, this will be used to heighten the debate of internet security. After all, there's a new bill being passed around that cites the internet's potential dangers and therefore we can expect to see some sort of event that triggers the msm into a frenzy. This is how things appear to operate. Of course, this may be just one of several swift chaos moments that are technology based.

This is a digital false flag. I can feel it.

The BBC's article on it claims it happened over concerns regarding the Greek situation;

US markets plunge on continuing Greek debt concerns

[edit on 6-5-2010 by FermiFlux]

Yep that was one of the spins put on it. I sat here with my son at the PC at first seeing it was @ -250 pts on the DJIA. The we saw it hit 350. I had him put on MSNBC and it went to -988 pts inside of 15 minutes. This Greek issue has been around for a while and the riots in today's markets are old news. Some big fast moves caused this and like 911 someone had some good future trades make them some serious money.

THE SKY IS FALLING!! THE SKY IS FALLING!!!!

Oh wait.... Damn computers...

247 Wall St.

edit to fix link...


[edit on 6-5-2010 by Anamnesis]

If you want a conspiracy twist on this, I would say that somebody somewhere figured out the algorithms of the highest volume program trading funds out there, then figured out which stocks the algorithms reacted strongest to, and what kind of a move in the price it would take to cause these algorithms to start a chain-reaction of cascade selling.

Then this person/group rigged the stock price for certain equity groups, which fooled the program trading software into thinking it was time to start dumping funds. Once some program trading software were fooled, the illusion became a reality on the market, and eventually all program trading software joined in on the selling frenzy.


Probably not true, but it's fun to imagine

someone did that. they profited big time of that, everyone selling at once, just a huge transfer of wealth right there.

I would take your theory as the closest so far, Kaytagg. I know ZERO about "investments" & wouldn't touch it with a 10 foot pole, but considering the kabuki "inquiries" in Goldman, etc, I would not be surprised if this were a warning (from them) to lay off, a hacker (pro, con, or disgruntled/ screwed by). Nothing would surprise me now. Imo, smart people keep their money where they can get their hands on it. Those who want to play fast & loose will do just as well at a casino or Las Vegas (& have fun in the bargain). :shrug: or maybe they have $$ to burn & it's recreation.

Has anyone posted here on ATS about quants?

What's funny is that in the early afternoon I bought a bunch of bear etfs to hedge what was turning into an ugly day. Then, a couple of hours later it was looking like I was a freakin genius until reality hit and the markets recovered somewhat.

What is scary though is that the markets are prescient to some extent. They often foretell trouble. For example the markets were already going down rather strongly prior to 911.

A lot of money changed hands today. Is it even possible for the public to track who came out a winner and who the losers were?

Just heard that there was an error and the fluctuation resulted in someone inputting a 'B' (billion) instead of an 'M'(million that it should have been.

Really torok? you think they take decisions like that lightly?

Audit the fed hearings were today.

This was the banksters reminding Congress and the Senate who they work for.

"You audit us and we drop the market faster than WTC7."