ST Alpha - "The Dow dropped 500 points in 5 minutes, but has bounced back a bit." (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 164

The Dow dropped 500 points in 5 minutes, but has bounced back a bit.

Posted by not2fast May 6 '10, 12:12

According to the link, it is mostly due to breaking "technical levels" which basically means computers have been doing most of the trading automatically.

http://finance.yahoo.com/marketupdate/overview (finance.yahoo.com)

Responses:

just over 1,000 points of swing for the day. Gonna be an interesting Friday.... -- nm - scorpion May 6, 12:19
A bunch of pre-set trades were triggered all at once? -- nm - TWuG May 6, 12:13 1
- I would guess more of a cascade affect. One sale pushes the price down more and triggers another. -- nm - not2fast May 6, 12:15
goddamn Greeks. -- nm - decline May 6, 12:13 15
- [deleted]
- I recognize the interdependence of economies and such, but it's hard for me to believe that major economic problems in Greece will sabotage the entire - pmb May 6, 12:15 11
  - One thought that came to my mind - what country would look at Greece and then decide to pass austerity measures of its own? -- nm - Roger More May 6, 12:20
  - Greece in and of itself is not that big a deal. Serious if they declare bankrupcy, but not globally crippling. The real problem is the Euro - decline May 6, 12:19 1
    - I haven't studied the issue thoroughly, but my gut tells me this is an overreaction. - pmb May 6, 12:23
  - Greece is a Euro nation -- nm - SuperRustyMan II May 6, 12:18 5
    - It amazes me the Euro is as strong as it is when the underlying economies are so disparate. - TWuG May 6, 12:22 1
      - well if you asked me when they started this proces and if you ask me now my answer is the same - SuperRustyMan II May 6, 12:23
    - I understand that, but it's not the major driver of the Euro economy. -- nm - pmb May 6, 12:19 2
      - dont matter you can't devaluate and you can't put yourself in massive debt - SuperRustyMan II May 6, 12:22
      - ha, if not Greece, then who is...Germany? France? don't make me laugh - crash davis May 6, 12:20
  - It's the PIGS economic principle. If Greece goes, it puts Portugal, Spain, and Italy at higher risk ... if they go, then the shit hits the fan. -- nm - Beryllium May 6, 12:16 1
    - + Ireland -- nm - SuperRustyMan II May 6, 12:17
- Tell me that isn't open to manipulation by nefarious forces? - TWuG May 6, 12:14
- hald the blaime is to the indians - SuperRustyMan II May 6, 12:13

Post a message top

The Dow dropped 500 points in 5 minutes, but has bounced back a bit.

Replies are disabled on threads older than 7 days.