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BREAKING US markets tanking - S&P 500 & Nasdaq down >7%

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Comments

  • tomterm8
    tomterm8 Posts: 5,892 Forumite
    Part of the Furniture Combo Breaker
    According to FT alphaville, rumours are someone pressed the wrong button in Procter & Gamble... taking the price down 30%... and kicking the automated selling machines into action.

    Ya couldn't make it up.

    Someones gonna lose their bonus this christmas.
    “The ideas of debtor and creditor as to what constitutes a good time never coincide.”
    ― P.G. Wodehouse, Love Among the Chickens
  • Exocet
    Exocet Posts: 744 Forumite
    I'm still fifteen minutes behind so anything could have happened, but right this minute that graph does look like a dead cat bounce, if of course they could bounce. I can sadly confim that they don't cushion an impact very well either.
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    tomterm8 wrote: »
    According to FT alphaville, rumours are someone pressed the wrong button and sold Procter & Gamble... taking the price down 30%... and kicking the automated selling machines into action.

    I don't know whether I find that interesting, amusing, confusing or just downright f*cking scary.

    Probably the latter.
  • Oil_Shock
    Oil_Shock Posts: 26 Forumite
    carolt wrote: »
    Just in time for the election.

    Just what a new PM wants to greet them on their first day at work - a bloody massive economic crisis. :eek:

    Let us all pray that George Osborne is indisposed - or that we get a hung parliament and Vince.


    The bottom line is, the economic crisis was never over, how many times have I said that it was all fake, masked by reducing IR's and encouraging even more debt..... all we have done in the last 12 months is make the inevitable outcome worse.

    Too many heads in the sand I'm afraid, where is Conrad when you need him, I'm sure we can cure all this with a bit of 'human spirit'.:cool:
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Oil_Shock wrote: »
    The bottom line is, the economic crisis was never over, how many times have I said that it was all fake, masked by reducing IR's and encouraging even more debt..... all we have done in the last 12 months is make the inevitable outcome worse.

    I've heard that there could possibly be an oil shortage over the next few years too, which certainly won't help.
  • purch
    purch Posts: 9,865 Forumite
    I think they've just started to realise that Greece is a country, not a movie :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Oil_Shock
    Oil_Shock Posts: 26 Forumite
    edited 6 May 2010 at 8:25PM
    Cleaver wrote: »
    I've heard that there could possibly be an oil shortage over the next few years too, which certainly won't help.

    Is that right ? , where have you heard that one mate.:D

    Just to edit Cleaver, I still see your probably the most liked poster here, over 4 thanks per post on average.... godly.;)
  • 1984ReturnsForReal_2
    1984ReturnsForReal_2 Posts: 15,431 Forumite
    Oil_Shock wrote: »
    Is that right ? , where have you heard that one mate.:D


    They just found a couple of months worth at the Falklands...
    Not Again
  • mbga9pgf
    mbga9pgf Posts: 3,224 Forumite
    FTSE100 is currently at 5087 on futures...

    THIS IS NOT ISOLATED TO THE USA!
  • PhylPho
    PhylPho Posts: 1,443 Forumite
    Part of the Furniture 1,000 Posts
    purch wrote: »
    I think they've just started to realise that Greece is a country, not a movie :eek:

    They've also realised that Athens isn't a bunch of High Street shops any more selling over-priced posters of James Dean.

    What I've always admired about the market is its collective intelligence.

    Anyway. We're all doomed and tomorrow the UK is up for sale on eBay.
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