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BREAKING US markets tanking - S&P 500 & Nasdaq down >7%
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Okay that's enough laughing in the face of adversity for the time being. This is serious. I'm going down the bunker now and expect to be there for some time. I'll see you all (that is if any of you have survived) when it's all over. Good luck. Over and Out.0
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FTSE is down 200 points on Futures.
Bond markets re-open at 01:00 for the election trading special. Its all been pre-organised. It could be complete and utter carnage, or it may be fine. The risk of the former however, has risen significantly.0 -
FTSE is down 200 points on Futures.
Bond markets re-open at 01:00 for the election trading special. Its all been pre-organised. It could be complete and utter carnage, or it may be fine. The risk of the former however, has risen significantly.
It will be if there is so much of a whiff that Clown gets to hold onto power via the Lib Dems.0 -
>Bond markets re-open at 01:00 for the election trading special<
Who authorised this? Could only have been Clown, completing his final act of scorching the earth for the incoming administration. I do hope Merv at the BoE takes them to the cleaners, esp. if he can take a few £M off Goldman0 -
FTSE is down 200 points on Futures.
Even if it falls 200 points tomorrow it will still be around 44% higher than it was back in March, 2009.There is a pleasure in the pathless woods, There is a rapture on the lonely shore, There is society, where none intrudes, By the deep sea, and music in its roar: I love not man the less, but Nature more...0 -
Taleb will be clearing up tonight. He only buys cheap bonds with massive deviations from the norm. They wont be looking too cheap tonight!0
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Doctor_Gloom wrote: »This is no time for jest. It's time Ladies and Gentlemen to retire to one's bunker until the state of emergency is officially over.
Sensibly I've stockpiled 18 months' supplies of food and fuel, so who's laughing now.
I'll be round shortly with a box of matches. That should bring the boom times back.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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Update on this: the very steep sell-off started at 2:39 (EST) and the Dow was already down >600 when the P&G trade hit at 2:46. A fat finger glitch or dodgy black box algorithm may have been contributory but it certainly wasn't the major reason we saw a heavy sell off imho.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."The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
Update on this: the very steep sell-off started at 2:39 (EST) and the Dow was already down >600 when the P&G trade hit at 2:46. A fat finger glitch or dodgy black box algorithm may have been contributory but it certainly wasn't the major reason we saw a heavy sell off imho.
If they have such slack safeguards, then this sort this thing would happen all the time.
I'm a good typost fut i ogfen git fet finhers.Politics is not the art of the possible. It consists of choosing between the disastrous and the unpalatable. J. K. Galbraith0 -
worldtraveller wrote: »Even if it falls 200 points tomorrow it will still be around 44% higher than it was back in March, 2009.
Tommorrow it will. Who knows what the future holds?
House Price Crash has just melted with the demand! :rotfl::eek:0
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