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Hahahahahahahahahahahaha.....
HAMISH_MCTAVISH
Posts: 28,592 Forumite
In one of the most dizzying half-hours in stock market history, the Dow plunged nearly 1,000 points before paring those losses—all apparently due to a trader error.
According to multiple sources, a trader entered a "b" for billion instead of an "m" for million in a trade involving Procter & Gamble [PG 60.75-1.41 (-2.27%)
] , a component in the Dow. (CNBC's Jim Cramer noted suspicious price movement in P&G stock on air during the height of the market selloff. Watch.)
Oh dear god, the bears on every site around have been thwapping themselves into a self gratifIcation frenzy over the Dow plunge.....
AND IT WAS A TYPO!!!!!!!!!!!!!!!
:rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”
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Thank goodness it was a typo!0
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US markets plunge on continuing Greek debt concerns
At one point the Dow Jones was down by more than 9%, its worst fall since 1987, before starting to recover.
At close in New York the Dow Jones was down about 3.20%, the S&P down 3.24%, and Nasdaq 3.44%.
So it's time for everyone to don their tin foil hats and retreat to their bunkers. It's the only sane thing to do.
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Shame they didn't find that out while your y-fronts were still white.0
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It's just as well he didn't do it in Japan: you can't unwind the trade in Japan. There was an incident a few years back:
http://www.msnbc.msn.com/id/10394551/TOKYO - Japan’s government rebuked the Tokyo Stock Exchange and one of the country’s biggest brokerage firms Friday after a typing error caused Mizuho Securities Co. to lose at least 27 billion yen ($225 million) on a stock trade.
The error roiled the Japanese market, while jitters over the reliability of the exchange’s trading system contributing to a 1.95 percent drop in the benchmark Nikkei 225 index Thursday.0 -
BTW the rumour is that the fat fingered trader is at Citibank.0
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BTW the rumour is that the fat fingered trader is at Citibank.
:rotfl:
It would have been worth buying shares in Kleenex, had we known how excited the bears would get about nothing tonight.....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
MARKET was down 600 BEFORE this happened....look at the times and charts
:T:T:T:T:TIt is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
Yeh but, no but, yeh but - really up 6% then..?0
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The sheer amount of doomers actually making out that they knew what was going on as well. "This is it, the 2nd crash I told you so".This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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