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| The Scuppers This is a new forum for the not necessarily fishing related topics... |
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05-06-2010, 01:51 PM
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#1
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Great White Scup Hunter
Join Date: Nov 2006
Location: In the Corner...
Posts: 2,251
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The Market
The Market is getting Slaughtered ...........  |
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05-06-2010, 01:51 PM
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#2
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Certifiable Intertidal Anguiologist
Join Date: Feb 2000
Location: Somewhere between OOB & west of Watch Hill
Posts: 34,962
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Just watched the DOW drop 500 points in 20 minutes
I just watched the DOW drop 500 points in 20 minutes, just dropped. Went back up a couple hundred points like nothing but the Street is getting hammered right now.
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~Fix the Bait~ ~Pogies Forever~
Striped Bass Fishing - All Stripers
Kobayashi Maru Election - there is no way to win.
Apocalypse is Coming:
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05-06-2010, 01:58 PM
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#3
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Certifiable Intertidal Anguiologist
Join Date: Feb 2000
Location: Somewhere between OOB & west of Watch Hill
Posts: 34,962
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Went down to just shy of -1000 and now back up to only down 400. WTF?
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~Fix the Bait~ ~Pogies Forever~
Striped Bass Fishing - All Stripers
Kobayashi Maru Election - there is no way to win.
Apocalypse is Coming:
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05-06-2010, 02:05 PM
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#4
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Registered User
Join Date: Feb 2007
Location: weymouth,ma
Posts: 101
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the market
Retirement postponed until the day after my demise.
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A bottomless pit of bum information/ Death makes memories of us all...
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05-06-2010, 02:05 PM
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#5
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Great White Scup Hunter
Join Date: Nov 2006
Location: In the Corner...
Posts: 2,251
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It was due,,, It just needed a reason,,,,
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05-06-2010, 02:34 PM
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#6
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Registered User
Join Date: Feb 2003
Location: Hyde Park, MA
Posts: 4,152
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05-06-2010, 02:49 PM
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#7
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BuzzLuck
Join Date: Feb 2009
Location: Brockton
Posts: 6,414
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CLOSE YOUR EYES, do nothing and in a month you'll be back positive from where this morning started.
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 Given the diversity of the human species, there is no “normal” human genome sequence. We are all mutants.
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05-06-2010, 03:42 PM
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#8
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Respect your elvers
Join Date: Mar 2004
Location: franklin ma
Posts: 3,368
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The market was up over 5000 points since March 2009...a little 15% correction never hurt anyone...
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It's not the bait
At the end of your line
It's the fishing hole
Where all the fish is blind
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05-06-2010, 04:13 PM
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#9
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Registered Grandpa
Join Date: Nov 2003
Location: east coast
Posts: 8,592
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Combination of Greece and some reported glitch in the SM system.
In Greece, "the chickens have come home to roost." Time to pay the piper.
Entitlement program costs are taking out more $$ than the Govt. is taking in.
A lot like our politicans spending habits.
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" Choose Life "
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05-06-2010, 04:54 PM
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#10
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Certifiable Intertidal Anguiologist
Join Date: Feb 2000
Location: Somewhere between OOB & west of Watch Hill
Posts: 34,962
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Quote:
Originally Posted by justplugit
Combination of Greece and some reported glitch in the SM system.
In Greece, "the chickens have come home to roost." Time to pay the piper.
Entitlement program costs are taking out more $$ than the Govt. is taking in.
A lot like our politicans spending habits.
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Yeh we're about 10 years behind France and Germany, which are 10 years behind Greece and Spain.
Nasdaq Says Investigating Erroneous Trades After Market Plunge
Quote:
May 6 (Bloomberg) -- Nasdaq OMX Group Inc. said it’s investigating potentially erroneous trades involving multiple securities between 2:40 p.m. and 3 p.m. New York time, when the U.S. stock market tumbled.
The Dow Jones Industrial Average plunged almost 1,000 points today before paring its decline and ended down 347.80 points, or 3.2 percent, at 10,520.32. About $700 billion of U.S. stock-market value was erased in less than 10 minutes, data compiled by Bloomberg show.
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Interesting. Glitch? Hack? Probe? |
~Fix the Bait~ ~Pogies Forever~
Striped Bass Fishing - All Stripers
Kobayashi Maru Election - there is no way to win.
Apocalypse is Coming:
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05-06-2010, 05:17 PM
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#11
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BuzzLuck
Join Date: Feb 2009
Location: Brockton
Posts: 6,414
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Quote:
Originally Posted by JohnR
Interesting. Glitch? Hack? Probe?
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TYPO! |
Given the diversity of the human species, there is no “normal” human genome sequence. We are all mutants.
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05-06-2010, 06:31 PM
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#12
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Mosholu
Join Date: Feb 2007
Location: NYC
Posts: 440
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NYSE has announced that they are breaking some trades as it looks like there may have been a fat finger error. It is lucky that the oil and gold markets were closed at the time or we might have gone down into the 8000s.
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05-07-2010, 10:45 AM
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#13
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Registered Grandpa
Join Date: Nov 2003
Location: east coast
Posts: 8,592
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[QUOTE=JohnR;766592]Yeh we're about 10 years behind France and Germany, which are 10 years behind Greece and Spain.
JR, if things keep going the way they are, I think it will be a lot sooner
than that.
Our commitment to the IMF is 17%, next in line is England with 6%,
and once we start bailing these crumbling economies out because of
their socialistic over spending it will just hasten our demise.
We are chumps.
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" Choose Life "
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05-07-2010, 10:46 AM
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#14
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Retired Surfer
Join Date: Dec 2000
Location: Sunset Grill
Posts: 9,511
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Here comes inflation and higher interest rates.......
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Swimmer a.k.a. YO YO MA
Serial Mailbox Killer/Seal Fisherman
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05-07-2010, 02:48 PM
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#15
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Great White Scup Hunter
Join Date: Nov 2006
Location: In the Corner...
Posts: 2,251
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Nailed it .. See Post #9
http://www.striped-bass.com/Stripert...id-you-do.html
We can speculated on anything,,, but realistically speaking.. It was overbought and just needed any reason to tumble,,, |
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