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Author Topic: Stock Market Fun - NOT!!!  (Read 314 times)

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EWSoccer64

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Stock Market Fun - NOT!!!
« on: May 06, 2010, 04:33:39 PM »

Wow.

Today was horrible.   Turns out a combination of an attempt by the NYSE to slow down trading by 30-60 seconds in heavily impacted stocks combined with modern technology and lightly traded stocks caused an erronious 500 extra point drop in the market today.    At least that is what they THINK happened.

At one point, I was not just kissing my retirement away, I was wondering how much my house would fetch in the current market.

By the end of the day, my losses had halved.   Which means that junior is not going to college this fall.................
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RamaBama

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Re: Stock Market Fun - NOT!!!
« Reply #1 on: May 09, 2010, 01:26:18 PM »

Wow.

Today was horrible.   Turns out a combination of an attempt by the NYSE to slow down trading by 30-60 seconds in heavily impacted stocks combined with modern technology and lightly traded stocks caused an erronious 500 extra point drop in the market today.    At least that is what they THINK happened.

At one point, I was not just kissing my retirement away, I was wondering how much my house would fetch in the current market.

By the end of the day, my losses had halved.   Which means that junior is not going to college this fall.................


I'm guessing you're kidding, right?  From reading your posts, I'm guessing so because they seem to indicate a sharp enough fellow.

  Nobody would allocate his  / her assets such that a college expenditure in three months' time would be dependent on current performance of equities.
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RamaBama
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EWSoccer64

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Re: Stock Market Fun - NOT!!!
« Reply #2 on: May 09, 2010, 04:59:30 PM »

Wow.

Today was horrible.   Turns out a combination of an attempt by the NYSE to slow down trading by 30-60 seconds in heavily impacted stocks combined with modern technology and lightly traded stocks caused an erronious 500 extra point drop in the market today.    At least that is what they THINK happened.

At one point, I was not just kissing my retirement away, I was wondering how much my house would fetch in the current market.

By the end of the day, my losses had halved.   Which means that junior is not going to college this fall.................

Yeah, I was kidding.  Somewhat.  The losses still hurt.     Never deal with a broker who loves to go to casinos for "downtime"........


I'm guessing you're kidding, right?  From reading your posts, I'm guessing so because they seem to indicate a sharp enough fellow.

  Nobody would allocate his  / her assets such that a college expenditure in three months' time would be dependent on current performance of equities.
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