Patman
Rodent of Unusual Size
Re: Obama XI: Turn And Face The Strange
Yes, we know Tennessee is run by adults... Louisiana on the other hand...
Yes, we know Tennessee is run by adults... Louisiana on the other hand...
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Obama XI: Turn And Face The Strange
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walrus
Wind up workin' in a gas station
Re: Obama XI: Turn And Face The Strange
Like John Kerry and Ed Markey? They want to spend up to 68 million on a Ted Kennedy Memorial. Here we are in debt up to our eyeballs, I'm thinking adults could find better things to spend 68 million on, I guess not
http://mayrantandrave.com/2010/04/1...on-ted-kennedy-memorial-to-exceed-68-million/
Like John Kerry and Ed Markey? They want to spend up to 68 million on a Ted Kennedy Memorial. Here we are in debt up to our eyeballs, I'm thinking adults could find better things to spend 68 million on, I guess not
http://mayrantandrave.com/2010/04/1...on-ted-kennedy-memorial-to-exceed-68-million/
Patman
Rodent of Unusual Size
Re: Obama XI: Turn And Face The Strange
Greece only has a part in that it primed people to think in a certain direction... remember, its an emotions game that is trying to be won on computers.
Greece only has a part in that it primed people to think in a certain direction... remember, its an emotions game that is trying to be won on computers.
Kepler
Cornell Big Red
Patman
Rodent of Unusual Size
Re: Obama XI: Turn And Face The Strange
I thought they had percentage rules... certainly nearly 10% market has to be one of those rules. Maybe they've abandoned them?
I watched a talk about the feedback loop happening to another field... hedge funds or something... in like 2007. A bunch of people got cleaned out in a day because of the sequence of actions. The reason I saw a talk on this was because the researcher was trying to pry out information when the money guys wouldn't (obviously) talk.
I thought they had percentage rules... certainly nearly 10% market has to be one of those rules. Maybe they've abandoned them?
I watched a talk about the feedback loop happening to another field... hedge funds or something... in like 2007. A bunch of people got cleaned out in a day because of the sequence of actions. The reason I saw a talk on this was because the researcher was trying to pry out information when the money guys wouldn't (obviously) talk.
Re: Obama XI: Turn And Face The Strange
Don't forget that when Nancy Pelosi took control of the gavel, she specifically said that the children were in charge.
Don't forget that when Nancy Pelosi took control of the gavel, she specifically said that the children were in charge.
P
Priceless
Guest
Re: Obama XI: Turn And Face The Strange
You apparently missed it, so I'll put the key quotes below:
See, this is what happens when you have people in charge in a crisis whose previous experience is not running horse shows.
You apparently missed it, so I'll put the key quotes below:
See, this is what happens when you have people in charge in a crisis whose previous experience is not running horse shows.
Patman
Rodent of Unusual Size
Re: Obama XI: Turn And Face The Strange
I got it... Louisiana still *****es about their own failure... and despite the former head of FEMA being a crony doofus they still got things done in a dramatically quick fashion.
Or are we back looking for those instant teleporters again? You know, the ones that solve any massive crisis in minutes? The one that can extract people from their homes when they were told to leave about 100 times?
I got it... Louisiana still *****es about their own failure... and despite the former head of FEMA being a crony doofus they still got things done in a dramatically quick fashion.
Or are we back looking for those instant teleporters again? You know, the ones that solve any massive crisis in minutes? The one that can extract people from their homes when they were told to leave about 100 times?
Re: Obama XI: Turn And Face The Strange
One can examine from Katrina who the "adults" really are. Louisiana, a state with a long history of Democrat control at the local and state level, whined and cried until the feds came to help them out. Mississippi, a poor state but with a long history of conservatives running the show, didn't wait for the feds to take control and helped themselves, and did much better.
It's generally a truth of human existence that those who go out and do things to help themselves are in much better shape than those with the capability to help themselves but whom wait for others to help them.
One can examine from Katrina who the "adults" really are. Louisiana, a state with a long history of Democrat control at the local and state level, whined and cried until the feds came to help them out. Mississippi, a poor state but with a long history of conservatives running the show, didn't wait for the feds to take control and helped themselves, and did much better.
It's generally a truth of human existence that those who go out and do things to help themselves are in much better shape than those with the capability to help themselves but whom wait for others to help them.
Re: Obama XI: Turn And Face The Strange
It was after 2:30 pm so the rules to shut down the market due to losses doesn't kick in.
It was after 2:30 pm so the rules to shut down the market due to losses doesn't kick in.
P
Priceless
Guest
Patman
Rodent of Unusual Size
Re: Obama XI: Turn And Face The Strange
Ah... the more "do it out of spite" crap.
You do realize most of that money doesn't exist. While I don't happen to have any good feelings for the rich you'll be hitting right into the inflationary pot if you don't use that money to pay down the debt.
Ah... the more "do it out of spite" crap.
You do realize most of that money doesn't exist. While I don't happen to have any good feelings for the rich you'll be hitting right into the inflationary pot if you don't use that money to pay down the debt.
P
Priceless
Guest
Re: Obama XI: Turn And Face The Strange
Didn't Tom Clancy squeeze the follies of computer controlled trading and the vulnerabilities we have to an airliner attack in Debt of Honor in 1994?
Didn't Tom Clancy squeeze the follies of computer controlled trading and the vulnerabilities we have to an airliner attack in Debt of Honor in 1994?
Re: Obama XI: Turn And Face The Strange
Don't forget about the sheer idiocy of living (and staying) in a city that sits below sea level, much less during a hurricane. New Orleans is a kick-arse city to visit, but seriously......why not just build the city in a hole on the beach? Same thing when you have any substantial storm surge.
Don't forget about the sheer idiocy of living (and staying) in a city that sits below sea level, much less during a hurricane. New Orleans is a kick-arse city to visit, but seriously......why not just build the city in a hole on the beach? Same thing when you have any substantial storm surge.
dxmnkd316
Lucia Apologist
Re: Obama XI: Turn And Face The Strange
NYSE Circuit Breakers
In response to the market breaks in October 1987 and October 1989 the New York Stock Exchange instituted circuit breakers to reduce volatility and promote investor confidence. By implementing a pause in trading, investors are given time to assimilate incoming information and the ability to make informed choices during periods of high market volatility.
Rule 80B
Effective April 15, 1998 the SEC approved amendments to Rule 80B (Trading Halts Due to Extraordinary Market Volatility) which revised the halt provisions and the circuit-breaker levels. The trigger levels for a market-wide trading halt were set at 10%, 20% and 30% of the DJIA, calculated at the beginning of each calendar quarter, using the average closing value of the DJIA for the prior month, thereby establishing specific point values for the quarter. Each trigger value is rounded to the nearest 50 points.
The halt for a 10% decline would be one hour if it occurred before 2 p.m., and for 30 minutes if it occurred between 2 and 2:30, but would not halt trading at all after 2:30. The halt for a 20% decline would be two hours if it occurred before 1 p.m., and between 1 p.m. and 2 p.m. for one hour, and close the market for the rest of the day after 2 p.m. If the market declined by 30%, at any time, trading would be halted for the remainder of the day.
Under the previous Rule 80B trigger points (in effect since October 19, 1988) for a market-wide trading halt, a decline of 350 points in the DJIA would halt trading for 30 minutes and a drop of 550 points one hour. These trigger points were hit only once on October 27, 1997, when the DJIA was down 350 at 2:35 p.m. and 550 at 3:30, shutting the market for the remainder of the day.
Source:
http://www.nyse.com/press/circuit_breakers.html
Neat setup.
NYSE Circuit Breakers
In response to the market breaks in October 1987 and October 1989 the New York Stock Exchange instituted circuit breakers to reduce volatility and promote investor confidence. By implementing a pause in trading, investors are given time to assimilate incoming information and the ability to make informed choices during periods of high market volatility.
Rule 80B
Effective April 15, 1998 the SEC approved amendments to Rule 80B (Trading Halts Due to Extraordinary Market Volatility) which revised the halt provisions and the circuit-breaker levels. The trigger levels for a market-wide trading halt were set at 10%, 20% and 30% of the DJIA, calculated at the beginning of each calendar quarter, using the average closing value of the DJIA for the prior month, thereby establishing specific point values for the quarter. Each trigger value is rounded to the nearest 50 points.
The halt for a 10% decline would be one hour if it occurred before 2 p.m., and for 30 minutes if it occurred between 2 and 2:30, but would not halt trading at all after 2:30. The halt for a 20% decline would be two hours if it occurred before 1 p.m., and between 1 p.m. and 2 p.m. for one hour, and close the market for the rest of the day after 2 p.m. If the market declined by 30%, at any time, trading would be halted for the remainder of the day.
Under the previous Rule 80B trigger points (in effect since October 19, 1988) for a market-wide trading halt, a decline of 350 points in the DJIA would halt trading for 30 minutes and a drop of 550 points one hour. These trigger points were hit only once on October 27, 1997, when the DJIA was down 350 at 2:35 p.m. and 550 at 3:30, shutting the market for the remainder of the day.
Source:
http://www.nyse.com/press/circuit_breakers.html
Neat setup.
Re: Obama XI: Turn And Face The Strange
More on yesterday's stock market ride:
http://www.growthstockwire.com/archive/2010/may/2010_may_07.asp
More on yesterday's stock market ride:
http://www.growthstockwire.com/archive/2010/may/2010_may_07.asp
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P
Priceless
Guest
Re: Obama XI: Turn And Face The Strange
Edit:
Robert Gibbs
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ScottM
**** it feels good to be a bankster
Re: Obama XI: Turn And Face The Strange
IIRC, the programs can keep cutting offer prices in hopes of catching another program's interest until the offer price is zero. And it can happen in seconds. It's really one of the downsides of a completely electronic trading platform, since it eliminates human traders would step in on buy at certain points based on their own "instinct".
IIRC, the programs can keep cutting offer prices in hopes of catching another program's interest until the offer price is zero. And it can happen in seconds. It's really one of the downsides of a completely electronic trading platform, since it eliminates human traders would step in on buy at certain points based on their own "instinct".
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