you guys watching the markets today?
- Thread starter jlee
- Start date
The Dow plunged Thursday amid buzz in the market that European banks have halted lending.
One trader, on the condition of anonymity, said he heard fixed income desks in Europe shut down early because there was no liquidity ? basically European banks are halting lending right now.
"This is similar to what took place pre-Lehman Brothers," the trader said.
The Dow was down more than 900 points at one point, or more than 8 percent, before pulling back to the 600-700 point range.
Under current, New York Stock Exchange rules, if the market falls ten percent or more between 2:30 and 3:00 pm ET, trading is halted for 30 minutes.
Fuckin Greeks...
No surprise, though. I've been reading articles predicting this for a while, apparently Greece is just the tip of the iceberg. Spain and Portugal are in really bad shape, among others, and the few solvent countries in the EU aren't enough to prop the others up.
This is hilarious.
On Yahoo! Finance webpage, the headline size has changed 2 times.
The top headline was about how the market extended its 3rd straight day of losses. Then they made the headline about twice as big and put a breaking news in front of it.
I just checked it again and its like half the browser window.
The market makers really love to swing the hype in their favor don't they
On Yahoo! Finance webpage, the headline size has changed 2 times.
The top headline was about how the market extended its 3rd straight day of losses. Then they made the headline about twice as big and put a breaking news in front of it.
I just checked it again and its like half the browser window.
The market makers really love to swing the hype in their favor don't they
