Black Monday (8/24/2015)

The stock market still runs on traditional electrical circuit breakers and switches?  *mind-boggled*

Nothing will be as it once was. No chance!

No, it is all software controlled. Basically, under the US market regulations, anytime a stock jumps up or drops by 5% or more, trading is halted for that stock for five minutes. In trading terminology, it is called "circuit break".

I am just getting upset that the stock market is capable of getting us in a crises. I would hope these economic factors wouldn't play in and that long term things would stay stable.

It's comparable with the Greek thing in which we are running on air and I fear that at some point in time the total situation will get out of control, with all negative side effects.

I'm teasing.

There is a similar principle called an "alert flood" when you are monitoring software or other things...instead of sending the entire flood and counts them and sends a history rather than taking action.

However in monitoring you are only receiving information regarding failures, not actually trading $$ so its slightly different. 

I'm teasing.  

Of course you are, sir.

Originally Posted by Sneaky SNAIC:

I'm teasing.  

Of course you are, sir.

 

 

 

I have the 4M rule: 

Military, Medical, Money, Marketing gives a high pucker factor...tough place to work.  Only one I haven't worked in is Medical and I don't want to.  I'm old and tired now.

That would be 24/8/15 in the real world of course.

It's the debt based money system that's getting us into crisis, the stock market getting way ahead of itself and now coming down (only a bit so far) is just a symptom. The system has way more debt than in 2008, debt that we are told caused the crash then so it's probably only a matter of time. I'm more confident my naim equipment will hold its value than stocks over the next few years.   

People got spoiled by a rocketing six years old bull market which more than tripled itself in six years, propelled by central banks who are printing money without control and keeping interest rates near zero. If markets could reflect more honestly the economic conditions in a real world they would loose 90% of their volatility.

Nail on Head Haim. Something very wrong when stock market performance depends more on central bank actions and other manipulation than the health of the underlying companies and economy. And not helped by many market participants seem to accept that 'stocks go down as well as up' only as long as they go up... 

I love capitalism in action. Always the same, many making "loads of money" a hickup and some losses and moan moan moan, what will we do?

Same as usual I expect make "loads of money" on the recovery from situation.