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Dow Jones: For those who do not leave the lounge or without a TV.

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LeftyFingerPop Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 04:39 PM
Original message
Dow Jones: For those who do not leave the lounge or without a TV.
Biggest one day point drop in history today...over 900 points...recovered to a drop of around 350.
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CaliforniaPeggy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 04:40 PM
Response to Original message
1. My dear LeftyFingerPop!
Edited on Thu May-06-10 04:40 PM by CaliforniaPeggy
What happened?

That is dreadful.

:(
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LeftyFingerPop Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 04:47 PM
Response to Reply #1
2. Peg, I just turned on the TV, but as close as I can tell...
There is an economic crisis in Greece that is causing turmoil, and the drop cascaded from what is known as "electronic triggers" that are extremely fast trades made by computers (not people) once certain downsides on stock prices are reached.
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CaliforniaPeggy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 04:50 PM
Response to Reply #2
3. Ah, OK...
I knew about the Greece crisis...

But not about the other stuff.

Thanks!
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rug Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 05:13 PM
Response to Original message
4. Thanks, I missed that.
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SPKrazy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 06:31 PM
Response to Original message
5. percentage wise
not as big as it sounds

human error probably cause... or a glitch in a software program
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madinmaryland Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 06:39 PM
Response to Original message
6. Maybe if Jim Kramer would just shut his PIEHOLE, the drop would not have happened!
:mad:
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Duer 157099 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-06-10 07:17 PM
Response to Original message
7. BUY BUY BUY!!
Or don't
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