Register - Login
Views: 99854269
 Main - Memberlist - Active users - Calendar - Wiki - IRC Chat - Online users
Ranks - Rules/FAQ - Stats - Latest Posts - Color Chart - Smilies 		05-04-22 11:30:37 AM
Jul - News - Dow drops 1000 in minutes over Europe, Greece. New poll - New thread - New reply
Next newer thread | Next older thread
Hiryuu

Level: 207


Posts: 13203/14435
EXP: 127636015
For next: 2148139

Since: 07-06-07


Since last post: 11.8 years
Last activity: 11.7 years
Posted on 05-06-10 05:58:50 PM (last edited by Hiryuu at 05-06-10 02:59 PM) Link | Quote
Subject: Dow drops 1000 in minutes over Europe, Greece.

It's on the mend, but still down about 600. Trading just went berserk and the VIX is on the climb.

Greece and Europe are in some serious trouble.
Orlandu


Holy SwordsMan
Level: 137


Posts: 710/5913
EXP: 30482765
For next: 390090

Since: 01-12-10

From: Las Vegas, NV

Since last post: 4.0 years
Last activity: 209 days
Posted on 05-06-10 06:44:34 PM Link | Quote
This is what the internet age has brought. Social unrest in a foreign country is broadcast to the world and everyone goes in to a panic. And by everyone, I mean Wall Street and oil companies. Immediately the stock market takes a hit and in days the price of gas goes up 10%... Our economy is run on fear now. Everything is instant and doesn't allow time for an issue to be resolved or a permanent solution to be planned before seeing what the impact will be on society or foreign trade.

____________________
 
Hiryuu

Level: 207


Posts: 13211/14435
EXP: 127636015
For next: 2148139

Since: 07-06-07


Since last post: 11.8 years
Last activity: 11.7 years
Posted on 05-06-10 06:49:48 PM Link | Quote
That's the price you get with technology and the by-product of convenience. It'll only get worse over time.

All I can say is it isn't as bad as Fall '08 was when the Dow was hundreds of points up or down every day because of increased concerns of oil prices and the like.
Lyskar
12210
-The Chaos within trumps the Chaos without-
Level: 192


Posts: 5464/12211
EXP: 99331992
For next: 541579

Since: 07-03-07

From: 52-2-88-7

Since last post: 7.4 years
Last activity: 7.3 years
Posted on 05-07-10 01:34:05 AM Link | Quote
Stats
Time/Date
05-06-10 07:34:05 PM
Posts
5464
Days Here
1038
Level
107
Metal_Man88's Post
Meh, I'm in bad shape no matter where the Dow is, so I don't really care. Although the more the people on Wall Street suffer, the better.

____________________
Don't let an old saying get in the way of a good idea.
Eisnaught - SSQ² - Mobius Roleplay - SSS
Rachel Mae

Creature of Chaos
Level: 141


Posts: 2854/5929
EXP: 33607626
For next: 512388

Since: 07-03-07

Pronouns: she/her
From: Foxglen

Since last post: 22 days
Last activity: 1 day
Posted on 05-07-10 04:23:03 AM Link | Quote
Why don't we just rename this friggin' country the United States of FEAR and be done with it, because I swear that's all anybody ever talks about anymore.

____________________
Lyskar
12210
-The Chaos within trumps the Chaos without-
Level: 192


Posts: 5467/12211
EXP: 99331992
For next: 541579

Since: 07-03-07

From: 52-2-88-7

Since last post: 7.4 years
Last activity: 7.3 years
Posted on 05-07-10 06:21:32 AM Link | Quote
Stats
Time/Date
05-07-10 12:21:32 AM
Posts
5467
Days Here
1038
Level
107
Metal_Man88's Post
Of course, it turned out to be a glitch.

Whoops!

____________________
Don't let an old saying get in the way of a good idea.
Eisnaught - SSQ² - Mobius Roleplay - SSS
Xkeeper

Level: 263


Posts: 16057/25353
EXP: 297173545
For next: 1786908

Since: 07-03-07

Pronouns: they/them/????????

Since last post: 4 days
Last activity: 18 min.
Posted on 05-07-10 09:06:57 AM Link | Quote
Originally posted by Metal_Man88
Of course, it turned out to be a glitch.

Whoops!

Yeah, I learned this during TRMS. Absolutely hilarious to see the stock skyrocket to 100,000 though (from a normal high of, you know, 30)

Guess: Someone fat-fingered a purchase to B instead of M or something.

____________________
Hiryuu

Level: 207


Posts: 13241/14435
EXP: 127636015
For next: 2148139

Since: 07-06-07


Since last post: 11.8 years
Last activity: 11.7 years
Posted on 05-07-10 10:26:03 AM Link | Quote
Originally posted by Gunstar Green
Why don't we just rename this friggin' country the United States of FEAR and be done with it, because I swear that's all anybody ever talks about anymore.


It's the only thing newsworthy.
Nitin

Level: 33


Posts: 157/207
EXP: 218789
For next: 10390

Since: 07-25-07

From: India

Since last post: 8.0 years
Last activity: 7.7 years
Posted on 05-07-10 10:30:27 AM Link | Quote

The ripple effect is worldwide

____________________
Arisu
Member
game over.
Level: 22


Posts: 56/85
EXP: 52213
For next: 6137

Since: 03-09-10


Since last post: 11.7 years
Last activity: 12.0 years
Posted on 05-07-10 11:57:43 AM Link | Quote
So how much did everyone make of this golden opportunity?
Xkeeper

Level: 263


Posts: 16061/25353
EXP: 297173545
For next: 1786908

Since: 07-03-07

Pronouns: they/them/????????

Since last post: 4 days
Last activity: 18 min.
Posted on 05-07-10 02:37:06 PM Link | Quote
Originally posted by Arisu
So how much did everyone make of this golden opportunity?

Nothing. The NYSE nullified all transfers that occurred during the time this happened.

____________________
Arisu
Member
game over.
Level: 22


Posts: 57/85
EXP: 52213
For next: 6137

Since: 03-09-10


Since last post: 11.7 years
Last activity: 12.0 years
Posted on 05-07-10 04:00:07 PM Link | Quote
Originally posted by Xkeeper
Originally posted by Arisu
So how much did everyone make of this golden opportunity?

Nothing. The NYSE nullified all transfers that occurred during the time this happened.

Nope, only a bunch. Some of them like Apple didn't get cancelled at all.
MajesticLight
710
Level: 55


Posts: 98/711
EXP: 1257832
For next: 56357

Since: 04-15-10

From: Virginia

Since last post: 10.7 years
Last activity: 10.7 years
Posted on 05-07-10 11:34:00 PM Link | Quote
Originally posted by Hiryuu
Originally posted by Gunstar Green
Why don't we just rename this friggin' country the United States of FEAR and be done with it, because I swear that's all anybody ever talks about anymore.


It's the only thing newsworthy.

It's basically the only thing that catches people's attention. In order to have viewers, newscasters have to report things that catch their audience's attention. Thus, most of the events we see on tv are ones that induce fear. After all, a story about happy things is not nearly as fascinating as one about a disaster. It's like when you pass a car wreck, how you just can't stop looking at it, even though you don't really want to. For a disaster-themed news story, it's much harder to turn off the tv.

____________________
Arisu
Member
game over.
Level: 22


Posts: 58/85
EXP: 52213
For next: 6137

Since: 03-09-10


Since last post: 11.7 years
Last activity: 12.0 years
Posted on 05-08-10 01:00:15 AM Link | Quote
Originally posted by MajesticLight
Originally posted by Hiryuu
Originally posted by Gunstar Green
Why don't we just rename this friggin' country the United States of FEAR and be done with it, because I swear that's all anybody ever talks about anymore.


It's the only thing newsworthy.

It's basically the only thing that catches people's attention. In order to have viewers, newscasters have to report things that catch their audience's attention. Thus, most of the events we see on tv are ones that induce fear. After all, a story about happy things is not nearly as fascinating as one about a disaster. It's like when you pass a car wreck, how you just can't stop looking at it, even though you don't really want to. For a disaster-themed news story, it's much harder to turn off the tv.

News is supposed to be relevant; if you want happy inspirational stuff turn to the feature stories.
Lyskar
12210
-The Chaos within trumps the Chaos without-
Level: 192


Posts: 5474/12211
EXP: 99331992
For next: 541579

Since: 07-03-07

From: 52-2-88-7

Since last post: 7.4 years
Last activity: 7.3 years
Posted on 05-08-10 08:39:05 AM Link | Quote
Stats
Time/Date
05-08-10 02:39:05 AM
Posts
5474
Days Here
1039
Level
107
Metal_Man88's Post
But dontcha know, in America, 'supposed to' is a curse word and 'That's screwed up' is the bill of the day.


As long as it makes money, at least!

____________________
Don't let an old saying get in the way of a good idea.
Eisnaught - SSQ² - Mobius Roleplay - SSS
Next newer thread | Next older thread
Jul - News - Dow drops 1000 in minutes over Europe, Greece. New poll - New thread - New reply


Rusted Logic

Acmlmboard - commit 47be4dc [2021-08-23]
©2000-2022 Acmlm, Xkeeper, Kaito Sinclaire, et al.

29 database queries, 2 query cache hits.
Query execution time: 0.090717 seconds
Script execution time: 0.029880 seconds
Total render time: 0.120597 seconds