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angstlessk (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 04:14 PM Original message |
If the bank makes a mistake and puts a million in my bank account it's not my money |
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SPedigrees (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 04:16 PM Response to Original message |
1. It wasn't always this way. |
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LisaM (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 04:23 PM Response to Reply #1 |
3. But that was Monopoly! For the unscrupulous. |
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customerserviceguy (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 04:35 PM Response to Reply #3 |
6. I'm still trying to figure out where to invest |
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LisaM (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 04:56 PM Response to Reply #6 |
9. Utilities |
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customerserviceguy (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 05:37 PM Response to Reply #9 |
11. Funny you mention that |
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Go2Peace (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 07:46 PM Response to Reply #1 |
26. Conicidence or error? Naw, the market is little more than a convenient way to redistribute wealth |
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greencharlie (827 posts) Send PM | Profile | Ignore | Thu May-06-10 04:19 PM Response to Original message |
2. a mulligan? |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 04:24 PM Response to Original message |
4. There were 450 million trades today, not to mention countless stop losses blown out |
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angstlessk (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 04:29 PM Response to Reply #4 |
5. Most ..er... ALL were done on computers...it CAN BE FIXED |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 04:36 PM Response to Reply #5 |
7. Yes, it is all computerized. If it were manual, it wouldn't have happened so fast. |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 04:39 PM Response to Reply #5 |
8. Now this is interesting. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 05:44 PM Response to Reply #8 |
13. Lots of brokers on CNBC are even coming out against HFT. |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 05:55 PM Response to Reply #13 |
14. No question. Todays landslide proved that. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 05:58 PM Response to Reply #14 |
16. Not giving advice but this is why I use puts to limit downside not stop orders. |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 06:02 PM Response to Reply #16 |
17. I agree and would tend to think that the loss on the put premium |
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hunter (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 06:18 PM Response to Reply #8 |
20. How about a small tax on each trade? |
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Zenlitened (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 07:00 PM Response to Reply #20 |
23. I agree a transaction tax is the solution, but it only needs to be... |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 07:19 PM Response to Reply #23 |
25. Cap gains taxes are for 1 year + holding. |
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Zenlitened (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 08:39 PM Response to Reply #25 |
28. What I'm suggesting (and, admittedly, I didn't explain it very well)... |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 08:51 PM Response to Reply #28 |
29. Oh! I gotcha. I misread originally |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 07:18 PM Response to Reply #20 |
24. I couldn't agree more. |
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kimmerspixelated (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 05:12 PM Response to Original message |
10. "Money" is not actual money anyway. |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 05:41 PM Response to Original message |
12. The brokerage making the mistake sold all the way down. |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 05:57 PM Response to Reply #12 |
15. You believe the b/million story out there? |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 06:06 PM Response to Reply #15 |
18. There are a lot less safeguards then you think. |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 06:10 PM Response to Reply #18 |
19. This is the first thing I have heard all day that makes any sense. |
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HughMoran (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 06:39 PM Response to Reply #18 |
21. K&R |
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Statistical (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 06:46 PM Response to Reply #21 |
22. No but thanks. |
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taught_me_patience (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 08:35 PM Response to Reply #18 |
27. The accenture trades will be cancelled. n/t |
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Ruby the Liberal (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 08:53 PM Response to Original message |
30. Update: list of trades cancelled |
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cbdo2007 (1000+ posts) Send PM | Profile | Ignore | Thu May-06-10 10:10 PM Response to Reply #30 |
31. And not only on those stocks but this dragged down the whole market. |
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DU AdBot (1000+ posts) | Thu Sep 26th 2024, 02:18 AM Response to Original message |
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