On The Crash Of '10: An Oral History
Also, it used to be that program trading would be curbed if the Dow Jones was down too much. That rule was put in after the '87 crash, and removed in '07.
It was removed because it seemed that wasn't seen to limit moves like today.
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On The Crash Of '10: An Oral History
So it started with a fat finger at Citi...
selling billions instead of millions of S&P e-mini futures.
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On Massive Selloff--Goodbye DOW 10,000?
@formerly - hopefully some awful/awesome story comes out this week.
@gef - yes, that.
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On Massive Selloff--Goodbye DOW 10,000?
Happened after Europe closed. My conspiracy theory - some EU bank/investor needed to puke futures, didn't want to crush self.
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On Massive Selloff--Goodbye DOW 10,000?
1050 points in the Dow for an hour or 30 min trading halt.
http://www.nyse.com/press/circuit_breakers.html
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On iPad Goes Platinum
Don't worry about the iPad bathroom use. It really is the height of toilet-top computing.
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On I'm Going Back To Arizona (And You Should Probably Come Too)
I hadn't thought of the MLB angle, but that's a good point. Imagine if a big leaguer (even a visiting player vs the DBacks) got picked up by the cops?
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On Rainbow Bridge For Whites Only, Say 'Thor' Fans
Can you imagine the American reaction if a movie came out with a black Jesus?
The real problem is, I'm sure Stringer will outshine whoever plays the title role of Thor.
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On The Goldman Sachs SEC Investigation Is A Joke
The fact that this CDO was synthetic (funded by selling CDSs) is irrelevant. You can't have an offering memorandum/term sheet/etc for any security (synthetic CDO or otherwise) that excludes pertinent information about the security.
Though IKB would likely not have purchased the security if they received a hindsight-correct rating from the agencies, on that we agree. Though it's hard to name anyone a culprit when so many people had a hand in the entire process.
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On Jay-Z's Greatest Hits
wrt horns, I've been into Blitz the Ambassador
http://www.youtube.com/watch?v=AGaQbZ0RSQU