DJIA drops a whopping 183.030 points

• Beaten_And_Damned

  4 Sep 08, 22:34

  CNBC reports that DJIA has it worst market drop, followed by S&P and Nasdaq

   

  And STI drops a whopping 80 points

   

  Update: As of 1033 +8GMT, DJIA has posted a net loss of 80 further points, bringing the total to 183.030 points

  

   

• Beaten_And_Damned

  4 Sep 08, 22:48

  DJIA has dropped more than 200 points, bringing the slump to 213+ points

   

  any investors here, better withdraw your investment before it slump further

• maurizio13

  4 Sep 08, 22:51

   

  Black Thursday.

  Tomorrow you will see STI drop.

   

   

• Beaten_And_Damned

  4 Sep 08, 22:52

  Originally posted by maurizio13:

   

  Black Thursday.

  Tomorrow you will see STI drop.

   

   

  STI has already dropped 3%,eq to 80 points, biggest drop of the SEA nations.

   

• hmsg

  4 Sep 08, 22:57

  -235.06 already @ 1050 hours...

• Beaten_And_Damned

  4 Sep 08, 23:00

  -216.00 as of 1059 (US time)

• Beaten_And_Damned

  4 Sep 08, 23:05

  -231.96 (-2.01%) as of 11.04

   

  

• Beaten_And_Damned

  4 Sep 08, 23:25

  -261.35!!

   

  is it gonna go beyond -300?

• maurizio13

  4 Sep 08, 23:29

   

  If it drops anymore, they will have another extra hour of lunch break.

   

   

   

• maurizio13

  4 Sep 08, 23:30

   

  350 means one extra hour of lunch break.

   

  if after lunch still drop another 200, then can have 1/2 day off.

• Beaten_And_Damned

  4 Sep 08, 23:31

  Originally posted by maurizio13:

   

  If it drops anymore, they will have another extra hour of lunch break.

   

   

   

  whew.

   

  stabilised to 245.40 for now..

• Beaten_And_Damned

  4 Sep 08, 23:35

  Originally posted by maurizio13:

   

  261 means one extra hour of lunch break.

   

  if after lunch still drop another 150, then can have 1/2 day off.

  hovering around 250 now..

   

   

• Beaten_And_Damned

  4 Sep 08, 23:39

  Originally posted by maurizio13:

   

  350 means one extra hour of lunch break.

   

  if after lunch still drop another 200, then can have 1/2 day off.

  what do u mean by lunch break and day off?

• kilua

  4 Sep 08, 23:49

  http://www.djindexes.com/mdsidx/index.cfm?event=showAvgFaq#q21

  Circuit Breaker Rules
  
  After the Dow Jones Industrial Average plunged 508 points in the Oct. 19, 1987, crash, government officials had a question: What could be done to prevent a replay?
  
  The response was two major new rules implemented in 1988. The first established circuit breakers that would halt trading for an hour if the Dow Jones Industrial Average plunged 250 points, and for two hours if it fell 400 points. The second clamped a collar on the ability of program traders to dart between stocks and stock index futures when the Dow industrials rose or fell more than 50 points, an effort to reduce the volatility such arbitrage trading was said to cause.

• Beaten_And_Damned

  4 Sep 08, 23:51

  Originally posted by kilua:

  http://www.djindexes.com/mdsidx/index.cfm?event=showAvgFaq#q21

  Circuit Breaker Rules
  
  After the Dow Jones Industrial Average plunged 508 points in the Oct. 19, 1987, crash, government officials had a question: What could be done to prevent a replay?
  
  The response was two major new rules implemented in 1988. The first established circuit breakers that would halt trading for an hour if the Dow Jones Industrial Average plunged 250 points, and for two hours if it fell 400 points. The second clamped a collar on the ability of program traders to dart between stocks and stock index futures when the Dow industrials rose or fell more than 50 points, an effort to reduce the volatility such arbitrage trading was said to cause.

  so far no circuit breaks?

  trading as per norm?

• maurizio13

  4 Sep 08, 23:56

  Originally posted by Beaten_And_Damned:

  so far no circuit breaks?

  trading as per norm?

  
  only when it breaches 350, stop for 1 hour; breach 550 stop for 4 hours.

   

   

• Beaten_And_Damned

  4 Sep 08, 23:57

  thats good

   

  DJIA has gone back up to 233 points and averaging there

• maurizio13

  5 Sep 08, 00:15

   

  now it's just a matter of how many are trading on margin, cannot make margin calls, then it will be sell sell sell.

   

• Evangel

  5 Sep 08, 00:30

  drop more, so that more can buy it cheaper

• I-like-flings(m)

  5 Sep 08, 00:36

  knn... i just missed my chance to sell my share yesterday.....tomolo going to drop again... cb....... but.. hope wont drop as much as it increase on yesterday..... 1 stock i have... make my portfolio gain about SGD50K in 1 day hahaha.. knn.. hope dun drop hope dun drop...

• maurizio13

  5 Sep 08, 00:55

  Originally posted by Evangel:

  drop more, so that more can buy it cheaper

  
  hahaha.....

  try convincing I-like-flings.

   

• Beaten_And_Damned

  5 Sep 08, 00:57

  OMG. drop back to 261

• Evangel

  5 Sep 08, 00:58

  Originally posted by I-like-flings(m):

  knn... i just missed my chance to sell my share yesterday.....tomolo going to drop again... cb....... but.. hope wont drop as much as it increase on yesterday..... 1 stock i have... make my portfolio gain about SGD50K in 1 day hahaha.. knn.. hope dun drop hope dun drop...

  wah lao $50 LOL....got minus off brokerage fee boh?

• Beaten_And_Damned

  5 Sep 08, 01:21

  Originally posted by I-like-flings(m):

  knn... i just missed my chance to sell my share yesterday.....tomolo going to drop again... cb....... but.. hope wont drop as much as it increase on yesterday..... 1 stock i have... make my portfolio gain about SGD50K in 1 day hahaha.. knn.. hope dun drop hope dun drop...

  sell tomolow lor.

   

  now its getting desperate.. 263.. and they cant do a thing

• Beaten_And_Damned

  5 Sep 08, 01:27

  GG!

   

  -276.99 and dropping.....