May 7th, 2010, 09:59
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#230
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Senior Member
注册日期: Jul 2004
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引用:
作者: klin
Interesting this post got pushed up again.
I still believe 1000 DOW drop in one day is possible. Wall street firms are using computers to trade, famous (or infamous) Goverment Sachs is the biggest player. The trading programs are using similar algorithm. When crisis hits, all these computers will suddenly sell everything in mini seconds. 1987 mini crash was a good example, only today's trading programs are a lot more powerful and popular.
When that happens, doesn't matter if you have stop orders, how carefully you monitor the market, you are screwed, and wiped out. Many people will lose their entire life saving.
Just imagine what would happen N. Korea attacks S. Korea? Obama gets assassinated? In normal times, it may not cause significant impact, in today's situation, it can make everyone panic.
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Folks, when disaster strikes, you have no time to run.
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