massive panic on the stock markets.

some fun graphs. pretty much everything was down 20% in a matter of minutes. but it seems to be recovering, sort of. next few days should be interesting.

http://ca.finance.yahoo.com/q/bc?s=^DJI&t=1d

http://ca.finance.yahoo.com/q/bc?s=AAPL&t=1d

http://ca.finance.yahoo.com/q/bc?s=USDCAD=X&t=1d

rip europe?

http://www.theglobeandmail.com/globe-investor/stock-markets-plummet/article1559170/

Greek economics + possibly stale British government = Cool graphs.

Did the dip coincide with who won the British election (dunno if they announced it yet; just speculating since polls were supposed to close around 10PM GMT, right?)

Doesn't close for another hour or so and won't be decided until after midnight, so it's probably not related. Depending on what the outcome is there may be another move in 3+ hours.

I wonder what was said at 3pm.

this may or may not have been the trigger, but it's interesting.

http://www.google.com/finance?client=ob&q=NYSE:ACN

http://ca.finance.yahoo.com/q/bc?s=ACN&t=1d

one minute it was $40, the next it was literally selling for a penny. someone fucked up.

I can't wait for people to start blaming Obama.

greece went to shit because they think that a retirement age of 53 is a good idea.

The upside is my place of employment made a ton of money today.

My AF investments have been tanking the last couple of days pretty hard too, losing about a dollar a share every day. Its fun to watch how quickly you lose (or gain) money but I'm young enough to not be all that concerned.

greek is pulling stuff downwards

  On 5/6/2010 at 10:52 PM, o00o said:

The Greek is pulling stuff downwards

It's all in the game...

"your investment may go down as well as up"

Piers Morgan just made a very good point on the BBC's coverage.

It's safe to say that we're kicking out the two most experienced economic minds in Britain, a day before this new American shit-storm starts, and a week before the repercussions of Greece are truly felt.

Greece's problems began when they suddenly realised that their books were wrong and they actually far more fucked than they thought. Something similar could very easily happen in the next 10 days in Britain.

they should just stop the bankers from gambling. the bankers screw it, the states helpt them back on track by ruining themselves. Now the bankers In return bet on the finacial downfall of the countries

Need an explanation?

Try a typo...

http://www.cnbc.com/id/36999483

  On 5/6/2010 at 11:31 PM, Gary C said:

Piers Morgan just made a very good point on the BBC's coverage.

 

It's safe to say that we're kicking out the two most experienced economic minds in Britain, a day before this new American shit-storm starts, and a week before the repercussions of Greece are truly felt.

that's true but it'll have no effect on the economy. you can have a doctor of economics as chancellor and they still wouldn't be able to stop a market crash.

  On 5/6/2010 at 11:37 PM, o00o said:

they should just stop the bankers from gambling. the bankers screw it, the states helpt them back on track by ruining themselves. Now the bankers In return bet on the finacial downfall of the countries

that's how you get interest when you put your money in the bank. how did you think it was made?