This is an extremely, and I stress extremely, rare event. It also speaks to the more general notion that, in today's highly disrupted financial markets, the unthinkable is thinkable They now get it. Too late.
To: TigerLikesRooster; Uncle Ike; RSmithOpt; jiggyboy; 2banana; Travis McGee; OwenKellogg; 31R1O; ...
We have a ‘black swan,’ ping!
2 posted on
09/15/2008 1:52:58 AM PDT by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: TigerLikesRooster
Hey, correct me if I am wrong but are not most of these Wall Street companies that are going broke run by graduates from Ivy League Schools??????????????
This does not speak so well of Obama and his connection to Colombia and Hardboard......
3 posted on
09/15/2008 2:06:29 AM PDT by
OKIEDOC
(The Difference Between Palin and Obama is Common Sense, She's GOT IT, He DOESN'T)
To: TigerLikesRooster
Hells bells it was just last year that CEO’s were getting 200 million dollar bonuses and even some of the very lower underlings got $150 to $250,000 dollar bonuses.
Wall Street is suffering GM ITIS.
4 posted on
09/15/2008 2:10:38 AM PDT by
OKIEDOC
(The Difference Between Palin and Obama is Common Sense, She's GOT IT, He DOESN'T)
To: TigerLikesRooster
Europe is taking a beating right now. Asia had one earlier. The Circuit Breakers might get used today.
| Symbol |
Name |
Last Trade |
Change |
Related Info |
| ^ATX |
ATX |
3,188.19 5:02AM ET |
 133.01 (4.00%) |
Components, Chart, More |
| ^BFX |
BEL-20 |
2,972.03 5:18AM ET |
108.57 (3.52%) |
Chart, More |
| ^FCHI |
CAC 40 |
4,150.88 5:18AM ET |
181.78 (4.20%) |
Chart, More |
| ^GDAXI |
DAX |
6,021.44 5:02AM ET |
213.45 (3.42%) |
Chart, More |
| ^AEX |
AEX General |
385.10 5:18AM ET |
14.47 (3.62%) |
Chart, More |
| ^OSEAX |
OSE All Share |
413.31 5:02AM ET |
17.93 (4.16%) |
Components, Chart, More |
| ^MIBTEL |
MIBTel |
21,080.00 5:18AM ET |
669.00 (3.08%) |
Components, Chart, More |
| ^IXX |
ISE National-100 |
80.43 Sep 12 |
0.00 (0.00%) |
Chart, More |
| ^SMSI |
Madrid General |
1,188.37 5:15AM ET |
39.03 (3.18%) |
Components, Chart, More |
| ^OMXSPI |
Stockholm General |
261.91 5:17AM ET |
8.83 (3.26%) |
Chart, More |
| ^SSMI |
Swiss Market |
6,997.77 5:17AM ET |
217.73 (3.02%) |
Chart, More |
| ^FTSE |
FTSE 100 |
5,227.70 5:02AM ET |
189.00 (3.49%) |
Components, Chart, More |
6 posted on
09/15/2008 2:19:38 AM PDT by
BGHater
(Democracy is the road to socialism.)
To: TigerLikesRooster
Derivative traders open session to reduce Lehman risk(unthinkable is thinkable now)Looks like the "hall of mirrors" that the US financials has become is about to come crashing down. Boo-hoo. I am glad that dried up old fish is going to live to see it.
16 posted on
09/15/2008 4:08:22 AM PDT by
central_va
(Co. C, 15th Va., Patrick Henry Rifles-The boys of Hanover Co.)
To: TigerLikesRooster
...A rare emergency trading session opened Sunday afternoon to allow Wall Street dealers in the $455 trillion derivatives market reduce their exposure to a potential bankruptcy filing by Lehman Brothers...Well that's nice but what about mom and pop? Why weren't they given the same chance to dump Lehman stock before the announcement?
17 posted on
09/15/2008 4:27:10 AM PDT by
FReepaholic
(Palin's hot and she has a birth certificate.)
To: TigerLikesRooster
ISDA estimates the OTC derivatives market excluding commodities has a value of $455 trillion.Nothing on this planet is worth that much. What is the "derivative market" backed with?
They "claim" its worth $455 trillion but it's just paper.
20 posted on
09/15/2008 4:41:39 AM PDT by
raybbr
(You think it's bad now - wait till the anchor babies start to vote!)
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