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This is getting kinda bad.



August 08, 2011 – Comments (4)

I was expecting a 300 to 400 pt drop followed by some government fixing. I saw some early bond fixing followed by a 700 pt drop and the day ain't over yet. I'm taking this as government capitulation.

4 Comments – Post Your Own

#1) On August 08, 2011 at 3:44 PM, kdakota630 (28.87) wrote:

I was so sure we were going to have a 400-500 point drop that I figured I was probably wrong.  When discussing it with a friend yesterday he made that call and I told him it would probably only be a 50-60 point drop.

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#2) On August 08, 2011 at 3:47 PM, whereaminow (< 20) wrote:

Paper money really smooths out the boom/bust cycle, doesn't it?

David in Qatar

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#3) On August 08, 2011 at 3:52 PM, outoffocus (22.87) wrote:

I could have honestly made money today just buying put options...sheesh...

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#4) On August 08, 2011 at 4:16 PM, ChrisGraley (28.49) wrote:

I bought 12 different put options on crap today.

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