Reply to: Ftse

[Jeebo72]

All's well again ...

[fullyautomatix]

And Dow 10,000 breached.

Scary!

[Scary]

And Dow 10,000 breached.

[AtW]

goodbye dirty spekulants.....

Key points from the bill:

" * the creation of a new watchdog agency
* restraints on larger banks, allowing them to take fewer risks
* requiring borrowers to prove that they can pay back even the most basic of mortgages
* giving the Federal Reserve the power to take control of large firms at risk of collapse - and break them up if necessary
* reform of the complicated derivatives market."

Massive "reform"

[Bright Spark]

Also the US senate approved the reforms on wall street, might also explain the drop where
seeing on the FTSE, goodbye dirty spekulants.....

BBC News - US Senate approves sweeping reforms of Wall Street

[fullyautomatix]

Cripes!

I don't know much about the stock market and so on, but I imagine a round number of 5000 must be quite a significant trigger of some kind

Traders are known to have trigger points and when that gets hit during a crash, their computer algorithms start selling out.

FTSE has been bouncing off 5K since yesterday but I think it was a bit too much for the plunge protection team to handle.

[OwlHoot]

and back on subject.

Sub 5000 and free falling.

Cripes!

I don't know much about the stock market and so on, but I imagine a round number of 5000 must be quite a significant trigger of some kind

[MarillionFan]

and back on subject.

Sub 5000 and free falling.

[threaded]

<mutters something about black-scholes>

Black-Scholes, ah yes, when I first saw that I muttered: that's the old Bronzin dusted off, didn't work then, won't work now, but there's good money to be made coding it up.

[suityou01]

I thought the definition of 'volatile' in the context of markets meant the amount of options activity. It may have been some time ago, so forgive me if the definition has changed or my remembrance of it is mistaken.

<mutters something about black-scholes>

Yes, of course you are right. Also when the FTSE line zig zags up and down is also a good measure of volatility. This time around, as in 2008, market confidence and liquidity are low so things tend to jump around quite a bit. Good news for those with short straddles, and of course the dirty spekulants.

[threaded]

To say the markets are not volatile is cretinism of the order that would mildy impress SASGuru.

Dow 1000 pip plunge ring any bells.

I thought the definition of 'volatile' in the context of markets meant the amount of options activity. It may have been some time ago, so forgive me if the definition has changed or my remembrance of it is mistaken.

[fullyautomatix]

Thought I may pop out for a Guinness and a fag.

Also, it could just be a bit of Friday profit taking?

Why, have they banned Thursday profit taking ?

[suityou01]

About to test the 5K level at the moment.

The shorters must be out in force to drag the index below 5K.

SY,any thoughts ?

Thought I may pop out for a Guinness and a fag.

Also, it could just be a bit of Friday profit taking?

[fullyautomatix]

About to test the 5K level at the moment.

The shorters must be out in force to drag the index below 5K.

SY,any thoughts ?

[suityou01]

whs++

To say the markets are not volatile is cretinism of the order that would mildy impress SASGuru.

Dow 1000 pip plunge ring any bells.