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massive panic on the stock markets.


chaosmachine

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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/

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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?)

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Guest Gary C

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.

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Guest margaret thatcher

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

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Guest Drahken

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.

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Guest Gary C

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.

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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

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Guest margaret thatcher

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.

 

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?

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