The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: Giordano Bruno who wrote (31070)	10/18/2010 10:39:21 PM
From: John	Read Replies (1) of 71463

Yes, very interesting. How is your confidence in the soundness of market execution these days, all things considered? -ng- How convenient that a flash crash can occur and then, the "authorities" can arbitrarily cancel all of the transactions. Of course, there is never any proof that ALL of the transactions were, in fact, cancelled. Here is the latest on the SPY after hours flash crash... seekingalpha.com Edit: One more thought based on the following passage from the article: Not much was publicly known between 16:15pm and the release of a Bloomberg article claiming that NYSE Euronext had ruled on cancelling these orders (subject to appeal). As of 19:00 EST, there is still an 800 share bid at 106.46. "...subject to appeal..." Let's consider the ramifications of this for a moment. Assume that you had an SPY trade execute during one of these flash crashes. Now, assume that the entire fiasco goes through an appeals process. Your capital could be frozen in the interim, until a resolution is reached, depending on your broker and situation!

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