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To: Condor who wrote (22783)10/24/2003 10:42:00 AM
From: Louis V. Lambrecht  Read Replies (1) | Respond to of 39344
 
Condor. Geez! You are an optimist!
No. I am talking of a real incident.
An redemption of funds, then funds of funds, then hedged funds of funds,...with no one left to bid up the market for shares.
When J6P would take his cards back from below the house of cards.
When Dollar trading volumes gets to average again. (see Alan Newman of cross-currents cross-currents.net - not updating today, so take the archive cross-currents.net )

IMHO, if the confidence in the markets would start to be lost this would be immediate (too many black boxes running risk management, would all exit at the same time).

Why do the exchanges have provisions (circuit-breakers) for up to 30% below previous day? For the fun of it?
cboe.com

That is also why, among other rules, I stopped trading more than 20% of my capital on any one exchange.
At least I try, still have to cut some positions. <g>



To: Condor who wrote (22783)10/24/2003 11:44:56 AM
From: Eva  Read Replies (1) | Respond to of 39344
 
Condor

I was talking more on the line as Louis. What if we ge an attack on the internet, power outages, records get messed up, etc.etc some unheard events, who knows, new technology, new way's to mess up, and may be no way to get to your money!
That is what scar's me!
Thanks for all your other idea's__ valuable too

Eva
trying to be happy with today