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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (14795)	2/28/2007 4:20:11 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 217546

I think you're "wayo" out of touch with reality. If you watched the market, and I'm sure you didn't, its quite clear this glitch occurred. The Dow Jones Industrials Index dropped almost 300 points within seconds. The reality is that the market was declining far more than was reflected in the Dow Jones Index because the index was being calculated on prices which were almost an hour old while, in reality, the market declined steadily. Once Dow Jones switched the Index calculation to real-time data, it was suddenly correct - that is almost 300 points lower. The market can drop 300 points in an hour. Dropping 300 points in a few seconds is simply unbelievable. The problem was calculating the index on the same computer as trades were being cleared, but assigning the index calculation to a lower priority for computer time. The computer systems for our markets, like most businesses, are a collection of various bits cobbled together. Its amazing they work as well as they do. .