To: stan_hughes who wrote (357195 ) 2/13/2008 3:47:58 AM From: LTK007 Read Replies (2) | Respond to of 436258 <<although narrowly based>> imo, it goes far beyond the individual trader playing the dip. The base now involves big money armed with super computers that buying dips even without human intervention. The huge hedge funds that churn the market will , all computer calculated, short side derivatives in place to protect them if a dip buy some how crashes. Dip trading is now an intimate part of a world industry. Given that the market shutsdown if DOW goess -10% on the day, i suspect the worst possible case in one day would be -10%. The worst case, a colossal exogenous event, that would set a worldwide chain financial disaster, that is the huge question: how would it handle it today(we are talking well beyond a 9-11, in which the market closed because of actual physical damage)as opposed to 1914. The outbreak of WWI was NOT anticipated, the view was a hard-core "It will NEVER happen--ever". Yes, believe or not, in spite all the storm warnings the financial markets REJECTED such an event would ever happen. And when it happened all hell broke loose, a financial meltdown world wide, so they then closed the market worldwide. Stopped/Closed, and for months. In the case of the DOW, it was closed for 4 months, when it opened 4 month later it opened down 30%. ********************************************************** Some one stop that max, get out the tools, quick! ********************************************************** Now the view is , the world is far more rational, it knows how to kill efficiently and confine hell holes of atrocity in contained pockets of warfare. Humankind has , through the the gentile process of science and technolgy, learned to cause death and destruction and living hells in a manner more acceptable to the world markets, this is called civilization marching ahead onward and upward, glory glory halleluah, verily, i say unto to you this is progress. So the , Masters of The Earth need not worry about the what if a WWIV? Like are we not men???? So let's discard that nasty what if? As we are now so civilized--and gawd knows we have G7 watching over us. Wonder what Albert Einstein's View of Man's grand progress through science and technology be: Hmmm what isthis?? "Science and Technology being put in the hads of Governments is like putting an axe in the hand of a pathological criminal" Albert Einstein. i can't imagine what he could have been thinking, i have seen no such evidence, the damned idiot. signed; Max Lobotomized, mellow bot.