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

To: TobagoJack who wrote (89883)	5/8/2012 5:03:28 AM
From: Haim R. Branisteanu	Respond to of 219831

TJ, since when are you counting of what old Far&^ are saying on CNBC? To me it is highly suspect why the whole "hoopla" around charlie munger and warren buffett, as there are much more talented people than the mentioned duo, who can give their investment wisdom in real business but seems are more busy with what they do, in contrast to comming with preaching nonsense on CNBC , ..... like a Mexican guy or a French guy etc., etc., not to mention some Russians as to your comments; my curt responses to the three evil ones, (i) for as long as civilization had been, gold had been right there, and as gold became necessary, civilization retrogressed - ask the romans and query them on their bankrupted pension system yes agree on that (ii) gold is not meant to be productive, and has no chance of doing an enron or pull an argentina and also on this one (iii) in a flash crash, bet gold would out perform msft and brk-a, and am wagering that the mother of all flash flushing crash shall be part of the game we are in without way out yes but I would not hold my breath on this (iv) cnbc may soon ask google founders what they collectively think about gold relative to prime evil goog we should wait and see cheers, Haim

To: TobagoJack who wrote (89883)	5/8/2012 6:24:21 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 219831

Two years after the frightening spring day when the Dow Jones Industrial Average lost and regained about 600 points in a matter of minutes, we still don’t really know why. This is a problem, because it means something similar -- or worse -- could happen again. The Flash Crash of May 6, 2010, was more than a mere technical glitch. A hedge fund in Dallas lost several million dollars when the price of options it was buying suddenly spiked from 90 cents to $30 per contract. A man named Mike McCarthy lost $17,000 because his order to sell shares in Procter & Gamble Co. happened to be executed at roughly 2:46 p.m., just after the price hit rock bottom. bloomberg.com There is nothing blameworthy about what the high-frequency traders did. Market makers aren’t charities, and their algorithms were only saving their skins amidst extreme market turbulence. Their actions do, however, rather undermine the common argument that high-frequency traders bring wonderful benefits to the market through the liquidity they provide. That liquidity, as many have pointed out, has a rather ghostly quality and tends to vanish when needed most.