BoatBanter.com - View Single Post - economist blames wall street for collapse

Canuck57[_9_]

On 09/05/2010 11:40 AM, wrote:
On Sun, 9 May 2010 10:05:08 -0700,
wrote:

It was a trillion that never really existed in the first place. It was
just phony paper "money" they created out of thin air.

While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!

A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.

If my broker screwed up one of my trades, I would ask his manager if
they liked my business, they would fix it. And if they didn't, I would
put the facts on the internet. I don't tollerate screw ups on my
banking/trading.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.