On 09/05/2010 3:26 PM, nom=de=plume wrote:
wrote in message
news
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.


Yes, thus the money is certainly real for those exercising trades. It also
has the effect of making companies vulnerable to pirates, who would take
advantage of low stock prices. Again, very real consequences.

Not at all. If it were not for those low ball limit orders, the market
might have hit 0. Limit order protect variances, trouble as at the
point of Thursdays almost 1000 point drop there were very few buyers.
Nobody wanted US worthless **** for 10 minutes.

No big. Some of the biggest losers I would never buy. If you can't
take this volitility, then get out.

The real stock price is 100% valued at any one point in time to exactly
what someone will _pay_ to buy the lot sold. Not one cent less or more.

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