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 Dow Plunges 998 Before Paring Losses

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Sauros

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Posts : 516
Join date : 2009-05-14
Age : 44
Location : London

PostSubject: Dow Plunges 998 Before Paring Losses   Thu May 06, 2010 8:56 pm

Bloomberg wrote:
U.S. stocks tumbled the most in a year on concern that Europe’s debt crisis will halt the global
recovery. The selloff erased $1.25 trillion in market value as the Dow Jones Industrial Average fell almost 1,000 points, its biggest intraday loss since 1987, before paring the decline.

Wow what a day !!! 1000 points down in one hour (around 7pm in London) while I was screen off and the European markets were closed....
Fortunately I'm still alive and not hurt so much:
- I cut my long indices position more than a week ago and traded lately on the short side. I took my profit yesterday and missed the big move, but in this kind of situation the most important thing is to survive, becoming rich is secondary
- Should be hurt on my long asian position, we'll see tomorrow how the asian markets react. I was sit on a nice paper profit, I think I should be left with a small profit for now
- wiped out on my long USDJPY position, but fortunately, I had so much trouble to trade properly the pair that my stake here was minimal.
- Nice profit on my long gold position

After today, anyone ultra rich? anyone dead?
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