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Why no Black Thursday thread, is this chaos the norm now?

No need... the big difference from 1929 is the lack of a huge one day fall. The market gets obliterated over 2 years down to a tiny fraction of its starting value pre-bubble.

The lack of the huge one day fall comes about from faster communications, better automated trading, limits on automated trading, and much wider use of derivative positions. Also slow day by day falls puts the market in the position of the frog slowly coming to the boil. It keeps dropping, traders keep persuading themselves that the banks will yield good dividends, and ignore the deflation of some items, inflation of others, and general financial carnage.

At the end the situation is the same, huge destruction of credit = destruction money and worldwide financial depression.

Or, that might be what is going on!

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just profit taking after a huge run up in too short a time. up 700plus points in 4 days, some bank stocks almost doubled Lehman from 11.5 USD to 22USD. It would be greedy not to ring the register on profits like that.

yep fortunes have been made over the past few days, long way off the 13800 in early December, strange to think it's only seven months ago..once it breached 14k in October 15k looked realistic...

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yep fortunes have been made over the past few days, long way off the 13800 in early December, strange to think it's only seven months ago..once it breached 14k in October 15k looked realistic...

I wish I was a trader I would love to be working in these markets it would be a buzz. I bet the good guys are loving it.

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