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Ready for Black Friday? Automatic market breaks removed, Oil will surpass $100/bbl, bad news from Citibank @ 11:30AM.

 
Anonymous Coward
User ID: 183132
United States
11/02/2007 02:59 AM
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Ready for Black Friday? Automatic market breaks removed, Oil will surpass $100/bbl, bad news from Citibank @ 11:30AM.
It's the perfect storm. I'm guessing a minimum 1000 point drop.
sillygalah
User ID: 50975
Australia
11/02/2007 04:44 AM
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Re: Ready for Black Friday? Automatic market breaks removed, Oil will surpass $100/bbl, bad news from Citibank @ 11:30AM.
OP - I wonder if you can tell me, I can't seem to find out for sure. Have those automatic breaks actually been removed yet or is it still a proposal?

I believe they were still in operation last night, which is just as well (as someone said to me this morning)because the market would have been down even more.

Meanwhile those floods in Mexico can't be good news for oil production (see thread and BBC link above) because apparently most of the oil export industry is shut down.

The sixty-four-dollar question. Will we see a 1000 point down day on the DJIA from current levels? Perhap when those market breaks are removed which would allow the big money to effectively hedge portfolios? Wouldn't be that much in the overall scheme of things. A 7.5% drop in one day would be big news of course, but not 'a largest event in history' by any stretch.
Anonymous Coward
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11/02/2007 08:46 AM
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Re: Ready for Black Friday? Automatic market breaks removed, Oil will surpass $100/bbl, bad news from Citibank @ 11:30AM.
The breaks were removed. Then put back on.

The NYSE called a do over.
Anonymous Coward
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Austria
11/02/2007 08:48 AM
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Re: Ready for Black Friday? Automatic market breaks removed, Oil will surpass $100/bbl, bad news from Citibank @ 11:30AM.
There won't be a crash.
PPT to the rescue!
Dave bassett
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United Kingdom
11/02/2007 08:50 AM
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Re: Ready for Black Friday? Automatic market breaks removed, Oil will surpass $100/bbl, bad news from Citibank @ 11:30AM.
its black friday here in Leeds, i'd better nip out sharpish and get a sandwich before its starts to rain.
Anonymous Coward
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Germany
11/02/2007 09:22 AM
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Re: Ready for Black Friday? Automatic market breaks removed, Oil will surpass $100/bbl, bad news from Citibank @ 11:30AM.
dow will end the day up 140.
Little Star

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11/02/2007 10:10 AM
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Re: Ready for Black Friday? Automatic market breaks removed, Oil will surpass $100/bbl, bad news from Citibank @ 11:30AM.
Read this: It says to sell your oil stocks.

[link to www.telegraph.co.uk]
Anonymous Coward
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United States
11/02/2007 10:10 AM
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Re: Ready for Black Friday? Automatic market breaks removed, Oil will surpass $100/bbl, bad news from Citibank @ 11:30AM.
My construction company is done, why bankrupt, no money left!
19.47™
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United Kingdom
11/02/2007 10:17 AM
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Re: Ready for Black Friday? Automatic market breaks removed, Oil will surpass $100/bbl, bad news from Citibank @ 11:30AM.
300802,

"There won't be a crash.
PPT to the rescue!"

Yeah you are probably right.
Anonymous Coward
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United States
11/02/2007 10:21 AM
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Re: Ready for Black Friday? Automatic market breaks removed, Oil will surpass $100/bbl, bad news from Citibank @ 11:30AM.
it's for program trading only

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