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Desc:Market meltdown - may 6th, 2010
Category:Horror, Religious
Tags:what hell sounds like, stock market, market crash, 1060 bid at 1070 ask
Submitted:urbanelf
Date:05/08/10
Views:1576
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Comment count is 11
moldprince - 2010-05-09
Wall Street trader dudes sure do have shitty goatees. and they look like assholes.

I learned all of that from the pre-load image. Why did I sit through ten minutes of this again?
erratic - 2010-05-09
I have no idea what any of this means. withholding stars until I get some answers
rroach - 2010-05-09
I agree. I barely understand what a Dow point is, actually.

SPOONFEED ME.

godot - 2010-05-09
This is racetrack commentary from the S&P 500 futures pit at the Chicago Mercantile Exchange.

Bid: offer to buy
Ask/offer: offer to sell
Handle: portion of the price that isn't in question. In this case its the first two digits.

Floor traders at the CME are often trading for their personal accounts, and since these are futures, often heavily leveraged. So an intraday print that dropped 6% in 4 minutes could have ruined some, and made others, on the floor that day.

godot - 2010-05-09
Doesn't really deserve 5 stars, just keeping it aloft til others interested in Thursday's episode have a chance to listen. Feel free to vote this into oblivion...

VoilaIntruder - 2010-05-09
Thanks, I had an idea of what was happening but didn't know who the Angry Number Shout-Man was, or why he was number shouting. I wish his microphone would have picked up more of the background noise, the passion of a bull fight.

simon666 - 2010-05-09
I, too, was awaiting an explanation like this, godot. Thanks.

Syd Midnight - 2010-05-09
Hogs devouring pigs.

Cena_mark - 2010-05-09
It sounds like a wrestling match
Louis Armstrong - 2010-05-09
I concur, just with a auction element thrown in.

I got black face paint yes! Black face paint here....

garcet71283 - 2010-05-09
By the end, it sounds like the gay guy from Independence Day :D
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