How's It Feel To Trade 1,000 Points Down? | ACRIMONEY, The Wild Wild World of Wealth

How’s It Feel To Trade 1,000 Points Down?

Posted by Norb Vonnegut on 5/09/10 • Categorized as Capital Markets

Last Thursday the Dow lost almost 1,000 points in less than ten minutes. Then, the markets rebounded something fierce. Here’s a guy calling action in the pits. Watch the right corner of the screen as the market slumps:

May 6, 2010 S&P Call: Ben Lichtenstein www.TradersAudio.com/index.html from Frank1970 on Vimeo.

This real-life play-by-play makes Trading Places seem tame by comparison. I wonder if they had any oxygen handy.

Norb Vonnegut

About the author

Norb Vonnegut wrote 178 articles on this blog.

Do you ever feel the financial news makes no sense? Do stories leave you with more questions than answers? I created Acrimoney to discuss Wall Street’s behavior behind the headlines. As a veteran of a wealth management business that exceeded $1 billion in assets, I offer insight into the people and the “doings” that affect your money. I’ll start the discussion. But I hope you’ll jump in and say what you think.