Financial Ramblings: Crazy week

By: ispeculatornew
Date posted: 05.08.2010 (8:58 am) | Write a Comment  (4 Comments)

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Wow, to anyone involved in the financial markets, this was a crazy week. You have probably heard a lot about Thursday where markets acted insane for a part of the afternoon, dropping at the speed of light with some stocks such as Proctor & Gamble trading at 0.01$ while they were worth over 60$  just minutes before. Take a look at the chart of Proctor & Gamble (courtesy of stockcharts).

Truly insane. Stocks, forex, commodities, everything was out of control. But we survived and the markets recovered. It’s not clear yet how it all happened but I’m certain we will get some answers in the coming days. So now, here are some of the more interesting readings from the week:

Blame high frequency trading @ TheBigPicture
Where was Goldman as a liquidity provider? @ ZeroHedge
Dow Jones crashed: Stupid tradding error @ TheDigeratiLife
Market Free Falls, Gold stocks climb higher @ MarketTradingtoGo
Buffet’s bet against hedge funds @ CanadianCapitalist
Canadian interest rate forecasts @ TheFinancialBlogger
Fixed annuities: Pros and cons @ Moolanomy
Asset allocation: Know your asset clauses @ GreenPandaTreeHouse
Owning rental property vs owning a REIT @ MillionDollarJourney

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  1. Comment by Canadian Capitalist — May 10, 2010 @ 11:00 am

    Thanks for the mention! Cheers!

  2. Comment by Blain Reinkensmeyer — May 10, 2010 @ 12:49 pm

    Thanks for the plug!!! 🙂

  3. Comment by Blain Reinkensmeyer — May 10, 2010 @ 12:50 pm

    MarketTradingToGo = StockTradingToGo 🙂

  4. Comment by IS — May 10, 2010 @ 1:05 pm

    LOL..wrote that down too quickly, thanks for the clarification Blain:)

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