Open Thread

Scott, we discussed notaries a couple of weeks ago. Kindly pay closer attention from now on. And don’t use your Dallas trip as an excuse not to have studied the OT.

“I see no problem with trading on these kinds of events. It’s not like DIBS caused the earthquake or anything.”

This might be a man v. woman thing, but for me, it was the timing, seemed insensitive.

But in the WTC scenario, where you liquidate, that isn’t a perfect analogy because there you’re acting in self-preservation. The scenario were you short the market is comparable and I think not something I would have done.

Dibs – I thought the shares were liquified but now that I am talking to all – I am understanding what will be given back and it’s exactly what they would be holding – the shares! duh! -UGHHHH maybe NUE will go up now – I know you all would advise me to keep them – but um, I sorta need that cash obviously – kid needs daycare when I go to work and the amount of the shares would cover a years worth almost….

“Ummmmm, what other alternatives were you expecting?????”

I thought maybe the securities were sold before the state got them from the brokerage. I was wrong but I don’t think that would be an impossible scenario.

I see no problem with trading on these kinds of events. It’s not like DIBS caused the earthquake or anything.

Let’s say you’re at your trading desk on the morning of 9/11, and let’s pretend the market is open. You see the plane coming and have about 20 seconds in which you can make a trade before the place hits, and in that 20 seconds there is absolutely nothing else you can do to make the plane not hit the towers or to save anyone or anything.

1. Is it wrong to put in a sell order to liquidate all of your stocks?

2. What about putting in a huge short or buying a ton of put options? (this sounds a lot worse to me)

And what about when markets open back up a week later. Is it wrong to buy up a bunch of stocks that you think are undervalued from being oversold in the panic?