End of the crash of 1987?

[ghotib]

Everyone knows that program trading played a big part in the 1987 crash right? This article talks about the NYSE ending controls on program trading because they don't affect volatility. Does anyone understand:

(a) Does the article make sense?
(b) Does what it says the NYSE says make sense?
(c) Does this action have any particular significance?

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahZh1lKYXD8w&refer=home

Thank you, oh learned ones.

Ghoti (trying to decide what to worry about next)

 

[Trader Paul]

Hi ghotib,

DOW ..... if today's market crashed by the same amount in ONE DAY,
as the 1987 crash, we would see the DOW trading at about 10500,
by day's end ... !~!

...... if anybody has the experience in such big swings, then it must
be NYSE, but only further fallout in the US economy and currency
markets will give us the true picture in years to come ...

..... and what if there's a NATURAL disaster of GIGANTIC proportions???

Now, there's a scenario, that even the PPT would have trouble
stemming flood of selling orders ..... !~!


In fact, their first test may come in early-December 2007, when there
may well be a BIG fiery world event, around 09-10 December 2007 ...

(See 2007 outlook posted early this year, in the Gann thread, for more info.)

have a great day

paul



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[kransky]

In fact, their first test may come in early-December 2007, when there
may well be a BIG fiery world event, around 09-10 December 2007 ...

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interesting prediction.. thats like 3 weeks away... we will see very soon!