Don’t worry, just a little bump - $70 is just around the corner. Short traders just keep making those margin calls, mortgage the house if you have to. Fortunes await you! PO is for pansies and doomers. At $70 short some more ..... it is going back to $22 .... the world is awash with oil ........ reality has nothing to do with it, its all in those charts!!!!!!!!!!
Posted: Sat May 21, 2005 2:57 am Post subject: one quadrillion dollars
Just say it once:"one quadrillion dollars". Bet you have never said that before. And yet it is a real number, it is not the savings account of Dagobert Duck.
Imagine that, 4.5 trillion a day. In just two days the equivalent of the whole US GDP is traded on this market. It is one thousand times the size of the entire oil market. It is just unbelievable.
The thought that something could go wrong in this market, makes the hair at the back of my neck stand up. Warren Buffet called this market a financial weapon of mass destruction. If I just look at these numbers I can only say he's right.
Just say it once:"one quadrillion dollars". Bet you have never said that before. Smile And yet it is a real number, it is not the savings account of Dagobert Duck.
"There are 10^11 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers."
Joined: May 20, 2005 Posts: 203 Location: Austin, Tx
Posted: Sat May 21, 2005 7:40 pm Post subject: Re: one quadrillion dollars
smiley wrote:
Just say it once:"one quadrillion dollars". Bet you have never said that before. And yet it is a real number, it is not the savings account of Dagobert Duck.
Imagine that, 4.5 trillion a day. In just two days the equivalent of the whole US GDP is traded on this market. It is one thousand times the size of the entire oil market. It is just unbelievable.
The thought that something could go wrong in this market, makes the hair at the back of my neck stand up. Warren Buffet called this market a financial weapon of mass destruction. If I just look at these numbers I can only say he's right.
My apologies if this is a stupid question, but who exactly is doing all this trading and where is the money coming from? Is this private traders, national governments or what?
Joined: Apr 17, 2005 Posts: 296 Location: Rual ID, USA, World
Posted: Sat May 21, 2005 8:36 pm Post subject: Re: one quadrillion dollars
RG73 wrote:
My apologies if this is a stupid question, but who exactly is doing all this trading and where is the money coming from? Is this private traders, national governments or what?
I think the answer lies near the bottom of the article:
Quote:
About DTCC
Through its subsidiaries, DTCC provides clearance, settlement and information services for equities, corporate and municipal bonds, government and mortgage-backed securities and over-the-counter derivatives. DTCC's depository also provides custody and asset servicing for more than two million securities issues from the United States and 100 other countries and territories. In addition, DTCC is a leading processor of mutual funds and insurance transactions, linking funds and carriers with their distribution networks. DTCC has operating facilities in multiple locations in the United States and overseas. For more information on DTCC
In short, anybody, any bank, any governmental agency that deals with money.
ArimoDave _________________ I know exactly where we are;
. . . .
don't know where we're going, but no use in being late.
(Mathew Quigley [Tom Selleck])
Joined: Apr 01, 2005 Posts: 18 Location: Deutschland HE
Posted: Fri May 27, 2005 3:48 pm Post subject:
_sluimers_ wrote:
Quote:
Just say it once:"one quadrillion dollars". Bet you have never said that before. Smile And yet it is a real number, it is not the savings account of Dagobert Duck.
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And yet it is a real number, it is not the savings account of Dagobert Duck.
