Twice, weve had flash crashes, including one that occurred this very day last year, 2015. Whats a flash crash . Its when the market drops quickly, almost in the blink of an eye, resulting in a dramatic down turn of about 1,000 dow points. Its not the definition of an afternoon plummet six years, hence the fool me once, fool me twice rule. Thats why i want to set up some crru when the next one comes. Notice i didnt say if. I said when. Because if you implement good rules, were dealing with machines. We know machines break. Its what happens. Lets go over the very basics of what cause a crash. Something that was thought to trigger truly horrendous here it produces a tremendous amount of fear and paralysis, at post 9 00, im trying to figure out what was going on. We in the cross hairs of multiple stocks bidding machine guns, in a free fire zone, where we didnt know if we should duck under the table or run for our lives. Why was it so jarring . Even though we fully expected a decline going
Twice, weve had flash crashes, including one that occurred this very day last year, 2015. Whats a flash crash . Its when the market drops quickly, almost in the blink of an eye, resulting in a dramatic down turn of about 1,000 dow points. Its not the definition of an afternoon plummet six years, hence the fool me once, fool me twice rule. Thats why i want to set up some when the next one comes. Notice i didnt say if. I said when. Because if you implement good rules, were dealing with machines. We know machines break. Its what happens. Lets go over the very basics of what cause a crash. Something that was thought to it produces a tremendous amount of fear and paralysis, at post 9 00, im trying to figure out what was going on. We in the cross hairs of multiple stocks bidding machine guns, in a free fire zone, where we didnt know if we should duck under the table or run for our lives. Why was it so jarring . Even though we fully expected a decline going in, this tv trucks were down there,
Twist thrown in. Should be tattooed on our foreheads if were going to invest in this market. The s p declined 2 . But twice in the last six years, twice, weve had flash crashes, including one that occurred this very day last year, 2015. Whats a flash crash . Its when the market drops quickly, almost in the blink of an eye, resulting in a dramatic down turn of about 1,000 dow points. Its not the definition of an afternoon plummet six years, hence the fool me once, fool me twice rule. Thats why i want to set up some crash rules so youll be ready when the next one comes. Notice i didnt say if. I said when. Because if you implement good rules, were dealing with machines. We know machines break. Its what happens. Lets go over the very basics of what cause a crash. Something that was thought to trigger truly horrendous here that we couldnt grasp. It produces a tremendous amount of fear and paralysis, at post 9 00, im trying to figure out what was going on. We in the cross hairs of multiple s
A flurry of retail results. Some good, some bad. I wonder if restoration or maybe its devastation hardware. Its brutal and they blame the market. Maybe thats the final proof that the high end customer has rolled over. Has pulled back at least. I dont know necessarily were talking about rolled over but theyre blaming the market and theyre talking about volatility and all the things going out on the markets each and every day and i they when you go through the retail environment its good to see howell home depot did and tjx did also. When you look at the names doing well they have some form of exposure to the housing world and where the spending is going on and maybe other names. Macys surprised us sitting here on the desk. Expectations have been so low. They could have gotten over that bar. But they did. That was the real key. Thats why that stock reacted the way it was. They have been punished and pricing in a lot of the negativity. Youre helping me make my point though steve. Restorat
In behind roger and pick up. Because theres a few things that are going to be going on in the wireless i dont know if anybodys counting but its 41 days until the auction starts. And its great to have a guy like john in the Wireless Bureau who has been involved in this process leading up. And then john leaves a void. Fortunately mark stevens has been our cfo is stepping in to that. As acting managing director. Weve all grown to appreciate and respect mark, and the great skills that he brings. So were looking forward to him continuing that glide path that john put us on. So if there are no other things, i would have request one privilege of the chair to ask the secretary where she was about ay, and to tell us the story of that Great American who happens to be your grandfather. I had the honor and privilege of attending the premier in new york city of race. The incredible and true story of my grand father jesse owens. And i look forward to everyone going this weekend, opening weekend. Won