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Crazy market tests trader
Stock market swings pressure one Wall Street trader. CNN's Richard Roth patrols the floor.
Still trading lower, you are OK with the 40 sellout? Yes.
Riding the roller coaster week on Wall Street. About 150-200 up at 20 cents. Ok. Stock trader Steve Grasso hung on tight, prowling the floor of the New York stock exchange. Describe your emotions and mood this week in trading. Have you ever been seasick? That’s what it's felt like. Best buyer but Seller? Best buyer,Morgan Stanley ,180 bail, legacy on the sales side 100 bail. Perfect,thank you.
For Grasso and other traders they come in the financial storms. I’ve done this for a long time, so that I am sort of immune to it where the ups and downs of the market don't really have the effect that they will on a normal investor. They are up. What does this floor feel and act like during such turmoil in the markets? I think this is where the floor shines ,you want to have a human element, and this is what we all are here for.
They worried here on Monday when global markets tanked, US markets were closed,New York initially plunged on the Tuesday opening. It didn't make a whole lot of sense,and technically this market was oversold and was ready to bounce back. I'm not sure he has been slightly tech-sensitive, I can't make the call whether or not it was the company buyer I am on my feet 100% of the day,I don't sit. To sorrow you are walking around all day when you first start this buisiness,you feel like a flamenco, cause you are bending one leg at a time, you stretch yourself out, but you want to get comfortable shoes,you want to be able to move, It's rather the head. What’s your blood pressure? Um…perfect,as long as I don't have a cheese burger for lunch. Send this, need a look.
The hair-raising dives and rallies don't bother Grasso,since his job is to find the right buyer sale price for his heavy weight clients whether the market is higher or lower you will hear from a cab driver, you will hear from everyone,“Oh my god it's the end of the world". Well I think that is that problem is that we live in a society where the markets are just a click away of the mouse now. So everyone has become a pseudo market professional. Got it, perfect,thanks Pad.
Richard Roth, CNN New York.
Notes:
Hair-raising: Causing excitement, terror, or thrills
