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« Reply #80 on: May 06, 2010, 07:34:16 PM » |
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Asia Plunges on Greek Woes, Nikkei Down 4%Asian stock markets opened sharply lower on Friday, after U.S. stocks plunged more than 3 percent lower triggered by Europe's debt crisis gathered speed. Markets were also unsettled by news of erroneous trades on Wall Street which caused the Dow to plunge nearly 1,000 points, wiping out nearly $1 trillion off U.S. equity values, before paring those losses. U.S. stock exchange officials are investigating the incident. http://www.cnbc.com/id/37005954
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Guns Equal Freedom
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« Reply #81 on: May 06, 2010, 07:41:06 PM » |
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I think so many people confuse the fact The United States' Founding Fathers didn't care if The Unites States' Economy was "big or not".
Having a country with a lot of money to back it up is always nice, but The United States' Founding Fathers wanted money that wasn't backed by other people's money just encase something happened to their money, or money that is created just to make debts and people collect the interest of it.
That is why Gold and Silver was the backing of all American Money for this reason.
It isn't how big the country gets, it's about how free the country is.
Until people realize this.
The same things will happen over and over like we are seeing now.
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A Peaceful Anarchy would be like Utopia, but a Minarchy is reality.
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howard
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« Reply #82 on: May 06, 2010, 08:01:13 PM » |
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but golds up $33
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chris jones
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« Reply #83 on: May 06, 2010, 08:16:54 PM » |
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I think so many people confuse the fact The United States' Founding Fathers didn't care if The Unites States' Economy was "big or not".
Having a country with a lot of money to back it up is always nice, but The United States' Founding Fathers wanted money that wasn't backed by other people's money just encase something happened to their money, or money that is created just to make debts and people collect the interest of it.
That is why Gold and Silver was the backing of all American Money for this reason.
It isn't how big the country gets, it's about how free the country is.
Until people realize this.
The same things will happen over and over like we are seeing now.
JFK was well aware of this and stood toe to toe with the FED. LBJ did not, he reinstated the FED and then some. |
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larsonstdoc
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« Reply #86 on: May 06, 2010, 09:39:37 PM » |
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Citigroup. That's almost perfect.
If it was Goldman Sachs it would have been perfect except then it would have been a conspiracy.
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Dig
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« Reply #87 on: May 06, 2010, 10:04:26 PM » |
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CNBC’s Bartiromo: ‘This Really Sounds Like Market Manipulation to Me’ Network reports 8 stocks went to one penny or zero, which contributed to freefall and drawing ire of ‘Closing Bell’ anchor. http://www.infowars.com/cnbcs-bartiromo-this-really-sounds-like-market-manipulation-to-me/Jeff Poor Business & Media Institute May 6, 2010 While everyone is scratching their heads and trying to figure out how the Dow Jones Industrial Average (DJIA) lost nearly 1,000 points before rallying back to lose only 347 points – it appears not to be limited to just one stock. On CNBC’s May 6 “Closing Bell,” correspondent Matt Nesto explained that investigators for both the stock exchanges and for Citigroup, the firm that some are pointing fingers at for a so-called trader error, have narrowed it down to a futures index called the E-mini S&P 500. “A person familiar with the Citi investigation said one focus of the trading probes were the futures contracts tied to the S&P 500 stock index known as the E-mini S&P 500 futures and in particular that two-minute window in which 16 billion of the futures were sold,” Nesto said. “Again, those sources are telling us that Citigroup’s total E-mini volume for the entire day was only 9 billion, suggesting that the origin of the trades was elsewhere.” “Now according to someone else close to Citigroup’s own probe of the situation, the E-Minis trade on the CME,” Nesto continued. “Now Maria, I want to add something else just in terms of these erroneous trades that Duncan Niederauer, the NYSE CEO was just talking about. I mean, we’ve talked a lot about Accenture, ACN. This is a Dublin-based company. It’s not in any of the indexes. If you look in the S&P 500, for example, I show at least two stocks that traded to zero or one cent – Exelon and CenterPoint. If you look in the Russell 1,000, I show Eagle Materials, Genpact, ITC and Brown & Brown, also trading to zero or a penny, and also Casey’s General Stores, as well as Boston Beer trading today, intraday, to zero or a penny. So those have at least eight names that they’re going to have to track down on top of the Accenture trade, where we have the stock price intraday showing us at least, we’ll assume, a bogus trade of zero.” |
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All eyes are opened, or opening, to the rights of man. The general spread of the light of science has already laid open to every view the palpable truth, that the mass of mankind has not been born with saddles on their backs, nor a favored few booted and spurred, ready to ride them legitimately
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kevlar442
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« Reply #88 on: May 06, 2010, 10:17:44 PM » |
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Dow futures up 65 points at the moment. Apparently everything is O.K. now.  |
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"So make your move and plead the fifth cuz you can't plead the first" -Rage Against the Machine
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Valerius
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« Reply #89 on: May 06, 2010, 10:46:32 PM » |
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"CNBC's Bartiromo: 'That is Ridiculous. This Really Sounds Like Market Manipulation to Me' " By Jeff Poor http://www.businessandmedia.org/articles/2010/20100506174136.aspx |
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"No man can put a chain about the ankle of his fellow man without at last finding the other end fastened about his own neck." -Frederick Douglass
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ekimdrachir
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« Reply #90 on: May 06, 2010, 11:07:42 PM » |
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HAZMAT
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« Reply #91 on: May 07, 2010, 01:13:12 AM » |
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Does anyone else think this "oops wrong button lolz" bull is just to keep us from freaking out like Greece?
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citizenx
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« Reply #92 on: May 07, 2010, 01:18:26 AM » |
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Spokesman (CEO?) for NYSE totally discounted the "fat finger" theory today as well. It is pure b.s.
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Tsul777
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« Reply #93 on: May 07, 2010, 01:21:39 AM » |
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If they didn't freak on the trillions stolen already, why would they now?
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I AM POLITICALLY AGNOSTIC AND PROUD OF IT - John Tsul
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« Reply #94 on: May 07, 2010, 01:27:23 AM » |
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Does anyone else think this "oops wrong button lolz" bull is just to keep us from freaking out like Greece?
if anyone believes cramer they are a moron. if anyone believes him when he says the reason for a 1,000 point drop in minutes is because a trader accidently put a b (signifying billion) in a field instead of an m (signifying million) then the fluoridation in their water supply has reached unpecedented levels. |
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All eyes are opened, or opening, to the rights of man. The general spread of the light of science has already laid open to every view the palpable truth, that the mass of mankind has not been born with saddles on their backs, nor a favored few booted and spurred, ready to ride them legitimately
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HAZMAT
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« Reply #95 on: May 07, 2010, 01:33:46 AM » |
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I guess this is supposed to be their "fix." I can't belive they are still trying to convince people of this shit. The Nasdaq Stock Market will cancel trades of stocks that moved 60% above or below the last price at 2:40 p.m. and 3 p.m. EDT Thursday.
A trading error is being blamed for a wild swing in the stock market on Thursday, during which the Dow at one point lost almost 1,000 points before closing down 348.
NYSE Arca also will cancel electronic trades in the same time frame, said Katrina Clay, an NYSE Euronext spokeswoman.
Nasdaq OMX Group issued the following statment after the market close Thursday: "NASDAQ reported that we had no technology or system issues associated with the trading that occurred between 2:00 and 3:00 p.m. ET today. Our market close process ran successfully. We have coordinated a process among US Exchanges and therefore, pursuant to rule 11890(b), NASDAQ, on its own motion, will cancel all trades executed between 14:40:00 and 15:00:00 greater than or less than 60% away from the consolidated last print in that security at 14:40:00 or immediately prior.
"This decision cannot be appealed. NASDAQ has coordinated this decision with all other UTP Exchanges. NASDAQ will be canceling trades on the participant's behalf. The stocks affected and the break points will be disseminated shortly."
http://www.thestreet.com/story/10749500/1/nasdaq-nyse-arca-to-cancel-60-swing-trades-in-selloff.html?kval=dontmiss"The hopes were that this IMF/German bailout would be the rescue for Greece and the euro currency. But if you look at credit spreads, that's clearly not the case," said Michael Pento, senior market strategist at Delta Global Advisors. " I think this reminds me too much of the summer of 2007 when we first saw the Bear Stearns hedge funds collapse. I think this is the first salvo of a metastasizing sovereign debt crisis that will spread," also saying the contagion could go beyond Europe and into Asia and the U.S." It's a very real crisis," he said. "I'm afraid over the next few years here it's going to come to America. And I guarantee you this -- there is no IMF bailout coming to the U.S." Overseas, Hong Kong's Hang Seng lost 1% while Japan's Nikkei shed 3.3%. The FTSE in London fell 1.5% and the DAX in Frankfurt was lost 0.8%. full story http://www.thestreet.com/story/10748067/1/stocks-face-full-plate-friday-after-wild-selloff.html |
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citizenx
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« Reply #96 on: May 07, 2010, 04:35:07 AM » |
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Here in South Korea, the Kospi lost over 3% like the NIkkei today.
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ConcordeWarrior
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« Reply #97 on: May 07, 2010, 04:55:26 AM » |
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Let's see how the Dow and Nasdaq will react today. I think there is turmoil ahead. I wonder if the PPT will be hard at work again.
Markets in Asia and Europe seem to be on the plunge yet not as badly as I thought they would be.
It would be nice to keep all the financial/market news on the same thread to keep it less confusing. It is always better to keep it all in one place. Thank you all very much.
What are your thoughts?
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The Sky is My Home
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« Reply #98 on: May 07, 2010, 05:10:20 AM » |
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Crash was Precipitated by Stop Loss Triggers http://wallstcheatsheet.com/tag/procter-gamble/Posted on 06 May 2010. Tags: bear stearns, blue chip, catalyst, debt crisis, dislocation, Dow, fears, fire sale, Hedge Funds, Lehman Brothers, losses, mco, nosebleed, PG, portugal spain, procter & gamble, procter amp gamble, roller coaster, sovereign debt, spx, stop-loss Now that the roller coaster has snapped back a bit, time to root out the cause. Obviously, concerns about the sovereign debt crisis is the macro catalyst, and this morning Moody’s (MCO) warned that the crisis could spread to banks in Portugal, Spain, Italy, Ireland, and the UK. But none of that caused a near 1000 point drop in the Dow (DIA). The immediate cause was the nosebleed quantity of stop losses waiting just below the S&P 500 (SPX) support line at 1144. When buyers couldn’t hold the line, sellers pushed prices to the stop loss triggers and … SNAP: the volume of sell orders flooded in from hedge funds and institutions with preordained safety against what everyone fears could be an international version of the Bear Stearns-Lehman Brothers film we saw in the US. The selling was so robotic, at one point blue chip Procter & Gamble (PG) was down 30%!! Now that’s a fire sale dislocation of price and value. |
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All eyes are opened, or opening, to the rights of man. The general spread of the light of science has already laid open to every view the palpable truth, that the mass of mankind has not been born with saddles on their backs, nor a favored few booted and spurred, ready to ride them legitimately
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citizenx
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« Reply #99 on: May 07, 2010, 07:33:42 AM » |
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citizenx
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« Reply #100 on: May 07, 2010, 07:48:17 AM » |
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Sheepleprod
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« Reply #101 on: May 07, 2010, 08:39:35 AM » |
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Off a cliff again today.........  |
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jofortruth
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« Reply #102 on: May 07, 2010, 09:12:44 AM » |
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Anti_Illuminati
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« Reply #104 on: May 07, 2010, 09:29:39 AM » |
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 Derrrrrrrrrrrrrrrrrrrrrrrrrr. Derrrrrrrrrrrrrrrrrrrr. Derrrrrrrrrrrrrrrrrrrrrrrrrrrrr. |
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Dig
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« Reply #105 on: May 07, 2010, 09:48:09 AM » |
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bwaaaaaaahahahaha, so they can just cancel trades whenever they want? wow, even The Mirage would not do that, they just kick you out of the casino. This is so in your face it is amazing. |
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All eyes are opened, or opening, to the rights of man. The general spread of the light of science has already laid open to every view the palpable truth, that the mass of mankind has not been born with saddles on their backs, nor a favored few booted and spurred, ready to ride them legitimately
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jofortruth
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« Reply #106 on: May 07, 2010, 09:58:32 AM » |
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bwaaaaaaahahahaha, so they can just cancel trades whenever they want?
wow, even The Mirage would not do that, they just kick you out of the casino. This is so in your face it is amazing.
It is truly amazing how they manipulate everything! Check this out: http://www.youtube.com/watch?v=SRNrl-858qA...player_embedded |
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tritonman
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« Reply #107 on: May 07, 2010, 10:03:17 AM » |
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Letterman at the end. "I gotta call a guy."  |
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ConcordeWarrior
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« Reply #108 on: May 07, 2010, 10:26:08 AM » |
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Markets Overview * Dow -18.81 / -0.18% 10,501.51 * Nasdaq -17.85 / -0.77% 2,301.79 * S&P -3.04 / -0.27% 1,125.11 Stocks tumble anew May 07 10:39am: The selloff resumed Friday as investors remained jittery following one of the most gut-churning days in Wall Street history. More http://money.cnn.com/data/markets/   |
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The Sky is My Home
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jofortruth
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« Reply #109 on: May 07, 2010, 10:27:21 AM » |
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ekimdrachir
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« Reply #110 on: May 07, 2010, 10:35:25 AM » |
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 May 4 - 6, 7, 8 2010  May 7 - Dec 21 2012 It makes it looks like the worldwide depression hasn't even started yet. But Gold is strong still, back up to 1204..  The US Dollar Is Down Against Almost All The Currencies, Even Iraqs EUR/USD 1.2725 -0.0094 -0.7333% 1.2565 - 1.2799 1.2790 - 1.5144 USD/JPY 91.6050 +0.7400 +0.8144% 90.7150 - 93.1800 85.3650 - 99.7600 GBP/USD 1.4785 -0.0318 -2.1055% 1.4477 - 1.4938 1.4779 - 1.7043 AUD/USD 0.8881 -0.0173 -1.9053% 0.8762 - 0.8931 0.7449 - 0.9406 USD/CAD 1.0440 -0.0243 -2.2700% 1.0338 - 1.0682 0.9930 - 1.1818 USD/CHF 1.1091 -0.0041 -0.3638% 1.1061 - 1.1175 0.9910 - 1.1424 And 1,370,000 people posted "Market" on twitter, so the new fake economy seems to be working fine. When answering interview questions, always end your response with "IN YOUR FACE!" or "Why? Are you the po-po?" iamnotdiddy/iamnotdiddy™ 2010-05-07 15:57:36 6 favs byMonimusTequilaTuesday http://en.favotter.net/ |
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