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Selling Intensifies As NYSE Blows A Fuse Right On Schedule
Gee, what a shock to see NYSE issues on a down day. HFTi Net must be approaching sentience.
10:32 am Update
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Sad. Embarrassing. And fully expected.
Good morning, you stupid J.B Hunt Bulls. How does it feel to be down $2 a share. It feels good to me. Praise the Lord!
Dude I told you to size that array bigger.
An array with a fixed size? That's so 1993. OK enough geek talk.
We are nowhere near massive falls in the market since last year...why use measures like this with a few percent drops?
we're down over five percent in the last couple weeks, if we drop another three percent today, it could precipitate another major crash. We simply can't take that risk. Thank you for your understanding...
I've had the feeling over the past 2 weeks that the market have been held together with chewing gum and bailing wire simply to get us past the State of the Union address.
We shall see soon enough if I'm correct.
Exactly. No way this was going to poop before the SOTU speech. I'm still skeptical though. Timmy got off yesterday, Paulson I don't think meant anything, and if Bernanke gets confirmed today, they are locked and loaded for more shenanigans.
True, but wasn't everyone who understands the game fully expecting that?
The machine is not broken. When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse! Its rider was holding a pair of scales in his hand. Then I heard what sounded like a voice among the four living creatures, saying, "A quart of wheat for a day's wages, and three quarts of barley for a day's wages, and do not damage the oil and the wine!"
Where are you going? Why don't you walk the wheel with us? What is the matter my American friend? What has upset you? Oh! I know. The bad machine doesn't know that he's a bad machine. You still don't believe it. You still don't believe you're a bad machine? To know yourself is to know God, my friend. The factory knows, that's why they put you here. You'll see... You'll find out... In time, you'll know.
I'll have what he's having.
It's the old joke of the 400 pounds guy jumping into the pool
Shocking to find the markets now floating higher on no volume.
XLF down over .5% on 55m shares ... turns green on 4m shares ...
New daily item: Stop Trading with (strikethrough Jim Cramer) NYSE
Wow....I wouldn't have thought that we would see these kinds of tricks at this minor decline, someone must really be worried about a huge selloff. Oh wait, is the fuse box controlled by the PPT?
as predictable as a Sunday evening futures ramp.
Yesterday seemed like an invisible hand was present in the market creating a floor. They need to let it drop 20% to make the market action to appear at least to look realistic.
I'll go dust off my Dow 10,000 hat.
Ha! the USD is the new GOLD.
I'm very sorry. I had a feeling plugging in the coffee machine to that outlet strip might create a problem, but I did it anyway. Coffee is very important to my well being you know.
My apologies to the New York State pension fund and CALPERS.
-MobBarley
Someone please give opinion on the following:
I am considering putting a substantial portion of my IRA into physical precious metals. Would this help protect it from gov't forcing Treasury purchases with retirement accounts? Could the gov't force me to sell the metals and invest in govvies? I guess the answer is that the gov't can do almost anything, but what is the likelihood of this, and would I gain any protection?
http://en.wikipedia.org/wiki/Self-Directed_IRA (?)
See, I told you Cramer was right.
Today's selloff is the pre game Bernanke Show...they want a sell off so that when Bernanke is confirmed they can pump the Dow 200pts as "Market confidence"
LOL. On the call as well. Love the background CNBC playing in the background.
Hectic nyse employee: "CAN SOMEONE PLEASE MUTE YOUR PHONE WHOS NOT ON THE CALL"
They must have seen a trend devloping and needed to prevent it from showing up on the boards.
Are they doing the consoli-date rape thing again?
friends - it's called "deflation".
What happens when its down 300 - 400 points in one day?
It's coming. I can wait.
But that kind of action just might throw the flywheel clear off the governing mechanism.