Stocks Freak Out Again: 130 Point Move In Dow In 15 Minutes On No Volume

Once again, we get to see just how broken our stock market is, one which takes no prisoners, and will trample over everyone and everything as the Primary Dealers use your own money against you to shake every single person out. A 130 point move in the Dow in the matter of minutes on no volume is about all you need to know to lose all confidence in stocks, and call up TD Ameritrade and close your account (you won't be allowed to trade when the market is crashing anyway). Good thing we had a fake rumor in the morning to prevent an all out rout into Friday with the Dow looking to open well into 9000. Additionally, with credit not moving, and obviously not buying this move, there is nobody left who can claim the market is anything even remotely resembling orderly, efficient or fair. SkyNet is again rising.

Comments

[PeterSchump]

Yeah, TD "down".  Don't I know it.  That is why I keep accounts at 3 different brokerages. 2 of which I keep an amount in that is near my value at risk in my primary (IB).  Just in case, I can trade out of positions that may be held in an inaccesable account.  Yes, TD is one of the three, but maybe not for much longer.