reply to post by MOFreemason
Analysts and broadcasters weren't joking when they said Wall Street and the "free market" is done as we know it. The rules have changed and
day-to-day stock trading will never be what it has in the past.
In 2001 stock trading changed for ever.. the rules changed, the game changed.. from what I was told.. the people changed. The institutions themselves
Speculation is the rule of the game..
Makes me wonder.. honestly.. if the past few years.. have we been held together by Capital that never should have existed? I tend to believe so..
You know when its bad when the PPT starts shorting.
LOL .. omg that's rich..
im glad its down i want to see it drop into nothing, wallstreet employs 180,000 some people and the majority of people that invest are wealthy white
Thank you for that ignorant statement.
Don't let the white man keep you down.
Bad news, short of becoming overtly Fascist the US Government has nothing else they can throw at this. In a span of 1 Month, the United States put
everything they could to turn this around. No dice.
I really do think they sort wasted their ammo this month .. not much else they could do short of nationalizing most of the nations banks .. which
would drive every other bank in the country out of business..
The US Government purchased Preferred Shares .. Not Common Stock .. the DOW and S&P only register common stocks I believe.. Preferred get set interest
rates.. common does not .. Preferred is better ranking when a corporation falls, common is last to be bailed.. common tends to get higher gains, and
preferred is usually sold in short supply.
Basically.. The Gov injected billions in the corporation without effecting the Common Stock Price..
Spur common stock traders to buy buy buy because the corporation had a huge influx of funds..
250billion spread over.. 9 banks was it? .. if each bank averaged a 20% loss over the next week ... all of their capital from the infusion would have
been wiped out.
Citi already lost 11% today alone..
The Volatility is killing the market..
Banks are desperate.. anyone else notice their credit card's due dates fluctuating? ... Banks are moving due dates to incur late fees and hopefully
over draft fees to rake it more money..
Some corporations, like GM, are taking longer to process payouts because if they paid out in normal fashion their accounts would default..
Opaque balance sheet.. shady practices.. our system is sick.. diseased.. and the Government is a bunch of lowlife morons .. Why we don't revolt
against the cowards.. I am at a loss for.
Complacency will be the death of us all..