Dow is crashing, page 10


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reply posted on 8-5-2010 @ 06:59 PM by Plastered
I knew I had seen this before... just couldn't find the date:

February 28, 2007

Back when everything was juuuuuuusst fine...

money.cnn.com...

I remembered it sort of, then remembered reading it again in 'A Colossal Failure of Common Sense', so I went to the library and dug through the book again. Author Larry McDonald talks about it on page 207. I'm not spamming the book, just thought it deserved credit.

Edit to add... they said the market dropped about 1000 points and lost about 1 trillion dollars in value, so I guess every point on the Dow Jones is about 1 billion dollars... I know, tell you something you don't know, but I had the epiphany last night.

[edit on 8-5-2010 by Plastered]


reply posted on 8-5-2010 @ 11:02 PM by leo123
www.bloomberg.com...

The U.S. Securities and Exchange Commission is considering regulatory changes aimed at slowing stock trading during periods of cascading prices, even though the agency hasn’t yet concluded what caused this week’s market plunge, two people familiar with the matter said.



reply posted on 8-5-2010 @ 11:19 PM by DogsDogsDogs
reply to post by HappilyEverAfter



Not to OT, but your AV in the context of this thread made me think how I'd like to sick your (what IS that? It's seriously cute but it looks P###ssed!) on their sorry, crooked butts.


reply posted on 9-5-2010 @ 04:54 PM by LieBuster
reply to post by leo123



Anyway your only saying that because your a cat.

Been reading bits and bobs from more convential site and the vibes i'm getting is many people who are involved in finance are getting quite nervious.

Fiat cash was a confidence trick and required confidence so whats left once that goes is a a big zeor so i'm calling it now, black monday and the PPT can keep out or take the hit.


reply posted on 9-5-2010 @ 11:53 PM by leo123
Originally posted by LieBuster
reply to
post by leo123



Anyway your only saying that because your a cat.



What makes you say that, LieBuster?
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