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Dow is crashing

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posted on May, 6 2010 @ 11:18 PM
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"Cramer is amazing.

He came on air to talk with Erin Burnett, and the Dow gained 400 points from a loss of 900 to being down 500.

All hail Cramer."


yeah hes really great... artificially inflating stocks that he knows are going to plummet within the next 72 hours so others can short sell that stock at great profit

check into the history of how great he is.. hes got a past of recommending on air that people buy into stocks that turn out to be catastrophic failures within the next 72 hours



[edit on 6-5-2010 by djzombie]




posted on May, 6 2010 @ 11:18 PM
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Originally posted by Mobius1974
Chicken Little,
It is not crashing!!!


CNBC ihas reported that a Citigroup trading error was the trigger that fueled sharp stock market plunge today. The Dow Jones Industrials fell by nearly 10 percent, before rebounding sharply.
According to sources, a trader entered a "b" for billion instead of an "m" for million in a trade possibly involving Procter & Gamble, a component in the Dow jones average index.

L.A news Monitor

I heard this early this afternoon!.. Do people post and then check for any updates? WOW.. I will now start picking up the pieces of the sky that fell in my back yard.



Maybe Not.

Todays Stock Market Crash not Citis Fault, Says Citi


"We, along with the rest of the financial industry, are investigating to find the source of today's market volatility," a Citigroup statement said. "At this point we have no evidence that Citi was involved in any erroneous transaction." Ed Skyler, the former deputy mayor, single-handedly took over nearly all communications at the bank only this Monday.



posted on May, 6 2010 @ 11:22 PM
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double post, sorry

[edit on 6-5-2010 by djzombie]



posted on May, 6 2010 @ 11:22 PM
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the source of the markets volatility is that its based on a fiat currency thats supply has more than double in the last 10 years, and our banking industry accounts for the majority of the growth in the gdp. and of course most of the profit borrowing money from the crook fed at no interest that just print it off a god damned press and charge you rates the guys down at the docks would drop a guy in the river for.

[edit on 6-5-2010 by djzombie]



posted on May, 6 2010 @ 11:35 PM
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was today's market action part of the "financial terrorism" drill for NLE10?

The action was too perfect. All sellers and zero buyers for about a 5-minute period, so trades gapped down all the way to just a smidge above the circuit breaker (would have tripped at 1053 on S&P). then kept gapping up as there were no offers and bids came in to move the market back up.

did GS & JPM use a planned NLE10 drill to start dumping part of the PPT stash they bought in March '09? someone knew about this, because there were ZERO bids on the way down from 1100-1060 over the course of a few minutes. the buyers simply vanished at 2:43-2:46. spreads were 10 handles wide! bid 1060.00 ask 1070.00 that is completely illiquid. look at the T&S data on the full SPX contracts.



posted on May, 6 2010 @ 11:42 PM
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the DOW is being manipulated.
They are only propping it up
to take ur last dime.
Wall Street has become nothing less
than a Vegas Casino where the house always
wins. U have been warned !!!

Liquidate, Liquidate, Liquidate

before there is nothing left.

U r being played



posted on May, 6 2010 @ 11:58 PM
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here is some real-time audio from the SPX pits starting at S&P1020 down through the crash and rebound. amazing stuff!!

media.abovetopsecret.com...



posted on May, 7 2010 @ 12:02 AM
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When it was going down as it was passing 550, I left the house and took everything I could out of 3 banks.
Call our kids and they pulled all of theirs within an hour.
It won't be going back either.



posted on May, 7 2010 @ 12:09 AM
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reply to post by Mobius1974
 


Let me say this I'm familiar with the current wall street computer systems and procedures. Just like the military it sometimes takes multiple people with keys in a agreement to launch a missile. Well on Wall street it requires at least 2 people to sign off for anything over 100m and 3 very senior people for anything over a billion. Plus you have the computer saying are you real sure you want to do this..... So the point here is that the odds of this being a computer glitch as claimed are close to zero. So if you want to believe another government planted lie go ahead. But anyone who is familiar with Wall Street computer system will never believe that is was a computer error. It is obvious that world economic system is failing and the current policy is to lie about it. It will be interesting to see what the NFP comes in at tomorrow since the government has been lying about now for months as well as the GDP. If anyone doesn't believe the government is lying about the GDP look up the history. First you have a negative number then next month a slightly more positive number then it basically triples, mean while retail sales and exports are down. So how can the GDP go up if people are not buying and the country isn't exporting during that time. Anyway I just thought I would add my 2 cents, since I was offended that anyone could believe a computer glitch lie.



posted on May, 7 2010 @ 12:28 AM
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Originally posted by Julie Washington
Smells like market manipulation to me.

No NEW breaking crisis?
No terrorist attack?

Something else is going on here.


I agree, I can't believe a person hitting billions instead of millions was able to move the DOW 600 points down. No something else was going on, because I as a trader would be able to set myself up for life by having family members or people I know shorting the market and stocks and then "fat finger" a sell for 19 billion instead of millions to make the market tank.



posted on May, 7 2010 @ 12:35 AM
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Originally posted by djzombie

"Cramer is amazing.

He came on air to talk with Erin Burnett, and the Dow gained 400 points from a loss of 900 to being down 500.

All hail Cramer."


yeah hes really great... artificially inflating stocks that he knows are going to plummet within the next 72 hours so others can short sell that stock at great profit

check into the history of how great he is.. hes got a past of recommending on air that people buy into stocks that turn out to be catastrophic failures within the next 72 hours

[edit on 6-5-2010 by djzombie]


Did y'all two happen to notice once Cramer honed in on the target the stock jumped casing an instant 300pt gain? Coincidence? I think not. He is the man. Booyah from Jersey City!



posted on May, 7 2010 @ 12:44 AM
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reply to post by David9176
 
Sanders sold out plain and simple Dave.They may have told him either change the companion bill or they bring it all down...



posted on May, 7 2010 @ 12:57 AM
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So can I get anything concrete out of this?

Or just doomsday theories? ......



posted on May, 7 2010 @ 01:37 AM
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Boy, the moment they started saying the crash was NOT due to the crisis in Greece...



and actually due to a fat fingered idiot typing a B instead of a M, I about lost it laughing already imagining the posts here.

HOW FREAKING RIDICULOUS 'they' expect us to believe anything for god sakes.



posted on May, 7 2010 @ 01:40 AM
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reply to post by Azrael2012
 


Wow, in all the pages your post is the best.

I'm a computer guy and what you said makes a great amount of sense in a logical way.



posted on May, 7 2010 @ 01:59 AM
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reply to post by TheImmaculateD1
 


Cramer is a MSM TOOL and IM Pretty sure he knows that!

Yes i think that the market was manipulated in some way.

Booyah from JC TO!

EDIT: KB batts screwed with my post.

[edit on 5/7/2010 by ugie1028]



posted on May, 7 2010 @ 02:12 AM
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Originally posted by skunknuts

Originally posted by LurkerMan
this is one of many huge money transfers they keep trying to playoff as something else. they are making big moves behind the scenes.

the whole market is a sham right now. there never was a "recovery".


Jobs numbers tomorrow will be more telling than any short term market move and paranoid thoughts.

Best,
SN


First off not meaning any disrespect or calling you out but...what makes you so sure? I mean I am a retired 20 year US Navy Chief that retired last June after just turning 38 years old, science (strategic communications major) degree, TS/SCI security clearance, and over 20 years specialized experience and let me tell you.....I JUST NOW got a job with Northrop Grumman TODAY.

For the past year this so called "job numbers" report has been pegging unemployment (which CA denied me for twice as each time they would come up with some excuse like "Sir, you missed your interview call, I am sorry we cannot approve your claim" when I had my phone glued to me), but anyways back on topic....but they have been reporting unemployment numbers right around 9.6 to MAYBE 10.1 or something?

Well lemme tell ya...THAT is not what I have been personally experiencing and seeing beating the pavement! How about more like 17% or higher is more like it. Also...have they taken into account all of the TEMPORARY CENSUS summer jobs that will go away in a couple of months?

My point is not to attack or discount what you say, so I hope it is not perceived as such, as I ALSO believe that a one day large market fluctuation is not the end of the world...but merely pointing out to others that NEITHER is the US jobs report as that can be (and in my opinion IS) somewhat skewed.

Again...thankfully I found out this afternoon I got my aerospace engineer job, and for that I am extremely grateful, but I still feel for those of you that are still plugging away. Just don't quit whatever you do. Ride this baby out, and do not give up...something will eventually give. The BIGGER the net you cast, the more bites you will attract. GOOD LUCK!!

And in the meantime...I actually had TWO offers come back (go figure right...9 months of nada then now all of a sudden), but anyways I won't mention the company name in this open forum, but if any of you are military Master Training Specialist certified, and wanna move to Charleston, SC for $60k+ annual, hit me up and I will provide you the POC info. I actually turned this job down (and it is still an excellent opportunity don't get me wrong), but I chose to stay in the actual engineering field.

K thanks ;-)



posted on May, 7 2010 @ 02:28 AM
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The audit the fed bill came up. Has the fed been propping up the stock market for a while now. What would happen if it was publicly revealed that the fed is propping up the stock market? Would people lose all faith in us markets? The senate got close to passing a bill, that would audit the fed. It now appears it will get watered down. So, the market went back up a bit.



posted on May, 7 2010 @ 02:33 AM
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Apparently Citi has done its own investigation in response to CNBC's flimsy explanation. According to Citi, the volatility originated with a futures index named "E-mini" on the S&P.

www.businessandmedia.org...



posted on May, 7 2010 @ 02:39 AM
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I would say Ben Bernake is letting the govt know what will happen if they try to audit the fed




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