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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."
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.
"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.
Originally posted by Julie Washington
Smells like market manipulation to me.
No NEW breaking crisis?
No terrorist attack?
Something else is going on here.
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]
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