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Originally posted by WWJFKD
This makes alot more sense than someone mistyping a b instead of an m and thereby crippling the market. Excellent analysis.
Originally posted by Byrd
The problem is rumored to be a trade in Proctor and Gamble stock (via a trade in Citigroup), though other sources cite the problems in Greece as the foundation. The crash lasted for a period of about 15-30 minutes:
(Blog with a few more details on the P&G angle)
Originally posted by Vitchilo
THIS IS FINANCIAL TERRORISM PEOPLE.
The banks have taken over the US!
[edit on 6-5-2010 by Vitchilo]
Originally posted by marg6043
reply to post by Vitchilo
Good analysis, no even I, knew about the vote today, but we knew that the big monopoly banks will never allow to be divided.
To tell you the truth all this market manipulation and ponzi Scheme is looking like a bad world control and domination movie.
Is going to take what the people in Greece is doing to change something in this nation.
Originally posted by ugie1028
reply to post by Misoir
from what i heard, if there is a billion dollar exchange or w/e, a few people need to clear that transaction before it reflects on the market.
I dont think this was a mistake.
Remember during the war in 1812, (i forgot this guys name) but he caused a rumor saying napoleon won the war crashing the market allowing him to usurp all those devalued shares, and stocks. (i cant believe i cant remember this guys name!) But we all know napoleon didn't win. When that news came in, markets shot back up, and well this guy made a fortune.
kind of similar. Cause a crash... buy the cheap misaligned stocks, and then you have instant short selling wealth after the correction.
1000 points in such a short period of time... natural? glitch? no way!
Originally posted by Fractured.Facade
This was a market reaction to global economic troubles.
Fear and paranoia is far more rampant and effective amongst investors than conspiracy theorists.
The real crash if/when it happens will be when the indexes lose 50% or more before trading is halted.
That day will come soon enough, and no one in government or in the banking world wants that to happen.
Today was a great buy and sell opportunity... Some smart people could have made a lot of money.
[edit on 6-5-2010 by Fractured.Facade]