6 comments

  1. How is it the media has no problem that Jim Cramer using his years of experience to spot a stock trade that wasn’t right but they have no faith in experienced Arizona Police officers to enforce the new Immigration Law fairly nor to spot illegals when they have years of experience doing it?

    Inquiring minds want to know.

  2. How is it the media has no problem that Jim Cramer using his years of experience to spot a stock trade that wasn’t right but they have no faith in experienced Arizona Police officers to enforce the new Immigration Law fairly nor to spot illegals when they have years of experience doing it?

    Inquiring minds want to know.

  3. What I took out of that whole tape was the total ignorance of the two women with Kramer. They just didn’t understand what he was talking about, and he was right in what he said. The electronic trading system was swamped with sellers and there was no real reason for the market to get hammered like that. There was a momentary lack of buyers (vacuum to the downside) which was aggravated by the program and fast traders and caused the blowout to the downside of the market. mpw

  4. What I took out of that whole tape was the total ignorance of the two women with Kramer. They just didn’t understand what he was talking about, and he was right in what he said. The electronic trading system was swamped with sellers and there was no real reason for the market to get hammered like that. There was a momentary lack of buyers (vacuum to the downside) which was aggravated by the program and fast traders and caused the blowout to the downside of the market. mpw

  5. It’s not a real market.

    http://www.chrismartenson.com/martensoninsider/pumps-full

    “When do markets cease to be markets? When they are so distorted by monetary interventions that they no longer provide useful or rational price signals.”

    That was no “fat finger” either. (There does appear to be one at the BLS however.)

    http://www.zerohedge.com/article/day-market-almost-died-courtesy-high-frequency-trading

    http://globaleconomicanalysis.blogspot.com/2010/05/equity-plunge-yen-connection.html

    http://economicedge.blogspot.com/2010/05/morning-update-market-thread-57.html

    http://market-ticker.denninger.net/archives/2283-More-On-Yesterdays-Plunge.html

  6. It’s not a real market.

    http://www.chrismartenson.com/martensoninsider/pumps-full

    “When do markets cease to be markets? When they are so distorted by monetary interventions that they no longer provide useful or rational price signals.”

    That was no “fat finger” either. (There does appear to be one at the BLS however.)

    http://www.zerohedge.com/article/day-market-almost-died-courtesy-high-frequency-trading

    http://globaleconomicanalysis.blogspot.com/2010/05/equity-plunge-yen-connection.html

    http://economicedge.blogspot.com/2010/05/morning-update-market-thread-57.html

    http://market-ticker.denninger.net/archives/2283-More-On-Yesterdays-Plunge.html

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