Striper Talk Striped Bass Fishing, Surfcasting, Boating

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- The Scuppers (http://www.striped-bass.com/Stripertalk/forumdisplay.php?f=22)

- - The Market (http://www.striped-bass.com/Stripertalk/showthread.php?t=63749)

The Market is getting Slaughtered ...........:uhuh::uhuh:

Just watched the DOW drop 500 points in 20 minutes

I just watched the DOW drop 500 points in 20 minutes, just dropped. Went back up a couple hundred points like nothing but the Street is getting hammered right now.

Went down to just shy of -1000 and now back up to only down 400. WTF?

Retirement postponed until the day after my demise.

It was due,,, It just needed a reason,,,,

Stock up on gyros and Uzo while you can! It's the apocalypse!!:eek::shocked::rumble:
:horse::horse::horse::horse:

CLOSE YOUR EYES, do nothing and in a month you'll be back positive from where this morning started.

The market was up over 5000 points since March 2009...a little 15% correction never hurt anyone...

Combination of Greece and some reported glitch in the SM system.

In Greece, "the chickens have come home to roost." Time to pay the piper.

Entitlement program costs are taking out more $$ than the Govt. is taking in.

A lot like our politicans spending habits.

Quote:

Originally Posted by justplugit (Post 766586)

Yeh we're about 10 years behind France and Germany, which are 10 years behind Greece and Spain.

Nasdaq Says Investigating Erroneous Trades After Market Plunge

Quote:

May 6 (Bloomberg) -- Nasdaq OMX Group Inc. said it’s investigating potentially erroneous trades involving multiple securities between 2:40 p.m. and 3 p.m. New York time, when the U.S. stock market tumbled.

The Dow Jones Industrial Average plunged almost 1,000 points today before paring its decline and ended down 347.80 points, or 3.2 percent, at 10,520.32. About $700 billion of U.S. stock-market value was erased in less than 10 minutes, data compiled by Bloomberg show.

Interesting. Glitch? Hack? Probe?

Quote:

Originally Posted by JohnR (Post 766592)

Interesting. Glitch? Hack? Probe?

TYPO!

NYSE has announced that they are breaking some trades as it looks like there may have been a fat finger error. It is lucky that the oil and gold markets were closed at the time or we might have gone down into the 8000s.

[QUOTE=JohnR;766592]Yeh we're about 10 years behind France and Germany, which are 10 years behind Greece and Spain.

JR, if things keep going the way they are, I think it will be a lot sooner
than that.
Our commitment to the IMF is 17%, next in line is England with 6%,
and once we start bailing these crumbling economies out because of
their socialistic over spending it will just hasten our demise.

We are chumps.

Here comes inflation and higher interest rates.......

Nailed it .. See Post #9

http://www.striped-bass.com/Stripert...id-you-do.html

We can speculated on anything,,, but realistically speaking.. It was overbought and just needed any reason to tumble,,,