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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (344553)	7/28/2007 6:58:36 PM
From: tejek	Read Replies (1) of 1575607

I didn’t think many people believed this stuff, but the market’s sudden freakout over housing and oil suggests that I was wrong I don't think all of yesterday's drop was due to fear. People are starting to think there is something very wrong with the system that runs the NYSE. Yesterday's drop was just like last February when we had this huge drop in a matter of seconds and the NYSE admitted that their system failed. Up until about 3:45, the Dow was down by 60-70 points and then over the next few minutes, moved down further to 100 points. Suddenly it wooshed from 100 to 200 points in seconds even though the trading collars were in place. Had we not been near the close, the Dow would have dropped another 3-500 points easily........just like in February. The NYSE needs to get its act together. There is something wrong with their computer system. Cramer was livid. Here's a look at the Dow's chart: finance.yahoo.com Not saying the fears over credit are not legitimate....they are; just saying yesterday's selloff was way overdone due to computer glitches.

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