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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: MulhollandDrive who wrote (247001)5/6/2010 8:17:12 PM
From: Skeeter BugRespond to of 306849
 
MD, one more mask mask removed from the beast.



To: MulhollandDrive who wrote (247001)5/6/2010 8:21:17 PM
From: rr_burnsRead Replies (2) | Respond to of 306849
 
your quote is in this piece:
msnbc.msn.com

JOE SALUZZI, CO-MANAGER OF TRADING AT THEMIS TRADING IN CHATHAM, N.J.:

"We have a major market issue here. It should never have dumped what it just dumped. This is an electronic market where bids can be canceled at the flick of a button, and everyone canceled at the same time. We should be down big today, but not 1,000 points. This is an equity market structure issue, there's no major problem going on. No problem this big, at least. It's ugly out there, but not this bad.

"The markets have been leaking all day, but it should not have dumped like that. Everyone walked away. There is no real liquidity out there, it's all machine and phantom."


Some interesting uther quotes in there too...