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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (111337)	5/7/2010 7:09:15 AM
From: andiron	7 Recommendations Read Replies (1) \| Respond to of 116555

It was supposed to be a crash..but PPT kicked in to bolster confidence and blame it on fat fingers.. The system worked..All stops were hit because bids disappeared...this is what happens in a crash and market that was rising on thin volume smoke & mirrors.. how do we know that.. look at yen carry trade...yen started to move intraday much before the collapse And bond/TLT rose "mysteriously" off the 4% bound and yield fell to 3.25% in minutes.. Bond & currency: 2 of the most liquid market.. So today the market met stark & cold reality today. Fear it.

To: mishedlo who wrote (111337)	5/7/2010 8:42:32 AM
From: Steve Lokness	18 Recommendations Read Replies (3) \| Respond to of 116555

By the way, this was not really a "black-swan" event. Yesterdays stock market, coupled with the braindead morality of the GS kids doing their "gods work", has jarred what faith I had in our markets. Unless one is sitting in front of a computer when this happens there is not a chance in hell of competing on anything close to a level playing field with computers and those knowing what computers are programed to do. This isn't a stock market any longer its a casino game. Wall Street doesn't invest in companies they are plying video games the same way old people play slot machines. Steve