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Re: Dow 11,000 — Too Much Cheering

Home Forums DISCUSS Current News & Events Dow 11,000 — Too Much Cheering Re: Dow 11,000 — Too Much Cheering

  • Fri, May 07, 2010 - 02:04am

    #57
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Dow 11,000 — Too Much Cheering

Nathan Martin on Nathan’s economic edge thinks the swing came after Harry Reid made a comment that the audit the fed bill would come up for a vote . He postulates the central banks flexed their muscle with the 1700 point swing.

He also says Nasdaq is voiding all stock trades above or below 60 percent of the closing price.

They are now blaming the swing on a trading mistake by a trader who sold several billion in Proctor and gamble stack when he meant to sell a few million.  Yep.  damn those decimal spaces.