Market Plunge Yesterday

[Swells]

Somehow, fishing can solve most of the world's problems. LOL, remember Jimmy Cater went fishing and an "attack rabbit" almost got him? Darn, the wabbit missed!

As to a trillion dollars evaporating in one day, Thursday, people are kinda scratching their heads. The "fat finger" theory has been ruled out. Complicated computer stock trades are key suspects now. Some trading houses apparently shorted the market bigtime - and made a lot of cream off the top. I betcha it was one of those big financials that we bailed out last year. It's rather embarrassing for The Big O, another disaster. I don't think Wall Street loves Obammie anymore!

[kenny]

Good replies! I wasn't serious about the gubment manipulating the market, but it will have the same effect on new Wall St. regulations as the Horizon accident will on offshore drilling.......just synchronizety!

Either way I think we're tittering on the brink of a total world economic collapse, so I'm going fishing!

[JT]

I don't agree that the Obie Administration has anything to do with manipulation of the market. The fact is that Greece, Spain, and Portugal are FUBAR economies (Iceland is already FUBAR, and sorry for the strong language here but it is true). Other EU members such as Germany own most of the banks notes, which could become worthless if there is a default.

The "Euro Zone" is one of the largest world economies, and softness or weakness in one part could bring the whole house of cards down. I really don't think Obammie and the Fed can really manipulate any market ... the fact is that the EU is falling apart before our eyes because of the "Greek bubble." Expert sources like the Wall Street Journal (US), Economist (England), and Der Spiegel (Germany) confirm this.

Such a failure, even with 145 billion in the recent rescue package for Greece, has already impacted foreign markets all over the world, including foreign exchange (FOREX) markets. The effect is to make the US dollar more expensive and to a certain degree, has allowed Brazil to make an amazing come-back from the Great recession. Further, the Mexican Peso and Canadian Dollar remain robust. I am not so worried.

Perhaps Wall Street is over-reacting? Many traders shorted Greece on the market, and are now crying because their paper isn't worth using in the bathroom. Oh well ... you can't legislate against stupid.

Comrade obama GAVE more $$$$ to US banks than the entire (emphasis on entire) Greece economy is worth. Hitler had some damm good ideas.

[Big Game 57]

Market Plunge- 401k bomb

Fellow fishing people, think about what Kenny said. All you great people have a opinion on this topic. But America must wake up. Do not blame Obama when you hesitate to open your next 401k statement. GOD BLESS AMERICA. See you at 62 under St. Luis Pass Bridge!!!!!!! Enjoy the Outdoors.

[slyell]

they were prob in on it and made a couple $$$$$

[Swells]

I don't agree that the Obie Administration has anything to do with manipulation of the market. The fact is that Greece, Spain, and Portugal are FUBAR economies (Iceland is already FUBAR, and sorry for the strong language here but it is true). Other EU members such as Germany own most of the banks notes, which could become worthless if there is a default.

The "Euro Zone" is one of the largest world economies, and softness or weakness in one part could bring the whole house of cards down. I really don't think Obammie and the Fed can really manipulate any market ... the fact is that the EU is falling apart before our eyes because of the "Greek bubble." Expert sources like the Wall Street Journal (US), Economist (England), and Der Spiegel (Germany) confirm this.

Such a failure, even with 145 billion in the recent rescue package for Greece, has already impacted foreign markets all over the world, including foreign exchange (FOREX) markets. The effect is to make the US dollar more expensive and to a certain degree, has allowed Brazil to make an amazing come-back from the Great recession. Further, the Mexican Peso and Canadian Dollar remain robust. I am not so worried.

Perhaps Wall Street is over-reacting? Many traders shorted Greece on the market, and are now crying because their paper isn't worth using in the bathroom. Oh well ... you can't legislate against stupid.

[JT]

Greece has been around for about 8000 yrs; we are a blip in time in comparison...We're gonna make whats been going on there look like a walk in a park w/ hershey bars and buttercups and Sunday School class when we call the toll on wellfare payments and raise the taxes on the 40% of us that actually do pay taxes....dudes

But the market crash was due to a pimple face kid clerk in a back room putting a comma in the wrong place and trading 16 billon instead of 16 mm......

ok.

[WestEndAngler]

All signs point to yes....

[JT]

yes sir

[kenny]

What are the odds the Obama administration orchestrated the market yesterday in hopes of garnering public support for the further government control of Wall St.?