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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.?
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"GET OFF MY REEF!" -
yes sirLast edited by JT; May 7, 2010, 06:26 PM. -
All signs point to yes....We are West End Anglers, a saltwater tribe!Comment
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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.Last edited by JT; May 7, 2010, 07:22 PM.Comment
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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.
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they were prob in on it and made a couple $$$$$Comment
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Market Plunge- 401k bomb
Fellow fishing people, think about what Kenny said. All you great people have a opinion on this topic. But America must wake up. Do not blame Obama when you hesitate to open your next 401k statement. GOD BLESS AMERICA. See you at 62 under St. Luis Pass Bridge!!!!!!! Enjoy the Outdoors.Comment
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Comrade obama GAVE more $$$$ to US banks than the entire (emphasis on entire) Greece economy is worth. Hitler had some damm good ideas.Originally posted by Swells View PostI 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.Comment
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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!
"GET OFF MY REEF!"Comment
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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!Comment
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Sounds reasonable I guess, but you know what I can't believe?Originally posted by Swells View PostSomehow, 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!
I can't believe I misspelled synchronicity......!!
It was 5:30 in the morning I guess, but I did catch two fatty trout on topwaters before the wind hit.
"GET OFF MY REEF!"Comment
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dude, what the hell does synchronicity mean?
how big were those trout?Comment
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In Karl Jung's theory, synchronicity is the experience of two or more events that are apparently causally unrelated occurring together in a meaningful manner. To count as synchronicity, the events should be unlikely to occur together by chance.
It was a better word than serendipity, which always sounds gay and has a slightly different meaning.
The bigger trout was 5# and change, the other about 18" on a Jimmy Houston SS jr."GET OFF MY REEF!"Comment
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OK then...now who in the bird dog **** is Karl Jung?
I define Serendipity as what happens to lucky geologists when they target a cotton valley/bossier well at 15,000 ft. that is no good but happen to find pay in the travis peak at 10,000 ft.
nice trout man. lets go next week when i get back.Comment
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Jung was a gay psychologist that blamed everything on Freud's mother.
Ok, sounds good to me."GET OFF MY REEF!"Comment
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