Technical glitches everywhere?

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Originally Posted by roberth

Trading stopped in NY b/c TPTB don't want the paper markets to go down too much in one day.

This is all about controlling the outcomes and making sure the stupid, ignorant public remains ignorant of all the bullshit going with these markets.

They are building the case for more QE, because they're so smart they backed themselves into a corner where QE or HUGE markets losses are the only options.

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This.

NYSE has spent billions making sure a day like this would never happen. And it's just a coincidence that happens with the Chinese market and Greece?

It's an economy of perceptions--free market died with too big to fail.

I work for a financial firm... At least some of our advisors thought this too ^.

Hmmm...Greek government anticipating a "haircut" to recapitalize their banks...


http://www.ft.com/cms/s/0/9963b74c-2...#axzz3fJkgvMcq

But that could never happen here, right? [Sarcasm2]

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Originally Posted by TFOGGER

Hmmm...Greek government anticipating a "haircut" to recapitalize their banks...


http://www.ft.com/cms/s/0/9963b74c-2...#axzz3fJkgvMcq

But that could never happen here, right? [Sarcasm2]

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No never...[Sarcasm2]

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Originally Posted by Skip

This.

NYSE has spent billions making sure a day like this would never happen. And it's just a coincidence that happens with the Chinese market and Greece?

It's an economy of perceptions--free market died with too big to fail.

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That is correct and the DOW is the leading indicator of that.

Trading halt has been going on for 3 hours now. LOL a glitch, yeah right! Buncha damn crooks and liars.

http://www.marketwatch.com/story/whe...ter-2015-07-08

Quote:

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Originally Posted by TFOGGER

Hmmm...Greek government anticipating a "haircut" to recapitalize their banks...


http://www.ft.com/cms/s/0/9963b74c-2...#axzz3fJkgvMcq

But that could never happen here, right? [Sarcasm2]

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That's it--I'm withdrawing my vast fortune from Wells. They better have two crisp 100s waiting for me!

On a serious note... I recall what Barnhardt said. Paraphrasing... If you can't stand in front of it with an AR it's not yours and likely never was.

NYSE back up......oh and hey look it went from 200 down to 273 down......gee I wonder where we'd be now if they hadn't shut it down for 3 hours.

Quote:

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Originally Posted by TFOGGER

Hmmm...Greek government anticipating a "haircut" to recapitalize their banks...


http://www.ft.com/cms/s/0/9963b74c-2...#axzz3fJkgvMcq

But that could never happen here, right? [Sarcasm2]

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A friend sent me this article earlier today:
http://www.bloomberg.com/news/articl...for-six-months
I replied stating that my favorite line from the article is:

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“This is not something that would happen in the U.S. or in any other developed market,” said Brian Jacobsen, who helps oversee $250 billion as the chief portfolio strategist at Wells Fargo Funds Management.

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Now, the article has been "updated," and no longer contains this quote.

More "command economy" crap from the communists in China...when will they learn.

They'll learn when they and their families are bleeding out in the streets.

There are some HUGE cyberattacks today. I saw some screenshots from this site: http://map.norsecorp.com/ that looked like there were literally hundreds of simultaneous attacks at once. Apparently that is a new tactic.