Stocks: Market Crash Looming

[Original_Intent]

If nothing else, it makes 300 down for the day, "no news".

 

[MsDoodahs]

If nothing else, it makes 300 down for the day, "no news".

was thinking that very same thing, lol...

 

[Original_Intent]

and a last minute rush for the exits....tomorrow looking bad.

 

[fgd]

Not a glitch. EU has had a sudden stop event. This is not a drill.

 

[ChooseLiberty]

Morgan / Goldman selling into the close.

 

[jclay2]

Man if this is what happens when Greece runs out of money, what will happen when the US is in the same situation. I say stock up on food and amo.

 

[ChooseLiberty]

NYSE says low PG trades were off the exchange.

Curiouser and curiouser.

 

[Cowlesy]

haha the story is a trader entered a trade and hit a "b" instead of "m" (billion instead of million) --- so if he launched a trade to sell one million P&G shares and accidentally tried to sell one BILLION P&G shares, it would've started selling and wouldn't have stopped until they ran out of bids (which it sounds like it must have chewed through them all).

Hard to say though, I'm just guessing.

 

[ChooseLiberty]

BREAKING: Unusual price action continued today as the Dow closed above 10.5k support on humongous volume after being down almost 1000 points for the day. There's more to this than the MSM will tell you. One official story is a "glitch" on the SPY to sell 16 Billion vs. 16 Million which is complete CNBS.

Traders with a 1000 mile stare in their eyes at the scene commented - "Gulp."

 

[Merk]

POG at $1206.30 as of 13:15 PST.

If the market crumbles tomorrow as I would anticipate, gold could hit a new high very easily.

 

[Cowlesy]

Cloak and dagger conspiracy theories aside, this is what people are chattering about.

Spreads are starting to widen.

http://www.bloomberg.com/apps/news?pid=20601087&sid=avw1eFn6Kxy4&pos=2

The questions are becoming, "How much risk do I have in the Euro? How much Greek debt do I own? How much risk to my counterparties have to the Euro? How much Greek debt do my counterparties hold?"

It's looking more and more like Greece is going to default. Yields continued to rise today. The Greek people ultimately decide whether they're going to pay the debt with their tax-dollars, and right now, investors/speculators are starting to price "Nope. Ain't gonna pay."

 

[amy31416]

Bloomberg is down....not surprising.

 

[dwdollar]

The fact that so many pointed the finger at error before anything else is the scariest part. It suggests there's way too much optimism in the market right now.

 

[audienceofone]

BREAKING: Unusual price action continued today as the Dow closed above 10.5k support on humongous volume after being down almost 1000 points for the day. There's more to this than the MSM will tell you. One official story is a "glitch" on the SPY to sell 16 Billion vs. 16 Million which is complete CNBS.

Traders with a 1000 mile stare in their eyes at the scene commented - "Gulp."

Hahahahahaha good one

 

[ChooseLiberty]

Don't mess with the Fraudulent Reserve / banking cabal or guess what?


------------------------
Bernanke Warns Against Move to Audit Fed

http://online.wsj.com/article/SB10001424052748704370704575228164133105390.html

 

[Jordan]

The fact that so many pointed the finger at error before anything else is the scariest part. It suggests there's way too much optimism in the market right now.

Gaps of 120-140 points on the Dow are virtually impossible considering the amount of volume in the market.

For the Dow to gap 120-140 points, the combined stock prices of all the stocks in the index would have to lose or gain $17-20 in one tick. Guess what? P&G gapped by $20, and the Dow responded with a 140 point gap. Wow! Amazing, right? Nope, that's just how the index is calculated.

 

[Roxi]

http://market-ticker.denninger.net/archives/2282-Mr.-President-Unplug-the-Fing-Computers.html

 

[Original_Intent]

Obviously not designed by Microsoft or there would have been ten warning prompts "Are you sure you want to sell 12 (b)illion shares?

 

[dwdollar]

Gaps of 120-140 points on the Dow are virtually impossible considering the amount of volume in the market.

For the Dow to gap 120-140 points, the combined stock prices of all the stocks in the index would have to lose or gain $17-20 in one tick. Guess what? P&G gapped by $20, and the Dow responded with a 140 point gap. Wow! Amazing, right? Nope, that's just how the index is calculated.

What would a "real" collapse look like then?

 

[ChooseLiberty]

Sarge off site today?