And for those who think today's correction was just the result of a computer glitch..

girl gone mad

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Thu May-06-10 08:21 PM
Original message

And for those who think today's correction was just the result of a computer glitch..

Edited on Thu May-06-10 08:25 PM by girl gone mad

Nikkei opens down over 4%

http://www.euroinvestor.co.uk/stock/indexinfo.aspx?id=457970

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NYC_SKP

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Thu May-06-10 08:29 PM
Response to Original message

1. It's higher than it was two months ago.

Not sure if there's reason for concern...

http://www.euroinvestor.co.uk/stock/chart.aspx?id=457970

:shrug:

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abelenkpe

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Thu May-06-10 08:34 PM
Response to Original message

2. weeeeeeeeeeeeee

Next week should be interesting.

Or scary.

What do you think is up?

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jimlup

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Thu May-06-10 08:42 PM
Response to Reply #2

3. as my mom said years ago as we drove off a cliff ...

Edited on Thu May-06-10 08:53 PM by jimlup

"Here we go kids!"

I don't think anything is "up" the downside is pretty big here. The shit is hitting the fan ... might just be a correction but right now I don't trust "just a correction"

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girl gone mad

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Thu May-06-10 09:00 PM
Response to Reply #2

5. The fundamentals just didn't support the prices..

and equities are not in strong hands as much of the recent buying has been speculative IB and hedge fund purchases. Pensions and retail investors were not major participants in the run up.

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jimlup

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Thu May-06-10 09:27 PM
Response to Reply #5

6. Yes, that little mistaken selloff today was a giveaway of the market's mood.

The speculation will now deflate faster than any of us can react.

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Po_d Mainiac

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Thu May-06-10 09:32 PM
Response to Reply #5

7. My money is on the "side-line" cash to move further away from

playing field.....like out in a parking lot, 3 zip codes distant away.

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Po_d Mainiac

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Thu May-06-10 08:50 PM
Response to Original message

4. More like the result from

One phat finger and the lack of fundamental soundness.

A half dozen banks (playing with our money) know they've blown a bubble. The first sign/sound of a pop, sends everyone trying to fit through the same rabbit hole.

OR the TBTF scum decided to send a notice :shrug:

One message is clear, time to unplug a bunch a computers and bring back a bit of sanity to the equity markets. Re-instate the up-tick at the same time.

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