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Financial meltdowen on the way?

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Muggins said:
i'm waiting til the whole of Greece is on the brink of collapse, then i'm going to invest heavily in Yoghurt. Governments rise and fall, but Yoghurt will still sell...
Click to expand...

feta... go for feta, regional protection will protect your investment


*heads for olives... the world is about to wake up to olives.
 
TX Bill said:
Had a front row seat at my office today.

Was watching the DJIA (Dow Jones Industrials) down about 150 points, then 200 points, and then I'm not kidding, in the space of about ten minutes, we were down 998 points. Equally as breathtaking was the speed at which it turned. Another three minutes or so and we were down "only" 600 points. Then 500. Then 400. Settled down in the last hour of trading to down around 350 points.

Frightening and at the same time, awe inspiring to watch the speed and volume.

I only had a couple clients call in. One wasn't aware of what was happening and the other one started the conversation off with "HOLY CRAP !!!"

Tomorrow ought to be very interesting.
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That was the computerised trading kicking in.

The suggestion of a hung parliament and a lib-lab coalition, made the £ drop 3 cents against the dollar and the bond market on UK gov bonds drop 3% and all sorts.


Market is favouring a lib-con coalition and there is thoughts that the markets will bring down a lib-lab government if they interfere too much................. both in economic and constitutional terms.
 
Matt Damon said:
That was the computerised trading kicking in.

The suggestion of a hung parliament and a lib-lab coalition, made the £ drop 3 cents against the dollar and the bond market on UK gov bonds drop 3% and all sorts.


Market is favouring a lib-con coalition and there is thoughts that the markets will bring down a lib-lab government if they interfere too much................. both in economic and constitutional terms.
Click to expand...

What happened yesterday to the Dow had nothing to do with fat fingers, the Greece situation or Britain. Something sinister is at work and will be more apparent as time comes.
 
Muggins said:
i'm waiting til the whole of Greece is on the brink of collapse, then i'm going to invest heavily in Yoghurt. Governments rise and fall, but Yoghurt will still sell...
Click to expand...
Greece will probably fail even with the bail out that will only temporarily smooth things over.
 
Greece is on the verge of total anarchy...if it goes, then Macedonia will fall as well, simmering racial hatred will rise again to the surface...and we have another massive problem in the Balkans...

Turkey will take the opportunity to sieze southern Cyprus

Spain will be the next to fall - There'll be paella AOTS - I tell yer

Then we're next, we're already up to our necks in debt...

*** Mutzo makes flask & sarnies... and heads for volcano/financial-crisis proof bunker ***
 
Mutzo Nutzo said:
Greece is on the verge of total anarchy...if it goes, then Macedonia will fall as well, simmering racial hatred will rise again to the surface...and we have another massive problem in the Balkans...

Turkey will take the opportunity to sieze southern Cyprus

Spain will be the next to fall - There'll be paella AOTS - I tell yer

Then we're next, we're already up to our necks in debt...

*** Mutzo makes flask & sarnies... and heads for volcano/financial-crisis proof bunker ***
Click to expand...

If Gordon Brown refuses to leave... is there space for another in there?
 
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Tennessee Blue Mike said:
What happened yesterday to the Dow had nothing to do with fat fingers, the Greece situation or Britain. Something sinister is at work and will be more apparent as time comes.
Click to expand...

Que?

http://business.timesonline.co.uk/tol/business/economics/article7119079.ece
May 7, 2010
Fat fingers or superfast trading sparked the sickening lurch
Having sunk 700 points in 15 minutes, the Dow put on 600 points in the next 20, sparking ‘fat-fingered’ trader claims
Ian King, Deputy Business Editor

It wasn't the cause - it was a symptom, granted mate. But it still happened.

http://www.dailytelegraph.com.au/mo...re-market-plunge/story-e6frezc0-1225863581144
518899-bizmoney-wall-st-20100507.gif
 
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Matt Damon said:
Que?

http://business.timesonline.co.uk/tol/business/economics/article7119079.ece
May 7, 2010
Fat fingers or superfast trading sparked the sickening lurch
Having sunk 700 points in 15 minutes, the Dow put on 600 points in the next 20, sparking ‘fat-fingered’ trader claims
Ian King, Deputy Business Editor

It wasn't the cause - it was a symptom, granted mate. But it still happened.

http://www.dailytelegraph.com.au/mo...re-market-plunge/story-e6frezc0-1225863581144
518899-bizmoney-wall-st-20100507.gif
Click to expand...
Matt,
I use to agree with what all the Government media wanted to spoon feed me in the past. But they have been far from reliable in the past few years and for good cause. Take our Football teams transfer targets for instance the media gets too tiresome at times they have the Enron spin about them. I just take it as entertainment value nothing more nothing less.
 
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