May 8 2010

[dacrunch]

Interesting "computer error" leading to a 1,000 point drop in the Dow almost instantly...

The commentaries & implications are likely to be worth following.

 

[dacrunch]

May 6 2010

typo in the title - should've been May 6, not 8...

 

[dacrunch]

Amazing Audio from the "pit"

article: http://www.zerohedge.com/article/panic-and-loathing-sp-500-pits

audio: http://www.zerohedge.com/sites/default/files/Market%20Crash.mp3

From Max Keiser:

This is what a domestic financial terrorist attack sounds like.

http://maxkeiser.com/2010/05/07/must-hear-panic-and-loathing-from-the-s-p-500-pits/#comments

 

[dacrunch]

threads

Traders described "complete panic"

High-Speed Trading Glitch Costs Investors Billions

can someone explain in layman's terms what happened yesterday

 

[dacrunch]

well, today IS may 8th...

anyways, anuddah thread:

Truth behind May 6 Dow Plunge

 

[dacrunch]

High Frequency Terrorism:
How the Big Banks and Federal Reserve Maintained Their Death Grip Over the United States

excerpt from the intro:

If you think the massive sudden drop happened because one lowly trader hit one wrong button, if you actually believe that the entire stock market can plunge because of one mistaken key stroke by a low level trader, you are stunningly naïve. I hate to burst your bubble, but this was a direct attack.

The above is one part of a six-part series:

The Financial Oligarchy Reigns: Democracy’s Death Spiral From Greece to the United States