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View Full Version : Did the Federal Reserve Intervene as Market Began Its Collapse Today?



clb09
05-06-2010, 06:05 PM
YouTube - Liebowitz Says Liquidity `Blasts' May Have Caused Plunge: Video (http://www.youtube.com/watch?v=Z9Lfhm4XFBg)
RideTheDirt
05-06-2010, 06:31 PM
wow wtf they can pick and choose which trades stand. Buncha BS
american.swan
05-06-2010, 06:35 PM
wow wtf they can pick and choose which trades stand. Buncha BS

You didn't know that? Goldman Sacks is great huh?
Pizzo
05-06-2010, 06:48 PM
NASDAQ busted one of my trades. What's 10k between friends?
Bern
05-06-2010, 06:52 PM
So basically, this was not any mistake. Normal trading brought the DOW down enough to trigger automatic trading systems which overwhelmed the market.
rp4prez
05-06-2010, 06:54 PM
wonder if the plunge protection team was in full effect today?
Pizzo
05-06-2010, 06:58 PM
So basically, this was not any mistake. Normal trading brought the DOW down enough to trigger automatic trading systems which overwhelmed the market.

Normal trading brought the market down quite a bit, then the NYSE has pauses where if the market gets too fast, they won't make prints for a while, i think its 30 seconds. But when the NYSE paused, the electronic trading exchanges did not and traded through the spreads and bids disappeared. If you look at the prices some of these stocks traded, the volume doesn't justify the move unless there are no bids, just offers.
Pizzo
05-06-2010, 06:59 PM
wonder if the plunge protection team was in full effect today?

I think they took the day off.
tpreitzel
05-06-2010, 07:03 PM
wow wtf they can pick and choose which trades stand. Buncha BS

So much for "free" markets ... LOL! Will this con game ever end? Maybe, I should say, " will the people who participate ever tire of this con game?" No, I'm NOT advocating retreating into a hole. I am advocating sincere change through elimination of statutory law.