BREAKING -- Tokyo Stock Market Opens at 28-year LOW amid global concerns over economy.
Source: Veracity Stew
Heads up, kiddies--dump those stocks now.
Or as soon as possible.
That 274+ points we lost Friday may look good by end of day.
Wishing us all good luck.
Showing posts with label stock markets. Show all posts
Showing posts with label stock markets. Show all posts
Monday, June 4, 2012
Monday, July 11, 2011
Financial good news/bad news today
The bad news first: Italy may be going to hell in a debt handbasket right now, it's feared, so the EU is scrambling and people are freaking out a bit so naturally the 2nd wave--the double whammy, if you will--is that the markets are all down. The Dow is pretty close to 200 points down today at present. The good news? It wrecks the price of oil, fortunately and predictably. We can't support that high price of oil if not enough are buying. Links: http://finance.yahoo.com/news/Stocks-sink-on-fresh-fears-apf-3537054013.html?x=0&sec=topStories&pos=1&asset=&ccode=; http://finance.yahoo.com/news/Oil-drops-below-95-per-apf-3522845891.html;_ylt=AjawuDjIoyQ8mNdId8DG4cK7YWsA;_ylu=X3oDMTE1bzE5czZiBHBvcwM2BHNlYwN0b3BTdG9yaWVzBHNsawNvaWxkcm9wc3RvYmU-?x=0&sec=topStories&pos=3&asset=&ccode=
Friday, May 7, 2010
Concerning that drop in the Dow yesterday
Unless you slept the last 24 hours, you know the Dow Jones dropped the most it ever had yesterday, about 1,000 points, before recovering a bit for "only" a loss of 347.80 points.
Whew.
That was close.
But looking into this further, there was already news out this morning that--oops--it may have been a computer accident.
Or something.
And I'll tell you what, the government better look into this--thoroughly and quickly--to find out what, exactly, happened, why, how and whether anything even inappropriate happened, if not out-and-out manipulative and/or illegal.
A few days or times of that kind of trading happening and any faith in the markets would not just be shaken but destroyed.
How likely is it people and companies would want to trade when markets are that volatile?
Nothing would be safe.
Check this out from Bloomberg News today:
The market rout triggered scrutiny from lawmakers. U.S. Representative Paul Kanjorski, a Pennsylvania Democrat, set a May 11 hearing. U.S. Senator Ted Kaufman, a Delaware Democrat, questioned whether markets that increasingly rely on computer algorithms to execute thousands of transactions in seconds triggered false trades.
“This is unacceptable,” Kanjorski, who leads a House Financial Services subcommittee that oversees the SEC, said in a statement. “We cannot allow a technological error to spook the markets and cause panic.”
Yeah, I'll say.
Then there's this from Talk Left Blog :
Algorhithms may be the culprit.
High-speed trading, which uses sophisticated computer algorithms based on specific scenarios to automate transactions at speeds in the millionths of a second, now accounts for about 60 percent of U.S. equity volume.
"The potential for giant high-speed computers to generate false trades and create market chaos reared its head again today," Senator Edward Kaufman said in a statement.
"False trades"?
So yeah, Congress, please look into this, right away and thoroughly, please.
And don't pander to the corporations running this show, either.
(Man, that last line is funny, ain't it?)
Have a great weekend, folks. (If the markets don't collapse).
Whew.
That was close.
But looking into this further, there was already news out this morning that--oops--it may have been a computer accident.
Or something.
And I'll tell you what, the government better look into this--thoroughly and quickly--to find out what, exactly, happened, why, how and whether anything even inappropriate happened, if not out-and-out manipulative and/or illegal.
A few days or times of that kind of trading happening and any faith in the markets would not just be shaken but destroyed.
How likely is it people and companies would want to trade when markets are that volatile?
Nothing would be safe.
Check this out from Bloomberg News today:
The market rout triggered scrutiny from lawmakers. U.S. Representative Paul Kanjorski, a Pennsylvania Democrat, set a May 11 hearing. U.S. Senator Ted Kaufman, a Delaware Democrat, questioned whether markets that increasingly rely on computer algorithms to execute thousands of transactions in seconds triggered false trades.
“This is unacceptable,” Kanjorski, who leads a House Financial Services subcommittee that oversees the SEC, said in a statement. “We cannot allow a technological error to spook the markets and cause panic.”
Yeah, I'll say.
Then there's this from Talk Left Blog :
Algorhithms may be the culprit.
High-speed trading, which uses sophisticated computer algorithms based on specific scenarios to automate transactions at speeds in the millionths of a second, now accounts for about 60 percent of U.S. equity volume.
"The potential for giant high-speed computers to generate false trades and create market chaos reared its head again today," Senator Edward Kaufman said in a statement.
"False trades"?
So yeah, Congress, please look into this, right away and thoroughly, please.
And don't pander to the corporations running this show, either.
(Man, that last line is funny, ain't it?)
Have a great weekend, folks. (If the markets don't collapse).
Thursday, April 2, 2009
France looks better all the time
France, Germany, French President Nikolas Sarkozy and German Chancellor Angela Merkel all look better and smarter all the time, it seems.
They're the ones pressing the most at the G20 right now for much more regulation and restrictions in business and our ugly, out-of-control Capitalism.
Thank God.
Look where all this selfish, unregulated banking, for instance, has gotten us--all of us, worldwide. Collapsing banks. Failing insurance companies. Collapsing stock markets.
Maybe doing it all "above board" makes far more sense after all. This way the wealthy can, sure, still make money but just not fleece so many others who may or may not have that much money, all so they can be more obscenely wealthy.
They're also saying that maybe it doesn't make so much sense to throw so many more trillions of dollars at these busineses, too.
Imagine that--Socialist countries saying that maybe it doesn't make sense to soak up tax money to big institutions.
It seems backward, doesn't it?
Usually it's the free market capitalists who are saying don't throw government money at problems.
Pass those French Fries, will you?
Link to story here:
http://news.yahoo.com/s/ap/20090402/ap_on_re_eu/g20_summit
They're the ones pressing the most at the G20 right now for much more regulation and restrictions in business and our ugly, out-of-control Capitalism.
Thank God.
Look where all this selfish, unregulated banking, for instance, has gotten us--all of us, worldwide. Collapsing banks. Failing insurance companies. Collapsing stock markets.
Maybe doing it all "above board" makes far more sense after all. This way the wealthy can, sure, still make money but just not fleece so many others who may or may not have that much money, all so they can be more obscenely wealthy.
They're also saying that maybe it doesn't make so much sense to throw so many more trillions of dollars at these busineses, too.
Imagine that--Socialist countries saying that maybe it doesn't make sense to soak up tax money to big institutions.
It seems backward, doesn't it?
Usually it's the free market capitalists who are saying don't throw government money at problems.
Pass those French Fries, will you?
Link to story here:
http://news.yahoo.com/s/ap/20090402/ap_on_re_eu/g20_summit
Subscribe to:
Posts (Atom)
Posts
