Incredible at 2 minutes we went to the edge of the explosion, I can not put all the International Press Review of P.Jovanovic but I STRONGLY urge you to read it...
2010, THE ODYSSEY OF WALL STREET!!
from 7 to 10 May 2010 : What happened last night marks the end of small investors' confidence in the honesty of the New York Stock Exchange. I turned on the TV and the strident voice of Maria Bartorimo immediately made me understand that there was panic on board. The Dow Jones was on a downward slope, but between 20:30 p.m. and 21 p.m., something crazy happened: the Dow lost 998 points in the space of 15 minutes, then, once at the bottom, it resumed 600 dots. This created consternation in all markets. Clearly something abnormal had happened. Seven possibilities:
- 1) a serious NYSE software error;
2) mistake, no mistake, it doesn't matter, there was a massive sale of Citi mini-orders for $9 billion, and then they bought it all back;
3) violent, intentional market manipulation;
4) add to this the result of all the artificial intelligence systems, flash trades, which sell when it is necessary to sell, on their own, and then they buy back automatically, especially yesterday because of the sudden rise in the dollar.
5) the market was gradually going towards the mini-crash, and it was saved by a massive injection. Do not forget : Ben Bernanke had said that he would not hesitate to swing dollars by helicopter if necessary to save the markets.
6) an operation prepared by tens of thousands of independent online traders who do not depend on the NYSE system, and whose orders are taken into account in real time separately.
7) everything was normal, the Dow exploded in midair, recovered in extremis by the system and Ben Bernanke.
The Nasdaq cancels all orders placed between 14:40 p.m. and 15:60 p.m. with an increase or decrease of more than XNUMX%, read here Reuters. I've listened to the floor traders on CNBC, the ones down there in their blue coats every day, and they all accuse in one voice, the Matrix (genuine), all of these expert systems that sell and buy up to 40.000 actions in half a second. They say it will start again and it can destroy the whole NYSE system in a second!!
It's like being in Kubrick's 2001 film, with the HAL computer which had secret orders, and applied them to the letter, even if it meant killing the cosmonauts.
One of them even added that at some point the nuke would have exploded if it had continued for 2 more minutes.
Clearly, the drop of -998 points in 15 minutes, and the rise of 600 points in 20 minutes showed the average American, who was scrubbed yesterday, that he had no chance of winning anything. against his flash trades, and especially that the entire Wall Street rating system is a huge scam where computers arrange between them long before a human can even move an eyelash. This system only works for Goldman Sachs, JP Morgan and the like. So be careful with the session on Friday, May 7, it may shake up
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