The AP Tweet account get hacked, a phony tweet is sent before
it is found and a correction can be issued in less than 10 minutes.
Meanwhile, the DOW JONES stock average has drops almost
20 points on the "bad news" before recovering with news of the
And some people think they will be able protect their homes
with their guns but mean while their pockets are getting picked
clean by offshore interests.
You betcha, bring on those AR-15's and 30 round clips.
On 4/24/2013 4:33 AM, firstname.lastname@example.org wrote:
I'm game.. we have to shoot the computers too since they did the trading.
A regular person barely has a chance these days.
Not at work, not at home, not with taxes, not with our Stupid congress
men and woman who pick our bank accounts daily.
We the middle class, are doomed.
The thing about financial markets is that they already super respond to ANY
kind of news. Anywhere in the world. Markets are always jittery. Brokers
and traders are jittery. That is the nature of the beast. With modern
electronic communications, this only increases the speed and intensity of
It was interesting how various "media" were coming out with "reports" of
impending doom because of this little incident. The market "crashed" and
"recovered" in about ten minutes. When is the last time you heard about a
complete market recovery occurring in ten minutes? Yes, the digital media
caused this little "crash". And just as quickly the digital media cause
this "correction". Talk about a non event. And talk about about a bunch of
hysterical media scum crating monsters out of nothing.
Wake me up when something interesting happens.
<rolls, over and goes back to sleep>
Oh no, this was not a non event.
If you happen to be in a fund where they sold off, you might have been
lost a bunch of money, then recovered it back, but at a slightly higher
price... it depends. The machines can react fast, but not in reverse of
the order and price... Some people lost, some made out.
What you are describing is a daily event, on paper some people lose
money and some people make money every day. Add to that while the Dow
dropped about 150 points, that was slightly over 1% and that alone was
nothing out of the ordinary, that happens very often.
And typically mutual funds are not bought and sold during the same day
rather they are bought and sold after the market closes. It is the day
traders that took the ride. Mutual funds are not bought and sold like
the day traders buy and sell individual stocks.
Part of my job is to work with computers and software that actually monitor
the financial markets. Mostly for research and information services. I
look at the markets every day. I can tell you that if a head of state
somewhere gets a cold, it shows up in the markets. Almost every day (except
Mondays) there are economic reports. At least a quarter of these economic
reports affect market prices measurably. Every time a major company exceeds
or doesn't make a projected profit for the quarter, it affects market
prices. Every thing from European governments and banks to Chinese
manufacturing production affect market prices.
There are financial news junkies. Every time they get any news of any kind,
they affect market prices. One of the big things among active traders is to
notice when a market moves takes place and try and figure out why. At 2:00
EST the S&P 500 jumped 8 points. Then they go looking on all the news
channels to figure out what happened. Every little thing affects market
prices. Most mornings at 8:30 EST, there is a report or two. The market
can just yawn or jump up or down. Since most folks do not trade before 9:30
EST, it can greatly affect a position in the markets. And the European
market can really drive prices, even though their volume is far beneath the
Market prices are driven by a lot of different things. Most of the time,
the driving forces are not that exotic. The most important thing is how
people feel, or react. Rumor and paranoia reigns supreme. A standard maxim
for the markets is that all trades are driven by fear or greed. That is not
far off. It is emotional and reactive. It doesn't take much to set off a
run up or down. And it can occur at any time. As someone who works with
this sort of thing, I can assure you that a ten minute, self correcting
event has far less effect than events that occur almost every day.
One of the big complaints, by market insiders, is that the media is always
trying to scare people. And since people are directly involved in buying
and selling of securities, they get scared and the markets get volatile. A
whole lot of market destabilizations comes from these fear mongers. As most
intelligent people know, the media is absolute scum who will do anything for
a story. And are not remotely concerned about the negative impacts of their
BS. When you get right down to it, this event proves the market did it
right. The big move down only took 2 or three minutes. 3 or 4 minutes
later, it mostly recovered. 10 minutes later, every thing was normal again.
Because the original event was a hoax.
How many other things in life resolve themselves in 10 minutes? From a
market perspective this was a non event. From the outside looking in, not
understanding how financial markets work, this may seem like a horrible
event. I was out of the room fixing myself some lunch when it happened. I
came in with my sandwich and said to myself, "What happened?" I went online
to check it out. 10 - 15 minutes later, it was every where. AP's twitter
was hacked. Google use went up big time right then.
Remember, all markets are news driven. Even if the news isn't true. It all
balances out. That is the nature of all markets. Environmental influences,
supply and demand, etc. all affect prices. That is why so many folks who
work in the financial markets are news junkies. I am not much of a news
junkie since I mostly work with the hardware and software. It was an
interesting thing for me to look up when eating a sandwich. And regardless
of the many chicken little "reports", it was a non event.
I'm good for a least that much time if not longer.
A 7000 w diesel generator helps a bunch
How bout you, Lou?
What have you done to prepare for what you think is going to happen?
I know you don't have a gun, so whatcha going to do?
Right. Have you ever heard the statement, "There's always a bigger
fish out there"? The noise of your diesel generator, if you really
have one, would attract all sorts of unwanted attention to your
Do you actually believe that you and your litte arsenal of weapons
could hold off a concerted attack if it came? You might be fine with
the occasional one or two people coming around, but if an organized
group of people wanted what you have, you're deluded in thinking you
could stop them from taking it.
Well, people in my position wouldn't last very long anyway, whether
there were looters on the doorstep or not. I consider myself a fighter
by nature, but having a gun available in the case of serious anarchy,
I'd probably be thinking about when it was a good time to kill myself.
Made a post before seeing this.
You're right, who the hell cares about 40 miles South West of BumFuck?
Lay a couple of rounds over the bow ever couple of days and you will
insure that anybody on the property will keep their heads down.
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