06 May 2010

Ouch, That Hurt

You all have heard what happened today. I watched it in real time, although Schwab froze up and I couldn't even see my stuff, much less buy or sell. Not so much fun being a retail investor.

This was Goldman's shot across Obama's bow. The NYSE (and I will suppose NASDAQ) claim that there was no failure of the systems. On the other hand, there was no news at the time of the 500 point dive. This was an inside job.

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