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so what caused the stock market to dip?

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Splatted
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so what caused the stock market to dip?

Postby Splatted » Fri, 07 May 2010 3:16 pm

My local news said a fat-fingered stockbroker was responsible

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nakatago
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Postby nakatago » Fri, 07 May 2010 4:54 pm

http://www.cnbc.com/id/36999483

Did you look at your keyboard to see if b and m are next to each other?. :cool:

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durain
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Postby durain » Fri, 07 May 2010 5:12 pm


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ksl
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Postby ksl » Fri, 07 May 2010 6:44 pm

The reality is that Fannie Mae needs another 10 billion to bail them out. With mortagage defaults on the increase.
That coupled with Greece problems and the financial problems is weighing heavy.

Though the media is pumping a turn around in the economy in Singapore, Consumer spending is down in month on month.

Though their has been quite strong production output in Taiwan, that is due too stock inventories, that dried up last year, actual retail sales are down in reality.

The 4th quarter results are coming out this month

Though there was talk that a program or system error led to the cascade of selling, media reports indicated that the major exchanges said there was now error on their part.

My guess is risk aversion since the smoke cleared and results are coming in, something doesn't tally......more production new jobs, no spending, what's happening
Last edited by ksl on Fri, 07 May 2010 7:39 pm, edited 1 time in total.

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Strong Eagle
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Postby Strong Eagle » Sat, 08 May 2010 1:01 am

Greece. Default. And the failure of EU countries to decisively resolve.

Euro drops. Investors panic. EU based stocks in US tank. Euro denominated investments tank. Sovereign debt questions arise.

Market volatility... and remember this is just a moving average... is high, will increase. Expect a run if Greece debt plan tanks.

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Postby booey » Tue, 11 May 2010 8:53 pm

so, what's the real reason?

really enter a "b" instead of "m"?

expect more volatility in the days to come.

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aster
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Postby aster » Tue, 11 May 2010 9:52 pm

I thought it was the stop-losses that kicked in, triggering yet more shares to be thrown onto the market?


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