Thread: economist blames wall street for collapse
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Canuck57[_9_] Canuck57[_9_] is offline
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Default economist blames wall street for collapse
On 09/05/2010 1:38 PM, wrote:

It was far more than a simple computer glitch. Greece and the possible
crash of the Euro was a lot more troubling than one trader typing
billion when he meant million. Most of that was recovered by the end
of trading.

You have that right. It sure as hell was no glitch. Only in
liberal-debt monger liberal minds was it a glitch. They can dream on.
A trillion dollar move occured.

The market ran out of buyers and had too many sellers. That simple. No
one trusts our own governmetns debt-corruption currency and banking
mismanagement. And that includes the USA.

Between Greece and pathetic US numbers for unemployment and debt
spending, the market paniced. Big deal. Buying opporunities.

Sooner or later this ponzi debt bubble is going to burst and this may be
nothing. This might have been the warning shot to out of control
government spending and ponzi federal banking.

And my broker had better honor the limit trades that triggered or I will
be so ****ed.

My guess is we have about one to two weeks of crappy markets, then a
rise. Should be Sept/October for the big crash. But who knows, maybe
Monday at opening. Could be good to chery pick some more.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.
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