- I do not buy the accidental ‘fat finger’ error. It is pure BS. All trading platforms have trading limits that do not allow you to enter ridiculous trades. How can the price of blue chip stocks dropped 100%? This was a deliberate take down by someone. Some organization hacked into the system to enter orders that are $0.01/share. And this happened to many shares.
15 Minutes of Panic And Terror From The S&P Pits ! The 1000 Points Dow Jones Collapse on 6 May 2010!
- This is one for the history books. As I watched all the financial figures coming in, it looked like financial Armageddon! Apart from the stock market collapse, the currency market was quaking violently. I could not believe the 5% leap of the Yen against the USD in 20 minutes. All currencies were moving violently against each other and the USD. It was a day I will remember for a long time. Thanks to Tyler Durden of ZeroHedge, you can hear the fear, loathing, terror in the S&P pits:
“Guys this is probably the craziest I have seen it down here ever.” Here it is, memorialized for the generations and away from the now openly ridiculous disinformation propaganda of the mainstream media, just what a full market meltdown panic sounds like: straight from the epicenter, the S&P 500 pits. Luckily open outcry still exists, if at least for shock value. Click here for a first hand account of the most shocking 15 minutes in recent market history. Fat finger my ass.
- I like to add that what is coming is far worse! A financial tsunami of ginormous proportion is coming. The world is heading towards a global financial, economic and monetary collapse! Although, I think this will occur in about a year! The Illuminist money powers may be losing control of the entire situation. Gold is becoming the new reserve currency! Run to gold if you have not already done so.