Dow down 335

[Ponce]

Wowwwwwwwwwwwwwwwwww, is a new world.

[Ponce]

-404

[chad]

411!

[Ponce]

-421

[Johndoe]

Anyone have those circuit breaker details?
Lost mine

[Ponce]

-480

[Korbin Dallas]

-494 holy shiat, now -550

[wildcard]

Lookout below!

Link Here (http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1273176000000&chddm=1173&chls=IntervalBasedLine&q=INDEXDJX:.DJI&ntsp=0)


EDIT: Changed long link to named link. -Gaillo

[Ifyouseekay]

-

[Chibioz]

-559!!!!

[chad]

holy shit!

[Ponce]

-560

[wildcard]

Haha!

[Chibioz]

OMFGG!!!

[Ponce]

-618

[Chibioz]

-742!!!

[wildcard]

733

[Chibioz]

-847!!

[Ponce]

-715

[Chibioz]

-900!!!

[wildcard]

DOOM

[Ponce]

-803 gold $1,200

[Chibioz]

-966 APOCALYPSE DOW!!

[Ponce]

-900

[wildcard]

Circuit breaker at 10%?

[gunDriller]

and what makes it odder is seeing silver climb back.

we've already witnessed the de-coupling of gold from the stock market. it's like a spring being compressed. complete market crash & gold is climbing above $1200.

it must be a high trading volume ... the PPT can't hold back the tide.

or maybe the PPT is having a liquid lunch with the JPMorgan silver manipulators. 8)

[Ponce]

-963

[wildcard]

-697 DOOM averted. ;D

[Ponce]

Going back up

[Chibioz]

that was insane

[gunDriller]

today is a historic day, i haven't seen the market behave like this since September 18, 2008.

[wildcard]

That was pretty close to a 10% drop in a few minutes time. That was some crazy shit.

[undgrd]

PPT must be flexing their muscles right now

[chad]

i wouldn't get concerned, that's just fundamentals in action. totally normal to go down 960 points in a day.

[Korbin Dallas]

Quite a bounce back to -662. Computer trading or more manipulation?

[wildcard]

Someone just got sheared.

[wildcard]

-535

[chad]

check out cnbc. cramer is all "this is normal, the machine broke or something, nothing to be worried about, it's a great buying opportunity."

[Book]

http://image.guim.co.uk/sys-images/Guardian/Pix/pictures/2008/04/24/cramer460x276.jpg
" A WONDERFUL BUY OPPORTUNITY FOR RETAIL STORES...BUY MACY'S!"

:oo-->

[Gaillo]

check out cnbc. cramer is all "this is normal, the machine broke or something, nothing to be worried about, it's a great buying opportunity."


:ROFL: :ROFL:

[k-os]

I thought they had stops in place so that it wouldn't go down more than 400 in one day?

[Ares]

Definitely climbing back out of the hole it was in.

[wildcard]

I thought they had stops in place so that it wouldn't go down more than 400 in one day?


I think the first circuit breaker is at 10% drop.

*like a 30 minute stoppage of trading.

2nd one is longer...maybe half a day?

[wildcard]

-423

[k-os]

That was crazy there for a few minutes. Again, I thought "is this it?" But I ask that at least once a day lately.

[madfranks]

-395 hey not so bad ;D

[Gangsta99]

TPTB dropping some big money to keep the markets from hitting that 10% mark.

[Ponce]

Let's see what happens in the last 1/2 hour.

[Chibioz]

-507 makes you wonder what is going on behind the scenes.

[wildcard]

Let's see what happens in the last 1/2 hour.


Finish up about 18 points of course. ;D

[Gaillo]

TPTB dropping some big money fiat to keep the markets from hitting that 10% mark.


Fixed that for ya. ;D

[undgrd]

-507 makes you wonder what is going on behind the scenes.


GS is beating Treasury over the head with sacks of pennies while the IMF sneaks pallets of $100's out the back. Nobody is steering the ship.

[chad]

that this can happen 2 YEARS after the 2008 debacle is nothing short of amazing.

you are a fucking IDIOT to have money in these markets.

[sirgonzo420]

Let's see what happens in the last 1/2 hour.


Finish up about 18 points of course. ;D


Dammit!

Post stealer!

:D

[chad]

i'm watching cnbc right now. it's like the end of the movie rollover.

[DMac]

Holy Santa Clause Shit!

DOW Range Today:

9,869.62 - 10,879.76

[wildcard]

-386.

[Horn]

They ought let that thing reset somewhere around 6500.

Then they might be able to get somewhere.

[Gaillo]

Holy Santa Clause sh*t!

DOW Range Today:

9,869.62 - 10,879.76


Yes... and nobody even bothered to wake Silver up for the whole thing... :oo-->

[chad]

biggest intraday crash since 1987. :-X

[sirgonzo420]

Holy Santa Clause sh*t!

DOW Range Today:

9,869.62 - 10,879.76


Yes... and nobody even bothered to wake Silver up for the whole thing... :oo-->


Aren't you supposed to let a sleeping DOG lie?

;D

[chad]

every single person they have on cnbc says there's no way this could be normal (it had to be a broken computer), because "stocks just don't go down that much." :oo-->

[sirgonzo420]

every single person they have on cnbc says there's no way this could be normal (it had to be a broken computer), because "stocks just don't go down that much." :oo-->


Yep; stocks only go up - just like real estate!

[k-os]

Really, though, why did all of those people simultaneously decide at 2:30 to sell?

[chad]

somebody started dumping proctor and gamble, and then it turned in to mob rule.

[mamboni]

When the DOW spiked down everything but gold was down big. Gold was up big as was the dollar. You could almost feel the panicked run to safety. Now, all the charts are showing a strong and sudden reversal. If you listen carefully, you can hear Bernanke on the phone screaming at his Wall Street proxies: "Buy! Buy! Buy!"

[Horn]

Really, though, why did all of those people simultaneously decide at 2:30 to sell?


No, I think it was when the PPT decided to stop pumping it up. :o

They wanted to see how fast it would fall without their constant assistance.

[JJ.G0ldD0t]

When the DOW spiked down everything but gold was down big. Gold was up big as was the dollar. You could almost feel the panicked run to safety. Now, all the charts are showing a strong and sudden reversal. If you listen carefully, you can hear Bernanke on the phone screaming at his Wall Street proxies: "Buy! Buy! Buy!"


Right ... but gold did stay up (woot)


Dow down 417 right now

[randymatt]

Let's see what happens in the last 1/2 hour.


agree, better make some more popcorn

[madfranks]

Really, though, why did all of those people simultaneously decide at 2:30 to sell?


My understanding is there is a lot of computer trading going on, where certain programs watch certain stocks and take pre-programmed actions (buy, sell) when certain criteria are met. Meaning, something triggered a huge computer sell off.

I'm no wall street expert, so I could be wrong but that's what I heard.

[k-os]

My understanding is there is a lot of computer trading going on, where certain programs watch certain stocks and take pre-programmed actions (buy, sell) when certain criteria are met. Meaning, something triggered a huge computer sell off.

I'm no wall street expert, so I could be wrong but that's what I heard.


Thanks, that would make sense. I wonder what the trigger was.

[wildcard]

The conspiracy theorist in me says it was goldman sux telling the gov to back off or they'll flatten our economy with a flick of a switch.

[chad]

My understanding is there is a lot of computer trading going on, where certain programs watch certain stocks and take pre-programmed actions (buy, sell) when certain criteria are met. Meaning, something triggered a huge computer sell off.

I'm no wall street expert, so I could be wrong but that's what I heard.


Thanks, that would make sense. I wonder what the trigger was.


kate brewster's dad turned on skynet.

[k-os]

The conspiracy theorist in me says it was goldman sux telling the gov to back off or they'll flatten our economy with a flick of a switch.


See now, that makes sense too. Ouch. That would burn.

[wildcard]

http://gold-silver.us/forum/index.php?topic=3646.msg35938#msg35938

[1970 Silver Art]

Looks like the DOW is "stabilizng" and it is "only" down about 375 points when I last looked.

[Dirty Harry]

From Yahoo Finance....


In one of the most dizzying half-hours in stock market history, the Dow plunged nearly 1,000 points on worries about the reports say a possible glitch in Procter & Gamble shares shares traded on the NYSE as a contributing factor...

[chad]

some guy on cnbc is now reporting human error. says somebody at a trading desk hit B for billion instead of M for million on a sell order. ::)

[JohnQPublic]

some guy on cnbc is now reporting human error. says somebody at a trading desk hit B for billion instead of M for million on a sell order. ::)


I think that happened in the derivatives market, too. Someone hit Q for quadrillion instead fo T for trillion.


:oo-->

[Gangsta99]

F uck this dude on CNBC. These guys are so full of shiat.

[k-os]

It's a house of cards.

[chad]

they're obsessed with making this a human error. there's no way stocks could be overvalued + the trading firms' computers automatically sold them off at a certain level. :oo-->

[Gangsta99]

2 Billion shares traded to the downside, 113 Million trades to the upside? So did we just watch one of the biggest shifts in money on Wall Street in history? Whoever made a fortune today off this is TPTB. I really want to see who made the most today.

[SHTF2010]

i wonder if this roller coaster is related to the Germany vote friday on the Greece bailout

maybe everyone wants to get out before a NO vote by Germany

[Book]

some guy on cnbc is now reporting human error. says somebody at a trading desk hit B for billion instead of M for million on a sell order. ::)


http://www.careysmith.com/wp-content/uploads/2009/04/lrgscalefp_laughtop_toy_laptop.jpg

Bernanke's kid caused it.

:oo-->

[Spectrism]

How does this kind of drop occur and in less than 20 minutes they turn it around?

Hmmmm... no manipulation there, eh?

[chad]

How does this kind of drop occur and in less than 20 minutes they turn it around?

Hmmmm... no manipulation there, eh?


joe + mary smith had their e-trade accounts ready to go i guess.

[cigarlover]

I'll bet GS was short today

[Dave Thomas]

every single person they have on cnbc says there's no way this could be normal (it had to be a broken computer), because "stocks just don't go down that much." :oo-->


LOL, those idiots have NO idea that the exchanges that move the most moolah aren't staffed by stressed looking guys in blue and yellow coats anymore.

They are big server rooms out in Newark that make trades upon the picosecond. They can't seem to wrap their heads around the fact that software is now doing institutional trades based on input from from these "Quants" and the like. The reason they've never seen this before is because they haven't! LOL.

Gotta hand it to the PPT though. They sure did pump some capital somewhere to spur on some buying, look at that volume from 2~4pm!

[Olmstein]

Is it over? Can I open my eyes now?

[StackerKen]

The conspiracy theorist in me says it was goldman sux telling the gov to back off or they'll flatten our economy with a flick of a switch.


I am Not a conspiracy theorist....But like K-os said....That does make sense.

[1970 Silver Art]

Is it over? Can I open my eyes now?


You can open your eyes now. It is over..................for now. You may want to close your eyes on Friday just to be on the safe side. ;D

[Buddha]

Can't I just keep them closed all of the time? I see nothing, NOTHING :o

[Spectrism]

My wife got home from work. I asked her if she heard about the stock market. She asked if it dropped and I said it sure did. And, it is questionable as to why it plunged.

She replied that she was glad she got her 401k converted to a money market fund today. I asked what time....

Before 1:00.

I told her she was the one that crashed the market with her $3,000 transfer.

[mike88]

get out now, he is coming

[Ponce]

One of this days the samething will happen...........but..................it will be non stop.

[1970 Silver Art]

My wife got home from work. I asked her if she heard about the stock market. She asked if it dropped and I said it sure did. And, it is questionable as to why it plunged.

She replied that she was glad she got her 401k converted to a money market fund today. I asked what time....

Before 1:00.

I told her she was the one that crashed the market with her $3,000 transfer.


AHHHH YES!!!!! So now we really know why the DOW was plunging 900 points and here I thought that it was something called Greece that caused the DOW to fall 900 points. :ROFL:

Mrs. Spectrism sure has a lot of power over the stock market. I would not want to know what would have happened to the DOW if she transfered, for example, $10,000 out of the market. ;D

[Neuro]

Most probably it had something to do with program trading, humans alone are not able to crash the market 600 points in 7 minutes. This will do miracles for the VIX score though. I think it is safe to assume that we have entered a bear market again... As it should be! At this point we are very far from what fundamentals would support!

[Quixote2]

Orchestrated by TPTB to give the German Parliament a taste of what will happen if they do not bail out Greece (French banks) tomorrow.

[1970 Silver Art]

Most probably it had something to do with program trading, humans alone are not able to crash the market 600 points in 7 minutes. This will do miracles for the VIX score though. I think it is safe to assume that we have entered a bear market again... As it should be! At this point we are very far from what fundamentals would support!


Yeah it had to be the computers that do the program trading since they can apparently execute stock trades at a very fast rate. I would also think that it was the program trading that cut Proctor & Gamble's stock almost in half. Hmmm......tomorrow could be very interesting especially when the April jobs data comes out before the stock markets opens tomorrow. A shaky jobs data report might add to the volatility of the market. We will see.

[MNeagle]

NYSE: No Technical Problems During Plunge


The New York Stock Exchange is saying it didn't have any technical problems with its trading system when the Dow Jones Industrial Average plunged nearly 1,000 points Thursday afternoon, according to a MarketWatch report.


While the Dow erased much of its staggering loss, the index was still sharply lower for the session as traders worried about the potential for Greece's fiscal crisis to spread. The Dow ended down more than 300 points.


Meanwhile, reporters all over Wall Street were searching for answers as to what happened in the market, which lost hundreds of points in a matter of minutes -- and then bolted back up almost as fast. CNBC said its sources were indicating that a "trading error" at a major firm had played a role.


Indeed, several stocks, including Procter & Gamble (NYSE: PG - News), Accenture (NYSE: ACN - News) and Apple (NYSE: AAPL - News) were showing steep and difficult-to-explain tumbles that quickly eased when the worst of the panic subsided.

http://finance.yahoo.com/tech-ticker/nyse-no-technical-problems-during-plunge-480290.html?tickers=pg,aapl,acn

[oldmansmith]

So...should i sell all my gold and buy stocks now?

:ROFL:

[Gaillo]

So...should i sell all my gold and buy stocks now?

:ROFL:



Yes. Just be sure to report back to us how that works out for you, BEFORE you take a dive from the 42nd floor window! ;D

[1970 Silver Art]

So...should i sell all my gold and buy stocks now?

:ROFL:


Yeah you should sell the Yellow Metal Barbarian and get into stocks. It is perfectly safe now to get into stocks. :sarc: :sarc: :sarc:

Wall Street will protect your wealth. :sarc: :sarc: :sarc:

[oldmansmith]

I agree, I hear on the MSM that long-term stocks ALWAYS go up.

[1970 Silver Art]

NYSE: No Technical Problems During Plunge


The New York Stock Exchange is saying it didn't have any technical problems with its trading system when the Dow Jones Industrial Average plunged nearly 1,000 points Thursday afternoon, according to a MarketWatch report.


While the Dow erased much of its staggering loss, the index was still sharply lower for the session as traders worried about the potential for Greece's fiscal crisis to spread. The Dow ended down more than 300 points.


Meanwhile, reporters all over Wall Street were searching for answers as to what happened in the market, which lost hundreds of points in a matter of minutes -- and then bolted back up almost as fast. CNBC said its sources were indicating that a "trading error" at a major firm had played a role.


Indeed, several stocks, including Procter & Gamble (NYSE: PG - News), Accenture (NYSE: ACN - News) and Apple (NYSE: AAPL - News) were showing steep and difficult-to-explain tumbles that quickly eased when the worst of the panic subsided.

http://finance.yahoo.com/tech-ticker/nyse-no-technical-problems-during-plunge-480290.html?tickers=pg,aapl,acn


Yeah Riiiiiiiiiiiiiiiiiiiight. Suuuuuuuuuuuuuuuure. I have some Tennessee beachfront property that I want to sell to Chris Nichols. ;D

[1970 Silver Art]

I agree, I hear on the MSM that long-term stocks ALWAYS go up.


Of course stocks ALWAYS go up. :sarc: :sarc: :sarc: :sarc:

Just do not pay any attention from that period from January 2000 (DOW 11, 722 high) to March 2009 (DOW 6400 low). Nothing to see there. Move on. ;D

[BoatingAccident]

CNBC said its sources were indicating that a "trading error" at a major firm had played a role.

A "trading error" at a major firm...that firm, has a lot of power if an error can drop the dow 1000 points. House of cards is right.

The system is fine...you can trust it. These errors won't happen again. We fixed the glitch, you can go back to watching American Idol now. (sarcasm) ;D

[steveoc]

Another stat that I look at daily (coz Im Australian) is the USD - AUD price.

Today, despite everything thats happened with the DOW, the USD is much stronger against the AUD .. so my silver holdings have just experienced and excellent gain today in terms of my own currency - Im up by almost $1 per ounce. Thats really unusual, since the AUD normally climbs slightly against the USD, especially when metals are moving up.

Strange days indeed.

Im completely at a loss as to why silver is not in sync with gold at the moment - its rare to find a day where the graphs do not look pretty much identical. The last 2 days they are completely out of sync.

Friday will be interesting.

[chud]

They must really think we're all stupid, to buy into this story about someone fat fingering an entry. They don't want to admit that the situation in Europe is dire.

[Book]

They must really think we're all stupid, to buy into this story about someone fat fingering an entry. They don't want to admit that the situation in Europe is dire.


http://omama-obama.com/images/oops.jpg

Somebody "shorted" stock big-time and made billions with this fat-finger "mistake" thingie. The guy with the fat finger now has a few million on deposit in a numbered account somewhere.

[Kali]

Somebody "shorted" stock big-time and made billions with this fat-finger "mistake" thingie. The guy with the fat finger now has a few million on deposit in a numbered account somewhere.




Yep...then this same somebody probably bought back in and made some big $$$ as it went back up.

It's just that easy.

[Jenna]

http://www.youtube.com/watch?v=DE1WbyFQDSs

[FreeEnergy]

My wife got home from work. I asked her if she heard about the stock market. She asked if it dropped and I said it sure did. And, it is questionable as to why it plunged.

She replied that she was glad she got her 401k converted to a money market fund today. I asked what time....

Before 1:00.

I told her she was the one that crashed the market with her $3,000 transfer.


Mrs. Spectrism sure has a lot of power over the stock market. I would not want to know what would have happened to the DOW if she transfered, for example, $10,000 out of the market. ;D


It would be funny if it wasn't so close to being true. I bet 99.9% of all that "stock money" "money" is nothing but thin air, not even fiat.

It takes but one drop to overflow a glass which is already full.

[1970 Silver Art]

http://www.youtube.com/watch?v=DE1WbyFQDSs


Cramer: "The machines broke down."............Excuses Excuses Excuses.

I guess it was "the machines" that "broke" the P&G stock before it rebounded.

[Silver Moon Rising]

Here's my conspiratorial take on the Dow plunge/rebound:

TPTB realize that the sovereign debt crisis is real and will not go away soon. The PIGS are just speed bumps compared to the US debt situation. Sensing that US bonds might soon have trouble in attracting enough bids, they needed a way to convince money to move to the bond market. So they sharply drop the market and bounce it back up but not quite all the way back. People who watched it fall 1,000 points in a few minutes are scared to death and happy to move their money out of the "dangerous" stock market into the "safe" bond market.

The "fat finger" excuse is a false flag to further scare stock market investors into the bond market. I mean if a slip of the finger can erase my future retirement, then I need to protect my nest egg by putting it into bonds.

And there the sheep will be sheared one final time.

[Olmstein]

Here's my conspiratorial take on the Dow plunge/rebound:

TPTB realize that the sovereign debt crisis is real and will not go away soon. The PIGS are just speed bumps compared to the US debt situation. Sensing that US bonds might soon have trouble in attracting enough bids, they needed a way to convince money to move to the bond market. So they sharply drop the market and bounce it back up but not quite all the way back. People who watched it fall 1,000 points in a few minutes are scared to death and happy to move their money out of the "dangerous" stock market into the "safe" bond market.

The "fat finger" excuse is a false flag to further scare stock market investors into the bond market. I mean if a slip of the finger can erase my future retirement, then I need to protect my nest egg by putting it into bonds.

And there the sheep will be sheared one final time.


That make more sense than any other explanation I've read today.

[mick silver]

it was the government doing a trail run before the big one comes to see how the small people will act ... to get a head count on how many people jump off the 43 floor windows

[Dave Thomas]

LOL

NOW some on CNBC acknowledge the PPT!! (1:20)

Classic!

Fast money indeed!

http://www.youtube.com/watch?v=E9Q_4Minqys

[wildcard]

Seems a few stocks did hit circuit breakers. Stacy comments on maxkeiser.com


Stacy Summary: Interesting that the two shares that hit circuit breakers today, P&G and 3M, are often cited as two of the stocks that the PPT targets for buying for the precise purpose that, as they are so heavily weighted, they can move the Dow more than others. Your thoughts?

http://maxkeiser.com/