Tag Archives: stock market

The economic rumblings are getting much louder…

I won’t sit here writing this, and pretend that I understand all of what is happening in Cyprus. I don’t understand what is happening with the Euro, or the global economy. I am certain the details and minutia would boggle my mind. I can’t seem to wrap my head around how this crisis slipped up on us unaware.
I realize a personal economy and banking is vastly different than central banking, but I just don’t get how this happened so suddenly.
How is it that an internet full of chicken little blog posts saw this coming and the investors and bankers didn’t? That doesn’t make much sense to me at all.
The only thing I do understand about this is that the governments borrowed their way into massive debt,  or the private banks made very risky loans, and now the citizens have to suffer.
Last week, there was talk of looting whatever money was left in the citizens’ bank accounts by a tax of as much as 70% of savings, but was eventually overturned. Ultimatums are now being put on Cyprus to accept the conditions of a bailout or face a national, governmental bankruptcy.
As the citizens became more and more aware that any money they had that was in the banks could be subject to seizure or worse, they began to line up at the ATMs to get what they could before it was all gone. To avoid a run, banks instituted limits on cash withdrawals.
Other citizens, angry at even a thought of confiscation of their hard earned money, began to riot in the streets. This is all well and good I suppose, but their infrastructure is crumbling due to this financial mess. Very soon, they will face a situation much like Greece did, shortages abounding.

What most Americans are waking up to is the fact that these incidents are not isolated pockets of misfortune half way across the globe. They are the tremors of a large quake that is about to hit the global economy. The framework for a confiscation, or collapse protection is already being setup here in the U.S. These events could very well be seen in history as the beginning of a very large, sustained, and painful correction.
Hold on to your seats everyone, this may get a little bumpy…

Quick explanation of the “Algos Gone Autosell Wild”

From Zerohedge.com

Here is a quick summary of what happened (courtesy of www.zerohedge.com):

In summary:

  • Rogue algo strikes number of stocks: up to 148 symbols impacted
  • WFC preferred security JWF trades 4.9MM shares, and trades down more than 10%
  • VZ, PEP, RSH, BBY, WFC and many more all affected
  • Appears to be an auto buy program error on some issues
  • An auto-sell program on other issues

But wait! There’s more!

I hate to sound like a conspiracy nut (there are a few out there believe it or not) but there have been a few reports of the stock market doing the same things right before 9/11…

Josey Wales from “Before It’s News” wrote yesterday:

Today Stock Exchange trading went off the charts with 2000% increases instantly. This is EXACTLY what happened 2 days before 911. It’s happening again!

I honestly don’t know what to make of this. I don’t want to turn into a chicken little, yet I also don’t want to ignore this data. I suppose each one of us will have to decide what this means for ourselves. Keep an eye on the market in the next few days/weeks.

Stock-Trading Robots Refuse To Open Pod Bay Doors: Seven And A Half Things To Know

I found this good article over at the Huffington Post, and had to share it. There was an issue at the NYSE the earlier this week and there has been a lot of scrutiny due to other recent issues at the stock exchange.

This has prompted Mark Gongloff to create a list of things you need to know to understand properly what it all means. Please have a look at the article, it is worth the read.

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