DOW CRASH of 2010???

Interesting 1000 point intra-day drop on the DOW today. It seems we had some "help" at the end to shore it up though. Greek crisis helped precipitate and commodities besides oil had a rally. Euro's weakness was dollar's "strength".

Faber China Comment:

http://www.businessweek.com/news/2010-05-03/china-may-crash-in-next-9-to-12-m...

Category:

News & Politics

Tags:

• dow collapse
• market crash
• dollar
• gold
• commodities
• plunge protection team
• Federal Reserve
• economic collapse
• greece
• IMF
• sovereign
• debt

[urfastpaydaily]

Glad You are back! Great points as usual. A highlight to your comment about China worried about losing there customers in the Europe with a dying Euro and the US for obvious reason. Fundamentally when you lose your customers, you are gonna be hurting.

Now what customers does the US have and for what products? What are we exporting that is bringing wealth to our people.

The only thing that's been growing are Ponzi Jobs produced by Ponzi paper. No Assets to sell abroad. We're in trouble

[networkingman]

@urfastpaydaily Good to see you again my friend! Yeah, you bring up completely valid points as usual. The math is not in our favor...

[endlessmountain]

I never thought of the plunge protection team until you brought it up.

I have no idea what Friday is going to bring, but is today a topping sign or is it just another conspiracy theory in wall street.

[networkingman]

@endlessmountain I know and it's not anywhere near Option Expiration day!

[CTOL1]

Hey there flatlander.... LOL Great to see you back! Yea what a weird day

I am one of them that did not ask to be "here" but on a good note, I have a few interviews lined up, and that is a change, more than I had in the past year in one week!

I can hear Gov Arnold "We going to Pump you up"

[networkingman]

@CTOL1 LOL!! Well I am a native Californian so I'm not entirely a flatlander! lol Glad to hear you have some interviews lined up. I've seen a few friends get some jobs too. Just hoping for the best for all.

[bunkermunk]

nice 2 c u back

[zgreg427]

fear monger

[dakota7609]

there was a black finger but not a fat finger.....buy some some cheap land in west texas while price still good for your own protection.

[dakota7609]

the puppets and puppet masters must be exposed and convicted of fraud...this means team "o-bomb-us" and company must go to jail!!

[vivaloriflamme]

Weird times we live in.....

[veritasfiles]

I have a feeling that this collapse had more to do with manipulation than it did with any real market activity, rational or irrational. Yeah, and it will be states like states with large populations of poor, immigrants, and retirees that will the biggest problems. But eventually, this will hit absolutely everyone.

[powergirl901]

By "state benefits" you should be referring to ex-cops who can pull pension money from us, SSI, AND military pensions. They could be making 3k per month just sitting on their asses. I hope these guys get a reality check soon.

[atanboy]

good to hear from you again. thanks for the info. GOD bless!

[devildriver4687]

Black Thursday.

[debtruth1]

great to see you!

[TracyM1974]

It's good to see you again. Thanks for the info : )