CNBC STOCK MARKET CRASH May 6, 2010 (4/6) Dow Approaches Capitulation
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this part is the best :D
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@thepatient08 US bail Greece out?
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I LOVE to see these people shitting their pants... Look at their eyes and listen to their voices -lol These talking heads are blithering idiots.
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Greece is "only"???
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They spent 1 trillion dollars to bail them out. Greece may be small, but that's still a lot of money.
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Bailing out the EU drives the EURO down in value thus it crests the 1.26 level as in this video and everyone sells because things ARE unstable.
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If Greece is bailed out then Portugal, Italy, Ireland and Spain who are all into debt must be bailed out too. France is owed trillions and Germany does not have enough money to bailout everyone in the EU who cannot control their spending.
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this was pure market manipulation. Someone used the greek crisis as an excuse to manipulate the markets. greece is only 30 million people and only is small portion of the european economy. The banks are wanting more stimulus packages on top of what the greeks have just approved. Fearmongering at its best.
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Right you are. Greek riots on CNBC, Black Boxes are the only traders, Euro pierces critical support, EU Zone in bond trouble, rumours of credit freeze with all EU banks, and on and on and on.
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This was a full blown, NO BID, panic, free air, drop straight down Panic and Crash.
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Listen to Ben L's sqwak box audio as he called the crash.
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Thank you for collecting this evidence of that insanity on thursday. Fat finger my ass.
thepatient08 1 year ago 6
To see the change in the Dow go another 200 down in the blnk of an eye, it's insane.
Zoomer30 1 year ago