Rumor has it, one of the Goldman robots, who actively trades stocks, got pissed off at one of its programmers for not spraying its gears with WD-40. The robot is all pissed off and decided to tank the market a good 150 points. Furthermore, rumor has it, the Goldman programmer is applying the WD-40 as we speak and read and breathe.
In other words, a reversal of the reversal is possible.
Developing…
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Say what?
pretty simple stuff.
I was going to cover my shorts, but when I was running with my velcro shoes on, the velcro got caught and I tripped. I couldn’t get to the computer on time.
Maybe I can now get some new velcro straps for my shoes.
that free hooker FTK better opens her legs tonight otherwise I am going to FTK her in the eyes or open a new hole
at my discretion.!!!!
still waiting
great rant!
Rumor has it they’re running Windows 7. Nerds everywhere, put down your blogfan meeting schedulers and tend to the robots!!!
As soon as service pack 1 is out for windows7, that computer will be back to normal. It has a self oiling feature.
Market drops to session lows, weakness attributed to several rumors
The averages dropped over the past hour without the weakness being attributed to any news in particular There are several rumors that some people are blaming for the weakness, however. According to one unsubstantiated report, the first-time home buyers’ tax credit, due to expire on December 1, will not be extended. There is also a rumor that Bank of America (BAC0 will have to carry out another round of capital raising and there are whispers about impending downgrades of major banks by S&P. None of the rumors has been substantiated but the market dropped as if something was amiss. Meanwhile the dollar moved higher against the euro. The DJIA is down 85 points to 9,885, the Nasdaq is down 8 points to 2,146 and the S&P is down 9.5 points to 1,070
The BAC capital raising is real enough though as they may not have any choice but to buttress the TARP repayment with a capital raising which Morgan Stanley estimates will be around 9 billion.
They also say it will be earnings accretive obviously as the common is not really paying a dividend
all the bulltards talking head shitweasels on CNBC are a complete fucking joke…
The banker’s lackeys in teh CONgreff are talking about resolution legistlation which we know is entirely theorhetical and will not be used on any too big to fail within their lifetimes. Then there is the CIT thing. Yhe WD-40 theory is as plausible as any.
DO NOT USE THE PPT!!
Money is better than poverty, if only for financial reasons.
you are 1 post away from a full ban.
UUP up another 5 cents in last 5-10 mins … going lower …. watch S&P pivot 1061 … if broken it may confirm a top
What about my cool gravatar? Doesn’t that count for something?
A full ban? Ah that brings me back…..(sigh)
O.K. I’ll take this warning as a signal that you would like a more cogent post. I like LSCC …. I bought 4,800 @ 2.07 today and i’m bidding for another 15,200 at that same price….
The need to have moves in the market explained by causes is fully investigated by Nassim Taleb in his books “Fooled by Randomness” and “The Black Swan”. The need is inside our heads and not out there in the market. The fact is investing involves far more risk than any of the models used to get the market to these highs actually contemplate. Only after the market delivers these risks, will people understand. In the mean time, if you are thinking of buying the dip…. don’t.