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What In The World Happened Today To The New York Stock Exchange?
9 years ago

I too have stopped believing in coincidences, and also thought of the correlation between the China stock market mini crash, and the "glitches" of the Dow. China's plummeting stocks seemed to be way out of whack for what was happening at that time: positive news about Greece, China's GDP slightly higher than expected, and new lower minimum bank reserves announced - sure there was a needed correction, but this was over kill; and the fact that even stronger government assistance failed to initially halt the decline pointed the finger at other external forces at work: Domestic institutional short selling - not a normal practice in China? International investment banking firms short selling - no one firm has the clout, it would have to be a coalition, and all have shown that when there's excessive profits available they will stoop to new lows to get their piece of the action. When news of the Dow's closing, due to glitches, it reminded me of a warning shot across the bow - you mess with our markets and we will mess with yours, and we have the capability of doing it. Glitches was a lame excuse - no one would want to admit that a foreign power could possible interrupt the bastion of capitalism's world.

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