That was... different

Sooooo a 1000-point drop, and bounce back, on no news to speak of. Financial sites just pointing to the Greek/Portugal/Spain debt crisis but the market's known about that for days/weeks, everyone's been talking about it. Opinions? Is there a really big shoe about to drop that the market just caught wind of?

Paul Kammueller said:

Sooooo a 1000-point drop, and bounce back, on no news to speak of. Financial sites just pointing to the Greek/Portugal/Spain debt crisis but the market's known about that for days/weeks, everyone's been talking about it. Opinions? Is there a really big shoe about to drop that the market just caught wind of?

Hi Paul

Haven't the foggiest idea on what goes thru stock market investors' heads, but it is interesting thatstocks have been sagging for awhile, but precious metals so far do not seem to be tracking down along with the market.

Since fall 2008, until now, metals have sagged in tandem with stock price sags.

If this time metals surge against a stock sag, would that be evidence of increasingly weakened confidence in both stocks and fiat currency? Or just coincidence?

Paul Kammueller said:

Sooooo a 1000-point drop, and bounce back, on no news to speak of. Financial sites just pointing to the Greek/Portugal/Spain debt crisis but the market's known about that for days/weeks, everyone's been talking about it. Opinions? Is there a really big shoe about to drop that the market just caught wind of?

There are a couple of theories being put forward on CNBC. "1. The Rise of the Machines" they are blaming it on high frequency computer trading, 2.a major investment company (who dat? G&S probably) made an errant trade.

There has been a major ongoing effort to artificially prop up the market and restore confidence so that 1000 point spike was certainly not orchestrated. It seems far more likely that the boys at the top of the food chain are partial to some negative information that made them drop their socks. My guess is that they have discovered a European implosion is imminent.

Any bets on which bubble the gold or dollar pops first? I am going with the dollar collapsing first and then later will you be able to trade an ounce of gold for a head of lettuce?