Dip circa 11am.. what caused that?

Missed that and cant find what happened there.. did I miss something or was it just some major sell orders going on by big players?

Missed that and cant find what happened there.. did I miss something or was it just some major sell orders going on by big players?

check the board two things negative one thing positive.
first Fed Cancelled a Repo then some negative Japan Speak... then Fed CAME back
and reinstated its cancelled Repo based on possible Japan Meltdown.

just crazy .. im sure some institutional traders lost money quickly.

Edited by Mr Dev, 16 March 2011 - 10:39 AM.

Missed that and cant find what happened there.. did I miss something or was it just some major sell orders going on by big players?

check the board two things negative one thing positive.
first Fed Cancelled a Repo then some negative Japan Speak... then Fed CAME back
and reinstated its cancelled Repo based on possible Japan Meltdown.

just crazy .. im sure some institutional traders lost money quickly.

Pulling the tubes out sure just made it more obvious that the market is still on life support.

Edited by spielchekr, 16 March 2011 - 10:46 AM.

Missed that and cant find what happened there.. did I miss something or was it just some major sell orders going on by big players?

An EU energy minister made comments that the Japanese nuclear situation was "out of control". That got the ball rolling. Then the Fed reacted, etc etc.

I think they damaged the confidence though... Headed a bit lower here. It almost looks like Fed wants the market lower, but in an orderly fashion...

Edited by arbman, 16 March 2011 - 10:50 AM.

Ok I suppose issues on multiple fronts.. market looks like a rowboat about to tip over

I think they damaged the confidence though... Headed a bit lower here.

It almost looks like Fed wants the market lower, but in an orderly fashion...

One of the purposes of the Fed is to move things up and down in artificial cycles, so their cronies can profit all that much more, being "in the know".

now, he says he didnt mean that - 1651: IAEA chief Yukiya Amano told the press conference earlier on Wednesday it was "not the time to say things are out of control". He said the Fukushima operators were "doing the maximum to restore the safety of the reactor". 1649: On Tuesday, Mr Oettinger had said Japan was facing an "apocalypse". 1645: A spokeswoman for EU Energy Commissioner Guenther Oettinger has clarified his earlier remarks that "further catastrophic events" were expected. "He just wanted to share his concern and that he was really touched by all the images of people and the victims," said Marlene Holzner. "In this sense, he said that according to we have seen in the media, it seems that in the nuclear power plants at the moment we do not have technical control." I think as someone said on the news this catastrophe may be a "economic silver lining" for Japan -ha, and I am sure Ben is happy that there is an external event to blame a decline on, so he can get back to pumping at more reasonable levels.