Why the Stock Market Plunged yesterday. Fucking idiots
 

One of the major reasons that the market plunged was because of a notice of Review of GM.

Yep. Thats right. This is a quote from this article.

" Shares of GM and Ford Motor Co. plunged in the waning minutes of trading Thursday, after Standard & Poor's Ratings Services placed their credit ratings under review for possible downgrade. "

http://www.msnbc.msn.com/id/27101859/


Some talking heads from Standard and Poors decided that it would be in EVERYONES best interest to announce that they would be reviewing the rating of GM. So the market plunged 600 points.

No.. we could not wait till the market went back up a bit to make sure that the drop hurt a little less. they wait till a day when the market is as low as they THINK it will go, and then at the end of the day make the announcment.

wonder how much they made off the deal.

Whats it called when you buy a PUT?? thats the one where you put money that the stock will drop right???

Are you fucking kidding?

You think they should withhold information from investors?

So where in there did I say that?????


Re read what I said. This could have been held off for a few days. why was it released 1 hour before the close of the market? why not release at 9am.

Why release it on the same day that the market hits its lowest in years???

Because that's the moment it became apparent that putting their credit under review for possible downgrade was necessary.

As soon as the decision has been made, it needs to be announced. Failing to do that, whatever the reason might be, isn't just immoral, it also brings severe legal risks.

Seems like a no brainer that this would happen. More transparency is needed right now, not less. It may hurt some in the short term, but it is really the only sustainable way to increase confidence in the markets longterm.

Legal risks??? Yeah All these people had to do, is say they have to study the situation a little more.

That would have given them the time to delay it, 1 FUCKING HOUR and announce it the next morning at 9am.

They did that on purpose.

Not to mention that short selling is temporarily suspended so they couldn't have made money off of it, but that won't hurt sales at your tinfoil hat emporium.

Seriously reading this thread i understand why people jump out of the market in the states and why they voted Bush in, before you start talking about why they do things in the market maybe do some research, might help you out a bit.

let me ask you. When was the last time you made after hours trades???

( GFY KEY BOARD WARRIOR RESPONSE ) ( " I have done it many times to the tune of BILLIONS of Dollars ")

BULLSHIT. They may have suspended short trades for me and you, well me at least but they trade any fucking thing they want when they want.

Brilliant ....

Executives and CEO's could have sold their stock ( and options ) at an inflated price and the " six-pack joe " or " folks " could have bought it at an inflated price as well ...

Then 3 days later, GM insiders are at the spa and retirees are going back to work at Wall-Mart.

so *they* manipulated the market so the secret put buyers with a free pass could cash in?

It's kind of cute that every idiot with a 300$ etrade portfolio here thinks that they are a stock guru now.

the biggest reason for stock market plunge is "The credit markets are driving what happens in the equities. As long as they remain frozen, it will only get worse"

with frozen credit markets for a longer time you can get easily 1929 re-run.

I was thinking exactly the same thing

many people, even educated investors have completely lost touch, they are in new territory unless they were around in the 1920s...

one comment: afterhours trading should be banned, or it should be changed to a 24hr market, never closed.. always on.

Exactly... So who got the blame for the market the day before? Who gets it for today?

Some people are clueless... :2 cents:

what I nice avatar Lib

I agree!

:1orglaugh:1orglaugh:1orglaugh well played sir, well played

Who is that in your avatar cause damn thats a nice loookin boob

Yoko Matsugane.

http://nguyenquocthai.files.wordpres...atsugane_4.jpg

thats called short selling, betting the stock goes down
http://www.hostchecker.info/image9.jpg

Thanks tommy likey! :thumbsup

http://nguyenquocthai.files.wordpres...atsugane_1.jpg

because i bought a shitload of stock

This thread makes you look really stupid. Good thing Japanese boobs saved you.

Japanese boobs are always nice.