[ncfool]

I would not read anything into it. How many billions are traded every hour on Wall Street? 10.5 billion is nothing

[whitney69]

“I would not read anything into it.”

I wasn’t. But the article made it sound like they were bailing on outside stocks...maybe to support their own company holdings. Same thing happened in 1929 when a massive sell off of outside diversified interests were attempted to be disposed of when the sales from the previous day couldn’t be covered.

Not to say it is the end of the market as we know it. But it copies past actions when people start to get apprehensive. And with the money the government is throwing at problems they are creating that apprehension and I think Goldman just reacted. It won’t be a problem until more companies start to retaliate in a greater amount and at lower numbers.

wy69

[MeneMeneTekelUpharsin]

Folks are saying that

"Billions of market value in other companies were wiped out as the sales continued, surprising market participants who called the size and speed of these stock sales unprecedented."

Click here for still another story.

So, either we shouldn't read anything into it, or we should. Wonder he's telling the truth?

[MeneMeneTekelUpharsin]

Oh man, you guys are something else.

Click here for margin call on hedge fund.

Go put some ice on that.