Conspiracy Theory: Market dive was a warning from Goldman to Obama to Back Off

wall street rumor mill | 5/7/10 | various

[stephenjohnbanker]

” The writer put together a similar scenario as Glenn Beck but concluded that GS would be the ones handling all of the credit trades. “

Count on it, and with the blessing of Obama.

[Kid Shelleen]

Obama could be bought off very easily. No need for elaborate conspiracies.

[The Sons of Liberty]

I think you’ve pretty well figured out the game being played. All of us small investors are merely pawns and collateral damage.

[ebshumidors]

My conspiracy theory is that this was a test run to shake investor confidence in the market. A couple more and then Obama can ride to the rescue by taking your 401k and ‘guaranteeing’ a return. Who knows, he might even be able to postpone elections.

[Dr. Ursus]

Agree.Besides,Loydie doesn’t have the nuts to pressure the
Adminstration.

[Las Vegas Ron]

Yeah, and I wouldn’t be surprised if the bummer comes out calling for new laws on stock trades due to yesterday’s “unexpected” plunge too.

[stephenjohnbanker]

Neither would I.

[jimjohn2458]

No conspiracy, and no accidental button push, either.
Were they really trying to sell that crapola to the masses?
Check the web, people - ALL the markets tanked. I wonder what today's excuse is going to be (down 153 as of this writing)?

[wbill]

Ditto. If they had the ability to manipulate the market like that, we'd see 1000 point swings on a daily basis.

Traders only make money when the market is in a state of flux (either up or down).

[ErnBatavia]

Painful....many moons ago, wifey and I decided to totally withdraw our retirement for any sort of stocks or funds......cash only.

We don't make anything, but we're intact (other than the minimal inflation factor).

[stephenjohnbanker]

Down 200....hmmm