BREAKING NEWS
NEW YORK — Wall Street tumbled again Monday, with the Dow Jones industrial average down over 500 points and trading below the 11,000 level for the first time since November, amid a rout in global stocks after rating agency S&P downgraded the U.S. credit rating for the first time.
S&P cut the long-term debt rating for the U.S. by one notch to AA+ from AAA late Friday. The move wasn't unexpected, but it comes when investors are already feeling nervous about a weak U.S. economy, European debt problems and Japan's recovery from its March earthquake.
2 comments:
CNBC program at 5:00 PM hour discussed at length the problem with the "machines doing trading" and manipulating the market.
Big Corporations have programmed computers to buy and sell the same stock over and over and over catching very small dips and peaks within a single day of trading. The result? Massive manipulation of stocks and selling by insiders which is illegal.
The market is fixed and on any given day you can lose significant amounts of your investment. It is no longer safe for regular people to be invested in the stock market.
Opinion
Thank you
You are exactly right. The small investor isn't even allowed to have real-time quotes or trades. The big fish get their work done first. Any trader will tell you (unless he's managing your portfolio) that you don't stand a chance in hell. It IS fixed. don't fall for for babies telling you how great their trading site is, with the latest in graphics and charts and "inside" info. You will be the next sucker.
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