While a few billion dollars slipped through investor's hands in a few minutes yesterday and the explanation was "well something's broken"....like Wall Street is the big mechanical beast that blew a tire...well I guess that was true...but when things bottomed out and then rose from the ashes to a mere 350 point drop, the sun came out and we were told that things were back to normal.
I don't really remember an explanation for this that made any real world sense. I've got a hunch and it has to do with hedge funds and traders fooling around with stock prices because they can simply overpower the rest of the street and cause stuff like this to happen. If you don't think that it does - and the big fund operators are fiddlers calling the tune - well then you might consider buying a bridge I've got for sale.
How do you think the ordinary banks make money? If they didn't have a trading floor they would be as broke as the rest of us. These funds are where the money is made and it is a bundle so don't be so shocked when you read about it.
Just singin' in the rain....
I don't really remember an explanation for this that made any real world sense. I've got a hunch and it has to do with hedge funds and traders fooling around with stock prices because they can simply overpower the rest of the street and cause stuff like this to happen. If you don't think that it does - and the big fund operators are fiddlers calling the tune - well then you might consider buying a bridge I've got for sale.
How do you think the ordinary banks make money? If they didn't have a trading floor they would be as broke as the rest of us. These funds are where the money is made and it is a bundle so don't be so shocked when you read about it.
Just singin' in the rain....