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May 7, 2010
Poppy, what are traders expecting? >> we are about a minute away from the open on wall street. looking good. heading into that after that huge decline yesterday. this was a bad day made worse by technology. thats the bottom line. lets stop talking about glitches or human errors. we dont flow that. what we do know is that this market was down 500 points before the precipitous decline where it fell 1,000 points. the greece troubles, the european debt woes are what traders are looking at. it was co...
Unknown Date
Tercomputers that do most of the trade. they move automatically. thats what it seems happens. we do have the s.e.c. and the commodities futures looking into this. nasdaq said this was not a system error. they are also going to take back some of the trades that were made between 2:40 and 3:00 trying to make up for some of the losses. the nasdaq saying we had no tech no technology or issues. we will follow it throughout the day with you. a painful day for some on wall street. we are going to see w...