A question
Published 3:28AM, Wednesday, 02/28/2007 in UncategorizedCan someone please tell me what the fuck happened to the stock market today? Did everyone all of a sudden decide to realize that China has us by the short-and-curlies, or what?
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In event of emergency, please proceed to minimum safe distance and email
himself at stevesiwy dot com
Here’s why…
http://news.bbc.co.uk/2/hi/americas/6403241.stm
The Canucks are soft on terror. It seems the reverberations of their cutting and running were felt throughout the world.
It might be time for a little Canadian Bacon: Part Deux
Ah, of course.
If you really want to know why here goes…
There was a lot of selling activity related to the Chinese market drop yesterday. A technical glitch or some kind of backup server caused by the large amount of activity caused what should have been a steady slow drop of 200 points to register as an instaneous drop of over 200 points. That instaneous drop triggered a lot of other automatic sales which cause it to drop as much as it did as fast it did