Financial Terrorism

[Magic Mom]

Yes, I too believe that this is financial terrorism. Only McCain can save us now. Love these little stories that are floated out there by the right. "Hey, if we can just link the stock market decline to terrorism.....we may just have a chance in getting back in this thing..."

Yawn.

I didn't read any inference to BO or JM in the OP. How did you come to the conclusion it was a Obama bash?

 

[bsnyder]

Someone has been tracking the wall street stock transactions and have found out for the last week that there have been unusual heavy trades at the end of each day bringing down the dow. Some are beginning to think that someone(s) may be trying to engineer a crash or severe recession.

There is a much more benign explaination for this.

Near the end of every trading day, the fund managers receive the daily tallies of what their current cash needs are.

In this bear market, there are simply many more investors who want to cash out (rather than buy) - so the funds have to liquidate holdings to provide that cash.

That's why we're seeing the huge amount of selling volumn at the end of the day.

 

[GeorgeG]

Consider for a moment that our worst enemies do not where uniforms. No traditional military in the world would stand a chance at invading our country in the traditional way. Instead, we get terrorism and that comes in many shapes and sizes. Is our current financial crisis a result of terrorist? Probably, but since they don;t wear uniforms it's hard to identify them. It could even be the guys in the tailored suits.

 

[Planogirl]

Ooh, nothing like conspiracy theories! This is a new one for me.

As for the heavy trading at the end of the day, I understand that's normal even back before the market crashed and burned.

 

[Holly]

I didn't read any inference to BO or JM in the OP. How did you come to the conclusion it was a Obama bash?

It was a reasonable assumption given the political leanings of the OP, and by other threads that he/ she started around the same time.


But that's just a guess.

 

[golfgal]

There is a much more benign explaination for this.

Near the end of every trading day, the fund managers receive the daily tallies of what their current cash needs are.

In this bear market, there are simply many more investors who want to cash out (rather than buy) - so the funds have to liquidate holdings to provide that cash.

That's why we're seeing the huge amount of selling volumn at the end of the day.

Ahhh, but don't you think the terrorists know this...

 

[LuvDuke]

Subscribing just to see where this one goes.

 

[bsnyder]

Ahhh, but don't you think the terrorists know this...

Huh?

 

[rayelias]

Sure, a McCain supporter could certainly surmise that and you're certainly free to have your opinions, no matter how unfounded...

However, the majority of Americas, including most in the financial sector, see Sen. Obama as the candidate with a more steady hand on the wheel in comparison to the erratic economic philosophies of Sen. McCain, that seem to change by the hour.

FWIW, I am only a McCain supporter by default. I believe he is the lesser of 2 evils, and I have VERY SERIOUS issues with many of the financial programs he is suggesting.

I'm one of those, "let the market correct itself" people - leave government out of it. It's going to suck for a lot of people, but unless and until the market corrects itself, the only thing government can do is the equivalent of putting a bandaid over a gunshot wound.

And, to be precise, I never said "the majority of Americans" see Sen. Obama (or Sen McCain) as the candidate with the more steady hand. I said that institutional investors are concerned, and the stock market, which is a "future indicator" is reflecting that, because Sen Obama is ahead in the polling at present. I also believe, that one of the reasons the stock market is in crisis mode is because Sen McCain's solutions are not much better. And, either way, we lose.

IMHO, both candidates fiscal policies will be bad for America. One will take it down quicker; but both are promoting anti-capitalism, pro-socialism, bigger government programs.

As many on the left had suggested during the Bush Administration that they felt uncomfortable with a Republican in the White House and a Republican House and a Republican Senate, the same goes for a Dem in the White House, a Dem controlled House and a Dem controlled Senate. And it's not necessarily THAT the Dems control both houses, it's WHICH Dems control both houses (and potentially the White House).

The moderate, thinking, reasonable Democrat Party of Clinton, JFK & Truman has been hijacked by the fringe left such as Pelosi, Reid, Dean, Soros, Moveon.org, etc.

 

[DisFlan]

I think it's probably Soros, Obama and Bin Laden. Oh, maybe Ayers too.

Yup, you're probably right. And don't count Mickey or Donald out. We all know they're secretly evil. They take our money every year.

DisFlan

 

[pdchris]

There is a much more benign explaination for this.

Near the end of every trading day, the fund managers receive the daily tallies of what their current cash needs are.

In this bear market, there are simply many more investors who want to cash out (rather than buy) - so the funds have to liquidate holdings to provide that cash.

That's why we're seeing the huge amount of selling volumn at the end of the day.

I'll second that. Think about all those people invested in mutual funds saying "Get me outta here!"

Frankly, I could never understand that thinking. Buying when the market is hitting it's peak and then selling when it's falling rapidly. Unless you need the money, best to leave it there with an eye out for possible bargains.

 

[dcentity2000]

Someone has been tracking the wall street stock transactions and have found out for the last week that there have been unusual heavy trades at the end of each day bringing down the dow. Some are beginning to think that someone(s) may be trying to engineer a crash or severe recession.

If this is true, it's very disturbing.



Rich::

 

[RitaE]

yes, I'm also confused how this became an Obama/McCain debate but I guess these days somebody could post that they got a flat tire on the freeway and it morph into a debate on whether Obama or McCain is more qualified to help you work the jack.

whatever.

 

[manning]

It was a reasonable assumption given the political leanings of the OP, and by other threads that he/ she started around the same time.


double post

 

[manning]

It was a reasonable assumption given the political leanings of the OP, and by other threads that he/ she started around the same time.


But that's just a guess.

Yes, I lean conservative, but am independent, however neither Obama nor McCain are clever enough to engineer this. Nowhere near.

The thought considered is that someone(s) out there may be taking advantage of the situation. People who don't like us or greedy people. No one knows.

 

[Colleen27]

Sure, a McCain supporter could certainly surmise that and you're certainly free to have your opinions, no matter how unfounded...

However, the majority of Americas, including most in the financial sector, see Sen. Obama as the candidate with a more steady hand on the wheel in comparison to the erratic economic philosophies of Sen. McCain, that seem to change by the hour.

Both positions can be equally true, though, because so much depends on one's POV. Boosting the middle class and trying to promote a return to a productive economy that works for everyone will not necessarily be in the best interests of much of Wall Street, since it will likely mean a return to the regulations and tax rates that deterred the kind of party institutional investors have enjoyed in recent years. So for us little guys, Obama looks like the best choice, but for the institutional investors who reaped the profits of deregulation and speculation, McCain is the more beneficial choice.

 

[Colleen27]

The moderate, thinking, reasonable Democrat Party of Clinton, JFK & Truman has been hijacked by the fringe left such as Pelosi, Reid, Dean, Soros, Moveon.org, etc.

I feel the same way about the Republican party. Fiscal conservatism and small government principles have gone out the window as the party has been hijacked by big business and the religious right.

There isn't a good choice in our two-party system. All we can do is hold our nose and vote for the one we think stinks the least.

 

[TxDsnyGrl74]

http://www.cnbc.com/id/26778065

Here's a link to Jim Cramer talking about it on his show.

 

[manning]

OK, didn't know who said it, this is what he said

The damage being done to stocks through short selling, where Wall Street’s most legendary institutions are losing value at alarming rates, could be the work of financial terrorism.

Cramer’s been talking to the short sellers he knows, and that’s the theory they’ve been putting forward. His sources said that it’s doubtful that the market’s traditional short sellers are behind the negative action we’ve seen lately. So there is the possibility that someone else has been trying to wreak havoc in the markets rather than just profit from the problems of Goldman Sachs [GS 88.80 -12.55 (-12.38%) ], Morgan Stanley [MS 9.68 -2.77 (-22.25%) ] and others.




Cramer, who was merely relaying what he heard, did say that, given the fact that the U.S. is in a “financial nationally emergency,” the “financial terrorism thing, to me, has to be put on the table just because the regular short sellers are not doing this.”

The Mad Money host urged the U.K.’s Financial Services Authority, which just banned short selling in financial stocks and now requires stricter disclosure from short sellers, to find out who’s on the other side of these trades.

In the U.S., though, the Securities and Exchange Commission should bring back the uptick rule, Cramer said. That rule requires a stock to tick up in price before it can be sold short.

Cramer’s against the outright banning of short selling, unless the threat of financial terrorism is real. He applauded New York State Attorney General Andrew Cuomo for launching a probe into illegal short-selling practices, but said, “You can’t ban the stuff. That’s wrong.”

“Just bring back the old rules,” Cramer said. “They worked for a long time.”

 

[ntsammy5]

Interesting theory - I'm sure it is possible, but to do it would require a lot of capital, but wait! OPEC has the where-with-all to do it - maybe not the know how but they have enough money