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don't look now- but asia's stock markets are tanking big time...

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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-13-09 02:03 AM
Original message
don't look now- but asia's stock markets are tanking big time...
seoul and taiwan down 3.5% at this point...

http://finance.yahoo.com/intlindices?e=asia
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PretzelWarrior Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-13-09 02:27 AM
Response to Original message
1. no doubt because they heard Kim Jong Il is Ill
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AllentownJake Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-13-09 02:28 AM
Response to Original message
2. It continues
:shrug:
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Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-13-09 02:35 AM
Response to Original message
3. Our stock market is hopelessly manipulated. the NYSE won't even publish the autotrade info anymore.
Because people have been noticing Goldman Sachs is dominating the automatic trading orders.
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CoffeeCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-13-09 06:50 AM
Response to Reply #3
4. I'm very interested in your comment...
Edited on Mon Jul-13-09 06:53 AM by CoffeeCat
I'm no stock-market expert--but I do pay attention and read a lot about the market and
finances.

I have noticed that certain high-profile Web sites (such as thestreet.com) have become
massive purveyors of bizarre manipulations and spin. Every day that the market is up
or down (even just a little bit), thestreet.com is front and center with their definitive
explanation for the movements.

It's like they don't want us to think--they just want to dish up a big trough of
pseudo reality at which we will feed. They seem to want us full of baloney, so
we'll be too slow to think for ourselves or wonder why we're being spoon fed a load
of bunk.

Usually this "Why the market moved the way it did today!" is their headline story.

Call me crazy--but no one knows, day to day, exactly why the market moves--every
damn point. And when the market moves up 25 or down 17----is it really necessary to
publish the EXACT reason that it moved that way??? It's so very bizarre.

I've watched this happen since the stock market began tanking--and it's chronic
and so over-the-top now. It is so obvious to me, that people are playing games
and that precisely defining market movements is not just financial reporters putting
a positive spin on things.

People only go to these outlandish, orchestrated lengths--when they are trying to hide
what is really happening in the background.

As I said, I am not a stock-market expert--so I don't have the slightest idea what is
going on behind the green curtain. It sounds like maybe you have some interesting
ideas. I do know that daily, we are being fed so much scripted baloney about why
the market is up or down--that it borders on the ridiculous.

Some days, they call it like it is. And yes, some days big news or a big event will
move the market up or down. But day after day--to put a definitive cause on it--is
pure bullroar.

My favorite lie? The day the market soared nearly 400 points (around Feb 09), and
the propagandists claimed it was because people were excited that the banks were
so healthy and profitable--and this great financial news pulled up the entire market.
Excuse me, but who in the HELL thought the banks were healthy back then? They'd just
rec'd massive bailouts, credit was still frozen and traumatized consumers and small
businesses were hanging on by their fingernails. They sure as hell weren't dashing
out to take out loans! And the money wasn't there to loan anyway...the banks were
being overly cautious! But we're supposed to believe that suddenly these bailout
banks had suddenly become profit machines that lifted the entire market 400 points?

Give me a frackin break...

Sorry to drone on and on. I used to be a PR person, and I know bullshit when I
see it (I used to write some of it...sorry). So, I know when I'm being bamboozled...
even if I don't always understand what's going on and why we're being fed nonsense.
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conscious evolution Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-13-09 07:04 AM
Response to Reply #4
6. You were a PR person?
Any chance you could start posting the tactics used in PR and perception Management?Many,many people here could use such an education on how to recognize when their chain is being yanked.
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vaberella Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-13-09 06:54 AM
Response to Original message
5. Their's always takes a nose dives which tends to work positively on ours. n/t
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