Re: Weren't we worried about oil not too long ago?
in response to
by
posted on
Oct 10, 2008 08:15AM
Exactly, and electronic trading.
When was the last time anyone in here called a broker to make a buy or sell for you? I can't remember doing such in years. Millions of John Doe Public's every darn day hitting buttons.
CNBC, which is a great program, at any given moment from something they say, or a guest says, can swing a stock. Unfortunatly right now, they are spreading uncertainty, fear and doubt. At times I even feel they feed on the thrill of spreading gloom and doom.
Then there's CNN on the web. All this week when I open up their site, the featured picture in some guy at the NYSE with this ugly face, showing fear while looking at the big board. Give me a break. The uninformed public reacts to all this BS, panics, and the "sell off" begins.
I'm riding this out until hell freezes over!