– Dow Dumps 270 Points Intraday To Biggest 2-Week Drop In Six Months (ZeroHedge, June 1, 2013)
The man who trades freedom for security does not deserve nor will he ever receive either. – Benjamin Franklin
– Dow Dumps 270 Points Intraday To Biggest 2-Week Drop In Six Months (ZeroHedge, June 1, 2013)
It doesn’t mean much. The market is so rigged, and controlled by just a few people manipulating large funds worth in the hundreds of millions that it is no longer a reflection of the real economy. Over 80% of all transactions are skimming, called high frequency trading, the guys controlling the big funds buy and sell large amounts of securities in less than 8 seconds. It ought to be illegal, it used to be.
To me, the DOW is meaningless, it has nothing to do with reality.