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General Grievous

02/27/07 5:04 PM

#10174 RE: theArgiope #10173

If you watched cnbc for the last hour of trading and the 30 minutes after, youd know exactly why, its a combination of things...the most significant to me was the quote from a guy on the floor something about, 30 years ago a 20% correction was healthy, now a 3% correction and hell breaks loose...it hasd a lot to do with the electronic trading...nyse was flooded today with orders, enough that it clogged! when it caught up is when you saw the sharp drop on the dow....its just a ripple effect...and its ridiculous for everyone to get all crazy about it...all the market fundamentals are good...watch kudlow