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What Was That All About Friday?

Posted by Peter Grandich at 9:51 PM on Sunday, May 31st, 2009

Friday’s stock market close was very fishy. This report helps explain why.

This entry was posted on Sunday, May 31st, 2009 at 9:51 pm and is filed under All Posts, US Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

7 Responses to “What Was That All About Friday?”

  1. anna. says:
    May 31, 2009 at 10:27 pm

    Peter, can you please explain this to me in layman’s terms.
    Thanks
    Anna

  2. Harry says:
    May 31, 2009 at 11:05 pm

    The last line reads:
    “….the market essentially pancaked.”
    What does “essentially pancaked” mean? Just became so sweet that everyone started jumping in? Sorry, don’t quite yet know all the market-related figures of speech.

  3. Roger says:
    May 31, 2009 at 11:13 pm

    Pancaked: fell flat with a squash

  4. EricT says:
    May 31, 2009 at 11:27 pm

    Dear Peter

    Max Keiser calls Fri action an example of “printing the tape”.

    http://www.youtube.com/watch?v=NqPKNrQYf1s&feature=related

    May I ask you: Who is behind and What is the purpose? Because this is outragous. It makes us small investors look like sheeps being threw in a pool full of sharks.

  5. Klaus Willmann says:
    June 1, 2009 at 12:34 am

    Here’s another theory: It was a holiday week – the big traders left early and the janitor spilled cleaning fluid on a trading terminal which shorted out the “buy at market” key.

    Depending on what happens Monday, the janitor either gets fired or a raise.

  6. Peter Grandich says:
    June 1, 2009 at 8:03 am

    anna -Manipulation

  7. Orgprophet says:
    June 1, 2009 at 8:40 am

    EricT … we are sheep in a pool of sharks.

    the prophet

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