Thursday, August 11, 2011

Dow Drops Almost 2,000 points In Last Month.

The Dow has dropped almost exactly 2,000 points in the last month.

According to Mark Cuban , who ix Dallas Mavericks owner & who in 2010 predicted there would be another crash (DUH!) "Wall Street has nothing to do with creating capital for businesses, its original goal. Wall Street is a platform. It's a platform to be exploited by every technological and intellectual means possible." He also went on to say ""The only people who know what business Wall Street is in are the traders," Cuban wrote on May 9, 2010. "They know what business Wall Street is in better than everyone else.

And more than a year later, a lot of Wall Street experts are blaming high frequency trading for this month's extreme stock market volatility. The swings are wild, to the tune of hundreds of Dow points within minutes, and "the machines" profiled last year by 60 Minutes are getting a lot of the blame.

"There will be another crash, because there are too many players looking for the trillion dollar score."

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