Friday, May 07, 2010

DOW Plummet

8:45pm local time, within 5 minutes! Yes! within 5 minutes! I was watching the Dow Jones Index plummeting from losing 200pt to almost 1000pt and breached the 10,000 level! The market was irrational PANIC! Miracle happened at this moment, the index rebounded swiftly right after. There must be interference from powerful institutions at this critical moment, triggering appropriate mechanism to calm the fear.

I guess the fall will continue unless the Greece Debt crisis comes up with a win-win solution. Probably Greece is too clever (cunning) to balloon up the problem to force EU and the world to salvage their crisis.