Guess what investors bought today? T-Bills. Surprise, S&P!

[sfpcjock]

You would have expected the prices of bonds to fall and for interest rates to rise when (dumbo) S&P executed their short strategy on U.S. T-Bills. Right? It didn't happen. The opposite was true and investors bought T-Bills. They are selling stocks because of generalized fear of slow growth in our economy at home (1.8 million jobs thrown away by the GOP budget bill) and abroad. - Daniel Gross, Yahoo Finance on MSNBC, Martin Bashir show

[KamaAina]

1. Does that mean Cantor won't make millions off destroying the country after all?

:cry:

:nopity:

[sfpcjock]

2. :)

I think so.

[Evasporque]

3. SaFe haven

If you sell stocks to tAke profit...you but it in tbills and other safe short term investments..while you look for the next bubble forming.

[sfpcjock]

4. Cramer claims today was "a slow-motion flash crash"...

that it is related to the machines because it was in lock step grabbing ALL stocks, gas prices and raw energy prices are declining which are good for some stocks like utilities. Ignored. Even gold stocks were down. Did they make less money today? No. It's the machine of the high-frequency traders having a field day shorting everything. I kind of believe it.