Wall street people!

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  • Salty
    Senior Member
    • Feb 2006
    • 690
    • Akron, Ohio

    #1

    Wall street people!

    I guess I just don't know the type.
    Was watching the news today and they are showing a group of people gathered around someone who is about to strike the gavel to close the market for the day.
    All of a sudden I see them all smiling and applauding.
    What the heck are they smiling about?
    It dropped another 400+ points for crying out loud.
    And applauding! For what? A shi^^y job done?
    They look like a bunch of arrogant fools to me!
    Why doesn't the word 'planing' show up in my computer spell check?
  • Uncle Cracker
    The Full Monte
    • May 2007
    • 7091
    • Sunshine State
    • BT3000

    #2
    They are a bunch of frightened fools... They have to try to look encouraging, lest everybody stampede for the door...

    Actually, I think the bell-ringing or gavel-banging is usually meted out to some visiting VIP...

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    • Ed62
      The Full Monte
      • Oct 2006
      • 6021
      • NW Indiana
      • BT3K

      #3
      Originally posted by Salty
      All of a sudden I see them all smiling and applauding.
      What the heck are they smiling about?
      They all just bought Ford stock for $.01 a share.

      Ed
      Do you know about kickback? Ray has a good writeup here... https://www.sawdustzone.org/articles...mare-explained

      For a kickback demonstration video http://www.metacafe.com/watch/910584...demonstration/

      Comment

      • Alex Franke
        Veteran Member
        • Feb 2007
        • 2641
        • Chapel Hill, NC
        • Ryobi BT3100

        #4
        No -- It was probably more of a relieved "Thank God it's over for now" or "Yay-- we survived another day!" kind of applause.
        online at http://www.theFrankes.com
        while ( !( succeed = try() ) ) ;
        "Life is short, Art long, Occasion sudden and dangerous, Experience deceitful, and Judgment difficult." -Hippocrates

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