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‘We’re Just Waiting For A Disaster,” says Mark Fisher
CNBC ^
| Thursday, 6 May 2010
| Lee Brodie
Posted on 05/06/2010 9:01:17 PM PDT by optiguy
Market chatter suggests computer generated trading sent Wall Street spiraling out of control on Thursday. And it’s got Mark Fisher of MBF worried, very worried.
Mark Fisher, founder and managing member of MBF Asset Management, rarely comes on TV but he felt Thursday's events were so important he agreed to an interview.
"I came on TV because as someone who's been doing this for over 35 years I think this is a warning," he says.
"I think what we saw on (Thursday) is just the tip of the iceberg," Fisher says.
(Excerpt) Read more at cnbc.com ...
TOPICS: Business/Economy
KEYWORDS: fisher; mark
A very good perspective on what happened today. Video at link.
1
posted on
05/06/2010 9:01:17 PM PDT
by
optiguy
To: optiguy
See the above post on the Yen trading. Something strange going on.
To: Parley Baer
Call Tom Wolfe... The Bonfire of the Markets has begun!!!
To: optiguy
4
posted on
05/06/2010 9:16:50 PM PDT
by
matthew fuller
(Congratulations TCU Women's Rifle Team-2010 NCAA Men's and Women's Champs!)
To: optiguy
Thanks for posting. This guy knows his stuff. Guy Adami on Smart Money and Jeff Mackeym Terranova and Rick Santelli are the only thing decent on CNBC.
5
posted on
05/06/2010 9:18:02 PM PDT
by
Frantzie
(McCain=Obama's friend. McCain/Graham = La Raza's Senators & Estefan-Rubio)
To: optiguy
anyone that retains any faith at all in the way the financial markets are organized and operated probably deserve to lose their money
6
posted on
05/06/2010 9:22:06 PM PDT
by
paul51
(11 September 2001 - Never forget)
To: Parley Baer
George Soros doing his thing.
7
posted on
05/06/2010 9:23:29 PM PDT
by
freekitty
(Give me back my conservative vote; then find me a real conservative to vote for)
To: optiguy
this guy is calling for more govt regulation, and is exactly what he'll get.
All in God's plan. The framework is going up so fast now!
twinkling of an eye...
To: optiguy
Those who want to destroy us:
The current crop of watchdogs:
To: optiguy
what was that line on Westworld
these computers are desinged by computer - we have have no idea what is going on...??
10
posted on
05/06/2010 10:40:05 PM PDT
by
ASOC
(Things are not always as they appear, ask the dog chasing the car)
To: optiguy
An opportunist.
We don’t know what we saw.
Until there is some explanation we don’t make decisions.
Frankly, the hysterical ranting of some of our talk show hosts didn’t help either.
11
posted on
05/06/2010 11:04:15 PM PDT
by
Carley
(WE CAN SEE NOVEMBER FROM OUR HOUSE)
To: optiguy
Fisher has a lot of interesting insights. Check out our entire interview. Watch the video now! No thank you.
I'm actually literate.
Don't need cartoons and pretty pictures.
12
posted on
05/06/2010 11:13:30 PM PDT
by
Publius6961
(10% of muslims, the killer murdering radicals, are "only" 140,000,000 of 'em)
To: EternalVigilance
You just summed it up perfectly!
13
posted on
05/06/2010 11:15:21 PM PDT
by
kcvl
To: optiguy
"We're trading in micro-seconds," he says. "In the time it takes to tap your desk, a good trading shop can put out 10,000 orders. That just can't be allowed to continue."He means the system has to be overhauled.
14
posted on
05/06/2010 11:17:49 PM PDT
by
MarMema
(Christ is Risen!)
To: matthew fuller
I’m out of everything except gold stocks, up 2% yesterday.
15
posted on
05/07/2010 6:41:33 AM PDT
by
Jabba the Nutt
(Are they insane, stupid or just evil?)
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