So some people say the Stock crash the other day was because of Greece

you will not believe, but, when GOLD prices soared to a five month high, here in INDIA.. all the news channels are quoting the same ... The ECONOMIC CRISIS of GREECE has triggered new increases in the prices of GOLD . THANKS for the insider information about the stock crashes ,.. but, see... there are no BREAKING NEWS stories about this. Today's TV news only BREAKS the MINDS of viewers with negative propaganda.

So, after the smoke has cleared, nobody pushed the wrong button. The "wrong button" notion was the coverup for what really happened, so that things wouldn't get worse. It seems some computer models kicked into sell mode. The problem was, a lot of computer models kicked into sell mode. Don't listen to what the news pundits always say "why" the market went up or went down. They are just guessing. There is a synergistic effect which is culminating in the markets right now. The flight to quality is occuring - money is moving into gold and the US Dollar. The slowdown in global demand for goods will effect China. If China slows down, there will be selloff in stocks and commodities. The EU will be printing boatloads of Euro to stave off country defaults (like we did), so future inflation will be a concern, thus the move of money into gold. Its all very complicated, but the bottom line is global economies are still very fragile. Carl

Hi richlatino2012, you are right, that was really horrible to see the movements of DOWJONES that day, it was such a bad thing, if it would have been because of GREECE, then it would have impacted whole world very badly . But still there is effect of GREECE in markets and it has still not shown its colours completely, but in near future we will see the impact, although not as bad as Lehmen brothers, but it will not be a good thing for sure in markets, so I would suggest to either sit on cash or do the investment in small chunks instead of doing aggressively. Wish you Happy Mother's day too.

Hello there. I will be frank: Europe asks Greece to do things that Europe couldn't possible done not even in 50 years. They try to suck us in order to sustain the leader figures of EU. And Greece is not the only one. Spain, Portugal, Romania... I am not telling these because I am Greek. I am telling these because I am living here and I see how things are. How can a country of 10 million people surrounded by people that clearly want to take full advantage of its geographical position survive? We are stuck here between these giants trying to extract every single resource of us. Maybe we loan. But we loan because we weren't given the money we were supposed to get (example: Germany hasn't paid us yet for the World War II) No one helps, no one hears, but they all want to have a slice of the pie that is called Greece.