When will the selling of stock stop? Why have there been five consecutive selling days?

I am an ant! my portfolio total 7g's

Answers

mychael answered a question in Wireless & Telecom.
107 points

mychael answered one month ago …

on friday 16, october a few billionaires got caught with their hand in the cookie jar, so to speak. they were arrested early morning. a few hours later the philadelphia nasdaq stopped all trades without explanation. their was an outrage on the floor. i still don't know the reason or care.
if you are talking about the week before, their was quite a bit of tension about how third qtr earnings would do. they bounced back after apple made good on i phone. which is consistent with analyst projections, but they still had problems with inflation (which is why volume and price share with gold and basic commodities spiked).

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