Global stocks closed lower Tuesday after a volatile day that saw the Dow briefly tumble by more than 1,200 points as concerns linger among investors that the widening conflict in the Middle East could escalate further.
I wonder if Pam wants to discuss Trump’s stock market.
just an fyi to anyone without knowledge of the finance industry, all the big indexes and shit are dominated by various algos unless there’s a 10% move down.
overwhelming majority of “X does Y because Z” articles you see out there are just building a narrative after something has moved because it’s one giant casino, but the powers that be need people to trade otherwise there’s no liquidity to extract. combine that with short-selling (selling things you don’t know) and this is where “sell the news” comes from
so, X drops a bunch for whothefuckknows…push out fearmongering stories it’s because of (insert disaster) to get people who don’t know any better to sell when they see their retirement accounts down some big figure. or…when your the one running the US…create your own disasters
Pretty much absolutely this. Seeing the rationalizations day to day that just dont make sense should undermine the explanations, but instead people just latch on the the ones that agree with them…
just an fyi to anyone without knowledge of the finance industry, all the big indexes and shit are dominated by various algos unless there’s a 10% move down.
overwhelming majority of “X does Y because Z” articles you see out there are just building a narrative after something has moved because it’s one giant casino, but the powers that be need people to trade otherwise there’s no liquidity to extract. combine that with short-selling (selling things you don’t know) and this is where “sell the news” comes from
so, X drops a bunch for whothefuckknows…push out fearmongering stories it’s because of (insert disaster) to get people who don’t know any better to sell when they see their retirement accounts down some big figure. or…when your the one running the US…create your own disasters
Pretty much absolutely this. Seeing the rationalizations day to day that just dont make sense should undermine the explanations, but instead people just latch on the the ones that agree with them…