800 point drop followed almost immediately by an 800 point gain? Follow by at least two more such drastic movements? Yeah nothing to see here move along.
Things going up and down does not imply manipulation.
Hey, it’s only computers doing all the trading. The people who programmed and set them in motion couldn’t have made a terrible mistake...could have they?
There was someone on the KNX Business Hour this afternoon here in L.A. that was trying to explain the huge and sudden shifts today. I didn’t quite get all the details, but he said the big problem is that the market is much less transparent today. There’s no ‘dealer’ anymore to calculate prices on trades and manage orders. The traders and hedge funds, using computers, simply buy and sell huge blocks of stocks in microseconds, and that’s one of the reasons we’ve seen these huge spikes and big drops. There are automatic trading programs that kick in at the slightest cue.
I hope I got that right. I’m just a dumb retail investor trying to preserve my retirement fund.
7000 to 18300. A drop of 1000 to 3000 is to be expected.