Looks like the PPT bought HUGE into APPLE, the “most widely-held” stock. This will keep many 401k’s from collapsing.
VIX exploded over $53, the highest since Jan 2009.
If you remember 2009, VIX drove the Media headlines, as “proof” that “Bush had destroyed the ECONOMY!!!”, a meme repeated ENDLESSLY in the weeks before the election.
Watch how different it is, this time....
I’m up today over $200. I don’t see the problem.
My Netflix stock is back at where it was after the 7-1 split in July. It did get as high $129.29
Current $99.24.... now $99.00
There are plenty of money to be made in this market!!!
It’s all just a facade.
At 9:42am impossible to sell. 4,000 flash crashes today. All hail the friggin’ algos. Message from plunge protection team to sellers: We’re roasting your nuts, sucker.
More fun today!
http://www.theguardian.com/business/live/2015/aug/25/asian-stock-markets-braced-for-steep-falls-after-wall-street-slump-live
“The Shanghai Composite index lost 6.4% to 3,004.13 points at the opening a few minutes ago, following yesterday’s near-9% plunge sparked another global rout.
The CSI300 index was also down 6.3% at 3,070.01 points.
This is despite an injection of liquidity, Reuters reports.
The central bank made a large 150 billion yuan ($23.43 billion) injection into the interbank market on Tuesday morning during open market operations...”
Some of the countries are doing OK so far though.