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.
I believe you are correct. Hack THAT puppy, Live Free or Die Hard...
If you want to find out how far down the rabbit hole these fraudulent markets have gone look up Eric Scott Hunsader.