Posted on 08/05/2024 9:06:26 AM PDT by hardspunned
Multiple brokerages, including Charles Schwab, Fidelity, Vanguard, TD Ameritrade, E-Trade, UPS, CenturyLink, and Interactive Brokers, are currently down and reporting errors amid market crashes.
(Excerpt) Read more at x.com ...
PPT has evolved.
For old time market traders, that stood for what was believed to be the Plunge Protection Team.
My feeling has been the market no longer reflects any economic reality.
The market has simply become a parking lot for money that is for people who have a lot of money.
I’m not sure where the money taken out will go as the US economy as unstable as it is, is more stable than the alternatives.
SOP, let the high rollers get their $$, the rest of us pay the bill.
As Buffet famously said after a market crash: “I didn’t lose a penny. I didn’t sell anything.”
The site is down or whatever. All of them? Maybe it’s hackers? /S
My hubby called his advisor and really good friend. Sites are down, he believes, because they want to slow the slide. The sites were overloaded and couldn’t handle the traffic this morning but now it’s a controlled burn.
Or down for completing the little people’s trades right now?
It’s the Russians.............
You are a brave investor. I am 100% in treasuries, CD’s.
It all started with Zelensky stealing our money and then Ukraine defaulted on their loan payment!
.
.
Notice the non-investors with their fairy tales...
If you have a big enough pile and more than enough for whatever retirement you have planned, go for it. Only killer would be hyperinflation.
HOLOe has dropped from $18 to now just $0.393
Another from $7.37 to $3.74
Another from $3.74 to $0.8817
And $2.65 to $0.6255
And $2.79 to $0.2627
And $12.50 to $1.38
And Fisker, from $1.52 to $0.28
Luckily my other picks were good, almost doubling in the past 6 months, well making up for these losers.
Hoe convenient, sorry but was just a glitch, oh and your money... well it is all gone now. Sorry just nothing we can do, bed luck the trade systems glitched.
You may have to change your plans.
My point was big brokerages for rich people don’t have to use “sites”; those are for the little people.
When the sites are down in a panic or large sell or whatever—it’s going to be the little people who lose the most, and they can’t even act on it, because their access is turned off.
How convenient, sorry but was just a glitch, oh and your money... well it is all gone now. Sorry just nothing we can do, bad luck the trade systems glitched.
Really wish we could edit posts.
That’s what I was thinking, people with little experience in the markets are panicked today and trying to get out of certain stock positions and have overloaded the system of the traders involved rather than some cyber-attack.
I logged into Vanguard no problem-—except I looked at what I had a week ago compared to now-—yikes!!
Or they’re taking their larger customers’ trades first.
I don’t know.
“You are a brave investor. I am 100% in treasuries, CD’s.”
Not that brave, the Stocks, ETF’s and MLP’s amount to about 15% of my net worth.
Excuse for a sec please. Do you mean like a stock run? Not bank run? I admit ignorance but I wonder what that would look like in the digital age?
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