Trump needs to suspend trading like they did in 2008. Aren’t there more than 250 traders on that floor anyway? Shut it down!
It’s computers that are doing most of the trading, not the guys on the floor.
90% of all trades are done by computer algorithms. That is what people here do not understand. They think people have been panicked by this virus and are fleeing the markers. Well - to a sense that may be true - but it is VERY small. Most of what is happening is the computers shorting the market. They will continue to short the market until they know it's time to go long. They will continue to set up "bull traps" like last Friday - which is why I wasn't scared at all (even when Trump tweets about his record stock market day) - because I knew it wouldn't last. So - what did I do at 2:58 pm (central)? I added to my short positions because the long term puts I am in had gotten a little cheaper.
And now - the down limits are tripped for the night and when we open tomorrow morning we will trip another circuit breaker (most likely). This isn't over by a long shot.