@jerry Not sure where that sudden increase of nearly 1500 points came from. Looking for the news.
@jerry That was an insane turn around, some indices turned green from deep red in seconds
@feld @cepheuskb @jerry That or a false rumor. And now it is down again.
@jerry update: something else just happened in the stock market
@jerry I canβt believe people are still falling for twitter hoaxes like that
Apparently the source...
@jerry Noo! Wait, my monthly dollar cost average purchase hasn't happened yet! Sigh. :)
@jerry it's going great Jerry https://www.morningstar.com/economy/tariffs-are-self-inflicted-economic-catastrophe π₯²
Back up we go again. This is the wildest trading day Iβve ever seen.
@jerry I think the suspense and doom are over since trump is willing to wheel and deal - the mkt needed to be corrected anyways - bubbles, p/e ratios #oversoldout #nasdaq ai fever
@jerry Markets reacting to social media posts is the hell we deserve
@JustTooOdd @jerry Buy on rumor, sell on news. Now the cycle is in milliseconds instead of hours.
@jerry I highly suspect that there's a large number of people thinking they're buying "the dip", when they're actually buying the cliff.
Any impact on Insurance?
Wondering is this debacle counts as Force Majoure in contracts or for business interruption/uninsured losses? π
i sense a great disturbance in the market, as if millions of brokers cried out in terror and sold in a panic.
@jerry Did the global stock market just now also spontaneously combust into flames while falling into the abyss?
@simonzerafa I very much doubt that counts. This is why the sophisticated investors use options to hedge their positions
@jerry @simonzerafa nobody is really super sophisticated though, jim simons is dead
Todayβs trading should remove any inkling of doubt that the stock market downturn is a direct result of Trumpβs tariff bender
@jerry it could be a good thing, in the long term trump will be an afterthought - more than likely
@wonkothesane @jerry Read that to mean another lucrative daytrading buy/sell in 90 days.
@wonkothesane @jerry Read that to mean another lucrative daytrading buy/sell in 90 days.
I'm beginning to think Trump's constant flip flop is greatly boosting his and his friends' stock portfolios.
@paul_ipv6 @jerry yeah i.went deep into sqqq lastnight, then that fake news happened. pants were shat