General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsLast 4 DJIA trading days have been marked by a [suspicious?] strong opening. A strong
opening, no matter what the news/technical indicators. Today is the 5th straight 'strong' opening.
Some interests are desperate for a market as high as they can get it for trump these next weeks.
NCjack
(10,279 posts)GusBob
(7,286 posts)The worse things get for Trump and America, the more his Wall Street buddies try to prop him up, and cash in
unblock
(52,203 posts)Unless there are manipulators working the off hours markets.
Personally, I don't think anyone outside the fed has the stomach to personally take the risk of manipulating the entire market. Individual stocks, perhaps, but not the entire market.
empedocles
(15,751 posts)I have no doubt traitortrump would, and is screaming, and pulling out all the stops, to get the max into the market going up.
Would not have thought barr would bend over, with a gallon of vaseline either, but . . .
[Have to admit, the market may not continue to cooperate. It's huge].
Hugin
(33,135 posts)It's the wild west out there now. Absolutely no regulatory interference and even if there was, the former DoJ and now Orange Julius Caesar's private fixing firm wouldn't prosecute as long as it benefits the Porcelain Log's re-election chances or at least an excuse for why he may have been re-elected. Which is really all they need to contest the outcome.
TheFarseer
(9,322 posts)That big traders are bidding up the prices in the off hours to sucker people in and then canceling their orders before they execute.
unblock
(52,203 posts)You'd have to be looking at the order book but ignoring the actual pre market trading, and then executing your own trade at the very opening.
Personally, I never trade in the first 5 minutes. Too random.
TheFarseer
(9,322 posts)So you can make trades premarket or aftermarket now or just stick to in market hours. Im not totally sure how after hours is different. I have gotten some steals on lowball bids in the first few minutes of trading on thinly traded stocks.
Hugin
(33,135 posts)Along with copious amounts of our tax $$$s.
Since he and the GrOPpers see the Market indexes as the only wedge he has in the elections. They see it as the biggest bang (so to speak) for their and our bucks.
It's probably also illegal to manipulate the markets in this manner, but, since they've captured every regulatory organ of the US Govt... Who's going to stop them?
And, still no word from the opposition. Not that there would be since all of the media outlets have been co-opted as well.
2naSalit
(86,569 posts)To do as he pleased in the PPP. He's been feeding it to investors to maintain the "look" of a strong stock market no matter what else happens to make the bile colored bilker look good to those who can't tell the difference between the stock market and the economy.
empedocles
(15,751 posts)Recall reports, at using the billions, to buy 3rd party/grey coverage of market manipulation. They could buy stock market indices.
ProfessorGAC
(65,001 posts)You're overall recollection is correct. The details you misremembered.
It was 2.5-3 trillion in bond buys.
These companies could then do expansions without commercial borrowing, and improve cash flow to eliminate revolving line of credit borrowing.
They could maintain current cash position, external investment, & treasury stock (analysts adore that) and the government takes on the lender's risk.
With the kind of $ we're talking about, a thousand big companies could have propped up.
Hugin
(33,135 posts)Last edited Tue Sep 15, 2020, 05:21 PM - Edit history (1)
If you have been watching the futures they have consistently gone negative every night right after closing only to wildly inflate in the hours before the opening bell.
I think this is the real reason the Poop Chute Piper was in Vegas. He was kissing Adelson's ring after their blow up a few weeks ago for some more cash to throw into this conflagration.
2naSalit
(86,569 posts)the Vegas visit but it had several purposes including the kissing of rings. He also wanted to flout state law and dis the governor too.
C_U_L8R
(45,000 posts)SCantiGOP
(13,869 posts)Dumping millions, even billions into it, would risk your money but not have a significant, or long-lasting, impact on the average.
There are other reasons for the disconnect between the market and the general economy, and they have mostly to do with tax and monetary policy.
Not everything is a conspiracy involving Trump.
empedocles
(15,751 posts)They do not need a 'long-lasting' impact on the average - and they are risking 'tax-payer' money.
There are other reasons for the rally - one is the greed madness of some crowds.
Would trump and his trumpers consider this kind of conspiracy?
Yavin4
(35,437 posts)They will always prop up a sagging market.
slater71
(1,153 posts)The Fed has been dumping money into the banks and the market at the rate of billions of dollars a week. since June of 19. This pumps up Trump. It is also why Trump said around June 15th of 19 that" if he is not reelected in Nov.2020, you will see the biggest crash in the market that there ever was." He usually tells on himself if you try and read everything he says.
TheFarseer
(9,322 posts)with ultra low interest rates. The stock market is the only place you can get any return.
empedocles
(15,751 posts)roamer65
(36,745 posts)Plunge Protection Team.
The Federal Reserve, Treasury and a consortium of big banks like JP Morgan Chase.
empedocles
(15,751 posts)brooklynite
(94,503 posts)Not bad but nothing worth building a conspiracy around.
empedocles
(15,751 posts)Same suspicious pattern. Bump the DJIA open up over 28,200. Market wants go go down, about 250 points, through the trading day, another buying burst, this one 50 points, at the close .
Effort to get DJIA over 28,000 fails as of 4p close. Perhaps, sellers know pattern and profitably sold into it. Volume would tell that.
Looks like, 'business', as usual.