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kimbutgar

(27,566 posts)

31. Things are happening so fast these days and the stock market is so easily manipulated

Reply to TheProle (Reply #27)

Mon Aug 5, 2024, 04:02 PM

Aug 2024

I saw it begin in the 90’s when Clinton got rid of the Glass Siegel act. Which caused more volatility and events happening today. As I said, I quit that industry 11 years ago. The people I know who are still involved said it’s crazier now. Even back then also the majority of the people working in the industry were repukes like today and they are nervous Nellie’s!

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IbogaProject

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Highlight:

This stock market falling today is so obvious that Wall Street realizes Harris is ahead and they were counting [View all] kimbutgar Aug 2024 OP

More likely a correction of overvalued tech/AI stocks. Ocelot II Aug 2024 #1

It's actually because of Japan and other world markets. jimfields33 Aug 2024 #5

True, it's not politics; it's bigger than that. Ocelot II Aug 2024 #8

UK's economy is also in the tank. haele Aug 2024 #11

people don't pay attention to financial news. WarGamer Aug 2024 #13

They do if they have 401Ks, pensions or other investments. Ocelot II Aug 2024 #14

even most people who do... are clueless. WarGamer Aug 2024 #20

I'm not an economist but I think you're right spooky3 Aug 2024 #29

Largest daily point drops in DOW history: LetMyPeopleVote Aug 2024 #2

Wow today looks tame by those past days under the convicted felon kimbutgar Aug 2024 #4

And guess what? He lost!!!!! jimfields33 Aug 2024 #7

COVID was a crazy time to be trading... I'll never forget. WarGamer Aug 2024 #21

Where are those in a percentage basis? A HERETIC I AM Aug 2024 #25

Percentage is a much more reasonable way to measure. Self Esteem Aug 2024 #28

Yup. Thanks for that. A HERETIC I AM Aug 2024 #32

THAT is a great post. Scrivener7 Aug 2024 #30

As I was wondering. . . Mme. Defarge Aug 2024 #3

More like a demand that the fed cut rates. Voltaire2 Aug 2024 #6

My personal take is that the Fed has become as politicized as has the SCOTUS. PeaceWave Aug 2024 #9

I agree that's a major contributor to today's drop crazylikafox Aug 2024 #10

AI Tech overvalued, Japan raising interest rates (and the big stock market selloff there), and yes, a Kamala win Metaphorical Aug 2024 #12

While TS is getting hammered and is down almost 2/3 since its 52 week high, with a stock price in the mid-high $20s it kelly1mm Aug 2024 #18

Agree With Most Of You Post ProfessorGAC Aug 2024 #22

it always fascinates me that people invested in markets always freak out when there is a correction, ImNotGod Aug 2024 #15

Exactly I have a few investments in stock funds and haven't sold them in years and I still am in positive territory and kimbutgar Aug 2024 #16

Speculators chasing an AI bubble Thunderbeast Aug 2024 #17

Also a whole lot of technobros selling off stocks to recoup GoCubsGo Aug 2024 #33

It's the low jobs report liberalmediaaddict Aug 2024 #19

Democrats bring prosperity C_U_L8R Aug 2024 #23

It's a ACTUALLY just a reaction to the Japanese yen strengthening DFab420 Aug 2024 #24

Yeah because 40 years of Wall St stealing all our money worked so well didn't it? Initech Aug 2024 #26

This is your best analysis after 35y in the industry? TheProle Aug 2024 #27

Things are happening so fast these days and the stock market is so easily manipulated kimbutgar Aug 2024 #31

No I don't think so. emulatorloo Aug 2024 #34

It really makes more sense to focus on multi-day trends spooky3 Aug 2024 #35