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In reply to the discussion: Are the idiots on Wall Street really this stupid [View all]Wealthy insiders who are aware of what Trump plans to announce have been making lots of money by buying just before Trumps announcement.
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trmp knows he'll get a quick bump in the market and a temporary reduction in the price of oil.
spanone
Monday
#4
The 1000 point gain is only a partial recovery of the losses of the past few weeks
Fiendish Thingy
Monday
#13
Yes, but they aren't idiots. It is pure manipulation to try and sucker people into the market before knowing the
lostincalifornia
Monday
#6
They're not that stupid. But they know that if he's talking about a pause and peace talks and such
unblock
Monday
#17
But when you're trading in huge volume and have a lot of money, advance knowledge of what Trump's going to say
ChicagoTeamster
Monday
#31
Yes. But it is really greed and hubris which effectively lower their iq by 30 points.
markodochartaigh
Monday
#34
It gave back almost half of those gains. It closed at just +631 (which is still insane.)
Wiz Imp
Monday
#44
I almost always watch what the market is doing and do the opposite. It works pretty well.
Scrivener7
9 hrs ago
#52