I was trying to find out what triggered this but the news is quite on what was selling big to trigger this. I probably need to dig harder but normally even msnbc gives out big sell offs.
The increase rates is the closest I found. But nobody is talking about that yet! It’s just speculation that they will increase because how well the economy is doing. Granted a rate increase will likely happen to slow the growth.
Could you clarify your 2nd sentence?
The biggest problem I see with the interest theory is that it would have to come from foreign investors since super bowl is still on peoples’ brains until after lunch. Patriots lost! The Eagles has control the whole game. Brady got hit and fumbled (not really his fault) etc etc ...
What is missing is that Schumer was threatening about his meToo memo on Friday. But still, it all comes down to who was giving sell sell signals. No company had a bad report and even Apple was ok with sales down and revenues up. So who?
A conspiracy could be that dem leaders sent out a distress call and triggered a sell off and the media played it up by flashing breaking news which pushed it to almost -1600 for the day. There was a come back but that was probably were the news hammered it back down. The conspiracy could be “insider trading” but in reverse mode.
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fusir ago
No. It's a result of increased interest rates. The fact that people politisize one of the worst economic indicators is the real problem.
The only advantage stock has is that it gives the news something to report on once a day.
WhiteRonin ago
I was trying to find out what triggered this but the news is quite on what was selling big to trigger this. I probably need to dig harder but normally even msnbc gives out big sell offs.
The increase rates is the closest I found. But nobody is talking about that yet! It’s just speculation that they will increase because how well the economy is doing. Granted a rate increase will likely happen to slow the growth.
Could you clarify your 2nd sentence?
The biggest problem I see with the interest theory is that it would have to come from foreign investors since super bowl is still on peoples’ brains until after lunch. Patriots lost! The Eagles has control the whole game. Brady got hit and fumbled (not really his fault) etc etc ...
What is missing is that Schumer was threatening about his meToo memo on Friday. But still, it all comes down to who was giving sell sell signals. No company had a bad report and even Apple was ok with sales down and revenues up. So who?
A conspiracy could be that dem leaders sent out a distress call and triggered a sell off and the media played it up by flashing breaking news which pushed it to almost -1600 for the day. There was a come back but that was probably were the news hammered it back down. The conspiracy could be “insider trading” but in reverse mode.
Anyway ... there is just too much lack of data.
shawnfromnh69 ago
More likely rich liberal controlled investment firms driving it down to cover their own shortselling and making a fortune in a market drop.
WhiteRonin ago
Normally, I would agree. But then again you could be right. Catch the market after the super bowl would send the market into a spiral as it did.
But toadays trading is weird.