My thoughts exactly. The billionaires control enough of the markets that they will force a correction and everyone will buy back in… and the billionaires will get even richer.
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sh00g@lemmy.zip 3 days ago
“The market can remain irrational longer than you can remain solvent.”
Given how the markets have at this point have elected to completely ignore Trump it wouldn’t surprise me if the sky falls for two days and then the world collectively decides to ignore and forget the shit show.
Bob_Robertson_IX@discuss.tchncs.de 3 days ago
chaogomu@lemmy.world 3 days ago
Part of that is high frequency trading. Computers that blindly trade with other computers. It has a stabilizing effect on the market because it’s divorced from reality.
But there’s the risk. It’s divorced from reality.
So far, when things go bad the Fed has stepped in to halt trading for the day.
Jakeroxs@sh.itjust.works 3 days ago
The “fed” doesn’t halt trading, www.investor.gov/…/stock-market-circuit-breakers
Zron@lemmy.world 2 days ago
I hate that we evaluate the health of the economy by the growth in the stock market.
The stock market would continue growing until the power grid failed if every human on earth just evaporated into mist.
Actually it would probably break before that when one of 6 people’s two factor authentication timed out and the computer no longer had access to their accounts.