I'm inclined to wonder how much market activity is being conducted by various bots, algorithms, and whatnot, all running outside their design parameters.
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I'm inclined to wonder how much market activity is being conducted by various bots, algorithms, and whatnot, all running outside their design parameters.
we hit the target around 2750 on sp500 i mentioned as top of my reaction rally point previously so lets see if we start next leg down soon.
When NZ govt going to let NZ people access there kiwisaver for emergency funds ? australia is doing it. Its a no brainer as gives people money to see them thru.
Well, yes - it would be as well an amazing method to make the next down leg of the stock markets worse. Just imagine everybody now selling their portfolios for fear (or to access extra money). I can see why a trader would want that. More money in the end for the few.
BP only worried about his / her money . what about the people who need money now to live and pay there bills.
More than 360,000 Australians apply for early release of superannuation under coronavirus assistance scheme
https://www.abc.net.au/news/2020-04-...vid19/12125328
I'm with BP on this one. An appalling way of transferring more wealth from unsophisticated investors to the rich. Targeted assistance is a much better idea.
Not worried about my money ... I do have a well diversified and well hedged portfolio - doesn't really make a significant difference to me whether the stock prices drop another 50% or rise from here.
I am however worried about the masses who might sell their assets when they are distressed and basically transferring their nest egg for a song to speculators and finance sharks.
Indeed will be interesting to see, looks like DOW/NASDAQ/S&P have made a higher low and higher high, I had a quick look back at 2008 charts and didn't see that happening I don't think, looking at weeklies? Then again we don't have much data to work with in the current environment so I suspect I am looking through rose-tinted glasses.