Opening Bell

[jms62]

So how bad do you think they will take the market down tommorow following Obamas speech?

[MaTH716]

Originally Posted by jms62

So how bad do you think they will take the market down tommorow following Obamas speech?

Honestly this market has no rhyme or reason. Japan almost sank and burnt itself in to the water at the same time and the market thought that was bullish .

It's turned in to nothing more than a gigantic video game played by a couple of people who control most of the money. It's impossible to handicap.

[Riot]

Originally Posted by MaTH716

Honestly this market has no rhyme or reason. Japan almost sank and burnt itself in to the water at the same time and the market thought that was bullish .

It's turned in to nothing more than a gigantic video game played by a couple of people who control most of the money. It's impossible to handicap.

All those 400 point swings, over several days, a few weeks ago were simply computer-generated automatic buy/sell stop-loss orders, were they not?

[jms62]

Originally Posted by Riot

All those 400 point swings, over several days, a few weeks ago were simply computer-generated automatic buy/sell stop-loss orders, were they not?

Not all but there is a large amount of automated trading nowadays.

[MaTH716]

Originally Posted by Riot

All those 400 point swings, over several days, a few weeks ago were simply computer-generated automatic buy/sell stop-loss orders, were they not?

I don't think they were stop orders, hell I didn't even know people still enter those.

I think it's a couple of things, there's still a sense that there's a lot of money on the sidelines. So with less money/orders, there is less liquidy/resistance both ways in the market.

In continuation of that, when there is less volume (summer months) it seems like the market is very one directional and it sometimes snowballs.

Then there is the whole trading system/platform, which like I said in my previous post has turned the whole thing in to a big video game. No longer can specialists stablize markets/stocks. They have over regulated the whole thing so badly and those are some of the affects.