Totally manipulated Freepers.
It’s no way most investors change their minds that quick. Total B.S. by the Central Banks.
Institutional and hedge fund traders do change their mind almost instantly. If you are day-trading billions, you might buy $200 million of the S&P in the morning, and sell it in the afternoon. If you made 1%, that’s $2 million.
Now picture thousands of guys sitting at terminals, doing this all day long....
“...It’s no way most investors change their minds that quick. Total B.S. by the Central Banks....”
IF true; whoever or whatever is/was “manipulating” it got their azzes handed to them today. Yeah, it was up & down like a yo-yo all day long. I bought and sold derivatives on one particular stock 3 separate times today...made money on every turnaround. We shall see what tomorrow and the rest of the week brings. Hopefully, some stability.
With nanoseconds trading these days, things happen a lot faster than they used to....a correction was needed but the Fed needs to be less enthusiastic in raising the rates. The good news of what the tax cuts will do also prompted a lot to poise for modified strategies....today might be interesting too as futures are about 250 down before it opens.