Gross: After open, stock mkt doesnât move âtil close. Very strange. Fast trades clipping .01âs but little risk taking. New form capitalism
Bill Gross of PIMCO
- Thread starter Rickshaw Man
- Start date
People complain about the market flash crash, 500+ pts down and up in a few minutes.
Then others say its strange if the stock market acts orderly and peaceful through most of the day.
Market is always changing its behaviour, like it always has.
In the near future people will again be saying how crazy the market has become during the middle of the day and place the blame on the bots.
Nothing new happens in the stock market.
Flash crash was new. New things happen all the time in markets.
Absolutely...and in light of just how comatose the market was from 2005-08 (or even going back earlier than that), it was surreal. As bad as the current volatility is, we don't have to look back that far at how low volatility was for a solid three years there prior to the financial meltdown of 2008.
I don't remember the exact numbers, but it was a record duration of time between 2% close to close down days..several years in fact and yet in 2008 we were seeing 5% moves throughout the day for weeks at a time.
Just further proof that trying to quash the natural forces of a market will always eventually bite the central planner's in the ass. It will be no different the next time around.
I believe this type of market action is designed to lure retail back into the market. Low volatility, very few down days. The media has its marching orders.
I doubt it will work. To much debt, and not enough retail credit out there. Nothing was fixed in the last crisis. Everyone knows its the central bank propping up the markets.
BE GREEDY WHEN EVERYONE IS FEARFUL. BE FEARFUL WHEN EVERYONE IS GREEDY.
I doubt it will work. To much debt, and not enough retail credit out there. Nothing was fixed in the last crisis. Everyone knows its the central bank propping up the markets.
BE GREEDY WHEN EVERYONE IS FEARFUL. BE FEARFUL WHEN EVERYONE IS GREEDY.