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Why is market down today
- Thread starter gottatrade
- Start date
Quote from mgmaggie:
Bloomberg has an interesting interview going on right now talking about how they cannot find who is buying and that the majority of the trading is in the futures over night and not actually the stocks.
I remember trading in the fall when the nq and es where down and the futures were up and I couldn't believe it.
seems the US Government is the buyer and the dollars that are unexplainable are in the trillions (I believe they said) no sure if not high Billions.
they have been giving all the reasons to pullback but they believe Obama has no exit plan in place since he said buy in March of last year.
Talk of this kind would be totally ignored by many, I think these markets are being manipulated, however most would disagree that the government is buying futures to sustain this movement in the markets.
Quote from mgmaggie:
Bloomberg has an interesting interview going on right now talking about how they cannot find who is buying and that the majority of the trading is in the futures over night and not actually the stocks.
I remember trading in the fall when the nq and es where down and the futures were up and I couldn't believe it.
seems the US Government is the buyer and the dollars that are unexplainable are in the trillions (I believe they said) no sure if not high Billions.
they have been giving all the reasons to pullback but they believe Obama has no exit plan in place since he said buy in March of last year.
intersting because there is absolutely no volume in the equity mkt
Quote from MohdSalleh:
intersting because there is absolutely no volume in the equity mkt
interesting is right, since the news on Bloomberg I clicked on the bids on about 20 stocks like aapl, goog,msft,rimm, amzn and most of them have pulled back a bit from when I clicked on the bid yet the nq climbed almost 3 points.
I realize a few stocks won't make the difference but these are the heavy hitters. I also did this on some of the S&P and the same thing.
I don't know about most but I have found it very hard to find a pattern to trade outside of the one or two obvious moves as it doesn't matter if the dollar is up or down, news, the intervention makes it dangerous for both long and short day traders.
Good grief, someone asked a question. Why are there 8 pages of crap here?
Please go here:
http://www.nasdaq.com/asp/econodayframe.asp?page=http://anasdaq.econoday.com/byweek.asp?cust=nasdaq
and here:
http://www.forexfactory.com/calendar.php?c=2&week=1264291200&do=displayweek&month=1&year=2010
There's an academic idea (that I do not agree with) that says that all available information is priced into market prices. This means that when economic numbers come out and they are far from analyst estimates, then people will assume the market is wrongly priced and will react.
#1. The manufacturing index was way lower than expected.
#2. The jobless claims were way higher than expected.
I know that there are many ways of interpreting reality, but I think that's a better "answer".
Please go here:
http://www.nasdaq.com/asp/econodayframe.asp?page=http://anasdaq.econoday.com/byweek.asp?cust=nasdaq
and here:
http://www.forexfactory.com/calendar.php?c=2&week=1264291200&do=displayweek&month=1&year=2010
There's an academic idea (that I do not agree with) that says that all available information is priced into market prices. This means that when economic numbers come out and they are far from analyst estimates, then people will assume the market is wrongly priced and will react.
#1. The manufacturing index was way lower than expected.
#2. The jobless claims were way higher than expected.
I know that there are many ways of interpreting reality, but I think that's a better "answer".