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Is this manipulation?

Posted on 8/5/24 at 2:37 pm
Posted by mmmmmbeeer
ATL
Member since Nov 2014
8770 posts
Posted on 8/5/24 at 2:37 pm
Friday wasn't a great day for the US indices, but not wholly awful. The jobs report was below expectations but still a net gain in jobs. Last week, the Fed hinted at a 2-cycle rate cut next month. With markets as high as they've been, surely a correction was coming, but now?

This started in Japan, moved to Europe, hit the US. Reading market analysis this morning keeps referring to this jobs report and "fears of US recession". Really?

This just seems so damn staged for those in the know to make an arse ton of money buying this shite back up on the cheap. We're still <5% lost between Friday and today, but c'mon. This is either an incredible overreaction to a mediocre jobs report or investment houses around the globe just decided to all panic at once.
Posted by BottomlandBrew
Member since Aug 2010
28376 posts
Posted on 8/5/24 at 2:56 pm to
quote:

This started in Japan, moved to Europe, hit the US


BoJ narrowed their free money loophole, so of course it started in Japan and worked its way around the globe as markets opened.
Posted by kaaj24
Dallas
Member since Jan 2010
787 posts
Posted on 8/5/24 at 3:21 pm to
It’s the vibe.

As I get older I do feel things are manipulated.

That’s why I stick to my plan. Don’t panic buy or sell.


Posted by Weagle25
THE Football State.
Member since Oct 2011
47316 posts
Posted on 8/5/24 at 3:42 pm to
All of the brokerages that have login issues when this happens seems weird to me.

I understand that people are probably panicking so they get a shite load of traffic but how many times do they let this happen without dealing with the problem? It’s been happening since 2020 pretty much.

At some point in 4 years, someone should see the traffic they get in times of panic and upgrade everything to be able to handle that traffic. Unless you’re trying to prevent panic but then you should disclose that.

I also only have a basic level understanding of IT shite so maybe it’s more complicated than that.
This post was edited on 8/5/24 at 3:43 pm
Posted by Novae
Member since Aug 2005
113 posts
Posted on 8/5/24 at 3:51 pm to
A BoJ triggered global deleveraging. Nothing to do with "jobs report, vibes, election uncertainty".
Posted by ArkBengal
Benton, AR
Member since Aug 2004
2072 posts
Posted on 8/5/24 at 3:54 pm to
Computer trading algorithms are the devil
Posted by Skervix
Member since Aug 2018
214 posts
Posted on 8/5/24 at 6:08 pm to
Google "carry-over trade"
Posted by WhiskeyThrottle
Weatherford Tx
Member since Nov 2017
6450 posts
Posted on 8/6/24 at 8:20 am to
Your basic level of understanding/hunch isn't wrong. They now have server services that will automatically spool up additional servers to handle increased load. I do find it odd that platforms designed to manage billions in funds, and millions of users isn't prepared for peak traffic loads.
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