Started By
Message

re: What just happened? Why'd the market fall and rebound so quickly today?

Posted on 4/23/13 at 12:56 pm to
Posted by BennyAndTheInkJets
Middle of a layover
Member since Nov 2010
5859 posts
Posted on 4/23/13 at 12:56 pm to
quote:

I think what he's saying is that the HFTs and dealers just hit SELL when this tweet came out.

Not dealers, they make money on volume. They don't want a lot of risk on their desks either way.
Posted by LSU0358
Member since Jan 2005
8159 posts
Posted on 4/23/13 at 12:56 pm to
quote:

A comment under the article from "The Limerick King":

The market was crashed by a tweet

The algos just cannot be beat

A simple display

Of rules gone astray

And how HFT algos cheat


Good one. Interesting thing is looking at the index reactions compared to individual stocks. Stocks didn't drop like the indexes did. All hail the BOTS.
Posted by OnTheBrink
TN
Member since Mar 2012
5428 posts
Posted on 4/23/13 at 12:57 pm to
quote:

Stocks didn't drop like the indexes did


XOM did.

Posted by LSURussian
Member since Feb 2005
135071 posts
Posted on 4/23/13 at 12:59 pm to
Thankfully, my 10,000 bitcoins didn't go down at all....
Posted by OnTheBrink
TN
Member since Mar 2012
5428 posts
Posted on 4/23/13 at 1:00 pm to
Posted by MikeD
Baton Rouge
Member since Jan 2004
8491 posts
Posted on 4/23/13 at 10:10 pm to
Figured with Obama out of the picture the markets would go up
first pageprev pagePage 2 of 2Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram