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? The circuit breaker are tripped at 7%, 13%, and 20%, it's not a computer randomly deciding to trip them Everyone knew the last few circuit breakers were goin
by BoorishBears 7y ago
? The circuit breaker are tripped at 7%, 13%, and 20%, it's not a computer randomly deciding to trip them
Everyone knew the last few circuit breakers were going to be hit in the morning because of futures
This morning it was actually surprising that we didn't hit the circuit breaker at open
We actually might have gone the whole day without hitting them too... it went off during Trump's conference when he seemed to go completely off the rails.
A lot of people will recoil to that statement saying it's an oversimplification or attempt to unnecessarily politicize this, but Trump's conferences in the last few weeks have had IMMEDIATE effects on the stock market.
- jiveturkey 7y agoi took parent comment to mean, automated trading is causing it
- BoorishBears 7y agoAutomated trading can cause one-time events or exacerbate a problem, but the larger market is driven by trader sentiment, and that is overwhelming negative right now. The algorithm aren’t the reason Trump bumbling an interview shocked trader confidence.