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It's anybody's guess at this point. Most people at r/wallstreetbets on Reddit are saying three things: 1) "it was priced in", meaning that somehow investors alr
by ta1234567890 7y ago
It's anybody's guess at this point. Most people at r/wallstreetbets on Reddit are saying three things: 1) "it was priced in", meaning that somehow investors already expected this to happen, 2) the Fed is propping up the market with unlimited QE (Quantitative Easing), which means they are printing trillions of dollars to buy up a lot of bonds to create liquidity, and 3) today's rally is driven by oil prices surging because of Trump's tweet saying Saudi Arabia and Russia will cut down production to help stabilize the market.
They are also kind of shocked that stocks are not plummeting and saying the market is rigged. Seems like a lot of people have been buying PUT options expecting the market to crash soon.
- Loughla 7y ago>Seems like a lot of people have been buying PUT options expecting the market to crash soon. Reddit's investors haven't been known to be the a) smartest investors, b) most savvy investors, or c) adult humans.