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a good friend of mine was a trader for Goldman. He is almost 100% positive the funds and larger firms are pumping this market to get newer retail investors to
by hijinks 6y ago
a good friend of mine was a trader for Goldman.
He is almost 100% positive the funds and larger firms are pumping this market to get newer retail investors to buy in and right now we are at the top or close to the top of one of the largest bear markets we have seen in a long time.
He expects maybe 2-3 weeks of small but choppy rise in the market to hit around Feb highs. Then you will see big time collapse that will make what we saw in Feb seem tiny. Then we will enter a bear market for a good 12-16 months.
- unreal37 6y agoI see a lot of traders blaming the "retail investor" for the general rise in stock prices, but retail investors are not even 3% of the market. The HFT and over-leveraged hedge funds are doing something for sure. And they'll blame Robinhood.
- ClumsyPilot 6y agoSo basically we have the equivalent of "millenials have ruined the housing market" in terns of reporting quality here. Find something negative that happened, and blame it on a weired group of people without checking if the theory is even plausible. Right up there with "4chan elected trump" and "immigrants have ruined the economy"