General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums'Completely Bizarre' Stock Moves Leave Traders Scratching Heads
As a turbulent December in equity markets draws to a close, theres one idea traders and investors can agree on: these are not usual times, especially for this time of year.
Its completely bizarre, says Stephen Innes, head of trading for Asia Pacific at Oanda Corp. Its incredible just how harmful markets veer when sentiment slides.
Innes has been taking profit on some winning investments, and snapping up blue-chip stocks whose valuations have dropped in the December sell-off, but for the most part hes keeping his money on the sidelines. Like many other traders in Asia, hes been watching events play out in the U.S. from a distance, amazed at what he sees.
The S&P 500 Index posted its biggest upward reversal since 2010 on Thursday, a day after the gauge capped its largest advance since 2009. Despite the two-day gain, the measure is still down almost 10 percent in December alone. Im on the golf course, Innes says about how hes responding. As I have been most of the week.
https://www.msn.com/en-us/money/markets/completely-bizarre-stock-moves-leave-traders-scratching-heads/ar-BBRw2uy?li=BBnb7Kz
TreasonousBastard
(43,049 posts)Rocky888
(297 posts)Im not Wall Street savvy, but Ive thought if this was possible, he would know how to do it.
11cents
(1,777 posts)When I woke up yesterday the news said the market was down 500 points. It ended up about 250. You can never be sure if a big drop or a big rally will last an hour.
wishstar
(5,268 posts)whether up or down as low volume increases volatility plus another expert said earlier this week that we could see a lot of action because of the "machines" which I guess means pre-planned automated buy and sell orders being executed on basis of market movements.