WorthyNewsBot Posted February 6, 2018 Group: Bots Followers: 3 Topic Count: 39,879 Topics Per Day: 6.47 Content Count: 44,287 Content Per Day: 7.18 Reputation: 984 Days Won: 2 Joined: 06/06/2007 Status: Offline Share Posted February 6, 2018 (Worthy News) - Risk parity funds. Volatility-targeting programs. Statistical arbitrage. Sometimes the U.S. stock market seems like a giant science project, one that can quickly turn hazardous for its human inhabitants. You didn’t need an engineering degree to tell something was amiss Monday. While it’s impossible to say for sure what was at work when the Dow Jones Industrial Average fell as much as 1,597 points, the worst part of the downdraft felt to many like the machines run amok. For 15 harrowing minutes just after 3 p.m. in New York a deluge of sell orders came so fast that it seemed like nothing breathing could’ve been responsible. The result was a gut check of epic proportion for investors, who before last week had been riding one of the most peaceful market advances ever seen. The S&P 500, which last week capped a record streak of never falling more than 3 percent from any past point, ended the day down 4.1 percent, bringing its loss since last Monday to 7.8 percent. [ Source: Bloomberg (Read More...) ] View the full article Link to comment Share on other sites More sharing options...
OldSchool2 Posted February 6, 2018 Group: Royal Member Followers: 7 Topic Count: 701 Topics Per Day: 0.13 Content Count: 7,511 Content Per Day: 1.35 Reputation: 1,759 Days Won: 0 Joined: 01/16/2009 Status: Offline Birthday: 02/18/1955 Share Posted February 6, 2018 6 hours ago, WorthyNewsBot said: (Worthy News) - Risk parity funds. Volatility-targeting programs. Statistical arbitrage.... So why didn't our pro-business administration correct this before Monday's historic drop? Link to comment Share on other sites More sharing options...
walla299 Posted February 6, 2018 Group: Worthy Ministers Followers: 9 Topic Count: 92 Topics Per Day: 0.03 Content Count: 2,164 Content Per Day: 0.66 Reputation: 1,727 Days Won: 0 Joined: 05/19/2015 Status: Offline Birthday: 11/10/1961 Share Posted February 6, 2018 2 hours ago, OldSchool2 said: So why didn't our pro-business administration correct this before Monday's historic drop? Those 'bots were already there long before the Trump administration. So why didn't Obama do something? Or Bush . . . or Clinton? The bots have been there for years. Link to comment Share on other sites More sharing options...
OldSchool2 Posted February 6, 2018 Group: Royal Member Followers: 7 Topic Count: 701 Topics Per Day: 0.13 Content Count: 7,511 Content Per Day: 1.35 Reputation: 1,759 Days Won: 0 Joined: 01/16/2009 Status: Offline Birthday: 02/18/1955 Share Posted February 6, 2018 1 hour ago, walla299 said: Those 'bots were already there long before the Trump administration.... Can you elaborate on "those bots"? Link to comment Share on other sites More sharing options...
OldSchool2 Posted February 6, 2018 Group: Royal Member Followers: 7 Topic Count: 701 Topics Per Day: 0.13 Content Count: 7,511 Content Per Day: 1.35 Reputation: 1,759 Days Won: 0 Joined: 01/16/2009 Status: Offline Birthday: 02/18/1955 Share Posted February 6, 2018 1 hour ago, Butero said: How? By making it impossible to sell? I still believe Soros has his fingerprints on this.... How? Link to comment Share on other sites More sharing options...
walla299 Posted February 7, 2018 Group: Worthy Ministers Followers: 9 Topic Count: 92 Topics Per Day: 0.03 Content Count: 2,164 Content Per Day: 0.66 Reputation: 1,727 Days Won: 0 Joined: 05/19/2015 Status: Offline Birthday: 11/10/1961 Share Posted February 7, 2018 10 hours ago, OldSchool2 said: Can you elaborate on "those bots"? The computerized trading systems referred to in the Bloomberg article, such as: Quote Risk parity funds. Volatility-targeting programs. Statistical arbitrage. Sometimes the U.S. stock market seems like a giant science project, one that can quickly turn hazardous for its human inhabitants. You didn’t need an engineering degree to tell something was amiss Monday. While it’s impossible to say for sure what was at work when the Dow Jones Industrial Average fell as much as 1,597 points, the worst part of the downdraft felt to many like the machines run amok. For 15 harrowing minutes just after 3 p.m. in New York a deluge of sell orders came so fast that it seemed like nothing breathing could’ve been responsible. -- From https://www.bloomberg.com/news/articles/2018-02-05/machines-had-their-fingerprints-all-over-a-dow-rout-for-the-ages Just about everything mentioned in that bolded line has a computer at the center of it. Loved the part about the "science project". Basically any computerized trading system can be considered a "bot." 1 Link to comment Share on other sites More sharing options...
OldSchool2 Posted February 7, 2018 Group: Royal Member Followers: 7 Topic Count: 701 Topics Per Day: 0.13 Content Count: 7,511 Content Per Day: 1.35 Reputation: 1,759 Days Won: 0 Joined: 01/16/2009 Status: Offline Birthday: 02/18/1955 Share Posted February 7, 2018 11 hours ago, walla299 said: The computerized trading systems referred to in the Bloomberg article, such as: -- From https://www.bloomberg.com/news/articles/2018-02-05/machines-had-their-fingerprints-all-over-a-dow-rout-for-the-ages Just about everything mentioned in that bolded line has a computer at the center of it. Loved the part about the "science project". Basically any computerized trading system can be considered a "bot." OK, so these bots are like the WOPR in WarGames? Link to comment Share on other sites More sharing options...
OldSchool2 Posted February 7, 2018 Group: Royal Member Followers: 7 Topic Count: 701 Topics Per Day: 0.13 Content Count: 7,511 Content Per Day: 1.35 Reputation: 1,759 Days Won: 0 Joined: 01/16/2009 Status: Offline Birthday: 02/18/1955 Share Posted February 7, 2018 17 hours ago, Butero said: I think he has conspired with others to dump stocks. The market goes up and down based how many are buying and how many are selling. He has enough money and stock to greatly impact markets. He has a history of doing things like this in other countries, and in one, he is considered a criminal. This might be closer to the problem. 11 hours ago, walla299 said: The computerized trading systems referred to in the Bloomberg article, such as: -- From https://www.bloomberg.com/news/articles/2018-02-05/machines-had-their-fingerprints-all-over-a-dow-rout-for-the-ages Just about everything mentioned in that bolded line has a computer at the center of it. Loved the part about the "science project". Basically any computerized trading system can be considered a "bot." Link to comment Share on other sites More sharing options...
Dennis1209 Posted February 7, 2018 Group: Worthy Ministers Followers: 18 Topic Count: 347 Topics Per Day: 0.13 Content Count: 7,458 Content Per Day: 2.70 Reputation: 5,372 Days Won: 1 Joined: 09/27/2016 Status: Offline Share Posted February 7, 2018 Well, I guess people like to gamble? Remember the stock market crash of the Great Depression, who the winners were, and who the losers were? Pertaining to the stock market, few people know that wealth is neither created or destroyed, it is simply transferred. Ponder that thought for a minute. Link to comment Share on other sites More sharing options...
walla299 Posted February 8, 2018 Group: Worthy Ministers Followers: 9 Topic Count: 92 Topics Per Day: 0.03 Content Count: 2,164 Content Per Day: 0.66 Reputation: 1,727 Days Won: 0 Joined: 05/19/2015 Status: Offline Birthday: 11/10/1961 Share Posted February 8, 2018 13 hours ago, OldSchool2 said: This might be closer to the problem. Nothing says it has to be one or the other. I would not be surprised to find out its both, and a few other things besides. Much of the markets are computerized if not automated completely. People are still needed for the stuff the machines can't handle. I remember when that movie came out too. I was thinking more along the lines of Skynet from the Terminator movies . . . 1 Link to comment Share on other sites More sharing options...
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