Stocks recoup some losses but close lower as Middle East conflict stirs up volatility | CNN Business
www.cnn.com
Global stocks closed lower Tuesday after a volatile day that saw the Dow briefly tumble by more than 1,200 points as concerns linger among investors that the widening conflict in the Middle East could escalate further.

I wonder if Pam wants to discuss Trump’s stock market.

  • IronBird@lemmy.world
    23·
    10 days ago

    just an fyi to anyone without knowledge of the finance industry, all the big indexes and shit are dominated by various algos unless there’s a 10% move down.

    overwhelming majority of “X does Y because Z” articles you see out there are just building a narrative after something has moved because it’s one giant casino, but the powers that be need people to trade otherwise there’s no liquidity to extract. combine that with short-selling (selling things you don’t know) and this is where “sell the news” comes from

    so, X drops a bunch for whothefuckknows…push out fearmongering stories it’s because of (insert disaster) to get people who don’t know any better to sell when they see their retirement accounts down some big figure. or…when your the one running the US…create your own disasters

    • jj4211@lemmy.world
      2·
      10 days ago

      Pretty much absolutely this. Seeing the rationalizations day to day that just dont make sense should undermine the explanations, but instead people just latch on the the ones that agree with them…

  • Gerowen@lemmy.worldEnglish
    2·
    10 days ago

    It’ll bounce back once they see all the money those government contracts generate. We had KBR driving shuttle buses and Taco Bell being ran out of trailers on the FOBs in 2008 Iraq.

  • CharlesDarwin@lemmy.worldEnglish
    2·
    10 days ago

    I wonder if Pam wants to discuss Trump’s stock market.

    I think they’ll be just as selective about this (and the huge dips right after his stupid and illegal tariffs were announced) just like they are about Donvict’s economy in 2020.

    They act like it’s no fair to talk about the economy then because of Covid. Sorry, that kind of thing comes with the job, too. And honestly, I don’t know what he really did in his first term that would have boosted the economy anyway since Obama already had it on a great path.