No more crashes? That’s something you would hear just before the biggest crash in history. Don’t kid yourself. You’re right that the stock market is completely divorced from actual economic activity of the companies listed, though
Every time I say this I get this comment or one like it… since 2014. I invite you to save this thread and come back and make me feel like a complete moron when it happens. Eventually, I think everybody will come around.
Edit: I started to come to these conclusions when I read the book I mention above - it’s more than 10 years old now. I’m not alone in thinking these kinds of things, the book’s author does as well
I happen to have read that book at the time. It doesn’t say no more crashes. Has nothing to do with the overall trend in the stock market, even. “Stock market is rigged” he’s referring to a specific part when you place an order, it happens in milliseconds. That’s something else from valuations being inflated or no more crashes
Yes, that’s all true. I would temper that by saying if you can rig orders with front loading the way the book described ten years ago, the end game is not to make the market less predictable and more chaotic. The people architecting this stuff have now been working at it for over a decade.
The no more crashes thing is my own extrapolation based on my personal experience watching them control the price of stocks that were shorted to oblivion using dark pools and synthetics along with the sudden subsequent rise of crypto-capital. I am aware that this brings me into conspiracy territory, but I’m also aware that nothing that has happened since 2008 has done anything but reinforce the notion in my head.
Time will tell, I don’t mean to imply that no crashes is a given but I strongly suspect the entire market is price controlled using all these tools (AI, HFT, crypto, dark pools, synthetics) - and not just this market, but any market that allows these tools to be used.
No more crashes? That’s something you would hear just before the biggest crash in history. Don’t kid yourself. You’re right that the stock market is completely divorced from actual economic activity of the companies listed, though
Every time I say this I get this comment or one like it… since 2014. I invite you to save this thread and come back and make me feel like a complete moron when it happens. Eventually, I think everybody will come around.
Edit: I started to come to these conclusions when I read the book I mention above - it’s more than 10 years old now. I’m not alone in thinking these kinds of things, the book’s author does as well
I happen to have read that book at the time. It doesn’t say no more crashes. Has nothing to do with the overall trend in the stock market, even. “Stock market is rigged” he’s referring to a specific part when you place an order, it happens in milliseconds. That’s something else from valuations being inflated or no more crashes
Yes, that’s all true. I would temper that by saying if you can rig orders with front loading the way the book described ten years ago, the end game is not to make the market less predictable and more chaotic. The people architecting this stuff have now been working at it for over a decade.
The no more crashes thing is my own extrapolation based on my personal experience watching them control the price of stocks that were shorted to oblivion using dark pools and synthetics along with the sudden subsequent rise of crypto-capital. I am aware that this brings me into conspiracy territory, but I’m also aware that nothing that has happened since 2008 has done anything but reinforce the notion in my head.
Time will tell, I don’t mean to imply that no crashes is a given but I strongly suspect the entire market is price controlled using all these tools (AI, HFT, crypto, dark pools, synthetics) - and not just this market, but any market that allows these tools to be used.