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Thread: The news driven market

  1. #1
    Senior Member Axle's Avatar
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    The news driven market

    Check it out. The market is up about 1.5% for the day (huge). News comes out that the Boston bombing suspect's condition has improved from critical to fair and the market tanks, giving back almost the entire day's gains in one 2-minute candle. Then it bounces right back.

    What does this say about the condition of the market?

  2. #2
    I cannot see why the health of a 19 year old ex-terrorist and the stock market would ever be linked.....

  3. #3

  4. #4
    According to that link:

    The AP’s Twitter feed falsely said that there had been two explosions at the White House.

    ....now that is a better reason for the market to tank....

  5. #5
    Senior Member Axle's Avatar
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    First, Reuters reported the Boston bombing suspect's health story, flagged in a bold red headline banner as 'breaking news'. The news about the false tweet came out later.

  6. #6
    computers reacted faster than humans....I wonder how many stop loss triggers hit and kicked traders out of the market

  7. #7
    Senior Member Axle's Avatar
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    Exactly. Wall st or shakedown st?

  8. #8
    Senior Member Scorpion's Avatar
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    No matter the news or tweets, it's sad how knee-jerk Wall St is, particularly since so much of our economy is wrapped up in Wall St's bullshit.

  9. #9
    Quote Originally Posted by cfx View Post
    computers reacted faster than humans....I wonder how many stop loss triggers hit and kicked traders out of the market
    Our firm does electronic trading. It triggered all sorts of fun.

  10. #10
    Quote Originally Posted by t8burst View Post
    Our firm does electronic trading. It triggered all sorts of fun.
    ha ha I bet it did

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