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Re: Markets Tuesday
[Re: abolt300]
#4176216
08/05/24 10:09 PM
08/05/24 10:09 PM
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Joined: Aug 2001
Posts: 72,323
Luverne, AL
Skinny
OP
GUVNER
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OP
GUVNER
Joined: Aug 2001
Posts: 72,323
Luverne, AL
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I think the big funds will work in coordination and buy back just a little tomorrow to stabilize things and try to calm all the individual investors by running it up a couple hundred points at the open and holding it there. They’ll let it sit for a while and bait people into thinking they are buying in on the drop. They’ll buy in and bounce it up some, then the big funds will sell off again toward the end of the week. It’s how they maximize their profits on the exit. I agree in the process. The timing is hard to figure but I agree that they will do something like that to force the Fed into the emergency rate cut corner. One mid-sized notable bank collapse would probably do it.
"Never Trust Government" -- Smart people.
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