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bucolic_frolic

(43,614 posts)
9. There is little if any actual trading going on anymore
Thu Apr 9, 2020, 11:43 AM
Apr 2020

Volume is very light. 401K's and retail investors are in index funds. The FED gives play money to banks who lend to hedge funds. They trade big blocks between levels based on technical charts. The averages just jump between the numbers all day long. Once overnight orders clear at 9:50AM, the daily trend is set. One-direction days are about 85% of the action now.

Computer algorithms with no managers make better returns than managed funds. Indexes for the most part do too. Active management delivers sub-par performance. Even Main Street brokers with research departments are just buy and hold operations.

Again, we have no actual markets. These are skeleton markets.

Worse we have fascism breaking out. Government is paying workers. Is the FED actually buying corporate bonds? Saw that this AM and someone posted it was illegal but happening anyway. Government, FED, and private companies are merging their interests to support the Fake Markets. This is the definition of fascism.

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