/biz/ - Business & Finance

Ok, so most of this upward movement is occurring in single 1-minute candles. So far at 11:55, 12:50, and 12:59. So ostensibly, some whale is literally single-handedly moving the entire S&P 500, presumably by slurping approximately $500 billion worth of S&P stocks, and he is apparently doing it via market orders? At the absolute top of the day every time? What the actual fuck lmao

Lmaoooooo the fed is buying everyone's bags again. God bless the fed. Printer Powell just cannot help himself.

>>50104075
It's a greater fool run. It's an abandoned coin; mathematically and objectively, we can say with absolute certainty that no value is being created or encapsulated by this coin. Meaning all change in price is part of a zero-sum game. Millionaires might be created by this coin, but at the exact million-dollar detriment of others. Those who win are smart and quit while they're ahead. Those who lose are greedy and stupid and tried to hold too long. I, for one, applaud it. Sit back and enjoy.

I know it's been said ad nauseum all year, but it's worth saying again because it just keeps getting worse: This market is fucking INSANE. Without question, it has never been anywhere near this crazy in history. It's like someone took the price data for every stock and put it through an amplifier.

It's always good to stop and get some perspective every now and then. Take a moment to glance through some SPY charts from a year ago. And from 2 years ago. And from 3 years ago. What we have today is unrecognizable. The S&P 500 used to fluctuate 0.5% a few times a month. Now, the benchmark index of the United States gains and sheds 0.5% every 15 minutes. This shit is absolutely unreal to watch.