/biz/ - Business & Finance

>I trimmed my MSOX this morning at 5.56 for an 8% profit.
>Still hold over 500 shares of MSOX
>hold 1300 shares of AYRWF at 1.06 cost basis
>I made over a grand in one day.
>Most I have ever made in my life.
>we still have the official rescheduling to happen
we were all wrong. Pharmecuticals already pre-pushing FDA applications for cannabis related pharmaceuticals, starting with inhalers.
>We are all going to be priced out when BIG pharma scoops up the medical market.
Cannabis is the fucking future. I am yelling from outside the cave you bafoons. Stop watching the shadows on the wall!

>>57091615
>second explanation for the crash lies in the Louvre Accord.

The central banks of Japan and West Germany had been vocal about their fears of rising inflation; this created an expectation that these countries would raise interest rates to reduce liquidity and quell inflationary pressures. If those countries raised their rates, then in order to keep all countries within the agreed range of each other, the US would be expected to raise rates as well.[88] When the Bundesbank followed through on its remarks and took steps to raise short-term interest rates, US Treasury Secretary James Baker publicly clashed with the Germans, making remarks that were interpreted as a threat to devalue the dollar.[89] Even under normal circumstances, a weaker dollar would tend to make US stocks look less attractive to foreign investors.[90] These remarks, however, created shock and panic among investors outside the US.[91] They raised the prospect of a currency war, or even the collapse of the dollar

futures and options–are functionally a single market, given that the price of any particular stock is closely connected to the prices of its counterpart in both the futures and options market.[95] Prices in the derivative markets are typically tightly connected to those of the underlying stock, though they differ somewhat (as for example, prices of futures are typically higher than that of their particular cash stock).[96] During the crisis this link was broken.[97]

When the futures market opened while the stock market was closed, it created a pricing imbalance: the listed price of those stocks which opened late had no chance to change from their closing price of the day before. The quoted prices were thus "stale" and did not reflect current economic conditions; they were generally listed higher than they should have been (and dramatically higher than their respective futures, which are typically higher than stocks).[98]