/biz/ - Business & Finance

What the fuck is happening with the Nasdaq? I cannot understand how the trade this nonsense market. There's no respect for whatever rules there should be or logic you try to apply here. At every level, I've been trying to get what's happening but I just can't.

COVID-19' cases are rising up across Europe and the USA again. Congress can't seem to pass a stimulus bill to try and reverse the negative economic effects of the lockdowns. Treasury securities operations by the FED for the past 2 weeks barely reached 20 billion dollars (were roughly 80 billion per month before). Softbank was one of the players responsible for the August rally messing around with options and pumping the market. DXY and VIX flared up due to all this uncertainty. The upwards price movement channel was broken when this charade came off. The 50 MA support was closed last week. And despite all this, Nasdaq keeps pumping and going up.

Who is injecting all this money into the system? How is this still not collapsing to reasonable levels?