Thread: Money Investing megathread extravaganza
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Old 10-13-2022, 10:17 AM   #13196
scho63 scho63 is offline
Politically Incorrect
 
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Join Date: Feb 2009
Location: Scottsdale, AZ
Quote:
Originally Posted by Rain Man View Post
Wow, what happened? The stock futures were up and then tanked horribly, and now two hours later the market is up nicely. I think I have whiplash.
Stock futures were down about 100 points around 7am. Then England said they were killing the tax cuts that were stupid in the face of inflation and the futures rallied up 300 points, a 400 point swing.

Then the CPI came out and futures dropped 700 points in 3 minutes.

The market opened, sellers pounded the market.

Then people looked at a lot of the prices of stocks and realized they were so oversold and cheap they came in and bought the shit out of the market, rising from bottom to top about 1300 points from bottom to top!

A HUGE swing
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