willing to pay UP 14% to own a piece of something good.
those little share trades at one time (pre mass communication ie faxes) were rumored to be secret code. A way for market makers to talk to each other. For example a 5 might be "I need shares, give me what you got!" Front running at the pits. back scratching kind of thing. Which may have been true! I don't know.
But I have been told they are usually just rounding errors. Yes. sometimes someone needs to sell their whole lot and they have 1,005 shares because of a dividend rebuy program or something. And when they clear out their account the market maker just takes the order as filled @1000 shares or 10x100 "owing" 5 shares later because the guy in the pits isn't going to stop barking out 10k lots just to sell 5 shares.
so those little shares try to get consolidated in to other lots or they get settled at the end of the day OR some jerk actually sends it through in the middle of a volatile day!
buying the equity isn't the only way to trade a stock. Which means an MM is then buying and selling shares based on many orders coming not just from retail investors but also from other trading desks that are buying 100 and selling 100... It isn't a coincidence that 100 shares happens to be 1 options contract.
PS watch S&P500. 1990 could fall and it might get violent. Get ready for a LOT of 100 share trades... and some 10k blocks.
That is exactly how I see it. Fed is just an excuse. there is very clear resistance. Markets need a reset. The market tried to ride AAPL's earnings (which were freaking impressive) but clearly the rest of the S&P is not AAPL. That strength in the futures this morning was the Euphoria you keep talking about ;-)
I'm just a nutty guy on the internet. SERIOUSLY. 2020 broke. 1990/2000 will fall tomorrow. Then we just might see a -100 day. This isn't the environment for a market at all-time highs. Or who knows. Maybe 2000 holds AGAIN and everything is glorious all the way to 2500.
Market is 100 percent driven by cheap money. That pool will dry up. The artificial demand the fed created is almost gone. (us equities have been the only game) the second intrest rates go up the motto "dont fight the fed" will no longer be valid.
I thought you didnt watch the dow. And the next couple weeks could be the deciding factor on whicg direction those 5k points will go.i trade as fast as the market dictates.
I think in the next 2 weeks we will know for sure if US equities are still good. The only factor that concerns me on a short bet is strong dollar.
All metrics have changed since 2008. I wouldn't rely on old truths. Avg Joe hasn't been in the market for 7 years. And they wont come back in. I know wall street likes to sell off when Joe comes but wallstreet has been waiting for Joe for a few years. Someone on wall street is going to lose this time. The Fed is the market. And its about to be out of the trade. I don't care what avg joe brings to the market. Even if he was in the trade you wouldn't know it. without the fed and its free money, the guys with the "money" don't have any more to sustain rally. Or I could be wrong. Either way, good to see some folks talking market as opposed to rumors about a pitiful little bio tech.
Oh and my trade in this will be over long before 20-30% correction. So I'm not looking for end times