It would be awesome but the big money, long time frame players that move markets don’t give a fuck and most of them are lefties anyway. I wish we could move the market.
Market triggers are generally small, single digit percentages and, thanks to COVID and a vastly swelling number of stupid people, idiot Robinhood "traders" account for a surprisingly large part of trading.
Let's put this together- FAANG drops a couple of percent each, enough to hit institutional sell triggers. That can happen very easily. Cumulatively, that is 6 of the largest stocks the world selling off. Things spiral from there.
This could happen very easily. It really should happen because all of their valuation have been insanely over inflated for quite some time and the overall market has been running on fair dust and helicopter money for months.
The cost to the average Pede to make this happen would be 30 seconds each cancelling your accounts this weekend and you get the bonus of better quality stuff via direct retailer websites, likely for less money. Your favorite merch providers would be very, very happy to start saving the Apple and Amazon Tax.
I understand that. What I am saying is that if we patriots want to sell FAANG on a random Monday at 0930 whilst Goldman, JPM, Citadel, etc. want to buy FAANG, we ain't driving the price down.
It would be awesome but the big money, long time frame players that move markets don’t give a fuck and most of them are lefties anyway. I wish we could move the market.
You're mistaken.
Market triggers are generally small, single digit percentages and, thanks to COVID and a vastly swelling number of stupid people, idiot Robinhood "traders" account for a surprisingly large part of trading.
Let's put this together- FAANG drops a couple of percent each, enough to hit institutional sell triggers. That can happen very easily. Cumulatively, that is 6 of the largest stocks the world selling off. Things spiral from there.
This could happen very easily. It really should happen because all of their valuation have been insanely over inflated for quite some time and the overall market has been running on fair dust and helicopter money for months.
The cost to the average Pede to make this happen would be 30 seconds each cancelling your accounts this weekend and you get the bonus of better quality stuff via direct retailer websites, likely for less money. Your favorite merch providers would be very, very happy to start saving the Apple and Amazon Tax.
I understand that. What I am saying is that if we patriots want to sell FAANG on a random Monday at 0930 whilst Goldman, JPM, Citadel, etc. want to buy FAANG, we ain't driving the price down.