Racket wrote:
agip wrote:
You're telling me that China can't summon up a few billion dollars to use in highly leveraged options contracts to bang down the US market?
I'm sure they could afford it, esp because they would be making money here.
What I don't know is if it would be legal or hideable.
True, but why would it be illegal? They're buying things that are for sell. Would a few billion be enough too? I think they're doing better by stuff like issuing the court ruling against Apple like this morning. Way up on my QQQ short position already but honestly starting to get a little worried for the economy. We're still up like 25% from 2 years ago though so, perspective
I just don't know the rules. At a minimum it would be almost an act of war to manipulate another nation's stock market. Probably wouldn't want that to be out in the open. But I have no idea what I am talking about. Just seem uncanny how these massive dropdowns come in 10 second slamdowns. Doesn't feel organic.
Yeah on perspective that's always the hardest thing. Right now balanced US portfolios are flat for the year. So when we're looking back at performance stats, trying to remember what happened in 2018 we'll just shrug and say 'I don't remember - no return? Boring year? I suppose so.'
And on to the next year.
But when caught in the teeth of a steep and fast correction like this...very painful and confusing.