Racket wrote:
agip wrote:
I don't know much about market timing but I can say one thing with highish confidence: sharp drops like this are not contained in 3 days. It takes a month or three for traders to get the courage to get back in the markets. When their head gets ripped off 2000 points in two days...they don't want to play anymore.
Meanwhile money keeps dripping into the market from retail, buying at lower prices.
Small potatoes money. Institutions will sling the big d!ck money around all day and in every sector available as they see fit
My point is that retail is irrelevant here, yes.
many participants obviously but I suspect it's levered traders using algos that really whips the markets around. Those machines don't just play with stocks - they mess around in options and whatnot - and ETFs of course. Massive amounts of money bought and sold instantaneously.