Dow down 2% right now

[Demovictory9]

Volatility continues

[ScratchCat]

1. Some volatility

coupled with some manipulation. Don't be fooled.

[maxsolomon]

3. What is the manipulation? Who's manipulating?

It sounds like you know.

[Wounded Bear]

4. Probably means the rate cut the other day...

was pretty ineffectual.

[maxsolomon]

6. it was pretty effectual as far as removing more arrows from the Fed's quiver

for dealing with the looming Trump Slump (which kicks in the day after he's re-elected).

[lagomorph777]

7. The rate cut had a negative effect because it showed the Government doesn't get

what the real problem is, and has no idea what to do about it.

[ScratchCat]

9. FWIW,

Tuesday, on CNBC, after the huge drop, it was stated "this is mostly due to "one bank", and, rather than cut the rate, the Fed should have "done something" about this 'bank'". They wouldn't state what bank it was, but the guys noted it was due to their shennanigans. These ups and downs have little to do with Trump or Biden or anyone saying anything. The big players know how to manipulate the game, force the Fed's hand and get what they want. Sure, some of the slide is due to decreased productivity, but these sell-offs and buy-backs are market manipulation.

[maxsolomon]

10. So... that bank "manipulated" the Fed into a rate cut?

There's so much I don't want to know about high finance.

[uponit7771]

11. +1, you got the jist of it most people don't know how easy it is for such to be done especially ...

... when the fed chief is a Trump pick.

Few people surrounding Red Don has any character

[PA Democrat]

13. I thought I saw something about an issue with overnight lending.

Banks are required to maintain a percentage of their total deposits in the account at the Federal Reserve. Banks will borrow and loan funds to each other at the end of the day to meet these requirements. The Fed will intervene and as a last resort when a bank is unable to borrow from other financial institutions and lend to the bank at the fed funds rate.

I got the impression that there was trouble afoot with one or more banks. Can't remember where I read it.

[ProudMNDemocrat]

2. Trump silent on 2 weeks on Dow drops.....

Our retirement investments lost 10% in value. That is a chunk of change . May not seem like much to those with millions saved up.

[Wounded Bear]

5. This isn't really "volatility." IMO we're in full correction mode...

It was long overdue, the virus just triggered something that has been building for a while.

Now, with a month pulled out of the production cycle, it's gonna take a while to find the point to stabilize.

[Cosmocat]

8. Yep

nm

[Roland99]

12. O M G! US 10-year yield - 0.725%! W O W!

insane