Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board > Off Topic > Off Topic - Trading The Financial Markets


Reply
 
Thread Tools Rate Thread
Old 03-23-2018, 03:02 PM   #1
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: New York
Posts: 57,293
Rep Power: 86 PaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud of
Don't look now, but we're in the middle of an old fashioned Friday crash

Will it recover? Will Monday be an even bigger crash?
PaceAdvantage is offline   Reply With Quote Reply
Old 03-23-2018, 08:39 PM   #2
cj
@TimeformUSfigs
 
cj's Avatar
 
Join Date: Jan 2002
Location: Moore, OK
Posts: 41,478
Rep Power: 64 cj is a splendid one to beholdcj is a splendid one to beholdcj is a splendid one to beholdcj is a splendid one to beholdcj is a splendid one to beholdcj is a splendid one to behold
Quote:
Originally Posted by PaceAdvantage View Post
Will it recover? Will Monday be an even bigger crash?
It has been an ugly couple days. Glad I wasn't retiring today.
cj is offline   Reply With Quote Reply
Old 03-24-2018, 01:14 PM   #3
AltonKelsey
Registered User
 
AltonKelsey's Avatar
 
Join Date: May 2016
Posts: 1,286
Rep Power: 4 AltonKelsey will become famous soon enough
Zuckerburg peeking under everyones dress spooked the market.
AltonKelsey is offline   Reply With Quote Reply
Old 03-24-2018, 01:29 PM   #4
Saratoga_Mike
Registered User
 
Join Date: Mar 2009
Posts: 8,775
Rep Power: 18 Saratoga_Mike will become famous soon enough
Quote:
Originally Posted by AltonKelsey View Post
Zuckerburg peeking under everyones dress spooked the market.
Widening LIBOR, LIBOR/OIS, Ted spread (all related of course) spooked the market, as well as concerns about a trade war with China. I'm sure the sell off in FB didn't help, but I doubt that caused the heavy, persistent selling, but I concede that it's unknowable.
Saratoga_Mike is offline   Reply With Quote Reply
Old 03-26-2018, 04:09 PM   #5
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: New York
Posts: 57,293
Rep Power: 86 PaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud of
And just like that, the Friday "crash" has been reversed...funny game
PaceAdvantage is offline   Reply With Quote Reply
Old 03-26-2018, 05:20 PM   #6
Jeff P
Registered User
 
Jeff P's Avatar
 
Join Date: Dec 2001
Location: JCapper Platinum: Kind of like Deep Blue... but for horses.
Posts: 3,000
Rep Power: 21 Jeff P has a spectacular aura aboutJeff P has a spectacular aura about
I'm guessing most might agree with me that a fair percentage of the swings we've seen this year have been algorithm driven.

That said, one viable strategy if you are sitting at a poker table is to play in a manner that results in other players becoming (more than a little bit) emotionally rattled.

The thinking behind such a strategy being that emotionally rattled players are more likely than unemotional players to go on tilt. And players on tilt more likely to let emotion get in the way and make mistakes.

That said --

Anyone besides me think some of the swings we've seen this year could be driven by algorithms purposely designed to put individual investors on tilt?

Part of me suspects that the drops earlier this year and then again last week were likely orchestrated by algorithms designed to shake out week hands in hopes of picking up shares at a discount.

Think about it.

Other than the numbers at the closing bell --

What's different (outlook-wise/earnings-wise/where we are in the cycle-wise/politically/economically, etc.) today as I type this on Mon afternoon vs. last Fri?



-jp

.
__________________
Team JCapper: 2011 PAIHL Regular Season ROI Leader after 15 weeks
www.JCapper.com
Jeff P is offline   Reply With Quote Reply
Old 03-27-2018, 08:21 AM   #7
sour grapes
Registered User
 
Join Date: Dec 2016
Posts: 187
Rep Power: 0 sour grapes can only hope to improve
absolutely agree this is orchestrated to shake the tree of small time investors,its happened for years but this bull market is different in that the long term investor is way ahead and the so called smart guys (hedge funds) have dreadfully under performed during this bull run trying to be short and hedged while the bull runs them over.
sour grapes is offline   Reply With Quote Reply
Old 03-27-2018, 08:41 AM   #8
Red Knave
dGnr8
 
Red Knave's Avatar
 
Join Date: Aug 2003
Location: Niagara, Ontario
Posts: 2,838
Rep Power: 19 Red Knave will become famous soon enoughRed Knave will become famous soon enough
That would be a colossal conspiracy. I say it's unlikely. You can fix a race, but not every race.
For the most part, individuals don't hold enough shares by themselves to make a strategy like this worthwhile.
All those algorithms, even if they are based on machine learning, AI etc., were all programmed by humans.
__________________
.
Life is forever uncertain and replete with vicissitudes
Red Knave is offline   Reply With Quote Reply
Old 03-27-2018, 09:57 AM   #9
Tape Reader
Registered User
 
Join Date: Jan 2007
Posts: 936
Rep Power: 12 Tape Reader is on a distinguished road
IMO, there is no difference in the way price bounces around on a chart today, or 100 years ago. It is a natural rhythm.

However, today we have cable news and the Internet convincing people that there is a bogie man behind every tree. Conspiracy stories!
Tape Reader is offline   Reply With Quote Reply
Old 03-27-2018, 11:39 AM   #10
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: New York
Posts: 57,293
Rep Power: 86 PaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud of
Quote:
Originally Posted by Tape Reader View Post
IMO, there is no difference in the way price bounces around on a chart today, or 100 years ago. It is a natural rhythm.

However, today we have cable news and the Internet convincing people that there is a bogie man behind every tree. Conspiracy stories!
I agree...the market has been testing weak hands forever...today is no different.
PaceAdvantage is offline   Reply With Quote Reply
Old 03-27-2018, 03:31 PM   #11
Valuist
Registered User
 
Join Date: Feb 2003
Location: East Bay
Posts: 16,100
Rep Power: 33 Valuist will become famous soon enoughValuist will become famous soon enough
Huge up day yesterday but the biggest up days I can recall were from 2000-2003 and 2008-2009, in bear markets. Usually some of it is driven by short covering.

Ugly past hour for today's market.
Valuist is offline   Reply With Quote Reply
Old 03-27-2018, 03:32 PM   #12
PaceAdvantage
PA Steward
 
PaceAdvantage's Avatar
 
Join Date: Mar 2001
Location: New York
Posts: 57,293
Rep Power: 86 PaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud ofPaceAdvantage has much to be proud of
Yup...looks like the crash took Monday off but is back with a vengeance...
PaceAdvantage is offline   Reply With Quote Reply
Old 03-28-2018, 05:28 AM   #13
PICSIX
Mike Schultz
 
PICSIX's Avatar
 
Join Date: Oct 2010
Location: North Carolina
Posts: 2,096
Rep Power: 10 PICSIX is on a distinguished road
https://wishingwealthblog.com/2018/0...rm-down-trend/
__________________
I attract money, I attract money...
PICSIX is offline   Reply With Quote Reply
Old 04-02-2018, 12:16 PM   #14
Valuist
Registered User
 
Join Date: Feb 2003
Location: East Bay
Posts: 16,100
Rep Power: 33 Valuist will become famous soon enoughValuist will become famous soon enough
Barron's recently quoted George Costanza to make a market analogy. Can you name the quote? It's one of his most famous lines.
Valuist is offline   Reply With Quote Reply
Old 04-04-2018, 12:51 PM   #15
Valuist
Registered User
 
Join Date: Feb 2003
Location: East Bay
Posts: 16,100
Rep Power: 33 Valuist will become famous soon enoughValuist will become famous soon enough
Quote:
Originally Posted by Valuist View Post
Barron's recently quoted George Costanza to make a market analogy. Can you name the quote? It's one of his most famous lines.
Anyone, anyone?

The answer is "Jerry, it's not a lie if YOU believe it".
Valuist is offline   Reply With Quote Reply
Reply




Thread Tools
Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

» Advertisement
» Current Polls
Who wins the "Best Jockey Karaoke Performance." East or West?
Del Mar Jockeys and the West win - 34.38%
11 Votes
Saratoga Jockeys and the East win - 65.63%
21 Votes
Total Votes: 32
This poll is closed.
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 04:24 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Copyright 1999 - 2018 -- PaceAdvantage.Com -- All Rights Reserved -- Best Viewed in a modern browser @ 1280x720 Resolution Or Higher
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.