At 9.50pm AEDT yesterday, there was a sudden spike in trading on the oil and S&P 500 futures market.

6.50am New York time is an unusual time for a rush on trades on West Texas Intermediate May futures.

But it showed that all of a sudden, a substantial sum of money was bet on oil prices dropping and the stock market rising.

  • PolarKraken@lemmy.dbzer0.com
    link
    fedilink
    English
    arrow-up
    2
    ·
    edit-2
    4 hours ago

    Well, I hear you, but I really couldn’t disagree more. They correctly assessed they can do it all openly, they were right, and now it’s much easier. They were ahead of the curve, they are actively profiting in extreme, ridiculous ways from their correct assessment and follow-through - you’re the one behind here, clinging to the old rules that clearly barely apply today. Not trying to antagonize or be a jerk, hope it’s not coming across deliberately jerky, I just really think it’s a dangerously incorrect misunderstanding you have.

    There is nothing whatsoever stupid or accidental about the exact stuff you’re describing from them. It just doesn’t work toward ends that you easily recognize, and thus looks stupid to you, but again, only because your world model is badly out of date now. Incidentally, everyone like you that is failing to update quickly is making it all work even better. This is what I mean. What you’re saying is not just wrong, it’s dangerously wrong.

    • rapchee@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      3 hours ago

      i might be too optimistic, but i think they are screwed in the long term, the dems could have will-they won‘t-they-d progressives forever, but trump had to get EVERYTHING and now even fans seem to turn away
      then again, i’m not an american, maybe i don’t feel the temperature correctly over the pond