Flash Crash ~ Amazon down 87% After Hours On Independence day!!HAPPY 4th of JULY!
Well, WE were waiting for these ones.
More temporal markers that are the signs of the times, markets stop as stocks plummet for no reason after hours.
The perfect signs for bitcoin, the perfect reason why the old manipulated markets are not a safe place to be.
Regardless of if there is business there or not!
A link to the original Zero hedge article referencing the after hours drops: http://www.zerohedge.com/news/2017-07-03/nasdaq-triggers-market-wide-circuit-breaker-amzn-crashes-87-after-hours
Happy Debt and Slavery Day TO The Unfree Americanos~! Buenos Suerte Amigos!
Arcane Conclusion
What an exciting time to be alive! We had warned many friends and long term listeners about the dangers of the stock market in the coming years, and it sucks if you happen to be in there. Yet, it feels rewarding to start to see all the signs of our predictions and others start to come true! I am so pleased to see. We dont hold anything in these stocks, but the markers are, for us. The sign of the times and that the path we chose many years ago, is about to pay of, Possibly in a Flush of spades!
Happy trading, Enjoy the ride!
Thank you for joining along the journey with the arcane bear!
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http://www.marketwatch.com/story/finance-sites-erroneously-show-amazon-apple-other-stocks-crashing-2017-07-03
not to throw shade, but it looks like this may have been a intermediary reporting mistake as opposed to a real failure in the market.
Too bad. Maybe it'll be just enough to make people reconsider the manipulated markets.
"Oh Amazon, disappeared. Oh never mind, everything is ok. Your money is really safe. We just totally thought we lost it all for a second. Carry on! Trust Us"
haha exactly, even if they are calling it a reporting error, we are supposed to trust that! haha
deserves my resteem
Thank you for your support, following you now!
Do you think this will drive up the price of Bitcoin?
They are not directly correlated, but yes, the move out of traditional markets and into the crypto space is the inevitability of these problems in the manipulated market. All the wealth will want to find somewhere safer!
Well, for now, it is thought that crypto is a "scam", hence their preference for these traditional markets - That is the issue. It is us who have identified the growing potential of crytocurrency trading.
So happy I got fully out of the market and into crypto. Times are changin!
Its the place to be!
Amazon, with a P/E ration of over 186-1, at least up to today... that means it would take 186 years for a stock investor to get a even return on his money. Whatever technical glitches... I don't own that stock or any indexed ETF funds tied to it so the effect on me is minimal so far... I feel safer in metals & crypto mining
Heck yes! WE are the same way, closed out our portfolio at the beginning of this year. Bless up!
This was reported in news yesterday. Seems like something untested or tested badly went live and many stocks became penny stocks. Interestingly this bug helped Microsoft shares as per the report 😈
hot damn, microsoft did it! hahaha
What's your thoughts on EOS?
i hope everything is fine now after that Crash
well, its better to be in the crypto world anyways, right?!
This wasn't a real crash but was a glitch in the system. So nothing to worry about. I think there will be a correction soon in the tech stock market because most of them are overvalued. Look at Amazon is super overvalued.
Hmmm, it will like go up and up, the glitch, right, thats the problem the markets can glitch, so yes, tahts a crash. haha if you computer glitches? and stops working, we call that a crash.
Yes, but the problem was that all the stock market was price at $123.00 so was a bug/glitch and not a real market crash.