Why did markets spike yesterday at close, then plummet today on open? - GoFuckYourself.com

Socks · 06-01-2011, 10:42 AM

DOW is down over 200 points today, after a huge uptick yesterday at close.

Something tells me the powers that be wanted to artificially inflate May's close?

But for what reason?

iamtam · 06-01-2011, 10:49 AM

it's called end of month adjustments. larger firms often sell out of postitions at the end of the month and buy into new ones, settling their positions.

Relentless · 06-01-2011, 11:02 AM

It happened because the markets are not tied to ANY real fundamentals. They are entirely driven by speculation and anyone who tells you otherwise is either ignorant or an idiot.

P/E ratios, quarterly reports, real economic data = all meaningless these days.

The prices move based purely on speculation and the markets are now more about gambling than investing. It is one of the key reasons our financial markets have become so volatile and long term investing has become a crap shoot even for some of the massive players representing hedge funds, pensions and everything else.

PurrrsianPussyKat · 06-01-2011, 11:03 AM

Sell in may and stay away!

pornguy · 06-01-2011, 11:04 AM

Only one of my stocks is up today and its 6.1% opened a lot higher. I just hope that its trend for the last few days keeps going.

vsex · 06-01-2011, 11:30 AM

Bad economic data for May

06-01-2011, 10:42 AM	#1
Socks Confirmed User Industry Role: Join Date: May 2002 Location: Toronto Posts: 8,478	Why did markets spike yesterday at close, then plummet today on open? DOW is down over 200 points today, after a huge uptick yesterday at close. Something tells me the powers that be wanted to artificially inflate May's close? But for what reason?

06-01-2011, 11:02 AM	#3
Relentless www.EngineFood.com Industry Role: Join Date: Aug 2006 Posts: 5,698	It happened because the markets are not tied to ANY real fundamentals. They are entirely driven by speculation and anyone who tells you otherwise is either ignorant or an idiot. P/E ratios, quarterly reports, real economic data = all meaningless these days. The prices move based purely on speculation and the markets are now more about gambling than investing. It is one of the key reasons our financial markets have become so volatile and long term investing has become a crap shoot even for some of the massive players representing hedge funds, pensions and everything else. __________________ Website Secure \| Engine Food ICQ# 266-942-896

06-01-2011, 11:03 AM	#4
PurrrsianPussyKat Confirmed User Join Date: Jan 2004 Location: Lost in the mountains Posts: 2,088	Sell in may and stay away! __________________ Need a reliable, reasonably priced php programmer? Hit me up! 2934409

06-01-2011, 11:04 AM	#5
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,912	Only one of my stocks is up today and its 6.1% opened a lot higher. I just hope that its trend for the last few days keeps going. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

06-01-2011, 11:30 AM	#6
vsex Confirmed User Industry Role: Join Date: Aug 2010 Location: East and West Coast Beaches Posts: 1,277	Bad economic data for May __________________ VSEX.COM AFFILIATES [email protected] New Model Signup Most realistic thing ever written on GFY: Shap: "Solidarity is nice in theory but this industry has proven time and time again it can not stand together. The best advice I can give you is to do what is best for you with both your short term and long term goals in mind."

06-01-2011, 10:49 AM	#2
iamtam So Fucking Banned Join Date: Feb 2010 Posts: 1,211	it's called end of month adjustments. larger firms often sell out of postitions at the end of the month and buy into new ones, settling their positions.