Whoopsie daisy! https://www.marketwatch.com/story/t...ency-manipulator-2019-08-05?mod=mw_latestnews And the markets react as expected. NQ now down 10% from latest peak.
If there is another late 90's tech-like bubble, here's what happens during this bubble: Spaceship companies IPO. Flying cars debut. Beyond Meat has a genetics lab that will create a hybrid human, part human and part plant, like Swamp Thing. If don't want a natural baby, you can send your DNA to BYND to create a hybrid baby. Bitcoin goes to $1 million. 10 year goes to 0%.
Woo look at Nasdaq futures bounce from that 10% sell off point. Already bounced 2%, can't let it open in "Correction" territory
Haha what's the BYND reference related to? What happened in the 90s for generics? This sounds interesting...
Remember remember the 5th of November. (In this case, the 5th of August, mostly. Use caution.) https://www.bloomberg.com/news/articles/2019-08-05/traders-once-bitten-twice-shy-shrug-off-pboc-s-yuan-assurances
Haha well played. In all seriousness this is an interesting play since China knows Trump is very focused on the market so from their perspective a sell off is probably good for them. The rumors of how he had to be stopped from making a deal with during the December sell off probably hurt his credibility.
Like clockwork Nasdaq up now 4% from overnight low of down 10% from the peak , the amount of support to keep these markets going higher is incredible.