Depends if you think zerohedge is a news service. It was in an article I read a few days ago but cannot now find. This article says that Not QE will have to go onto the election in the second last paragraph. https://www.zerohedge.com/markets/n...how-me-how-fed-moving-stock-prices-so-here-it
zerohedge correctly placed the trigger of repo crisis as JPM, they get a lot of stuff right. Perhaps the Fed should have a policy that every time they buy bullshit securities from bullshit banks, they should short sell everything that bank owns 3x. Oh my god, this dude actually challenged the Internet:
Holy shit, ZH's explanation of the problem is so clear... Hedge funds are overleveraged and they participate in repo. They pay 1% and make 5%. The rest is my assumption: So JPM, who is presumably not overleveraged, pulls out of repo hoping to force the hedge funds to liquidate so they can make money on the resulting leveraged crash. Fed says holy shit, 10% overnight is ridiculous. Holy fuck. Nice article man.
Goldman Sachs is short its book on NFLX going into earnings, Terry boy, I hear your bonus was no that bad this year!
Looking at the daily chart, the stock is in a range, but with mostly red candles. What that means is that the stock keeps opening up then during the day it gets sold off. Maybe the overnight market is manipulated??
"manipulated", markets have always been that way. The SEC is a front for Goldman sacs racket, trust me, they been shearing the American public for decades...