2020 Sep 23, 12:44am
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Now that the election is near, it couldn't be anymore political, that they are doing so. Those conservatives are all pulling out of tech stocks.
Looks like someone did a burst of buying and then dumped on the day it peaked. Looks like someone precipitated the crash. Given that it's political season, and 1-2 months would be about the right lead time for things, I suspect possible orange man bad links.
Deflationary depression coming to a town near you ?
Buy more or miss out
Given that it's political season, and 1-2 months would be about the right lead time for things, I suspect possible orange man bad links.
. Then on top of that, there is finally legislative will to inflict some serious retribution. And the judicial ramifications will be felt, opening a slew of class action law suits. I think all of the current large tech players days are numbered really.
Interactive Brokers is upping its requirements for using margin in its accounts in an effort to brace for "elevated volatility” in the markets ahead of the election."[Interactive Brokers] believes it's appropriate to start controlling leverage in a measured fashion in advance [of the election]," the online trading platform told clients in a note. Across Wall Street investors are bracing for uncertainty of a contested election with the possibility of no clear winner on Nov. 3. After Bush v. Gore in 2000, the S&P 500 index was down for a month before erasing the losses when a winner was decided in December.For investors who trade with borrowed money – or margin – which a Yahoo Finance-Harris Poll survey found could be as high as 20%, Interactive Brokers is making a change. The company is decreasing the amount of leverage available to customers by raising the initial and maintenance margin requirements from regulation minimums 50% and 25%, respectively, to 66.7% and 33.75%. The company has 948,000 clients.