Stocks did a bit of a 'pop and flop' today after yesterday's selloff.
There are some key IPOs coming out later this month. As always they involve a scandalous manipulation of the rules of the exchanges to benefit a wealthy few.
“Not only did Nasdaq gut its 'seasoning' requirement to allow SpaceX into its index only 15 days after its IPO, it also changed how it adjusts its weighting in the Nasdaq 100 index for 'low-float' stocks.”
Although only those who understand how these things work may understand it, this is a scandal of the highest level. If we had a functioning regulatory office this would not be happening. But this is the naked face of the kleptocracy.
Bitcoin is on 'must hold' support. The chart below makes it obvious.
Gold and silver are chopping around with the physical trade in the East and the paper chase in New York and London.
I have read credible estimates that the price of oil is going to spoil Trump's celebrations.
Have a pleasant evening.
Comments
Log in or sign up to join the conversation.