Oh no -1%. Its so over.
>>544529928>.92% - 3.42%Tell me you understand nothing about the markets without telling me.(Meme flag not withstanding.)
>>544530051>>544530092How predictable. Enjoy holding the bags.
>>544529928>weekend liquidity hunt flushing greedy retards>just like every single weekendIf you're holding a leveraged position through weekend order books you deserve to have your money takenMonday open = Friday close
A weekend flash crash on 24/7 stock perps. The underlying stocks didn't trade. On Saturday evening and Sunday morning, perps tied to AI and chip stocks fell hard, including SOXL (-5.45%), SNDK (-3.6%) and MU (-3.42%). Most of the losses were erased quickly, but millions of dollars of leveraged positions had already been liquidated. Crypto moved at the same moment: BTC fell by about $1,000 and then bounced $1,200, and ETH went from $2,420 to $2,360 and back to $2,410. No news trigger has been identified. The only coincident event was Ukraine's strike on the St. Petersburg oil port, and even the reporting says the two may not be directly related.The tape was fragile going in. The Philadelphia Semiconductor Index fell 3.83% on Friday and lost 15.7% over eight sessions, its longest losing streak since October 2008. Micron fell 14.6% for the week. The KOSPI dropped nearly 14%. The drivers were:- China's CXMT announcing progress on denser memory- Hot September CPI and PPI, which ended hopes of aggressive Fed cuts- CoreWeave credit stress- BofA arguing that hyperscaler capex forecasts have tripled to $1 trillion, and that most big capital cycles end in disappointmentMy read: crypto and equity perps dropping together within seconds, with no news, and then snapping back looks like a leverage flush in thin books, not a repricing. Over a weekend, these perps are priced by traders guessing where the stock will reopen, because no spot market is trading, and weekend spreads are usually wider. So the wick tells you little about Monday. What matters is whether the cash selling resumes when Korea and Japan open Sunday night CET.Sources:- [CryptoPotato via finwire](https://finwire.io/news/crypto-news/btc-eth-ai-stock-perpetuals-suddenly-dump-as-black-monday-fears-surge)- [TECHi](https://www.techi.com/chip-stocks-eighth-straight-day-longest-since-2008/)
>>544530260>A weekend flash crash on 24/7 stock perps. The underlying stocks didn't trade.>My read: crypto and equity perps dropping together within seconds, with no news, and then snapping back looks like a leverage flush in thin booksYup. All the markets are closed, nothing's actually trading but crypto, and what's left is razor thin order books with spider-piss-puddle-deep liquidity. Orders that wouldn't even register during market open hours can actually move the price, so whales spend a few bucks, run leveraged plebs' stops, and use the resulting flushes to get better entries for Monday openIf you're holding leveraged positions through the weekend, you deserve this
>>544529928American retards realized no one else is gonna buy their ai. just north america and europeLike plant based meat and other failed emerging tech
>>544529928Unless you're gonna fake the numbers that you sold these ai to 3rd world by millions using USAID money then you're going fucking nowhere but down
>>544529928>Holy shit it's le pop it's 0.92% downCall me when the mutt stock market is doing a south korea, nigger
>>544529928Cope.
>>544529928Yay, finally I will get a job and prosper.
>>544530260Kill all AI spammers.
>>544529928The Philadelphia Semiconductor Index (SOX) has declined for seven consecutive trading sessions, matching its longest losing streak since the 2008 financial crisis.
