RE: NOTHING CHANGED FROM YESTERDAY19 Aug 2021 16:36
Obviously this is just an opinion, others may well disagree,
I certainly wouldn't say stupid no. Fundamentals have their place, and like I say, I do believe they win out in the end, but because the market is such a closed environment it most certainly can and I believe is manipulated. In fact, by definition it is manipulated when it is controlled by market makers, who's actual job is to "make a market" i.e entice buyers AND sellers to make liquidity. How do they do that? by setting a price that they think will have an effect, mainly by social engineering, i.e frighten or excite buyers, er cynically go after stop losses (I have no factual evidence of this but anecdotally believe it does happen) So as investors, good due diligence is a must, but also I think, an awareness of sentiment.
I would love to get in a room with Market Makers, brokers and Big Investment firms and debate the subject. It is fascinating, but also often frustrating for us investors.