You may or may not have noticed that however the market goes, someone always makes money. It’s not Mom and Pop, or (wince) day traders. The modern market can be, and is, manipulated on a routine basis. Trump tweets, that epitome of considered wisdom, may be the Aladdin’s Lamp of Wall Street.
According to Politico, Trump’s tweet about Boeing’s F35 (sometimes known to us allied buyers as the Flying Credit Card) knocked $4 billion off Lockheed’s stock price. Much the same thing happened with Boeing after a few comments about the price of the new Air Force One.
So those Robin Hoods of plutocracy and muppet-haters of Wall Street are trying to come in with an algorithm to do super fast trading based on DT’s tweets. They think, obviously with some reason, that there’s gold in them thar tweets.
The result may be tweet and sour. Some may not be so thrilled. Hedge funds and private equity don’t like losing money, however altruistically. The Fortune 500 may become the Fortune Guess What Donald Said.
Others who may not like it are the 401K brigade, financial advisors, and just about anyone with a dollar to their name in the market. Both stocks recovered afterwards, and Boeing, an investor staple, went up with the market, but the vulnerability of the market is pretty clear.
The market, it must be said, doesn’t give a damn if it’s raining baseball bats, as long as it’s making money. They may be two dimensional, but it’s their role. It’s all the pathetic little office boy and girl perverts know is good and right and true. The finance sector has been run by failed cartoon characters for quite a while now, and if they could sell their genitals (no buyers) for a few extra cents, they would. Nothing new to see here, particularly genitalia of any kind.
A Trump algorithm, admittedly, would be interesting. Trying to fathom that morass of verbose vagueness can only be highly challenging. It might also be rewarding. Having no other clues about how to value assets rationally or otherwise, you can see why Wall Street might get lucky.
Historically, Wall Street (aka 1.1km of pure greed) was named because previously there was nothing there but a wall. A brick wall, in fact, which never noticeably responded to anything until it was pulled down. Not much has changed. Maybe this is another façade that needs to come down, preferably soon, before they start getting market inside information from a reincarnated Howdy Doody.
