...when US market takes on casino-like behaviour, it means
1, Greater degree of unexplained volatility
2. Sudden burst of selling that could lead to more selling; so far we have seen only burst of buying leading to more buying
3. Everywhere else held hostage to when this casino implodes. Stock sitting becomes sitting ducks.
....and they all happen overnight while we sleep.
Algos have turned the stock market into a casino! $CRWD "beats" guidance by a tiny % and the stock pops 27% in AH trading, $GTLB "misses" guidance by a tiny % and the stock drops 20% in AH trading!
Large cap companies' market caps gyrating by tens of billions in minutes!
