Hacker News

points by JumpCrisscross 2 days ago | 0 comments

If the bank collapse in Paraguay hadn’t happened today, and stocks hadn’t initially risen yesterday, I’d tend to agree with you. This is odd enough to potentially have a better explanation than everyone got happy and then sad all of a sudden.

[–] method_capital 2 days ago

Paraguayan banks don't mean a whole lot in the global financial markets.

[–] Fargren 2 days ago

The fall of the bank didn't cause Nasdaq to fall. But the opposite direction, or both events having a common cause? Entirely possible.

[–] JumpCrisscross 2 days ago

Paraguayan banks with close ties to a politician with, in turn, ties to the Trump family absolutely hint at money moving around.

[–] golden-face 2 days ago

I thought the bank collapsed on Monday? And it was only like a 3 billion dollar bank? So note huge.

[–] shermantanktop 2 days ago

Read enough of these “explanations” of what the market did and a portrait emerges of extreme emotional volatility combined with a fantastic imagination. The market is insanely happy because x went up, which means the Fed will do y, and so pork belly futures will do z. Oh no! Now it is sad! But for the same reason?

[–] throwaway2037 2 days ago

For the same reason, spot FX commentary is utter garbage, yet there seems to be unlimited amounts of it.

[–] dodger-dog 2 days ago

Wall Street banks avoided becoming a political talking point with that action yesterday.