At almost exactly 2PM Eastern US Time today, there was an instant market shake-up as described in our previous post today. It happened exactly at the same time a news-release was floated about 16 European banks. The release originated in Europe.
Some quick geography tells us that 2PM on Wall Street was very late evening anywhere in Europe; however, the US markets were still struggling for two additional hours in a very volitile day. A hugely "down" day. But one of those hard working folks in Europe was in-fact working late to "release" the news event at that precise time of the Wall Street day.
That's probably why the Euro will be valuable forever... because Europeans in general and on the average are arduous work-ethic oriented high-productivity individuals...
Think about this one. Sometimes you may have experienced a "broker" call prompting you do act under certain conditions because it was a good day to do so. Then, the condition happened(!) with enough time for you to confirm your buy order for that day(!!) Enough people listening to that story can produce enough "authorized" volume for the quants to be turned on.
Of course, those folks who were phone-called get wiped out in a day or so, but the quants have already acted on the accumulated volume.
You can profit by reacting in the exact opposite direction once you know how to avoid the scam.
