this move is flagrant mkt mkr manipulationSure buy more as i have been as well - but the move and beta is completely out of sync with normal - or even extraordinary markets- this selloff is more intense than 2008 or 2014 Opec crash. Its clear banks have their shorts on and are not pressing their Teslas or Apples with Nasdaq down a sliver - but pressing their energy shorts (drespite for example ,no 4 rpoducer CHK imploding- which , one would think- is good for supply overhang going fwd )
we are down nearly 30% in 3 days
we are talking the premiere , top 3 producer of natural gas in Canada and with tier one team.
this much of an imbalance? impossible to see this. this is a short attack or mkt mkr abusive practice.
what needs to happen is exchange controls to limit shorting if so -as would be the case the minute Goldman Sachs downtics 10% or whatever. The banks are sacrosanct . We are not.
Its supposed to be called Democracy and Capitalism but its actually an Autocratic Dictatorship
with Goldman and JP and whatever in charge.
we have no choice right now but to grin and bear it but it is 100% RIGGED system with the rig showng up in these unusual betas and biases (DOWN) around macroeconomic triggers.