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Tech Firm Creates Trump Monitor For Stock Markets (reuters.com)
randomErr quotes a report from Reuters: London-based fintech firm Trading.co.uk is launching an app that will generate trading alerts for shares based on Donald Trump social media comments. Keeping one eye on the U.S. President-elect's personal Twitter feed has become a regular pastime for the fund managers and traders. Trump knocked several billion off the value of pharmaceutical stocks a week ago by saying they were "getting away with murder" with their prices. Comments earlier this week on China moved the dollar and a pair of December tweets sent the share prices of Lockheed Martin and Boeing spiraling lower. That plays to the growing group of technology startups that use computing power to process millions of messages posted online every day and generate early warnings on when shares are likely to move. Trading.co.uk chief Gareth Mann said the Trump signal generator used artificial intelligence technology to differentiate between tweets or other messages that, for example, just mention Boeing and those liable to move markets.
The really worrying thing is that he is so easy to trigger. His favourite news site is breitbart, and Twitter is largely unfiltered. How long until someone engineers a stock crash for their own monetary benefit?
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SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
I just assumed he was doing this so his buddies can short the stocks
If the soon-to-be head of the Executive makes statements that look like they're going to lead to interference in a business's activities, you're saying there ought not be some sort of inevitable alteration in that company's overall trading performance? I'm not really sure you understand what stocks are, or what a stockmarket is.
The world's burning. Moped Jesus spotted on I50. Details at 11.
Stocks were intended to be shares in a company that provided dividends in return for investment. What they actually are is gambling. People trade based on what they think a share will do and not really whether the company will actually make money. Thus when he said they were overvalued anyway he is stating the truth based on what stocks were intended to be. I remember when I thought about investing 10 grand in Amazon back in the early days. I teetered on the edge for days but finally resisted. I just couldn't bring myself to buy into something that was little more than a script running on a server. At the time they had no warehouses and distribution centers. I'm still kicking myself.
1. As a senator, Hillary voted for the Iraq war.
2. As secretary of state, she supported the intervention in Libya.
3. She advocated for deeper American involvement in Syria.
All of these have been unmitigated disasters for America, so her judgement doesn't appear to be so good.
I expect Trump to be a terrible president, but his preference for non-interventionism in foreign affairs is one of his few good points. Another good point about his presidency is the entertainment value. Popcorn sales should go way up. Hillary would have been dull.
The Chinese are more interested in the personal than the position. They are more likely to take Trump's insults as his word instead of dismissing his bullshit as "locker room banter".
Imperial Japan was different in a lot of ways, but the lesson of rattling sabres at them too many times resulting in the Pearl Harbor attack still applies. What we see as bluffs and bluster can be seen as serious threats that must be addressed for fear of being seen as being weak domestically and being in danger of being replaced.
If (ok, being stupid here, it has to be "when") Trump insults Xi personally then Xi has to take some sort of action or he'll soon lose his hold on power as someone else steps up to replace the "weak" leader. I can see it escalating to a cold war and proxy war level very quickly. Sadly that trust fund baby draft dodger just does not have a fucking clue about it.