why are future prices of stocks in the US dropping in the past hour or so? have lost 200 points in the past hour or so. why?
this is at 4 a.m. EST. ...prices for Dow futures were nearly 400 points and now they are nearly 250 points lower at 158 points just in a little over an hour later. but had been increasing over night until just an hour or so ago and then a sell off? why? was this an overnight "pump and dump" by large banks?
- kswck2Lv 71 month agoFavourite answer
Futures are merely Speculation of what prices will be at some future point. This is why you should NEVER invest there. Pump and Dump is illegal by the SEC, people go to jail for it.
But Futures are based on Feelings, rather than actual facts.
- SumDudeLv 71 month ago
Above the intrinsic value of the stocks (based on the value of the company and its future income and value) the stockmarket is a game of speculation.
- JJLv 71 month ago
Good opportunity to scoop up as much as you can.