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Japan stocks dive 4,451 points, more than Black Monday in 1987
(asia.nikkei.com)
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this post was submitted on 05 Aug 2024
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Well it's also caused the US market to dive, even overnight. Looks like the big correction is finally biting down.
Robinhood killed 24 hour trading. Dip is apparently being bought now that premarket is open. Very sketchy tho.
I think at this point anyone still on Robinhood knows what they're getting into. If after turning off the buy button you didn't get a big boy broker, that's on you.
The other brokers didn't need to turn off the buy button because they didn't extent free credit to anyone with a pulse
I think the real Robinhood is rolling in his grave. And his merry men as well, they're all spinning in their collective, fictional graves.
Which ones would you recommend?
I use Fidelity and Vanguard. Fidelity's trading app is fantastic.
What's robinhood have to do with the market dunking overnight? I can't fathom any real relation.
It's the largest 24 hour brokerage in the US. There was too much sell volume, that their execution venue had to stop it which is a pretty big deal.
Largest by individual accounts, maybe. No way were enough robinhood users watching Japan's market in the dead ass of the middle of the night to sell off all those billions worth of stocks to make such a dive. Those hits were taken due to institutional sellers.