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RE: What is going on today?

in #market6 years ago

A number of stocks are getting hammered on Wall Street. Amazon, for one is down $135 today including after hours trading. This is after reaching highs of over $2,000 just in the last month.

Much credit for the drop in stocks is because of the raise in interest rates. This is supposed to make the (supposedly more stable) bonds more attractive as investments which pulls money out of stocks. Short terms rates have been very close to the long term rates. When those invert, it's normally a signal for a recession.

Tether is supposedly printing another 200 million in USDT. Can't help but think that with the other (potentially more reputable) stable coins being introduced that Tether is trying to cash in while they can. As far as I know, no audit has yet been conducted. Just my opinion, but USDT still seems like an unwise investment.

A number of people are writing posts encouraging people to head over to Coinbase and vote for Steem to be listed on the exchange. Some people are reporting that they don't have the ability to vote as CB isn't giving them the option.

"And that's your news for the day! I'm your host, @themanwithnoname. Join us again tomorrow for another update on the happenings of the world. Until then, stay safe out there!" :)

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