Bridger PenningtonFund Launch & Investment Expert

Market manipulation?

7 Aug 2024 · 1 min

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This content was created by Bridger Pennington. This content was uploaded by Bridger Pennington. This is a YouTube video titled "Market manipulation?" (uploaded 2024-08-07) consisting of a single-speaker commentary about recent trading-platform outages during a sharp market drop. The speaker notes that at least six platforms went down (calling out Charles Schwab's retail accounts while institutional accounts reportedly remained fine), questions whether this could be market manipulation, compares it to the Robinhood/AMC/GameStop/Citadel episode, and invites viewer comments. Metadata indicates content_type=YOUTUBE and includes a thumbnail URL.

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This is crazy. At least 6 trading platforms went down yesterday during this kind of small black Monday we just saw. One of them, Charles Schwab, actually went down. I was curious. I actually talked to a buddy that runs like an institutional account on Charles Schwab. He said their institutional account was totally fine. No problems. It was only retail accounts that had problem at Charles Schwab. At least that was from what he told me. And they manage, you know, hundreds of millions of billions of dollars across their portfolios. Very interesting. Is this market manipulation? Is this similar to like the Robinhood scenario when they stopped buy orders? Remember on AMC and GameStop so that Citadel could front-run those trades? This is wild. If this is truly market manipulation, this is crazy. Comment down below what you guys think.