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A comment on S&P 500 triggers 15-minute trading halt for the second time this week. Parent comment

Re:S&P 500 triggers 15-minute trading halt for the second ti... by qubex on Thursday March 12, 2020 @09:50AM (#22556803)
Yours was a widespread conviction born of the idea that bitcoin and other crypto-assets would be seen as de-correlated safe-havens for funds drawn from volatile traditional equity markets.

The simultaneous drop in value is the very textbook definition of correlation, and therefore suggests that the same decision processes (perhaps even the same decision-makers) are operating in both types of markets and that, consequentially, bitcoin and crypto-assets are factually not alternatives at all.

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Re:S&P 500 triggers 15-minute trading halt for the second ti... by solotronics on Thursday March 12, 2020 @09:52AM (#22556815)
Even more interesting is Bitcoin has been a leading indicator for tech stocks for some time now. Bitcoin drops often led FANG drops by a few days.
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Re:S&P 500 triggers 15-minute trading halt for the second ti... by qubex on Thursday March 12, 2020 @09:56AM (#22556863)
One of the prevailing ideas in several theories of financial market agent behaviour is that crashes occur when all or at least most participants’ horizons synchronise, leading to everybody acting on the same information uniformly. This is likely what is occurring: probably most investors are focussing on the here-and-now and thus on stopping their losses and/or reducing their exposure to risk.
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Re:S&P 500 triggers 15-minute trading halt for the second ti... by engineeringwoke on Thursday March 12, 2020 @03:07PM (#22560538)
Makes sense. Good thought
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Re:S&P 500 triggers 15-minute trading halt for the second ti... by drcongo on Thursday March 12, 2020 @10:21AM (#22557126)
Excellent reply, thank you.
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Re:S&P 500 triggers 15-minute trading halt for the second ti... by jules-jules on Thursday March 12, 2020 @12:23PM (#22558431)
The initial 2008 sell-off just like now also affected Gold negatively, although much less than Bitcoin now. I think BTC could be seen in a few years as a hedge against the USD.
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