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13 of the 24 stars earned

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General < General
wtf does this MEAN ?????
Kit
National star



"Among the answers: increasingly sturdy positioning including well-provisioned hedges, a watershed moment for chart watchers, and several less-than-terrible earnings reports. Throw in some short covering, and the result was a trough-to-peak run-up in S&P 500 futures that reached 5.6% at its widest."


LITERALLY i am in tears right now i am TOO STUPID for this ! none of those are real words ! y'all just making this up !
Private
National star



context pls

Also I dont know shit about trading and shares so I'm probably not the best person to help.
Private
Popstar



Idk makes no sense to me but also I am very much a skim reader
Kit
National star



Sylvan wrote:
context pls

Also I dont know shit about trading and shares so I'm probably not the best person to help.
its an article about why the stock market dropped hella and then jumped hella right after
Kit
National star



ouch wrote:
Idk makes no sense to me but also I am very much a skim reader
i promise even if u paid attention it would still make no sense. its just finance bro word salad
Private
Living legend



I was convinced it was abt hedges nd sheds, some gardenin paper, until I came half way thru nd decided to giv up
Private
Minister of Pop



As a person that got to study some business and dropped out, I might still remember some shit but this is a really uppity way of saying it and overcomplicating it, ugh
Kit
National star



Abby wrote:
As a person that got to study some business and dropped out, I might still remember some shit but this is a really uppity way of saying it and overcomplicating it, ugh
yeah dude thats why it was so frustrating bc im like. if you weren't TRYING to make this as complicated and dense as possible i might understand it 
Private
National star



hedge funds borrow stocks when they think a company isn't doing well, promise they'll sell back to investors at a certain price, when it goes higher they sell for a profit, and then with goes low buy it back, and then they sell it to the investor they made the promise to. this is short selling. short covering is buying the stock back to return it to the investor. i guess if a lot of hedge funds did this for a lot of companies it can drop and rise quickly
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