Plotline: world stock markets are a social engineering platform via institutional investors and algorithmic trading.
China share plunge smacks world markets; S&P, Nasdaq in correction
A near-9 percent dive in China shares sent world stocks and commodity prices tumbling on Monday, and U.S. stocks ended a volatile day with the S&P 500 and Nasdaq composite indexes sliding into correction territory.
After dropping more than 1,000 points, or almost 7 percent, at Wall Street’s open, the Dow Jones industrial average cut its losses but still finished down 3.6 percent. The Standard & Poor’s 500 index closed down 3.9 percent for the day and was 11 percent lower than its May record high.
U.S. traders had rushed for the exits in Monday’s first half-hour of trading when deepening concerns about a China-led global economic slowdown and tumbling commodities prices followed a 5 percent decline in the S&P and Dow on Thursday and Friday.
“Anybody with a pulse was nervous when the market opened,” said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.
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A young mathematician buys a seat at a notorious international trading arcade, hoping to play the market for a chance at a better life for herself and her family.
The present-day world of 2019 is beset by the tumult of nation-states, anonymous cryptocurrencies and monolithic central banks engaged in digital war games, all sides embroiled in a life-or-death struggle for ownership of critical asset flows.
She soon finds herself in a deepening spiral of calculations unraveling at the speed of machines manipulated by the world’s richest. To the untrained eye and as reported by a market-friendly mass media, the system appears maximally efficient, morally neutral, ethically impartial, and economically flawless.
A mysterious flash crash centered on developing nations causes a seismic drop in global wealth overnight. Did the money really disappear? Or was it merely a transfer of wealth to those truly in control?
Seams in the world trading facade begin to appear as our protagonist explores the depths of predatory machine logic and the compulsive human drive for material success at all costs.
Will she choose to collude with the institutions and individuals who control the world’s markets via algorithms and whisper campaigns? Or will she risk all for the sake of dismantling a rigged system upon which millions of lives depend, and billions of livelihoods are manipulated to finance the stratospheric winner-takes-all superstar lifestyles of a vanishing few?