Its not the math, its the
derivatives. Options MMs aren't going to give retail any money when they can print unlimited shares for free (and with no consequences).
Then Put holders want to drive down the SP to force their contracts into the money. It'll all end one day, but right now we're in this rut. The negative news cycle is cheap to create when compared to the profits they make by being short.
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Shortzes and wedgies pushed the SP down to tag the 10-day Moving Average
MA(10). Doing what it takes to keep the T/A traders short narrative alive, while waiting for the FED meeting in Nov.