interestrateripoff Posted October 30, 2009 Share Posted October 30, 2009 The stock market is seeing huge swings at the moment, what the hell is going on? Anyone got any ideas? What's spooked the market to be so volatile? Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted October 30, 2009 Share Posted October 30, 2009 Looks like wholesale collapse - first to exit loses the least. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 30, 2009 Author Share Posted October 30, 2009 Looks like wholesale collapse - first to exit loses the least. How can there be a collapse, the world has exited recession the media told me so. Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted October 30, 2009 Share Posted October 30, 2009 http://www.bloomberg.com/apps/news?pid=20601087&sid=alpsMUakmwOI Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 30, 2009 Author Share Posted October 30, 2009 http://www.bloomberg.com/apps/news?pid=20601087&sid=alpsMUakmwOI So CIT is about to go under. Another bank about to go pop, FDIC must be getting worried. Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted October 30, 2009 Share Posted October 30, 2009 The fundamentals simply aren't there - and the feckwitted investors are only just realising along with their feckwitted economist pals. An interesting week ahead. And thank goodness I'm not playing the stock markets! Quote Link to comment Share on other sites More sharing options...
neil324 Posted October 30, 2009 Share Posted October 30, 2009 Does'nt this day have some significance from 1929. Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted October 30, 2009 Share Posted October 30, 2009 CIT are on the verge... Surely just a matter of days. Quote Link to comment Share on other sites More sharing options...
_w_ Posted October 30, 2009 Share Posted October 30, 2009 CIT are on the verge... Surely just a matter of days. CIT just halted. Quote Link to comment Share on other sites More sharing options...
leicestersq Posted October 30, 2009 Share Posted October 30, 2009 The fundamentals simply aren't there - and the feckwitted investors are only just realising along with their feckwitted economist pals. An interesting week ahead. And thank goodness I'm not playing the stock markets! There is lots to be worried about all over the world. It seems to me that relatively, the UK is in pretty good shape. The US is the real basket case. All of the banks there are underwater. They have been kept alive by the Fed. Now if someone were to audit the Fed, and find out that they have exceeded their legal mandate, then all the big banks would go pop. Lets hope they dont audit the Fed then. Oh my, support is growing in Congress to.....Audit the Fed. It may be that the Fed has the right policy. But that wont matter. If they have broken the law to carry out the right policy, then you can bet your boots that the authorities will want to be seen to be following a legal policy, even if that is the wrong thing to do. The US has a real possibility of financial collapse from here. Ironically, if there is a collapse, one of the best things to own would be land. Better than gold even. Quote Link to comment Share on other sites More sharing options...
piece of paper Posted October 30, 2009 Share Posted October 30, 2009 Looks like wholesale collapse - first to exit loses the least. Just fiddling about at the moment. We had far more dramatic downs last October. Maybe November is the new October? After a year of government interventions, perhaps the markets will disembowel themselves properly this time. p-o-p Quote Link to comment Share on other sites More sharing options...
Toilet-Currency Posted October 30, 2009 Share Posted October 30, 2009 (edited) The stock market is seeing huge swings at the moment, what the hell is going on? Anyone got any ideas? What's spooked the market to be so volatile? -3% in one day: well it's a reasonable move but doesnt bear comparison with volatility of Oct/Nov 2008. But even so, this is was happens when you get a technical and program-trading driven rally of 60% on shakey foundations, small volume and all that recovery bullsh*t. If it gathers a bit of momentum, there wont be any buyers stepping in. First to exist loses the least, only one to exit Edited October 30, 2009 by Toilet-Currency Quote Link to comment Share on other sites More sharing options...
mew too Posted October 30, 2009 Share Posted October 30, 2009 there's been a def shift in the markets in last few days, the risk-off trade is back, as the gains from one-day wonder yesterday are totally reversed, how many times has this happened since march low = zero Quote Link to comment Share on other sites More sharing options...
_w_ Posted October 30, 2009 Share Posted October 30, 2009 Fascinating stuff. Euro barely budging, if anything going up with gold when SHTF moment begins. There are a few preconceptions being challenged here. Quote Link to comment Share on other sites More sharing options...
Zzzzzzzzzzzzzzzzzzzzzzzzzz Posted October 30, 2009 Share Posted October 30, 2009 There is lots to be worried about all over the world. It seems to me that relatively, the UK is in pretty good shape. The US is the real basket case. All of the banks there are underwater. They have been kept alive by the Fed. Now if someone were to audit the Fed, and find out that they have exceeded their legal mandate, then all the big banks would go pop. Lets hope they dont audit the Fed then. Oh my, support is growing in Congress to.....Audit the Fed. It may be that the Fed has the right policy. But that wont matter. If they have broken the law to carry out the right policy, then you can bet your boots that the authorities will want to be seen to be following a legal policy, even if that is the wrong thing to do. The US has a real possibility of financial collapse from here. Ironically, if there is a collapse, one of the best things to own would be land. Better than gold even. Erm, no... http://ftalphaville.ft.com/blog/2009/10/30/80456/uk-economy-like-an-episode-eastenders-says-morgan-stanley/ Quote Link to comment Share on other sites More sharing options...
leicestersq Posted October 30, 2009 Share Posted October 30, 2009 Erm, no... http://ftalphaville.ft.com/blog/2009/10/30/80456/uk-economy-like-an-episode-eastenders-says-morgan-stanley/ gruffyd, what were you saying no to? The UK economy shrank only slightly in the last quarter, not much behind the US. Unemployment seems to have stopped its dramatic rises, and is lower than a lot of trouble countries. Somehow, gravity has been defied, house prices have held up, keeping our banks solvent, so much in fact that Lloyds no longer want the taxpayer to underwrite the risk on a lot of its loans. A weaker pound will also help the economy grow over the coming months. Things arent great, but they are worse elsewhere, thats for sure. I wouldnt want to swap our prospects with that of the US, thats for sure. Quote Link to comment Share on other sites More sharing options...
piece of paper Posted October 30, 2009 Share Posted October 30, 2009 gruffyd, what were you saying no to? The UK economy shrank only slightly in the last quarter, not much behind the US. Unemployment seems to have stopped its dramatic rises, and is lower than a lot of trouble countries. Somehow, gravity has been defied, house prices have held up, keeping our banks solvent, so much in fact that Lloyds no longer want the taxpayer to underwrite the risk on a lot of its loans. A weaker pound will also help the economy grow over the coming months. Things arent great, but they are worse elsewhere, thats for sure. I wouldnt want to swap our prospects with that of the US, thats for sure. Are you sure that you wouldn't want some of their military might when negotiations are not getting anywhere at 1159? p-o-p Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 30, 2009 Author Share Posted October 30, 2009 Are you sure that you wouldn't want some of their military might when negotiations are not getting anywhere at 1159? p-o-p We'd have the saviour of the world negotiating what could possible go wrong. He has the midas touch and has always delivered. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted October 30, 2009 Author Share Posted October 30, 2009 FTSE 100 5044.55 down -93.17 -1.81% Dow Jones 9731.55 down -231.03 -2.32% From BBC at time of posting. All hell ready to break lose next week or will our magicians steady the ship again? Quote Link to comment Share on other sites More sharing options...
D.C. Posted October 30, 2009 Share Posted October 30, 2009 Must be great to be Goldman Sachs right now. Want some more funny money? Just do a bit of selling on a Friday, get a new stimulus before opening on Monday. Quote Link to comment Share on other sites More sharing options...
mew too Posted October 30, 2009 Share Posted October 30, 2009 Must be great to be Goldman Sachs right now. Want some more funny money? Just do a bit of selling on a Friday, get a new stimulus before opening on Monday. i dunno, somethings changed, am leaning more to a continuation of the selling on monday, the vix is up 25pct today, the demand for options hedging is high, the market ain't buying the stimulus anymore, the gdpfigs were an excuse for officials to ramp, but underlying consumer confidence is down, theres a few people on bloomberg calling for a crash, the market is spooked Quote Link to comment Share on other sites More sharing options...
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