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Erm...footsie Down 1% At 8:57Am


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Not sure we have a PPT.

I think the trend now is to quickly halt trading and 'correct' the trades to 'what we know they should be'. Free markets, apparently.

It's a bit like old Eastern Bloc elections; a man votes for the candidate he prefers, who is not the one reccomended by the Party. When he tells his wife on getting home, she panics and tells him to go back to the polling booth and tell them he made a mistake. When he gets there, the officials tell him, 'It's OK, we corrected your vote for you..'

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I think the trend now is to quickly halt trading and 'correct' the trades to 'what we know they should be'. Free markets, apparently.

It's a bit like old Eastern Bloc elections; a man votes for the candidate he prefers, who is not the one reccomended by the Party. When he tells his wife on getting home, she panics and tells him to go back to the polling booth and tell them he made a mistake. When he gets there, the officials tell him, 'It's OK, we corrected your vote for you..'

:D

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I think the trend now is to quickly halt trading and 'correct' the trades to 'what we know they should be'. Free markets, apparently.

It's a bit like old Eastern Bloc elections; a man votes for the candidate he prefers, who is not the one reccomended by the Party. When he tells his wife on getting home, she panics and tells him to go back to the polling booth and tell them he made a mistake. When he gets there, the officials tell him, 'It's OK, we corrected your vote for you..'

This does help stop instability as the correct decision is always made.

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Holding on to the losses looks like a bad day at the office all round

Name Price Chg %Chg

FTSE 100 5690.8 -129.61 -2.23%

Dow Jones IA 11034.78 -167.19 -1.49%

NASDAQ 2471.84 -41.98 -1.67%

DAX 30 6671.93 -118.24 -1.74%

CAC 40 3766.06 -98.18 -2.54%

AEX 579.84 -10.39 -1.76%

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Big shake out today:

FTSE All Share 2937.29 -64.82 -2.16%

Dow Jones 10994.59 -207.38 -1.85%

1 GBP 1.58638 1.17477

GOLD: 1330.3 -30.20 -2.22%

http://finance.yahoo.com/news/Soros-Cuts-Gold-Holdings-for-bloomberg-958756394.html?x=0&sec=topStories&pos=8&asset=&ccode=

.

Soros Cuts Gold Holdings for Third Straight Quarter as Paulson Holds Bet
.
Chanyaporn "Chinky" Chanjaroen, On Tuesday November 16, 2010, 3:11 am EST
George Soros, who’s described gold’s surge as the “ultimate asset bubble,” cut his holdings in the SPDR Gold Trust for a third quarter, while rival fund manager John Paulson stuck with his bet by maintaining the largest stake.
Edited by Realistbear
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Gentleman - what is your reasoning for today's small drops after weeks of rises?

Profit taking? Eire/Europe? Something else?

People are noting the elephants are still in the room.

The EZ cannot continue with the imbalances. The $ will prove to be a safe haven again as the Euro starts to falter. Gold top seen by George "big George" Soros. Major risk in the makets--sell stocks and anythign perceived to be in a bubble.

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Gentleman - what is your reasoning for today's small drops after weeks of rises?

Profit taking? Eire/Europe? Something else?

http://www.rthk.org.hk/rthk/news/englishnews/20101117/news_20101117_56_713160.htm

HK-mainland stocks tumble

17-11-2010

Hong Kong and mainland shares have tumbled on concerns about possible mainland monetary tightening by Beijing. The Hang Seng Index lost 334 points to close on Tuesday at 23,693. Turnover was HK$101.88-billion. Shanghai's Composite Index plummeted after central bank governor Zhou Xiaochuan highlighted the government's concerns over rising inflationary pressure. It closed down 119 points at a one-month low of 2,894.

Maybe the reason, who knows. Chinese property bubble, has to burst still?

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People are noting the elephants are still in the room.

The EZ cannot continue with the imbalances. The $ will prove to be a safe haven again as the Euro starts to falter. Gold top seen by George "big George" Soros. Major risk in the makets--sell stocks and anythign perceived to be in a bubble.

Didn't Soros say gold was a top several months ago? Or has he said something recently on the matter?

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http://www.rthk.org.hk/rthk/news/englishnews/20101117/news_20101117_56_713160.htm

HK-mainland stocks tumble

17-11-2010

Hong Kong and mainland shares have tumbled on concerns about possible mainland monetary tightening by Beijing. The Hang Seng Index lost 334 points to close on Tuesday at 23,693. Turnover was HK$101.88-billion. Shanghai's Composite Index plummeted after central bank governor Zhou Xiaochuan highlighted the government's concerns over rising inflationary pressure. It closed down 119 points at a one-month low of 2,894.

Maybe the reason, who knows. Chinese property bubble, has to burst still?

Did China raise IRs over the weekend as was forecast?

So China is tightening money supply whilst the US, and the UK/Europe to a lesser extent, is printing?

How's that work then?

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George Soros, who’s described gold’s surge as the “ultimate asset bubble,” cut his holdings in the SPDR Gold Trust for a third quarter, while rival fund manager John Paulson stuck with his bet by maintaining the largest stake.[/indent]

RB called for black friday, rk called for black monday. Whatta ya know? It's black tuesday.

Soros likes bubbles. Part of his 'reflexivity' method...

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Didn't Soros say gold was a top several months ago? Or has he said something recently on the matter?

Ah,

Soros cuts position in 'ultimate asset bubble' gold

Read more: http://www.investmentweek.co.uk/investment-week/news/1898150/soros-cuts-position-ultimate-asset-bubble-gold#ixzz15T0jyEeI

Investment Week - News and analysis for investment advisors and wealth managers.

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Did China raise IRs over the weekend as was forecast?

So China is tightening money supply whilst the US, and the UK/Europe to a lesser extent, is printing?

How's that work then?

I don't follow it closely, judge by Chinas actions rather than words. As far as I am concerned, they're refusing to revalue "up" their yuan.

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Money doesn't know where to go. So its a short/medium term traders playround.

All I am seeing is lots of people - i.e. fund managers/investors - who are incredibly nervous about whatever they invest in and who see commodities as safest bet.

Another crash in the markets could see a lot of these boys looking for jobs so they go to metals, oil, wheat. Just my two cents on things - could be compeltely wrong.

It is beginning to feel a bit more like Autumn 2008 again.

Anyone know what the hedge funds are doing? BBC News reported yesterday that UK retailers are being heavily shorted.

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  • 420 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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