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Yikes! Look At Ig Spread Betting Dow Jones Figures


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I've got the futures at -297 now, but currencies are fairly stable.

If that plays out then the predictions that it would be equities not treasuries that got creamed by the S&P downgrade of the US would be confirmed. Presumably the view is that the likely outcome is that the cost of all US borrowing is set to rise (ie higher interest rates) which will dent corporate profits.

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If that plays out then the predictions that it would be equities not treasuries that got creamed by the S&P downgrade of the US would be confirmed. Presumably the view is that the likely outcome is that the cost of all US borrowing is set to rise (ie higher interest rates) which will dent corporate profits.

but why wasn't that already priced in?

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Here are some updates from twitter on what has been happening so far.

There is an S&P500 futures market which has just opened down 28 points or 2.3%. Thin markets maybe but a guide for the US stock market
The American stock market does trade in Asian time and is currently down some 257 points in Dow Jones terms

@notayesmansecon

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I don't understand, although i feel that i might do - but no I don't

could you explain purlease kindly? cheers :)

Maybe it was priced in. Maybe the action of the last ten days was 'in response to' the downgrade on Friday?

I've gone contrarian and opened a few positions against the trend. I'm so confident I'll probably spend the night with my finger on the 'Close' button. :)

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being reported now on bloomberg

G7 agree via conference call, liquididity increase and to look after USA.

the markets dont look good though

i dont think it will be a black monday, it will take a few days for it to fall probably wednesday before the plug is pulled on a big market during trading hours

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http://tvnz.co.nz/business-news/nz-stockmarket-slumps-open-4341859

New Zealand's stock exchange lost 3.3% or over $1.3 billion in value straight after opening at 10am today.

I was thinking that the IG spreads were a little pessamistic, I was thinking a fall of 50-60 points today on the FTSE, but maybe we're in for a pounding today.

I'm surpirsed no-one has called 'Black Monday' yet?

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I was thinking that the IG spreads were a little pessamistic, I was thinking a fall of 50-60 points today on the FTSE, but maybe we're in for a pounding today.

I'm surpirsed no-one has called 'Black Monday' yet?

There is one somewhere.

The market looks 'undecided, the earlier bounce was stopped.

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The market looks 'undecided, the earlier bounce was stopped.

Rabbits in the head light..

VIX still only at 40, but I wouldn't be surprised if we start testing the highs of early 2010, and possibly even getting close to the 90s we hit during 2008.

eating_popcorn.gif

Edited by libspero
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Gold has decided ... something. Up to $1711 atm.

Not bad considering it "peaked" at $1650

Or $1625

Or $1600

Or $1590

etc. etc.

So your advice is to buy gold after it's rallied to unsustainable levels?

Well I know very little about gold trading, but it looks like a big sell at the moment - cash in the chips time.

gold has reached its peak

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