suntory Posted August 24, 2015 Author Share Posted August 24, 2015 What would happen if the Saudis depeg from the Dollar over night? I am asking this because maintaining the peg must become increasingly costly at this stage for the Saudis. Why would they want to hang on to the peg when their main trading partner is China? Also, why would they want to insist on payment in USD when, what they really want is the shiny stuff? Considering Saudi control over the oil price, I am wondering what the end game here really is? Are the Saudis setting themselves up for a divorce? The global economic chess game unfolding is truly fascinating. Quote Link to comment Share on other sites More sharing options...
billybong Posted August 24, 2015 Share Posted August 24, 2015 (edited) DJIA nearly regained all its losses (currently only 0.7% down). US stockmarket decoupling from the rest of the world. If the US can ride such big falls elsewhere then maybe an interest rate rise can be justified. Edited August 24, 2015 by billybong Quote Link to comment Share on other sites More sharing options...
suntory Posted August 24, 2015 Author Share Posted August 24, 2015 DJIA nearly regained all its losses (currently only 0.7% down). US stockmarket decoupling from the rest of the world. If the US can ride such big falls elsewhere then maybe an interest rate rise can be justified. Well spotted. And perhaps this is exactly the impression that the Fed wants to create. Something like this: despite major downturn in China, US is still strong and powerful, blah blah blah, September rate hike is still on. This, undoubtly, would be the biggest pro HPC news possible as asset price bubbles across the world would finally start to implode. I mean London is imploding already but the pace would pick up. What do you think? Quote Link to comment Share on other sites More sharing options...
frederico Posted August 24, 2015 Share Posted August 24, 2015 I think the emperor has no clothes and the little boy has pointed this out. Can the US prop up the markets of the whole world? Quote Link to comment Share on other sites More sharing options...
bristolhunter Posted August 24, 2015 Share Posted August 24, 2015 That is a pretty unusual looking chart.... Was it closed for half an hour or something? Yahoo has the chart at https://uk.finance.yahoo.com/echarts?s=%5EFTSE#symbol=%5EFTSE;range=1dwith datapoints by the minute as a nice smooth graph, but then a sharp diagonal with no interruptions between 15:01 and 15:32 where it jumps about 100 points Quote Link to comment Share on other sites More sharing options...
Solitaire Posted August 24, 2015 Share Posted August 24, 2015 Something happened at that time - my son was watching the footsie and it blanked for a short while. He thought it might have been suspended. Quote Link to comment Share on other sites More sharing options...
Pablosammy Posted August 24, 2015 Share Posted August 24, 2015 Google finance seems to have the full set of data... Quote Link to comment Share on other sites More sharing options...
zugzwang Posted August 24, 2015 Share Posted August 24, 2015 Forget the dips, sell the rips! http://davidstockmanscontracorner.com/forget-the-dips-sell-the-rips/ Quote Link to comment Share on other sites More sharing options...
campervanman Posted August 24, 2015 Share Posted August 24, 2015 The UK will be just fine dumping the European markets and instead focusing on China and the emerging markets. What could possibly go wrong? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted August 24, 2015 Share Posted August 24, 2015 Dow -430 and dropping like a stone again. RK must have gone for his tea and stopped buying the dips. Quote Link to comment Share on other sites More sharing options...
Pablosammy Posted August 24, 2015 Share Posted August 24, 2015 Dow -430 and dropping like a stone again. RK must have gone for his tea and stopped buying the dips. Sharp rises again just now... is it really just market forces at work? Quote Link to comment Share on other sites More sharing options...
WideAsleep Posted August 24, 2015 Share Posted August 24, 2015 I must admit watching the US stock market has made me think this will be over tomorrow. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 24, 2015 Share Posted August 24, 2015 Sharp rises again just now... is it really just market forces at work? Quote Link to comment Share on other sites More sharing options...
WideAsleep Posted August 24, 2015 Share Posted August 24, 2015 FTSE expected to rebound on the back of the suspicious 11:50 volume of the Dow Jones. I am sceptical to be honest. Lets see what the Chinese have to say about it first. Quote Link to comment Share on other sites More sharing options...
Oliver Sutton Posted August 24, 2015 Share Posted August 24, 2015 Dow -430 and dropping like a stone again. RK must have gone for his tea and stopped buying the dips. He's used up all his ISA allowance for this year. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted August 24, 2015 Share Posted August 24, 2015 (edited) This market has changed from buy the dip to sell the rallies - fundamental change. They bumped the market up in the US today with massive buying on a day when everyone should have been panicking and selling. This ain't over yet. Edit: DOW is rolling over again currently - the big boys sold to the Fed and the markets rose. Now the big boys want to sell more stocks so they want the market down again so the PPT can come in and buy the shares off them. They are selling the rallies to the Fed. Edited August 24, 2015 by The Masked Tulip Quote Link to comment Share on other sites More sharing options...
Pablosammy Posted August 24, 2015 Share Posted August 24, 2015 This ain't over yet, DJIA moving quickly in the negative direction again. Quote Link to comment Share on other sites More sharing options...
stormymonday_2011 Posted August 24, 2015 Share Posted August 24, 2015 I see the Dow PPT has made all the posters on here look like a bunch of hysterical girlies today. Never mind there is always tomorrow and real serious bear markets don't unfold all in one day as anyone who has witnessed one will know. Quote Link to comment Share on other sites More sharing options...
suntory Posted August 24, 2015 Author Share Posted August 24, 2015 So German Bunds 10Y yields rose from 0.516 to 0.600 in a matter of minutes. Thats an increase of 16%. And, looks like we are in for another beating: oil, DOW, NASDAQ and S&P all pointing down again. Quote Link to comment Share on other sites More sharing options...
suntory Posted August 24, 2015 Author Share Posted August 24, 2015 I see the Dow PPT has made all the posters on here look like a bunch of hysterical girlies today. Never mind there is always tomorrow and real serious bear markets don't unfold all in one day as anyone who has witnessed one will know. The day aint over yet my dear. Quote Link to comment Share on other sites More sharing options...
yellerkat Posted August 24, 2015 Share Posted August 24, 2015 The day aint over yet my dear. All the indices will scream northwards in the last 20 minutes. It's like '07 / '08 all over again! Quote Link to comment Share on other sites More sharing options...
zugzwang Posted August 24, 2015 Share Posted August 24, 2015 Meltdown into the close. Dow nearing -700!! Quote Link to comment Share on other sites More sharing options...
shindigger Posted August 24, 2015 Share Posted August 24, 2015 Its going all plungey plungey again. Quote Link to comment Share on other sites More sharing options...
Silverfinger Posted August 24, 2015 Share Posted August 24, 2015 All the indices will scream northwards in the last 20 minutes. It's like '07 / '08 all over again! Hyper, hyper! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 24, 2015 Share Posted August 24, 2015 The DOW, like London house prices has been inflated by dodgy printed money and I guess some "investors" think this "new paradigm" will make them rich. We all know what's coming next, some people just dont want to accept it. Quote Link to comment Share on other sites More sharing options...
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