zugzwang Posted February 6, 2018 Share Posted February 6, 2018 41 minutes ago, Sancho Panza said: Bull trap? People have been saying the same about Japan for twenty years.It's still hobbling along with the JGB owning something 40% of govt issuance. We need the A team. For all its faults, Japan still has the world's most advanced industrial economy and is home to an enormous pool of domestic savings. By comparison, the UK is a wasteland of jerry-built slum housing and saves nothing. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted February 6, 2018 Share Posted February 6, 2018 14 minutes ago, zugzwang said: For all its faults, Japan still has the world's most advanced industrial economy and is home to an enormous pool of domestic savings. By comparison, the UK is a wasteland of jerry-built slum housing and saves nothing. Fair points all. Quote Link to comment Share on other sites More sharing options...
John51 Posted February 6, 2018 Share Posted February 6, 2018 4 hours ago, TonyJ said: Credit Suisse blow-up. http://www.forexlive.com/news/!/the-xiv-is-going-to-be-the-first-big-etf-blowup-and-credit-suisse-is-getting-hit-hard-20180206 Some of the comments in that article talk about the automatic trading programs going into a loss making loop. Reminds me of Betfair in it's early days. The wide boys found lots of ways to exploit Betfairs code and the poorly written bots that some traders used. If there is an exploitable flaw in trading software, it will be exploited. Quote Link to comment Share on other sites More sharing options...
Castlevania Posted February 6, 2018 Share Posted February 6, 2018 There's an excellent* reddit called Wall Street Bets. There's a chap on there that apparently lost US$4m shorting the VIX yesterday. *as in amusing. Quote Link to comment Share on other sites More sharing options...
sisyphal Posted February 6, 2018 Share Posted February 6, 2018 24 minutes ago, Castlevania said: There's an excellent* reddit called Wall Street Bets. There's a chap on there that apparently lost US$4m shorting the VIX yesterday. *as in amusing. Jeesh. 23 year old kid from Singapore lost >$3m. Despite the title, he seems to be taking it well. Quote Link to comment Share on other sites More sharing options...
Sour Mash Posted February 6, 2018 Share Posted February 6, 2018 The stock markets are basically panicking that the global economy might be recovering and thus the seemingly endless flow of cheap money which has largely found a home in speculation and assets might be about to get restricted, and expensive. Well, no danger of that. The 'recovery' is built on cheap, easy money so any attempt to act as if it were an actual recovery will choke it off pronto, quickly leading to more money printing and even more central-bank provided support for the markets. Quote Link to comment Share on other sites More sharing options...
Noallegiance Posted February 6, 2018 Share Posted February 6, 2018 (edited) The Beeb have twice trotted out the line today that the selloff started because of the good US jobs and wage data at the end of last week stoking fears that interest rates will rise because the US economic fundamentals are strong. Ahem. No mention of bond rates already rising and record debt at all levels meaning that bank rates can't move anywhere but down otherwise it's game over. The alternative is raise them, mass defaults, pin it all on Trump, say hello to socialism. I guess they can't be seen to stoke the fire by giving people another reason to sell now, sell everything. Quickly. Edited February 6, 2018 by Noallegiance Spelling Quote Link to comment Share on other sites More sharing options...
honkydonkey Posted February 6, 2018 Share Posted February 6, 2018 47 minutes ago, Castlevania said: There's an excellent* reddit called Wall Street Bets. There's a chap on there that apparently lost US$4m shorting the VIX yesterday. *as in amusing. Had to go have a look: Quote Link to comment Share on other sites More sharing options...
zugzwang Posted February 6, 2018 Share Posted February 6, 2018 Back-to-back 1000 point drops on the Dow?? Healthy correction... the fundamentals are strong... wibble. Quote Link to comment Share on other sites More sharing options...
rantnrave Posted February 6, 2018 Share Posted February 6, 2018 Sterling taking a hammering Quote Link to comment Share on other sites More sharing options...
luvadealme Posted February 6, 2018 Share Posted February 6, 2018 serious question, worth considering liquidating contents of a SIPP in order to re-buy later down the line, or best to hold nerve? Quote Link to comment Share on other sites More sharing options...
Unmoderated Posted February 6, 2018 Share Posted February 6, 2018 23 minutes ago, honkydonkey said: Had to go have a look: Wow Quote Link to comment Share on other sites More sharing options...
hotblack42 Posted February 6, 2018 Share Posted February 6, 2018 24 minutes ago, honkydonkey said: Had to go have a look: Impressive. Twice the rate that Lesson lost money - on the other hand Leeson lost $2m every day, for 2 years.. Just goes to show the foolishness that can bubble up unnoticed in a long bull run. Shorting Volatility Indices FFS. I mean what possible social value is there in doing that, even if it works? Quote Link to comment Share on other sites More sharing options...
Houdini Posted February 6, 2018 Share Posted February 6, 2018 37 minutes ago, Sour Mash said: The stock markets are basically panicking that the global economy might be recovering and thus the seemingly endless flow of cheap money which has largely found a home in speculation and assets might be about to get restricted, and expensive. Well, no danger of that. The 'recovery' is built on cheap, easy money so any attempt to act as if it were an actual recovery will choke it off pronto, quickly leading to more money printing and even more central-bank provided support for the markets. Yep 10 years of kicking the can down the road means that there is little left to build on. Quote Link to comment Share on other sites More sharing options...
BudoBear Posted February 6, 2018 Share Posted February 6, 2018 On the 33rd day of the year (last friday) the Dow fell 666 points! Hmm. I'll be in the garage making tin foil hats, let me know if you'd like to place an order ;¬) Despite the conspiratardiness of the above, it does kinda hint that it was orchestrated. Many other crashes have had elite 'fingerprints' all over them! Quote Link to comment Share on other sites More sharing options...
darkmarket Posted February 6, 2018 Share Posted February 6, 2018 Quote Wall Street rally picks up pace Go Wall Street! This is what the Guardian is reduced to. Fortunately the dead cat bounce isn't fooling anyone else. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted February 6, 2018 Share Posted February 6, 2018 3 hours ago, BudoBear said: On the 33rd day of the year (last friday) the Dow fell 666 points! Hmm. I'll be in the garage making tin foil hats, let me know if you'd like to place an order ;¬) Despite the conspiratardiness of the above, it does kinda hint that it was orchestrated. Many other crashes have had elite 'fingerprints' all over them! And....Mars is in Uranus Quote Link to comment Share on other sites More sharing options...
Kosmin Posted February 6, 2018 Share Posted February 6, 2018 Risk on Quote Link to comment Share on other sites More sharing options...
kzb Posted February 6, 2018 Share Posted February 6, 2018 3 hours ago, BudoBear said: On the 33rd day of the year (last friday) the Dow fell 666 points! Hmm. I'll be in the garage making tin foil hats, let me know if you'd like to place an order ;¬) Despite the conspiratardiness of the above, it does kinda hint that it was orchestrated. Many other crashes have had elite 'fingerprints' all over them! Great spot BudoBear I love stuff like this. Seriously folks, just notice how often those digits 33 crop up. Quote Link to comment Share on other sites More sharing options...
GeordieAndy Posted February 6, 2018 Share Posted February 6, 2018 (edited) 3 minutes ago, kzb said: Great spot BudoBear I love stuff like this. Seriously folks, just notice how often those digits 33 crop up. Edited February 6, 2018 by GeordieAndy Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted February 6, 2018 Share Posted February 6, 2018 3 hours ago, Noallegiance said: The Beeb have twice trotted out the line today that the selloff started because of the good US jobs and wage data at the end of last week stoking fears that interest rates will rise because the US economic fundamentals are strong. Ahem. No mention of bond rates already rising and record debt at all levels meaning that bank rates can't move anywhere but down otherwise it's game over. The alternative is raise them, mass defaults, pin it all on Trump, say hello to socialism. I guess they can't be seen to stoke the fire by giving people another reason to sell now, sell everything. Quickly. Lets not get carried away....aired in May 2010. Quote Link to comment Share on other sites More sharing options...
thewig Posted February 6, 2018 Share Posted February 6, 2018 1 hour ago, kzb said: Great spot BudoBear I love stuff like this. Seriously folks, just notice how often those digits 33 crop up. No one from the #vileBBC has ever told me to believe this so it can’t exist you tin foil hatted loon Quote Link to comment Share on other sites More sharing options...
Noallegiance Posted February 6, 2018 Share Posted February 6, 2018 1 hour ago, Roman Roady said: Lets not get carried away....aired in May 2010. Talk about missing the point. Quote Link to comment Share on other sites More sharing options...
AdamoMucci Posted February 6, 2018 Author Share Posted February 6, 2018 Paul Tudor Jones saying market temperament reminds him of Japan 89 or US 99. Carl Icahn saying he thinks the market will get out of this. However, it is the rumblings before the big earthquake. He is seeing things that are indicative of some serious leverage problems due to systemic setup and this action is a precursor. There is going to be a "major, major correction" but he has no idea when. Quote Link to comment Share on other sites More sharing options...
AdamoMucci Posted February 6, 2018 Author Share Posted February 6, 2018 People talk about improving global economy but to me that is just what will make a major correction possible. For the last 9 years so many people have been scared the instant there is any sort of down move. Still with memories of 08 and nagging doubts things are still not back to normal. Making correction impossible. Too much negative sentiment. Now though we are heading into a situation where, in the face of a correction like this, we have people on TV saying "yes but the economy is starting to look really good, we are heading back to good times". Complacency/confidence much more likely in coming months. Quote Link to comment Share on other sites More sharing options...
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