Jump to content
House Price Crash Forum

Recommended Posts

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.

 

Link to post
Share on other sites
  • Replies 1.8k
  • Created
  • Last Reply

Top Posters In This Topic

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.

 

Link to post
Share on other sites
4 hours ago, TonyJ said:

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.

Link to post
Share on other sites
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.

 

Link to post
Share on other sites

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.

Link to post
Share on other sites

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 by Noallegiance
Spelling
Link to post
Share on other sites
24 minutes ago, honkydonkey said:

Had to go have a look: 6dI8Ja5.png

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?

Link to post
Share on other sites
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.

Link to post
Share on other sites

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!

Link to post
Share on other sites
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

 

Link to post
Share on other sites
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. 

Link to post
Share on other sites
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.

Link to post
Share on other sites

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.

Link to post
Share on other sites

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.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.