Imminent and severe market correction

[Sean K]

Oh yeah? And who pray tell HELPED create these Too Big Too Fail

That was to stave off TOTAL global meltdown. Now, perhaps, there's some breathing space and companies who should fail, will fail in an orderly fashion, as they should. A 'W' shaped recovery is best case now in think once reality hits in regard to this fundamentalless stock rally. We will eventually wake up. I hope...eeek

 

[skyQuake]

Whats really interesting is this part:

The rules, which must be agreed by Congress, would also bar institutions from proprietary trading operations, unrelated to serving customers, for their own profit.

Goodbye prop desks? Where GS earns such a substantial chunk of its revenue? Not if they can help it!

 

[Trembling Hand]

Whats really interesting is this part:

The rules, which must be agreed by Congress, would also bar institutions from proprietary trading operations, unrelated to serving customers, for their own profit.

Goodbye prop desks? Where GS earns such a substantial chunk of its revenue? Not if they can help it!

LOL. there goes 90% of market volume

 

[skyQuake]

Personally, if Obama can't get health care reform through, there is no way he will have enough muscle in the senate to get this through. With the money that is on the line the next few months will be a lobbyists dream

Good point, Long lobby groups! They're going to be swimming in so much cash. Obama is trying to take away the livelihoods of the rich and filthy-rich.

 

[Sean K]

GS employees are in the poo all right.

On average, each of the bank's 32,500 employees would have received nearly $US500,000 dollars in compensation and benefits in 2009.

 

[skc]

If the Obama talk was truely the reason for the fall last night then I'd expect a bounce tonight - really the chance of Obama getting some of those things through are pretty low... in the short term anyway.

Having said that, the media headline of what caused overnight market movements are usually not correct anyway.

 

[Trembling Hand]

If the Obama talk was truely the reason for the fall last night then I'd expect a bounce tonight - really the chance of Obama getting some of those things through are pretty low... in the short term anyway.

Having said that, the media headline of what caused overnight market movements are usually not correct anyway.

China's been leading this fall or the actual cause.

China's the new black.

 

[Sean K]

China's been leading this fall or the actual cause.

China's the new black.

Not sure if China caused this one, but as the market is a forward looking beast, it will surely hinge on the prospects of the developing countries. The US and Euro is old news now.

 

[noirua]

Staying mostly in cash may yet prove to be masterly inaction after-all. Markets appear to have very little upside going for them at present and a lot of worry going forward, whether that be on production at home; very strong but now dipping a bit currency; Europe's concerns over Greece; China's worries over the booming again property sector, and interest rates versus inflation: All this is bringing back the bears to feed on market concerns.

 

[Wysiwyg]

Many stocks peaked September/October and have come back to better prices. Don't mind if the seppos drop it some more though. Sifting, sifting all day long.

 

[voigtstr]

Besides, my stops will take me out this time.


CanOz

Are they automatic stops or manual stops? If they are automatic, do you mind telling me which online broker you use? I'd like to compare features and costs against what I'm using at the moment.

 

[Aussiejeff]

Good point, Long lobby groups! They're going to be swimming in so much cash. Obama is trying to take away the livelihoods of the rich and filthy-rich.

Hey skyQuake, you forgot THE most important group - the Stinking-Filthy-Rich

We all know a worldwide cabal of Stinking-Filthy-Rich essentially runs the planet (including the US congress), so Chairman Obama ultimately has NO chance of cutting off their collective hands and feet.... I'll eat my hat if this crazy scheme gets up in its current guise!

 

[Aussiejeff]

That was to stave off TOTAL global meltdown. Now, perhaps, there's some breathing space and companies who should fail, will fail in an orderly fashion, as they should. A 'W' shaped recovery is best case now in think once reality hits in regard to this fundamentalless stock rally. We will eventually wake up. I hope...eeek

Hmmmm. I would have thought the "breathing space" bought by the massive bailouts is very tight - even asthmatic! What happens if all that cash is to NO avail and the next leg down bites hard?

How much is left in kitty now to stave off a very-much-possible-at-anytime global meltdown Part Deux?

If this does turn into another significant slump, even worse will be the lack of confidence "the market" will have in political leadership to drag everything back up again....and again...and again...

IMO

 

[GumbyLearner]

LOL. there goes 90% of market volume

Why? Whose money will be withdrawn from the market? Public bailout money?

 

[Trembling Hand]

Why? Whose money will be withdrawn from the market? Public bailout money?

yeah grumby I forgot that commsux going to start let mums & pops run high frequency BOTs.


FFS!!

 

[GumbyLearner]

yeah grumby I forgot that commsux going to start let mums & pops run high frequency BOTs.


FFS!!

Unbelievably oblivious as to what caused the GFC in the first place.

Too many BOTS in the public trough who can't make their own money.

http://dictionary.reference.com/browse/bot

bot
2  /bɒt/ Show Spelled Pronunciation [bot] Show IPA
–noun Australian Slang.
a person who cadges; scrounger.
Origin:
1915–20; perh. shortening of botfly

 

[skyQuake]

Unbelievably oblivious as to what caused the GFC in the first place.

Too many BOTS in the public trough who can't make their own money.

http://dictionary.reference.com/browse/bot

bot
2  /bɒt/ Show Spelled Pronunciation [bot] Show IPA
–noun Australian Slang.
a person who cadges; scrounger.
Origin:
1915–20; perh. shortening of botfly

Fairly sure he was referring to

bot
3  /bɒt/ Show Spelled Pronunciation [bot] Show IPA
–noun
a device or piece of software that can execute commands, reply to messages, or perform routine tasks, as online searches, either automatically or with minimal human intervention (often used in combination): intelligent infobots; shopping bots that help consumers find the best prices.

 

[GumbyLearner]

Fairly sure he was referring to

bot
3  /bɒt/ Show Spelled Pronunciation [bot] Show IPA
–noun
a device or piece of software that can execute commands, reply to messages, or perform routine tasks, as online searches, either automatically or with minimal human intervention (often used in combination): intelligent infobots; shopping bots that help consumers find the best prices.

Yeah I should read further down the page. Excuse my reckless impropriety.

 

[brty]

Aussiejeff,

How much is left in kitty now to stave off a very-much-possible-at-anytime global meltdown Part Deux?

As I have stated elsewhere, money is created out of thin air, there is no limit. The quantitative easing is just borrowing from yourself (if you are a central bank )

If things look like they are going too far south again, another $500b-$1t will just be created out of fresh air, like the last lot.

brty

 

[MRC & Co]

Aussiejeff,



As I have stated elsewhere, money is created out of thin air, there is no limit. The quantitative easing is just borrowing from yourself (if you are a central bank )

If things look like they are going too far south again, another $500b-$1t will just be created out of fresh air, like the last lot.

brty

So why all the record bond issuance?