Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
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You didn't notice there was a little bit more news out there last night than just the oil price?
A question for those with (much) more knowledge.
Just an observation ( have been doing some research on E/W in past days).
If Im counting correctly aren't we due for another leg down at some stage soon?:nuts:
Yes, Monday \ Tuesday is Leg Down Day.
Yes, Monday \ Tuesday is Leg Down Day.
Monday/Tuseday down, what planet are you from - URANUS?
ok smarty pants - when are we due for a leg down then..?
It seems too obvious to even be worth the comment, but if all this debt just gets absorbed by the taxpayer (which is what seems to be being proposed) what's to say the people who caused this mess won't just go and do it all again? Given the parlous state of the US economy, they're hardly likely to raise interest rates, so isn't that environment ripe for a repeat performance in the knowledge that whatever debacle you oversee, Uncle Sam will just put it right for you?lol, some problems still exist?
How has anything changed? What problems did they actually fix?
Nothing, just applied more bandaid fixes to make it look like they are doing something.
We could all end up paying the price for these shortsighted attempts to fix things imo.
The press is full of headlines about stocks soaring and massive rallies. I cannot imagine too many fund managers rushing out to buy stocks in the middle of a market cave-in. That is how you lose your job. The current rally is not driven by new investors rushing in to snap up bargains. The SEC and UK financial regulators have both banned short selling of financial shares, forcing shorts to cover their open positions ”” causing a huge upward spike in financial stocks like Morgan Stanley [MS] and Goldman Sachs [GS].
We are undergoing another bear market rally. I often equate these to a drowning man's relief at finding a life-raft ”” before the realization dawns on him that he is still lost in the middle of the Pacific ocean without food or water.
Hey whiskers I'm hopping you have some of your usually after the fact analysis on oil vs Equity markets.
A couple of weeks ago you main theme was high oil was killing the markets. Last night oil jumped 5% but equity markets around the world had their biggest jump in 20 odd years.Surely if oil high oil is the driver of the markets woes, like you were stating a little while ago, I wouldn't be looking at a screen of green.
You didn't notice there was a little bit more news out there last night than just the oil price?
lol, some problems still exist?
How has anything changed? What problems did they actually fix?
Nothing, just applied more bandaid fixes to make it look like they are doing something.
We could all end up paying the price for these shortsighted attempts to fix things imo.
It seems too obvious to even be worth the comment, but if all this debt just gets absorbed by the taxpayer (which is what seems to be being proposed) what's to say the people who caused this mess won't just go and do it all again? Given the parlous state of the US economy, they're hardly likely to raise interest rates, so isn't that environment ripe for a repeat performance in the knowledge that whatever debacle you oversee, Uncle Sam will just put it right for you?
Maybe I'm not correctly understanding the whole situation, and am happy to be corrected.
Meantime, here is Colin Twiggs' view of the recent bounce:
One thing that all this intervention has done is cut any market manipulation off at the knees, at least for now. Some argue that the governments are manipulating the market. No doubt about that, but you'd have to be a fool to abuse the system, abuse the gov and then kick sand in their face as some operators are alleged to be doing, cos simply the gov is the umpire and I haven't heard any political party outright condeming this action. So, it surely is suicide to go against the umpire and agrivate him/her on the playing field.
No doubt the rational of the intervention is to allow the mess to unwind more slowly and orderly, rather than just letting it crash into a mangled mess where there is no guarantee that Ma and Pa investers won't get hurt anyway, such as by banks facing mass depositor withdrawls and closing shop... after the chief execs have already fled with their fat pay packets and sold their shares.
From a moral perspective, I would think there is a better chance of coming to a softer landing with less damage to the general public and better chance of scrutinizing the market and the key players than letting the market go on unchecked.
The bottom line is, what's to stop the imoral, corrupt and market manipulators from further exploiting the system to further feather their own nest at the expense of the general public if it was just left to go on unchecked.
lol, I hope you don't have that short still open jaithomson because I doubt very much that Monday will be in the red and I woud be surprised if Tuesday is a down day.
Ditto.
I agree that very soon the market will slow dramatically and turn lower again.
If people really think that bankrupt governments throwing money at a bankrupt monetary system,is going to secure you a longterm bull market---then your from URANUS.
It appears that the majority now posting on this thread are doing little in analysis and plenty in emotion.
I agree that very soon the market will slow dramatically and turn lower again.
If people really think that bankrupt governments throwing money at a bankrupt monetary system,is going to secure you a longterm bull market---then your from URANUS.
Thanks. so you agree it was about credit markets not oil. Good we finally agree and you have finally admitted that your opinion was wong.
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