Gentlemen, the NYSE will be opening soon.
....place your bets
....place your bets
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I'm alright Jack -
1050 points up and then 500 downOriginally posted by BlasterBates View Post
I'm more interested in tomorrow and the next day TBH.Comment
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I put £5000 into the Blackrock Gold Equity fund through HL last year & the value has dropped off a cliff.
I got too depressed even looking at it but I see it's started edging up at long last.
Bring on the crash!Comment
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Down hopefully, if S&P can't break 1953'Orwell's 1984 was supposed to be a warning, not an instruction manual'. -
Nick Pickles, director of Big Brother Watch.Comment
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"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
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A word of caution to anyone tempted to pile in as soon as a "rally" seems to be underway ..
The Worst Thing That Can Happen in the Markets Right Now - Goldsqueeze.com
The Worst Thing That Can Happen in the Markets Right Now
8/25/2015
0 Comments
The "markets" are very broken. That much should be clear after yesterday's historic volatility. I have been saying for months (such as here, here, and here) that stocks are/were topping and that the future did not look good for the bulls. The reasons are many and I encourage you to read through some previous posts to get a flavor for why I feel the way I do.
Regardless, here we are, the morning after an 1,100 pt drop in the Dow (although in "only" closed down about 600 on the day) and back-to-back 7%+ drops in the Chinese stock market. Is it time to panic? Well, not yet. Let me explain.
I believe that three consecutive days of stock market routs have acted like a cold slap across the face of money managers and institutional investors across the globe. It likely snapped them out of the zombie-like, knuckle-dragging, "stocks-can-only-go-up" mentality that they've been in for the last three years. It was, in a phrase, their come-to-Jesus moment. Right now institutional investors (hedge fund managers, pension funds, mutual funds, etc) are looking around saying, "something isn't right here." Stocks like GE and Apple shouldn't move 10% up and down and back up again in a matter of seconds. We're talking about changes in market caps of hundreds of billions of dollars faster than you can count to five. There are fundamental, structural flaws in the way the market operates (here's looking at you HFTs).
Understanding that the market has topped and that the underlying mechanism is broken, fund managers will now look at their big pile of overpriced, overvalued equities and figure out a way to get the hell out without sending prices in a downward spiral. That's where you, dear retail investor, come in. What will happen next is meant to sucker every last buyer into the market. No fund manager wants to be left holding the bag when the market tanks. That's why over the next days, weeks, and possibly months, there will be a massive, institutional investor-funded rip-your-face-off rally that will serve to turn yesterday's fear back into good old fashioned greed. Once they get the rally started, it will turn into a virtuous cycle as momentum-chasing algorithms start buying into the rally. Then, retail investors, who don't want to be left behind but by this point will be late to the party, will start buying. So once institutional investors fire this rally up, algos and retail will take the ball and run with it, allowing those very same institutions to sell into strength that they initiated, ultimately exiting those overpriced, overvalued equities. ...Work in the public sector? Read the IR35 FAQ hereComment
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Some interesting reading...
ZeroHedge: Cutting Through The HFT Lies: What Really Happened During The Flash Crash Of August 24, 2015Last edited by SantaClaus; 25 August 2015, 19:19.'Orwell's 1984 was supposed to be a warning, not an instruction manual'. -
Nick Pickles, director of Big Brother Watch.Comment
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OK, I was wrong. Today was quite interesting too. FFS, did the dead cat not even last a single US session?Originally posted by jamesbrown View Post1050 points up and then 500 down
I'm more interested in tomorrow and the next day TBH.
Let the carnage recommence...Comment
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And infinite QE with it.Originally posted by jamesbrown View PostOK, I was wrong. Today was quite interesting too. FFS, did the dead cat not even last a single US session?
Let the carnage recommence...Comment
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