Get the popcorn ready, Monday could be fun, maybe lots of fireworks. Mainly because nothing can change, oil prices will not suddenly rise, china suddenly will not start growing again, the middle east conflict are not going away.
And then there is N. korea that as of this minuet they are cussing and discussing trying to prevent that stack of dry hay from combustion.
Interesting times !
"My reading no matter how transient is a dagger in the heart of ignorance."
Both Hang Seng and Nikkei index lost 5% today! European markets down around 2-3%, so far!
How long before NY opens today, Tuesday?
its 24 past some o'clock, 6 pm here so I'm figuring it's 6 am some where in the US now.
my post says 10:24 AM. so markets open already.
no 6 am NY
Great minds discuss Ideas, Average minds discuss Events, Small minds discuss People. E.R.
Anytime I'm in doubt I go outside and give it a little shake.
Liberty Tree.
how would you trade today? too late to start short but that would be the place to be. Indexes? What about bond holders. What stocks are worthy of an equity conversion? Does apple still have it? Very high ratio and are there any bond holders, given how much cash it has? What sectors are good and what are the needles in those hay stacks. Mutuals maybe. Hedge Funds, retirements. might take a while for them to react. If the devaluation is too extreme they might be forced to cannibalize to meet outgoings. Retirements not so much because drawings is demographic and time based and you can manage that. I'm thinking of the funds adding to the selling momentum at some point when they start liquidating.
I posted above and went to the latest at ZH: Carnage continues in Europe
And finally do not forget this is not money that will rotate from 'stocks' to 'bonds' this is credit-created positions via carry/repo that when liquidated simply disappear - there is no cash to move to another asset. That's the whole point - the asset inflation has been created by leveraged carry - and as is obvious now, the market emperor is wearing no clothese beneath the thin veneer of centrally planned smoke and mirrors.
Great minds discuss Ideas, Average minds discuss Events, Small minds discuss People. E.R.
Anytime I'm in doubt I go outside and give it a little shake.
Liberty Tree.
Put options?
Blood bath any one ?
"My reading no matter how transient is a dagger in the heart of ignorance."
You know how doom is always 6 months away?
Not any more.
SPECTRISM time countdown2025
Twisted Titan (24th August 2015)
My prediction is Dow starts down, maybe 2-3%. Then we get a rebound and Dow will end at least neutral but probably up 2-3%. Courtesy of PPT! Doom is 1-2 months away!
NASDAQ hits circuit breaker, halts trading.
http://www.zerohedge.com/news/2015-0...breaker-down-5
NASDAQ 100 SEPTEMBER FUTURES HIT CIRCUIT BREAKER, HALTED - RTRS
Nasdaq Futures below 4,000!
http://www.zerohedge.com/sites/defau...0824_nas_0.jpg
"Paper is poverty, it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788
"The greatest threat to the state is when the people figure out they can exist without them." - Twisted Titan
"Some Libertarians are born, the government makes the rest."
"Voting is nothing more than a slaves suggestion box, voting on a new master every few years does not make you free."
mick silver (24th August 2015)
-1100 and change up and down.
"My reading no matter how transient is a dagger in the heart of ignorance."
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