Why is it that every stock market is dropping? The herd is on the move with the ASX tipped by many to have another bad day on Monday. There will be no bail out $$$$ this time as there is no bikkies left in the tin. Maybe QE4 may help the market stay steady for a few more months.. When will shares come tumbling dowm, that is the ???? Regards Errol 43
Governments don't have the money to bail out this time. They might attempt to bail-in, but even that might not work. In the past I've always moved to cash when trouble is brewing, but this time I don't think that even cash will be safe enough
In the past I was always happy to have an electronic bank balance and trusted the banking system was solid...but not any more. Now there is a risk of bail-in (confiscation) if it's bad, but not terminal. If it's really bad then some or all banks could just fold and their depositors lose everything. Then if it's terminal and the central bank goes then the currency potentially becomes just worthless paper/plastic issued by a defunct institution.
Come now team history is in the books , just look. September is a renowned month for financial disasters
Finally some excitement. I'm hoping this whole Ponzi scheme is coming to an end. Time to ramp up that QE. Interest rate rise in the USA this year? Never gonna happen.
Dow futures down 400 points at the moment, we could see 1000 points over the previous 2 sessions at the end of the day. The fact that you're not seeing any sort of buying into Friday's weakness tells you something. If the day ends in red it's bad news, confirming last week's rout. I'd be very interested in a forensic analysis of the buyers today. The fed and various government and central bank connected institutions apparently don't have any active equities but if they do then you can bet that they will be out today. Similar story for gold sellers. I wish I had held on to my aud/usd short through the day, when I saw the drop in the morning I took the bait and thought it would come back a little but it never did, left a LOT on the table. Because I made a little I bought some WTI to play with and that went south real quick on me. Also lost about $100 on 20oz of gold, rough day, I'm still up on the day but I should be doing way better. It's crazy all over though, I imagine that there are guys on trading desks in every time zone who feel sick counting the number of red zeros on their accounts. I've been trying to get my grandparents out of their banking shares for a while now, I worry it might be a little late, if things get much worse then they might not live to see their losses recovered.
Could be a fake out in the lead up to the FOMC. As I said previously, looking US economy purely from a macro data prospective, I wouldn't say they'll raise, but they may raise for other reasons. A high US dollar is not an issue as it was a few weeks ago if they do want to raise.
Looks like all futures are in the red.http://www.bloomberg.com/markets/stocks/futures I'm interested to see what happens when US markets open in an hour or so.
