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Another Meltdown Monday on the way?

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    #2
    Darragh29
    Closed Accounts Posts: 7,097 ✭✭✭Darragh29


    mike65 wrote: »
    If Friday sets the tone for the start of the week, then it could be carnage.

    http://finance.yahoo.com/intlindices?e=americas
    http://finance.yahoo.com/intlindices?e=asia
    http://finance.yahoo.com/intlindices?e=europe

    Russia has suspended the markets again.

    Mike

    "It's just another melt down Monday....

    Wish it was Sunday....

    That's my fun day...

    ......................"


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    #3
    silverharp
    Registered Users Posts: 17,852 ✭✭✭✭silverharp


    Whatever happens on Monday, I would give it a 90% chance that the stockmarket wll be higher & the dollar lower by this time next week, almost every market is at extreme technical levels which is screaming reversal

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



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    #4
    Lexus1976
    Closed Accounts Posts: 702 ✭✭✭Lexus1976


    Thankfully its a Bank Holiday Monday


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    #5
    Économiste Monétaire
    Closed Accounts Posts: 2,208 ✭✭✭Économiste Monétaire


    Lexus1976 wrote: »
    Thankfully its a Bank Holiday Monday
    It's a holiday in Ireland, not the U.K. or the U.S. It's business carnage as usual in NY and London.


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    #6
    BenjAii
    Closed Accounts Posts: 545 ✭✭✭BenjAii


    Interestingly, Nouriel Roubini, who has had a brilliant track record in predicting events so far, feels that major markets worldwide will have to be shut down soon for a week or two by governments to allow investors to dump assets.

    A couple of months ago I would have dismissed talk like this as alarmist rubbish, but that was before the whole world financial system disappeared down the rabbit hole ...


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    #7
    Darragh29
    Closed Accounts Posts: 7,097 ✭✭✭Darragh29


    BenjAii wrote: »
    Interestingly, Nouriel Roubini, who has had a brilliant track record in predicting events so far, feels that major markets worldwide will have to be shut down soon for a week or two by governments to allow investors to dump assets.

    A couple of months ago I would have dismissed talk like this as alarmist rubbish, but that was before the whole world financial system disappeared down the rabbit hole ...

    This talk of closing markets and all that reminds me once of a friend who ended up being badly constipated to the point where he ended up in hospital.

    Leave the markets open, suffer the pain, let the sh*t find the floor and tomorrow you are on your way back up again...


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    #8
    md23040
    Registered Users Posts: 489 ✭✭md23040


    What a stupid thread. Markets either go up or down - no sticking.

    FTSE futures to finish -38 pts according to IG index. No calamity

    Japan -2% to close. Oil shares set to tank -5% tomorrow. [WTI Oil Spot $63 at 21.26GMT]


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    #9
    Time Magazine
    Registered Users Posts: 8,452 ✭✭✭Time Magazine


    md23040 wrote: »
    What a stupid thread.

    The first word in this thread is "If"...


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    #10
    SoCal90046
    Closed Accounts Posts: 192 ✭✭SoCal90046


    BenjAii wrote: »
    Interestingly, Nouriel Roubini, who has had a brilliant track record in predicting events so far, feels that major markets worldwide will have to be shut down soon for a week or two by governments to allow investors to dump assets.

    A couple of months ago I would have dismissed talk like this as alarmist rubbish, but that was before the whole world financial system disappeared down the rabbit hole ...

    I believe that, in the US, they should have been shut down for two or three days three weeks ago. I think it's too late now as the rot has set in.


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    #11
    mike65
    Closed Accounts Posts: 88,978 ✭✭✭✭mike65


    http://finance.yahoo.com/intlindices?e=asia
    http://finance.yahoo.com/intlindices?e=europe

    More of the same, only slightly worse.

    Mike


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    #12
    ranger4
    Registered Users Posts: 1,368 ✭✭✭ranger4


    mike65 wrote: »
    http://finance.yahoo.com/intlindices?e=asia
    http://finance.yahoo.com/intlindices?e=europe

    More of the same, only slightly worse.

    Mike
    Any chance of a bear rally with stocks including ire banks looks bleak.:confused:


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    #13
    BenjAii
    Closed Accounts Posts: 545 ✭✭✭BenjAii


    The mainstream media are in general reporting this as "investors dump stocks on recession fears", I wonder how true ?

    and how much "Hedge funds liquidate themselves as investors/funding banks pull plugs" is true ?


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    #14
    silverharp
    Registered Users Posts: 17,852 ✭✭✭✭silverharp


    BenjAii wrote: »
    The mainstream media are in general reporting this as "investors dump stocks on recession fears", I wonder how true ?

    and how much "Hedge funds liquidate themselves as investors/funding banks pull plugs" is true ?


    I would pretty much ignore media reporting on why something is happening, if the price goes up they give a reason, if it goes down later in the same day you get different reasons.
    On some markets I was looking at there were certain funds that were selling due to redemptions or being told to get their leverage down, but the nub of it is that you sell what you can and the stock market it very liquid, firms may have other positions which they cannot get out of.

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



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    #15
    BenjAii
    Closed Accounts Posts: 545 ✭✭✭BenjAii


    So the Dow Jones up 900, second biggest climb in its history, I have two words; "bear rally" - just saying ........


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    #16
    silverharp
    Registered Users Posts: 17,852 ✭✭✭✭silverharp


    BenjAii wrote: »
    So the Dow Jones up 900, second biggest climb in its history, I have two words; "bear rally" - just saying ........


    agree, 10% up days are very common in bear rallies , there maybe a retest of the lows this month and then there should be a rally for a couple of months but all part of a bigger bear market

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



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