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Rank: Member Joined: 3/23/2011 Posts: 304
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murchr wrote:alutacontinua wrote:murchr wrote:Ericsson wrote:$4 trillion wiped out since last week The Dow closed +500 points at EOB Tuesday. Market looks to have made its expected 10% correction. (Monday's low was approximately -13.5% from the All Time High) 13? Where did you get that? It was more like 4%. The number +1100 was the highest ever but that's about 4% of 26k. Nothing compared to the 23% of black Monday Looking at it from the All Time High...so the difference between the All Time High and Yesterdays Low. You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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alutacontinua wrote:murchr wrote:alutacontinua wrote:murchr wrote:Ericsson wrote:$4 trillion wiped out since last week The Dow closed +500 points at EOB Tuesday. Market looks to have made its expected 10% correction. (Monday's low was approximately -13.5% from the All Time High) 13? Where did you get that? It was more like 4%. The number +1100 was the highest ever but that's about 4% of 26k. Nothing compared to the 23% of black Monday Looking at it from the All Time High...so the difference between the All Time High and Yesterdays Low. Say what again? Highest drop in points is not equal to highest % drop. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 3/23/2011 Posts: 304
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wukan wrote:Nomura redeeming at 96% discount that's $300m almost wiped out betting that markets will remain stable. Burnt to recognition. There was a clause that stated all this and yet guys piled on the trade...also noticed a number of posts on twitter of day traders who blew their accounts shorting the VIX. Here is a summary of one trader who lost 4 million USD on Monday... https://www.zerohedge.co...ars-work-here-his-story You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Member Joined: 3/23/2011 Posts: 304
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murchr wrote:alutacontinua wrote:murchr wrote:alutacontinua wrote:murchr wrote:Ericsson wrote:$4 trillion wiped out since last week The Dow closed +500 points at EOB Tuesday. Market looks to have made its expected 10% correction. (Monday's low was approximately -13.5% from the All Time High) 13? Where did you get that? It was more like 4%. The number +1100 was the highest ever but that's about 4% of 26k. Nothing compared to the 23% of black Monday Looking at it from the All Time High...so the difference between the All Time High and Yesterdays Low. Say what again? Highest drop in points is not equal to highest % drop. The dow jones has made a pull back of ~13.5% from its all time high. You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Member Joined: 3/23/2011 Posts: 304
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https://www.bloomberg.co...ons-whistle-blower-says
A Washington-based lawyer told the Securities and Exchange Commission and Commodity Futures Trading Commission -- the nation’s top markets regulators -- in a letter Monday that his client found a flaw that allows traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.” Billions in purportedly ill-gotten profits have been scooped up by “unethical electronic option market makers,” according to the letter. You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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alutacontinua wrote:https://www.bloomberg.com/news/articles/2018-02-13/vix-manipulation-costs-investors-billions-whistle-blower-says
A Washington-based lawyer told the Securities and Exchange Commission and Commodity Futures Trading Commission -- the nation’s top markets regulators -- in a letter Monday that his client found a flaw that allows traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.” Billions in purportedly ill-gotten profits have been scooped up by “unethical electronic option market makers,” according to the letter. Sounds familiar!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Angelica _ann wrote:alutacontinua wrote:https://www.bloomberg.com/news/articles/2018-02-13/vix-manipulation-costs-investors-billions-whistle-blower-says
A Washington-based lawyer told the Securities and Exchange Commission and Commodity Futures Trading Commission -- the nation’s top markets regulators -- in a letter Monday that his client found a flaw that allows traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.” Billions in purportedly ill-gotten profits have been scooped up by “unethical electronic option market makers,” according to the letter. Sounds familiar!!!  Masukuma is doing well If Obiero did it, Who Am I?
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Rank: Elder Joined: 6/23/2009 Posts: 13,543 Location: nairobi
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Angelica _ann wrote:alutacontinua wrote:https://www.bloomberg.com/news/articles/2018-02-13/vix-manipulation-costs-investors-billions-whistle-blower-says
A Washington-based lawyer told the Securities and Exchange Commission and Commodity Futures Trading Commission -- the nation’s top markets regulators -- in a letter Monday that his client found a flaw that allows traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.” Billions in purportedly ill-gotten profits have been scooped up by “unethical electronic option market makers,” according to the letter. Sounds familiar!!! Very familiar
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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obiero wrote:Angelica _ann wrote:alutacontinua wrote:https://www.bloomberg.com/news/articles/2018-02-13/vix-manipulation-costs-investors-billions-whistle-blower-says
A Washington-based lawyer told the Securities and Exchange Commission and Commodity Futures Trading Commission -- the nation’s top markets regulators -- in a letter Monday that his client found a flaw that allows traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.” Billions in purportedly ill-gotten profits have been scooped up by “unethical electronic option market makers,” according to the letter. Sounds familiar!!! Very familiar Quote Stuffing - HFT malpractice which is a known issue but has never been dealt with by the regulator.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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alutacontinua wrote:https://www.bloomberg.com/news/articles/2018-02-13/vix-manipulation-costs-investors-billions-whistle-blower-says
A Washington-based lawyer told the Securities and Exchange Commission and Commodity Futures Trading Commission -- the nation’s top markets regulators -- in a letter Monday that his client found a flaw that allows traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.” Billions in purportedly ill-gotten profits have been scooped up by “unethical electronic option market makers,” according to the letter. The shorts got thoroughly whacked by this one. Cracker of an year opener which could be characterized by wild swings in total contradiction to 2017. Wonder what it will look like once everyone realizes the bond honeymoon is over. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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 DJIA. Completing blue wave 2 below 25826. Afterwards expect a strong and sharp move below 23000. You can short with a Stop Loss at 25826 Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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mnandii wrote:DJIA. Completing blue wave 2 below 25826. Afterwards expect a strong and sharp move below 23000. You can short with a Stop Loss at 25826 Stop Loss lowered to 25073, the end of blue wave 2 Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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mnandii wrote:mnandii wrote:DJIA. Completing blue wave 2 below 25826. Afterwards expect a strong and sharp move below 23000. You can short with a Stop Loss at 25826 Stop Loss lowered to 25073, the end of blue wave 2 Targets for blue wave 3 are: 22460, 21844 and 20848.  Markets ought to move fast now being that we are in a third of a third, the fastest and strongest part of Elliott Waves. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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See how Elliott waves can be applied to ANY market with wide public participation. You don't have to bother with 'Fundamentals'. So long as you can count the waves you are good to go. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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mnandii wrote:See how Elliott waves can be applied to ANY market with wide public participation. You don't have to bother with 'Fundamentals'. So long as you can count the waves you are good to go. *** It failed flat on Safcom "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Very few guys have been keeping an eye on the libor as it continually signals danger ahead. Both the libor and the libor-ios (its fake out in 2016 notwithstanding) spread have spiked past the European debt crisis mark to pre & post Lehman levels back in 2008-2010. This is in the backdrop of many African trooping to the international markets to raise eurobonds - clear topping out signal. Not to mention the US tax reform where corporates are looking forward to repatriating some cash meaning the euro-dollar market has a nasty fight in its hands more so for EMs and FMs. To add on to the already spooky correlations, the dollar is at three year lows with a suggestion that it is ready to turn bullish, probably a multi-year bull. The QE programs are about to be unwound in very ruthless fashion if this trend persists. https://www.telegraph.co...gh-fed-drains-liquidity/The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Quote:Mozambique said it was unlikely to begin repaying debts that were plunged into default by its $2bn hidden-loans scandal until well into the next decade, as the impoverished southern African nation pushed back hopes for a natural-gas bonanza. Quote:Mozambique only expects to receive significant tax revenues from natural-gas projects in the late 2020s to help pay off its debts, much later than previously forecast, Mr Maleiane said on Tuesday.
Tuesday’s offer would see Mozambique only begin to repay the majority of its bonds after 2028. Investors said that the proposal amounts to an effective haircut of about 50 per cent on the debt. Sovereign debt crisis is well and truly on. Investors will rue yield chasing that was the hallmark of international debt markets for the past decade. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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lochaz-index wrote:Quote:Mozambique said it was unlikely to begin repaying debts that were plunged into default by its $2bn hidden-loans scandal until well into the next decade, as the impoverished southern African nation pushed back hopes for a natural-gas bonanza. Quote:Mozambique only expects to receive significant tax revenues from natural-gas projects in the late 2020s to help pay off its debts, much later than previously forecast, Mr Maleiane said on Tuesday.
Tuesday’s offer would see Mozambique only begin to repay the majority of its bonds after 2028. Investors said that the proposal amounts to an effective haircut of about 50 per cent on the debt. Sovereign debt crisis is well and truly on. Investors will rue yield chasing that was the hallmark of international debt markets for the past decade. Hot on the heels of Mozambique is Congo Brazzaville. Quote:Until a genuine audit is carried out by neutral auditing firms, under the strict supervision of the IMF, no one can tell the true figure of Congo’s debt,” Matthias Dzon, leader of the Patriotic Union for National Renewal, said by phone Thursday from the capital, Brazzaville.
Oil-producing Congo owes creditors at least $9.14 billion, equivalent to about 110 percent of gross domestic product, according to the IMF, which is considering a bailout. Debt in the central African nation has more than tripled since 2010 because of a series of pre-financing deals by the state oil company that allegedly have been used by people close to or part of President Denis Sassou Nguesso’s family as vehicles for corruption, according to advocacy group Global Witness. Same script. Opacity, misrepresentation, corruption/embezzlement and finally bailout via a default. Quote:Congo missed a Eurobond payment last year and the government said in October it’s considering halting payments on its debt to private creditors. Moody’s Investors Service said that month the republic poses a high default risk. https://www.bloomberg.co...udit-of-state-companies
Meanwhile, Ghana is in the process of arranging for a samurai bond to be followed by perhaps two eurobond issuance in the hope that they attract favorable yields Quote:Ghanaian lawmakers will vote on Friday to approve a sale of as much as $2.5 billion in sovereign debt, Mark Assibey-Yeboah, chairman of the parliamentary finance committee, said by phone. Ghana will sell $1 billion in Eurobonds to finance this year’s budget and another $1.5 billion if the sale attracts more favorable rates than those it pays for existing debt, Ofori-Atta said earlier this month. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,596
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lochaz-index wrote:Quote:Mozambique said it was unlikely to begin repaying debts that were plunged into default by its $2bn hidden-loans scandal until well into the next decade, as the impoverished southern African nation pushed back hopes for a natural-gas bonanza. Quote:Mozambique only expects to receive significant tax revenues from natural-gas projects in the late 2020s to help pay off its debts, much later than previously forecast, Mr Maleiane said on Tuesday.
Tuesday’s offer would see Mozambique only begin to repay the majority of its bonds after 2028. Investors said that the proposal amounts to an effective haircut of about 50 per cent on the debt. Sovereign debt crisis is well and truly on. Investors will rue yield chasing that was the hallmark of international debt markets for the past decade. Interesting times lay ahead for African sovereigns. Questions is are investors chasing yield? After QE, stocks are bought for yields and bonds for capital gains.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Chinese showing Trump; tough talk doesnt always pay "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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