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by Chris Yesterday’s “”market”” close saw an intense blast of market on close selling pressure. Lots of selling, and the various indexes in the US all closed right at or very near their lows. When speculators borrow money to put into the equity markets they usually do so with a margin account. Margin debt is … Read more
by Chris Well, sure, CNBC will be smug…but that’s because they have to be. I found this snarky mockup on Twitter this morning capturing the “why” of it all rather well. Heh heh. And, yes, the enthusiasm of this bounce, so far, is a bit underwhelming. I agree with Dave; the last hour today will … Read more
by Chris As usual, if you are not a savvy participant playing the rigged futures game, you are pretty much locked out of the bounces. So far today 100% of all the “gains” were locked in the futures market. None have yet happened in the cash market. You can easily see this in this cash … Read more
The Volatility Index has more than doubled over the past 6 trading days, the 9th largest 6-day spike in history. $VIX pic.twitter.com/rqUuFzDqXz — Charlie Bilello (@charliebilello) October 12, 2018 #SPX and #NYSE technical, cycle and measured downside targets have not been met pic.twitter.com/IrtM6w76YJ — mcm-ct.com (@mcm_ct) October 12, 2018 S&P 500: 41% of stocks closed … Read more
What Jan/Feb Vixmageddon and this October mini crash are telling big investors is that the door to get out is ~TINY~ so in as much as they think we're at peak earnings or about to get there, they will likely pare back on risk and crowded trades going forward b/c of trap pic.twitter.com/8NEgD6OEKS — M/1_LP … Read more
The repercussions of a lack of liquidity will be severe in all the markets. Why is that? Foreign buyers of U.S. Treasurys hedge their exposure to currency risk. That has a cost. Until this week, the return would cover the cost. But now the cost of hedging has soared due to the rising dollar, and … Read more
Here is today’s articles mentioned in this news update: 1. Trillions in US net worth vulnerable to recession: IMF https://www.france24.com/en/20181010-… 2. The Next Recession Could Happen Sooner Than We Think https://www.forbes.com/sites/randybro… 3. When the Next Recession Hits https://newrepublic.com/article/15163… 4. The last time unemployment was this low, we were hit with a recession https://www.cnbc.com/2018/10/08/the-l… 5. The … Read more
https://www.youtube.com/watch?v=2o1dhS5u2fE
via stuff.co.nz: OPINION: Global markets are falling so fast it’s difficult to keep up with the numbers. The Dow Jones industrial average in the US fell 3.2 per cent on Wednesday. In China, the Shanghai Composite was down 5.2 per cent overnight. Virtually all European indexes lost more than 1.5 per cent on Thursday. Britain’s blue-chip FTSE 100 lost … Read more
Larry Summers: This might be the most short-sighted set of economic policies since World War II from CNBC.
Jeffrey Gundlach believes the U.S. stock market can’t diverge from global equity markets forever. “I said [before] … if the global stock [market] is going to take out the low and put in a new low, something bad must be happening. I don’t think the U.S. can hold in there,” he said Thursday on CNBC’s … Read more
Stock market uncertainty is rising on the heels of an 800-point plunge in the Dow yesterday. In this six-minute video, Mike explores the simple ratio that demonstrates the extreme overvaluation in stocks today and how far they still have to fall to reach anything resembling fair value. Mike Maloney’s Stock Fragility Index Is Screaming … Read more
Aspirin has been prescribed for years to prevent heart attacks. Heart attacks are caused by blood clots that block arteries narrowed by plaque build up. Meanwhile Aspirin reduces your blood’s ability to clot. Theoretically, scientists thought that this should reduce your chances of getting a heart attack, which is why doctors have prescribed aspirin for … Read more
via sdbernard: [OC] Animation of Manhattan luxury property data byu/sdbernard indataisbeautiful Animation showing just how many new luxury skyscrapers are being built over the next three years. A total of 3.5 miles of vertical height! Sources of data are NYC Open Data and Council on Tall Buildings and Urban Habitat Tools used were QGIS, Blender and Adobe Illustrator I … Read more
via CaptainMeap: Several months ago, on a particularly boring day, I had a burning passion to use Excel for something; this was the result. A couple of notes about the graph: This graph is not inflation-adjusted and is computed entirely from dollar values in the given year. I had never made something like this before, so please forgive any … Read more
American companies are the largest source of demand for American stocks, and sharp tumbles have come when their buying slows. There are plenty of potential catalysts for the stock market sell-off that has swept through the markets this week. They include rising interest rates, growing tensions with China, expanding federal deficits and increasing regulatory risks for technology … Read more
The owner of Patisserie Valerie has said the cafe chain needs “an immediate injection of capital” to continue trading in its current form. The stark statement to investors comes after the firm uncovered “significant, and potentially fraudulent, accounting irregularities”. It also belatedly discovered HMRC filed a winding-up petition against one of its principal subsidiaries in … Read more
by mormengil Reasons are: Margin loans, unlike mortgages, are not fixed in duration, are not fixed in interest rate, are secured on assets at a certain market value (or range) rather than secured on an asset disregarding it’s future fluctuations in market value. The stock market is much more volatile than the housing market. So prices … Read more
by PayLayHAYL_NO I got a call out of the blue a little over a month ago from a debt collection agency, saying I owed almost $1500 from an ambulance ride I took because of me being involved in a car accident OVER 2 YEARS AGO. While on the phone with the debt collector, I looked … Read more
