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Originally posted by marg6043
More dooms predictions,
For those that are seen what is coming our way this fall, you are all right, because recovery it's not.
Proprietary Trading May Cause October Crash: Investor,
Global stock markets could crash in October, as by then it will be clear that the economic recovery many people pinned their hopes on will not materialize, the stimulus option will no longer be a viable one, and proprietary trading desks will decide to go short, economist and investor Enzio von Pfeil, CEO of EconomicClock.com, told CNBC.
"The economic time has to worsen and so these green shoots will morph into black shoots very badly, culminating probably in an October crash," Pfeil said.
This people most be keeping up with our thread here in ATS
"People will finally accept that the unemployment rates will have to keep rising, that productivity will have to keep falling," he added. That in turn will make earnings expectations "fall through the floor."
www.cnbc.com...
Interesting, but didn't we told that already here.
Originally posted by RetinoidReceptor
I agree with this guy but that doesn't mean the markets don't go up in hopes for more green shoots in the second half. If those fail to materialize then you could definitely see a crash...
Originally posted by burdman30ott6
Originally posted by RetinoidReceptor
I agree with this guy but that doesn't mean the markets don't go up in hopes for more green shoots in the second half. If those fail to materialize then you could definitely see a crash...
"More" green shoots would indicate that previous green shoots had actually been present and seen in the system. Said "green shoots" were phantom apparitions Bernanke hoped and prayed people would believe existed. The fact that the market is back on the downward slide demonstrates just how real those were to begin with.
The worst of the UK's recession is over, according to the British Chambers of Commerce (BCC) business group, but talk of a recovery is premature.
Its report, based on a survey of 5,600 companies, found there had been "welcome progress" in confidence levels between April and June.
But the BCC still expects unemployment to reach 3.2 million by 2010.
However, official data showed that manufacturing output fell 0.5% in May. Analysts had forecast a rise of 0.2%.
The Office for National Statistics (ONS) said the monthly fall was driven by a 2% decline in the paper, printing and publishing industries.
Industrial production, a wider measure which includes energy supply, mining and oil and gas as well as manufacturing, fell 0.6% against forecasts of a rise of 0.2%.
Economists say the surprise contraction now makes it less likely that the economy returned to growth in the second quarter.
Originally posted by marg6043
reply to post by RetinoidReceptor
Remember my friend, that the markets are too big to fail so as usual anything for the markets just to keep the illusion of recovery.
That is what has been going on since the mortgage bubble crash, trillions has been injected in the markets, first the fed and their cash infusions, then the government intervention and the bail outs.
Still the cash infusions are failing and fail they will, because manipulation is never good for the health of financial system.
Too big to fail indeed, until our nation will be no more.
Originally posted by RetinoidReceptor
Also..the government needs to sell treasuries this week and the dollar was getting too low. If you think the government doesn't know what it is doing by talking about a second stimulus, then you are stupid.
Originally posted by RolandBrichter
Originally posted by RetinoidReceptor
Also..the government needs to sell treasuries this week and the dollar was getting too low. If you think the government doesn't know what it is doing by talking about a second stimulus, then you are stupid.
I think you are right here, but they will only be able to pull that move off one more time before the non .gov funded PT's call the bluff....for them, there is just as much $$ to make in a downswing...
Again, I think all of this posturing will be for naught...Commercial RE, Over-levered insurance companies, and the rest of the derivatives scandal will all come to equilibrium at some point, and probably all at the same time.
We (western civilization) are in an economic paradigm shift...things will NEVER be the same as it was, and that is a GOOD thing!
Originally posted by fromunclexcommunicate
I've been playing around with some of the leveraged ETF's and those you almost need to session trade because they don't do well in sideways trading.
The high for the double short fund SKF was 46.3 both yesterday and today despite the Dow closing down over 160 points today? FAS the triple long ETF fund made a low yesterday of 7.89 and today the low was 7.85.
If these ETF's are really free market driven then it looks like both short and long investors are expecting a turn around to the upside.
Good post by Pause4thought! When you look at the big picture it really is a long bridge they appear to be building.
[edit on 7-7-2009 by fromunclexcommunicate]
Pope Benedict XVI on Tuesday called for a radical rethinking of the global economy, criticizing a growing divide between rich and poor and urging the establishment of a “world political authority” to oversee the economy and work for the “common good.”
Originally posted by RetinoidReceptor
I just think it is a mistake to think the stock market is going to crash right now. Key word, right now
Originally posted by RetinoidReceptor
I just think it is a mistake to think the stock market is going to crash right now. Key word, right now
Originally posted by stander
Originally posted by RetinoidReceptor
I just think it is a mistake to think the stock market is going to crash right now. Key word, right now
It's not a mistake to think that the market will crash right now, the way most mistakes occur; it's a 100-mile detour from realistic thinking. A mistake can occur during a rational calculation, but thinking that the market is heading for the bust pronto is not based on a rational thought. The short average slope of decline is not indicative at all that the speculators anticipate a major failure in the earning power of those 30 horses they bet on. First of all, the margin of daily profit taking eroded and it's about time to find 3Q bottom and refresh the process of day trading. That's what is all amounts to. Bern Stearns curve to hell may not be that representative but is sufficient enough tool to support an idea that the market is going for a bust in 3Q. Just do the matching.
Does anyone think that the players hit the sustain pedal, and the Dow will play tomorrow "America the Beautiful" two octaves lower?
If anyone predicts tomorrow Dow percentage gain or decline with .25% accuracy, then that person may have some understanding of the market engine. But it's the next four day performance that determines the intentions of the market manipulators how to re-shape the roller coaster to better serve its purpose.
Originally posted by RetinoidReceptor
Then short the markets and buy puts on the markets and buy AAA debt. But something tells me you are not going to short the markets.