RED ALERT: FX Dislocation In Process

London 3963.88 -54.49 -1.36% 08:01
Paris 2827.98 -44.62 -1.55% 09:01
Frankfurt 4165.58 -49.63 -1.18% 09:01
Turkey 23870.96 -568.95 -2.33% 10:17
Hungary 10347.48 -302.84 -2.84% 09:01
Austria 1511.09 -1.85 -0.12% 09:00
Poland 21771.88 -427.61 -1.93% 09:02

i'm betting my tips for the platinum intuition Red won't go to sleep before all markets close

how fast i'm amazed
Gold 978.80 4.00 0.41% 03:20
Silver 14.15 0.07 0.50% 03:20
Platinum 1081.00 10.00 0.94% 03:17


London 3952.07 -66.30 -1.65% 08:07
Paris 2800.72 -71.88 -2.50% 09:07
Frankfurt 4106.02 -109.19 -2.59% 09:07

how fast... i'm amazed...

so they let it happen and we wake up monday in a new world or they come up with something during the course of the day, right ?

[edit on 20-2-2009 by ::.mika.::]

You just might win that bet.

Never been to India (yet) Love the food though - can't survive without my Neem oil and creams I have some young trees growing here from seeds I purchased They really do keep the mosquitoes away!

Europe's Open, let's see how thing roll

Holy crap!!!!

Gold is climbing....

Futures are losing.

Watching the market reminds me of when I was selling cars.

Some days you couldn't get a break customer after customer and it was like that for everybody. Other days nobody would come in, then sometimes almost everybody would be waiting to catch one but only a few people were talking to people.

reply to post by Hastobemoretolife


I remember the OLD markets - when penny stocks could get you some serious coinage, and you didn't get whiplash from watching the charts

I miss those days - and I don't think they will ever come back

Edit to add:

/ES now at 768.10

Dow futures -101

[edit on 2/20/09 by redhatty]

You know Im watching Land of the Dead and it's kinda funny because the zombies learn to use weapons to take out the leading humans. As they get smarter they attack the government.

Guess Im saying most people are zombies and we're finally learning to fight back.


On the other hand, these currency changes sure are interesting to watch.

reply to post by redhatty


To bad the market has peaked my interest at such a bad time economic wise.

Technology has really changed things has it? Or is it just the conditions?

You mean back when the government didn't have all 5 fingers gripped around the markets neck tightly?

reply to post by Hastobemoretolife


Actually it was back when there actually was more regulation and oversight of investment banks, commodities and such, before things like credit default swaps were allowed to exist.

De-regulation has been more of a problem than a solution.

And it's not that the deregulation was specifically of the market, but of the entities that are allowed to go IPO and sell their stocks, bonds and other "stuff" on the market

This is a post I made in another thread regarding the changes in legislation that have occurred and have contributed to where we are today

The original Community Reinvestment Act was passed by Congress and signed into law in 1977 by Jimmy Carter. Its purpose, in a nutshell, was to require banks to provide credit to “under-served populations,” i.e., those with poor credit.

In 1995, Bill Clinton’s administration made various changes to the CRA, increasing “access to mortgage credit for inner city and distressed rural communities,” i.e., it provided for the securitization, i.e. public underwriting, of what everyone now calls “sub-prime mortgages.”

Bottom line? It forced banks to issue $1 trillion in sub-prime mortgages.

In 1999 Congress passed the Gramm-Leach-Bliley Financial Services Modernization Act which repealed part of the Glass-Steagall Act of 1933, opening up competition among banks, securities companies and insurance companies. The Glass-Steagall Act prohibited a bank from offering investment, commercial banking, and insurance services.

In 2000, Congress passed a law barring states from regulating credit default swaps under their gambling and “bucket shop” laws. This set the stage for the market in “financial derivatives” that are a big part of what is causing the economic meltdown today.

Then there was H.R. 5660, the Commodity Futures Modernization Act of 2000. That bill was folded into the Consolidated Appropriations Act, 2001, a massive spending bill, passed in haste at the end of the 106th Congress.

32 years of deregulation got us here today - ain't life grand?

reply to post by redhatty


Grand! Like a rotten 100 Grand candy bar covered in Government maggots!

That it is.

The crazy thing is that I have probably learned more on internet forums than I have in school.

After really understanding what it take to make an economy work, it makes sense that banks need to be heavily regulated, it is quite obvious that they can't be trusted and not only that, but it is apparent that government "oversight" committees are a joke.

They are more like put the money in this pocket while I overlook(as in look past) what your doing.

Truth is you can't trust very many people if at all.

I know that we will never be able to have a true free market.

I guess what it comes down too is that they tried to legislate away their incompetence.

Gold is going nuts.

Up down, up down. At one point it shot up two dollars in a matter of 2 minutes.

S&P and Nasdaq futures seem to be holding steady even though they down. Dow is starting to gain a little Dow is at 94

Europe:

DJStoxx 600 179.18 -4.21 -2.30%
FTSE 100 3,938.44 -79.93 -1.99%
DAX 30 4,103.10 -112.11 -2.66%
CAC 40 2,799.50 -73.10 -2.54%
S&P/MIB 16,112.00 -389.00 -2.36%

Ouch.

American Futures:

Dow 7,356.00 -106.00 -1.42%
S&P 500 767.10 -12.30 -1.58%
NASDAQ 100 1,154.50 -16.00 -1.37%

We just firmly fell through the Bear Market Bottoms set last November..

I wouldn't be surprised to see some "interference" in the markets tomorrow.

Good thing about the west coast, when I wake up the markets are already open. Always hated waiting on the East Coast when you wake at 6.

reply to post by Rockpuck


S&P Bottom from Nov is 740 - we haven't broken that yet!

2nd line

I see what you mean by whiplash redhatty.

Especially when it comes with 15 min lags. as of 15 mins ago Dow futures at 120

S&P 13.30
Nas 18.25

it's panic in hungaria -5.59% 10:47

are we right now just witnessing the start of that financial tsunami from the east that was mentionned some pages ago ?

(Paris 2772.35 -100.25 -3.49% 10:46
Frankfurt 4068.09 -147.12 -3.49% 10:47)

reply to post by ::.mika.::


Hungary again, damn

They fall and it will topple the entire Eurozone like a line of dominos

BUDAPEST STOCK EXCH INDX 10,033.89 -616.43 -5.79% 04:53
HUNGARIAN TRADED INDEX 1,959.33 -158.21 -7.47% 04:53

OUCH

looking like some trigger shut downs might happen soon...
damn...looking sad...

Hungary, Bosnia and Herzegovina seem weak points at the moment...so much for the GS/JPM shorts closing yesterday...

Bloomberg regional news is looking pretty ragged also...

PPT to the rescue?

[edit on 2/20/2009 by Hx3_1963]

i refresh this page very often

www.indexq.org...

for paris and frankfort, the evolution are so similar, like just now in a few minutes, it went back up 0,5% (-3% now)

knowing the context, is that possible that such changes happen in such a short time without the intervention of some big players at macro level ?

i believe it is not (and also that i could be wrong)

edit : see now its' back again on the descending route (-3,16; -3.38)

so it looks like that : down, down, down for 2 hours, then suddenly +0,5% up, then down, down just as before the suddden up. that can't be "natural", can it ?

[edit on 20-2-2009 by ::.mika.::]