Nikkei futures down 12.5%

the only way u stop a cascade is for the news to loose value, its a feedback loop that is self reinforcing.

the FED could easily print 1 trillion USD, and go into the futures market and prop up the market and take those contracts out of circulation. Since its zero sum the shorts will have to look for supply among themselves.
 
The last time Bush spoke he sounded like Ben Stien doing his Bueller schtik
"Confidence....confidence....confidence..."
He sounded like a guy that just doesn't care.
 
Quote from aeliodon:

Where the fuck is all this money going?

Certainly not gold, commodities, or treasuries.

If it was going to bank deposits that would resolve this crisis.
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Into cash, particular the US dollar. I'm just surprised the Euro is holding up so well. What's that about?
 
Quote from dhpar:

what is limit down on ES outside reg trading pls?
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65 points.

So far the Nikkei trading is thin as hell. IMO there's a good chance of some govt intervention from Japan, maybe close the exchange, maybe call the brokerages and tell them to buy like in 87. If there isn't big institutional buying by the close of morning session, it's likely. So be careful out there.
 
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