The Credit Crisis Financial Stocks Short Journal
- Thread starter Daal
- Start date
El-Erian on Greece
http://www.cnbc.com/id/36992469
Expects few members to be out 1y from now. EUR to survive
http://www.cnbc.com/id/36992469
Expects few members to be out 1y from now. EUR to survive
I have a theory that a ton of the hawkishness from FOMC members was derived from the fact that the stock market was steadily going up for so long, it just kinda infected them. Now with this LEH meltdown 2.0 I believe it pretty much seals that deal there will be no rate hikes this year. A 4% collapse in US stock averages should get their attention and shut them up
This seems to be a joke, the brazilian central bank is buying dollars at auction, with the real down 4% on the day. They are going against their tendency of 'always do the opposite of what the market is doing', I guess they are trying to reinforce the trend towards a weak real to boost the chance of incumbent party for the presidential election this year
I have no way to prove this but to me, the reason the market got this bounce was because its only the start to the bear market so people still trust the 'fundamentals' that keep the rally going 'V shaped recovery, 0% rates, strong earnings', the panic set in but all the fools who still think the game will keep going stepped in and bought in masse
Looks like people will try to blame this semi crash in all kinds of things. Funny, there is always someone to blame, how come they dont blame on the fact that Europe is imploding, just look at libor, eurodollars, etc. Are the HFTs there too?
We could be on the verge of a crash that would rival 2008, I simply cant see how the government cant contain the forces behind these structural problems, clearly it looks like bailouts wont work. So we might be into a new 'fear cycle' where people act shit scared for months, risk assets go down, then one day out of nowhere for silly reasons(like US banks saying 'things ain't so bad') an immaculate recovery starts and risk taking comes back(ala Mar 09)
Looks like my XLF put buying from last year should have been made this year, I would have cleaned up, but this market might be forgiving and give bears another shot
We could be on the verge of a crash that would rival 2008, I simply cant see how the government cant contain the forces behind these structural problems, clearly it looks like bailouts wont work. So we might be into a new 'fear cycle' where people act shit scared for months, risk assets go down, then one day out of nowhere for silly reasons(like US banks saying 'things ain't so bad') an immaculate recovery starts and risk taking comes back(ala Mar 09)
Looks like my XLF put buying from last year should have been made this year, I would have cleaned up, but this market might be forgiving and give bears another shot
