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alutacontinua
#5241 Posted : Wednesday, February 07, 2018 7:12:46 PM
Rank: Member


Joined: 3/23/2011
Posts: 304
murchr wrote:
alutacontinua wrote:
murchr wrote:
Ericsson wrote:
$4 trillion wiped out since last week


The Dow closed +500 points at EOB Tuesday.


Market looks to have made its expected 10% correction. (Monday's low was approximately -13.5% from the All Time High)



13? Where did you get that? It was more like 4%. The number +1100 was the highest ever but that's about 4% of 26k. Nothing compared to the 23% of black Monday


Looking at it from the All Time High...so the difference between the All Time High and Yesterdays Low.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
murchr
#5242 Posted : Wednesday, February 07, 2018 7:17:29 PM
Rank: Elder


Joined: 2/26/2012
Posts: 13,076
alutacontinua wrote:
murchr wrote:
alutacontinua wrote:
murchr wrote:
Ericsson wrote:
$4 trillion wiped out since last week


The Dow closed +500 points at EOB Tuesday.


Market looks to have made its expected 10% correction. (Monday's low was approximately -13.5% from the All Time High)



13? Where did you get that? It was more like 4%. The number +1100 was the highest ever but that's about 4% of 26k. Nothing compared to the 23% of black Monday


Looking at it from the All Time High...so the difference between the All Time High and Yesterdays Low.


Say what again? Highest drop in points is not equal to highest % drop.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
alutacontinua
#5243 Posted : Wednesday, February 07, 2018 7:22:50 PM
Rank: Member


Joined: 3/23/2011
Posts: 304
wukan wrote:
alutacontinua wrote:
http://www.cmlviz.com/cmld3b/index.php?number=11930&app=news&cml_article_id=20180206_the-astonishing-story-behind-what-really-happened-to-xiv

The short volatility trade has been a cash cow for institutions for some time due to the extremely low interest rate environment...Monday's selloff and spike in the VIX looks to have caused a large number of margin calls after hours. Credit Suisse and Nomura are now looking to redeem their VIX Inverse ETN as the closure clause in their prospectus were triggered.

https://www.reuters.com/...ts-tumble-idUSL4N1PW26S

https://www.ft.com/conte...-11e8-8eb7-42f857ea9f09

https://www.barrons.com/...ills-one-etn-1517931789


Nomura redeeming at 96% discount that's $300m almost wiped out betting that markets will remain stable. Burnt to recognition.


There was a clause that stated all this and yet guys piled on the trade...also noticed a number of posts on twitter of day traders who blew their accounts shorting the VIX. Here is a summary of one trader who lost 4 million USD on Monday...

https://www.zerohedge.co...ars-work-here-his-story
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
alutacontinua
#5244 Posted : Wednesday, February 07, 2018 9:42:23 PM
Rank: Member


Joined: 3/23/2011
Posts: 304
murchr wrote:
alutacontinua wrote:
murchr wrote:
alutacontinua wrote:
murchr wrote:
Ericsson wrote:
$4 trillion wiped out since last week


The Dow closed +500 points at EOB Tuesday.


Market looks to have made its expected 10% correction. (Monday's low was approximately -13.5% from the All Time High)



13? Where did you get that? It was more like 4%. The number +1100 was the highest ever but that's about 4% of 26k. Nothing compared to the 23% of black Monday


Looking at it from the All Time High...so the difference between the All Time High and Yesterdays Low.


Say what again? Highest drop in points is not equal to highest % drop.


The dow jones has made a pull back of ~13.5% from its all time high.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
alutacontinua
#5245 Posted : Tuesday, February 13, 2018 4:56:02 PM
Rank: Member


Joined: 3/23/2011
Posts: 304
https://www.bloomberg.co...ons-whistle-blower-says

A Washington-based lawyer told the Securities and Exchange Commission and Commodity Futures Trading Commission -- the nation’s top markets regulators -- in a letter Monday that his client found a flaw that allows traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.” Billions in purportedly ill-gotten profits have been scooped up by “unethical electronic option market makers,” according to the letter.
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
Angelica _ann
#5246 Posted : Tuesday, February 13, 2018 5:30:50 PM
Rank: Elder


Joined: 12/7/2012
Posts: 8,888
alutacontinua wrote:
https://www.bloomberg.com/news/articles/2018-02-13/vix-manipulation-costs-investors-billions-whistle-blower-says

A Washington-based lawyer told the Securities and Exchange Commission and Commodity Futures Trading Commission -- the nation’s top markets regulators -- in a letter Monday that his client found a flaw that allows traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.” Billions in purportedly ill-gotten profits have been scooped up by “unethical electronic option market makers,” according to the letter.


Sounds familiar!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Swenani
#5247 Posted : Tuesday, February 13, 2018 8:27:04 PM
Rank: User


Joined: 8/15/2013
Posts: 12,510
Location: Vacuum
Angelica _ann wrote:
alutacontinua wrote:
https://www.bloomberg.com/news/articles/2018-02-13/vix-manipulation-costs-investors-billions-whistle-blower-says

A Washington-based lawyer told the Securities and Exchange Commission and Commodity Futures Trading Commission -- the nation’s top markets regulators -- in a letter Monday that his client found a flaw that allows traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.” Billions in purportedly ill-gotten profits have been scooped up by “unethical electronic option market makers,” according to the letter.


Sounds familiar!!!

smile smile
Masukuma is doing well
Marry a woman who can cook or a man who can provide food.Don't marry for love or beauty, because love dies,beauty fades but hunger stays
obiero
#5248 Posted : Tuesday, February 13, 2018 8:29:22 PM
Rank: Elder


Joined: 6/23/2009
Posts: 9,567
Location: nairobi
Angelica _ann wrote:
alutacontinua wrote:
https://www.bloomberg.com/news/articles/2018-02-13/vix-manipulation-costs-investors-billions-whistle-blower-says

A Washington-based lawyer told the Securities and Exchange Commission and Commodity Futures Trading Commission -- the nation’s top markets regulators -- in a letter Monday that his client found a flaw that allows traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.” Billions in purportedly ill-gotten profits have been scooped up by “unethical electronic option market makers,” according to the letter.


Sounds familiar!!!

Very familiar
PORTFOLIO: KQ 95,000
hisah
#5249 Posted : Wednesday, February 14, 2018 4:50:19 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
obiero wrote:
Angelica _ann wrote:
alutacontinua wrote:
https://www.bloomberg.com/news/articles/2018-02-13/vix-manipulation-costs-investors-billions-whistle-blower-says

A Washington-based lawyer told the Securities and Exchange Commission and Commodity Futures Trading Commission -- the nation’s top markets regulators -- in a letter Monday that his client found a flaw that allows traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.” Billions in purportedly ill-gotten profits have been scooped up by “unethical electronic option market makers,” according to the letter.


Sounds familiar!!!

Very familiar

Quote Stuffing - HFT malpractice which is a known issue but has never been dealt with by the regulator.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
lochaz-index
#5250 Posted : Wednesday, February 14, 2018 12:38:22 PM
Rank: Member


Joined: 9/18/2014
Posts: 825
alutacontinua wrote:
https://www.bloomberg.com/news/articles/2018-02-13/vix-manipulation-costs-investors-billions-whistle-blower-says

A Washington-based lawyer told the Securities and Exchange Commission and Commodity Futures Trading Commission -- the nation’s top markets regulators -- in a letter Monday that his client found a flaw that allows traders “with sophisticated algorithms to move the VIX up or down by simply posting quotes on S&P options and without needing to physically engage in any trading or deploying any capital.” Billions in purportedly ill-gotten profits have been scooped up by “unethical electronic option market makers,” according to the letter.

The shorts got thoroughly whacked by this one. Cracker of an year opener which could be characterized by wild swings in total contradiction to 2017. Wonder what it will look like once everyone realizes the bond honeymoon is over.
The main purpose of the stock market is to make fools of as many people as possible.
mnandii
#5251 Posted : Tuesday, March 06, 2018 3:35:04 PM
Rank: Veteran


Joined: 10/11/2006
Posts: 1,694


DJIA. Completing blue wave 2 below 25826. Afterwards expect a strong and sharp move below 23000. You can short with a Stop Loss at 25826
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#5252 Posted : Wednesday, March 07, 2018 9:24:06 AM
Rank: Veteran


Joined: 10/11/2006
Posts: 1,694
mnandii wrote:


DJIA. Completing blue wave 2 below 25826. Afterwards expect a strong and sharp move below 23000. You can short with a Stop Loss at 25826


Stop Loss lowered to 25073, the end of blue wave 2
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#5253 Posted : Wednesday, March 07, 2018 9:26:31 AM
Rank: Veteran


Joined: 10/11/2006
Posts: 1,694
mnandii wrote:
mnandii wrote:


DJIA. Completing blue wave 2 below 25826. Afterwards expect a strong and sharp move below 23000. You can short with a Stop Loss at 25826


Stop Loss lowered to 25073, the end of blue wave 2


Targets for blue wave 3 are: 22460, 21844 and 20848.



Markets ought to move fast now being that we are in a third of a third, the fastest and strongest part of Elliott Waves.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
mnandii
#5254 Posted : Wednesday, March 07, 2018 9:29:11 AM
Rank: Veteran


Joined: 10/11/2006
Posts: 1,694
See how Elliott waves can be applied to ANY market with wide public participation. You don't have to bother with 'Fundamentals'. So long as you can count the waves you are good to go.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
murchr
#5255 Posted : Thursday, March 08, 2018 7:41:39 PM
Rank: Elder


Joined: 2/26/2012
Posts: 13,076
mnandii wrote:
See how Elliott waves can be applied to ANY market with wide public participation. You don't have to bother with 'Fundamentals'. So long as you can count the waves you are good to go.


*** It failed flat on Safcom

"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
lochaz-index
#5256 Posted : Tuesday, March 20, 2018 12:55:07 PM
Rank: Member


Joined: 9/18/2014
Posts: 825
Very few guys have been keeping an eye on the libor as it continually signals danger ahead. Both the libor and the libor-ios (its fake out in 2016 notwithstanding) spread have spiked past the European debt crisis mark to pre & post Lehman levels back in 2008-2010. This is in the backdrop of many African trooping to the international markets to raise eurobonds - clear topping out signal. Not to mention the US tax reform where corporates are looking forward to repatriating some cash meaning the euro-dollar market has a nasty fight in its hands more so for EMs and FMs.

To add on to the already spooky correlations, the dollar is at three year lows with a suggestion that it is ready to turn bullish, probably a multi-year bull. The QE programs are about to be unwound in very ruthless fashion if this trend persists. https://www.telegraph.co...gh-fed-drains-liquidity/
The main purpose of the stock market is to make fools of as many people as possible.
lochaz-index
#5257 Posted : Wednesday, March 21, 2018 8:22:05 PM
Rank: Member


Joined: 9/18/2014
Posts: 825
Quote:
Mozambique said it was unlikely to begin repaying debts that were plunged into default by its $2bn hidden-loans scandal until well into the next decade, as the impoverished southern African nation pushed back hopes for a natural-gas bonanza.

Quote:
Mozambique only expects to receive significant tax revenues from natural-gas projects in the late 2020s to help pay off its debts, much later than previously forecast, Mr Maleiane said on Tuesday.

Tuesday’s offer would see Mozambique only begin to repay the majority of its bonds after 2028. Investors said that the proposal amounts to an effective haircut of about 50 per cent on the debt.

Sovereign debt crisis is well and truly on. Investors will rue yield chasing that was the hallmark of international debt markets for the past decade.
The main purpose of the stock market is to make fools of as many people as possible.
lochaz-index
#5258 Posted : Thursday, March 22, 2018 8:30:41 PM
Rank: Member


Joined: 9/18/2014
Posts: 825
lochaz-index wrote:
Quote:
Mozambique said it was unlikely to begin repaying debts that were plunged into default by its $2bn hidden-loans scandal until well into the next decade, as the impoverished southern African nation pushed back hopes for a natural-gas bonanza.

Quote:
Mozambique only expects to receive significant tax revenues from natural-gas projects in the late 2020s to help pay off its debts, much later than previously forecast, Mr Maleiane said on Tuesday.

Tuesday’s offer would see Mozambique only begin to repay the majority of its bonds after 2028. Investors said that the proposal amounts to an effective haircut of about 50 per cent on the debt.

Sovereign debt crisis is well and truly on. Investors will rue yield chasing that was the hallmark of international debt markets for the past decade.

Hot on the heels of Mozambique is Congo Brazzaville.
Quote:
Until a genuine audit is carried out by neutral auditing firms, under the strict supervision of the IMF, no one can tell the true figure of Congo’s debt,” Matthias Dzon, leader of the Patriotic Union for National Renewal, said by phone Thursday from the capital, Brazzaville.

Oil-producing Congo owes creditors at least $9.14 billion, equivalent to about 110 percent of gross domestic product, according to the IMF, which is considering a bailout. Debt in the central African nation has more than tripled since 2010 because of a series of pre-financing deals by the state oil company that allegedly have been used by people close to or part of President Denis Sassou Nguesso’s family as vehicles for corruption, according to advocacy group Global Witness.

Same script. Opacity, misrepresentation, corruption/embezzlement and finally bailout via a default.
Quote:
Congo missed a Eurobond payment last year and the government said in October it’s considering halting payments on its debt to private creditors. Moody’s Investors Service said that month the republic poses a high default risk.

https://www.bloomberg.co...udit-of-state-companies

Meanwhile, Ghana is in the process of arranging for a samurai bond to be followed by perhaps two eurobond issuance in the hope that they attract favorable yields
Quote:
Ghanaian lawmakers will vote on Friday to approve a sale of as much as $2.5 billion in sovereign debt, Mark Assibey-Yeboah, chairman of the parliamentary finance committee, said by phone. Ghana will sell $1 billion in Eurobonds to finance this year’s budget and another $1.5 billion if the sale attracts more favorable rates than those it pays for existing debt, Ofori-Atta said earlier this month.
The main purpose of the stock market is to make fools of as many people as possible.
wukan
#5259 Posted : Friday, March 23, 2018 9:59:07 AM
Rank: Member


Joined: 11/13/2015
Posts: 743
lochaz-index wrote:
Quote:
Mozambique said it was unlikely to begin repaying debts that were plunged into default by its $2bn hidden-loans scandal until well into the next decade, as the impoverished southern African nation pushed back hopes for a natural-gas bonanza.

Quote:
Mozambique only expects to receive significant tax revenues from natural-gas projects in the late 2020s to help pay off its debts, much later than previously forecast, Mr Maleiane said on Tuesday.

Tuesday’s offer would see Mozambique only begin to repay the majority of its bonds after 2028. Investors said that the proposal amounts to an effective haircut of about 50 per cent on the debt.

Sovereign debt crisis is well and truly on. Investors will rue yield chasing that was the hallmark of international debt markets for the past decade.


Interesting times lay ahead for African sovereigns. Questions is are investors chasing yield? After QE, stocks are bought for yields and bonds for capital gains.
murchr
#5260 Posted : Monday, April 02, 2018 7:01:41 PM
Rank: Elder


Joined: 2/26/2012
Posts: 13,076


Chinese showing Trump; tough talk doesnt always pay
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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