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Started By
Message
re: There are some major issues lurking in the US financial markets
Posted on 12/21/18 at 6:34 am to ridlejs
Posted on 12/21/18 at 6:34 am to ridlejs
quote:
Or maybe you're saying that even though the market knew it was on autopilot they we're hoping he would adjust?
Correct, but not necessarily adjust just be more data dependent.
This post was edited on 12/21/18 at 8:30 am
1
Posted on 12/21/18 at 7:41 am to Janky
Gotcha. I mean the Fed has communicated that this was how it was going to unwind for a while now. Seems foolish that some baked the possibility or even probability that this would change into their models. Why would you panic over something the Fed has telegraphed for a while now?
Posted on 12/21/18 at 8:25 am to ridlejs
Capitulation is real right now.
Time to start executing on part of the shopping lists gentlemen.
Time to start executing on part of the shopping lists gentlemen.
Posted on 12/21/18 at 8:26 am to buckeye_vol
quote:
O come on.
It shouldn't have happened. That is what we have shite like the SEC for. My point was the people that caused the problems didn't get in trouble just like buffett wouldn't.
quote:
That being said, many people only have themselves to blame, because of their own greed.
In make believe land. When the banks have so much money to control prices of the markets it's not random joe to blame because of their own greed. It is the people who control the market place. We have institutions that are supposed to be set in place to protect the average joe. The trillions in derivatives and futures (plus infinite bank roll by the FED) aren't comparable to the individual average joe's thousands. To even think the two could be on the same playing level is far fetched.
quote:
The banks in general may have reinforced the problems and greed, but those that really exacerbated it, aren’t really around anymore.
They are still the banks, still getting in trouble for spoofing markets right now. How this eludes you is incredible. JPM had a fall guy take the blame for a six year spoof last month.
quote:
Well I don’t really know what you’re basing that on, but let’s be honest, most of us aren’t really any better than the people everyone likes to demonize. So the hypocritical demonization, and lack of self-awareness, definitely doesn’t help that.
Buffett is a billionaire who is also a slum lord with his predatory loan practice for his manufactured homes. The reach of his power is far more than average joe again. When he makes money through taking advantage of less knowledgeable people he is far worse than the average. Maybe you want to blame average joe for being greedy, but average joe is ignorant and rarely knows any better. That doesn't mean that someone else wouldn't do what he does, but that doesn't matter because it is a hypothetical. He has morally questionable practices at best. But then so does nearly everyone else at the top.
Posted on 12/21/18 at 8:39 am to zatetic
You don't sound bitter at all....
Posted on 12/21/18 at 9:30 am to LSURussian
quote:
Federal Reserve Bank of New York President John Williams said that the central bank could reassess its interest rate policy and balance sheet reduction in the new year if the economy slows.
Williams also said the Fed was listening to the market, and could re-evaluate its outlook for two rate hikes next year.
CNBC Fri, Dec 21 2018
Posted on 12/21/18 at 9:35 am to zatetic
Show me where Jamie Dimon touched you
Posted on 12/21/18 at 9:54 am to LSURussian
quote:
You don't sound bitter at all....
I don't understand how you guys think the marketplace is a fair place at all and that guys at the top aren't doing illegal things when they are getting in trouble for it in the news.
Only thing I'm bitter about is you guys defending crooks. I genuinely don't understand why you guys want to defend those people that are ripping off the masses, including yourselves.
Posted on 12/21/18 at 10:19 am to zatetic
I’m not defending some of these guys you’re referencing but it doesn’t start with them (the banks). It starts with the government, as in ‘08 the gov forced the banks to increase the sub prime loans.
You’ll never win that battle, if you fight that battle you’re going to get steam rolled (which you probably already have just by deciphering your messages I bet you’re sitting heavily in cash and have been for awhile.)
You’ll never win that battle, if you fight that battle you’re going to get steam rolled (which you probably already have just by deciphering your messages I bet you’re sitting heavily in cash and have been for awhile.)
Posted on 12/21/18 at 10:33 am to LSURussian
quote:
Williams also said the Fed was listening to the market, and could re-evaluate its outlook for two rate hikes next year.
Awesome. So now we have high-up Fed representatives admitting they are going to make rate decisions based on how the stock market is doing.
Posted on 12/21/18 at 10:41 am to Shepherd88
You nailed it. They need credit creation at ALL COST to keep everything going. Without NEW CREDIT, the pillars rot out from under this current system. This is why credit cards are BEGGING for new credit with rewards, bonuses, etc. I have begged everyone I know to open their eyes, even ones on this board that act like jackasses. But at least I know when i'm dead and gone I gave it my ALL to get the word out.
It's a credit ponzi. Pure and simple.
It's a credit ponzi. Pure and simple.
Posted on 12/21/18 at 10:44 am to Hussss
Credit is an issue but from a governmental stand point we are 10-15 years away from major concerns. What is likely to happen is taxed will have to increase and spending (Medicare and SS) will have to be reformed.
Hopefully those issues are dealt with sooner rather than later, but these are not factors to drop the S&P 500 to 1300 points in 2019.
Hopefully those issues are dealt with sooner rather than later, but these are not factors to drop the S&P 500 to 1300 points in 2019.
Posted on 12/21/18 at 10:48 am to Shepherd88
What people don't realize is how much credit and leverage is propping up these markets, not to mention foreign dollars. THESE things being pulled out is exactly why the SPX will see 1300 in a couple of years.
Anyone who has ever received a very large margin call will completely understand.
Anyone who has ever received a very large margin call will completely understand.
This post was edited on 12/21/18 at 10:56 am
Posted on 12/21/18 at 10:53 am to zatetic
No getting through to Russian. He doesn't realize the importance of CONFIDENCE in these "markets" which is the main reason the Fed heads try to walk things back. They KNOW once all confidence is gone, their gig is UP!
Posted on 12/21/18 at 10:56 am to Hussss
You realize banks have half the debt and 3x the cash they did in ‘08 right?
Posted on 12/21/18 at 10:59 am to Shepherd88
That means nothing. Their balance sheets are stacked with leverage upon leverage through derivatives which some are even OFF balance sheet.
The hedge funds lever up just as much. With this type selling, margin calls fire off left and right producing FORCED selling. Problem IS, short covering USED TO cushion the blow somewhat but a LOT of shorts were scared off by the 10 year Fed put.
The hedge funds lever up just as much. With this type selling, margin calls fire off left and right producing FORCED selling. Problem IS, short covering USED TO cushion the blow somewhat but a LOT of shorts were scared off by the 10 year Fed put.
Posted on 12/21/18 at 11:31 am to LSUtoOmaha
quote:I interpreted that to mean he was referring to the U.S. bond market and the inverted yield curve on the 2yr to 5 yr maturities.
So now we have high-up Fed representatives admitting they are going to make rate decisions based on how the stock market is doing.
Posted on 12/21/18 at 11:37 am to Hussss
quote:Ignorance.
That means nothing.
quote:More ignorance.
Their balance sheets are stacked with leverage upon leverage through derivatives which some are even OFF balance sheet.
Since the implementation by the U.S. of the Basel Accord, the big banks are required to risk weight their assets and their derivatives and hold a corresponding amount of Tier 1 capital to cover the risk weighting. The amount of Tier 1 capital the large, money center, systemic banks are holding is near an all-time high.
Of course, you didn't understand what that means.....so, even more ignorance.
Posted on 12/21/18 at 11:38 am to LSURussian
Oh
Posted on 12/21/18 at 11:39 am to LSURussian
If this is an ABC correction, it will be over very soon. If not, we are in the most powerful wave down of primary wave 1 down.
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