(10-03-2020, 01:01 PM)Behappyalways Wrote: [ -> ]Trump : STOP FUCKING SELLING!
美股道瓊慘熔斷! 川普喊救市"不要再賣股"..創單日最大跌幅|主播丁士芬|【iStock盤前解析】20200310|三立iNEWS
https://www.youtube.com/watch?v=ublPjIYv4Z8
That could be fake news. Can't find any source of Trump saying that line.
With the mainstream media's dislike of Trump, it should be all over the web if he said something so dumb.
"Dow Jones Industrial Average’s 11-Year Bull Run Ends
Blue-chip stock index drops more than 1,400 points, closing a bull run that started in 2009"
https://www.wsj.com/articles/global-mark...1583899913
Finally the 11y bubble has pricked.
The earlier we end this mess of monetary policy forbiding a healthy correction to flush out excesses, the better it is for the long term.
While there are a bunch of leveraged plays/short convexity blokes getting flushed out, there must be a bunch of people glad that what must happen finally happened.
(12-03-2020, 09:56 AM)AQ. Wrote: [ -> ]"Dow Jones Industrial Average’s 11-Year Bull Run Ends
Blue-chip stock index drops more than 1,400 points, closing a bull run that started in 2009"
https://www.wsj.com/articles/global-mark...1583899913
Finally the 11y bubble has pricked.
The earlier we end this mess of monetary policy forbiding a healthy correction to flush out excesses, the better it is for the long term.
While there are a bunch of leveraged plays/short convexity blokes getting flushed out, there must be a bunch of people glad that what must happen finally happened.
yup count me in the happy bunch!
I expect FED will be forced to go negative rates and try another QE to bail out "too big to fail" companies but to less effect this time round.
Question what then after that for the USD? Will we revert back to gold standard?
I believe after the next crisis, the big winners will be countries that have stockpiled a lot of gold as history has shown time after time.
道瓊狂跌10%...1987年股災以來最慘! 台股慘遭三殺一天市值蒸發1.6兆元|主播丁士芬|【iStock盤前解析】20200313|三立iNEWS
https://www.youtube.com/watch?v=45qOV5JWs2g
But this is not just about the coronavirus. Global valuations in stock markets were already very "frothy", pumped up by low interest rates, despite sluggish growth for the global economy.
Debt levels are also higher in the corporate sector than in 2008. That, in and of itself, would have led to a reckoning eventually. The pandemic is now making this correction even more brutal.
Pandemic crashes global stock markets
https://www.bbc.com/news/51860099