Boiler Room: The Official Stock Market Discussion
Tha Sircus
Pro
I'm honored you would see it fit to rep me so many times in such a short span
Thx BrehGuess I should have been long VXX haha
@Domingo Halliburton
China down over 2% so far. Futures down.
Edit: The volatility has been insane.
@Domingo Halliburton
China down over 2% so far. Futures down.
Edit: The volatility has been insane.
heisenburrr
Have Fun Staying Poor
GoogleMe
$ ¥ € £ $
Concerns were raised within the federal reserve leading up to the crisis, but these concerns came from smaller voices. As a result, they were largely ignored.
GoogleMe
$ ¥ € £ $
You really think these idiots know wtf they're doing?
Yes
They don't know as much as the armchair economist who buys Bitcoins with his weekly allowance from the comfort of his mother's basement.
GoogleMe
$ ¥ € £ $
These guys stabilized our economy, recapitalized our financial system, and made back all TARP bailiout funds + interest. They know what they're doing breh.
https://projects.propublica.org/bailout/
Futuristic Eskimo
All Star
It bizarre how someone thats been averaging down on bitcoin for 2 years has the audacity to put their two cents in
88m3
Fast Money & Foreign Objects
It bizarre how someone thats been averaging down on bitcoin for 2 years has the audacity to put their two cents in
more evidence of a full court press by the hedgies to dissuade a fed hike.
i'm of the opinion that summers should be flogged for helping get rid of the glass steagall act.
Larry Summers and Ray Dalio flag return of quantitative easing
Robin Wigglesworth in New York
Investors believe that the recent market ructions have almost killed off the chances of a Federal Reserve interest rate increase next month, but some big-name industry figures are going even further, predicting that the central bank’s next move will be to restart quantitative easing.
Lawrence Summers, the former Treasury secretary, and Ray Dalio, head of the world’s biggest hedge fund manager, this week indicated that the US central bank should consider restarting its “quantitative easing” programme to counter deflationary dangers and ameliorate tensions on financial markets. In an opinion piece in the Financial Times, Mr Summers wrote that raising rates in the near future would be a “serious error”, but later went further and suggested on Twitter that the Fed should even consider another bond buying programme.
“It is far from clear that the next Fed move will be a tightening,” he wrote. “As in August 1997, 1998, 2007 and 2008 we could be in the early stage of a very serious situation . . . Right now problems are not overconfidence or investors oblivious to risk, so no need for Fed to send shock across investors’ bow.”
That was echoed by Mr Dalio, the head of Bridgewater, a $200bn hedge fund group. In a note to clients on Monday afternoon he predicted that the “next big Fed move will be to ease (via QE) rather than to tighten” due to global debt levels, the Chinese ructions and turbulence in emerging markets as a whole. “While we don’t know if we have just passed the key turning point, we think that it should now be apparent that the risks of deflationary contractions are increasing relative to the risks of inflationary expansion because of these secular forces,” he wrote.
“Our risk is that they could be so committed to their highly advertised tightening path that it will be difficult for them to change to a significantly easier path if that should be required,” he added, in the note seen by the FT.
While more quantitative easing is clearly a minority view at the moment, economists and investors have drastically scaled back their forecasts for when and how quickly US interest rates will rise in the coming months.
Futures markets indicate that there is now just a 26 per cent chance of a rate increase in September, down from more than 50 per cent earlier this month. The probable future path of rate rises has also moderated markedly, according to Bloomberg data. Economists at Barclays on Monday even shifted their forecast for when the first rate rise will come from September to March next year.
Other economists are less concerned, and argue that another QE programme would either be ineffectual or counterproductive by signalling that the Federal Reserve is panicking. They point out that the US unemployment rate could easily fall below 5 per cent this year, indicating the need for tighter monetary policy.
Joseph Lavorgna, chief US economist at Deutsche Bank said. “Investors are overreacting in notoriously illiquid markets. You have to look at the fundamentals. I don’t believe that one or two hikes will send the global economy into a tailspin.”
http://www.ft.com/intl/cms/s/0/8a5cb030-4b38-11e5-9b5d-89a026fda5c9.html#axzz3jt1Ax2mj
i'm of the opinion that summers should be flogged for helping get rid of the glass steagall act.
Larry Summers and Ray Dalio flag return of quantitative easing
Robin Wigglesworth in New York
Investors believe that the recent market ructions have almost killed off the chances of a Federal Reserve interest rate increase next month, but some big-name industry figures are going even further, predicting that the central bank’s next move will be to restart quantitative easing.
Lawrence Summers, the former Treasury secretary, and Ray Dalio, head of the world’s biggest hedge fund manager, this week indicated that the US central bank should consider restarting its “quantitative easing” programme to counter deflationary dangers and ameliorate tensions on financial markets. In an opinion piece in the Financial Times, Mr Summers wrote that raising rates in the near future would be a “serious error”, but later went further and suggested on Twitter that the Fed should even consider another bond buying programme.
“It is far from clear that the next Fed move will be a tightening,” he wrote. “As in August 1997, 1998, 2007 and 2008 we could be in the early stage of a very serious situation . . . Right now problems are not overconfidence or investors oblivious to risk, so no need for Fed to send shock across investors’ bow.”
That was echoed by Mr Dalio, the head of Bridgewater, a $200bn hedge fund group. In a note to clients on Monday afternoon he predicted that the “next big Fed move will be to ease (via QE) rather than to tighten” due to global debt levels, the Chinese ructions and turbulence in emerging markets as a whole. “While we don’t know if we have just passed the key turning point, we think that it should now be apparent that the risks of deflationary contractions are increasing relative to the risks of inflationary expansion because of these secular forces,” he wrote.
“Our risk is that they could be so committed to their highly advertised tightening path that it will be difficult for them to change to a significantly easier path if that should be required,” he added, in the note seen by the FT.
While more quantitative easing is clearly a minority view at the moment, economists and investors have drastically scaled back their forecasts for when and how quickly US interest rates will rise in the coming months.
Futures markets indicate that there is now just a 26 per cent chance of a rate increase in September, down from more than 50 per cent earlier this month. The probable future path of rate rises has also moderated markedly, according to Bloomberg data. Economists at Barclays on Monday even shifted their forecast for when the first rate rise will come from September to March next year.
Other economists are less concerned, and argue that another QE programme would either be ineffectual or counterproductive by signalling that the Federal Reserve is panicking. They point out that the US unemployment rate could easily fall below 5 per cent this year, indicating the need for tighter monetary policy.
Joseph Lavorgna, chief US economist at Deutsche Bank said. “Investors are overreacting in notoriously illiquid markets. You have to look at the fundamentals. I don’t believe that one or two hikes will send the global economy into a tailspin.”
http://www.ft.com/intl/cms/s/0/8a5cb030-4b38-11e5-9b5d-89a026fda5c9.html#axzz3jt1Ax2mj
Futuristic Eskimo
All Star
Very reasonable position.
88m3
Fast Money & Foreign Objects
safe to assume algorithms/hedge funds crashed the market before the close today right?
I have over 100k in there.. Don't want to take a big hit.. Maybe i should be less agressive i'm in my 30s..
BaldingSoHard
Veteran
nikka I had (
) over 200k in there before last week.You (we) have 30+ years for that money to grow.
This shyt will probably go through 2 or 3 more market crashes before we retire.
We gonna be fine.
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