Edited by xD&Cox, 13 March 2007 - 08:14 PM.
Nikkei cratering wide open
Started by
A-ha
, Mar 13 2007 08:08 PM
14 replies to this topic
#1
A-ha
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Posted 13 March 2007 - 08:08 PM
roundy roundy it goes....
#2
A-ha
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Posted 13 March 2007 - 08:20 PM
I cant wait to see bombay and shanghai balloons now ...
#3
Russ
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Posted 13 March 2007 - 08:24 PM
Down 400 points, so far just testing its previous lows. spfutures have stabalized.
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#4
A-ha
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Posted 13 March 2007 - 08:39 PM
just wait till balloons open...i am gonna get a bottle and stay here tonight..cant miss this
Edited by xD&Cox, 13 March 2007 - 08:42 PM.
#5
jawndissedi
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Posted 13 March 2007 - 08:41 PM
“The market clearly shows the footprints of carry traders running for the doors. Whether you look at the yen, the Swiss franc, corporate spreads, swap spreads, EMD spreads or mortgage spreads, you see the prices of high yielders falling in relation to low yielders. When a move like this begins with such a fury, the tendency is to call it ‘over’ too soon and to underestimate its follow-on magnitude. There is a lot of money on one side of these carry trades and most of that money needs to unwind and will try to unwind at the same time. This is how six standard deviation events happen. In fact, when you look at the five biggest daily, weekly, or monthly moves in the yen over the past ten years, the average size of the fat-tailed event is about six standard deviations.
Another way to think about the potential magnitude of the reversal is to look at the 1998 carry trade as an analogue. Our guess is that the money riding on this one is a lot larger than the money riding in the 1998 carry trades, given the explosive growth of hedge funds and new instruments that target carry trades for the naive investors (e.g. an ETF that buys high-yielding currencies or Japanese retail investment products).”
. . . Bridgewater Associates, Inc.
Bullz: assume the position . . .
Another way to think about the potential magnitude of the reversal is to look at the 1998 carry trade as an analogue. Our guess is that the money riding on this one is a lot larger than the money riding in the 1998 carry trades, given the explosive growth of hedge funds and new instruments that target carry trades for the naive investors (e.g. an ETF that buys high-yielding currencies or Japanese retail investment products).”
. . . Bridgewater Associates, Inc.
Bullz: assume the position . . .
Da nile is more than a river in Egypt.
#6
sglasson
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Posted 13 March 2007 - 08:45 PM
subprime today, yen carry tomorrow, fomc next weekroundy roundy it goes....
#7
A-ha
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Posted 13 March 2007 - 08:53 PM
there goes the low ... almost 500.
Edited by xD&Cox, 13 March 2007 - 08:53 PM.
#8
nimblebear
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Welcome to the Dark Side !
Posted 13 March 2007 - 09:04 PM
there goes the low ... almost 500.
502 now. Tick,Tick, Tick....
OTIS.
#9
A-ha
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Posted 13 March 2007 - 09:11 PM
there goes the low ... almost 500.
502 now. Tick,Tick, Tick....
It got stuck at 490.. I think it needs a spell...
Cheif are you there?
#10
jawndissedi
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Posted 13 March 2007 - 09:24 PM
Cheef, are you ready?
Da nile is more than a river in Egypt.
