Classic TA Workplace Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JRI who wrote (13324)	9/13/2001 9:54:09 AM
From: velociraptor_	Read Replies (1) of 209892

The overseas markets have been manipulated...or at least they tried. The European Bank infused 63 billion yesterday with little efect so far. This is about 2 weeks worth in 1 day. Bank of Japan infused 2 Trillion with no effect at all. I don't know what will happen in the days ahead but so far with the markets having very little bounce on such a large sum says it's going to take a hell of a lot of money to keep the markets from declining more. Options are another story. If the markets don't open until Friday, there will be 3 full days of option premium lost for both Puts and Calls. If it opens on Monday, that will be 6 days. The potential problem becomes obvious given how large the derivatives market is. As for the bond market, I don't really have any comments yet. But action seems to be subdued so far, and it is a lot easier for the government to manipulate just the open bond market as opposed to all markets. They need to create a sense of stability but keeping the equity markets closed is a huge factor of uncertainty. Really, we just need to see what is going to happen when the equity markets do open. I can give you some educated guesses, but at this point, we just don't know.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next