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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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To: carranza2 who wrote (105486)	4/9/2014 5:16:44 AM
From: Maurice Winn	Read Replies (1) of 217745

"Deep and wide" means a long way down over a very extended time and that's what happened in 1998 when Lehmans, sub-prime, and the whole menagerie went down the gurgler in a giant wide and deep flash crash. What happened with Lehman en.wikipedia.org was exactly as I expected and told a daughter 20 August 2008 [just checked Gmail] who worked at Barclays Capital = get $10 billion of sovereign wealth funds ready because Lehman is going to be a big buy once people realize it's going down the gurgler. Sure enough not long later, Lehman was in the cross hairs of flash crash catastrophe and down they went, being acquired by Barclays at the bottom about a month later. The wide and deep financial catastrophe was under way. Fractalized flash crashes can be any size and any width. You might not think of the 1998 one as a flash crash, but the financial relativity theory mechanisms are the same as the quick little ones. In the 1998 flash crash, the margin calls were spread across millions of people and measured in the $trillions. It was the biggest ever flash crash. More to come. Mqurice

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