To: Elroy Jetson who wrote (139152 ) 2/9/2018 1:06:52 AM From: TobagoJack 1 RecommendationRecommended By dvdw©
Read Replies (1) | Respond to of 218860 From my vantage point am aware of tycoons who pledged their shares to the banks and now facing equivalent of margin call. Very exciting. Should progression continue, apartments, fancy cars, valuable biz, mistresses etc should all surface to catch a bid. There would be bidders, but they are waiting for the screaming to go silent. Do not have a feel for the planet, but guessing also stressed. Doubtful we are looking at China-specifics except for truth that no one invested in China / HK / Taiwan shares wants to hold a position on the 15th. Super exciting.bloomberg.com These Haven Assets Don't Reflect Panic in Markets Right Now More stories by Mark Cudmore February 9, 2018, 12:44 PM GMT+8 So much for the adage that stocks are inversely correlated with Treasuries and the Japanese yen. Equities have slumped over the past two weeks but there’s been little reaction in the classic haven assets. One positive way to skew this information is that other assets are confirming the consensus view that this is just a “healthy correction” in the equity market and the good times will roll on again very soon. The negative interpretation is that there’s far too much complacency, and so broader market pain will ensue if shares don’t bounce back imminently. Some might argue that assets are no longer moving in line -- but anyone who holds that view may want to have a look at what happened in 2008 when emerging markets supposedly decoupled from their developed counterparts. That seemed true to some until the real pain hit, and then it was quite clearly shown up to be pretty ridiculous. Global economies and asset markets are more connected today than ever before. While stocks from Sydney to Hong Kong are selling off Friday, gold has barely budged and the yen is actually weaker. Treasuries, too, have moved relatively little over the past 24 hours. A version of this story was originally posted on Bloomberg’s Markets Live blog.