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How 'bout that market action today???

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Senior Manager
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How 'bout that market action today??? [#permalink] New post 29 Sep 2008, 15:03
What a doozy!
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Re: How 'bout that market action today??? [#permalink] New post 29 Sep 2008, 15:31
ASX has banned ALL short selling. <sarcasm>It will prevent volatility</sarcasm>
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Re: How 'bout that market action today??? [#permalink] New post 29 Sep 2008, 15:43
Tax loss harvesting my entire taxable portfolio, not much else I can do.

When will the powers that be realize that short-selling is not what's causing this! They've put thousands of stocks on the "no-short" list and still the broad market tanks 8% in one day!
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Re: How 'bout that market action today??? [#permalink] New post 29 Sep 2008, 16:58
Despite a "total ban" on short selling the ASX still falls 4.5% at open. Regulators eat your heart out. But no one has actually questioned them about it yet
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Re: How 'bout that market action today??? [#permalink] New post 29 Sep 2008, 19:34
The IBOVESPA (major Brazilian Index) went down 9% today
http://finance.yahoo.com/q?s=^BVSP

That summed up with the R$/USD movement is TERRIBLE:
http://finance.yahoo.com/q?s=BR-Y.CME
(This is not too liquid, but I couldn't find a good English page with the future within the Brazilian local market)

It was something around 15% in USD, the Worst day I had ever seen, circuit break was activated today in Sao Paulo, and Companies such as Petrobras and Vale do Rio Doce plummeted. Our president and economy minister though, insist that the crisis is only in the USA, and that everything is fine there. I'm sick and tired of that.


By the way, can the VIX get to 100%???
http://finance.yahoo.com/echarts?s=^VIX#chart13:symbol=^vix;range=5y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Disclaimer I'm kidding about the VIX, and I fell is a good opportunity to sell some volatility, but it's not for the faint at heart.
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Re: How 'bout that market action today??? [#permalink] New post 29 Sep 2008, 21:39
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Re: How 'bout that market action today??? [#permalink] New post 30 Sep 2008, 17:57
Hang Seng (Hong Kong) climbed yesterday when most other exchanges went down due to announcements about suspension of short selling.
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Re: How 'bout that market action today??? [#permalink] New post 26 Nov 2008, 18:11
that sucks!
short selling still gives some liquidity... ahahah

gotta love it!
Re: How 'bout that market action today???   [#permalink] 26 Nov 2008, 18:11
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