It is currently 18 Nov 2017, 01:39

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# How 'bout that market action today???

 new topic post reply Question banks Downloads My Bookmarks Reviews Important topics
Author Message
Senior Manager
Joined: 30 Jul 2007
Posts: 385

Kudos [?]: 59 [0], given: 5

Location: Europe
Schools: St. Gallen '09
How 'bout that market action today??? [#permalink]

### Show Tags

29 Sep 2008, 16:03
What a doozy!

Kudos [?]: 59 [0], given: 5

CEO
Joined: 17 May 2007
Posts: 2947

Kudos [?]: 674 [0], given: 210

Re: How 'bout that market action today??? [#permalink]

### Show Tags

29 Sep 2008, 16:31
ASX has banned ALL short selling. <sarcasm>It will prevent volatility</sarcasm>

Kudos [?]: 674 [0], given: 210

VP
Joined: 05 Aug 2007
Posts: 1499

Kudos [?]: 211 [0], given: 22

Schools: NYU Stern '11
Re: How 'bout that market action today??? [#permalink]

### Show Tags

29 Sep 2008, 16:43
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!

Kudos [?]: 211 [0], given: 22

CEO
Joined: 17 May 2007
Posts: 2947

Kudos [?]: 674 [0], given: 210

Re: How 'bout that market action today??? [#permalink]

### Show Tags

29 Sep 2008, 17:58
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

Kudos [?]: 674 [0], given: 210

VP
Joined: 09 Jan 2007
Posts: 1045

Kudos [?]: 162 [0], given: 3

Location: New York, NY
Schools: Chicago Booth Class of 2010
Re: How 'bout that market action today??? [#permalink]

### Show Tags

29 Sep 2008, 20:34
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.
_________________

Rhyme´s guide to interviewing
http://www.gmatclub.com/forum/t55030

Kwam's Profile
http://gmatclub.com/forum/111-t57360

Kudos [?]: 162 [0], given: 3

VP
Joined: 09 Jan 2007
Posts: 1045

Kudos [?]: 162 [0], given: 3

Location: New York, NY
Schools: Chicago Booth Class of 2010
Re: How 'bout that market action today??? [#permalink]

### Show Tags

29 Sep 2008, 22:39
http://faculty.chicagogsb.edu/luigi.zin ... _wrong.pdf

http://faculty.chicagogsb.edu/john.coch ... rotest.htm
_________________

Rhyme´s guide to interviewing
http://www.gmatclub.com/forum/t55030

Kwam's Profile
http://gmatclub.com/forum/111-t57360

Kudos [?]: 162 [0], given: 3

Director
Joined: 18 Dec 2007
Posts: 983

Kudos [?]: 136 [0], given: 10

Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Re: How 'bout that market action today??? [#permalink]

### Show Tags

30 Sep 2008, 18:57
Hang Seng (Hong Kong) climbed yesterday when most other exchanges went down due to announcements about suspension of short selling.

Kudos [?]: 136 [0], given: 10

Manager
Joined: 11 Jan 2007
Posts: 202

Kudos [?]: 30 [0], given: 0

Re: How 'bout that market action today??? [#permalink]

### Show Tags

26 Nov 2008, 19:11
that sucks!
short selling still gives some liquidity... ahahah

gotta love it!

Kudos [?]: 30 [0], given: 0

Re: How 'bout that market action today???   [#permalink] 26 Nov 2008, 19:11
Display posts from previous: Sort by

# How 'bout that market action today???

 new topic post reply Question banks Downloads My Bookmarks Reviews Important topics

 Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.