Black Wendnesday?
Subprime lenders provide mortgages to people with poor credit and subprime lending is all but dead...
Tighter credit will mean fewer buyers, panic and foreclosures will dump more houses on the already glutted market,
Fewer buyers and bloated inventory means lower home prices...
lower prices means little or no borrowing for consumer spending... or investment purposes...
Lowered US consumer spending means a global slowdown...
The Australian $ -1.3% and New Zealand $ -2.2% vs the YEN... as the carry trade unwind continues.
The BOJ raised .25, but when your leveraged 10X, which is average for a hedge fund, thats 2.5% off your margin, time to liquidate your positions...
02/27 DJIA -416 NYSE volume 4.56 B; Tuesday DJIA -242 or 2%, NYSE volume 3.49 B...
Trading collars were triggered Tuesday afternoon when the NYSE Composite index lost more than 180 points. The collars put a chokehold on certain orders, forbidding transactions that capitalize on discrepancies in prices.
Asian Markets: Nikkei 225 Japan -512 or 2.98%; Hang Seng Hong Kong -517 or 2.67%; Straits Times Singapore -94 or 2.99%...
European Markets: Opening in 15 minutes...
If the streets run red in Europe as they did in Asia, I suspect tomorrow might be very ugly here...
Tighter credit will mean fewer buyers, panic and foreclosures will dump more houses on the already glutted market,
Fewer buyers and bloated inventory means lower home prices...
lower prices means little or no borrowing for consumer spending... or investment purposes...
Lowered US consumer spending means a global slowdown...
The Australian $ -1.3% and New Zealand $ -2.2% vs the YEN... as the carry trade unwind continues.
The BOJ raised .25, but when your leveraged 10X, which is average for a hedge fund, thats 2.5% off your margin, time to liquidate your positions...
02/27 DJIA -416 NYSE volume 4.56 B; Tuesday DJIA -242 or 2%, NYSE volume 3.49 B...
Trading collars were triggered Tuesday afternoon when the NYSE Composite index lost more than 180 points. The collars put a chokehold on certain orders, forbidding transactions that capitalize on discrepancies in prices.
Asian Markets: Nikkei 225 Japan -512 or 2.98%; Hang Seng Hong Kong -517 or 2.67%; Straits Times Singapore -94 or 2.99%...
European Markets: Opening in 15 minutes...
If the streets run red in Europe as they did in Asia, I suspect tomorrow might be very ugly here...
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