Closed on the lows of the days. Mass carnage in the risk appetite names.
Final numbers courtesy of Google.com/finance
Dow Jones 10,655.00 -258.38 (-2.37%) S&P 500 1,099.15 -32.27 (-2.85%) Nasdaq 2,335.83 -79.57 (-3.29%)If you enjoy the content at iBankCoin, please follow us on Twitter
INDEUD!
Agreud
how is Sir Fly ???
fly will be fine.
the bears are shorting tanking stocks into oblivion, which will, eventually, from some level, create some 3x your money in 6 months buys in those very same stocks…
can a farm boy pick the right ones again?
oh gawd, to have omnipotence over the actions of the BOJ.
I’d print yen to absolutely no limit, (maybe, but don’t be sure) driving its price down on the market and with it I would just stabilize the entire worlds economy, right down to playing PPT. I’d issue JGBs at 1% for a ten year until there were absolutely no takers, buying up every blue chip stock on earth yielding more than 1% and a great deal of gov’t bonds also. I’d stabilize the worlds markets, and turn a multi trillion dollar profit for my country over the next, say, 5 or 10 years. I’d single handedly ensure that Italy got funding, at 2% if need be, because if I succeeded and i drove the yen down relative to the Euro int he process, I may finally spark belief among the people of Japan in inflation, cause some actual investment and consumption, help my export oriented economy and eventually be repaid by Italy in Euros worth, say, 50% more yen at that future date than the yen I sold to buy them today.
Nonsense, you say! By god man, what if bond yields go up? Whoopity do, I owe yen, which I can create in any quantity that I see fit, and I could take some of the proceeds and spend into action the entire slack component of my economy… AND MORE. I could get $1 a month from every American cell phone plan, I could stimulate the economies that I need for my exporting of Hondas and Sony equipment to thrive, …
Anyone listening? Beuller? Bernanke? Anyone?
where is my QE3 ? it used to be SO…..easy !!