Mr. Perfect wrote:Told you. If I've tried to teach you anything, it's elites at the highest levels often haven't' the foggiest idea of the subject matter in front of them.
A monument to colossal ignorance. You will pray for the deliverance of Jesus before long.
Blame, anger, frustration as China's stock rescue effort looks defeated
A Chinese government campaign to restore confidence in the country's volatile stock markets appeared to be in tatters on Friday as the benchmark Shanghai index wiped out all the gains made since the depths of last year's crash.
Among a flurry of measures, a so-called national team of institutional investors had promised last summer to buy and hold stocks on the index until it returned to 4,500 points - a level which at the time was considered in reach.
However, the Shanghai Composite Index .SSEC - the most closely watched by Chinese investors - fell through the lows seen during the depths of last year's crash and closed on Friday at 2,900 points - its weakest level since December 2014.
Irate retail stock investors crowded social media to gripe about Xiao Gang, the embattled head of the China Securities Regulatory Commission and threatened to sue state media for predicting a bull market revival rally that never happened.
"What hope is left in the stock market? Regulatory incompetence is creating starvation!" wrote one blogger posting as "Song Jiliang" on a microblog service.
"Ordinary people shouldn't pay the price."
The CSRC did not discuss Friday's stock market performance during a regularly scheduled press conference and it did not take questions from reporters.
Emailed requests for comment on the future of Xiao Gang - who faced internal criticism last year from the Communist Party over his handling of the stock market slump - were not answered. Calls to CSRC after business hours were also not answered.
More than $5 trillion has been wiped off the capitalization of the Shanghai and Shenzhen stock markets since they peaked in June 2015 - more than Japan's GDP.
It's amazing to be a teabagger, and be right about almost anything.
It's fun to revisit this more than a year later and realize that the Chinese experts were right after all. China's interventionist policies have staved off disaster once again. It's not surprising, really. Even Donald Trump agrees the Chinese leadership is much smarter than ours. So perhaps we should cut costs and outsource governance to the Chinese?
Too funny.
A leadership so smart that it is afraid of its own citizens and believes that they should be monitored and censored 24/7.
The fundamental purpose of a market is price discovery. Sellers and buyers agreeing on what they will sell and pay for a share.
Govt intervention completly distorts this process.
The beneficiaries are mostly insiders.
May the gods preserve and defend me from self-righteous altruists; I can defend myself from my enemies and my friends.
Using data on the activity of individual financial traders, researchers have devised a microscopic financial model that can explain macroscopic market trends.
Kiyoshi Kanazawa, from the Tokyo Institute of Technology, and co-workers analyzed five-days-worth of high-frequency trading between dollars and yen. They tracked the behavior of traders, both in their “bids” (buying price) and “asks” (selling price). The traders submit orders every few seconds, but a transaction only occurs when one trader’s ask price matches another’s bid price. Kanazawa et al. found that traders responded to each transaction by adjusting their bid/ask prices in accordance with changes in the market transaction price. They modeled this “trend following” and showed how it led to a Boltzmann-like equation for the overall price movement. This macroscopic equation could reproduce large-scale observations of the foreign exchange market.
May the gods preserve and defend me from self-righteous altruists; I can defend myself from my enemies and my friends.
Using data on the activity of individual financial traders, researchers have devised a microscopic financial model that can explain macroscopic market trends.
Kiyoshi Kanazawa, from the Tokyo Institute of Technology, and co-workers analyzed five-days-worth of high-frequency trading between dollars and yen. They tracked the behavior of traders, both in their “bids” (buying price) and “asks” (selling price). The traders submit orders every few seconds, but a transaction only occurs when one trader’s ask price matches another’s bid price. Kanazawa et al. found that traders responded to each transaction by adjusting their bid/ask prices in accordance with changes in the market transaction price. They modeled this “trend following” and showed how it led to a Boltzmann-like equation for the overall price movement. This macroscopic equation could reproduce large-scale observations of the foreign exchange market.
It's fun to occasionally watch the investment bank bots make massive changes in their positions.
The day of the last Amazon earnings there was clearly a moment where some bank, I am unsure whom because I don't have that granular data, decided that 1600 was going to be the new price support for AMZN.
Men often oppose a thing merely because they have had no agency in planning it, or because it may have been planned by those whom they dislike.
-Alexander Hamilton
The trader bots took all the market out of the free market.
“Christ has no body now but yours. Yours are the eyes through which he looks with compassion on this world. Yours are the feet with which he walks among His people to do good. Yours are the hands through which he blesses His creation.”
Mr. Perfect wrote:I don't think we need $100 commissions and 50 cent spreads anymore.
$100 commission is fine by me if I get the certificate and the equity is registered in my name. The discount broker & 401k scams are only for those willing to surrender first rights of ownership to Cede, Inc.
If there is even an actual trade to begin with. I think most stock transactions are really just dollar equivalency shadow transactions and no shares really change hands.
“Christ has no body now but yours. Yours are the eyes through which he looks with compassion on this world. Yours are the feet with which he walks among His people to do good. Yours are the hands through which he blesses His creation.”
Mr. Perfect wrote:It's endlessly hilarious to watch a former Fleabagger trying in essence to become an insider trader.
It's almost like you could have predicted it.
Odds that Tinker will vote Trump next time?
Why would I vote for Trump? He is the worst of America.
I was NEVER anticapitalist.
I also have no inside information. It's all analysis of public data.
The core of OWS ideals are still 100% correct.
Men often oppose a thing merely because they have had no agency in planning it, or because it may have been planned by those whom they dislike.
-Alexander Hamilton
Mr. Perfect wrote:I don't think we need $100 commissions and 50 cent spreads anymore.
$100 commission is fine by me if I get the certificate and the equity is registered in my name. The discount broker & 401k scams are only for those willing to surrender first rights of ownership to Cede, Inc.
If there is even an actual trade to begin with. I think most stock transactions are really just dollar equivalency shadow transactions and no shares really change hands.
Are you one of those people who believes there is such a thing as, 'real' money?
Men often oppose a thing merely because they have had no agency in planning it, or because it may have been planned by those whom they dislike.
-Alexander Hamilton
I guess I trust federally insured digital accounts as much as any paper contract.
Men often oppose a thing merely because they have had no agency in planning it, or because it may have been planned by those whom they dislike.
-Alexander Hamilton
Mr. Perfect wrote:I don't think we need $100 commissions and 50 cent spreads anymore.
$100 commission is fine by me if I get the certificate and the equity is registered in my name. The discount broker & 401k scams are only for those willing to surrender first rights of ownership to Cede, Inc.
If there is even an actual trade to begin with. I think most stock transactions are really just dollar equivalency shadow transactions and no shares really change hands.
Are you one of those people who believes there is such a thing as, 'real' money?
Yes, I have some. You do know that if you hold any security in street name you have assigned your ownership rights to Cede, Inc. who has loaned your to someone else? Just try to get a discount brokerage to send you a certificate or register the stock directly in your name. They will charge more than $100 if they will do it at all.
No free lunch. Low comissions but your contract gives them usufruct. That is where they make their money. Read the fine print on your account agreement and note you cannot take them to court but agreed to abide by the ruling of their private arbitration panel.
I strongly suggest getting all equities into direct registration. Certificates are even better.
“Christ has no body now but yours. Yours are the eyes through which he looks with compassion on this world. Yours are the feet with which he walks among His people to do good. Yours are the hands through which he blesses His creation.”
Men often oppose a thing merely because they have had no agency in planning it, or because it may have been planned by those whom they dislike.
-Alexander Hamilton
You have faith in paper, I have faith in digital transactions for exactly what they are worth.
At the end of the day it's all agreements between institutions.
Men often oppose a thing merely because they have had no agency in planning it, or because it may have been planned by those whom they dislike.
-Alexander Hamilton
Mr. Perfect wrote:I don't think we need $100 commissions and 50 cent spreads anymore.
$100 commission is fine by me if I get the certificate and the equity is registered in my name. The discount broker & 401k scams are only for those willing to surrender first rights of ownership to Cede, Inc.
If there is even an actual trade to begin with. I think most stock transactions are really just dollar equivalency shadow transactions and no shares really change hands.
I think you can call up your discount broker and they will mail you paper shares.
Mr. Perfect wrote:I don't think we need $100 commissions and 50 cent spreads anymore.
$100 commission is fine by me if I get the certificate and the equity is registered in my name. The discount broker & 401k scams are only for those willing to surrender first rights of ownership to Cede, Inc.
If there is even an actual trade to begin with. I think most stock transactions are really just dollar equivalency shadow transactions and no shares really change hands.
I think you can call up your discount broker and they will mail you paper shares.
Only for certain shares handled by certain middlemen, and the cost was just under $500 in 2008 for eTrade. They flat refused direct registration, which should be free.
Job related 401k's are dark funds. You get a speculative position valued and listed as market shares, but your money actually goes into what the managers choose. You get an iou for whatever funds you picked redeemable at age 59 1/2, but they may actually buy whatever they want. Your quarterly statement is essentially a betting slip, and even then you are the tail end of the hypothecation rat.
“Christ has no body now but yours. Yours are the eyes through which he looks with compassion on this world. Yours are the feet with which he walks among His people to do good. Yours are the hands through which he blesses His creation.”
I’m A Democrat, And The Left’s Russia Gaslighting Scares Me More Than Trump Does
I’m a Democrat, and it would be easier to accept my side’s version of unfolding events. It would certainly make my life easier when talking with my liberal friends. But facts are pesky things, and I’ve become increasingly aggravated by my own side. It seems the desire to win the 2016 election and Trump hatred has not only warped the Democratic political and media establishments, but exposed them for what they are.
Yes, Trump is intemperate, narcissistic, and the most unconventional president ever. But it appears that his opponents in our political and media establishments are far worse: they wanted to subvert democracy to save it from Trump; they wanted to thwart the will of Trump’s 63 million voters and not just undermine his presidency, but to concoct an investigation to impeach him and get him out of office.
Looked at this way, it appears that Trump’s election is vindicated for many reasons: There appears to be a deep state in this country comprising both Republicans and Democrats, which will not abide an outsider president.
"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros
Mr. Perfect wrote:
You dislike record low black and hispanic unemployment that much? Hmm...
LOL two quarters of Trump fiscal policy did all that especially since the numbers were diving before October 1 eh?
Depend on who you talk to. Lots of grey area.
True
Men often oppose a thing merely because they have had no agency in planning it, or because it may have been planned by those whom they dislike.
-Alexander Hamilton
The concern that crypto currencies have with 'double spending' justifies the blockchain transaction log, I get that. But the double spending that concerns me is the double entry book keeping that drives inflation through funding by deficit. Borrowing against the future to pay the present. My question is; is running the printing press possible with crypto currency, not that it's allowed because the number of currency units is fixed, but that fraudsters can hack into the top end and counterfeit more coinz? For example, maybe they don't assail an already established currency directly, but through a link with an ancillary currency that they dicker with.........
Mr. Perfect wrote:
Lol, still dodging as poorly as ever.
Sure, pointing out that your facts are 'alternate' is dodging. To dodge something, the object being thrown has to exist.
Why would a terrible person encourage good things for minority groups and pardon minorities left and right.
Umm what?
Men often oppose a thing merely because they have had no agency in planning it, or because it may have been planned by those whom they dislike.
-Alexander Hamilton
Miss_Faucie_Fishtits wrote:The concern that crypto currencies have with 'double spending' justifies the blockchain transaction log, I get that. But the double spending that concerns me is the double entry book keeping that drives inflation through funding by deficit. Borrowing against the future to pay the present. My question is; is running the printing press possible with crypto currency, not that it's allowed because the number of currency units is fixed, but that fraudsters can hack into the top end and counterfeit more coinz? For example, maybe they don't assail an already established currency directly, but through a link with an ancillary currency that they dicker with.........
All the Bitcoin whales are selling every time the market spikes creating a price resistance while telling everyone else to HODL! and wait for THE MOON!!!!
Men often oppose a thing merely because they have had no agency in planning it, or because it may have been planned by those whom they dislike.
-Alexander Hamilton
Mr. Perfect wrote:
The facts are minorities are doing better under Trump than obama, and is part of the reason why he polling so much better among them these days.
The facts are sustained job growth occurred for 6 straight years beginning in 2012.
But this year's economy is great. I will say Trump's economy so far doesn't suck. THANKS OBAMA!
Now, this is only a punch if you are in a contest to win elections. If you are happy to keep losing elections then of course it would not be a punch.
I always lose elections. I'm a Progressive.
Men often oppose a thing merely because they have had no agency in planning it, or because it may have been planned by those whom they dislike.
-Alexander Hamilton
Enki wrote:
The facts are sustained job growth occurred for 6 straight years beginning in 2012.
I think everyone agrees Iraq improved with the surge in Bush's last 2 years.
But this year's economy is great. I will say Trump's economy so far doesn't suck. THANKS OBAMA!
Trump's first year was better than any year under obama. It's looking like every year of Trump will be better than every year of obama. According to polls America is noticing.
I always lose elections. I'm a Progressive.
No, you guys won soundly in 2008. You just picked the wrong man for the job and blew it. I warned you, at the time. It was your one chance in this lifetime and you totally blew it. Every dream you ever had, was in your grasp, and due to your bad decision making, you blew it totally.
To dodge something, the object being thrown has to exist.