Posted on 08/24/2015 7:43:54 AM PDT by Biggirl
The global market crash continued on Monday, starting with China and then continuing around the world.
(Excerpt) Read more at breitbart.com ...
China as a fixed exchange rate for its’ currency to the US dollar. China does not let the “free market” set the value of its’ currency. Lots of folks are very upset and call China actions currency manipulation.
One other note, outside of bond/treasury transactions the reported trade differences are a summary of all the different transactions taking place between all the different companies and not a real account in any way - some people don’t realize that when they here the news.
Thanks for that.
Aren’t the Chinese and Russians and others trying to replace the dollar as the world reserve currency?
Yes and the Iranians too.
“Yes and the Iranians too”.
When we are in the greatest danger in our history, we have an enemy occupying our White House.
Wouldn’t that be PPST?
Plunge Protection Soros Team
/s maybe
Bookmark
Well, it’s coming back up. From the low this morning of around -950 it has started a rebound and is now down -278, but that is still a bite.
Ok, so you’re saying that most likely the exchange rate-—whatever it is-—is already factored in with the “adjustments.” Right?
Doesn’t matter. It is not coming back. The Feds are buying everything in sight through the banks. Next 60 days should be carnage.
Are you short the market? If its going down for sure, that’s a winning strategy.
Right now I am only trading for the day.
I can tell you today, for the first hour I could not get anything to fill either way buy or sell.
I am only trading short. Do not trust this market. I also think China/Russia are in open warfare with the US via currencies and markets.
Next 60 days will get very ugly. I expect DOW 7000 by elections.
Congratulations on you convictions. You’ve actually put up money.
Now I’m buying long and think the market makes new highs this year.
One of us will be right, but that’s the very definition of a marketplace.
Since I trade intraday only, my risk is very limited and that is all I am willing to risk. I make my money for the day and I am out.
I also realize there is not much strength in these markets. If it were not for the PPT we would be down 5000 today or something outrageous like that.
Yes - it moves up and down in the contract depending upon how its factored. I do know my company got hammered once with the Indian exchange rate between 2006 and 2009 because it wasn’t factored in both sides of the equation only one side. So it was just assumed that the currency fluctuation would only be one sided.
Even with the factoring the problem is it will impact margins up to a couple of a percent in any given quarter. And of course the stock owners don’t like to consider normal fluctuation variability - as opposed to significant events that are accounted for.
Thank you.
How do you like your crow cooked?
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