-  249 close

told to see how Hong Kong mkt reacts

rumour forced SELLS in pipeline

art cashin told me

http://www.fool.com/investing/general/2016/01/05/will-2016-be-chesapeake-energy-corporations-best-y.aspx













http://www.fool.com/investing/general/2016/01/13/why-chesapeake-energy-corporations-stock-could-go.aspx

polybot i like to believe in personal reponsibility so the public must take some blame for taking on reckless levels of debt. however, the average person is not financially litereate and the banks didnt have to work too hard to got them on the debt cycle. i doubt too many people in brighton, in croydon, in east fife, or in wallsend were involved in manipulating interest rates, manipulating exchange rates, manipulating the price of gold, or money laundering for drugs cartles and terrorists. i also cant understand why the ppi scandal is known as the ppi mis-selling scandal as i think it was plain and simple fraud, people were sold products which were designed in such a way that they could not claim on them.
not really, anyone who took out a speculative loan they knew they couldn't repay thought they were pulling a fast one over on the bank and planned on profiting or securing through capital gains. not sure ignorance is an excuse anyway, the voters, politicians who take on massive debt to fund unaffordable social programs are just as irresponsible as the banks that provide the loans, perhaps more so.

the other thing that really gets my goat and which no one on here or in the real world has ever given me a decent answer to is the role of the big accoutancy firms in all of this. all the companies that went bust had audited accounts saying they were in good health not long before they went belly up. there should be nothing done off balance sheet imo and no shadow banking system.

but they did go broke, it's not like they got away scot free, but this is reality, i'm sure the horse buggy whip trade was very healthy up until the 20th century,then it collapsed under them.

iceland let the banks go bust and jailed bankers who engaged in illegal activity. they has a short sharp recession and things are now improving yet this doesnt get much news coverage.
good point, and obama jailed no one, printed trillions, bailed out all the banks that fund his campaigns, and wrote regulations for them that wiped out small er regional banks that were competing against them, and the media hail it as some sort of a success.

polybot

you blame the public and the government more than the 'banksters' despite me listing some of their huge scale frauds. the banks encouraged the public to go on the debt spree and the public were too stupid to see the consequences. if someone lied on a self cert mortgage that is wrong but werent such mortgages designed by the banks as another way of giving out the cash? it really isnt that hard to get proof of earnings from someone who is self employed as their tax return and bank statements will show how much they earn. we'll have to agree to disagree.

[b]but they did go broke, it's not like they got away scot free, but this is reality/b]
but they did get away scot free, the banks were bailed out and only low level people face the justice system. have the accountancy firms been held to account? i think not.

the big banks own both parties in america, paul ryan included multiple wall street give away in the recent highway bill. it was and is no different here.

'the chase' observation
sometimes i despair just how stupid people are. sadly society encourages this attitude. it is a sypmtom of our deep malaise.

for me the crux of the problem is that  real wages have been stagnant for most workers for 40 years and there has been no real economic growth. manufacturing was replaced with financial engineering and we have debt fuelled housing booms which create the illusion of wealth rather than actual wealth. at the same time the powers that be have encouraged the spend, spend, spend attitude in the public when they should have been promoting thrift. i guess this is why i blame the public less than you do as i see them as easily manipulated by corporations.

ps its nice but sadly all too rare to have a discussion rather than a shouting match on here.

Dow could end up higher end of week

wild swings arent a good sign but there is a rally today so far, who's brave (or should i say stupid) enough to join in?

you're not buying then x? but many 'experts' keep telling us its a great time to get involved.

i wonder what Matthew DiLallo is advising his clients to do today? is Chesapeake Energy Corporation a buy or a sell? maybe he hasnt thrown a dart at the borad yet so isnt sure?

x i got this from the zero hedge website

With Chesapeake Energy hitting its lowest stock price since 2000 earlier this week, it was only a matter of time before US gas giant Chesapeake halted all "discretionary" cash payments, which it did moments ago when it announced it would halt dividend payments on its preferred stock.

oh dear it looks like Matthew DiLallo's second piece of advice may have been better than the first, still i'm sure he gets paid no matter what happens to his clients' money.

Mohamed A. El-Erian ‏@elerianm  ·
With #stocks having endured volatile #volatility ,the #Dow ends the week slightly higher; and #oil is back over $32

Buffett lost a fortune playing the derivatives

China down 5% last night

forget the so called experts,of the millions auto enrolled into the worlds largest casino last year,with the piddling amounts theyve been asked to invest and the charges added ,most wont have a cent left in their accounts to take advantage of any future upturns,with the huge man made swings in the markets its irresponsible for a government to encourage joe public to enter this casino
they asked about 10 so called experts in davos on the beeb yesterday to forecast the oil price in 6 months time,the prices ranged from 0 to 80 dollars

.http://www.ft.com/cms/s/0/ebabbebe-c40d-11e5-993a-d18bf6826744.html#ixzz3yMzSFNSA

George Soros, the man who broke the Bank of England and, according to some, helped precipitate the Asian financial crisis has been warned off going to “war on the renminbi” by Beijing.
The warning, on the front page of China’s Communist Party mouthpiece, comes as Beijing is struggling to stem capital flight and support its currency, in part through massive intervention that has scythed its foreign reserves by about $700bn over the past 18 months to $3.3tn.

Soros’s war on the renminbi and the Hong Kong dollar cannot possibly succeed — about this there can be no doubt,” read a front-page opinion piece by a commerce ministry researcher in the overseas edition of the People’s Daily headlined “Declaring war on China’s currency? Ha ha”.

Last week the billionaire investor told Bloomberg TV he had bet against the S&P 500, Asian currencies and commodity-linked economies, while going long on US Treasuries.

and £47.50 for the barrel

February is currently on something of a roll. Since 2009 the market has been up every year in February. This is a far better record than any other month of the year.
http://stockmarketalmanac.co.uk/

China's debt avalanche is the biggest worry
Chu said China's debt boom may even be the world's biggest in such a short period of time.
"The size of banking sector assets has gone from $9 trillion in 2008 to $30 trillion at the end of 2015.
"If you look at the return on credit, which is the way we try to estimate losses in the system, because there's so much credit outside the loan portfolio, it looks to us like we could have a nonmperforming asset ratio of around 22 percent," she said.
http://www.cnbc.com/2016/01/29/chinas-debt-avalanche-is-the-biggest-worry.html

Twenty-two per cent of $30 trillion = a loss of $6.6 trillion.

I mean, I've had some bad months on here, but that sort of money would take a bit of getting back imo.

err, can't think of anything to put in the positive column right now. Anyone?

Negative factors	Positive factors
Oil price collapse symbolic of weak worldwide demand
Chinese $30 trillion debt
Brexit
Worldwide debt
ISIS
European migrant crisis
Hong Kong real estate bubble collapsing
Banks bad debts still a problem after 2009 crisis
UK Consumer credit binge

The one positive thing that catches the eye is that the market as it stands at the minute is only 30 points lower than it was nearly six months ago last August.

It went lower in the middle of last month and was supported at that level.
The it rallied. Now it's getting knocked back this week locking in all the bargain hunters.

What we have to decide is whether the support and  rallies are an indication of the smart money accumulating shares for the long term - more buying than selling.
Or them simply trading the market, which will suck in more investors before bigger drops. 

The prospects for company profits is what drives share prices in the long term. So anything that affects that has to be closely watched. 
If things are so bad then why is the market going sideways instead of down?

If it doesn't drop soon then the smart money must think that the shares are fair value at this level, or they'd let them drop until they were.

FTSE all share bottomed and ended the day on the 24 August at 3245.

As I write the FTSE All Share  stands at .....................3238.

Same situation with the FTSE.

I'm not going through all your other figures. We're talking a different language here. I'm on about the turns, trading, and support levels.