XJO 0.24% 8,140.9 s&p/asx 200

I think the market/s are in a lot of trouble and that a lot of...

  1. 1,066 Posts.
    lightbulb Created with Sketch. 2158
    I think the market/s are in a lot of trouble and that a lot of badness is going to hit the fan with September redemptions from the hedge funds. They havent had to sell anything yet to meet the redemptions, apparently the redemption process takes about 6 weeks from application to getting the cheque in the mail. Mid August was the cut-off to get your money in September, mid august was when the guts has fallen out of the market and billions of dollars have to be found to pay everyone that wants to exit. That's were the Fed comes in they drop the discount window rate and start taking dodgy CDO's as colateral and push out the repayment window to 30 days everybody stays liquid no-one has to price their subprime to market . Now the Fed drops the cash rate, stimulates the economy keeps all the poor in a job and the strugglers to pay their mortgages. The wheels will fall off eventually.
 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.