Asian stock exchanges take a tumble..

[Beso]

https://www.cnbc.com/2022/06/13/asia-markets-china-economy-us-federal-reserve-currencies-oil.html


I wont even try and say I know what that all means, but it nust be important.

[UserSince2005]

Time for the reset :lovedup:

[user104658]

Everything has been dropping in the West for a while; Asian markets then tend to follow as they have such huge manufacturing economies... but their market is West. So basically West tumbles, buying power reduces, East follows.

Oil and Gas are (more or less) the driving forces in all of this currently. You could loosely say the war in Ukraine but that's just the issue of the moment - the larger elephant in the room is that as fossil fuels become more scarce (and eventually run out) there are going to be major global disruptions until a stable alternative is found (as yet, there isn't one, due to the vast resources needed to convert everything to electric, and the fact that everyone **** their pants over nuclear energy so we don't have the grid capacity for going full-electric or even close).

[ThomasC]

It's because interest rates are likely to be hiked this week.

Investors are scared.

Also COVID in China.

Inflation generally, COVID, russian/Ukraine.

The whole market is tanking today. My stocks have been on a decline for a while now and I keep losing money. It will recover though, but will likely get worse before better.

Thankfully, the two stocks I'm invested in are an EV company and an energy one......I'm still down 50% on my energy and up 4% with my EV stock, but it has tumbled loads.

Investing though is long term so just need to ride it out.

[user104658]

I selfishly added to the market volatility by dumping all of my stocks & crypto two months ago before they started tanking :umm2:. Not that I'm a huge investor or anything, just hobby investments. I can't see the market heading back up for 6+ months so better to buy back in when it hits the bottom.

I did keep my meme coins though (Shiba Inu) :laugh:. We believe in you Shib!!! You can do it!

[user104658]

A good friend of mine (way back to our teens) is high-ish management at a major investment company and likes to occasionally send my scary pictures of red screens lately :hehe:. A fair bit of panic in the industry of late.

To sum up as best as I understood what he was saying - market volatility is obviously "normal" but these big investors have "safe haven" investments that are extremely stable... usually... and when things get rocky they dump all of the high risk investments and put all the money into those. He's been with them over 15 years and this has been standard stuff. Except in the last 6 months... there have been occasions when they've gone to dump the high risk and transfer, only to find that those "unshakeable stocks" are also all red. Or in short; there's no safe-haven stocks... nowhere to protect the investments :umm2:. There's "Very risky", "Risky" and "A bit less risky".

[bots]

my crypto stocks have completely bombed since the war began, i just dont look at them anymore :laugh:

Crypto was always a risk though, its certainly not something i would put my life savings into. What will be interesting going forward, is what are the pension companies going to do if the uncertainty in the markets continues much longer

[ThomasC]

A good friend of mine (way back to our teens) is high-ish management at a major investment company and likes to occasionally send my scary pictures of red screens lately :hehe:. A fair bit of panic in the industry of late.

To sum up as best as I understood what he was saying - market volatility is obviously "normal" but these big investors have "safe haven" investments that are extremely stable... usually... and when things get rocky they dump all of the high risk investments and put all the money into those. He's been with them over 15 years and this has been standard stuff. Except in the last 6 months... there have been occasions when they've gone to dump the high risk and transfer, only to find that those "unshakeable stocks" are also all red. Or in short; there's no safe-haven stocks... nowhere to protect the investments :umm2:. There's "Very risky", "Risky" and "A bit less risky".

The market is ridiculously corrupt. Hugely manipulated by darkpool for one which is like a hidden backpassage. Retail do not stand a chance because they haven't got the money to fight against huge institutions who will short stocks. The SEC doesn't care and allows it to carry on

my crypto stocks have completely bombed since the war began, i just dont look at them anymore :laugh:

Crypto was always a risk though, its certainly not something i would put my life savings into. What will be interesting going forward, is what are the pension companies going to do if the uncertainty in the markets continues much longer

Yeah I don't look at my portfolio much these days.

I use stockwits to check the stock prices and sometimes read the comments/post, but I don't like to see what my balance is.

I'm down about 9k at minite

[user104658]

Crypto was always a risk though, its certainly not something i would put my life savings into. What will be interesting going forward, is what are the pension companies going to do if the uncertainty in the markets continues much longer

Indeed, my friend works in a large pensions and investments company (spreadsheets with figures into the 10-digits) and that's what he was telling me about, the safe things they usually use to "turtle up" and weather market volatility are also not behaving as predictably as they have historically... and when you're talking figures into the billions, a tiny percentage drop represents millions of £. Crazy stuff really.

[arista]

China is causing all this

I posted the other day 4 Main China banks
blocking Cash Withdrawals.

They have loads of Properties unfinished

[arista]

https://www.thisisbigbrother.com/forums/showthread.php?t=381198&highlight=china+banks

Check the Video News Report
on my link

[arista]

QnAsBCsABbk

[bots]

china isn't causing it Arista, you are seeing symptoms in China

[arista]

China isn't causing it Arista, you are seeing symptoms in China

OK, but they have Terrible problems
Banks saying No cash can be withdrawn.


If we get to that
UK Banks will get attacked.

[user104658]

china isn't causing it Arista, you are seeing symptoms in China

OK, but they have Terrible problems
Banks saying No cash can be withdrawn.


If we get to that
UK Banks will get attacked.

As BOTS says this will be because of the issues rather than the cause - it sounds like Chinese citizens are trying to withdraw as much as possible and hoard as cash, which is quite common when people hear that there are potential issues with the banks (as no one wants to end up without access to their cash). But cash is just the paper representation of funds... or in other words... if too many people try to take their money as cash, there might not actually be enough cash to go around. It doesn't mean the money doesn't exist, but they won't be able to get it in paper form... that's why they'll be blocking or restricting withdrawals.

In years past I'd have said they should just convert their bank funds to stable crypto and store it that way - but that's not even close to being a safe option at the moment.

[arista]

"It doesn't mean the money doesn't exist"



Of Course TS
China Banks keeping the Cash
to pay off massive property debts

[arista]

If Banks go dodgy in the UK
all customers stands outside
waiting to get their Cash


Dodgy Gordon Brown the Failed Prime Minister time,


2008
https://upload.wikimedia.org/wikipedia/commons/thumb/b/b4/Northern_Rock_Queue.jpg/440px-Northern_Rock_Queue.jpg

[arista]

https://upload.wikimedia.org/wikipedia/commons/thumb/5/52/Northern_Rock_Customers%2C_September_14%2C_2007.jp g/440px-Northern_Rock_Customers%2C_September_14%2C_2007.jp g

Golders Green

[bots]

the world has moved on since 2008. People no longer rely on having wads of cash in their wallets

[arista]

the world has moved on since 2008. People no longer rely on having wads of cash in their wallets


Sure
But withdrawing Cash
is all legal
And would happen again

[arista]

$76 Billion Wiped Out From Indian Stocks


Gravitas Part 1
WION HD SkyHD Ch523

[arista]

A Barrel of Oil is $120

Russia is selling it for $90

So India is buying from Russia.
Ignoring USA Advice


Also buying direct from Russia:

China

And the First 100 days of the Ukraine War:
Germany
Italy
Netherlands
Tukey
Poland
France
Belguim



Live WION HD Part1 Gravitas

[user104658]

A Barrel of Oil is $120

Russia is selling it for $90

So India is buying from Russia.
Ignoring USA Advice



Live WION HD Part1 Gravitas

We live in a world that was pushed towards free-market neoliberal globalisation...

If Russia is selling oil at $90 a barrel, then a barrel of oil is $90. If a frozen pizza costs £5 at Tesco and the same pizza costs £3 at the ASDA next door, you don't say "That pizza costs £5!"

[arista]

2 Trillion dollars
lost on Bitcoin
over the last 2 months


Gravitas WION HD

[bots]

as TS is pointing out, if russia is selling oil cheaper then that drives the price down, it's how the market works

[Zizu]

Bitcoin is also collapsing apparently..

https://uploads.tapatalk-cdn.com/20220614/46ed780b8316de23d69f6f4a5c565746.jpg


Sent from my iPhone using Tapatalk

[arista]

South Korea Government wants to remove the Minimum wage
so they now have massive Strikes




Ref: Gravitas
Pt.1 WION HD

[bots]

i know crypto is bombing, i just need to look at my portfolio :laugh:

[arista]

[In September 2021
El Salvador became the first country to adopt bitcoin
as legal tender, forcing local merchants to accept it
as payment. Started 16 Feb 2022]


They were warned at the time,
it was a Dodgy Gamble to be
only using Bitcoin



BBCworldNewsHD
just said El Salvador
dismisses Bicoin worries

Finance minister says crash
carries minimal fiscal risk.