Stock Market: Correction or Crash?

[macdon02]

Anyone looked at a TSX chart? Lol why would anyone invest in Canada? We have basically flat lined since '14. You have to be extremely selective and lucky to win in this country. I guess if you invested USD into Canada you'd win on the exchange but no reason to buy equities otherwise.

[Rareearth]

Can’t remember where I saw it but there are Wall Street companies being sued for intentional “VIX Fixing”

. Basically they place buy or sell future options bids/offers with no intention of ever having them filled, something about no margins, pulling of bids I can’t remember exactly how it went. Serious enough to the exchange Police😬 are involved

[malleefarmer]

U.S. has a 100 trillion in unfunded liability. Basically the country is insolvent. Congress and the Dunce don't get it.

Wasnt this Govt debt,a problem for usa maybe 8 or so years ago and has ballooned out.

Speaking of which New Zealand a economic powerhouse apparently had strong conservative govt for not sure how long maybe 12 years but traded with surplus may quite a few cuts to get it back in shape.

A socialist leaning govt been in for maybe 6 to 8 months are talking deficeit in there budgets already with some of there spending programmes must be hard to balance correct

[Rareearth]

Whistleblower Alleges Manipulation Of Cboe Volatility Index: Wall Street's most widely followed gauge of future stock market volatility is being manipulated, a law firm representing an "anonymous whistleblower" alleged in a letter to U.S. regulators and seen by Reuters. The accusations prompted Cboe Global Markets, the financial exchange operator that is home to the Cboe Volatility Index <.VIX>, to ask Wall Street's self-funded regulator, the Financial Industry Regulatory Authority (FINRA), to look into the matter, two sources familiar with the situation said. In addition to the letter, the law firm said it had filed a formal complaint with regulators on behalf of the unidentified client. The complaint says regulators should look at trading data for proof of alleged manipulation. The letter, dated Monday, alleged that trading firms had taken advantage of the way the VIX is calculated in order to manipulate the index, costing investors nearly $2 billion a year. The whistleblower's letter alleges a flaw in the calculation of the VIX that allows trading firms to manipulate the VIX index by posting quotes for S&P 500 options, without actually trading. So far, regulatory agencies have not commented. (Source: Reuters)

[errolanderson]

Now stir in a global retaliation to Trump’s steel and aluminum tariffs. Things could get pretty messy, pretty quick. What comes around, goes around when it comes to trade protectionism (IMO).

Strap-in . . . Big equity/ commodity volatility possible ahead.

[farming101]

I'm running out of straps!

Agree, more volatility. Would not be surprised to see overall lower DOW with 23700 possible within 3 wks

[errolanderson]

U.S. taking a huge risk with a 25 percent steel tariff. Global economy is far bigger than the U.S. economy. Global retaliation may be swift . . . .

[farmaholic]

Did Errol say, "strap in or strap on"?
Either way it might be a wild ride?

Another display of my warped sense of humour. I looked for a video clip of Family Guy where that quote came from but couldn't find one of just it. Download a program and learn to edit my own.

[macdon02]

Inflation is gonna show when least expected and wanted. I like this. Sorry steel your taking one for the team. We already have the pulse fiasco. Anything that'll drive down USD short term I'm ok with, let's see 78 on DX. It'll pretty much write in stone that Justin is done. Wrong place wrong time.

[biglentil]

Commodities are in the shitter already, not even boat loads of freshly printed monopoly money can prop em up.

Oh and anyone that has any ole $1000 bills under your mattress take em to the bank. The Canadian Central bank has decided its not legal tender anymore. $100 dollar bills slated for the chopping block next and the nickel. Save your pre 1981 nickels they are the last form of real money that exists, .999 nickel. Won't even be able to use the term "cash is king" anymore because soon it wont exist.

[farmaholic]

Rumour has it those cash bills have more value as collector items than currency!

[errolanderson]

More market turbulence straight ahead . . . now Trump’s top economic advisor has resigned Gary Cohn.

[grassfarmer]

More market turbulence straight ahead . . . now Trump’s top economic advisor has resigned Gary Cohn.

Must be too much winning LOL

[biglentil]

Once the Titanic hit the iceberg there wasn't a single captain on earth that could prevent her sinking. The band continued to play to the bitter end. No different than the current world economic situation. The iceberg was struck in 1971 with the abolishment of the gold standard.

Oil futures in Chinese Yuan backed by physical gold comes online this month. Also Iran just banned the use of USD for trade of oil and other goods. Ghadaffi and Sadam where taken out for trying to do the same thing. Is the US going to take out the leader of Iran and China?

[errolanderson]

White House has turned decidedly protectionist with Cohn resigning. This could ignite a full-on global trade war . . . and not good for any markets (including commodities).

USDA must fuel the bull on Thursday to maintain grain price strength or markets vulnerable (IMO).