The first thing is Gaps on the first day of a new contract have never closed on the day in the 6 contracts that I have followed. Second There is going to be a few shorts in a bit of a tiz this morning.
Its wild, I happen to think what they did was needed, if you wanted Brazen to have a homeloan. That said its also a little unfair to change the rules half way through a game just because your losing..Thats bad playground etiquette.
Interesting comment on Bloomberg. Someone said "everyone wanted to privatise their profits, but socialise their losses". All the CEOS and big guns have sailed off in the sunset with their superprofits, but leave the mess for the Fed ie. taxpayer, ultimately everyone else to pay for the losses. The world is not fair. Tough *****! Deal with it!
I wanna sue the British goverment because I was short OML and INL and now, because of their sudden interference in the markets, some of my profits will be eaten up. Thank goodness we live in South Africa, not in Britain or America, where goverment officials change the rules of the market (not to mention starting wars) just because their investments are tanking. Another gripe that I have with those clowns is that they are creating more funny money now to try to escape from their crisis than Mugabe ever printed in his entire career. Are there any insurance schemes out there that protect one from investment losses stemming from foreign government meddling in the markets?
If there was ever a reason to be short the dollar, and get all your Pension funds and mutal funds and RA's out of the USA. Now you see how much money the USA is prepared to print. Reminds me of another idiot in Zim - who? Uncle Bob.
It's unbelievable. Feel as if we've stepped into the Twilight Zone. Bottom line tho, you can't control the market, and this will only be a short term fix. Doesn't make me wanna go long, that's for sure.