2016 - A tough year?

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Genosis said:
Errrrmmm guys... I dun think people in the corporate world/ wall street really cares about long-term environmental problems (except Elon Musk :o)They might sound/act like they care a lot, but they are merely paying lip service.

Earth is not going to feel significant effects of El Nino until many decades later. By then, most of us here will no longer be around/ too old to bother about it.

Sure, parents and grandparents are saying 'Oh, I want to leave a better and cleaner world for my grandchildren and great grandchildren. Blah blah blah....' yea right...:s8:
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Exactly. TS is overrating impact of el nino on performance of 2016.

Sent from your gal nex door using GAGT
 
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pcuser123 said:
Read the post. dun think he said Saudis are suffering from mountain of debts.. cannot be suffering from financial deficit and may go even broke?

http://www.telegraph.co.uk/finance/...broke-before-the-US-oil-industry-buckles.html
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That's an old article that you linked to. The shale oil producers in the US are slowing down now. But, the Saudis are incurring a deficit of approximately 20% of their GDP - correct me if I am wrong here. Anyways, the Saudis are good for another 4-5 years.


pcuser123 said:
As for whether this EL-Nino is moderate or not. If one read from Peru Weather report, they will say moderate but the one from US will say otherwise

http://www.sbs.com.au/news/article/2015/12/31/nasa-scientists-warn-el-ninos-full-impact-yet-be-felt

http://www.weather.com/news/climate/news/el-nino-outlook-strong-possible-may2015
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Ok, so the latest info says strongest El Nino ever. Good! We can see from the past that Strong El Ninos have nothing to do with market routs. :)

http://ggweather.com/enso/oni.htm
 
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skyjuicetse

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Tomorrow market definitely down.. not becos of El-Nino but becos of DOW very poor performance. DOW likely to drop triple digits if it does not turn back up to test the resistance.
 
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skyjuicetse

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skyjuicetse said:
Tomorrow market definitely down.. not becos of El-Nino but becos of DOW very poor performance. DOW likely to drop triple digits if it does not turn back up to test the resistance.
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17,200 will be the target. should reach within the week
 
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skyjuicetse

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IronMac said:
That's an old article that you linked to. The shale oil producers in the US are slowing down now. But, the Saudis are incurring a deficit of approximately 20% of their GDP - correct me if I am wrong here. Anyways, the Saudis are good for another 4-5 years.
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This should tell us something is not right in Saudis

saudi-arabia-foreign-exchange-reserves.png
 
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Shiny Things

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skyjuicetse said:
It is as if FED never raise rate. The effective FED interest rate crashed at year end to 0.12%. Also, Fed was seen to sell record $475 billion to banks raising the alarm that something is not right at FED.
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Hang on, this isn't right, this is not even wrong. The guy who wrote that Yahoo article has no idea what he's on about. He's scaremongering.

Here's what actually happened. This is going to get boring and nerdy, but it just sh!ts me right up the wall when people who should know better go scaremongering about normal everyday market movements.

Banks like to have a lot of cash on hand over the turn of the year - but not too much. It looks like when it came to December 31st, the US banking system had a whole lot of cash on its balance sheets - more than it needed to hold. So banks placed that $475 billion with the Fed through its reverse repo program; it's not "selling $475 billion to banks", it's "the banks depositing $475 billion with the Fed, for four days over the turn of the year, in loans secured by US government bonds".

I don't know where they got "0.12%" for the Fed Funds rate from, unless it was from that Zerohedge post that didn't cite a source either. The fed funds market trades back and forth at different levels during the day; that 0.12% might have been a small trade, or even a really weak offer that never got traded on. The NY Fed hasn't posted the Dec 31st Fed Funds fixing yet, so nobody, especially not Zero Hedge, knows what the rate was.

And Third Avenue Credit's blowup has nothing to do with the Fed hiking rates, or with volumes in the Fed's reverse repo facility, or anything else in the article. The dude at Yahoo is trying to connect two things that have nothing to do with each other.
 
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skyjuicetse

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Shiny Things said:
Hang on, this isn't right, this is not even wrong. The guy who wrote that Yahoo article has no idea what he's on about. He's scaremongering.
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But the author, Jared Blikre, is a producer at Yahoo Finance Services. Not Tom Dik and Harry. He must have a reason to scare the media; otherwise, he would be singled out for attack. 20 years of Credibility at stake. Let see if this is true.

https://www.linkedin.com/in/jared-blikre-14648044
 
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IronMac

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skyjuicetse said:
But the author, Jared Blikre, is a producer at Yahoo Finance Services. Not Tom Dik and Harry. He must have a reason to scare the media; otherwise, he would be singled out for attack. 20 years of Credibility at stake. Let see if this is true.

https://www.linkedin.com/in/jared-blikre-14648044
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Well, that doesn't mean that he can't be wrong nor that what he wrote doesn't make any sense.
 
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fireblazt

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I read the Yahoo article and it's like reading ancient greek a.k.a totally no clue at all.
 
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skyjuicetse

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The Asian Market is "welcoming" the first trading day of 2016 with a down fall. Futures of the West has just picking up steam to fall. Will not look good for the whole year if this continues for the first 5 days of the new trading days. Lets see how the rest of the days will go..

http://tradingsim.com/blog/january-effect/
 
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