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Apparenlty the World Fx market just took a nose dive

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Re: Apparenlty the World Fx market just took a nose dive

Unread postby eXpat » Tue 17 Feb 2009, 10:39:05

$this->bbcode_second_pass_quote('Leanan', 'D')enninger is now reporting that the Russian exchanges have been closed. Lock limit down.

Closed for 1 hour
http://www.rts.ru/a18285/?nt=120
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Re: Apparenlty the World Fx market just took a nose dive

Unread postby AlexdeLarge » Tue 17 Feb 2009, 10:59:40

$this->bbcode_second_pass_quote('firestarter', 'D')enninger has predicted ten of the last no crashes. That's in spite of the fact that since Nov he has been calling for a bounce in the 100 to 105 range on the SPY.


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Denninger is "The boy who cried wolf." His red alert increased his web traffic significantly over a few hours. His minions blamed it on the moonbats and tinfoilers picking his post up and making it go viral.

Note: we are the moonbats! ;)

But remember at the end of the story........... the wolf still came.
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Re: Apparenlty the World Fx market just took a nose dive

Unread postby Eli » Tue 17 Feb 2009, 14:42:04

Well on Denninger predicting 10 of the last no crashes, there have also been about 8 massive stick saves by the Fed and or the Treasury or some bs Warren Buffet rumor.
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Re: Apparenlty the World Fx market just took a nose dive

Unread postby Chuckmak » Tue 17 Feb 2009, 20:03:31

$this->bbcode_second_pass_quote('davep', 'E')xcuse me, this is probably my fault. I transferred $4500 from Euros to Dollars this morning. 8O


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Re: Apparenlty the World Fx market just took a nose dive

Unread postby Quinny » Tue 17 Feb 2009, 20:55:03

What i do find interesting is that there is little mention on google news, msn, even bloomberg where it's a minor item way down the page!
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Re: Apparenlty the World Fx market just took a nose dive

Unread postby patience » Tue 17 Feb 2009, 21:43:01

Amen, Quinny. They didn't mention the near-meltdown last Fall, either. Gotta go to the net to get real news.
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Re: Apparenlty the World Fx market just took a nose dive

Unread postby RonMN » Tue 17 Feb 2009, 23:18:33

I'll see your Amen & raise ya 2. The only reason I was looking for a currency market dislocation was the TV news (CNBC) casually mentioned it like a mild after-thought. My ear has gotten good at picking up those little blurbs & I started to look for it on-line...sure enough, where do I find any info on the subject...PO.com of course :)
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Re: Apparenlty the World Fx market just took a nose dive

Unread postby Cid_Yama » Wed 18 Feb 2009, 09:33:50

We do have an excellent Economics and Finance thread. We're kind of like Journalism used to be, where everyone is trying to scoop everyone else by posting it first.
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Re: Apparenlty the World Fx market just took a nose dive

Unread postby Quinny » Wed 18 Feb 2009, 10:27:35

Have you read Flat Earth News fascinating insigth into the decline of journalism!
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Re: Apparenlty the World Fx market just took a nose dive

Unread postby TheAntiDoomer » Wed 18 Feb 2009, 14:05:41

$this->bbcode_second_pass_quote('AirlinePilot', 'O')h my! Mr Denninger is really spooked tonight. Shut down their forums to non donating members tonight. This looks very serious. US futures are down but not hugely ......yet. Going to be an interesting morning.



Denninger? Was something broke on your computer and you had a IT question? I hope you were not seeking financial advice from geek squad.
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Re: Apparenlty the World Fx market just took a nose dive

Unread postby ReverseEngineer » Wed 18 Feb 2009, 15:38:43

$this->bbcode_second_pass_quote('Cid_Yama', 'W')e do have an excellent Economics and Finance thread. We're kind of like Journalism used to be, where everyone is trying to scoop everyone else by posting it first.


Yup. I beat ya to R. Allen Stanford Cid ;-)

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Re: Apparenlty the World Fx market just took a nose dive

Unread postby bluekachina » Wed 18 Feb 2009, 21:18:25

LOL :lol:

Can't let Cid be first every time.
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