09/26/2015 Weekend Update

[uempel]

Al Dente, the indictment of Navinder Sarao is laughable. If the CME didn't want him to trade they could have blocked him. But I guess they made tons of money with his trades.

The 2008 Financial Crisis had catastrophic implications for millions of people. The culprits are well known. Hardly any of those guys went to jail. Many are still active in the financial industry. And even if their companies collapsed back then the culprits are now leading a comfortable life somewhere around the world. Last but not least: let's not forget Alan Greenspan, Bill Clinton and George W. Bush.

In many ways the US Judiciary is on the same level as that of Russia. If the Brits give in and extradite the small guy - shame on them. Deplorable.

[TraderJoe]

[tsf]

Source: Eternity101 ‏@Eternity100000 Sep 27, 2015

[tsf]

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Does this suggests path of least resistance is down? continuation has more chance than reversal?
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Source: verniman

[BullBear52x]

No time to post today, see my corner for update. Peace!

[Zane]

Boehner resignation cuts U.S. government shutdown risk
Boehner resignation cuts U.S. government shutdown risk
Boehner resignation cuts U.S. government shutdown risk
Boehner resignation cuts U.S. government shutdown risk

[DellGriffith]

Source: Eternity101 ‏@Eternity100000 Sep 27, 2015

Regarding the issue of tightening and crashes, the yield curve did not invert when they tightened in the mid 1990s. A yield curve inversion has been a prerequisite for recessions (although not a guarantee). in that case, it never even inverted, so no crash was expected nor occurred. In the 2000 and 2007 cases, the yield curve did invert.