Mish's Global Economic Trend Analysis |
Saxo Bank CIO Jakobsen Predicts Another "Shock Drop" in Markets; Addicted to Cheap Money Posted: 22 Oct 2014 09:52 AM PDT Inquiring minds are tuned into the Saxo Bank's 4th Trading Debate on Volatility and Performance. Another "Shock Drop" in Markets Saxo Bank CIO Steen Jakobsen says Another 'Shock Drop' is Coming and it's Coming Soon Steen takes the view that central bank policy is creating a 'fantasy land' for investors and he points out that the recent 'day dive' in markets was a closer reflection of reality.China Replicates West's Mistakes Says Trading Panel Martin O'Rourke, Managing Editor of Saxo's TradingFloor.Com says China 'Replicates' West's Mistakes "China's lesson from the Asia crisis of the 1990s was never to be beholden to the West for debt," Director at Fathom Consulting Danny Gabay said. "Our concern is China will mismanage what increasingly looks like a hard landing."Martin Wolf Bearish on Markets and China In another Trading Debate panel Martin Wolf Says He's Bearish on Markets. Martin Wolf, chief economics commentator at the Financial Times and one of the main speakers at Saxo Bank's #TradingDebates event in London today. "The world is never out of the woods and people will always get lost in them," he said.Major Bear Market Coming My view is that 1810 on the S&P would be only the beginning of the bear market that is to come. 1500 or even 1200 on the S&P would not shock me. Once sentiment reverses for good (and it will), I highly doubt that even more cheap money will help the markets. But I offer no timeframe. In contrast, Steen made a call with a timeframe and a short-term one at that. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com |
US Airdrops Load of Weapons Into Hands of ISIS Posted: 22 Oct 2014 09:17 AM PDT In yet another embarrassing moment for the Obama administration, Isis Claims it has US Airdrop of Weapons. A US airdrop of arms to besieged Kurds in Kobani appears to have missed its target and ended up in the hands of Islamic State (Isis) militants.Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com |
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