I heard something interesting related to the world economic meltdown. It was suggested this could be the result of economic terrorism. This week it was reported that the World Bank had been hacked several times over the past year or so. We know that there are many active, experienced hackers in Russia and China who have made it into some very sensitive computer systems in recent years.
There has been a lot of activity at the last minute on the stock exchanges that send indicators downward. This last minute activity happens so late in the trading day, that the markets don’t have time to respond.
Makes me think. Has the world been plunged into the pages of Tom Clancy techno thriller novel playing out on the reality side of the book?
Well thought out comments are welcome.
Oh yes! "Debt Of Honor"! I forgot about that Clancy classic! Rewritten the "bad guys" would be Russians and NGO terrorist types hacking away on their computers!
Marcus, true, but people are behind the computer programs that trip at the last minute. Who is behind the "snipes"?
It’s rather like "sniping" on eBay…..
Trading indicators are best used along with money management and good risk control, using trading indicators alone will not enable you to be a successful trader, even if you learn everything about day trading indicators the market is just too random and unless risk is controlled, over time your account will slowly get wiped out, regardless how good a “trader” you think you are.
This question was about day trading indicators and there have been some pretty good answers that should help in your trading, and especially in relation to day trading indicators, the answer has been posted in the categories listed below:
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1.) No, I don’t thik so. The late-day plunges (or surges) are due to computer programs, but they’re buying or selling at points that regular traders / fund managers loaded. It’s just that with the market where it is – everyone and all such programs are on a hair trigger and they’re all firing together.
The root cause of this cluster is obvious.
We wrote each other too many loans that the borrowers couldn’t pay back, and the loan-writers weren’t going to be carrying those loans – they intended to sell them anyway – and this went on and on.
2.) If there was any "terrorism" is was Barney Frank and Barrack Obama and well-intentioned like politicians REQUIRING banks to disreguard risk because home-ownership is (they would say) a RIGHT even those without money should have.
We are all now buying homes for the entitlement crowd – because the government (us) won’t foreclose on those who never should have gotten those loans in the first place.
That patter lead to the housing bubble and subsequant slump. Now we’re ALL up-side-down ; owing more than our houses are worth. Some of us will pay our way out of it. Some of us will walk away from these over-inflated mortgages taken on over-inflated house prices – which causes values to decline more (more vacancies, more foreclosure, less value in the surrounding owner-occupied houses) – and the cycle spirals down.
When house prices stop falling (and pending home sales are UP! yeah!) – - then the ambiguous "Mortgaged Backed Securities" that are so difficult to value (and so which are the asset no-one can assess) – will firm up. And then we can all try to live happily ever after again.
You have very good imagination and should consider to write a book on this.
why does Debt of Honour come to mind? Anyway what I point out is the the markets never close, not completly, trading still goes on. Take PRC they buy and sell in dollars the Yuan isn’t exactly a proper currency. I tend to think its more Govt positioning over currencies which is in part to blame, might be wrong but that’s my two penny worth.
I agree with you 100% Tom Clancy is my hero I read his books day after day..
I agree with marcus on this one. There was a comment on one of the Cable News Networks about this that went something like this – Reagan and Bush Sr. Set the logs, Clinton put them alight, and Bush Jr. has been pouring gasoline on them. Congress has been busy bringing kindling and building a better blowtorch the whole time.
I’d say the smartest thing to do at this point is to think very carefully about who you really want to elect as leader of the country. I’m not saying one candidate is better than the other – I view it as the lesser of two evils, until Nader and Barr got into the ring that is. May still be so, not sure.
One thing is certain – what has been going on is damn close to sedition or treason, I’m having a hard time figuring out which!