Black Monday

[winner69]

Fascinating from ANZ …lot of cash gone into crypto.

Buy high: ANZ card spending on quasi-cash and a hodge-podge of other financial payments (a category dominated by crypto) suggests that kiwis' peak crypto purchases have unfortunately tended to be when Bitcoin was worth about twice as much as it is now. Probably typical globally.

[causecelebre]

A lot of the money in Crypto has gone into fiat backed stablecoins.

[causecelebre]

Looking at the new posts today looks like ST has been hacked and some of the accounts : Bull, Waltzing, Entrep (probably all of us) have been compromised

[bull....]

big night tonight US markets they broke out of recent trading ranges last night.
might be confirmed the breakdown tonight on the US Inflation data.
Even the NZX is back at the bottom of its trading range that it has been in since may 9

Inflation rose 8.6% in May, highest since 1981

https://www.cnbc.com/2022/06/10/cons...-may-2022.html


US markets down at this stage
confirms the breakdown

[bull....]

Dow falls more than 600 points after inflation hits 40-year high, consumer sentiment plummets

https://www.cnbc.com/2022/06/09/stoc...-to-close.html


another savage session on wall st ends down again .. not surprising it was a terrible inflation report which means plenty more pain coming for markets as the fed is getting further behind the ball.

NZ & AUS markets should open well down monday barring the unexpected

[alokdhir]

Dow falls more than 600 points after inflation hits 40-year high, consumer sentiment plummets


https://www.cnbc.com/2022/06/09/stoc...-to-close.html


another savage session on wall st ends down again .. not surprising it was a terrible inflation report which means plenty more pain coming for markets as the fed is getting further behind the ball.

NZ & AUS markets should open well down monday barring the unexpected

As Dow and Nasdaq not yet made new lows ...so most likely we will also hold our previous lows ...11000 will hold for the moment !!!

[Balance]

Someday this war is gonna end.

https://www.youtube.com/watch?v=ZgkIqU15WO0

Meanwhile, enjoy the smell of napalm in the morning.

SELL

SELL

SELL

SELLLLLLLLLLLLLL

[SailorRob]

Indeed a glorious morning for those who intend to use current net cash flows to purchase a share of future net cash flows at cheaper rates from their fellow business owners.

I'm about the only person who has absolutely no clue at all at which price other owners will choose to offer to transact at in the near future, but this morning sure looked good.

[bull....]

Indeed a glorious morning for those who intend to use current net cash flows to purchase a share of future net cash flows at cheaper rates from their fellow business owners.

I'm about the only person who has absolutely no clue at all at which price other owners will choose to offer to transact at in the near future, but this morning sure looked good.

the only problem is your be guessing to a degree what those future net cash flows are going to be.

[bull....]

BEIJING (Reuters) - Beijing's recent outbreak of COVID-19 that has been linked to bars in the capital is "explosive" in nature, widespread in scope and complex, a Beijing government spokesman said in a briefing on Saturday.

https://www.usnews.com/news/world/ar...govt-spokesman

this might not be good news for markets to start the week. also got the the fed meeting next week so all in all should be a wild week