Black Monday

[Sideshow Bob]

Time to look after our farmers. The $$$ that are going to be lost in export earnings and tax take are becoming material.

GDT took another big hit overnight.

Could start to get very painful.....

[Muse]

NZD/USD back in the fifties! Jesh when did that happen. Good for some, painful for others.

[winner69]

NZD/USD back in the fifties! Jesh when did that happen. Good for some, painful for others.

And sinking v GBP …..back to 2016 levels ….and punters say UK economy stuffed

[Daytr]

A fairly sizeable punt!
https://www.cnn.com/2023/08/15/inves...ash/index.html

[DavidB]

NZD/USD back in the fifties! Jesh when did that happen. Good for some, painful for others.

I was living in the States in 2000 and 2001, and the exchange rate got right down to 48 US cents to the NZD that I can recall. It wasn't pretty, although it was great coming home. Popped my American ATM card into the machine in Auckland and out came a bit over NZ$200 for my US$100! The NZD was like monopoly money. Hmmm.....? A Labour government was in power then too. Funny that.

[stoploss]

I was living in the States in 2000 and 2001, and the exchange rate got right down to 48 US cents to the NZD that I can recall. It wasn't pretty, although it was great coming home. Popped my American ATM card into the machine in Auckland and out came a bit over NZ$200 for my US$100! The NZD was like monopoly money. Hmmm.....? A Labour government was in power then too. Funny that.

It hit .40 Oct 2000

[DavidB]

It hit .40 Oct 2000

Wow, it got as bad as that! It was a long time ago, and I remember it definitely been in the 40s. Even though I rented my house out while I was away, there was absolutely no point in bringing NZ money to the US. it was just a joke.

[winner69]

First time I went to USA I got about US$1.20 for my NZ buck

[bull....]

ocr unchanged , i see there ocr tracking has stretched out further now before cuts come

[Gerald]

A fairly sizeable punt!
https://www.cnn.com/2023/08/15/inves...ash/index.html

13 F's report notional value of the underlying security, not market value of the options. He could have in theory only spent a few mil just deep out of the money, really short dated or a combo.