|
Post by seanismorris on Jun 26, 2016 23:52:15 GMT -5
Short covering?
I think de-risking is more likely.
That would be a negative for MNKD...
Fortunately, my other stocks will likely do well with a general sell off. I own NLY & TAHO.
MNKD had built up a bit of momentum (last week), but we're at another pivot point.
I don't make any decisions hoping for a short covering. Those are often a pipe dream...
If you've initiated a trade in MNKD recently and you think the market is due for a correction, selling MNKD would probably be the smart thing to do. Personally, I'm going to wait for a direction first.
|
|
|
Post by victoria on Jun 27, 2016 3:30:33 GMT -5
We might see a bit if a correction in our markets, particularly with companies doing businessnin Europe. I think though money should flow from European markets into the US markets? Where's our UK MNKD.proboards correspondent with an update for us? Hello. One newspaper headline today says it all: a picture of parliament and a caption "the lights are on but there's nobody at home". The sense is of a country in suspended animation aboard a ship with a zombie crew. Some wit commented that even the Titanic had a captain. There is no plan. Even the winning side probably didn't really expect to win. There is a prime minister who has decided to resign (just not yet), an opposition party where twelve cabinet ministers resigned in the last 24 hours, and moves afoot by Scotland to vote in its parliament to block the Brexit, cause Westminster to impose its will, and then negotiate independent EU membership for itself. Families are divided, sometimes bitterly and the main politicians who supported brexit are backtracking on what was understood to be their position on advantages of leaving. There are reports of incidents where people are confronted and told to "go home", where racist leaflets are posted to Polish people, where a banner on a street called for 'repatriations' to start. Not mainstream views but disturbing for all that in a very liberal and free country. The currency is dropping and banks (who may lose access to EU markets if they are based in the UK) are talking of moving to the EU. The hot topic on the currently rainy old streets of London is largely about whether a parent or grandparent was born outside the UK and whether that may enable an EU passport and citizenship to be obtained. 10% of UK citizens are estimated to be eligible for Irish citizenship. I predict a boom in Dublin. Meanwhile, outside the Brexit bubble life carries on, rain falls, traffic jams, and the capacity of ordinary people to hope for a better future remains as it always does. That is tempered, for many, by a newfound understanding reached too late, of the old maxim 'be careful what you wish for'.
|
|
|
Post by peppy on Jun 27, 2016 6:33:13 GMT -5
Hello. One newspaper headline today says it all: a picture of parliament and a caption "the lights are on but there's nobody at home". The sense is of a country in suspended animation aboard a ship with a zombie crew. Some wit commented that even the Titanic had a captain. There is no plan. Even the winning side probably didn't really expect to win. There is a prime minister who has decided to resign (just not yet), an opposition party where twelve cabinet ministers resigned in the last 24 hours, and moves afoot by Scotland to vote in its parliament to block the Brexit, cause Westminster to impose its will, and then negotiate independent EU membership for itself. Families are divided, sometimes bitterly and the main politicians who supported brexit are backtracking on what was understood to be their position on advantages of leaving. There are reports of incidents where people are confronted and told to "go home", where racist leaflets are posted to Polish people, where a banner on a street called for 'repatriations' to start. Not mainstream views but disturbing for all that in a very liberal and free country. The currency is dropping and banks (who may lose access to EU markets if they are based in the UK) are talking of moving to the EU. The hot topic on the currently rainy old streets of London is largely about whether a parent or grandparent was born outside the UK and whether that may enable an EU passport and citizenship to be obtained. 10% of UK citizens are estimated to be eligible for Irish citizenship. I predict a boom in Dublin. Meanwhile, outside the Brexit bubble life carries on, rain falls, traffic jams, and the capacity of ordinary people to hope for a better future remains as it always does. That is tempered, for many, by a newfound understanding reached too late, of the old maxim 'be careful what you wish for'. It is my understanding that brexit builds a (soft) wall for immigration. Immigration is what it is about? The USA going through immigration speak as well. Merkel, I give her credit for taking in the people of Syria. Pipelines ... look at the power of pipelines.
|
|
|
Post by mnholdem on Jun 27, 2016 7:36:13 GMT -5
Hello. One newspaper headline today says it all: a picture of parliament and a caption "the lights are on but there's nobody at home". [Clipped] The $100 Trillion Bond Market’s Got Bigger Concerns Than Brexit Bloomberg - June 26, 2016 — 6:00 PM CDT | Updated on June 27, 2016 — 6:02 AM CDT
In some ways, it really didn’t matter to Steven Major whether the U.K. voted to stay or to leave.
Sure, as a Brit, Major followed the U.K.’s surprising decision to break with the European Union. And, of course, the 51-year-old Londoner voted (though he politely declined to say whether he was in the “Remain” or “Leave” camp).
But when it comes to his long view on interest rates, bond yields and the economy, Major, who’s proven to be something of a savant as HSBC Holdings Plc’s head of fixed-income research, says Brexit is ultimately little more than a sideshow. Long after the din from the U.K. vote subsides (and regardless of what happens in the U.S. presidential election), Major says issues that, at times, have been decades in the making will conspire to depress global growth and keep rates at rock-bottom levels for years to come.
“The real elephant in the room is not the U.K. vote or a Trump presidency,” Major said. “The real elephant in the room is we’ll have low and negative rates for a very long period of time.”
While the Brexit vote roiled financial markets and caused a surge in haven demand, Major says investors in the $100 trillion bond market need to look at deeper structural problems plaguing the world: demographics, the explosion of debt globally and the disparity in wealth between the rich and poor.
Source: www.bloomberg.com/news/articles/2016-06-26/the-100-trillion-bond-market-s-got-bigger-concerns-than-brexit
|
|
|
Post by brotherm1 on Jun 27, 2016 8:06:44 GMT -5
Good article mnholdem. I boil it all down to an over supply of people in the world (cheap labor) who themselves have little to spend and are greatly in debt and owned by the illuminati. The world is deflating.
|
|
|
Post by oldfishtowner on Jun 27, 2016 8:17:16 GMT -5
Hello. One newspaper headline today says it all: a picture of parliament and a caption "the lights are on but there's nobody at home". [Clipped] The $100 Trillion Bond Market’s Got Bigger Concerns Than Brexit Bloomberg - June 26, 2016 — 6:00 PM CDT | Updated on June 27, 2016 — 6:02 AM CDT
In some ways, it really didn’t matter to Steven Major whether the U.K. voted to stay or to leave.
Sure, as a Brit, Major followed the U.K.’s surprising decision to break with the European Union. And, of course, the 51-year-old Londoner voted (though he politely declined to say whether he was in the “Remain” or “Leave” camp).
But when it comes to his long view on interest rates, bond yields and the economy, Major, who’s proven to be something of a savant as HSBC Holdings Plc’s head of fixed-income research, says Brexit is ultimately little more than a sideshow. Long after the din from the U.K. vote subsides (and regardless of what happens in the U.S. presidential election), Major says issues that, at times, have been decades in the making will conspire to depress global growth and keep rates at rock-bottom levels for years to come.
“The real elephant in the room is not the U.K. vote or a Trump presidency,” Major said. “The real elephant in the room is we’ll have low and negative rates for a very long period of time.”
While the Brexit vote roiled financial markets and caused a surge in haven demand, Major says investors in the $100 trillion bond market need to look at deeper structural problems plaguing the world: demographics, the explosion of debt globally and the disparity in wealth between the rich and poor.
Source: www.bloomberg.com/news/articles/2016-06-26/the-100-trillion-bond-market-s-got-bigger-concerns-than-brexit
The fact is that the problems Major outlines are problems we have been talking about since the onset of the great recession (and before among a smaller group of voices). These problems just don't disappear because the media have tired talking about them. China is not any better off this year than last, as well. Furthermore, talk of an over-ripe bull market has waned, but doesn't make the possibility of a repeat of 2007-2008 any less likely. Brexit is more of an excuse rather than the reason for the market dropping. As always, the summertime swoon may only be a prelude to the real action in the fall.
|
|
|
Post by agedhippie on Jun 27, 2016 9:45:18 GMT -5
Hello. One newspaper headline today says it all: a picture of parliament and a caption "the lights are on but there's nobody at home". The sense is of a country in suspended animation aboard a ship with a zombie crew. Some wit commented that even the Titanic had a captain. There is no plan. Even the winning side probably didn't really expect to win. There is a prime minister who has decided to resign (just not yet), an opposition party where twelve cabinet ministers resigned in the last 24 hours, and moves afoot by Scotland to vote in its parliament to block the Brexit, cause Westminster to impose its will, and then negotiate independent EU membership for itself. Families are divided, sometimes bitterly and the main politicians who supported brexit are backtracking on what was understood to be their position on advantages of leaving. There are reports of incidents where people are confronted and told to "go home", where racist leaflets are posted to Polish people, where a banner on a street called for 'repatriations' to start. Not mainstream views but disturbing for all that in a very liberal and free country. The currency is dropping and banks (who may lose access to EU markets if they are based in the UK) are talking of moving to the EU. The hot topic on the currently rainy old streets of London is largely about whether a parent or grandparent was born outside the UK and whether that may enable an EU passport and citizenship to be obtained. 10% of UK citizens are estimated to be eligible for Irish citizenship. I predict a boom in Dublin. Meanwhile, outside the Brexit bubble life carries on, rain falls, traffic jams, and the capacity of ordinary people to hope for a better future remains as it always does. That is tempered, for many, by a newfound understanding reached too late, of the old maxim 'be careful what you wish for'. It is my understanding that brexit builds a (soft) wall for immigration. Immigration is what it is about? The USA going through immigration speak as well. Merkel, I give her credit for taking in the people of Syria. Pipelines ... look at the power of pipelines.
The austerity measures seemed to play a large part. I have friends around Barnsley and Sheffield who said the main feeling was that London didn't care what the impact was on the north. Generally they blamed the measures on the EU and spineless UK politicians of all parties. Their immigration problem was not with Syrian refugees, it was with East Europeans. Less the Polish who are hard workers, more those from the newer member states who are seen as just after welfare payments. Ultimately the biggest winner may be the Conservative party. If Scotland splits from the UK then it's hard to see how the Labour party ever wins another election (Scotland votes almost entirely Labour or SNP and is over-represented in Parliament - they have more MPs than is warranted for the population for historical reasons).
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jun 27, 2016 9:47:26 GMT -5
Hello. One newspaper headline today says it all: a picture of parliament and a caption "the lights are on but there's nobody at home". [Clipped] The $100 Trillion Bond Market’s Got Bigger Concerns Than Brexit Bloomberg - June 26, 2016 — 6:00 PM CDT | Updated on June 27, 2016 — 6:02 AM CDT
In some ways, it really didn’t matter to Steven Major whether the U.K. voted to stay or to leave.
Sure, as a Brit, Major followed the U.K.’s surprising decision to break with the European Union. And, of course, the 51-year-old Londoner voted (though he politely declined to say whether he was in the “Remain” or “Leave” camp).
But when it comes to his long view on interest rates, bond yields and the economy, Major, who’s proven to be something of a savant as HSBC Holdings Plc’s head of fixed-income research, says Brexit is ultimately little more than a sideshow. Long after the din from the U.K. vote subsides (and regardless of what happens in the U.S. presidential election), Major says issues that, at times, have been decades in the making will conspire to depress global growth and keep rates at rock-bottom levels for years to come.
“The real elephant in the room is not the U.K. vote or a Trump presidency,” Major said. “The real elephant in the room is we’ll have low and negative rates for a very long period of time.”
While the Brexit vote roiled financial markets and caused a surge in haven demand, Major says investors in the $100 trillion bond market need to look at deeper structural problems plaguing the world: demographics, the explosion of debt globally and the disparity in wealth between the rich and poor.
Source: www.bloomberg.com/news/articles/2016-06-26/the-100-trillion-bond-market-s-got-bigger-concerns-than-brexit
Hell, the pension shortfalls in the US are off the charts when calculated with delusional returns of 7.5%. What happens when they are recalculated with rates that are overly optimistic, unrealistic yet well short of 7.5%? At the end of 2015, the city of Chicago had the pension shortfall pegged at $5B. Recently recalculated it is now around $20B. Centra States pension fund is scheduled to go broke in 7-8 years and even with a 60% cut, uncle sam said it still could not be saved nor would it be backstopped by the PBGC. Too much cheap labor, not enough income for economic growth. This is not a recipe for outcomes that are as pleasant as TollHouse cookies. On a positive note, the MNKD sales team likely hits the streets this week. New patients will likely start on samples so NRx won't start to rise until sometime in August. Anyone know what happened or will happen to sample packs placed with Docs during the Sanofi era or for that matter, any idea how many are out there? When will new sample packs be available or are they now?
|
|
|
Post by tayl5 on Jun 27, 2016 14:48:53 GMT -5
On a positive note, pensions may be underfunded, the world financial markets may be shuddering and someday Trump may be president, but TollHouse cookies are still an option. Thanks for the suggestion!
PWD, if you decide to self-medicate with TollHouse cookies, keep that Afrezza handy!
|
|
|
Post by victoria on Jun 27, 2016 16:21:53 GMT -5
On a positive note, pensions may be underfunded, the world financial markets may be shuddering and someday Trump may be president, but TollHouse cookies are still an option. Thanks for the suggestion! PWD, if you decide to self-medicate with TollHouse cookies, keep that Afrezza handy! Bah! We don't have toll house cookies here (not even heard of them). Dog biscuits and gruel for us here I fear. Still, cheer up Britain there's always the option of a round of golf at Donald T's scottish club. For now at least... www.bbc.co.uk/news/business-36644934#
|
|
|
Post by seanismorris on Jun 27, 2016 16:46:18 GMT -5
I agree immigration is a large part responsible for Brexit.
Governments (especially the US, and I think Britain) have been pushing the idea of "War on Terror" to justify their actions around the world. This 'war' has had questionable benefit to the American people. Mostly what I see is we've created power vacuums and people even worse (than who we replaced) have stepped in (see ISIS). And, people that were angry with us (the West) already have stepped up attacks.
Politicians have tried to differentiate between Muslims and Radical Muslims, but the only way to identify a 'radical' is after they've killed a bunch of people (generalization). Then you tell people (Britains) that they have to accept immigrants that are high risk. And, they see bombing, shooting, and planned terrorist attacks on TV committed by Muslims...
Of course there will be a backlash against immigration and a resurgence of nationalism. The EU put the people in a untenable position. Helping others will always take a back seat to protecting their families.
Economically (I think) leaving the EU is a negative, but I wouldn't be surprised if Britain isn't the last to do so.
|
|
|
Post by victoria on Jun 27, 2016 18:12:54 GMT -5
I think what led to brexit is a combination of at least 2 things: (1) perception of immigration and the 'overbearing' and distant EU, in the bad regional economy in parts of England and Wales outside London and (2) wanting to express diagreement with the government generally. Great play was made over EU migrants but in fact its something which ebbs and flows with the economy, eg in 2008 I understand more people actually left than arrived. Migrants work and pay taxes. Migrants are often more highly skilled and educated and can fill jobs for which they are needed, these are often not the archetypal poor person in search of a better life, though of course sometimes that is the case. Yet it was portrayed as a one way flood and perceived as solely a burden in parts of the uk, when perhaps what is wrong is that people hard hit by 'austerity' in regional England and who have really lost out in terms of skills and training, and opportunity felt disconnected from the urban prosperous hub of London. The irony is that the areas who voted 'out' tended to be the areas which received the greatest EU financial support which they will now lose, and the main pro brexit politicians are backpedalling over whether leaving will greatly cut immigration or save as much money as claimed: www.theguardian.com/politics/2016/jun/25/leave-campaign-rows-back-key-pledges-immigration-nhs-spending or are going to ground and remaining rather silent: www.independent.co.uk/news/uk/politics/brexit-alistair-darling-labour-eu-referendum-latest-pound-sterling-us-dollar-financial-crash-economy-a7105136.htmlOn top of that very regrettably many people now admit they just wanted to kick the government and never thought brexit could happen, and did not even want it. Sad but true. People are openly admitting it. Tragic. www.independent.co.uk/news/uk/politics/brexit-eu-referendum-bregret-leave-petition-second-remain-latest-will-we-leave-a7105116.htmlI'm not sure the terrorism thing was a huge effect, in my view, especially when you consider that of all places London with its large immigrant population and the closest experience of terrorist attacks (nb Im not suggesting causal connection between the two) actually voted very strongly for remaining in the EU. I wouldn't rule out, though, the impact of the second world war on this believe it or not and however odd that seems. The people who according to polls most significantly voted "out" were clearly the retired generation who either were kids in the war or the generation or so which grew up just after it and in its shadow, and who in some cases to this day do not trust 'europe' or certain countries and would rather be rid of it. Even those who were born fairly long after the war remember the bombed towns and cities which were often not fully rebuilt until decades later and some have never forgiven and never will. Every family has its lost uncles and aunts or parents or grandparents lost to the war, within the memory, or at least proximal family memory of those older generations. By contrast the younger generations without that folk memory voted overwhelmingly to stay in the EU but their voting turnout was not as high and did not sway the outcome. See for example the sending up of the post war attitude in the 'dont mention the war' episode of the well known sketch in the series Fawlty Towers in the mid 1970's, a time when the war generation were in their 40's. That said, the UK actually voted to stay in Europe in 1975, for all that. See eg this piece in a popular newspaper read by one in every 32 Brits, the second largest circulation in the UK, before last week's vote and especially point number 5 about the germans. www.thesun.co.uk/news/1302001/10-reasons-why-you-must-vote-brexit-in-thursdays-crucial-once-in-a-lifetime-referendum/
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jun 29, 2016 12:17:14 GMT -5
Check out NUGT for gold. Its leveraged three times, and you can lose your shirt but if you get a handle on it you can make nice money. You can hedge with Dust as its inverse. MNKD action surprised me and then it didnt but it could be people covering as other losses are mounting up. I just cant see outside of metals how every stock wont be impacted by this. Just a FYI, NUGT & DUST are not tied directly to gold but rather gold miners. So even when gold moves those two ETFs doesn't necessarily move with it. I am aware they are gold miners. I dont know what the history reflects but I have been trading NUGT for the past 6 months and it certainly moves with GOLD but much more aggressively. The weakening or strength of the dollar also effects the NUGT as it effects overall gold prices....
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jun 29, 2016 12:21:38 GMT -5
I think what led to brexit is a combination of at least 2 things: (1) perception of immigration and the 'overbearing' and distant EU, in the bad regional economy in parts of England and Wales outside London and (2) wanting to express diagreement with the government generally. Great play was made over EU migrants but in fact its something which ebbs and flows with the economy, eg in 2008 I understand more people actually left than arrived. Migrants work and pay taxes. Migrants are often more highly skilled and educated and can fill jobs for which they are needed, these are often not the archetypal poor person in search of a better life, though of course sometimes that is the case. Yet it was portrayed as a one way flood and perceived as solely a burden in parts of the uk, when perhaps what is wrong is that people hard hit by 'austerity' in regional England and who have really lost out in terms of skills and training, and opportunity felt disconnected from the urban prosperous hub of London. The irony is that the areas who voted 'out' tended to be the areas which received the greatest EU financial support which they will now lose, and the main pro brexit politicians are backpedalling over whether leaving will greatly cut immigration or save as much money as claimed: www.theguardian.com/politics/2016/jun/25/leave-campaign-rows-back-key-pledges-immigration-nhs-spending or are going to ground and remaining rather silent: www.independent.co.uk/news/uk/politics/brexit-alistair-darling-labour-eu-referendum-latest-pound-sterling-us-dollar-financial-crash-economy-a7105136.htmlOn top of that very regrettably many people now admit they just wanted to kick the government and never thought brexit could happen, and did not even want it. Sad but true. People are openly admitting it. Tragic. www.independent.co.uk/news/uk/politics/brexit-eu-referendum-bregret-leave-petition-second-remain-latest-will-we-leave-a7105116.htmlI'm not sure the terrorism thing was a huge effect, in my view, especially when you consider that of all places London with its large immigrant population and the closest experience of terrorist attacks (nb Im not suggesting causal connection between the two) actually voted very strongly for remaining in the EU. I wouldn't rule out, though, the impact of the second world war on this believe it or not and however odd that seems. The people who according to polls most significantly voted "out" were clearly the retired generation who either were kids in the war or the generation or so which grew up just after it and in its shadow, and who in some cases to this day do not trust 'europe' or certain countries and would rather be rid of it. Even those who were born fairly long after the war remember the bombed towns and cities which were often not fully rebuilt until decades later and some have never forgiven and never will. Every family has its lost uncles and aunts or parents or grandparents lost to the war, within the memory, or at least proximal family memory of those older generations. By contrast the younger generations without that folk memory voted overwhelmingly to stay in the EU but their voting turnout was not as high and did not sway the outcome. See for example the sending up of the post war attitude in the 'dont mention the war' episode of the well known sketch in the series Fawlty Towers in the mid 1970's, a time when the war generation were in their 40's. That said, the UK actually voted to stay in Europe in 1975, for all that. See eg this piece in a popular newspaper read by one in every 32 Brits, the second largest circulation in the UK, before last week's vote and especially point number 5 about the germans. www.thesun.co.uk/news/1302001/10-reasons-why-you-must-vote-brexit-in-thursdays-crucial-once-in-a-lifetime-referendum/My buddy from London told me yesterday the mayor wants to cover up the victoria secrets ad in London. I forgot the area its called but its London's version of Time Square. I had no idea how many muslims lived in London. I have nothing against muslims but their Sharia law would never fly with me in my neighborhood.
|
|
|
Post by agedhippie on Jun 29, 2016 13:24:37 GMT -5
My buddy from London told me yesterday the mayor wants to cover up the victoria secrets ad in London. I forgot the area its called but its London's version of Time Square. I had no idea how many muslims lived in London. I have nothing against muslims but their Sharia law would never fly with me in my neighborhood. Just to be clear - these adverts are not banned from London, just from grounds and services controlled by the mayor. The big one is Transport for London which means the ads are banned from public transport and stations. Secondly this is nothing to do with Sharia law or offending muslims but entirely about fighting body shaming and images, a campaign that predates the current mayor by some time. Political correctness arguably - religious correctness no. The whole Sharia law fuss is stupid. You can live your life by Sharia, Halacha, or the Startrek Federation codes if you want but what you cannot do in the UK is force these laws on anyone else or ignore the law of the land.
|
|