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Re: SC30

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November 24, 2006 10:37PM
http://www.indiadaily.com/editorial/14275.asp

The biggest bubble of all - derivatives Trading Soars to $370 Trillion – it will be the root cause for global depression

Interesting data came out from the Bank for International Settlements. The global market for derivatives soared to a record $370 trillion in the first half of 2006. It is the highest ever and the bubble is bigger than any one can imagine.

The kind of euphoria in derivative trading has never been seen before. The amount of outstanding credit-default swaps contracts jumped by 60% at the end of last year. This year the rise is even faster. It is a typical pyramiding technique. Money is creating false concept of money and that in turn is creating ever larger conceptual money. When the tide blow off and balloon bursts, the catastrophe will be unimaginable. The 1929 debacle and resulting depression will be miniscule to what is coming............

..........Remember 1987. Before the October crash public were arguing about the fact that the market will not give an inch on the down side. Every individual investor was in the elevator at the Penthouse level. Finally when the crash came, the brokers did not pick up their phones and Dow lost more than 20% in one day. Something much more serious is getting cooked here. The complacency level, the sentiment indicators and above all the fundamentals are all ready to make the market collapse big time.........
SubjectAuthorViewsPosted

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Wizard 678November 21, 2006 10:15PM

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Wizard 445November 21, 2006 10:38PM

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Rick 412November 21, 2006 11:42PM

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mojavegreen 410November 22, 2006 06:00PM

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Rick 463November 22, 2006 06:24PM

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LaughingBear 355November 22, 2006 06:58PM

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Rick 382November 22, 2006 10:19PM

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Wizard 511November 22, 2006 08:02PM

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Wizard 466November 22, 2006 09:08PM

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mojavegreen 405November 24, 2006 12:06PM

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Wizard 386November 24, 2006 12:46PM

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Wizard 426November 22, 2006 10:19PM

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Wizard 403November 22, 2006 10:44PM

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jobe 443November 23, 2006 07:14AM

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jobe 431November 23, 2006 07:22AM

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Wizard 440November 24, 2006 11:17PM

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jobe 1016November 27, 2006 01:07AM

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jobe 779November 27, 2006 01:26AM

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Wizard 466November 24, 2006 11:53AM

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LaughingBear 415November 23, 2006 08:48AM

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Wizard 499November 24, 2006 12:08PM

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Wizard 483November 24, 2006 08:11PM

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Wizard 419November 24, 2006 08:41PM

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Wizard 422November 24, 2006 09:03PM

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Wizard 415November 24, 2006 09:20PM

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Wizard 478November 24, 2006 09:33PM

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Wizard 387November 24, 2006 09:59PM

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Wizard 1107November 24, 2006 10:37PM

Re: SC30

Wizard 377November 24, 2006 11:00PM



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