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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 689November 21, 2006 10:15PM

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Wizard 455November 21, 2006 10:38PM

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Rick 420November 21, 2006 11:42PM

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mojavegreen 419November 22, 2006 06:00PM

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Rick 472November 22, 2006 06:24PM

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LaughingBear 363November 22, 2006 06:58PM

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Rick 391November 22, 2006 10:19PM

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Wizard 520November 22, 2006 08:02PM

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Wizard 477November 22, 2006 09:08PM

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mojavegreen 410November 24, 2006 12:06PM

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Wizard 398November 24, 2006 12:46PM

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Wizard 434November 22, 2006 10:19PM

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Wizard 415November 22, 2006 10:44PM

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jobe 450November 23, 2006 07:14AM

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jobe 438November 23, 2006 07:22AM

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Wizard 448November 24, 2006 11:17PM

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jobe 1024November 27, 2006 01:07AM

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jobe 793November 27, 2006 01:26AM

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Wizard 476November 24, 2006 11:53AM

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LaughingBear 424November 23, 2006 08:48AM

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Wizard 507November 24, 2006 12:08PM

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Wizard 495November 24, 2006 08:11PM

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Wizard 429November 24, 2006 08:41PM

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Wizard 431November 24, 2006 09:03PM

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Wizard 426November 24, 2006 09:20PM

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Wizard 489November 24, 2006 09:33PM

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Wizard 397November 24, 2006 09:59PM

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Wizard 1116November 24, 2006 10:37PM

Re: SC30

Wizard 388November 24, 2006 11:00PM



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