This page has been archived and commenting is disabled.
As Bangladesh Stock Market Plunges Again, Local Investors Riot For Second Time In A Month
If there is anyone watching this video of what happens to a banana republic when its ponzi stock market plunges, it is Ben Bernanke. The Princeton-educated depression era expert is certainly learning from the mistakes of the Bangladesh stock exchange (flash crashing 9.25% at last check before being halted), which despite US investment bank pitches to the contrary, never instituted its own plunge (and subsequent riot) protection team. And this is despite an identical situtation happening just three weeks earlier. Take home message: every ponzi scheme-based banana republic needs its own President's Working Group on Flash Crash prevention.
»
- 11505 reads
- Printer-friendly version
- Send to friend
- advertisements -
These people should buy our stock market instead of theirs.
no, they should just hold and be patient - in time, all stocks go up
No, they should buy the dip there.
Hamy,
Just move APPL to their exchange. Problem solved.
Hey do we have a Flash Crash Czar yet???????
Ben Bernanke?
Actually, I THINK I KNOW WHERE FAT FINGER JOE WENT TO :)
I wanna buy the dip. Is there an ETF for that?
ETFs are bought by dips, not on dips.
BUY THE SALSA DIP!!!
http://www.natuurtherapie.com/masteluin/prodpictures/prod11221.jpg
FINGER LICKING GOOoooooDDDD!!
"Bio-organic!" WTF does that even mean??
It's Banglacrash!
More to come... just wait until BofA accounts dry up.
Stocks never go down, Hamy.
HamyWanger is the funniest one yet. I think I pulled my HamyWanger. Honestly, those protesters don't seem very energetic. Was it hot in Bangladesh today?
Yeah -- fuckin' lazy-ass protesters.
bang dae ho
Bang dae white car.
Racist!
A Flash Crash Bash!
Party hearty boys. The good news is that as your economy crumbles, other will follow. Which means you will soon be well on the road to recovery from fiat insanity long before much of the rest of the world even recognizes they are in deep do-do.
We must all scrub the wounds clean of the fiat infection before the healing begins. It doesn't take violence.......but that's what we are trained from birth to do.
You're saying this is the economic equivalent of the Arch Duke?
Now imagine if they had guns, instead of sticks.
coming soon to a theater near you..
No it isn't. We have crash proof markets.
Make it crash *poof* ... they just make it disappear by voiding any trades below the riot level.
no, coming to a certain TV studios in Englewood Cliffs, NJ
imagine if the students at Tiananmen Square had guns...the only way the US will get out of hand, in my opinion, is if food and water become scarce. Other than that the majority will continue to pop xanax and vicodin - while playing Wii or Xbox all day - and live in a world of sorrow as if they can do nothing about it - thinking that's just the way life is.
The most powerful weapon against the whole establishment and corruption is education - for their power resides in the masses believing they are not to be questioned, and whatever is on TV is the truth - why do you think there are so many TV shows and movies about cops - showing people getting arrested - newspapers talking about someone going to jail for 30 years who didn't pay taxes - ALL propaganda - all good vs. evil...It's your choice to go along with it, but most don't understand that choice. I pay my taxes, FYI...their propaganda works for the time being:)
The sad part of this is that many of those who actually have the balls to fight and want to do something more important than sit on their asses and play xbox all day, end up joining the military/law enforcement and spend most of their lives directing their anger at "lawbreakers" without giving much thought to how fucked up the laws are. That's starting to change, but I swear sometimes it's like waiting for paint to dry.
Like the History, History International and Nat Geo having the cop, swat, border and war/battle Af-Pak reality shows.
Next, HGTV giveaway will redocrate holding sells and F-ug-ema camp playgrounds.
Yup. Just a tidge obvious.
Actually the propaganda part of all the TV cops shows is that the cops just have to bend the rules a bit, because of how bad the crime was, who the victim was, etc.
You end up empathizing with the cops, who are really trying to protect you, and just have to break the rules to catch the bad guy.
Turn on any Law and Order episode. The rules are bent because they have to be.
That is the propaganda part of it.
pods
Check out "Obedience to Authority" by Stanley Milgram.
Anyone know how to say, "bidless," in their language?
In America, if you're "in da bidness" (aka the PONZI brotherhood) there is no such thing as "bidless".
here you go...
http://www.youtube.com/user/fiercefreeleancer <http://www.youtube.com/user/fiercefreeleancer>
TImmy and Ben will provide outsourced PPT services to any banana republic as needed...
So did someone blow their whole $6.00 of national treasury on a male enhancement pill scam?
C.D. does have a point... they sure as hell don't have far to fall.
The Trade house looks like a taco stand. Hard to believe all these people had money in the market. Surprised no goats were injured.
You are a fucking racist moron. Shame on you
Hamy - forgive him for being stupid (not his fault)...he doesn't get the point...
What was racist in that post? The comment on their construction methods? Racism I thought was having a preconceived notion of someones character or reactions based upon national origin or skin color.. Mentioning construction type or quality is racist, was it the goat? I have owned goats am I a particular color or possessing a certain attitude as a result of the goat ownership?
Bangladesh is hell on earth but still nicer than Detroit. Go to hell Hairy Wanker.
Goats are tangible assets worth more than the stocks!
One can eat goats!
Nor can one eat or fuck with gold. Well, unless you're Blythe....
http://www.theadulttoyshoppe.com/gold-penis-dj09740.htm
How rude! Good on ya! :>D
The trade house look like taco stand?! You got it dear boy! Their stock exchange needs Chipolte and possibly PriceLine. Those stocks only go up.
Did someone say....banana republic???
http://www.youtube.com/watch?v=NYZDjjpyt4c
Coming to a country near you. Got silver?
http://www.youtube.com/user/BrotherJohnF
Yes...well Silvertip ammo by the case, does that count?
They actually answered that letter from Nigeria.
Thank (any) God I'm not the only one.
That's good!! I got another one today in fact, told him to blow me...
Really?? You're comparing Bangladesh with the United States?? I understand your frustration with the market continually going higher and the economy definitely getting stronger but to compare the U.S. with Bangladesh is rather silly, don't ya think?
You are spot on. Our apologies to any Bangladeshi readers who are insulted by the comparison.
That makes two TD. We should be so lucky at this point in the game.
Okay, I have to admit, that made me laugh. Nice comeback.
Two different casinos altogether, one honest, the other in nyc. lulz
Game, Set and Match to Tyler.
the fraud is so much smaller over there
But like all fraud. It's constantly growing as it instituionalizes and replaces old trusted components of itself with new fraudulant machinations.
i guess they didnt learn to stage some 'event' that shows a 20% crash was GOOD and saved it from being an 80% crash
So that makes two Asia market crashes in a day: Indonesia melting down along with a slower melt in several others. Yup. Serving up meatballs with Ponzi sauce.
Good thing their Central Bank is relatively inaccessible, located at the far end of Companionway A at the Bangalore International Dhow Terminal with the big faded "Cambio/Exchange" sign.
Just a group of young men having a good time.
Video tells you one thing, don't be the only person in the country to own a white car!
Innit.
Did anyone else catch a glimpse of walstreetpro2 wailing on that car?
I wonderered what happened to that guy.
Pete
http://www.youtube.com/watch?v=KWu-efNN8PM&feature=related
Its ok, all those angry Bangladeshi shareholders can work in the periphery EU countries as guest workers to make up their losses. They will make a fine addition to Lisbon"s sanitation crew, or Dublin's street sweeping squad.
People of The Republic of Banana must not know anything about investing. They probably don't have ECON101 classes - suckers!
Investing? Please, that's so...whatever.
And if no I GIVES A RATS ASS ABOUT EUROPE...Who is going to care about Bangladesh...please...list NFLX over there and AAPl and Vanguard will create a fucking ETF that will out-perform the S&P...
<When the many behave like sheep, the poodles themselves turn into lions. If the sheep, in their sheepishness, create lions, they are responsible of the existence of lions.>
January 9, 2011 by Patrice Ayme
"I've lost my capital here... I didn't have any job... I borrowed taka 300,000 (US$4285) from my relatives and invested... two thirds of the capital has gone... I've become a pauper... how can I repay the loan?" lamented an investor, Abdur Rahim.
this is why bubbles are dangerous, and we need real leaders who can actually spot a bubble (not Bernanke). when you wrap in common folk who have no knowledge of the markets, and they lose big after a bubble bursts, you will get all the outpourings of anger and protest, which should've been avoided in the first place.
it is this man's fault he lost the money, but it is also the fault of our bubble-inducing financial sector and governments.
only a fool would say something like this can't happen in America.
the number of retail investors has increased from around 500,000 in 2007 to around 3.5m today. These 3m new investors have only really known a bull market and are barely aware of the near 80 per cent correction in Bangladesh stocks during the 1996/7 crash.
i wonder if the number of speculators in the US and Europe has grown in-kind with those in places like Bangladesh. it'll be interesting to see what happens when they re-open the market again. see if they get a J. Piermont Morgan to step in and buy heavily to try to soothe investors.
i woudnt bet on that. fool me once...
Let's just hope they settled the imf gold buy pre plunge
I forgot that, how much did they buy again??
If The Ben Bernank is in fact watching with keen interest...
It is pretty much a "dead lock" that he'll never let the NYSE crash again.
POMO's forever....
until he can't
The problem is he's creating something that people are refusing. Not just politely refusing. The hard cold mean kind of refusing. You know. Like how your dates end.
Trouble is: every time he needs to reach deep into the taxpayer pocket to bail out the banks (err market, same difference), the cost keeps rising. How? It stokes biflation in the US. Incomes, assets and employment will continue to deflate. Yet cost of living and business inputs will continue to rise like devil's food cake. Yum!
So we don;t need to have killer inflation in the US to get the same result as killer inflation: because if everything you earn and own drops moderately while cost of living rises moderately, it's just as bad. Yep, water will seek a level. And I think you're missing a key point that could blindside the whole thing...
Robo: As I said the other day, keep throwing money into AAPL. I can't think of a safer investment in my lifetime actually.
The other day you recommended avoiding it thinking it was "overextended". I think just the opposite. With new product coming out and everyone wanting a shiny new Apple iGadget, it will continue to slowly but surely rise.
Yes, you can play the speculative high flyers but AAPL is a once in a lifetime stock - there is no end in sight to the dominance they have in wireless gadgetry and the pie grows larger and larger.
Dunno who you are Harry but I think you got this one right. Even AFTER the holidays my local Apple store is teeming. And - I am long AAPL so I actually pay attention and ASK the help - are people actually buying stuff? Yes - in amazing quantity!
Just don't show video of the teeming and swarming to foxconn employees. They could commit suicide even though everybody over there keeps telling them how damned and fucked they'll be if they do.
Under the new normal didn't the market crash this morning?(Dow off 90). LOL. I don't expect any significant pullback (20%ish) until the Dow & SnP are at all time highs which IMO, should happen within the next 18-24 months.
Bangladesh, please take two of these POMO pills and call me in the morning.
I could use a Pomoselzer.
I feel sorry for those who have seen their accounts wiped by these two crashes but really , I'm not sure they have much justification for protesting , let alone rioting .
It's up to any investor to research not just an asset but also the market environment in which that asset trades . Trading is inherently risky , especially in the current climate . If you're not prepared to tolerate risk then you shouldn't be investing capital . And if you haven't studied market conditions and comprehended that there is the potential for extreme volatility then you certainly shouldn't be investing capital . Trading 101 : never risk money you can't afford to lose . You'd really have to question the suitability of equity investment for the vast majority of people in a country like Bangladesh .
Regardless , you can't go on a rampage when things don't go your way .
I feel sorry for those who have seen their accounts wiped by these two crashes but really , I'm not sure they have much justification for protesting , let alone rioting .
It's up to any investor to research not just an asset but also the market environment in which that asset trades . Trading is inherently risky , especially in the current climate . If you're not prepared to tolerate risk then you shouldn't be investing capital . And if you haven't studied market conditions and comprehended that there is the potential for extreme volatility then you certainly shouldn't be investing capital . Trading 101 : never risk money you can't afford to lose . You'd really have to question the suitability of equity investment for the vast majority of people in a country like Bangladesh .
Regardless , you can't go on a rampage when things don't go your way .
You hang on to that thought. What you think can't happen is happening.
Correction . You shouldn't , go on a rampage .
Guru meditation dupe.
Correction. People have invested in this place under a guise that it was for something it isn't. They have put energy into it and not gotten what was promised to them. If you think sinkholes and floods are a rampage. You really don't want to stick around for the next 2 years. Shits gonna get wrecked.
Wouldn't slipped in the shower, shouldn't is slashing it's wrists under the football bleachers. Couldn't is stretching so he doesn't pull a hamstring while rampaging.
"Regardless , you can't go on a rampage when things don't go your way ."
Correction. You can't go on a rampage if there is someone to stop you from going on a rampage. Otherwise... you can rampage all you want, and there's fuckall anyone can do about it.
Don't confuse what you think should happen with what can happen.
Can I go on a rampage when a suitcase full of $100 FRNs buys a box of pasta? Sorry, MAY I please go on a rampage?!?
just make sure to boil your water before makin that pasta
Hey! Who unplugged Goldman's momo quant HFT computer to plug in this hotplate?
Game over?
Dear bangy losers:
Send your bangin' stocks to the ben bernank, care of the usfed and he will reimburse your losses if you can prove that you are JPMorgueman in drag. or the squid, or warren buffett, or tbtf, or a euro hedge fund. oh, never mind, you're hosed. bang dae hoe
How many times can it plunge before they've burned everything?
Yes, we have no bananas either.
This should be filed under "things you won't see on the NYSE". LOL. Gotta love the smell of POMO on this find and dandy Monday! Just ticked I wasn't around this AM to add to my longs. I think Nasdaq 3000 is gonna look nice later this year.
I bet the same thing almost happened in NO when the Saints couldn't even take the money-line.
It's all gambling. Casinos, sports books, stock exchanges. The only sure investment in life is to take the Lions not to have a winning season.
It is funny that they are rioting. What do they expect to happen? Bangladeshi Ben to fly over them in the choppa?
Sucks when you realize your just another pawn in a giant ponzi.
They bought the dip.. it just wasn't the right one.
OH... yeah Bangladesh... super important... What is the market cap of the entire market? The first 2 seconds that trades of msft the entire day... Seriously people.. how many of us can point to it on a map!!!!!!!!!!
Bangladesh: What is the Indus river delta? I'll take World Geography for $800.
Your point, while valid, seems a tad inhumane.
Hey, if they're rioting over a drop in the stock market wait until they discover most of their country is at or below sea level thus re-defining the meaning of underwater seafront property. Ha Ha, as Nelson might say!