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Bangladesh Stocks Plunge By More Than 10% For Third Time In 2011

Tyler Durden's picture


Bangladesh investors just can't catch a break. After the Dhaka stock exchange dropped by 7% in December 2010, leading to widespread rioting and mostly looting, this was subsequently followed by two other market crashes in January both of which were about 10% in magnitude. Today, third time for 2011 may or may not prove to be the charm for the DHAKA, after overnight the stock exchange was in a 10.3% free fall. It is about time Sack Frost hold seminars to the less than developed nations, and teach them just how to deal with that phenomenon, which the WHO recently declared as extinct, known as selling, on those rare occasions it does flare out despite inoculations to the contrary. And while stock market induced rioting comes and goes as margin lenders realize that money is long gone, it is nothing compared to what may happen should the Rough Rice rocket continue taking out all highs. And one look at today's grains and softs futures demonstrates just what happens to commodities nominal prices when the Chairman refuses to allow even one down day in stocks.

In the meantime, for all our Bangladeshi readers, we hope you have taken your dramamine.


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Mon, 02/07/2011 - 09:27 | Link to Comment gwar5
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The Bangladesh Market Riot Index does not lie. Turmoil ahead.

Mon, 02/07/2011 - 09:28 | Link to Comment Commander Cody
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BTFD.  It's all good.

Mon, 02/07/2011 - 09:31 | Link to Comment SashaBelov
SashaBelov's picture

Yes, 10% dip in S&P would be also healthy :)


But after all, who needs food in USA, just dont let Netflix to raise subscription prices and I'm 100% confident there will be no inflation.

Mon, 02/07/2011 - 09:32 | Link to Comment firstdivision
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Mon, 02/07/2011 - 09:38 | Link to Comment hugovanderbubble
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Emerging Markets = SAFE? let me laugh¡¡¡¡



Mon, 02/07/2011 - 09:39 | Link to Comment Thomas
Thomas's picture

Hard to get excited about this one.

Mon, 02/07/2011 - 09:40 | Link to Comment firstdivision
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Emerging mkts are as safe as nflx...which is getting some serious buying by the IBs in premkt. 

Mon, 02/07/2011 - 09:44 | Link to Comment Bigger Dickus
Bigger Dickus's picture

Boy, do I feel like and idiot for having advised  my family to pull their money out of the market and put it into cash and commods.


I'm on the verge of a nervous breakdown here watching the SPY go up every single freakin day.

Mon, 02/07/2011 - 09:48 | Link to Comment Commander Cody
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Apt screen name? :)

Mon, 02/07/2011 - 11:02 | Link to Comment shortus cynicus
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I assume, by cash you mean gold and silver.

So gold, silver, commodities - so why are you nervous ?

Mon, 02/07/2011 - 12:39 | Link to Comment Hephasteus
Hephasteus's picture

Ya bigger dickus is the Head of the family.

By family do you mean frat house?

Mon, 02/07/2011 - 09:47 | Link to Comment Commander Cody
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Mon, 02/07/2011 - 09:52 | Link to Comment Bill Lumbergh
Bill Lumbergh's picture

If I recall correctly the RTS (Russian market) was breaking down big time before the 2008 implosion elsewhere...of course with POMO injections seemingly hourly this may just be another bump in the road to higher prices.

Mon, 02/07/2011 - 11:13 | Link to Comment shortus cynicus
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I have a theory, more speculation, that emerging markets plunges first because foreign smart money is leaving first from small and "sensitive" exchanges before they start selling big ones. 

My conspiracy instinct says me, that our master decided to slow QE2 down, allowing correction in S&P or even commodities, so anyone being good connected prepares accordingly.

Mon, 02/07/2011 - 09:48 | Link to Comment nudedude
nudedude's picture

This is huge, run for the exits...........yawn.

Mon, 02/07/2011 - 09:49 | Link to Comment Id fight Gandhi
Id fight Gandhi's picture

Whatever you believe in life, one thing is for sure, balance. Eventually the equal and opposite will appear. Most likely we will see the most violent sharpest drops in stock market history.

We just cannot have every single day boner up day. Not even profit taking. No price discovery.

Mon, 02/07/2011 - 09:56 | Link to Comment virgilcaine
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The canary in the coal mine.. the emerging mkts and the bdi, euro.

Mon, 02/07/2011 - 09:53 | Link to Comment HoofHearted
HoofHearted's picture

Wasn't it the Bangladeshi market that was going to take traders who sold when the market was going down out back and shoot them? We may see some 1929 style "suicides" if this keeps up.

Mon, 02/07/2011 - 09:56 | Link to Comment Downtoolong
Downtoolong's picture

How do I hedge this? Will Goldman Sachs write me a swap on the Bangladesh looting index?


Mon, 02/07/2011 - 10:03 | Link to Comment onarga74
onarga74's picture

Bennie and the Jets have to keep things together. Get ready for Bangladesh Easing 1.

Mon, 02/07/2011 - 10:05 | Link to Comment Double down
Double down's picture

A 10% dip would be confusing

Mon, 02/07/2011 - 10:09 | Link to Comment Sudden Debt
Sudden Debt's picture

Maybe they should also install that "app" like the one installed on the Nasdaq servers?


Mon, 02/07/2011 - 10:12 | Link to Comment Bigger Dickus
Bigger Dickus's picture

The euro is down and the fucking indices are going up?

Anyway, the divergence between eur/usd and stocks and brent WTI crude mean one of three things:

1)the ECB is busy buying bonds and STOCKS

2)Money velocity is increasing rapidly and we could face a hyperinflationary collapse overnight

3)Stock longs everywhere are about to have their asses handed to them

Mon, 02/07/2011 - 11:05 | Link to Comment dbach
dbach's picture


We'll soon run out of greater fools. I'm suprised people (or robots) would be buying stocks that are nearing their 2007 highs. The economy was rainbows and unicorns then, aka home prices will always go up 8% yoy, 4% unemployment, borrowing to spend more than you make. Now everyone realizes those things were mistakes and we are paying for it now, cept for the market.

Mon, 02/07/2011 - 10:13 | Link to Comment onarga74
onarga74's picture

Maybe this is a good thing and we can get something going here. It would save the VIX from being mothballed since it's no longer relevant.

Mon, 02/07/2011 - 11:06 | Link to Comment disabledvet
disabledvet's picture

The who?  The banglorebashi's?  Never heard of 'em.

Mon, 02/07/2011 - 11:21 | Link to Comment RobotTrader
RobotTrader's picture

Most closed end Asian ETF's are selling at huge discounts to NAV.

IFN, for example, almost 9%.  Looks like it is bottoming, along with FXI.

If they can hold up into the close, I'll probably buy it at 4:00pm.


Mon, 02/07/2011 - 11:40 | Link to Comment Bastiat
Bastiat's picture

If they had proper free markets this would never happen!

Mon, 02/07/2011 - 11:41 | Link to Comment The Axe
The Axe's picture

Long Bangladesh  Short AAPl   that should do it....  lol

Mon, 02/07/2011 - 11:43 | Link to Comment Hedge Hunter
Hedge Hunter's picture

BTFD? Should I sell my silver and by stocks on the Dhaka?

Mon, 02/07/2011 - 13:18 | Link to Comment squexx
squexx's picture

What the FUCK is wrong with those people?!?!? Just buy the fucking dip!!!! No wonder they're so damn poor over there!!!!!

Mon, 02/07/2011 - 22:41 | Link to Comment Buck Johnson
Buck Johnson's picture

The emerging markets can't sustain all the hot money and in turn can't keep the US up and running either. 

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