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Originally Posted by Rivenscyr
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I'm invested in TVIX right now. Waiting to see what happens tomorrow, my opinion is obviously of a bearish nature.
And also, $30 billion isn't too bad. When the referendum was called last week, the markets took a dive of $95 Billion in the Euro Markets. Papandreou's resignation is indeed a near $100 Billion market mover.
EDIT: ICBC (Industrial and Commercial bank of China) saw Goldman Sachs sell about $8.54 billion dollars of their holdings in the bank today. This, alongside the market drop from today, saw the shares of ICBC drop up to 8.5% percent. This is the most it's dropped since Nov. 2008, and ICBC is the world's biggest lender by market value.
Margin calls also raised by 5% today on Italian Bond markets. This is gonna cause a big Margin Call to whoever is playing italian debt (and believe me, lots of big institutions are) Thurs/Fri.
P.S.: French Short-sale bans are going to expire this friday. What does this mean? It means people can now begin to short the French banks again
Italy and Spain have similar short-selling bans in place, but those are set to expire soon too. They may extend them, we will see.
Things a' brewin' folks.