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Danyves
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MessagePosté le: Mer 17 Oct - 20:47 (2012)    Sujet du message: Les Marchés Répondre en citant

Why we may be doomed to repeat Black Monday 1987 
Prepare yourself for another stock-market crash as damaging as that of Oct. 19, 1987, writes Mark Hulbert. At current levels, that would mean a single-session Dow decline of more than 3,000 points.
• Black Monday memories still vivid for market vets  | Slide Show: 10 greatest market crashes 


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MessagePosté le: Mer 17 Oct - 20:47 (2012)    Sujet du message: Publicité

PublicitéSupprimer les publicités ?
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Danyves
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MessagePosté le: Mer 17 Oct - 21:00 (2012)    Sujet du message: Les Marchés Répondre en citant

 Brokers urged to speed up US share trades


High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/0a84e44e-17a2-11e2-8cbe-00144feabdc0.html#ixzz29aIM3mAj


By Stephen Foley in New York


Investors and brokers are being urged to cut the time it takes to settle US equity trades, a modernising move that could have its biggest impact on sleepy regional stockbrokers and on investors who prefer paper stock certificates.
Two industry-run groups are trying to forge a consensus to reduce settlement times, for fear that the current three-day cycle is an unresolved source of risk to the financial system.


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Danyves
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MessagePosté le: Mer 17 Oct - 21:01 (2012)    Sujet du message: Les Marchés Répondre en citant

time it takes to settle US equity trades


Comment: US trade settlement must be faster
By Marianne Brown, chief executive of Omgeo


Many may be surprised to know that the time it takes to process financial trades in a number of major markets around the world is still three business days or more – a lifetime compared to other everyday instant transactions, such as online shopping.
Yet that is the delay that market participants currently face, and it is a problem. The sooner a trade can be confirmed and settled, the quicker the counterparties to the trade can exchange money and securities and eliminate counterparty risk – critical components to decreasing uncertainty around the world and freeing up capital for reinvestment much more quickly.

MoreON THIS TOPICIN CLEARING & SETTLEMENT
The US can learn from Europe on this front. In March, the European Commission issued its proposed rules for increasing settlement efficiency across the EU by recommending a common regulatory framework for central securities depositories.
The EU already took the first step in advancing in this area, seeking to install a consistent clearing and settlement method across all 27 markets in 2015. This is something the US did years ago when it built the Depository Trust & Clearing Corporation.


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shadok
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MessagePosté le: Mer 17 Oct - 21:06 (2012)    Sujet du message: Les Marchés Répondre en citant

Danyves 
Je crois que le risque d'un black monday est moindre . Ils ont mis des coupe circuits partout en place . Au pire , ils feront ce qu'ils ont déjà fait précédemment en Mai 2010 : annuler les séances . 
Ce n'est qu'un vaste casino .. 


Par contre ce qui n'est pas casino, c'est le fait que la plupart des fonds de pension américains et européens dépendent de l'état de ces marchés là et aujourd'hui , c'est un peu la panique . 


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Danyves
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MessagePosté le: Mer 17 Oct - 21:16 (2012)    Sujet du message: Les Marchés Répondre en citant

L'article dit que ni les coupes-circuits ni les stop losses ne tiendraient.



By Mark Hulbert, MarketWatch
CHAPEL HILL, N.C. (MarketWatch) — Prepare yourself for another stock market crash as big as the free fall in October 1987.

No way to stop losses
The researchers derived a complex mathematical formula for predicting the frequency of large daily stock market movements. Though they believe that their formula rests on a solid theoretical foundation, the proof of the pudding is in the eating. And they found that not only does the U.S. stock market over the last century closely adhere to the formula, so do international markets.
REVISITING THE 1987 STOCK MARKET CRASH


Another stock crash like in October 1987 is inevitable 
Prepare for another stock market plunge as big as the free fall in October 1987, writes Mark Hulbert. At current levels, that would mean a Dow decline in a single session of more than 3,000 points.
• Listen to memories of Black Monday 1987 
• The 10 greatest market crashes ever 
• Take our poll: Do you expect another crash?
• Coming Thursday: Buying into the panic


A single-session drop of at least 20%, for example, is predicted — over long periods — to occur once every 104 years, on average, but it could happen at any time. That’s why you always have to prepare for it, because you don’t know when it will occur.
If the frequency of crashes of various magnitudes is predictable, shouldn’t precipitous slides also be preventable?
Professor Gabaix says “no.” Crashes are an inevitable feature of the investment arena because every market, to a more or less similar degree, is dominated by its largest investors. When those large investors collectively want to get out of stocks, which will happen on occasion, they will find ways to circumvent myriad downside protections such as circuit breakers that may be in place.
Profession Gabaix therefore recommends that all of us — whether individuals or large institutional investors, such as banks and mutual funds — cushion our portfolios so that a crash as large as 1987’s won’t be fatal.


Unfortunately, he added, for most investors that’s easier said than done. Those cushions are a drag on portfolio performance as long as the market doesn’t plunge. After big stretches in which no major crash occurs, the pressure becomes overwhelming to toss out those cushions in pursuit of short-term profits.
The bottom line? Regulators are tilting at windmills in trying to formulate reforms that would prevent large daily market drops. Even worse, these regulatory efforts lull gullible investors into a false sense of security.
Repeat after me: Another stock market crash as big as 1987’s is going to happen. Period.


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shadok
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MessagePosté le: Mer 17 Oct - 21:55 (2012)    Sujet du message: Les Marchés Répondre en citant

Le 6 Mai 2010 , çà n'a pas tenu : ils ont annulé la séance !!!! ... 

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Danyves
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MessagePosté le: Mer 17 Oct - 23:28 (2012)    Sujet du message: Les Marchés Répondre en citant

Regulator: banking ringfence flawed

      • Paul Volcker says plans to separate investment arms from high street operations would encourage bosses to seek loopholes


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      Danyves
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      MessagePosté le: Jeu 18 Oct - 16:26 (2012)    Sujet du message: Les Marchés Répondre en citant

      Goldman Ex-Employee Says Firm Pushed Europe Bank Options Bloomberg




      Goldman Sachs Group Inc. (GS) sought to profit last year by persuading clients to buy and sell stock options on European banks such as BNP Paribas SA (BNP) and UniCredit SpA (UCG), according to former employee Greg Smith's new book.
      "We must have changed our view on each of these institutions from positive to negative back to positive ten times," Smith writes in "Why I Left Goldman Sachs: A Wall Street Story," scheduled for release on Oct. 22. "I remember thinking, ‘How can we be doing this with a straight face? No thinking client could believe that conditions on the ground could change that frequently."'
      Smith, a South African who graduated from Stanford University, is the first former employee to write a critical account of his career at New York-based Goldman Sachs. The 143- year-old firm was once the most profitable on Wall Street and counts among its alumni two former U.S. Treasury secretaries and the European Central Bank president. Excerpts of the book were published yesterday by Politico.
      Smith, who said he moved to London from New York to run the U.S. equity-derivatives business in Europe, doesn't explain in the book how he knows that Goldman Sachs was trying to get clients to trade European bank options. Prices of European bank stocks and other assets fluctuated during the year amid the region's sovereign debt crisis.
      Smith ended a 12-year career at Goldman Sachs with a March 14 New York Times article criticizing what he called a "toxic and destructive culture" in which employees were callous about "ripping their clients off."
      No EvidenceGoldman Sachs investigated Smith's claims in the article and "found no evidence to support them,"David Wells, a spokesman for the company, said yesterday in an e-mail. The bank declined to comment on the book because it hasn't had an opportunity to review it, he said.
      "It is unfortunate that an individual opinion about Goldman Sachs is amplified in a newspaper and speaks louder than the regular, detailed and intensive feedback you have provided the firm and independent, public surveys of workplace environments," Chief Executive Officer Lloyd C. Blankfein and President Gary D. Cohn wrote in a memo to employees on the day Smith's article was published. "Across the firm at all levels, 89 percent of you said that the firm provides exceptional service" to clients.
      Smith's article wiped $2.15 billion off the bank's market value as it threatened to reignite criticisms of treatment of clients that had emerged in the wake of the 2008 financial crisis. The loss wasrecovered in less than a week.
      Lawsuit, AllegationsThe bank paid $550 million in 2010 to settle a lawsuit filed by the Securities & Exchange Commission that alleged it misled investors in a 2007 mortgage-linked security. A Senate subcommittee also singled out Goldman Sachs for criticism, saying it bet against clients in the run-UNNp to the financial crisis. The firm has denied any wrongdoing.
      Blankfein, who has been trying to rehabilitate the firm's image, told CNBC last week that he's "not looking forward to the hoopla" that will surround the book's publication.
      In the book, as in his article, Smith describes being surprised to hear employees openly disparaging clients as "muppets" when he transferred to the London office last year.
      "Being a muppet meant being an idiot, a fool, manipulated by someone else," Smith says in the book from Grand Central Publishing. "Within days of arriving in London, I was shocked at how many times I heard people -- both very senior and very junior -- refer to their clients as muppets."
      Smith describes drinking and gambling with executives at the firm. He recounts a weekend trip to Las Vegas and a dip in a hotel hot tub with Goldman Sachs colleagues and a topless woman. An executive referred to as Bill-Jo bet a $500 chip on blackjack, doubled his money and handed both chips to Smith, according to the book.
      Smith also describes being disappointed with his $500,000 bonus at the end of 2006.
      "By any measure, I should have felt exceptionally lucky and grateful," he writes. "But by the warped logic of Goldman Sachs and Wall Street, I was being screwed."
      To contact the reporter on this story: Christine Harper in New York at charper@bloomberg.net
      To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net.


      More From Bloomberg


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      Danyves
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      MessagePosté le: Jeu 18 Oct - 17:02 (2012)    Sujet du message: Les Marchés Répondre en citant

      http://www.marketwatch.com/story/3-places-to-hide-your-cash-from-a-market-i…
      24/7 WALL ST.
      7 companies that power Germany's economy




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      shadok
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      MessagePosté le: Jeu 18 Oct - 22:50 (2012)    Sujet du message: Les Marchés Répondre en citant

      Google : suspendue plus de deux heures, la cotation reprend

      Les résultats trimestriels, décevants, ont été publiés trois heures avant l'horaire prévu, provoquant l'effondrement du titre

       

       


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      Danyves
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      MessagePosté le: Ven 19 Oct - 03:00 (2012)    Sujet du message: Les Marchés Répondre en citant

      Asia stocks mostly retreat
       Reuters 
      TECHNOLOGY
      Google jumps the gun: Falling profit misses mark 
      Report slated for after hours filed early with SEC shows decline in earnings despite revenue rise.
      • Google's goof spells giggles on Twitter (The Tell)


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      Danyves
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      MessagePosté le: Ven 19 Oct - 03:02 (2012)    Sujet du message: Les Marchés Répondre en citant

      U.S. MARKET SNAPSHOT
      Google sinks Nasdaq 
      Surprise report from Google pushes the rest of the tech sector deep into the red, casting a particularly hard shadow over Facebook and Yahoo.
      • 6 Wall Street blogs you should be reading 
      • Chipotle, Microsoft shares struggle after hours 




      JON FRIEDMAN'S MEDIA WEB Archives | Email alerts
      Oct. 18, 2012, 1:43 p.m. EDT
      6 Wall Street blogs you should be readingCommentary: They inform, entertain and provoke readers

      By Jon Friedman, MarketWatch
      NEW YORK (MarketWatch) — Meet six of the most influential bloggers on the Wall Street scene.
      They consistently go beyond what the traditional media have always done: report the news. Unlike journalists who remain a step removed from the subjects they report on, these bloggers possess a keen understanding of what market enthusiasts want to read, often thanks to their participation in the market. And their Twitter feeds have made them more influential, allowing readers to stay on top of their every publishable thought.
      They can generate thought-provoking content that moves the financial markets. They also have an impact on the thinking of investors on Wall Street and Main Street.
      Why this group? I have selected these bloggers not only because I personally think they add something original to the conversation either by being analytical, forward-thinking or downright witty. You seem to agree with me. Having a clear, original, daring point of view is what helps a writer today cut through the millions of offerings on the Internet. These folks possess those qualities. This is what helps make them influential.
      They aren’t like everyone else. Each has a distinct voice and persona.


      .../...


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      Danyves
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      MessagePosté le: Ven 19 Oct - 06:44 (2012)    Sujet du message: Les Marchés Répondre en citant

      1987 STOCK-MARKET CRASH
      Get set to buy stocks 
      after a market crash 
      Buying stocks at points of maximum pessimism takes steel nerves most investors don’t have. So how do you take the plunge after a plunge?


      Commentary: Old Masters of Wall Street teach the art of investing



      By Jonathan Burton, MarketWatch


       
      The mother of all modern manias, the Tulip mania saw prices for fancy tulip bulbs soar to prices many times a skilled artisan’s annual income. A Satire on the Folly of Tulip Mania by 17th Century Flemish painter Brueghel the Younger is a clear indictment against mindless speculation.
      SAN FRANCISCO (MarketWatch) — Wall Street has never been a market for old men — but when the going gets tough, the graying veterans get the 3 a.m. call for help.
      Today’s stock-market gurus were 25 years younger on Oct. 19, 1987, when they learned a painful lesson in the throes of a full-blown investor panic. The Dow Jones Industrial Average DJIA -0.06% lost almost a quarter of its value that day — its worst single-session percentage drop ever. “Black Monday” conjured fears of that other October crash almost 60 years earlier, which ushered in the Great Depression.


      In fact, the day after Black Monday was a terrific time to buy stocks.
      A $10,000 stake in the 30 Dow stocks on Oct. 20, 1987 would be worth more than $137,000 now, according to investment researcher Morningstar Inc. That’s an 11% annualized return, including dividends, and even factoring in shareholders’ “lost decade” between 2000 and 2010.
      But buying at points of maximum pessimism takes steel nerves most investors don’t have. Few of us could readily follow Baron Nathan Rothschild’s famous dictum to “buy when there’s blood in the streets — even if it’s your own.” Fear and doubt, in our own lives or caroming off of global, large-scale events, are powerful and limiting emotions. Read more: David Rosenberg on how to protect your money from the next stock crash.
      So how do you take the plunge after a plunge?
      The old Masters of Wall Street: how well they understood — and still do. Market pros see the wisdom in Warren Buffett’s admonition, channeling his mentor Benjamin Graham, to “be greedy when others are fearful, and fearful when others are greedy.”Read more: Warren Buffett's winning ways, 50 years on.
      They realize, as the revered market analyst Bob Farrell noted in his famous “Market Rules to Remember,” that there’s money to be made given that “fear and greed are stronger than long-term resolve.” Read more: 10 investing rules tailored for a tough market..../....


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      shadok
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      MessagePosté le: Ven 19 Oct - 11:36 (2012)    Sujet du message: Les Marchés Répondre en citant

      Celui là , je ne pouvais quand même pas le laisser passer !!!


      Menthalo – Comment les Shadoks gonflent les indices


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      MessagePosté le: Ven 19 Oct - 11:38 (2012)    Sujet du message: Les Marchés Répondre en citant

      Good old Pump and Dump

      1. Pump and dump - Wikipedia, the free encyclopedia

      en.wikipedia.org/wiki/Pump_and_dump
      "Pump and dump" is a form of microcap stock fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements, ...

      Pump and dump scenarios - Short and distort - Regulation - References

      Pump and Dump
      www.sec.gov/answers/pumpdump.htm
      "Pump and dump" schemes, also known as "hype and dump manipulation," involve the touting of a company's stock (typically microcap companies) through ...


      Pump And Dump Definition | Investopedia
      www.investopedia.com/terms/p/pumpanddump.asp
      A scheme that attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements. The perpetrators of ...


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