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Category Archives: idiots

at the start of the global stock market sell off during october, a number of stock exchanges closed their doors in an effort to halt the crash. russia and indonesia were two of a handful who thought this might be a good idea.

as it turns out, it wasnt exactly the brightest move.

after closing for a day or so, they both opened only to crash even harder than they had before.

so they were closed again. but this time for a few more days.

and it crashed even more after it opened.

russia closed its market 20 times in the month of october alone,… and it didnt do anything to stop the slide.

i would argue that it actually made things much much worse, and here’s why:

traders are already losing money, but traders will generally still keep money in the market to some degree, because they know that if it does really get very very bad they can always pull it out tomorrow,….. ever the optimists.

when you close an exchange you basically say “no, you cant take it out until we say you can”

alot of traders are playing with borrowed money, infact the majority of traders are playing with borrowed money. so by locking up the bourse you are locking up their cashflow which is what leads to the massive sell out the day the bourse opens up again.

closing the bourse could have the effect of making the market more volatile rather than less.

what? close it so traders can regain their senses?

hahahahahahahahahahaha!

no such thing.

the panic may be greater.

its like this,….

you’ve got the choice of either

a) being cut a thousand times and slowly bleeding to death, with the hope that you might survive, but you know you will probably die,

or

b) we’re gonna slice your head off in one swift move.

which one would make you kick and scream more?

there is only one law on the markets, and that is that traders and investors are not rational.

so stupid idea or not?

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bloomberg kse closed

according to bloomberg.

thank you Ansam

apparently it is closed until november the 17th which is the date that the court will convene again.

so yay! me,… 3 day weekend!!!

whoohoo!

there are no trades tacking place or going thru right now.

and the website isnt loading.

i know the courts were meant to decide today on whether or not they would close the KSE.

it looks like they might have closed it down.

oy vey,….

the nerve of some beoble!

the nerve of some beoble!

step 1:

do you have the papers from the 5th of november?

well go get it and no dilly dallying around!

what are you waiting for?

chop chop!

step 2:

now head on over to ebay and auction them off like a bunch of other quite clever people are doing.

1 copy of the Obama edition of just about any newspaper is being sold for anything between US$20 up to US$100. thats an almost 100% return at the least!

go on hurry!

why are you still reading this?!

you can thank me by paying me a finders fee of 25% of your profit for telling you about this loverly opportunity.

you’re welcome.

“a muslim in the white house! whoohoo!”

“an arab is in the white house whoohoo!”

oy vey,…

congratulations obama, you ran a good race and deserved to win.

and thank you for showing me just how surrounded with idiots i am.

its time to get some fresh air.