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On August 4, the Dow-jones Average drops exceeded 500 a little bit, this is achieved from 2008 since financial crisis the biggest drop. At this late hour, appear to still be denied without the person, what investor puts delay to crisis of euro area debt and global economy is anxious it is the macroscopical element that drops this greatly. That besides large-scale panicky mood, what what element still ignited global stock market one round this is big drop?
most popular selling t mobile prepaid cards Guess one: High frequency trade aid push?
After from May 6, 2010 the US stock fluctuates at 1000 o'clock, high frequency trade politic (High Frequency Trading) had been caused super- the market attention of common. And be in the market is at present huge a dropping circumstance below, high frequency trade to be pushed again where the wind and the waves are highest.
Silent of Clay of · of Jim of news analyst of finance and economics of American CNBC TV program (Jim Cramer) thinks the US stock steeps fall namely is brought about by high frequency bourse. "You must believe the stock market steeps fall concern with the machine. Because undersell is complete chain measure. The impetus of market usu. in anticipation of or in order to bring about a fall in price is so feral, the price that sells the home to be willing to be bought with be willing under you sells, the investor of general reason cannot catch up with even, this is the machine is worn in dictate apparently its happening, the investor that is not rational wisdom with respect to the company individual make decision-making. " Kelaimo points out, "The machine won't realize oil price is in glide, price of raw material of the sources of energy glides to a lot of stocks it is profit is good. Price of raw material of the sources of energy glides to a lot of stocks it is profit is good..
Undeniable is, since new century, 2000 the beginning of the year, high frequency trade to go up in American market trade portion inadequacy always trades 10% of the quantity, but had risen to 60%~70% nowadays.
Nevertheless, still have a lot of people and disapprove of his this one view, they think high frequency trading is the scapegoat that the stock market steeps fall. resealable bags
Macroscopical Zhao Zhong is opposite the virgin copartner that invests to developing fund admire flourish daily of the first finance and economics " money business " the reporter expresses: "Korea drop greatly ascribe to nominal, preparation prohibits doing empty, and Kelaimo is quite high frequency trade. Anyhow these are evadable, it is the destruction of the person of have ulterior motives anyhow. It is the destruction of the person of have ulterior motives anyhow..
Analyst of department of innovation of banking of some certificate merchant also thinks, the market anticipates and the mood appeared to change, the machine is executive strategy of method and ego only.
Nevertheless, of the stock market steep fall caused investor to be opposite again high frequency trading doubt and censure. On August 8, the United States superintends an orgnaization to decide to increase the investigation strength of unusually fluctuant to the market incident, at present a few high frequency trade the company had received subpoena, the requirement assists investigation.
Guess 2: Does exchange rate interpose make like that?
On August 4, the eve that global stock market steeps fall. Foreign currency market appeared two extremes incident: Swiss Central Bank (Swiss National Bank) and Japanese Central Bank (Bank Of Japan) adopts what large-scale interpose arrange inflict restrains Swiss franc and yen to appreciate respectively.
That day, the dollar is right yen hurricane 2.345% . For the yen that tall to adopting lever trades and bull of lucky man market, the facet when the incident of arise suddenly is meant is faced explode the menace of the storehouse. Because this market appeared such one kind guesses: A few at the same time invest in foreign currency is mixed of stock market give partial share to developing fund to must sell, increase security demand newly to tall lever investment in order to answer.
Such likelihood is not nonexistent. Appear in the heavy goods such as crude oil, gold, silver stee the most popular t mobile prepaid cards p fall May, the stock market also encountered loot one round, because be cheated in commodity option market,a lot of orgnaization investor are suffer lose, must the bail that undersell stock will come to increase commodity market.
Nevertheless, also the market analyses a personage to express to the reporter, japanese government and Swiss government intervention collected city to already brewed very long, the market has already early to this anticipate. Those investor that do much yen intervene in this Japan governmen the best selling memory laptop toshiba t exchange rate brings about yen to devalue medium loss should be not big. And last week the undersell of 4 is begin from Europe, continue in the United States, accordingly this should be one is aimed at stock market cast dish of operation.
Zhao Zhong also points out, type of stock market chute drops need stock market and collect city large-scale synergism, but this kind of proportion that trades to taking the market to fund should be not large. mountain t shirts
And will rise on August 1 from this year, the highest lever that bail of Japanese foreign currency trades already from 50 times fall to 25 times. The analyst points out Magendatong, before August 1, security manager dealer is already right open a person to had undertaken conduct propaganda, this makes negotiant is in a week or earlier before had gotten used to new lever multiple to restrict. This also can explain from another flank, the devalues to drop greatly to the stock market considerably effect that yen plays in governmental intervention may be finite.
Guess 3: To developin t mobile prepaid cards g fund cause trouble?
S free scooby costume till remember, last year on May 6, when the United States fluctuates at 1000 o'clock, famous " black swan " fund -- annulus eaves invests a company (Universa Investments L.P. ) virgin forces overcomes · Sipicinageer (Mark Spitznagel) ever purchased 50000 hands value at that time the be expected to fall of the 500 indexes of mark general of 7.5 million dollar period, and 20 minutes after his this one instruction is given out in, dow Jones industry is average exponential mad have diarrhoea is 1000 bits closer, achieve the odd-numbered days with Dow-jones Average the oldest throughout history to drop for a time. And Sipicinageer also is considered as to cause market usu. in anticipation of or in order to bring about a fall in price accordingly and cause collapse finally dish " culprit " .
So, this some a few markets is steeping fall " air force " assault place brings about?
On June 13, 2011, sipicinageer ever issued a warning when accepting CNBC to interview, 500 indexes will fall prospective mark general defeat comes 750 a little bit, drop it is at least 40% . And, he the happening that detain records this one event. Message personage points out, up to on August 8, firm of annulus world investment is subordinate " black swan " fund account appeared the return rate of nearly 900% .
Since crisis of beautiful Europe debt after showing water, the investor that has a lot of has begu most popular selling memory card digital cameras n to shift to an earlier date layout, use period authority and other derive article will drop to developing its risk, but at present till, still show without evidence they are the prime criminal that the stock market drops.
And according to Chicago period authority liquidates period authority bourse company (the data of OCC) , american stock, index and index (of agreement of ETF) period power trade dimensions is just will start the odd-numbered days one by one that gives 3991 on August 5 Shi Xingao.
Undeniable is, besides nominal, the large-scale to pouring fund undersell in spot market also aggravate the market st free memory card digital cameras eeps fall.
Be in since this year in major while, be in as a result of a lot of investor wait-and-see in, the market clinchs a deal the amount is small all the time fan, but since August 4, the stock clinchs a deal the quantity magnifies suddenly, a lot of investor are in gather together the ground sells be derailed the bill. The member that business of American some certificate trades also points out, to pouring fund, especially the to strong fund usu. in anticipation of or in order to bring about a fall in price strength that those do business with borrowed money is the greatest. When the share drops suddenly, these repay to be forced to sell asset to fund its borrow money.
Data shows, those maintain a warehouse to pouring fund of the stock with the biggest proportion drop most violent. Include American bank among them (Bank Of America) and Li Er company (Lear Corp. ) wait.
Zhao Zhong also expresses to the reporter, be in the United States now the stock market everyday clinch a deal in the quantity, having 2/3 is to come from pour fund at be opposite.
Guess 4: Is joint fund panic cast dish?
Last kinds guess is joint fund and fund of provide for the aged from stock market evacuate a large number of capital.
The member that some market trades points out, in the past in two weeks major while, the long-term orgnaization investor such as dominion money fund and fund of provide for the aged is decreased considerably held a share, and the fund manager of joint fund asks to smoke in investor be derailed must sell the bill again when leaving fund.
Bai Gong of manage of orgnaization of joint fund grade manages (the data that Lipper) publishs shows, up to this Zhou San's a week, 17.6 billion dollar pours out of stock fund, and a week before this, this kinds of fund has poured out of 20.5 billion dollar.
In all fund, fund of lever type ETF is considered as the matter that brings acuteness wave motion to the market. The interior with this kind of multiple fund runs a mechanism to be meant when going up in the m most popular selling canon ef 15mm arket, they can buy a share, and when the market drops, they can sell be derailed the bill. Next wave motion on the market are bigger, these account are bought or sell the amount that give bigger also.
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