It is believed that Khashoggi was dismembered after being abducted by the Saudis, and all of the major western powers have expressed major concern about his fate.  But the Saudis insist that they didn’t have anything to do with his disappearance, and they are threatening “greater action” if any sanctions are imposed upon them.  The following comes from USA Today…
The month began with more bad news. The Labor Department reported that the economy had lost a staggering 240,000 jobs in October. The AIG bailout grew to $150 billion. Treasury announced it was using part of the $700 billion bailouts to buy preferred stocks in the nations' banks. The Big Three automakers asked for a federal bailout. By November 20, 2008, the Dow had plummeted to 7,552.29, a new low. But the stock market crash of 2008 was not over yet.
I don’t even know how many records I own, but it’s in the thousands. I have records, tapes, CDs, and computer files going all the way back to the 1880s. I even have one recording from 1869. A scientist was studying sound waves and recorded a woman singing “Clare De Lune.” He recorded it as wavy lines on a soot-covered paper. Someone recently scanned it and converted it back into sound. It doesn’t sound very good, but it’s amazing that you could retrieve sound from marks on a sooty piece of paper.
The internal reasons included innovations with index futures and portfolio insurance. I've seen accounts that maybe roughly half the trading on that day was a small number of institutions with portfolio insurance. Big guys were dumping their stock. Also, the futures market in Chicago was even lower than the stock market, and people tried to arbitrage that. The proper strategy was to buy futures in Chicago and sell in the New York cash market. It made it hard – the portfolio insurance people were also trying to sell their stock at the same time.[14]

On October 24, many of the world's stock exchanges experienced the worst declines in their history, with drops of around 10% in most indices.[38] In the US, the DJIA fell 3.6%, i.e. not as much as other markets.[39] Instead, both the US dollar and Japanese yen soared against other major currencies, particularly the British pound and Canadian dollar, as world investors sought safe havens. Later that day, the deputy governor of the Bank of England, Charles Bean, suggested that "This is a once in a lifetime crisis, and possibly the largest financial crisis of its kind in human history."[40]


Even though the financial crisis was resolved by the start of 2009 the housing market continued to decline throughout 2009. There were over 3 million foreclosure filings for 2009. Unemployment rose to over 10% and the housing market crash created the worst recession since the early 1980’s. By the 4th quarter of 2009, the U.S. has experienced significant GDP growth and corporate earnings had increased by over 100%. The Unemployment Rate had stabilized towards the end of 2009. By 2010 housing prices still haven’t gone up and we are still working on a surplus of housing inventory.
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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

The fat-finger theory: In 2010 immediately after the plunge, several reports indicated that the event may have been triggered by a fat-finger trade, an inadvertent large "sell order" for Procter & Gamble stock, inciting massive algorithmic trading orders to dump the stock; however, this theory was quickly disproved after it was determined that Procter and Gamble's decline occurred after a significant decline in the E-Mini S&P 500 futures contracts.[19][20][21] The "fat-finger trade" hypothesis was also disproved when it was determined that existing CME Group and ICE safeguards would have prevented such an error.[22]

While every care has been taken in the preparation of this article, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) and AMP Capital Funds Management Limited (ABN 15 159 557 721, AFSL 426455) makes no representations or warranties as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Past performance is not a reliable indicator of future performance. This article has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. An investor should, before making any investment decisions, consider the appropriateness of the information in this article, and seek professional advice, having regard to the investor’s objectives, financial situation and needs. This article is solely for the use of the party to whom it is provided.
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Yes Bank share price collapsed as much as 34% to more than a 2-year low on Friday morning after country's fifth-largest private sector lender said that the present MD & CEO Rana Kapoor may continue as MD & CEO till 31 January 2019.  The board of directors of the bank are scheduled to meet on 25 September 2018 to decide on the future course of action, Yes Bank said in a regulatory filing. The stock of Yes Bank bottomed to over a 2-year low of Rs 210.1, down 34.03% on BSE while the stock tanked 31.67% to Rs 218.10 on NSE. Unusually high trading volumes were seen on the counters of Yes Bank, as at 9:39 am, about 10.5 crore equity shares of Yes Bank exchanged hands on both NSE and BSE with 9.7 crore equity shares being traded on NSE alone.

Forthcoming state elections are being pitched as Modi’s acid test before the parliamentary elections scheduled for May. As the Opposition seeks to cobble together a coalition against the Modi-led BJP and raise fresh controversies to corner his administration, analysts and political observers are losing their earlier confidence about Modi’s chances of winning a second term. An adverse election result may bring in temporary uncertainty over policy continuity and make investors nervous.


We want to hear from you and encourage a lively discussion among our users. Please help us keep our site clean and safe by following our posting guidelines, and avoid disclosing personal or sensitive information such as bank account or phone numbers. Any comments posted under NerdWallet's official account are not reviewed or endorsed by representatives of financial institutions affiliated with the reviewed products, unless explicitly stated otherwise.

I live in a housing bubble market with everyone attempting to buy at sky high prices. I bought 4.5 years ago, and am looking at selling for over a 100% gain in that amount of time. Yes attempting to sit on the sidelines waiting for the market to change may not seem the best, but rather than being intent on jumping back into the poker game because you like the action, take your earnings off the table. Markets can remain irrational for exuberant amounts of time, but you have to weigh it out. At the moment a 30% retrace would mean I lose $140,000 worth of equity currently available. I’ll rather that liquidity in the bank any day over paying the mortgage of an asset still owned by a lender, which to me is a liability.
The joint report continued: "At 2:45:28 p.m., trading on the E-Mini was paused for five seconds when the Chicago Mercantile Exchange ('CME') Stop Logic Functionality was triggered in order to prevent a cascade of further price declines. In that short period of time, sell-side pressure in the E-Mini was partly alleviated and buy-side interest increased. When trading resumed at 2:45:33 p.m., prices stabilized and shortly thereafter, the E-Mini began to recover, followed by the SPY".[41] After a short while, as market participants had "time to react and verify the integrity of their data and systems, buy-side and sell-side interest returned and an orderly price discovery process began to function", and by 3:00 p.m., most stocks "had reverted back to trading at prices reflecting true consensus values".[41]
It’s not over.  The worst October stock market crash since 2008 got even worse on Friday.  The Dow was down another 296 points, the S&P 500 briefly dipped into correction territory, and it was another bloodbath for tech stocks.  On Wednesday, I warned that there would be a bounce, and we saw that happen on Thursday.  But the bounce didn’t extend into Friday.  Instead, we witnessed another wave of panic selling, and that has many investors extremely concerned about what will happen next week.  Overall, global stocks have now fallen for five weeks in a row, and during that time more than 8 trillion dollars in global wealth has been wiped out.  That is the fastest plunge in global stock market wealth since the collapse of Lehman Brothers, and it is yet another confirmation that a major turning point has arrived.

During the 1920s, the U.S. stock market underwent rapid expansion, reaching its peak in August 1929, after a period of wild speculation. By then, production had already declined and unemployment had risen, leaving stocks in great excess of their real value. Among the other causes of the eventual market collapse were low wages, the proliferation of debt, a struggling agricultural sector and an excess of large bank loans that could not be liquidated.
The past week saw “risk on” with the latest escalation in the US/China trade conflict being less than feared. This saw shares rally, bond yields rise, commodity prices gain, the US$ fall and the A$ rise. US shares rose 0.9%, Eurozone shares gained 2.1%, Japanese shares rose 3.4%, Chinese shares rose 5.2% and Australian shares rose 0.5%. While the Australian share market participated in the global share market rebound, over the last week it has gone back to underperforming again, reflecting its relatively defensive/high-yield characteristics.
Another thing you can do if you're anticipating a market crash is to include a bunch of defensive stocks in your portfolio, as they tend to get less punished during a market downturn. Defensive stocks belong to companies whose fortunes aren't very tied to the economy's movements. For example, people might put off buying refrigerators or cars during a recession, but they'll still buy groceries, socks, soaps, gas, medicine, electricity and diapers. Thus, food, tobacco, energy, and pharmaceuticals are some defensive industries, seen as more stable than their "cyclical" counterparts, such as the homebuilding, steel, automobile, and airline industries. You don't have to avoid cyclical industries in your investing, but know that they can move sharply in relationship to the economy.
Will stock investors panic spill over to the housing markets and cause the Fed to pull back on rate increases? Is too much bad news, negative earnings outlook, rising interest rates, global trade friction, supply chain disruptions, or declining stock performance making investors panicky? Something about the market fundamentals is outside investor’s comfort zone. Is this a stock market correction, or a warning that the market could begin to slide?
In this example, a tail-hedged portfolio would spend 0.5% of its equity exposure every month buying 2-month put options that are about 30% out-of-the-money. After one month, those put options are sold and new ones bought according to the same methodology. Spitznagel demonstrates the value of this methodology in the chart below. When Tobin’s Q is in its uppermost quartile, the portfolio he describes above outperforms a simple buy-and-hold approach by about 4% per year.

With IL&FS getting closer to an absolute liquidity crunch and defaulting on its ICDs and CPs, the RBI has started tightening the vigilance on banks and other financial institutions. For starters, the RBI asked banks to be cautious about buying HFC bonds considering their exposure to IL&FS debt. IL&FS has outstanding debt to the tune of $12.5 billion and the market is rife with news that most of the HFCs have large exposure to IL&FS debt. Of course, the promoters of Indiabulls and DHFL have denied any exposure but the news refuses to go away. The mood was also sourced by a large Indian mutual fund selling DHFL bonds in the market at an above-market yield of almost 11%. That also took its toll on the markets.
Solid advice, but investors should broaden their horizons to encompass digital currency, as the fallacy of global fiat currency is insane in the social media world we live in today.  Trust in the government is eroding, as is the reporting needed to only use a dollar denominated unit of measure in a world where block chain and liquid, easy to use Bitcoins are in your digital wallet and you can buy anything from an airline ticket to a car on auction on eBay.
This book has lots of good statistical information to back up its premises...which seem to boil down to...Buy a home within your means (and he does define how to find that out, which is a good thing if you can't figure it out on your own)...Anticipate that the home market could go down as interest rates rise making your home harder to sell in a pinch (to his credit, he tells you how to avoid that too)...and a few other common sense rules of buying that could be applied to many things. If a person is going to spend 6 figures on anything, you would think that they would take the time to learn what they are doing, but it is obvious to the author and to many other people watchers in the world that too many people just don't put effort into watching where they put their money. So, if you are a person who carefully spends your money without rushing into any purchase, you probably have enough sense to not have to buy this book; and if you are person who is just the opposite, you probably aren't too concerned even now about learning anything about your home purchase, so you aren't even reading this review. Last note: if you were going to buy properties to use for investment purposes, this book could be of assistance. Hope this helps.
Thanks for writing the article. It makes some sense. but how about if the amounts are very different? I am currently considering selling my home which will now sell for $1.7 mil. when I purchased 6 years ago it was just under $600k. a 20% drop would be a gain of $340k which would be nice. But the main reason I would consider selling is to re purpose the tax free gains and invest in a range of different investments. I never intended for my house to be an investment tool, but as it has given me such large gains it seems foolish not to take them. In the perhaps 5% to 10% chance the housing market does continue to soar upwards then I guess I’ll never own again! but I will still have considerable assets that will secure me for life.
The Toronto situation is similar to Vancouver’s housing market where prices have really plummeted (43%). With the resolution of trade with the US, it appears no Toronto housing crash is imminent, and prices will return to their upward climb.  Inevitably, high interest rates and Canada’s lack of competitiveness will create a new crisis. New listings will likely drop as homeowners feel more comfortable with their employment outlook, and enjoy the housing price rise.
The Last Days Warrior Summit is the premier online event of 2018 for Christians, Conservatives and Patriots.  It is a premium-members only international event that will empower and equip you with the knowledge and tools that you need as global events begin to escalate dramatically.  The speaker list includes Michael Snyder, Mike Adams, Dave Daubenmire, Ray Gano, Dr. Daniel Daves, Gary Kah, Justus Knight, Doug Krieger, Lyn Leahz, Laura Maxwell and many more. Full summit access will begin on October 25th, and if you would like to register for this unprecedented event you can do so right here.
Be sure to check out used bookstores, libraries, and garage sales, too. Look for books that teach self-reliant skills like sewing, gardening, animal husbandry, carpentry, repair manuals, scratch cooking, and plant identification. You can often pick these up for pennies, and older books don’t rely on expensive new technology or tools for doing these tasks.
The joint 2010 report "portrayed a market so fragmented and fragile that a single large trade could send stocks into a sudden spiral",[23] and detailed how a large mutual fund firm selling an unusually large number of E-Mini S&P contracts first exhausted available buyers, and then how high-frequency traders (HFT) started aggressively selling, accelerating the effect of the mutual fund's selling and contributing to the sharp price declines that day.[42][23]

Efforts to renegotiate the North American Free Trade Agreement have proved more problematic than many in markets had hoped. Instead of ending Friday, talks with Canada will continue with expectations a deal could be reached within 90 days. Talks with Mexico had proceeded but the U.S. and Canada, as of Friday, appeared to have reached a sticking point.

The crucial point of their paper was that sandpile avalanches could not be predicted, and not because of randomness (there was no random component in their model) or because the authors could not figure out how to come up with equations to describe it. Rather, they found it impossible in a fundamental sense to set up equations that would describe the sandpile model analytically, so there was no way to predict what the sandpile would do. The only way to observe its behavior was to set up the model in a computer and let it run.
In 1979, Atari unveiled the Atari 400 and 800 computers, built around a chipset originally meant for use in a game console, and which retailed for the same price as their respective names. In 1981, IBM introduced the IBM 5150 PC with a $1,565 base price[6] (equivalent to $4,213 in 2017), while Sinclair Research introduced its low-end ZX81 microcomputer for £70 (equivalent to £246 in 2016). By 1982, new desktop computer designs were commonly providing better color graphics and sound than game consoles and personal computer sales were booming. The TI 99/4A and the Atari 400 were both at $349 (equivalent to $885 in 2017), Radio Shack's Color Computer sold at $379 (equivalent to $961 in 2017), and Commodore International had just reduced the price of the VIC-20 to $199 (equivalent to $505 in 2017) and the 64 to $499 (equivalent to $1,265 in 2017).[7][8]
All this concern about decelerating growth is hindering China’s deleveraging plans that it promised to follow through on at the beginning of this year. According to the Financial Times, Chinese debt was in the range of 170% of Gross Domestic Product prior to the Great Recession. But in 2008, China responded to the financial crisis with a huge infrastructure program---building empty cities to the tune of 12.5% of GDP, the biggest ever peacetime stimulus.

Hey, thanks so much for the reply, Gord. I appreciate it. Yes, I’ve built one property and it’s a top vacation rental in its area. I’ll just have to be smart with the next one, and with looming fears of a recession (whether or not it happens) and stock market volitility, sellers appear to be spooked and dropped the price, so I’ll be able to buy the property for less. Timing might be good.


I have been an agent and real estate investor since 2001. I have seen the good times in the early 2000’s, worked through the housing crash, and the good times again. A lot of people think we are due for anther housing market crash because housing prices have increased in many areas of the country. Besides prices, there are many things that drive the housing market. In fact, prices cannot be used as an indicator of what the market will do because they are just a result of many other factors. Supply and demand are what push prices up or down. Supply is affected by foreclosures, homeowners’ willingness to move, new construction, and many other factors. Demand is driven by the economy, lending guidelines, potential homeowners confidence, wages, and much more. I believe the supply and demand affecting today’s’ housing market is much different than what drove the last housing boom. While prices could level out or decrease in some areas, I do not think we are in for a nationwide crash.
You can cushion the effects of a crash by allocating to defensive and blue-chip stocks, bonds, gold and cash. Having some cash in your portfolio also allows you to buy back into the market at lower levels. The current stock market is fairly expensive, but there are no signs of an imminent crash. However, that doesn’t mean market conditions can’t change quickly. That’s why you should always be ready for the next crash.
One factor which supports the argument against a property price crash is ongoing strong population growth. Over the year to the March quarter it remained high at 1.6%, which is at the top end of developed countries. As can be seen in the next chart, net overseas migration has become an increasingly important driver of population growth in recent years.
The Chief Economist of the Commodity Futures Trading Commission and several academic economists published a working paper containing a review and empirical analysis of trade data from the Flash Crash.[60] The authors examined the characteristics and activities of buyers and sellers in the Flash Crash and determined that a large seller, a mutual fund firm, exhausted available fundamental buyers and then triggered a cascade of selling by intermediaries, particularly high-frequency trading firms. Like the SEC/CFTC report described earlier, the authors call this cascade of selling "hot potato trading",[51] as high-frequency firms rapidly acquired and then liquidated positions among themselves at steadily declining prices.
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There are limits to examining historical data too. Nassim Taleb cites the error of believing that the highest mountain you’ve seen is the tallest. It’s far more likely that the tallest mountain is one you haven’t seen yet. In the same way with market crashes, we can look at market declines over different geographies and time periods, but it does not mean that there is necessarily any sort of hard limit there.
The sandpile study was introduced in a 1987 paper by Per Bak, Chao Tang and Kurt Wiesenfeld, three scientists working at the Physics Department at the Brookhaven National Laboratory. Ironically, the paper was presented to Physical Review Letters a few months before the stock market crash of October 1987, still today the largest ever one-day drop. The title was "Self-Organized Criticality" and falls within a branch of mathematics known as Complexity Theory, which studies how systems can organize themselves into unexpected behaviors arising from the interaction of its smallest and seemingly independent components.
One factor which supports the argument against a property price crash is ongoing strong population growth. Over the year to the March quarter it remained high at 1.6%, which is at the top end of developed countries. As can be seen in the next chart, net overseas migration has become an increasingly important driver of population growth in recent years.

This guideline has one exception: a stock market crash. If the market as a whole, measured by all three major indexes, loses hundreds of points (multiple percentage points), there's generally been a shock to the system, such as 9/11 or an unexpected political development or absolutely terrible economic news, such as the collapse of a major currency. In recent memory, bugs in automated, algorithmic trading have caused smaller crashes.


In 2014, Henry Blodget wrote that stocks were 40% overvalued and that he couldn’t find any data to suggest that the market would continue rising. Although he didn’t state that a crash was coming, he did tell us that stocks were likely to give “lousy returns” over the next ten years. He also concluded his article with some technical analysis from John Hussman, which cautioned that the S&P 500 could collapse after it reached 1,900.
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