Go Back  PPRuNe Forums > PPRuNe Social > Jet Blast
Reload this Page >

Financial Sentiments

Jet Blast Topics that don't fit the other forums. Rules of Engagement apply.

Financial Sentiments

Old 4th Jan 2019, 11:45
  #1 (permalink)  
Thread Starter
 
Join Date: Nov 2018
Location: back out to Grasse
Posts: 65
Financial Sentiments

Does anyone else find it disturbing that World financial and share markets are primarily driven by personal sentiment. Yes, statistics and history play a part though even the interpretation of this information is also coloured by sentiment.

Now, this vast core of sentiment appears to be dispersed across a cadre of privileged Oxbridge grads with qualifications such as English history, literature, a smattering of maths, very little science, and the "de rigeur" MBA. In my experience a number of these "Traders" spend a lot of time, pubbing, dining in fancy restaurants, buying the odd yacht, Ferrari, and generally chasing mannequins various. A couple of hours at a "Desk" can be fitted in between the day's jollity.

My question is should the future financial prosperity of the UK and other Nations during this critical phase of B****T, be the responsibility of this group of generally immature ex-students. I know, "show me the alternative!!!"

Discuss...

IG
Imagegear is offline  
Old 4th Jan 2019, 12:22
  #2 (permalink)  
 
Join Date: Nov 2000
Location: Cambridge, England, EU
Posts: 3,398
I think your view of who traders are and how they behave dates from the 1980s, or even earlier.

These days they include working class kids who have never been anywhere near Oxford or Cambridge or MBAs (well, one I know went to school in Cambridge, because he was born here, but he didn't go to an Oxbridge university). They're far more likely to work long hours than the traditional image of fitting in a few minutes' trading between lunch at the club and playing golf. And all the yacht owners I know are techies not traders.

However the bit about silly cars is almost certainly unchanged since the 1980s.

(Note: you can get quite a really rather nice boat for £40k-£50k, the same price as a moderate to grotty aeroplane, and lots cheaper than a really silly car.)
Gertrude the Wombat is offline  
Old 4th Jan 2019, 13:05
  #3 (permalink)  
 
Join Date: Oct 2007
Location: Just north of Chester, UK.
Posts: 246
I'm more intrigued by the market sentiment that makes decisions on what appear to me to be factors completely unrelated to the market. Fore example, if I recall correctly, the markets fell when the news broke that Reagan had been shot, Why? That news couldn't alter the fundamental underlying value of any company...
Captivep is online now  
Old 4th Jan 2019, 13:10
  #4 (permalink)  
 
Join Date: May 2002
Location: England
Posts: 29
Money is usually made by trading against the sentiment at the appropriately judged time.
Grayfly is offline  
Old 4th Jan 2019, 14:43
  #5 (permalink)  
 
Join Date: Nov 2007
Location: UK
Posts: 149
Trading is a dying art, especially the Day Traders.
They are being replaced by analysts.
Most trades are automated set up as algorithms ranging from milliseconds to year trades.
The spivs have largely gone, everything is checked and counter checked as the traders only have a job if they perform.
The lower levels are regularly culled.
Spunky Monkey is offline  
Old 4th Jan 2019, 17:43
  #6 (permalink)  
 
Join Date: Jan 2008
Location: There and here
Posts: 1,637
The Algos are like The Borg, consuming all before them. Those with the fastest connection (some build their own transmission networks!) will win. Add together the best computer power and it's game over for anyone not in the loop.
SpringHeeledJack is offline  
Old 4th Jan 2019, 18:23
  #7 (permalink)  
Thread Starter
 
Join Date: Nov 2018
Location: back out to Grasse
Posts: 65
Yes, but this is not playing the tables in Monte Carlo, why do I have this sneaking suspicion that markets are being manipulated to take advantage of political instability. I look back to the LIBOR rate scam of some years ago, these same people had the ability to manipulate at the global level and they paid the price. So for me, the possibility that exchange control manipulation is occurring during this whole B****t shenanigans should be considered. Or must we wait for a whistleblower who has been left out of the cut, to spill the beans?

Could it be that the whole stack of cards has been constructed in a way that is just too difficult to police?

IG
Imagegear is offline  
Old 5th Jan 2019, 13:47
  #8 (permalink)  
 
Join Date: Aug 2016
Location: Ilmington, Warwickshire
Posts: 65
Is it morally right to have currency speculators, such as George Soros, having such influence in our financial markets too? Or, is business just business?

https://www.investopedia.com/ask/ans...of-england.asp
BehindBlueEyes is online now  
Old 5th Jan 2019, 15:44
  #9 (permalink)  
 
Join Date: Jan 2008
Location: There and here
Posts: 1,637
If you're in the loop it's just business, psychopathic trading, but if you're not in the loop (everyone else) it's most definitely NOT morally right or justifiable.
SpringHeeledJack is offline  
Old 6th Jan 2019, 10:27
  #10 (permalink)  
Thread Starter
 
Join Date: Nov 2018
Location: back out to Grasse
Posts: 65
How true. When Soros pontificates, politicians sit up and take notice because they know his hand is on their cash.

IG
Imagegear is offline  
Old 7th Jan 2019, 20:34
  #11 (permalink)  
 
Join Date: Nov 2001
Location: Delta of Venus
Posts: 390
Financial market traders can't make a profit with a stable market price. They want & need a significant but not extreme degree of volatility. Too much fluctuation and some of them get badly burned financially. Too little volatility and they are all working hard for little profit. Do you see how it works now? Financial journalists, politicians, business institutes etc who speak of a "stable" market being the objective are basically bullsh**ing the punters.
Private jet is offline  
Old 8th Jan 2019, 11:11
  #12 (permalink)  
 
Join Date: Aug 2006
Location: London
Posts: 1,587
Why pick on Soros? For centuries all central markets like London New York and Hong Kong have made money, and lost it, due to very dodgy practices. East India Co., various slavery co.s, South Sea bubble co.s. Etc.
Ancient Observer is offline  
Old 8th Jan 2019, 12:12
  #13 (permalink)  
 
Join Date: Jan 2008
Location: There and here
Posts: 1,637
Soros has been 'chosen' as a scapegoat because of his trans-national stance and politics which has been exposed to be directly meddling in many of the present day 'situations' creating disharmony/fanning the flames of woe if you will. His 1992 'bet' against the pound earned him serious cash, but as per usual the UK was left holding the sh11ty stick, whilst Georgy whistled happily.
SpringHeeledJack is offline  
Old 8th Jan 2019, 19:03
  #14 (permalink)  
 
Join Date: Jul 2005
Location: Canadian Shield
Posts: 514
Two words: FEAR and GREED.

The finest human sentiments that ever there were...
er340790 is offline  
Old 9th Jan 2019, 11:31
  #15 (permalink)  
Thread Starter
 
Join Date: Nov 2018
Location: back out to Grasse
Posts: 65
One need look no further than the perennial Mr Soros and links to our own money magnet, Mr Tony (Get rich quick) Blair. The West African corruption scandal has not been completely buried yet.

IG
Imagegear is offline  
Old 9th Jan 2019, 17:52
  #16 (permalink)  
 
Join Date: Jul 2005
Location: Canadian Shield
Posts: 514
And the BAe / Saudi Al Yamamah Arms Deal of course...

(Whatever happened to Mark Thatcher?????)
er340790 is offline  
Old 9th Jan 2019, 17:56
  #17 (permalink)  
 
Join Date: May 2004
Location: Москва/Ташкент
Age: 49
Posts: 781
Does anyone else find it disturbing that World financial and share markets are primarily driven by personal sentiment.
Everything is ultimately driven by personal sentiment.

(Whatever happened to Mark Thatcher?????)
How I prayed they wouldn't find him... mean I know...
flash8 is offline  
Old 9th Jan 2019, 18:54
  #18 (permalink)  
 
Join Date: Apr 1999
Location: Manchester, UK
Posts: 1,878
“...financial and share markets driven by personal sentiment..” As opposed to what...centrally planned economies with financial and industrial targets decreed by central government? As demonstrated to work so well in Stalin’s Soviet Union, Mao’s China and present day Venezuela and N Korea.
ShotOne is offline  
Old 9th Jan 2019, 19:24
  #19 (permalink)  
Resident insomniac
 
Join Date: Aug 2005
Location: N54 58 34 W02 01 21
Age: 74
Posts: 1,859
Originally Posted by er340790 View Post
(Whatever happened to Mark Thatcher?????)
Whatever happened to Mark Thatcher?
G-CPTN is offline  
Old 9th Jan 2019, 19:33
  #20 (permalink)  
Thread Starter
 
Join Date: Nov 2018
Location: back out to Grasse
Posts: 65
I am not advocating the usual centralised systems "as demonstrated so well...", rather I am saying what makes these trader's sentiments so much more believable on a given day, than my own, for example.

Perhaps limits should be placed on institutional traders as to the amount of personal sentiment they can bring to bear on a particular stock or currency, an option might be a quorum of traders applying their individual spin to a position to bring about a more balanced book. Obviously if the iceberg is already past, and the bulkheads are giving way then there is not much point in shuffling the deckchairs.

On the other hand I may have unwittingly given myself over to the dark side and become excessively SUSPICIOUS!!!!!!

IG
Imagegear is offline  

Thread Tools
Search this Thread

Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.