Wednesday, January 18, 2006

wrong, wrong, wrong

huh, the tokyo market is going crazy up today. I guessed wrong, I suppose. That doesn't really bode well for my investing acumen, though going up in general increases my odds wihout acumen as well.

edit as of 2:30... the tse is warning that volume may force them to close early today as well. Somehow if more than four million orders are executed in a day, the infrastructure runs a risk of compromise... or some such. seven or eight million orders placed (not executed could also mess her up).
also, "for the forseeable future", the TSE has trimmed a half-hour from it's day giving traders 2 full hours for lunch now. What is this, a mediterranean country?

edit again, at 2:32, both the order and execution capacity are at over 90% of their daily limits. This mess is all sort of an embarrassment for the TSE, except the normal trade volume for a full month is only slightly more than the daily limits. Volume of orders is just off the charts. This is unmistakably a bumpy ride.

one more edit: CNN needs to work on how it writes headlines. "Japanese securities official dead" while it certainly is more flashy, does not have the same meaning as the first line of the article: "An executive of a Japanese securities firm involved in takeover deals by the high-profile Internet startup Livedoor has been found dead".
People caught in pretty bad misdeeds still commit suicide in Japan, and this may be a fishy death (prolly no), but a high ranking executive is not a "securities official". The livedoor stuff is actually an example of the securities officials getting off their asses and doing their job. Not a suicide-worthy shame.


One last thought on the market for a while... Even though I don't even have cent in it yet, the silly intricacies of market politics are already consuming a good portion of my blog. Money does eat your soul. Then again, I'd probably only be staring. at the. ceiling. otherwise.

2 comments:

Anonymous said...

Call out Chappa be happy!!!Chappa Chappa Chappa ....That which brings the highest happiness!!

ネイット said...

you're probably right.