Tsunami

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jd1888

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Tsunami Alert for New Zealand, the Philippines, Indonesia, Papua New Guinea, Hawaii, and others. Waves expected over the next few hours, caused by 8.9 earthquake in Japan.

What impact does everyone think this will have on the markets today?
 
It's already had quite a large one, pay attention!

More interested personally in what effects it'll have going forward, and to be honest I'm not smart enough to tell you that... I'm sure we'll hear interesting things over next couple of days.
 
arabianights said:
It's already had quite a large one, pay attention!

More interested personally in what effects it'll have going forward, and to be honest I'm not smart enough to tell you that... I'm sure we'll hear interesting things over next couple of days.
Click to expand...

I only just got up half an hour ago (I'm doing a 12 hour shift tonight not just a lazy s*it).

Well I think to make money from it:

1: Do some research about what resources the areas affected produce.

Get long on these.

2: Research which companies it will have a negative impact on.

Short them.

3: Research which companies will benefit from it.

Get long on them.

That's the easy bit though, the research and getting it right is clearly a lot harder.
 
jd1888 said:
Tsunami Alert for New Zealand, the Philippines, Indonesia, Papua New Guinea, Hawaii, and others. Waves expected over the next few hours, caused by 8.9 earthquake in Japan.

What impact does everyone think this will have on the markets today?
Click to expand...

A WAVE of activity that will SHAKE the markets?
 
Tsunamis are pretty amazing things. They have massive wavelengths and travel at great speeds but if you were on a small boat out at sea and one went underneath the boat, you wouldnt even know. Its when they approach the shore (the "run up" or as depth decreases) they become deadly.
 
advfntrader said:
thinking to make money from such an event is not morally right IMO
Click to expand...

Yeah why? Of course we know people will and have already died because of it but there is didly squat we can do about that.

What if we made money from it and donated some to help the victims?
 
I was thinking about if it would be moral before to short the Japan 225 on IG Index earlier.... Its down 200 points now so maybe i should of just done it, at the end of the day... what difference will it make if a man makes a few quid? Its not gonna cause any more casualties.

Now we have missed the big drop today, what would be a good option now?
 
Doomberg said:
I was thinking about if it would be moral before to short the Japan 225 on IG Index earlier.... Its down 200 points now so maybe i should of just done it, at the end of the day... what difference will it make if a man makes a few quid? Its not gonna cause any more casualties.

Now we have missed the big drop today, what would be a good option now?
Click to expand...

Money is made in such ways.

Do you think that when the credit crunch began everyone just sat on there hands and made no money, while they could've shorted everything in sight and made a fortune? (People were being evicted from their homes left, right and center. I'm sure it would have drove many to suicide, to drinking and drugs)

Do you think when 9/11 occurred people just sat by and made no money shorting then either? (We all know people died then too)

Purely just my opinion but you could do this or something similar. http://www.trade2win.com/boards/general-trading-chat/120168-tsunami.html#post1461574
 
Would it also be immoral for Toyota to hedge against curreny risk to protect jobs, or insurers to help fund the inevitable payouts (some of which will of course be life insurance). Both instances will have resulted in a profit. Thats the capitalist system, its naive to think otherwise.

Small fry traders turning a profit are of no consequence, they aren't the ones moving the market.
What an individual trader does with profit from this kind of scenario is up to them, whether thats paying bills with it or donating it.
Idealism or realism...

Thats not to say no one gives a sh1t about whats happened in Japan, but don't confuse market reaction with the disaster itself.
 
arabianights said:
It's people who don't understand cause and effect. They seem to think that us making money from it caused the event... that's the only "justification" I can think of for such odd views.
Click to expand...


Dude,

Some people are by nature very thoughtful and emotional.
 
kimo'sabby said:
Dude,

Some people are by nature very thoughtful and emotional.
Click to expand...

I can see what you are saying but I think arabs right, its ultimately a lack of understanding.
Allsorts of companies, not just traders will be hedging to mitigate risk, if they didn't some Japanese companies - insurers for instance could face bankruptcy just at the time when they are most needed, I think thats the point he was making.

Its an unrealistic naive view to think making a profit in these situations is bad, its unavoidable and even essential for the above reasons.
 
kimo'sabby said:
Dude,

Some people are by nature very thoughtful and emotional.
Click to expand...

I believe I am one of these types of people, but I still don't see the harm.

The harm has been done by mother nature, people can help the suffering afterwards if they donated some or all of the money they make from doing such actions. YES/NO
 
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