Futures is up btw. So I guess I won't even die tomorrow by being LONG. LOL Evergrande doesn't do s*** to the market in the west. In fact it's not even doing anything to the Chinese market. The Hang Seng index is up and the Shanghai one was also up earlier but has gone down now.
Newsflash! JSOP buys top print in spooz before dropping >20 on payment news. You are fucking allergic to money.
It appears bullish on paper but it's the worst possible outcome. A negotiated payment without CCP backstop so the thing is going to be a zombie. SPX 3-5% lower by Nov 1.
Well, that is not so bad, that's only ~10% correction by Nov 1. What's a few thousand ticks between friends. I am not worried. There will be pain, but I have lived though this pain before. I will not give into it this time.
https://www.marketwatch.com/story/e...terest-on-time-271632280912?mod=mw_latestnews Not sure if that includes payments on foreign bonds, doesn't look like it. We wil see on Thursday.