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Karol Cummins
@karolcummins
, 17 tweets, 7 min read Read on Twitter
Stock Market Crashes

📌Post 9/11, September 12, 2001
📌2008 Iceland 👉🏼2008Meltdown
📌BrexitCrash (& likely others)

📌We will soon learn It’s all connected
A DAY OF TERROR: THE MARKETS; Stocks Tumble Abroad; Exchanges in New York Never Opened for the Day
SEPT. 12, 2001

#911Short
nytimes.com/2001/09/12/bus…
📌Evidence for Informed Trading on the Attacks of September 11, 2001
#911Short
foreignpolicyjournal.com/2010/11/18/evi…
📌The 2008 world financial crisis began in Iceland,
economist.com/media/pdf/melt…
Wall Street on the Tundra

Just after October 6, 2008,

Iceland effectively went bust.

“You have to understand,” ...

“Iceland is no longer a country. It is a hedge fund.”

#2008Meltdown
vanityfair.com/culture/2009/0…
“Before lulzsec broke apart, they came to us to hack the entire government of iceland,” said Sabu (#LutzSec)

The chats may reveal an instance when ASSANGE may have specifically solicited a crime — the theft of official docs from within the Icelandic gov’t
yahoo.com/news/leaked-ch…
U.S. ramping up probe against Julian Assange, WikiLeaks says
Federal prosecutors have formally approached people in the U.S., Germany and Iceland and pressed them to testify against Assange, according to WikiLeaks.
nbcnews.com/politics/justi…
2017: 9 years after a giant banking crash made Iceland a symbol of the global financial crisis, the gov’t effectively declared that financial stability had been restored as it ended longstanding restrictions on the flow of money into & out of the country

nytimes.com/2017/03/14/bus…
In the US, the 2008 financial crisis was primarily caused by deregulation in the financial industry. That permitted banks to engage in hedge fund trading with derivatives.
thebalance.com/what-caused-20…
Banks then demanded more mortgages to support the profitable sale of these derivatives.

They created interest-only loans that became affordable to subprime borrowers.

#Whoprofited? Many...
thebalance.com/what-caused-20…
September 17, 2008:

SEC puts 'naked' short sellers on notice

Regulator enacts new ruling banning 'naked' short selling on all public companies.

money.cnn.com/2008/09/17/new…
SEC bans short-selling
September 19, 2008:

📌Short sellers borrow stock with the aim of selling it, then buy it back at a lower price, hoping to pocket the difference
money.cnn.com/2008/09/19/new…
5 Top Investors Who Profited From The Global Financial Crisis

Warren Buffett
📌John Paulson
📌Jamie Dimon - JPMorgan
Ben Bernanke
📌Carl Icahn (Fmr Trump Advisor)
investopedia.com/financial-edge…
📌Millions of average Americans lost their livelihoods and homes as the 2008 global financial crisis spiraled out of control.

📌But not Trump and his administration's top financial advisers, who treated the meltdown as a chance to get richer.
politico.com/story/2018/09/…
📌Following Iceland’s banking deregulation lead:

📌5/24/18: Trump Signs Biggest Rollback of Bank Rules Since Dodd-Frank Act

#Reduxincoming?
bloomberg.com/news/articles/…
‼️The Brexit Short:
@threadreaderapp unroll please and thank you.

#StockMarketCrashes
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Related hashtags

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More from @karolcummins see all

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Karol Cummins
@karolcummins
😱Cray😱

DOJ refused to give Judge Sullivan transcripts of Flynn's calls w/ Kislyak. Did Barr just reveal the tapes implicate Trump? If so, O of J confirmed

Did Trump ID US assets in RU, which led to 12 dead RUs in 2016/17, quid pro quo? H/T TC

Mass shooting 11 dead...patterns
😱Cray2😱

Rep Salwell:

“If it’s...

✅ a virtual certainty @realDonaldTrump has cheated on his finances...

✅ a virtual certainty Putin knows this...AND

✅ a virtual certainty that Trump has been blackmailed before...

Would Trump sell America’s secrets to protect his own?”👍🏼
😱Cray3😱

Transcript release of the call between Trump lawyer John Dowd & Flynn's attorney, which was a possible attempt to obstruct justice.

📌Grand jury still interested in Roger Stone and the 2016 GOP convention

Prosecutors refute Stone's claim that Russia didn't hack DNC
Read 57 tweets
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Karol Cummins
@karolcummins
‼️#Scot24 ‘Sedition’ Meeting

On June 24, 2016, Trump arrives to Scotland. He had at that time had just clinched, the Republican presidential nomination.

📌What Trump didn’t have was campaign organization and his coffers were dry.

nytimes.com/2016/06/21/us/…
6/20/16: Trump Starts Summer Push With Crippling Money Deficit
nytimes.com/2016/06/21/us/…
Steve Mnuchin attended the meeting in Scotland as well. #Scot24
washingtonpost.com/news/the-fix/w…
Read 15 tweets
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Karol Cummins
@karolcummins
💣Incoming💣

Judge orders public release of what Michael Flynn said in call to Russian ambassador & unredacted portions of the MR pertaining to Flynn
#TreasonComment

Misha Flynn superseding Indictment likely incoming

Stone’s Andrew Miller testifies at GJ tomorrow at 9:30am 🍿
💣Incoming2💣

“No hoax, no witch hunt, no exoneration.

Your turn, Congress.”

Nancy Pelosi's impeachment strategy is politically smart, soon... status quo change incoming.

Trump tells reporters Russia did invest in his campaign "as an insurance policy" against a HRC loss.
💣Incoming3💣

Trump acknowledged for the first time that Russia helped “me to get elected,” and then quickly retracted the idea.

Caught red handed, the Trump adm planned to gerrymander the census:

Hofeller‘s hard drive reveals effort to rig census for white Republicans.
Read 51 tweets

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Stock market is measured by an index, which acts are a measurement tool. Stock markets have many listed stocks, in case of Bursa Malaysia it has 900 listed companies. For Malaysia, index used is FBM KLCI
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1/ Markets change minute-by-minute.
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How To Arbitrage Human Nature: A thread
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@Crypto_Macro
1/ A thread on the shape of the Futures curve: understanding Contango & Backwardation in all asset classes (Commodities, Equities, Fixed Income, Volatility, Foreign Exchange, Bitcoin).

--- long enough for an article, but writing articles is more time consuming than a tweetstorm.
2/ The price of Futures or Forwards can be expressed as a function of the Spot price and the cost of carry. This is mainly known as Interest Rate Parity. Some refer to it as the Cost of Carry Model. Futures and Forwards are in this case interchangeable words.
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F = (S+s) e^{(r-c)t}

F = fwd price
S = spot price
s = storage cost
e = natural log base
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en.wikipedia.org/wiki/Cost_of_c…
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Mystery Trader
@MysteryTrader99
Top bollinger V-bottomed on $INDU #Dow ... Put your seat belts on, equities about to rip... (Yet another confirmation signal $USDJPY about to run as well)
#Dow Daily: First Posted back in April 🤓 . Took longer than other indices but finally breaking out to ATHs. Updated chart with long term TLs, and although we have decent amount of room to run, #Dowjones is approaching a hard limit soon. #Markets #economy #stocks #SPX
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Pankaj Singhal
@AnyBodyCanFly
#StockMarket - While there are #Multibaggers there can be #Multifailures as well. Here is a thread on key mistakes that may happen during the journey. I have been thru all these mistakes myself.....
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#NoShortcuts
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