Would you?

Would you play poker with your grandma'? Would you force her to go "all in"?

For most of the shares, the fundamentals are not influenced by the share price. Google doesnt care if the share price is 10 dollars or 1.000 dollars. They do not need financing, they do not care about Moody ratings. If you wait long enough, because they are a monopol de facto, you cannot loose. From my point of view, I do not mind if speculators try to push it down or up. It is up to them. On the long term, they are just noise.

But I cannot accept speculators to push up or down, in just 6 months, the oil price from 75 to 150 and back to 60. I consider it imoral. They are free to do it on Google shares, but it is not ok to do it on oil or corn for example, because they affect the freedom of millions. No vacations, maybe no jobs anymore, just because some nuts have nothing to do and generate a hard to support volatility on basic goods prices.

I also dislike the idiots that made trouble in financial markets, almost went bankrupt, were saved by governments pumping billions of euro to support them and what are they doing now? They did not find any other thing to entertain themselfs then trying to speculate on emerging market currencies. They have no business in the emerging markets, they do not own any local bank, they just come, borrow and speculate. The risk is that they can send an emerging country (I was about to say an innocent country, but I will refrain :) ) directly into a deep recession. They can provoke inflation if the local currency loose its value as a result of the attack or they provoke an economic collaps because of sky rocketing interest rates. It might sound like bullshit, but this is close to economical terrorism. For a couple of dollars (maybe some billions), you break a fragile economical equilibrium and maybe it will take a decade till it will be restored.

That reminds me an american movie - Wag the dog. It is happening just before ellections. A US president wants to be elected again despite of low odds and he brings a guy from Hollywood it to make it possible. They decide to manipulate the public oppinion and make the president a hero, by triggering a war somewhere. where? let's do it in albania. Why? What did albania bad to us to make a war there? And the answer was: they did not do anything good either. Let's make some shit there.

This is my view on the attack against the hungarian and romanian currencies.For other conclusions, it is too early. Anyway, I think it would be better if the romanian central bank would not comment live every sec what they are doing.