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Stock-Age: Stocks, Options and Dividends oh my!
- Thread starter koam
- Start date
MassiveAttack
Banned
Jtyettis said:
ECB will cut rates by the end of the week, likely by Thursday. Fed will certainly cut rates by at least 50 basis points following Bernanke's comments today.
This idea of a global rate cut seems pretty crazy to me. I'm not sure it's a good idea, but even if it is, I think it might be very wishful thinking.
I don't think anything short of an alien invasion could get the whole world to act in concert. This might be one of the biggest problems with a global economy. We're all dealing with the same economy, but there are hundreds of different leaders and philosophies, so acting in an organized way to solve something is basically impossible. The shit hits the fan, and everybody jumps in a different direction.
I don't think anything short of an alien invasion could get the whole world to act in concert. This might be one of the biggest problems with a global economy. We're all dealing with the same economy, but there are hundreds of different leaders and philosophies, so acting in an organized way to solve something is basically impossible. The shit hits the fan, and everybody jumps in a different direction.
Ether_Snake
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U.S. Stocks Tumble; S&P, Dow Average Post Worst Annual Retreat Since 1937
Fun Factor
Formerly FTWer
yayaba said:
See now, there is a bright side to all this news. People are still finding ways to make a killing even in a financial crisis.
Frankfurter
Member
dionysus said:
Actually it's at 4.25%. And the ECB has a pretty strict policy: price stability is the primary concern, so you really can't lower the interest rate when the inflation is at ~4% (target: close to, but under 2%).
yayaba said:
Harder than it sounds though. You would have had to have been shorting through all the news about the bailout and the debt buyouts and everything else that was supposed to fix things. Plenty of people were naysayers from the sidelines but it takes some bigger balls to commit your money. Predicting the future continues to be difficult
Ether_Snake
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Nikkei dropping another 400 points.
Personally, as far as doom is concerned, I think we are less likely to go to war than in the past. The geopolitical scene is very different now then it was at the end of the end of the colonial empire's declines, which is what I consider WW1 and WW2 to be the end of.
I don't see a World War happening. I think those that may be affected the most will be poor production-oriented countries with large populations, like India and China. It won't be easy for us in the sense that pension funds are gonna dry up and all that, but the real suffering will probably happen against the highly populated nations.
The reason I think like this is because I have a FIRM belief that regardless of what humans do, nature still rules. The rules that dictate the way species evolve is no different than the way music, fashion, economic theories, etc., evolve and survive.
For example, the black plague hit Europe at a time when Europe had almost wiped out its forests completely. The lifestyle of Europeans, which led to the destruction of forests, was probably almost synonymous with a higher chance of epidemics. The years that followed led to a huge renewal for nature.
While we, the industrialized nations are the ones in charge of the demand, what we demand is not truly vital. But our demands are vital to large poor populations. A reduction in demand will be truly devastating for the poor nations, the poor people, but rich nations will probably manage to survive. Won't be pretty, but I think nature, not by design but by causality, will wipe out whatever it cannot support, and contrarily to popular belief it's not us it cannot support but rather the mechanisms that allow us to keep our level of demands to the level they have been in the past decades. It will force us to lower our demand by striking at what provides us with what we demand.
Again, not by design, but by causality.
Personally, as far as doom is concerned, I think we are less likely to go to war than in the past. The geopolitical scene is very different now then it was at the end of the end of the colonial empire's declines, which is what I consider WW1 and WW2 to be the end of.
I don't see a World War happening. I think those that may be affected the most will be poor production-oriented countries with large populations, like India and China. It won't be easy for us in the sense that pension funds are gonna dry up and all that, but the real suffering will probably happen against the highly populated nations.
The reason I think like this is because I have a FIRM belief that regardless of what humans do, nature still rules. The rules that dictate the way species evolve is no different than the way music, fashion, economic theories, etc., evolve and survive.
For example, the black plague hit Europe at a time when Europe had almost wiped out its forests completely. The lifestyle of Europeans, which led to the destruction of forests, was probably almost synonymous with a higher chance of epidemics. The years that followed led to a huge renewal for nature.
While we, the industrialized nations are the ones in charge of the demand, what we demand is not truly vital. But our demands are vital to large poor populations. A reduction in demand will be truly devastating for the poor nations, the poor people, but rich nations will probably manage to survive. Won't be pretty, but I think nature, not by design but by causality, will wipe out whatever it cannot support, and contrarily to popular belief it's not us it cannot support but rather the mechanisms that allow us to keep our level of demands to the level they have been in the past decades. It will force us to lower our demand by striking at what provides us with what we demand.
Again, not by design, but by causality.
Ether_Snake
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Relix said:
I wish I had done the same when I said I was pulling out a few weeks ago. Instead I threw more money in the market after selling my losers. Now I have only losers, except ABX and ATVI
But now I'm in savings mode, no more money spending in the markets, I need a larger safety net and I need more job security (will find out by the end of the week where I stand in that regard).
Ether_Snake said:I wish I had done the same when I said I was pulling out a few weeks ago. Instead I threw more money in the market after selling my losers. Now I have only losers, except ABX and ATVI
But now I'm in savings mode, no more money spending in the markets, I need a larger safety net and I need more job security (will find out by the end of the week where I stand in that regard).
Didn't you have a Stop Limit Order or something? I am paranoic about sharp drops, I prefer to pull out before any losses, even if minimal, and I don't care if I needed to pay god knows how much in commissions. Thinking of buying a few T Bills, but they are making my life impossible with an account authorization.
Ether_Snake
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Relix said:
I think using RBC I can't put a stop limit order, and I never thought things would be getting that bad that quickly really.
EDIT: Oh wait I can, I just never realized until now how it worked.
Relix said:
The risk with stop-loss orders is that in a normal market, you can accidentally sell on a random spike down. Obviously in this case, hindsight is 20/20 :lol
Relix said:
People desiring a depression never think it'll be THEM that will lose their jobs, or THEIR families who might suffer disastrously.
Well, except for JayDubya, who did say he'd rather be a hunter/gatherer if the alternative was nationalization or whatever :lol
RumblingRosco
Member
Poor AHR, hold strong! You're managed by Blackrock, you are steadfast and the last bastion of good money management, or I'll be damned!
I'm looking at a lot of these older companies, MSFT, WMT, NIKE, MMM etc as possible buys in the next month or two, though that will depend really on the day-to-day news and markets. I'm young and can afford to wait for these companies to recover, so I'm in no immediate need of this money. Just trying to time (yes, basically do the impossible) the "bottom" of the market. Although, I like to think of the bottom as a process than a hard number.
I'm looking at a lot of these older companies, MSFT, WMT, NIKE, MMM etc as possible buys in the next month or two, though that will depend really on the day-to-day news and markets. I'm young and can afford to wait for these companies to recover, so I'm in no immediate need of this money. Just trying to time (yes, basically do the impossible) the "bottom" of the market. Although, I like to think of the bottom as a process than a hard number.
I am pretty much all in cash and a few bonds right now, i'm up about 2 % on the year, but im tempted to just dump everything in inflation protected funds at the soonest opportunity.
I have my doubts about the wisdom of fleeing to foreign markets, as I don't see a major currency that is safe from hyperinflation. Just look at what europe is doing now, they are spending away just like we are. Japan is already in debt up to the bottom of their nose. The developing economies don't have the huge debt, but we'll see how long their currencies lasts when no one can afford to buy their shit.
Besides, foreign equities are doing even worse the the domestic ones lately.
Its bear time baby, bonds bonds bonds. If the central banks are going to pay me with worthless money, i'm going to make sure I get more worthless money.
:lol :lol
I have my doubts about the wisdom of fleeing to foreign markets, as I don't see a major currency that is safe from hyperinflation. Just look at what europe is doing now, they are spending away just like we are. Japan is already in debt up to the bottom of their nose. The developing economies don't have the huge debt, but we'll see how long their currencies lasts when no one can afford to buy their shit.
Besides, foreign equities are doing even worse the the domestic ones lately.
Its bear time baby, bonds bonds bonds. If the central banks are going to pay me with worthless money, i'm going to make sure I get more worthless money.
:lol :lol
funkmasterb
Member
I bought a bunch of AAPL yesterday at 91-ish. We'll see how that goes.
nextgeneration
Member
Ummm, Nikkei just dropped 952.58 pts today. @_@
nextgeneration
Member
With Nikkei dropping nearly 1000 points, I wonder what's going to happen to the US markets in the morning.
RumblingRosco
Member
Holy shit. Nikkei down 9.4% in one day. $250bln worth of equity, poof! Accordingly, the Topix dropped to 899.01, an almost 8% drop. Hold on to your hats boys and girls, the U.S. exchanges are about to see some hard times tomorrow!
nextgeneration said:With Nikkei dropping nearly 1000 points, I wonder what's going to happen to the US markets in the morning.
Hard to say but there seems to be a trend across the board by banks to dump stocks and buy up US dollars as a hedge against future uncertainty. If that's the case stocks probably still have a long way to fall.
Fun Factor
Formerly FTWer
nextgeneration said:
How will this affect my anime & JRPGS?
http://pimpinturtle.com/2008/09/08/web-bot-report-foresees-doom-october-7-turning-point.aspx
http://pimpinturtle.com/2008/09/22/...dio-with-george-and-cliff-the-time-monks.aspx
Looks like Web Bot had it right.
10/7 was the start. O_O
Web Bot Site:
http://www.halfpasthuman.com
http://www.urbansurvival.com
Also:
http://pimpinturtle.com/2008/09/22/...dio-with-george-and-cliff-the-time-monks.aspx
Looks like Web Bot had it right.
10/7 was the start. O_O
Web Bot Site:
http://www.halfpasthuman.com
http://www.urbansurvival.com
Also:
Stick Figures...FTWer said:
speculawyer
Member
Jesus . . . listening to Roubini makes you want to slit your wrists. :lol
RumblingRosco
Member
For the record, October 7th is my birthday. Not only does the Nikkei tank on this day in history, but the U.S. began its first attack on Afghanistan after 9/11 back in 2001.
Fuck my birthday, damn!
Fuck my birthday, damn!
MrPing1000
Member
My mum works for RBS she thought it would be a good idea to buy £1500 of shared 2 days ago at 162p.
Whoops.
Whoops.
Corwood Rep
Member
I feel so good about the 7oz of gold I have in a safe underneath my bed.
But yeah, the Dow's gonna go through some very rough shit tomorrow.
But yeah, the Dow's gonna go through some very rough shit tomorrow.
Frankfurter
Member
Euro-Stoxx is also down ~5%.
Interesting to see btw., the major losers today in the German DAX are mostly non banks:
huge industrial companies like Siemens, BASF or Daimler.
Interesting to see btw., the major losers today in the German DAX are mostly non banks:
huge industrial companies like Siemens, BASF or Daimler.
Frankfurter
Member
WTF... ECB, FED and Bank of England just reduced the interest rates by 0.5% each :O