The last 40 mins of trading yesterday was gruesome going from a drop of around 350 points to 504.
Look what's happening to UBS today, the share price is going through the floor. Down to CHF16 and falling. Watch out for AIG. I think they are bankrupt by any reasonable accounting methodology.
As for Grantley, I thought he said he agreed with me.
Just call me Tigasin. That's what I'm talking about
only Allah knows whatwould be better to do.. if at least one person in the world knew exactly what to do in this situation, this person probably would be able to buy an entire world..
you see, even Lehman Brothers, one of these biggest business sharks, couldn't protect himself..so...the best thing, invest your money in a safe (balanced) mutual funds (Tig), and "sit tight until we know how the rest of the world has been affected" (QT)
Hey, Mr. Profies! how about canadian dollars? what should i do with them?
thanks for the professional free-of-charge advice on-line.
And spot on with the rest of your comments. But who wants to try and catch a falling knife? I thought LEH was pretty good at $22, and ML at $35...
I think we are at one of those tipping points where markets are a bit disjointed from the real economy. Lower oil certainly indicates higher inventories and a pull-back in production, which in turn implies lower prices, which in turn implies lower inflation etc etc
Alexa - I really don't know enough about Scandi economies to even comment on your question - sorry...
I think the pound sterling looks more vulnerable. Also, the fall in oil prices will cushion dollar weakness. I still think the dollar will come off a little though. I think also that the dollar will come back soon when the market settles and investors are able to spot and capitalize on bottom feeding opportunities.
Just call me Tigasin. That's what I'm talking about
I don't think the USD will fall tremendously, as everyone is now in the pooh. 3 months back, when Eurozone looked sort of ok (relatively), there was no reason to hold $$$. No it's going down as well, so the more flexible US economy has a better chance of a more speedy recovery, so becomes a more attractive hold, despite the dud interest rate.
Probably 25 basis points. Whenever, US interest rates go down, the dollar weakens. This is because it is less attractive to hold dollars when you are only getting a return of 1.75%. So yes, the dollar will weaken. For long term returns, I would say buy a nice house in the US or buy a balanced mutual fund or a variety of ETFs (exchange traded funds.)
Just call me Tigasin. That's what I'm talking about
...you were looking for a short, intermediate or long term reward!
Short term depends very much on speculators so you can capitalise on people's reactions to news, as for imtermiediate and long term, it's hard to say until the Fed releases its interest rate changes later today and even then given what happened in the US in the last few days, it's hard to assess the impact it will have on the rest of the world.
My advice for those looking for long term investments is to sit tight until we know how the rest of the world has been affected.
btw, I'm not a professional yet so Tig is probably better qualifed to advise.
while the petrodollars flow the bubble will remain in place. I suggest you do not do anything silly like try to find a job in the West for the next year or so.... the bubble protects you from the outside world...
If the Fed reduces interest rates again today (and I think they will) the dollar will fall. However, the outlook for the pound is also bleak. I think the UK is on the verge of a nasty recession and that UK interest rates will come down as fears of inflation will be abated by the massive falls in oil prices. This will put further downward pressure on the pound. Its possible it could even reach parity with the Euro.
Just call me Tigasin. That's what I'm talking about
So good news for us here bad for Our Australian shares, family and friends at home...
"Your born, You Live, You Die, given this premise, one can conclude since we have no control over when we are born and when we die, the only thing that matters to us should be how we live, simple really?" Mis-Cat to her philosophy Lecturer.
achromatic Tuesday. Things are getting worse. The Dow had its 6th largest single fall in history yesterday and things look bad again today. Maybe AIG will also go to the wall.
Just call me Tigasin. That's what I'm talking about
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You can't teach experience...
The last 40 mins of trading yesterday was gruesome going from a drop of around 350 points to 504.
Look what's happening to UBS today, the share price is going through the floor. Down to CHF16 and falling. Watch out for AIG. I think they are bankrupt by any reasonable accounting methodology.
As for Grantley, I thought he said he agreed with me.
Just call me Tigasin. That's what I'm talking about
She really lucked out with BOA saving her stock.
Your theory is right on tig about dollar and rates..
But I have to go with grantly on this one...
Anyway...No big sell off yet today...
maybe the last half hour like yesterday...
You can't teach experience...
Thanks Tig.. and what about properties in Costa Rica? will it go down? I hope not..
will offer good value. Look at ETFs, they are cheap and flexible and you can get an assortment of different asset classes to reduce your risk.
As for Canadian dollars Qatarisun, they look pretty good to me.
Just call me Tigasin. That's what I'm talking about
only Allah knows whatwould be better to do.. if at least one person in the world knew exactly what to do in this situation, this person probably would be able to buy an entire world..
you see, even Lehman Brothers, one of these biggest business sharks, couldn't protect himself..so...the best thing, invest your money in a safe (balanced) mutual funds (Tig), and "sit tight until we know how the rest of the world has been affected" (QT)
Hey, Mr. Profies! how about canadian dollars? what should i do with them?
thanks for the professional free-of-charge advice on-line.
Gotta bail,
t'ra all.
Veni, vidi, viva.
Haven't seen you in a long time. After Ramadan let's catch up with some cold ones and sushi.
Just call me Tigasin. That's what I'm talking about
I think we agree to short sterling, hold dollars and maybe hedge with swissies.
I also thought LEH and ML looked good value a $22 and $35 and considered some reverse convertibles. Shows how much I know!!
Just call me Tigasin. That's what I'm talking about
And spot on with the rest of your comments. But who wants to try and catch a falling knife? I thought LEH was pretty good at $22, and ML at $35...
I think we are at one of those tipping points where markets are a bit disjointed from the real economy. Lower oil certainly indicates higher inventories and a pull-back in production, which in turn implies lower prices, which in turn implies lower inflation etc etc
Alexa - I really don't know enough about Scandi economies to even comment on your question - sorry...
Veni, vidi, viva.
I think the pound sterling looks more vulnerable. Also, the fall in oil prices will cushion dollar weakness. I still think the dollar will come off a little though. I think also that the dollar will come back soon when the market settles and investors are able to spot and capitalize on bottom feeding opportunities.
Just call me Tigasin. That's what I'm talking about
I don't think the USD will fall tremendously, as everyone is now in the pooh. 3 months back, when Eurozone looked sort of ok (relatively), there was no reason to hold $$$. No it's going down as well, so the more flexible US economy has a better chance of a more speedy recovery, so becomes a more attractive hold, despite the dud interest rate.
It's all about relativity...
Veni, vidi, viva.
Probably 25 basis points. Whenever, US interest rates go down, the dollar weakens. This is because it is less attractive to hold dollars when you are only getting a return of 1.75%. So yes, the dollar will weaken. For long term returns, I would say buy a nice house in the US or buy a balanced mutual fund or a variety of ETFs (exchange traded funds.)
Just call me Tigasin. That's what I'm talking about
But they are definatly not worried about inflation anymore...So yes they will probably lower rates...
I don't think the dollar will turn around even with a rate cut...But who knows...If we all knew we all would be rich...
I think they have 2 points to work with so I heard they may go for a full point...
Sucks as my high yeild savings aint so high any more...
You can't teach experience...
...you were looking for a short, intermediate or long term reward!
Short term depends very much on speculators so you can capitalise on people's reactions to news, as for imtermiediate and long term, it's hard to say until the Fed releases its interest rate changes later today and even then given what happened in the US in the last few days, it's hard to assess the impact it will have on the rest of the world.
My advice for those looking for long term investments is to sit tight until we know how the rest of the world has been affected.
btw, I'm not a professional yet so Tig is probably better qualifed to advise.
:)
All the people that bought gold during the rush...
have lost alot of money
You can't teach experience...
i think it's betetr to buy gold, Alexa.. i think that's what i am going to do
After many months of record lows...
Another reason oil has gone down...
Dollars are still cheap...
I would say yes...
You can't teach experience...
You can't teach experience...
Looks like alot of people that were planing on retiring are not gonna be able too...
Europes only down 1% so far...
You can't teach experience...
while the petrodollars flow the bubble will remain in place. I suggest you do not do anything silly like try to find a job in the West for the next year or so.... the bubble protects you from the outside world...
It will get worse before it gets better.
We are headed for a serious recession that will not turn around before the middle of next year.
At least, that's what some of the talking heads said this morning.
If the Fed reduces interest rates again today (and I think they will) the dollar will fall. However, the outlook for the pound is also bleak. I think the UK is on the verge of a nasty recession and that UK interest rates will come down as fears of inflation will be abated by the massive falls in oil prices. This will put further downward pressure on the pound. Its possible it could even reach parity with the Euro.
Just call me Tigasin. That's what I'm talking about
So good news for us here bad for Our Australian shares, family and friends at home...
"Your born, You Live, You Die, given this premise, one can conclude since we have no control over when we are born and when we die, the only thing that matters to us should be how we live, simple really?" Mis-Cat to her philosophy Lecturer.
every one's eyes are drowned in DSM here and half on Reuters watching GGC market.
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Serious question..
Is the pound likely to fall against other currencies or wil the dollar suffer the most ?
achromatic Tuesday. Things are getting worse. The Dow had its 6th largest single fall in history yesterday and things look bad again today. Maybe AIG will also go to the wall.
Just call me Tigasin. That's what I'm talking about
In today's PC world, can we say "Black Monday"?
Should it be "achromatic Monday"
it is only the beginning. u will see what will hapeen soon.
the only funny thing about it is that oil is less than 100$...which is quite strange int his case.
If you're looking for a problem, you're probably gonna find one.
You can't teach experience...
well Vegas, it won't be anything good for now...unless something magically will change and we all know that doesn't happen.
If you're looking for a problem, you're probably gonna find one.
holly sh!t, Vegas!
is so bad?
I'm broke, so it doesn't bother me..
good luck!
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Life is nothing without friends.... :)
QL.... just a (very nice) way of live..... :)
how bad will what be?
:-/