Thought you only poured scorn on opportunists, now you are one?chances like this do not come around often, make the best of a bad lot.
Thought you only poured scorn on opportunists, now you are one?
All of this on a day when the short- selling ban was lifted .
Cheers
..........Kauri
Call me an opportunistic INVESTOR, prepared to stay in a troubled market by investing in companies that are sold down past their fundamental value. I am scornfull of those that withdraw support from companies that are serving their shareholders well and producing the wealth that makes this a great country.
Is this the problem? Bring back the ban then.
From my noob analysis of such things, it looks like both Ford and GM are being priced in for bankruptcy.
I think we all knew it was going to happen sometime, but perhaps not this quickly?
The FT is reporting this morning that the US Treasury might be forced to rush out a bank recapitalization plan after the dramatic fall on Wall Street in the last two hours of trading. US officials were hoping to have some time to finish the plan but analysts said they could be forced to act immediately. The idea is to put capital not just into financial institutions that are on the brink of bankruptcy, but a much wider range of entities that have been weakened by the credit crisis and are responding by pulling back from risk across the board.
doesn't sound like auto-manufacturers... yet...
Cheers
...........Kauri
The more they try to fix it the worse it gets.
This thread must have a name change. Leave out the "imminent".Even the original Bull will now admit to "severe". However all is not lost. The market WILL recover. Even if we have not reached the bottom there are a lot of stocks that are good value and 'now is the hour" to adjust your portfolio. I've just placed some buy orders and a few "sell the dogs" and build in some tax losses. Happy trading, chances like this do not come around often, make the best of a bad lot.
For goodness sake this isn't an inspirational Disney movie this is business, they dont make money for any other reason but to make money and neither should you.
Obviously there are some serious problems with the global economic system. But does anyone else think that the Media are in no way helping, and in many ways amplifying the hysteria and fear. I know bad news sells - but they are like a pack of sharks jumping on anything that is bad and beating down anyone who has anything positive to say.
anyone who wants to start a rumour just has to send an email to News Media or post it on UTube (where most of our news comes from these days!). Now is the time for some positive spin for a change - it might have been fun to sell down the market at the beginning - but its not hurting the fat cats that started this whole mess - just my family and yours, cousins, parents, and friends.
Like my Mum always says - if you don't have anything nice to say - then don't say anything! Media and Mr Bernaki please take note!
CNBC has been like that for weeks now.My media exposure is limited to Bloomberg, and to be honest i thought that they seemed to be a bit in denial about the whole thing. If you are seeing doom and gloom in the media now then maybe its another sign that the market is near capitualtion? Food for thought?
Cheers,
CanOz
Obviously there are some serious problems with the global economic system. But does anyone else think that the Media are in no way helping, and in many ways amplifying the hysteria and fear. I know bad news sells - but they are like a pack of sharks jumping on anything that is bad and beating down anyone who has anything positive to say.
anyone who wants to start a rumour just has to send an email to News Media or post it on UTube (where most of our news comes from these days!). Now is the time for some positive spin for a change - it might have been fun to sell down the market at the beginning - but its not hurting the fat cats that started this whole mess - just my family and yours, cousins, parents, and friends.
Like my Mum always says - if you don't have anything nice to say - then don't say anything! Media and Mr Bernaki please take note!
if the S+P is going to bounce... via another gov. initiative or three... this might be as good a place as any??
Cheers
...........Kauri
I completely agree. I also feel there must be many commentators/financial planners who are running for cover now. For many months they ridiculed anyone suggesting it would be wise to sell and protect capital. Easy enough to buy back in when confidence returns. "Just locking in losses", they said as far back as the beginning of this year. Kept on saying it.=Indie;347672]
So want more lies, more fairy tales. The financial system which was built on unprecedented credit expansion, false reporting, and advertising spin is collapsing like the ponzi scheme is it. Don't blame the media now that they are finally reporting some semblance of what the true situation is. I feel for anyone who has lost money out of this. It's terrible. The media are more to blame for keeping people in the dark. No trace of true investigative journalism, just shallow profit and loss reporting while they take easy advertising dollars from the financial industry. I spent the best part of a year urging other people to get out of the market, set up private super, and only one person took the advice. Everyone else was plugged into the mass media Bullsh*t machine. The blue pill or the red pill folks? Which one do you want?
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