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Jastra
Gallente
Black Thorne Corporation
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Posted - 2008.09.19 10:17:00 -
[1]
 Originally by: JAQUE ALERA
Edited by: JAQUE ALERA on 19/09/2008 07:17:44
Anyone paying attention and taking steps to at least have a months supply of food and water?
Anyone? Anyone? Hello?
We will have a major bump up in the coming days and then...then it will fall.
The tighter you squeeze sand, the faster it flows from your hand.
LOL, not old enough to recall the dotcom bubble, the crash in the 90s. the crash in the 80s, and the winter of discontent then ?
I feel extremely sorry for anyone getting made redundant at the moment but correctyions in this mad-ass financial system we've invented are invevitable, and just go to prove that greed is, in fact, not good when done by large corporations lending money to people who cant pay it back (duuuh!)...
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Jastra
Gallente
Black Thorne Corporation
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Posted - 2008.09.19 10:19:00 -
[2]
Originally by: Cmdr Sy
Originally by: Kephael
It really will most likely just end up as a footnote in Economic books like the Savings and Loans crisis of the 80s.
Uh... compare size? This is much bigger. That was lots of small mostly local institutions that cost billions. This involves multinationals and will cost trillions. If anything, S&L was a prototype, and the RTC is tonight being touted as a model for a solution.
Keep politics out of this please, I do not want this thread to degenerate. Regulatory action is OK, try not to go further than that.
and I'm sorry but keep the politics out ?? - lol, this whole issue is part politics part big business, they cannot be seperated....
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Jastra
Gallente
Black Thorne Corporation
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Posted - 2008.09.19 10:29:00 -
[3]
Edited by: Jastra on 19/09/2008 10:29:20
Originally by: JAQUE ALERA
US bans short selling Short selling is the "canary in the coal mine". This is very bad. It's like teaching creationism as fact.
"Short-selling can play a very important role in the market. If informed investors recognize that a stock is over-valued they perform a valuable service by selling it short and pushing down its stock price. This can both deprive the company of capital and be a signal to other actors in the market that the company might not be as healthy as is generally believed.
The economy would have benefited enormously if large numbers of traders had shorted Fannie and Freddie 4 years ago when they were buying up hundreds of billions of mortgages issued to buyers who bought homes at bubble-inflated prices. This would have stopped the bubble years ago. Similarly, we could have prevented the financial chaos at Merrill Lynch, Citigroup, Bear Sterns and the rest, if traders had recognized their financial shenanigans and aggressively shorted their stock. In the same vein, heavy shorting by informed investors could have prevented the boom and bust of the tech bubble.
The decision to intervene against short-selling is completely inconsistent with the belief in the wisdom of the markets. Of course short-sellers can be wrong and depress stock prices more than is justified by fundamentals, but so what? The government doesn't intervene when it thinks investors have exaggerated the true value of a stock. The public has no more reason to fear under-valued stock prices than over-valued stock prices. This one-sided intervention by SEC is hard to justify on any grounds."
you've actually contradicted yourself here, if shortselling would have stopped FM and FM from bubbling, why didnt it ? - short selling ban is probably to stop people shorting on bank stocks and therefore leading to the governments having to rescue the buggers.
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Jastra
Gallente
Black Thorne Corporation
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Posted - 2008.09.19 13:36:00 -
[4]
Originally by: Glarion Garnier
Originally by: CynoCyno1
Physical metals should be on everyone's assets list. Palladium seems cheap atm and so does silver.
switched into those funds a while back :)
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