This is a golden time to be buying now guys. Once the Vanguard 500 Index fund fell below $100 a share. I don't know when the bottom will be but it should get here relatively quickly. I bought another 5 grand yesterday and will continue to do when there are big drops.
Wall Street tumbles amid global sell-off
- Thread starter AFA
- Start date
Yes, I was going to say that if people are selling then others are buying.Stock was overvalued and needs to be readjusted.
But break this down to me in very simple terms. I thought if you buy a stock let's figure than someone is selling for $50.00 and the market keeps selling and shares dropping when is it that that stock will be worth more than those $50.00? What you are saying is loose some to get some on the long term?
Actually anyone can break this down for me...the Dean is probably sleeping.
As you all know:
Production and manufacturing activities will slow down since we have the decreasing oil prices due to the decreased demand. This crisis is only in finance sector but other sectors can get affected and retail prices of goods may increase a little bit to cover possible losses.
For dollar's rise, investors (especially US investors) are liquidating their non-cash mobile investments such as foreign governments' bonds and stocks and collect dollars from foreign markets and return to their homeland.
This is not "Great Depression 2" and it's something as crappy as the Great Depression itself.
The major cause of this shit is "never-existing" money created by banks. Banks offered greater interests -than they can handle- to both individual and institutional investors. Same banks also gave investors' money as loans with incredibly low interest rates. Banks couldn't even collect the loans and provide the high interests to their investors. That's all, "virtually" existing money screwed world!
In 2007, total value of savings (including interests) was 8 times more than the actual amount of money in the entire world!
I see there was a joint interest rate drop in 6 countries today of a half point.
Print more!
Iceland;
http://www.time.com/time/world/article/0,8599,1848379,00.html
Print more!
Iceland;
http://www.time.com/time/world/article/0,8599,1848379,00.html
I agree it maybe not a bad time to buy. And we may be at the bottom.
But I have a feeling this is going to get worse. Not now, but in about 9-15 months when the bailout money is used up.
Giving $120 B to AIG alone, it won't last a month, and they were living high on the money already. I knew this would happen.
om3ga
It's good to be the king...
There's more....
Iceland: Britain's Credit Crunch Scapegoat
And according to the BBC, more than 100 local authorities in England, Wales and Scotland have revealed that they have deposits in Icelandic banks worth £842.5m in total.
Public bodies, such as police authorities and Transport for London, have invested a further £100m while about 60 UK charities may have deposited up to £120m in Iceland's banking system.
The largest depositors:
- Kent County Council, £50m
- Nottingham City Council, £42m
- Transport for London, £40m
- Norfolk County Council, £32.5m
- Dorset County Council, Hertfordshire County Council, £28m
- Barnet Council, £27m
- Somerset County Council, £25m
- Hillingdon Council, £20m
- Neath Port Talbot Council, £20m
- Westminster City Council, £17m
- Brent Council, £15m
Now there's talk that these local authorities face raising council taxes and cutting spending in the wake of the Icelandic banking crash. While Chancellor of the Exchequer Alistair Darling has guaranteed that individual savers will not lose money, corporate and government accounts may not be covered. Charities too face the potential loss of tens of millions of pounds.
What REALLY gets me peeved about this is that British local authorities lost millions following the collapse of BCCI bank in 1991 (remember the good old nineties with the dotcom bubble?)...so did they learn their lesson?
As for our government, they were reportedly alerted to the possibility of Icelandic banks facing collapse in July - so did anyone take steps to secure the funds back then?
The hell they did!!! And now they're asking me to cough up more taxes....
