Posted on 03/16/2008 7:34:49 PM PDT by TigerLikesRooster
When everyone's prophesying doom...buy. This is doom week.
Cold and windy here in NY. But, the beer is green for the day.
That’s alright with me. May the punishment come in the form of a now-needed 1.25% rate cut and $200 oil. We need new blood in business anyway: enterprising, young graduates compelled to team-up to do domestic manufacturing and put an end to the slovenly shell games that we’ve been seeing.
We can use much less fuel with another production (and thereby, pro-family) paradigm. “Do real work by making products!” (and “One car in every garage!”). Those have a ring to them. :-)
>> Capital is beyond tight. It’s not gonna get pried loose for anything except a really good bargain.
And inflation? Will that pry it loose from safe investments, simply out of necessity to protect it?
(We’re in for a healthy dose of the “big I”, I fear.)
Great representation!
I think the Fed with their rate cut has instead of helping the market, done a lot of damage to it signaling a panic atmosphere.
But I've outlined that in a post a few posts back so won't pound the point.
But people are gonna look at that billionaire brit (don't remember his name) can lose $800 million AND THAT ON FRIDAY(!!) then the average schmoe investor has to wonder how much his paltry investment is worth.
IMHO the Fed has created the perfect atmosphere for a run!
Gee ya think!
I don’t know anything about investments, but I know bankers don’t work on EFFING SUNDAY! As soon as I read that about rate cuts today to thwart a run on the banks monday, I was on the phone lickety split calling people more knowledgeable than me trying to figure out what the F is going on!
You know what I was told? “well I’ve been expecting it for a while now, that’s why I’ve been hoarding gasoline in cans lately and a year supply of food.”
SHIT!
I don’t think I’m going to sleep much tonight.
I don't know. Ultimately there's only one investment that's perceived as safe, and it isn't gold at 1030 an ounce.
And there's your proof that we're already experiencing Big I inflation -- commodities prices. That's been no secret for several years, although it's been treated like one, for the heed its gotten.
...that’s why I’ve been hoarding gasoline in cans lately and a year supply of food.”
Uh okay. I wish them will with that strategy.
I made mention somewhere on FR — I think it was on the Massachusetts Fed thread — that Henry Paulson’s comments on the Stephanopolous show would scare the begeezus out of any market. It was absolutely among the worst sentences he could have uttered. I heard a clip — even his tone of voice sounded shaky.
>> I don’t know. Ultimately there’s only one investment that’s perceived as safe
conventional wisdom says that’s US Treasuries. But what does it mean to YOU?
Who's hooked on who here? Who is the addict?
What are Chinese Communist millionaires going to do with boat loads of devaluing dollars? Buy gold, along with everyone else?
How is the price of oil and imported commodities working for China and then exporting and getting paid in decreasing dollars? Must be fun to be a Chines working stiff, middle class worker.
And now riots in lovely fraternal partners of Tibet.
Thank God for the Summer Olympics. The clamp should really be down in the Imperial City.
Tomorrow you will see the Fed enter the stock market through surrogates to buy Dow and Nasdaq componants with printed money to artificially bolster the market. What has happened here was the push to let more people have a piece of the pie resulting now in no pie for those who deserve pie. Total social engineering turned into horror. We were poorly led.
If JPM had paid $30-40 per share for BSC, the markets would have been in a good mood. JPM may loose more in portfolio losses tomorrow than it would have cost for them to put up a decent price for BSC. Titanic portfolio losses around the world from this poorly thought out move. Overly greedy, me thinks.
“What are Chinese Communist millionaires going to do with boat loads of devaluing dollars? Buy gold, along with everyone else?”
-
Keep in mind, the Renminbi is virtually pegged to the dollar.
So as the dollar goes, so also...
I can only give you my hunch. At the end of the day, when the rubber meets the road, it's still US Treasuries. When all the hyperbole and bluster is stripped away from market commentary, if you're a fiduciary, there's nowhere else to put your capital. It's "The Mattress," and it pays a little interest.
I think ultimately, America, with its market economy and its Constitutional Republican, and even firepower, is the best bet in times of uncertainty.
I have wondered, for years, when the Euro would start a bidding war for capital -- in other words, when the Euro would make EU bonds competitive. I don't know if we're there yet. If you were Bill Gross, I don't think you'd be in too much of a hurry to invest in a newly wired band of countries with socialist economies and growing population of angry Muslims.
Again, it's all just a hunch.
So, probably most stays in US, some to EU, some to EMEA.
Not for long.
bookmark
Is that why they have been ending 'up' after a bad day?
I’ve been playing long and short for the past few months. Worked out ok except for the past few weeks - much to volatile to move to the right position for not a day trader. Just two days ago I had 1000 TWM, sold out Thursday, was happy Friday at 9:30, sad at 11. Previous holder of FXP, got out before the 80 mark, didn’t get back in, boo-hoo. SKF, cry me a river - I had 1000 shares sold much too early (115). Who would have thought. I guess I cannot handle 10-20% moves in a day.
Keep in mind, the Renminbi is virtually pegged to the dollar.
“Not for long.”
-
LOL.
Sure thing. I’ll stand here and hold my breath.
OK. Go.....................
/s
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.