US losing confidence vote as investors flee

The Telegraph ^ | 3/17/2008 | Ambrose Evans-Pritchard

[Centurion2000]

bump

[Centurion2000]

that picture rocks.... thanks.

[familyop]

Thanks, BTW. I’ve enjoyed reading your comments over the years and am not really dismissive of the possible seriousness of the general situation. I try to incite a smile here and there, though.

[koeman15]

Does anyone know if it’s a good idea to take my money out of the bank?

[bruinbirdman]

"through long term investment strategies, perhaps? :-) "

Doesn't matter. It's at an all time high, time to buy.

yitbos

[dennisw]

That’s OK. With markets down and hurting America I’m serious tonight

[familyop]

"Doesn't matter. It's at an all time high, time to buy."

Moo! ;-)

[Michael81Dus]

Weren´t the brokers saying this when the Dow reached an all time high last year??

[bruinbirdman]

Turkey - ISE... -7% today
NIKKEI 225...-3.71%
HANG SENG....-4.61%
SHANGHAI A SH-3.59%
KOSPI INDEX..-1.61%
FTSE 100.....-1.07%
OMX STOCKHOLM.-1.31%
Swiss Mkt.....-1.65%
CAC...........-0.85%
DAX...........-0.75%

Equities are low, low. Sell

yitbos

[aquila48]

“Gee, the rest of the world is finally catching up to US Conservatives have known for years. The US government spending spree is atrocious.”

That’s not what he’s saying. He’s saying you and me are spending too much at ChinaMart. It’s the trade imbalance of $800billion a year that’s doing the dollar in!!

Foreigner have over 6 trillion dollars - that’s the problem!

Of course the dollar getting devalued is going to be real painful for them as well, since their 6 trils are going to be worth a lot less!

Painful medicine for all.

[bruinbirdman]

Turkey - ISE... -7% today
NIKKEI 225...-3.71%
HANG SENG....-4.61%
SHANGHAI A SH-3.59%
KOSPI INDEX..-1.61%
FTSE 100.....-1.07%
OMX STOCKHOLM.-1.31%
Swiss Mkt.....-1.65%
CAC...........-0.85%
DAX...........-0.75%

yitbos

[bruinbirdman]

"Weren´t the brokers saying this when the Dow reached an all time high last year??"

Interestingly, my portfolio is set to buy high, low and in between. It all averages out. In the long run, I have more shares to sell when prices are high, hold when they are not.

yitbos

[Fred]

Yes, the Fed caused this mess by setting the price of credit too low for too long, feeding the cancer of debt dependency.

Thank you Mister Alan Greenspan....who is now shorting the credit card market.

[Fred]

Do not forget the gluttoness spending spree the Republican led congress just went thru courtesy of Tom Delay...

[bruinbirdman]

"Foreigner have over 6 trillion dollars - that’s the problem!"

And where would the ChiComs rather spend those greenbacks? In Eurotopia where they can't even get .75 cents worth of stuff for a buck?

They can't give it to their employees, that would cause inflation and those billion ChiComs not in the system would want some of that "from each according to his ability."

yitbos

[flaglady47]

It sounds pretty much like if we go down, everyone else will go down the financial drain with us for one reason or the other. Then what? Longterm forecast wanted here.

[bruinbirdman]

"Longterm forecast wanted here."

The underlying value of solid U.S. companies is solid.

Long term is: remain diversified, dollar cost agerage interest and dividends, maintain asset allocation. Reallocate semi-annually.

Keep learning about investment.

yitbos

[BJungNan]

Does anyone know if it’s a good idea to take my money out of the bank?

Let's hope we don't have to go that far.

[aquila48]

Actually any further devalution of the dollar combined with reduced costs of US assets such as RE and stocks, should cause a stampede from these countries to come over and buy our cheap stuff with all the dollars they have!

I’m surprised it hasn’t already happened. The reason, probably is they still see a lot of these assets, especially RE as somewhat inflated.

[durasell]

Longterm forecast wanted here.

---

In the longterm, we’re all dead — to paraphrase Keynes.

Shorter-term, perhaps a lot of financial pain.