Posted on 09/21/2008 8:54:27 AM PDT by dennisw
Oops...I see that now...
The Aussie mkt is **open** at 2:50 am??
Guess this fella is including what? Canada, Mexico, USA and what else?
Gold rose from about $253/oz in October 1999 to about $1002 in Febuary 2008. (very roughly following the rise in the fortunes of Fannie Mae). ......................
Gold and oil have been up since 9-11-2001 when the Fed started pumping money into the system to forestall a recession
I don told you a thousand million times DON'T EXAGERATE
(thanks to dad's army BBC tv show)
There is an error in the Weiss article. He says the derivatives fiasco is $180 Trillion.
According to the Bank of International Settlements, the true number is the staggering sum of $1 Quadrillion.
I’ve also noticed this guy thinks China is ALWAYS a great investment (and a veritable pollution-free workers’ paradise.)
Are you all just ignorant to the US financial market systems?
Some truly amazing observations in this thread.
Right. Easy credit has destroyed us and made the crooks very rich.
There’s a difference between betting on a world depression and taking steps to protect oneself from forces that cannot be reversed.
The problem isn’t the short sellers. The problem is the gov’t that ignored the short sellers who have been screaming from the rooftops for the last two years that the house is on fire. Short sellers shouldn’t be hunted down for being right, should they? After all, if the SEC had simply enforced the law (i.e., done their job), we wouldn’t be in this mess.
Short sellers provide liquidity at the offer and a floor on prices at the bottom. They have to buy back to complete their trade. Take away the short sellers, and the result is the violent swing upward on Friday, which will be followed by a violent swing downward this week. The only difference, people panic OUT of a market in greater droves than they panic in. So once the shorts are done covering and the longs continue their selling in earnest, it will be a race for the exits without any help of the short sellers on the way down, and without their compulsion to buy back in as stocks are falling.
Naked short sellers should be jailed. The SEC (i.e, the cops) have been nowhere to be found. Be outraged at them, not legitimate short sellers. Legitimate short sellers are critical to market stability. I hope and pray things cool down and the market can take stock of what’s happened. I suspect the volatility, however, will be outrageous .
Full disclosure, I am not in any way invested in this market outside of my 401k which contains no short-focused funds. I’m in the same boat with everyone else. Just trying to call it like I see it.
Fear-mongering non-sense.
Thanks for the advice Weiss I think I will buy now.
Funny his “recommendation” is SELL! SELL! SELL! ... That would not create a self-fulfilling prophecy, would it? No, it couldn’t be that Weiss is that much of a manipulator (sarcasm)
The Media is finally posting in big letters that the globalists want to pay benefits to foreign banks. First , the globalists send our jobs to their world countries, and now they want us to send all of our money to third world countries, and even go in debt billions of dollars to do that, Just say, NO! We can not afford all of these hand outs. The Feds are trying to rush these bailouts though like a “Bum’s Rush” so we will not realize what is going on.
Any financially litreate in the Catholic Caucus that can comment on this? It seems a bit above my pay grade. Thanks.
When everyone is down on the market, isn’t that the time it’s going to go up?
Should have been clearer—futures market.
Devil, meet deep blue sea.
Ah, so you’re referring to the USD/AUD ccy pair, then? (Just wanting to be clear...)
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.