Posted on 11/26/2009 11:56:47 PM PST by prisoner6
Dow Futures down 327 as of 2:41AM.
NASDAQ down 70.75.
S&P down 41.70.
(Excerpt) Read more at money.cnn.com ...
Who does Dubai owe most?
I am mainly looking for a little security so in a crisis or if the market is hot I can sell a little bit for a profit or quick cash.
Buying opportunity, if you have the cash. I do, ‘cause I got out of the market last week. I’m not buying back in until probably the second quarter of next year. Things are going to get bad.
yahoo sure is useless (still showing Weds #s, I guess)...
http://finance.yahoo.com/indices?e=dow_jones
Good morning all. Ugly things going on. Just a little BTTT so I can keep track of this.
Talk about a Black Friday. Yow!
I just saw the HANG SENG was down over 1,000 points! Then I saw the level...
But the NIKKEI is taking a beating down over 300
Dubai. Yes. That was the spark. Sucked everywhere today, still sucking hind teat in Europe as we speak. US will get clobbered today. Good it is only a 1/2 day.
Yeah. HANG SENG was Hangin Ten there for awhile.
http://www.marketwatch.com/story/us-stock-market-futures-point-to-heavy-losses-2009-11-27
Great day to do it too Soros!
marker
Asia markets hit by fresh bout of selling
A lack of information about Dubai’s flagship government-owned holding company, made worse by a religious holiday in the Middle East, prompted indiscriminate selling of stocks linked to the region - Nov-27
In depth: Dubai in turmoil
London suffers amid Dubai woes
Al-Maktoum statement
Dubai default fears spook investors
Global Markets Overview: Investors were spooked by the spectre of a default by Dubai and after a febrile foreign exchange market saw the yen surge to a 14-year high against the dollar - Nov-26
Dubai shock after debt standstill call
Request by indebted government holding company raises spectre of default in Middle East trading hub - Nov-25
Markets reel over Nakheel default fears
Alarm at news that Dubai World’s property arm was restructuring a bond due in December amid fears about implications of default - Nov-25
Pressure mounts over $4bn sukuk
Government faces pressure to clarify whether rescheduling signals a change in policy and whether sukuk restructuruing will be voluntary - Nov-25
Previous headlines/blurbs from Financial Times (UK) just a short while ago....
BOOKMARKING
never mind - the number are there...
http://finance.yahoo.com/futures
(I'm up too early...)
Reason, I buy good undervalued companies (not stocks) on fear, and sell on greed. I don't wait for a 2 or 3 or 5 bagger (percentage). Who knows when some stock will hit those highs? I sell if I get 10 to 25 to 50%. Yes, I missed some higher returns, but made a profit I'm comfortable with. Find your comfort level for profit and SELL! Buy and Hold for years is dead!
NEVER follow stocks up! You are usually too late to reap the benefits. Buy under valued companies that have low debt and potential for future revenues and growth.
Also, ignore technicals (graphs). No one makes any real money off those stupid charts. FUNDAMENTALS of an under-valued company is what makes profits. That is how Warren Buffet became a billionaire.
Last thought: Think emerging markets. Europe and the US have much smaller potential nowadays. China, Brazil, India, Chile, Israel, and others have a growing middle class who want to consume. Stay away from Russia...to volatile.
Do you think this is tied into Climategate?
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