Posted on 02/27/2007 12:03:41 PM PST by cgk
Edited on 02/27/2007 3:25:19 PM PST by Admin Moderator. [history]
China admits that they caused the current correction, as speculation in China's markets had become ludicrous. Chinese authorities let it slip that they were going to implement a crackdown if the Market didn't correct itself.
Once that "Rumor" got out, the selling began.
Nope. The old guy said it.
http://www.nctimes.com/articles/2007/02/28/business/news/12_46_062_27_07.txt
Great. He's gone, but he is still opening his mouth and causing the same problems he did when he was there. Can't he take his stupid liberal wife and go live in the Soviet Union with all their lefty friends?
Remember "Mayothedung",,kill the chickin' to scare the
monkey...
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Yep,,,Mayo on dat chickin'sammage ??...LOL;0)
bttt
Now that M3 is no longer reported they can print money at will.
And now they have an excuse to inflate, and they'd better do it fast while consumer and investor sentiment is still high.
Dollar be d@mned.
BUMP
He retired. It is the new guy now.
Then he should be take down to the basement and duct-taped!
Uh, yes. I guess you haven't seen the news in the last two days, where Greenspan was blowing smoke and made the comments? He is no different than Bill Clinton or Jimmy Carter -- they all have difficulty controlling their loose mouths.
The fact that one man (Greenspan)can make a comment, and it causes these kind of problems all around the world, tells me all I need to know about the state of the world today, and it isn't looking good.
Your right. I try to avoid watching any MSM news. If I don't pick it up on the Internet, I usually miss it. My stomach can only take so much, and I don't waste any of that "much" on the liberal media.
I blame Dr. Heidi Cullen and her "Sky Is Falling" programs on The Weather Channel.
Thanks for the link. I wasn't aware of Greenspan's comments. I agree, though, that what he says now would be a good gauge to use; nothing to hinder him now. I was sorry when he went because I thought he did a good job and not only has a longer track record, but a pretty good one, IMHO.
You are lightyears ahead of me with investment knowledge. I'm not sure what your last paragraph means, unless you're putting things into more conservative (safe) areas with the assumption that a recession is on the horizon.
I probably have at least three or four decades on you so my time horizon is very different but if there is a recession the economy will slow down, companies will earn less and their stock price will drop. Conversely the Fed will (in theory) drop interest rates and thus bonds with higher yields will increase in value. Thus I have been slowly shifting from stocks to bonds trying to buy varied redemption dates (called "laddering").
The one exception to the above are "junk bonds" which I think these days are called "high yield". These are usually bonds from companies with less than stellar credit ratings; historically in a bad recession their bonds, and especially junk bond funds, can tank faster than you can blink.
If you're young, even in your 40's (young to me), I probably wouldn't be too concerned about this, you're in it for the long term and over the long term stocks will give you a better return than bonds. Plus it's impossible for most people to time the market; this cycle I have seriously missed the top of this market as I usually do.
And an addendum to my tag line; nothing I say should be construed as any kind of competent investment advise.
So far as you say.
One of my all-time favorite movies!
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.