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Donít Be Fooled By Global Stock Stumble
Reuters Blogs ^ | August 17, 2009 | Agnes Crane

Posted on 08/17/2009 9:21:17 PM PDT by parsifal

Don’t blame global stock markets for being skittish. It is August, after all, a month that has spelled trouble in the past two years.

Recall that, a year ago, Fannie Mae and Freddie Mac started wobbling at the precipice while AIG, desperate for cash, began paying junk-like yields in the corporate bond market. A month later, all hell broke loose.

In August 2007, a shutdown in short-term lending markets forced global policy makers to rush in with a flood of liquidity to keep the lifeblood of the financial system from clotting.

So it’s only natural that, this year, sellers are trigger-happy at the slightest whiff of trouble.

(Excerpt) Read more at blogs.reuters.com ...


TOPICS: Business/Economy; Miscellaneous; News/Current Events
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Most of what i have heard is "don't be fooled by the rally." Here's someone who says don't be fooled by the stock stumble. IMHO, hogwash.

Since this is August 18, 2009, EDT I am now a full fledged 11 year Freeper!

parsy, who is surprised he made it this long

1 posted on 08/17/2009 9:21:18 PM PDT by parsifal
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To: parsifal

Commie media in damage control mode.


2 posted on 08/17/2009 9:27:06 PM PDT by TheThinker
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To: parsifal
Everybody knows that the market is headed for a huge fall since that's what it always does in the Fall.

And everybody knows that the market always does what everybody thinks it's going to do.

(Congrats on 11 years, parsifal!)

3 posted on 08/17/2009 9:28:28 PM PDT by snarks_when_bored
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To: parsifal
Happy Free-day to you!

Newb. ;)

/johnny

4 posted on 08/17/2009 9:29:23 PM PDT by JRandomFreeper (God Bless us all, each, and every one.)
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To: parsifal

My wife, who has been working in banks, S&Ls, and credit unions for over 28 years, says that the worst is yet to come.


5 posted on 08/17/2009 9:30:07 PM PDT by CatOwner
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To: parsifal

The author of the article assumes that money will be available. I realize that the gov can print like crazy, but inflation would hit even stronger than how it will hit when all the crap that has been printed filters back to the system.


6 posted on 08/17/2009 9:30:45 PM PDT by ABQHispConservative (A Blue Dog Democrat is an oxyMoron!)
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To: parsifal

Of course it couldn’t have anything to do with Obama’s policies! /s


7 posted on 08/17/2009 9:31:37 PM PDT by kcvl
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To: parsifal

Agnes Crane hasn’t a clue what caused the global recession in the first place, and what is still causing it.
Saying the markets have dipped for no reason other than sellers being “trigger happy” for no apparent reason just shows her ignorance of the marketplace and what effects it.


8 posted on 08/17/2009 9:31:47 PM PDT by Nathan Zachary
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To: JRandomFreeper

the media want us to think for no reason, August is the time ppl sell, no matter how well or poorly the company or economy is doing, so chill ppl


9 posted on 08/17/2009 9:31:52 PM PDT by 4rcane
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To: CatOwner

I agree with your wife!


10 posted on 08/17/2009 9:31:56 PM PDT by kcvl
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To: parsifal

congrats newbie!!


11 posted on 08/17/2009 9:34:21 PM PDT by dalereed
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To: CatOwner
My wife, who has been working in banks, S&Ls, and credit unions for over 28 years, says that the worst is yet to come.

Smart women there. If this doesn't tell you trouble is on the horizon http://www.usdebtclock.org/

12 posted on 08/17/2009 9:34:40 PM PDT by Digger (If RINO is your selection, then failure is your election)
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To: 4rcane
Newbs dast not tell old farts to chill.

Technically, I don't think you were replying to me specifically, who was offering Freepday blessings to the poster for his 11th year here, but simply scrolled down and replied on the last poster.

Besides, I've been divested of stock market, fed-gov, and all the BS for a couple of years.

But either way, it's simply NOT DONE, and VERY BAD FORM.

/johnny

13 posted on 08/17/2009 9:38:36 PM PDT by JRandomFreeper (God Bless us all, each, and every one.)
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To: TheThinker

I looked her up before I posted this to make sure she wasn’t just some blogger like me. Here’s the scoop:

Agnes Crane has been on the frontlines in the coverage of the credit crisis. As an editor at Dow Jones Newswires, she led a team of eight reporters who cover the credit markets and debt instruments. She had previously been a reporter for Dow Jones, covering global sovereign debt markets. In 2005, she won a Newswomen’s Club of New York Front Page Award for deadline reporting. Agnes was a fixed-income reporter for Market News International and before that had worked as a reporter in Mexico City for four years. She is a graduate of Temple University.

parsy, who really does hope she’s right, but I wouldn’t bet my money on it


14 posted on 08/17/2009 9:38:54 PM PDT by parsifal ("Where am I? How did I end up in this hospital room? What is my name?" Anonymous)
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To: 4rcane
" so chill ppl "

ALL IS WELL !!!


15 posted on 08/17/2009 9:39:53 PM PDT by Prophet in the wilderness (PSALM .53 : 1 The FOOL hath said in his heart, there is no GOD.)
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To: parsifal
The diff is, Parsy, that the far left would bet YOUR money on it.

/johnny

16 posted on 08/17/2009 9:40:59 PM PDT by JRandomFreeper (God Bless us all, each, and every one.)
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To: CatOwner

I think your wife is right. I read somewhere that Regions is upside down. I still think we have several bubbles to burst yet.

parsy, the really pessimistic right now (or is it realistic?)


17 posted on 08/17/2009 9:42:24 PM PDT by parsifal ("Where am I? How did I end up in this hospital room? What is my name?" Anonymous)
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To: 4rcane
"the media want us to think for no reason, August is the time ppl sell, no matter how well or poorly the company or economy is doing, so chill ppl"

Yep. Not a single story about the dismal economic report and bleak outlook for the America's economic future thanks to Obamanomics.

They are pointing their fingers straight towards Obama in Europe however; they aren't very happy with that Joker in the whitehouse that has dashed their hopes of economic recovery and put them right back into a recession.

They are finally realizing that all the talk Obamamedia was floating around that the American economy was turning around, was nothing but a big fat LIE to cover up a rapidly failing economy with no hope of recovery in sight, and worsening instead.

18 posted on 08/17/2009 9:43:49 PM PDT by Nathan Zachary
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To: JRandomFreeper

If they’re betting my money, they won’t need many chips.

parsy, the broke


19 posted on 08/17/2009 9:43:51 PM PDT by parsifal ("Where am I? How did I end up in this hospital room? What is my name?" Anonymous)
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To: parsifal
Don’t Be Fooled By Global Stock Stumble The Idiotic Leftist State Run Media Spinning Total B.S.

No mention of the failed treasury auction, the failure of Colonial, the ChiComs buying $2B worth of residential real estate thru a Gubmint program today, blah blah blah...

Instead, it's "just a turning point" due to "soft retail sales"; "not necessarily the foreshadowing of something truly ugly to come".. 100% lies and propaganda.

20 posted on 08/17/2009 9:47:18 PM PDT by kara2008 (Government cannot be the solution when government is the problem)
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To: ABQHispConservative

Wait a few years and I bet we have $10,000 bills in circulation

parsy, who hopes his comic book investment keeps up with inflation


21 posted on 08/17/2009 9:47:46 PM PDT by parsifal ("Where am I? How did I end up in this hospital room? What is my name?" Anonymous)
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To: parsifal

Happy 11th!


22 posted on 08/17/2009 9:48:07 PM PDT by Darnright (There can never be a complete confidence in a power which is excessive. - Tacitus)
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To: parsifal
I went broke on purpose. I make no income so I don't pay any taxes. I cut the bastards off.

I've been married 3 times and divorced 3 times. I know how to make the other party suffer from loss of income.

How are those federal revenues doing? Down? No surprise here. They get stupid, we quit funding.

Funding BILLS come from congress, supposedly originated in the House. But the money comes from Lake Worth, Texas, or Meridian, Oklahoma, or some small place.

Right up until the people decide, "eff congress, assembld" It's MY money.

/johnny

23 posted on 08/17/2009 9:49:07 PM PDT by JRandomFreeper (God Bless us all, each, and every one.)
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To: kara2008

I noticed the lack of negative info.

parsy, who is sure it wasn’t on purpose /s


24 posted on 08/17/2009 9:49:51 PM PDT by parsifal ("Where am I? How did I end up in this hospital room? What is my name?" Anonymous)
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To: parsifal

Hell, we’ll all be millionaires, like in Zimbabwe and Venezuela, and all other failed states.


25 posted on 08/17/2009 9:52:56 PM PDT by ABQHispConservative (A Blue Dog Democrat is an oxyMoron!)
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To: 4rcane

http://www.youtube.com/watch?v=zDAmPIq29ro


26 posted on 08/17/2009 9:53:53 PM PDT by Prophet in the wilderness (PSALM .53 : 1 The FOOL hath said in his heart, there is no GOD.)
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To: JRandomFreeper

I’m smarter than you are! I stopped after 2. LOL! When I get tempted, I just remember that skillet, my poor dented skull, and those magic words you always hear when you first meet them : “ I’m not like other women....”

On taxes, they’re just going to have to print the money. Not enough business going on to pay off 100 trillion.

parsy, who just got phantom pains on the left side of his head


27 posted on 08/17/2009 9:55:01 PM PDT by parsifal ("Where am I? How did I end up in this hospital room? What is my name?" Anonymous)
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To: parsifal
"Since this is August 18, 2009, EDT I am now a full fledged 11 year Freeper! "

Congratulations.

blam, who has put up with parsi most of those years. (is suprised too)

28 posted on 08/17/2009 9:57:11 PM PDT by blam
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To: JRandomFreeper
'parsy, who hopes his comic book investment keeps up with inflation"

When I decide to retire, I'm just going to fill a few acres with wrecked cars and just sell parts cash at the gate, and only to those who don't look like IRS agents. Then when steel goes back up, haul wrecks to the shredder. (it's a thought anyways)

29 posted on 08/17/2009 10:01:29 PM PDT by Nathan Zachary
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To: blam

Hey blam! I forgot to put you on the favorite freeper thread. I am sorry. All the great archaelogical stuff and science stuff.

parsy, who hasn’t changed anybody’s mind about minwages yet.


30 posted on 08/17/2009 10:02:37 PM PDT by parsifal ("Where am I? How did I end up in this hospital room? What is my name?" Anonymous)
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To: Nathan Zachary

If you get a 1985 Dodge Ram, holler at me. Also an 85 Bronco.

parsy, who will drive them until they pry them from his cold dead hands


31 posted on 08/17/2009 10:04:24 PM PDT by parsifal ("Where am I? How did I end up in this hospital room? What is my name?" Anonymous)
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To: Nathan Zachary

pretty tough selling used car parts when they’re sending all the “clunkers” to the crusher and the shredder.


32 posted on 08/17/2009 10:05:01 PM PDT by Scotswife
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To: parsifal
This is the Shanghi stock market which topped on 8-4-2009. It has been down since word leaked that China wasn't doing as well as we've all been told. Our market plunged today as a result.

All the Asian markets are presently down as I type. See here.

Asian Stocks Bounce, Focus On China Market

On Tuesday August 18, 2009, 12:38 am EDT

HONG KONG (Reuters) - Asian stocks and the Australian dollar edged higher on Tuesday but shares in Shanghai were highly volatile, keeping nerves frayed about whether another bout of profit taking would hit global markets.

The Shanghai composite index (^SSEC - News) opened lower but soon turned higher after suffering its biggest single-day drop in nine months on Monday. Fears that China is slowly tightening its easy money policies are haunting investors.

The drop in China's market had a domino effect on other markets, spreading nervousness that rallying asset prices have run ahead of economic fundamentals and weak earnings prospects.

[snip]

33 posted on 08/17/2009 10:08:21 PM PDT by blam
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To: parsifal
"Hey blam! I forgot to put you on the favorite freeper thread. I am sorry. All the great archaelogical stuff and science stuff."

Thanks.

It's been over a year since I posted a thread on any subject.

34 posted on 08/17/2009 10:11:20 PM PDT by blam
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To: parsifal

Its the MSM, you know they only tell you what they want you to think not necesarily what is true so anything they write is suspect.


35 posted on 08/17/2009 10:14:07 PM PDT by tiki (True Christians will not deliberately slander or misrepresent others or their beliefs)
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To: parsifal
"parsy, who hopes his comic book investment keeps up with inflation"

I'm saving nickels:

The Nickel Is Worth 5 Cents Again

36 posted on 08/17/2009 10:14:33 PM PDT by blam
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To: Scotswife

Oh, I won’t be selling used cars, just car parts. Buying them is easy. I just have to show up at the auctions where the insurance companies sell all the wrecks, and put an ad in the local paper ‘cash for your unwanted vehicles’. That will keep me busy enough.


37 posted on 08/17/2009 10:16:23 PM PDT by Nathan Zachary
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To: Nathan Zachary

oh - you’re not going after the clunkers - you’re going after the wrecks.
Gotchya.


38 posted on 08/17/2009 10:23:44 PM PDT by Scotswife
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To: blam

As of July 4, the nickle content in the US nickle coin was worth 3 cents. Composition:75% Copper 25% Nickel>

Good luck trying to melt them down and separating the nickle from the copper.


39 posted on 08/17/2009 10:23:53 PM PDT by Nathan Zachary
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To: blam

Well heck, get back to work! You always had those great finds.

parsy, who remembers Atlantis, he thinks


40 posted on 08/17/2009 10:30:43 PM PDT by parsifal ("Where am I? How did I end up in this hospital room? What is my name?" Anonymous)
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To: blam

If you can find ‘wartime nickles’, those may be worth a bit more. mid-1942 to 1945)56% Copper 35% Silver 9% Manganese


41 posted on 08/17/2009 10:31:46 PM PDT by Nathan Zachary
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To: blam

Maybe we need a freeper commune? Something like Galt’s Gulch for the indigent.

pasy, who is blueskying


42 posted on 08/17/2009 10:35:19 PM PDT by parsifal ("Where am I? How did I end up in this hospital room? What is my name?" Anonymous)
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To: Nathan Zachary
"Good luck trying to melt them down and separating the nickle from the copper."

Nah. They'll be selling them in the coin shops by the pound as they're presently doing with old silver dimes and quarters.

43 posted on 08/17/2009 10:42:35 PM PDT by blam
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To: parsifal
"parsy, who remembers Atlantis, he thinks"

Where Was Atlantis? Sundaland Fits The Bill, Surely!

44 posted on 08/17/2009 10:45:38 PM PDT by blam
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To: blam

That’s what I’m talking about.

parsy, who enjoys this kind of stuff


45 posted on 08/17/2009 10:51:25 PM PDT by parsifal ("Where am I? How did I end up in this hospital room? What is my name?" Anonymous)
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To: parsifal

parcy, you have been a very sly freeper for all these years. :)

social, who does not speak in the third person referring to himself. ( and annoying at that) :)


46 posted on 08/17/2009 11:46:44 PM PDT by socialismislost
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To: Prophet in the wilderness

be clam


47 posted on 08/18/2009 12:31:18 AM PDT by This_far
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To: This_far

http://www.freerepublic.com/focus/f-news/2318512/posts


48 posted on 08/18/2009 1:11:32 AM PDT by Prophet in the wilderness (PSALM .53 : 1 The FOOL hath said in his heart, there is no GOD.)
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To: Prophet in the wilderness

http://www.bizjournals.com/albany/stories/2009/08/10/daily45.html
Walmart beats earnings (I don’t like it, but there it is)

http://freerepublic.com/focus/f-news/2317673/posts
(if you don’t like clams...)

Know anyone that wants to buy GM (Original, pre nationalized, Your Father’s Oldsmobile) stock? Might be a collectors item?


49 posted on 08/18/2009 1:52:43 AM PDT by This_far
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To: kara2008

No mention also of the fact consumer spending is still slowing and without our meoney going into the economy (almost 70% of the economy is made up of consumer spending)nothing will happen to turn this thing around.


50 posted on 08/18/2009 2:31:20 AM PDT by 101voodoo (OBAMA- THE OPIATE FOR THE DUMB ASSES)
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