Skip to comments.Donít Be Fooled By Global Stock Stumble
Posted on 08/17/2009 9:21:17 PM PDT by parsifal
Dont 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 its only natural that, this year, sellers are trigger-happy at the slightest whiff of trouble.
(Excerpt) Read more at blogs.reuters.com ...
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
Commie media in damage control mode.
And everybody knows that the market always does what everybody thinks it's going to do.
(Congrats on 11 years, 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.
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.
Of course it couldn’t have anything to do with Obama’s policies! /s
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.
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
I agree with your wife!
Smart women there. If this doesn't tell you trouble is on the horizon http://www.usdebtclock.org/
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.
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 Newswomens 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
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?)
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.
If they’re betting my money, they won’t need many chips.
parsy, the broke
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.
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
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.
I noticed the lack of negative info.
parsy, who is sure it wasn’t on purpose /s
Hell, we’ll all be millionaires, like in Zimbabwe and Venezuela, and all other failed states.
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
blam, who has put up with parsi most of those years. (is suprised too)
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)
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.
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
pretty tough selling used car parts when they’re sending all the “clunkers” to the crusher and the shredder.
All the Asian markets are presently down as I type. See here.
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.
It's been over a year since I posted a thread on any subject.
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.
I'm saving nickels:
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.
oh - you’re not going after the clunkers - you’re going after the wrecks.
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.
Well heck, get back to work! You always had those great finds.
parsy, who remembers Atlantis, he thinks
If you can find ‘wartime nickles’, those may be worth a bit more. mid-1942 to 1945)56% Copper 35% Silver 9% Manganese
Maybe we need a freeper commune? Something like Galt’s Gulch for the indigent.
pasy, who is blueskying
Nah. They'll be selling them in the coin shops by the pound as they're presently doing with old silver dimes and quarters.
That’s what I’m talking about.
parsy, who enjoys this kind of stuff
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) :)
Walmart beats earnings (I don’t like it, but there it is)
(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?
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.