Don’t Be Fooled By Global Stock Stumble

Reuters Blogs ^ | August 17, 2009 | Agnes Crane

[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.

[parsifal]

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

[Darnright]

Happy 11th!

[JRandomFreeper]

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

[parsifal]

I noticed the lack of negative info.

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

[ABQHispConservative]

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

[Prophet in the wilderness]

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

[parsifal]

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]

"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)

[Nathan Zachary]

'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)

[parsifal]

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.

[parsifal]

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

[Scotswife]

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

[blam]

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]

[blam]

"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.

[tiki]

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.

[blam]

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

I'm saving nickels:

The Nickel Is Worth 5 Cents Again

[Nathan Zachary]

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.

[Scotswife]

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

[Nathan Zachary]

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.

[parsifal]

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

parsy, who remembers Atlantis, he thinks