Global stockmarkets continue to slide

Respenus · 08-04-11, 08:47 PM

There is one thing worth mentioning. While things most certainly don't look calming at the present moment (with talk of a second European credit crunch especially), we should never forget that "If men define situations as real, they are real in their consequence" (the Thomas theorem). As of right now, everything, at least to me, seems like a self-fulfilling prophecy. The more we talk about saving countries, the more the contagion spreads; the more there is talk about recovery, the worst the economic results are.

So gentlemen, if it's not too much to ask, remain positive. At least until the missiles start flying

Jimbuna · 08-05-11, 05:25 AM

Some would say now is the time to buy whilst prices are low.

As one financial 'expert' said on Sky News this morning...

"Buy from those who are weak or frightened then sell to those who are brave when the prices rise"

Oberon · 08-05-11, 06:21 AM

Quote:

Originally Posted by Respenus

So gentlemen, if it's not too much to ask, remain positive. At least until the missiles start flying

Tell that to the stockbrokers...

EDIT:

Quote:

1211:
By the way, stocks are down about 6% in the US since the Smurfs movie ("A Magical Smurf Adventure") was released on 29 July. Coincidence?

XD

Growler · 08-05-11, 06:55 AM

As a crisis escalates, the need for careful, deliberate, disciplined action must outweigh the urge to panic.

Is the current situation bad? Yes. Will it get any better at all by panicking? Probably not.

STEED · 08-05-11, 08:22 AM

Write off all the world's debts as suggested by some experts.

mookiemookie · 08-05-11, 09:27 AM

Get defensive. Go for dividend paying stocks and solid, reliable, non-cyclical names. Johnson and Johnson, Wal Mart, Coca Cola etc.

This too, shall pass.

08-04-11, 08:47 PM	#1
Respenus Ace of the Deep Join Date: Sep 2006 Posts: 1,169 Downloads: 0 Uploads: 0	There is one thing worth mentioning. While things most certainly don't look calming at the present moment (with talk of a second European credit crunch especially), we should never forget that "If men define situations as real, they are real in their consequence" (the Thomas theorem). As of right now, everything, at least to me, seems like a self-fulfilling prophecy. The more we talk about saving countries, the more the contagion spreads; the more there is talk about recovery, the worst the economic results are. So gentlemen, if it's not too much to ask, remain positive. At least until the missiles start flying __________________

08-05-11, 05:25 AM	#2
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 190,788 Downloads: 63 Uploads: 13	Some would say now is the time to buy whilst prices are low. As one financial 'expert' said on Sky News this morning... "Buy from those who are weak or frightened then sell to those who are brave when the prices rise" __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!

08-05-11, 06:55 AM	#4
Growler A long way from the sea Join Date: May 2005 Location: Iowa Posts: 1,913 Downloads: 21 Uploads: 0	As a crisis escalates, the need for careful, deliberate, disciplined action must outweigh the urge to panic. Is the current situation bad? Yes. Will it get any better at all by panicking? Probably not. __________________ At Fiddler’s Green, where seamen true When here they’ve done their duty The bowl of grog shall still renew And pledge to love and beauty.

08-05-11, 08:22 AM	#5
STEED Lucky Jack Join Date: Jan 2006 Location: Down Town UK Posts: 27,695 Downloads: 89 Uploads: 48	Write off all the world's debts as suggested by some experts. __________________ Dr Who rest in peace 1963-2017. To borrow Davros saying...I NAME YOU CHIBNALL THE DESTROYER OF DR WHO YOU KILLED IT!

08-05-11, 09:27 AM	#6
mookiemookie Navy Seal Join Date: Nov 2005 Location: Houston, TX Posts: 9,404 Downloads: 105 Uploads: 1	Get defensive. Go for dividend paying stocks and solid, reliable, non-cyclical names. Johnson and Johnson, Wal Mart, Coca Cola etc. This too, shall pass. __________________ They don’t think it be like it is, but it do. Want more U-boat Kaleun portraits for your SH3 Commander Profiles? Download the SH3 Commander Portrait Pack here.