Global stockmarkets continue to slide - Page 2

08-04-11, 05:08 PM

I've always done well when the big corporations, and their stock markets, do poorly.
No complaints here.

When Wall Street does poorly,
Main Street gains an oppertunity to fill the gaps.
The strong survive.

Jimbuna · 08-04-11, 05:25 PM

Quote:

Originally Posted by the_tyrant

ahh good for you
no need to see the proof though, I'm not a Nigerian prince, I don't need your financial data

the market is still doing badly though:
http://www.bbc.co.uk/news/business-14410184

Yes I must admit I noticed a sharp drop this morning but my fund is still 5% up on the previous twelve months.

http://funds.ft.com/aviva/AvivaLifePensionsUKLtd/NUAGRT

mookiemookie · 08-04-11, 07:24 PM

Quote:

Originally Posted by Snestorm

When Wall Street does poorly,
Main Street gains an oppertunity to fill the gaps.
The strong survive.

It doesn't work that way.

Platapus · 08-04-11, 07:44 PM

Quote:

Originally Posted by Skybird

If it all should ever collapse, the only things of real value will be real property: land, gold, jewelry, maybe precious and rare collector's items like watches, wine; this kind of stuff.

If there is a wide spread collapse, none of that, other than land, will have any value. Certainty not gold. Gold has no intrinsic value. Gold is only valuable because people agree to its value. In a catastrophic collapse, all deals are null and void.

If I have a 14 pound bar of gold and am very hungry and you have a loaf of bread, exactly how much is my gold worth? If I am lucky you will sell me half your loaf for my gold. The more hungry I am, the more attractive the deal will be.

Gold is only valuable if there is a limited collapse. Say the EU has a huge financial collapse, I might be able to take my gold to South America and exchange it. The problem is that since the world's economy is so linked, the chances of a catastrophic local collapse while the other economies are still functioning is becoming lower.

I have an open offer for all the gold hoarders out there. When the world wide collapse comes, I will be glad to sell you my food for your gold... at the going rate.

Armistead · 08-04-11, 08:14 PM

Like the lady that wheeled in her barrel of money for a loaf of bread, they took the wheelbarrow.

I think we're headed for some rough times in the next few years. The problem with a global economy corporations stop working for the nations they belong.

08-04-11, 08:22 PM

Quote:

Originally Posted by mookiemookie

It doesn't work that way.

It always has, and still does, for me.

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	#22
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	#23
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 190,552 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	#25
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	#26
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	#27
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.

08-04-11, 05:08 PM	#16
Snestorm Stowaway Posts: n/a Downloads: Uploads:	I've always done well when the big corporations, and their stock markets, do poorly. No complaints here. When Wall Street does poorly, Main Street gains an oppertunity to fill the gaps. The strong survive.

08-04-11, 08:14 PM	#20
Armistead Rear Admiral Join Date: Dec 2008 Location: on the Dan Posts: 10,880 Downloads: 364 Uploads: 0	Like the lady that wheeled in her barrel of money for a loaf of bread, they took the wheelbarrow. I think we're headed for some rough times in the next few years. The problem with a global economy corporations stop working for the nations they belong.