Will the stock market hold...or is the bubble ready to burst?

[CFH]

This is fucked. I guess I'm going to have to reconcile myself to the fact that the money my mom left me via life-insurance could well be gone soon. I'm rather upset about it.

Oh well, who needs an education...

[El Kabong]

What's good to invest in right now Lyle please?

General Mills, Duke Power, BB&T, WACHOVIA....there is opportunity out there. What would you do? I have lost money like everyone else but how often does this stuff happen AND the lowering of the prices make for better deals Wachovia isn't staying under $4 a share once it's absorbed by Citigroup or Wells Fargo.


Wachovia is the only risky choice I have on there...BB&T did a great job and is a solid bank

[pacfan]

...wait a second, guys, not just yet. Wait for the market to bottom out. No doubt there are some fire-sales going on out there now, but who knows, things can go from bad to worst real quickly in the coming weeks or months. We're definitely sailing on unchartered territory and it's really very risky to cross there at this point. Things are very hazy now; nobody know for sure where we're heading. Of course, if you take a that risk right now, you will make a real big jackpot if things turned out even just a little better. But again, that's another big iffy thing, and an extremely questionable one at that...

[El Kabong]

BB&T was very conservative in the loans they gave out

Wachovia is getting ready to be bought out by either Citigroup or Wells Fargo both solid companies


General Mills is used every day by everyday people no matter what the crisis.


Buy stock that is a product people use, Gillette is a good one.


Duke Power is energy if that goes bad then I could give a fuck about the money I wasted on it I'd be more worried about what is turning on my lights and running my refrigerator.




I mean that's what I will do...I'm not trying to sway anyone one way or another, I could give two shits about what yall do with your money

[pacfan]

...and don't forget, Iceland is reportedly on a verge of financial collapse, or simply put - bankrupt...

...who's next? Things are looking real, real bad, so you better all brace yourselves and pray hard...

[pacfan]

BB&T was very conservative in the loans they gave out

Wachovia is getting ready to be bought out by either Citigroup or Wells Fargo both solid companies


General Mills is used every day by everyday people no matter what the crisis.


Buy stock that is a product people use, Gillette is a good one.


Duke Power is energy if that goes bad then I could give a fuck about the money I wasted on it I'd be more worried about what is turning on my lights and running my refrigerator.




I mean that's what I will do...I'm not trying to sway anyone one way or another, I could give two shits about what yall do with your money

Of course, Lyle, if you take the risk, you can be a zillionaire if things improve. Some of the stocks are sold for just a fraction of what they used to sell just couple of months back. If these companies are successfully revived, then their shares price should bounce back real big. But you need to have a real market saviness to be able to correctly see which ones have the potential for that. With all my knowledge of Economics and business, I wouldn't dare...

[El Kabong]

That's a fair view of things BUT I'm betting things will improve...now when they improve and what improves are the questions

[pacfan]

That's a fair view of things BUT I'm betting things will improve...now when they improve and what improves are the questions

Of course, if you're a gambler, it's your chance to go for that once in a lifetime, naw, it's more like once in a century, chance to be millionare...



...But for the rest of you timid folks, especially those with millions, it's time for you to dump 'em into the gold market - that's where you put 'em when there's crisis. Me, I've got know such problem - I'm just a poor fisherman who's worried about the pollution more than the stock market. Can someone put $1,100 for me there at the 'how much you earn' thread?

[El Kabong]

Well I'm young and I have time to spare, I have the opportunity to gamble and not have it hurt me in the long run.

[pacfan]

Well I'm young and I have time to spare, I have the opportunity to gamble and not have it hurt me in the long run.

Well, then, by all means go for it...

...and good luck!



...by the way, where's Kirkland? He's been unusually silent today.

[Kirkland Laing]

...and don't forget, Iceland is reportedly on a verge of financial collapse, or simply put - bankrupt...

...who's next? Things are looking real, real bad, so you better all brace yourselves and pray hard...

So is Pakistan. They're begging for a hundred billion bailout. An Islamic failed state with nuclear weapons. Excellent.





Miserable enough for you?

[Kirkland Laing]

Statement from the Bank of Jamaica regarding the global financial crisis :

[Douglas]

BB&T was very conservative in the loans they gave out

Wachovia is getting ready to be bought out by either Citigroup or Wells Fargo both solid companies


General Mills is used every day by everyday people no matter what the crisis.


Buy stock that is a product people use, Gillette is a good one.


Duke Power is energy if that goes bad then I could give a fuck about the money I wasted on it I'd be more worried about what is turning on my lights and running my refrigerator.




I mean that's what I will do...I'm not trying to sway anyone one way or another, I could give two shits about what yall do with your money

Of course, Lyle, if you take the risk, you can be a zillionaire if things improve. Some of the stocks are sold for just a fraction of what they used to sell just couple of months back. If these companies are successfully revived, then their shares price should bounce back real big. But you need to have a real market saviness to be able to correctly see which ones have the potential for that. With all my knowledge of Economics and business, I wouldn't dare...

How do you even go about buying stock? Do you have to talk to your banker? Or what?

And is there a certain amount of money you have to invest, or can you invest just enough so that if it goes wrong, you're not really losing that much?

[Kirkland Laing]

Well, we got gyrations alright.

For those of you worried about the global financial crisis, I thought I'd explain exactly what will happen over the coming weeks, months and years and the eventual future financial, political and geopolitical/geostrategic consequences of current events so that you know what's coming in the years and decades ahead (not all in one post, but in this thread eventually). And there's good news! The Chairman of the Fed and the U.S. Secretary to the Treasury have now finally started to accept my advice and we're going to see the effective nationalisation of the banking system.

They don't have time to carry out their original plan as events have already overtaken it, so that's good news for US taxpayers as the initial $700 billion they recently shelled out will now be spent sensibly. The problem causing the current meltdown is that banks don't want to lend to business or themselves anymore. Nobody knows who might go bust next week so everybody is terrified to lend to everybody else. And if banks stop lending to each other and business then our largest businesses and corporations, which rely on bank lending to roll over their short-term debt, hit a cashflow wall. They have to lay off thousands of staff, who have no wages to spend, which means the overall economy slows down due to their lost spending, which creates more job losses in businesses affected by the lack of spending, which creates a vicious spiral of job losses and so on, so this is why investors are all currently running for the exits. Basically eventual mass unemployment. A Depression. And we'd all like to avoid that.

So governments are going to step in and recapitalise banks, giving them big chunks of money to plug the holes in their balance sheets caused by them buying now-worthless mortgage securities and other crap paper.

So we're going to see a part-nationalisation of the whole banking system and we may even see full nationalisation, and sooner rather than later. If asset prices continue to fall and so reducing the value of the non-crap assets on banks' balance sheets then the recapitalisation money is just throwing money into a black hole. So the eventual outcome may well be the complete nationalisation of the banking system. Then governments can order banks to lend to each other and allow the normal flow of credit creation to resume and asset prices will stablilise.

So there'll be an initial bank recapitalisation plan announced in the next few days and subsequent plans announced at strategic points afterwards, with the general idea of preparing the populations of our countries to accept the fact that the banking system is going Commie, something that will be hard to swallow in certain countries, especially countries with upcoming Presidential elections. This new plan has the working title of "The Kirkland Laing Global Financial System Rescue Plan" but this may be subject to a change before it's eventually made public. But it will happen. It is Written.


A great deal of the current meltdown is directly due to the inept and arrogant way in which the U.S. President, the Chairman of the Fed and other officials both in the US and in other countries have dealt with the crisis, especially in the way they originally arrogantly assumed that they could deal with it without first asking for and then acting on my advice. Bush made the same arrogant mistake over the invasion of Iraq and numerous other issues over the course of his presidency too.

I hate arrogance like that in a person, don't you?

[pacfan]

Well, we got gyrations alright.

For those of you worried about the global financial crisis, I thought I'd explain exactly what will happen over the coming weeks, months and years and the eventual future financial, political and geopolitical/geostrategic consequences of current events so that you know what's coming in the years and decades ahead (not all in one post, but in this thread eventually). And there's good news! The Chairman of the Fed and the U.S. Secretary to the Treasury have now finally started to accept my advice and we're going to see the effective nationalisation of the banking system.

They don't have time to carry out their original plan as events have already overtaken it, so that's good news for US taxpayers as the initial $700 billion they recently shelled out will now be spent sensibly. The problem causing the current meltdown is that banks don't want to lend to business or themselves anymore. Nobody knows who might go bust next week so everybody is terrified to lend to everybody else. And if banks stop lending to each other and business then our largest businesses and corporations, which rely on bank lending to roll over their short-term debt, hit a cashflow wall. They have to lay off thousands of staff, who have no wages to spend, which means the overall economy slows down due to their lost spending, which creates more job losses in businesses affected by the lack of spending, which creates a vicious spiral of job losses and so on, so this is why investors are all currently running for the exits. Basically eventual mass unemployment. A Depression. And we'd all like to avoid that.

So governments are going to step in and recapitalise banks, giving them big chunks of money to plug the holes in their balance sheets caused by them buying now-worthless mortgage securities and other crap paper.

So we're going to see a part-nationalisation of the whole banking system and we may even see full nationalisation, and sooner rather than later. If asset prices continue to fall and so reducing the value of the non-crap assets on banks' balance sheets then the recapitalisation money is just throwing money into a black hole. So the eventual outcome may well be the complete nationalisation of the banking system. Then governments can order banks to lend to each other and allow the normal flow of credit creation to resume and asset prices will stablilise.

So there'll be an initial bank recapitalisation plan announced in the next few days and subsequent plans announced at strategic points afterwards, with the general idea of preparing the populations of our countries to accept the fact that the banking system is going Commie, something that will be hard to swallow in certain countries, especially countries with upcoming Presidential elections. This new plan has the working title of "The Kirkland Laing Global Financial System Rescue Plan" but this may be subject to a change before it's eventually made public. But it will happen. It is Written.


A great deal of the current meltdown is directly due to the inept and arrogant way in which the U.S. President, the Chairman of the Fed and other officials both in the US and in other countries have dealt with the crisis, especially in the way they originally arrogantly assumed that they could deal with it without first asking for and then acting on my advice. Bush made the same arrogant mistake over the invasion of Iraq and numerous other issues over the course of his presidency too.

I hate arrogance like that in a person, don't you?

Nothing much to add except to stress that they must get the credit rolling again, or else it's a sure crash...

...so apparently it has come to the point of getting the credit rolling again at all costs, even at the point of nationalising the banks - do we have the choice? I guess not. That's the most bitter pill they have to take - or more like - to bite.