Prepare for a market bloodbath monday

[nickster]

If ya could pick a different currency you could 'maybe' take the Euro but they are having their own problems right now.

Wott??!?!? Euro is collapsing all around and is looking more and more likely that it could be broken up within a couple of years.

 

[Wicked Ice]

Australian dollar IMO is the most stable currency.

 

[jsphfcll]

Australian dollar IMO is the most stable currency.

what about the swiss franc... i'm pretty sure that is... they are having problems b/c they are so strong

 

[Napolean]

If the markets aren't affected by this today, then that reinforces my theory that the markets are no longer paying attention to DC.

 

[nickster]

what about the swiss franc... i'm pretty sure that is... they are having problems b/c they are so strong

Swiss Franc is overvalued, but I still use it as a defensive play against the Euro. The Swiss are trying to reverse it, but I don't think they will be able to as it is such a strong safe haven and people aren't buying it for speculative profits but mainly as a defensive play like gold.

 

[Wicked Ice]

If that happens, it just means that the market is stupid.

If the markets aren't affected by this today, then that reinforces my theory that the markets are no longer paying attention to DC.

 

[mont7071]

Same, should be a fun 24-48 hours.



We will see who is right in a few hours time .

Im liking SSO down around $40...

(inb4 yabutyouretheidiotshortinggold)

 

[BigWill]

thanks obama voters

 

[emp]

Yep, the strong swiss franc is being a problem right now.
No one here seems to know what to do about it, though.

::emp::

 

[nickster]

Yep, the strong swiss franc is being a problem right now.
No one here seems to know what to do about it, though.

::emp::

Very little that can be done short of a recession. The fact that it is defensive rather than speculative makes it much harder to try to control.

 

[jeffrey]

Oil down $3 a barrel and gold is up $59.60 an ounce. I'm thinking about buying stock today just because they are so dam cheap.

 

[r3p1v]

Bank of America (BAC) is getting hammered

 

[jsphfcll]

Bank of America (BAC) is getting hammered

AIG has also file a lawsuit with them

 

[Fatbat]

thanks obama voters

Yeah, because McCain/Palin would have done such a better job. You were fucked either way. Quit blaming one guy for decades of shitty governing.

 

[leadsupplier]

Oil down $3 a barrel and gold is up $59.60 an ounce. I'm thinking about buying stock today just because they are so dam cheap.

i seriously might open an etrade account and do the same today

 

[KeyserSoze]

Wish I had some spare cash lying around right about now. Oh well, there is always the next recession situation (and with the way Europe is looking it might be better to hold off on buying just a little bit).

 

[Moxie]

thanks obama voters

You're saying Obama is responsible for the markets? The dow is still way up overall since he took office, so I guess you are being serious with your praise of his voters. :Yahoo_29:

 

[BigWill]

You're saying Obama is responsible for the markets? The dow is still way up overall since he took office, so I guess you are being serious with your praise of his voters. :Yahoo_29:

Yes, in part. He effects the global economy and that effects the market

Sent from my SPH-D700 using Tapatalk

 

[BigWill]

Lol fucking thugs

http://www.huffingtonpost.com/2011/...seize-rating-agencies-documents_n_918253.html

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[Rusky]

Fannie and Mac Downgraded. I'm glad this happened.
DJIA, Dow Jones Industrial Average and Nasdaq Drop After Fannie Mae, Freddie Mac Downgraded by Standard and Poor's - ABC News
I know people that live in their house for over 2 years without making a payment. Foreclose and let them rent. Stupid fuckers.


Hold on to your lug nuts.