View Poll Results: Where it the stock market going?
Higher Sht Term - Usual year end run followed by weakness in '09
0
0%
Higher Lng Term - Sept is the bottom, market leads economy by 6-9mos
17
23.94%
Sideways - "Noise" day to day but ultimately nowhere
22
30.99%
Lower - This will feed on itself. Unempl, Bad Balance Sheets, Low confdnc, etc.
32
45.07%
Voters: 71. You may not vote on this poll
OT - For all you Hedge Fund managers! ;)
10-07-2008, 11:52 PM
#32
I sell all USD before it comaes back down to where it should be, but what do I know
then again, whats currency to you hold????? the situation seems to suck everywhere!!!
10-08-2008, 12:54 AM
#33
Rennlist Member
someone, please exaplain to me why the USD is gaining momentum! I dont see any good enws for the economy, fed reserve, deficit, etc....
I sell all USD before it comaes back down to where it should be, but what do I know
then again, whats currency to you hold????? the situation seems to suck everywhere!!!
I sell all USD before it comaes back down to where it should be, but what do I know
then again, whats currency to you hold????? the situation seems to suck everywhere!!!
10-08-2008, 02:11 PM
#34
Rennlist Member
It is my personnal opinion, and in a debate form not a challenge
In general and in particular today, the europeen union is well off than the US financially.
In the EU, recession is primarily because of the huge rise in necessity costs and slightly because of subprimes.
In the US, Both subprimes and cost of necessities, oil, metals, etc hit their MAX on the US economy.
The US govt' approved the Bln 700 bail-out, this means in simple form:
The US govt is going to issue govt' bonds and sell those bonds.
Around HALF of these bonds will normally be bought by international org's and gov', France, UK, china germany etc, so we are talking about 350 BILLION dollars.
To purchase these govies' , the international purchasers have to buy those with dollars.
The US tender offers will be spanned on a two year time span approximately.
So I would buy dollars for this period.
Else than that, the US banks, institutions, funds, etc, usually had their eggs in two baskets, US and EU.
After the shock we are witnessing, US institutions have to go short of their holdings in EU grab the money and run. Speculators bet on those short intentions, that the US companies would be changing their cash in the EU, to rebeef their companies with US dollars.
Today, the US issued 40 Billion and counting.....
In general and in particular today, the europeen union is well off than the US financially.
In the EU, recession is primarily because of the huge rise in necessity costs and slightly because of subprimes.
In the US, Both subprimes and cost of necessities, oil, metals, etc hit their MAX on the US economy.
The US govt' approved the Bln 700 bail-out, this means in simple form:
The US govt is going to issue govt' bonds and sell those bonds.
Around HALF of these bonds will normally be bought by international org's and gov', France, UK, china germany etc, so we are talking about 350 BILLION dollars.
To purchase these govies' , the international purchasers have to buy those with dollars.
The US tender offers will be spanned on a two year time span approximately.
So I would buy dollars for this period.
Else than that, the US banks, institutions, funds, etc, usually had their eggs in two baskets, US and EU.
After the shock we are witnessing, US institutions have to go short of their holdings in EU grab the money and run. Speculators bet on those short intentions, that the US companies would be changing their cash in the EU, to rebeef their companies with US dollars.
Today, the US issued 40 Billion and counting.....
Last edited by geolab; 10-08-2008 at 03:26 PM.
10-22-2008, 11:14 AM
#35
Rennlist Member
Dollar gained 6% since the post above, today 1.2828 trading
