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10-14-2008, 01:21 AM
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Senior Member
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Join Date: Jun 2007
1,413 posts, read 990,826 times
Reputation: 540
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Asian markets erecting hard
In trading we don't have time to ask why in a fast moving market. It's after the trade that we ask why so we might learn from it. Huge gain on Monday! According to most news source, investor confidence is restored because of the government bailout, excuse me, rescue plan. But we have heard this before and it didn't work. Why does it work now? I think it has something to do with the US government buying stakes in bank. Now if you are a seller, there is no better buyer than the US government with its printing press and taxpayers money. I believe there are traders and investors who believe that the US government will step in and buy stocks from them in the future. I wonder if some of them missed the fact that Uncle Sam will be buying preferred stocks, which have nothing to do with common stocks.
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10-14-2008, 02:03 AM
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Senior Member
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Join Date: Sep 2006
2,198 posts, read 1,624,931 times
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I have the sense that stock markets worldwide are reacting to the coordinated set of measures designed, most of all, to avert a depression.
To be sure, we still have a sharp recession to deal with and there is every chance that stock markets will drift lower over the next six months to two years or who knows how long.
Look, we are fooling ourselves if we believe that we live in a free market environment; we have been and will continue to live in a hodgepodge of free markets, manipulated markets, and various forms of socialism, and globalization in this muddled framework is set to deepen, not necessarily accelerate, but deepen.
Now, short of a totalitarian regime, we are all more or less free to arrange our affairs and place our bets in this environment, in part according to one's skills and in part according to the hand that is dealt, both by nature and the social environment.
Good luck!
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10-14-2008, 02:10 AM
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Senior Member
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Join Date: Sep 2007
Location: San Diego/Chula Vista
730 posts, read 668,045 times
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what's with the title? erecting hard? wow! ok. lol.
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10-14-2008, 02:47 AM
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Senior Member
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Join Date: Sep 2006
2,198 posts, read 1,624,931 times
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Quote:
Originally Posted by SouthCali4LifeSD
what's with the title? erecting hard? wow! ok. lol.
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Actually it's quite appropriate if you imagine the latest measures as a surge of vital blood injected into the world financial organ. |
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10-14-2008, 08:30 AM
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Senior Member
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Join Date: Feb 2008
Location: US
1,151 posts, read 673,080 times
Reputation: 578
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Quote:
Originally Posted by bale002
Actually it's quite appropriate if you imagine the latest measures as a surge of vital blood injected into the world financial organ.
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But it can't stay propped up forever, it has to come down eventually. |
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10-14-2008, 09:12 AM
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does not swim unless there's a waterpark involved
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Join Date: Mar 2008
Location: Seattle -> San Antonio
2,325 posts, read 1,247,558 times
Reputation: 746
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Quote:
Originally Posted by southcali4lifesd
what's with the title? Erecting hard? Wow! Ok. Lol.
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verah nice! |
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10-14-2008, 09:16 AM
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Senior Member
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Join Date: Dec 2007
523 posts, read 410,358 times
Reputation: 110
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Expect it to go limp again after this big explosion is over.
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10-14-2008, 09:54 AM
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Senior Member
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Join Date: Jun 2007
1,413 posts, read 990,826 times
Reputation: 540
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Quote:
Originally Posted by SouthCali4LifeSD
what's with the title? erecting hard? wow! ok. lol.
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Hopefully the thread title didn't offend anyone. I borrowed the language from the movie "Kate & Leopold". In this movie, a character time traveled to the past when language usage was different. |
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10-14-2008, 09:59 AM
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Senior Member
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Join Date: Sep 2007
Location: San Diego/Chula Vista
730 posts, read 668,045 times
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some responses in here left me busting up laughing!
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10-15-2008, 08:29 AM
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Senior Member
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Join Date: Jun 2008
638 posts, read 303,296 times
Reputation: 321
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If it lasts over 4 hours you are supposed to call a doctor !!!
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