As 2009 arrived, the second year of the recession, everyone should be careful how the situation change in order to protect yourself whether you play stock market or not. For doing that, you have to properly monitor the market. A lot of uncertainties laid ahead, I can’t predict the short-term movements of the stock [...]
$700B bailout isn’t even enough to stablize the financial sector now Treasury wants to fund outside of financial sector as well, this is just getting worse, situation is already out of control, this news will definitely send DOW to hell today.
TREASURY TO OFFER FURTHER FUNDS TO BANKS, CONSIDER CAPITALIZATIONS OUTSIDE FINANCE SECTOR
WASHINGTON (MarketWatch) — [...]
By Candice Zachariahs
Nov. 7 (Bloomberg) — Investors should sell Australia’s currency against the U.S. dollar because it may lose 29 percent as it slumps toward a record amid a global recession, Morgan Stanley said.
The Australian dollar, which dropped 27 percent in the past three months, may decline toward its April 2001 low of 47.75 U.S. [...]
The funny thing about this is, by kicking out all the companies I recommended they kick out a year ago (AIG, GM, F, C, BAC) AFTER they drop to near zero, they keep the Dow vulnerable to further losses. It becomes a rotating equity flushing vortex.
Also more layoffs coming on the way…
Automaker failure could [...]
The “Federal Strawberry Reserve” would immediately spring to action–a cartel of the 12 largest Strawberry producers. They would corner the currency market and threaten lawmakers with the possibility of no Strawberries, and that could shut down trade and potentially ruin the economy. Unless… the government partners with ONLY them, to ensure the free flow of [...]
I confess to still trying to get the hang of this market. But that won’t stop me from continuing to guess, as foolish as that may sound. Twice now recently, when there has been a deep downturn, in the low 8,000s for the Dow, the bulls have found an excuse to jump back in for [...]
By Stanley White
Oct. 29 (Bloomberg) — The dollar fell for a second day against the euro on bets the Federal Reserve will lower interest rates by as much as three quarters of a percentage point today.
The U.S. currency also declined against the yen and the British pound on speculation the central bank will [...]
Iceland’s currency collapsed after the government was forced to take control of the country’s largest banks after the institutions were unable to obtain short-term funding. The nation’s economy is expected to contract sharply as it deals with the aftermath of the crisis.
The conditions of the IMF package “presumably included decisive action to support the currency, [...]
The bigger hedgefunds are in a positions where they have to sell at any price. They would try to sell their stocks or anything else, but there are only buyers in gold.
I know there are many people on this forum that listen to and respect Peter Schiff.
He’s been very accurate so far in regards [...]
1. Under normal conditions when FED lower rate, more carry trade will UNWIND toward JAPAN, which sourced all World carry trades by interest differentials between FED and Central Bank of Japan
2. As they already knew a DRASTIC CUT by FED,and its effect on YEN which may mean sending YEN to USD/YEN 0.80 or EVEN BELOW [...]
The crisis in Hungary recalls the heady days of the UK’s expulsion from the ERM.
By Ambrose Evans-Pritchard
Last Updated: 10:52AM GMT 26 Oct 2008
The financial crisis spreading like wildfire across the former Soviet bloc threatens to set off a second and more dangerous banking crisis in Western Europe, tipping the whole Continent into a fully-fledged economic [...]
BOSTON (MarketWatch) — Standard & Poor’s Chief Investment Strategist Sam Stovall
in a research note Friday said he sees the S&P 500 Index bottoming at 700. The
blue-chip index was off 3% on Friday to about 880 in recent action. “The equity
markets are selling with abandon, worried that a global slowdown will turn into a
worldwide recession or [...]
The banking and currency systems were ridden hard for years with many reflations blowing the balloons until they burst. This has been the big one. Governments have pulled all stops with this one and it really looks like they are panicking. I say panic because of the call for Bretton Woods II. If this current [...]
1. 70% of our GDP is based on tapping credit and spending money we dont have…but now we will go through the greatest tightening of credit since the great depression…this is a fact…when the bankers are hanging on for dear life you really think they will float the subprimes/alt-A’s to the level we saw just [...]
Many global banks are buying up gold as quickly as possible. But why? Yes, you need to have sound reserves so that you don’t go bankrupt.
However, many of these are central banks OUTSIDE the US.
Now why do that?
Well I think what we are going to see is a move to end the [...]
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