2011-09-25, 22:20 | Link #16804 |
YOU EEDIOT!!!
Join Date: Apr 2009
Location: I'm right behind you
Age: 41
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On a more positive note, ANA is about to receive the first delivery of the Boeing 787.
I toured the Boeing factory in Washington state a couple weeks ago (my brother actually works almost across the street for a company producing framework for the aircraft industry), and got to see the first one getting prepped for delivery, with the ANA livery already painted on. |
2011-09-26, 03:24 | Link #16805 | |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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2011-09-26, 06:40 | Link #16806 |
books-eater youkai
Join Date: Dec 2007
Location: Betweem wisdom and insanity
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Leaderless Iranian opposition seen lacking strategy
http://www.reuters.com/article/2011/...78O1B120110925 The previous repressions look like a success for Ahmadinejad...
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2011-09-26, 11:09 | Link #16809 | ||
Moving in circles
Join Date: Apr 2006
Location: Singapore
Age: 49
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Asian shares tumble as Europe fears deepen My portfolio has fallen a further 6 percentage points since last Thursday, for a total 10 per cent loss in just one weekend. It looks like the first half of August all over again. Stock-market panic has become so common that it's hardly news any more. The bigger question now appears to be whether this latest sharp decline is the harbinger of a prolonged recession in the year to come. |
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2011-09-26, 11:36 | Link #16810 | |
Asuki-tan Kairin ↓
Join Date: Feb 2004
Location: Fürth (GER)
Age: 43
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Actually if my company shares' price stays down at the end of this year, I will get more shares for my money, which is a good thing. ^-^
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2011-09-26, 11:58 | Link #16812 |
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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Nobody knows where the bottom is. I am holding my breath for this one.....probably not going to go in anytime soon.
If it doesn't recover by January next year, we are going for the second dip. At then somewhere in July or August, you will start to see many companies disappearing by the pound as they get absorbed by their bigger rivals.
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2011-09-26, 12:26 | Link #16814 |
Gamilas Falls
Join Date: Feb 2008
Location: Republic of California
Age: 46
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And for those companies that will survive...if the company falls, the stocks are worth nothing.
But that should only happen if this turns into a real Depression...1920-30s style.
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2011-09-26, 12:41 | Link #16815 |
Obey the Darkly Cute ...
Author
Join Date: Dec 2005
Location: On the whole, I'd rather be in Kyoto ...
Age: 66
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Frankly, I blame a LOT of the wild shifts on the software algorithms the big investors use for their micro-second transactions. A lot of them are using the same damned software tweaked the same way -- natural result is a massive magnification of what should be minor bumps.
The people whom these stock falls *really* hurt are those who were about to retire - people about 10 years older than me. My aunt and uncle are in their early 60s and their dutifully constructed nest egg has been eviscerated (about 50% of its pre-2007 value). The result is neither can retire for the foreseeable future (which these days... its hard to plan more than six months ahead).
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2011-09-26, 12:44 | Link #16816 | |
Not Enough Sleep
Join Date: Nov 2003
Location: R'lyeh
Age: 48
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2011-09-26, 13:37 | Link #16817 |
Obey the Darkly Cute ...
Author
Join Date: Dec 2005
Location: On the whole, I'd rather be in Kyoto ...
Age: 66
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They did -> mutual funds that were advertised as "safer" (blue chip, etc). The safest zones these days (CDs, municipal bonds) make no interest at all and actually depreciate against inflation - most of them require long term lock downs (5yrs or more). They were in the process of sliding funds over but seriously, the crash was that sudden and most people in their boat thought it was a short term problem at best -- once it started cascading the small investor was "stuck for the ride".
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2011-09-26, 19:06 | Link #16818 | ||
NYAAAAHAAANNNNN~
Join Date: Nov 2007
Age: 35
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Most fund managers aren't asleep at the wheel, they are just unsure of what would happen next due to the economic climate in the US right now. Also, managing such a large amount of money means that they have a responsibility to society, not just their clients; they can't dump their shares at a whim just because it is losing money, unlike traders. And I have seen how younger and "more adaptive" fund managers work nowadays. Given the advent of technology, they are rushing to put money from one table to another. The older investors would simply just wait everything out patiently, though these sages don't have much longer to live (kinda ironic that they made so much money, yet splurge on feasts and wine and smokes till they get all sorts of cancer without having the time to pass on their wisdom to the next generation). "Adapting to the environment" is a stupid thing to do. It is only for lower end employees who have to suck up to their bosses; don't these fund managers have their own philosophy and set of values to follow? P.S What I have suspected is that all the fund managers are dropping their money into ETFs, which so bloody diluted right now that after the managers get their payout, there is much less money left for the fund owners. EDIT : And an article is written about it. If people really took the author's word for it, Xellos would be rich.
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Last edited by SaintessHeart; 2011-09-26 at 19:19. |
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2011-09-26, 22:18 | Link #16820 |
Knight Errant
Join Date: Dec 2007
Location: Dublin, Ireland
Age: 35
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Rather then buying all these exotic mutual funds and whatnot, why not just buy stock in a relatively stable company, say, Coka Cola. Even if Coke's stock price takes a day to day tumble, it's not going to change the fact that at it's core Coke is a pretty profitable business, Coke isn't going to go out of business tomorrow.
There's a whole host of companies that are similiarly stable, you just have to make sure you're buying them at the right price. With market being what it is, I bet you could get stocks in those kind of companies for a steal. |
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current affairs, discussion, international |
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