How about that Dow

[Heavy Metal Hero]

Why thank you, oh Captain Obvious.

[stuartwood89]

Ugh...


You're welcome, Captain Sarcasm.

[Heavy Metal Hero]

No problem, Monseuir Rebuttal!

[ranatalus]

ps. this isn't fb so you guys might want to stop spamming up the place

[DeusExMachina]

Visa's earnings report will be released on Oct 29th. It does include the earnings from the Chinese Olympics which VISA did provide a large sponsorship for and in return got a large market exposure during the event. I do perceive a positive outlook but the growth maybe watered down by the crappy economy in general. I will not be trying to "catch the wave" here however. I don't feel the benefit is worth the risk. Just my 0.03

[Blackraven]

Apparently

The local currency here is at an 18 month low and the PHISIX level are onto its lowest in 26 years (and yet this was considered last year as Asia's fastest growing stock market).

Again, there seem to be many causes for this yet I found it interesting to see:

Alan Greenspan on that list of causes and factors.

I was surprised at first cause I first thought that the crisis was fed by the negative aspects of globalization as well an overly increased demand for loans.

But when I continued reading further, I realized that it was indeed possible.

Well they do have a point. He seems to act like a "chief speculator" and you can tell cause whenever he makes comments, there is always global market reaction.

Mainly because of (if I read it right) the issue regarding his stance on the regulation of financial derivatives.

Derivative (finance - Wikipedia, the free encyclopedia)

And thus, may economists and finance experts now see him as the "architect" of this whole global financial crisis we are seeing now.

Just pointing it out.

Originally Posted by fornicate forum boredom

Why thank you, oh Captain Obvious.

Err....

Why the fucking hell would you waste your time posting this kind of crap?

Hayzz....

As usual, you continue to attempt to bring me down even more by each passing day.

Indeed:
There is definitely no need to thank you on this one Captain Asshole.

[Beer Can]

Originally Posted by Blackraven

Apparently the local currency here is at an 18 month low and the PHISIX level are onto its lowest in 26 years (and yet this was considered last year as Asia's fastest growing stock market). Again, there seem to be many causes for this yet I found it interesting to see: Alan Greenspan on that list of causes and factors. I was surprised at first cause I first thought that the crisis was fed by the negative aspects of globalization as well an overly increased demand for loans. But when I continued reading further, I realized that it was indeed possible. Well they do have a point. He seems to act like a "chief speculator" and you can tell cause whenever he makes comments, there is always global market reaction. Mainly because of (if I read it right) the issue regarding his stance on the regulation of financial derivatives.

Derivative (finance) - Wikipedia, the free encyclopedia)

And thus, may economists and finance experts now see him as the "architect" of this whole global financial crisis we are seeing now.

Just pointing it out.

Err.... Why the fucking hell would you waste your time posting this kind of crap? Hayzz.... As usual, you (and Ribos included) continue to attempt to bring me down even more by each passing day. Indeed: There is definitely no need to thank you on this one Captain Asshole.

God damn were all those carriage returns necessary?

He posted that "crap" to point out the fact that you were making a post with a lot of words and content that was, as indicated, quite obvious. Restating what people had just said is by no means a constructive post.

Also, I'd like to point out that, once again, your above post is quite useless to the conversation, although it borders on usefulness. You fail to mention WHAT Greenspan says that has you thinking. In fact, I can't tell if you're blaming Greenspan or praising him. What was indeed possible? I have no idea what you're trying to say here, but it seems just like a regurgitation of what someone else said. Once again. So please, try to make an effort to accurately convey your thoughts.

[Blackraven]

Originally Posted by Ribos

Also, I'd like to point out that, once again, your above post is quite useless to the conversation, although it borders on usefulness. You fail to mention WHAT Greenspan says that has you thinking. In fact, I can't tell if you're blaming Greenspan or praising him. What was indeed possible? I have no idea what you're trying to say here, but it seems just like a regurgitation of what someone else said. Once again. So please, try to make an effort to accurately convey your thoughts.

Fortunately for you, you do have a point.

So yeah, I do admit that I wasn't incomplete in stating my reasons for it.

So, I do acknowledge that I'd have to give you credit this time.

Anyways

I do admit that not everything seems clear to me just yet.

Again I'm not an economist/financier but I'm just an ordinary person. However, I am curious to read and understand as much as I can about this global financial crisis and how it affects me and billions of people out there.

Now as to why I mentioned Greenspan which I forgot to clearly state earlier (thank you Ribos this time).

I'm not really sure myself but it appears that (and I myself often notice) whenever Greenspan mentions about a possible economic downturn, markets and stocks go down.

He's not the chairman of the Federal Reserve anymore yet it appears that whatever he says often gives an impact to economies.

Which makes me think: Does whatever stuff comes out of people's mouths now are capable of affecting economies?

Also

There were many economists and businessmen (that includes Warren Buffett) who often pointed the finger at Greenspan in how he is an engineer of this whole scheme.

This stemming from the way he meddled with interest rates (which are like the double-edged sword of financial instruments)........though correct me if I'm wrong.

In any case, I'm still trying to gain as much info and knowledge as well as understanding on these issues.

All right then, if there are any things that need to be corrected or if there are things that needed to be explained to me, then alright.

Please do correct any of my statements then.

P.S.: And sorry for my attitude a while ago.

I knew I shouldn't have typed this message (while my blood pressure was still above 140)

My bad on that one

[ranatalus]

ok seriously quit with the jabs or infractions are coming

more on topic, less smarmy fighting

[dat shit cray]

Originally Posted by Blackraven

He's not the chairman of the Federal Reserve anymore yet it appears that whatever he says often gives an impact to economies.

Which makes me think: Does whatever stuff comes out of people's mouths now are capable of affecting economies?

It's enough to cause uncertainty, which then leads to panic. To answer your question, yes. There is somewhat of an effect that economists have in making their predictions.

Originally Posted by Blackraven

This stemming from the way he meddled with interest rates (which are like the double-edged sword of financial instruments)........though correct me if I'm wrong.

Some people blame Greenspan for keeping interest rates at 1% for nearly a year from 2003 to 2004. Whenever interest rates are low for an extended period of time, especially as low as 1%, inflation can become a problem. Generally, low interest rates are used to help restart a sputtering economy, as easy credit is available with such low rates. Seeing as credit is the basis of our economic woes at this point in time, people may have a point in pointing their fingers at Greenspan, but I don't think that he's to blame. Interest rates are modified based on a dual mandate- price stability and economic growth. When one problem becomes more apparent (low growth in Greenspan's case), the rates are modified accordingly.

As far as "double-edged sword" goes, not so much. Interest rate manipulation is far from a science, but there are ways to utilize it effectively without much in the way of side effects. Knowing when to start and stop lowering or raising rates is a huge thing, and is a very effective tool to curb inflation, and to a lesser degree, spur growth.

[Ashura96]

Yeah, so today the DOW closed over a certain number that we've heard a billion fucking times, so yeah. Maybe things are getting back to normal now.

[kimcicle]

Originally Posted by Ashura96

Yeah, so today the DOW closed over a certain number that we've heard a billion fucking times, so yeah. Maybe things are getting back to normal now.

HAHAHAHHAAHAAAAHAHHAHA


HAHAHAHHAAAAAA


HAHAHA

"normal"


HAHAHAHHAHAHAHAHAHHAHAAAHAHAHAHA.

[dat shit cray]

Originally Posted by Ashura96

Yeah, so today the DOW closed over a certain number that we've heard a billion fucking times, so yeah. Maybe things are getting back to normal now.

hint:

the dow is volatile and is not the sole indicator of our economic situation.

[DeusExMachina]

Im still going to wait for another 3 or 4 months before getting back in. Usually after New years theres a drop.

[N.T.M.]

Originally Posted by Phil ver0

Dow falls below 10,000

Dow hit 9800 42 minutes ago. Are we officially fucked?

yes *lengthening comment.................*