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Originally posted by 44soulslayer
The crash at the moment is the result of irrational selling off. There will be a massive realisation in the next couple of days that there has been an over correction.
I think there has been a negative bubble, which is about to burst and rally markets.
Im not just betting my reputation upon it, I'm also going to buy RBS shares today. (Thats said, I lost a bit when I said the same thing about Lehman so I may well be wrong!).
Originally posted by Relentless
and contrary to popular belief - I am a woman, and those are my eyes -
OFF TOPIC - you have pretty eyes. I'm a girl too. Most people here tell me to 'man up' and they think I'm a guy. (probably my gruff attitude). But I'm a girl. Married. Etc.
Originally posted by iggster
reply to post by TH3ON3
I believe our suspend point is 10%. So tomorrow 10% would equal a 857 point drop. I believe from what I have read. I do not trade in the stock market so if anyone could verify my info it would be appreciated!
Originally posted by cosmicpixie
I've been keeping on top of the economic events unfolding for a couple of weeks now. I check ATS daily and woke today to an alarming number of significant , serious threads and I am quite stunned by what's happening. I am not a panicky woman but I really do think it makes sense now to "be prepared" for a worse -case scenario and stock up on food and other essentials. Think of it as shopping ahead for a few months, if you rotate the stock you pile up, nothing wastes, you just replace it as you go along while always ensuring you have a good few months worth to fall back on. If the crap does not well and truly hit the fan, well nothing is lost by having some extra food stocks, but if it DOES totally meltdown and you have no supplies you are very vulnerable.
It's the people that have not prepared that will start the riots and cause most of the trouble. I would also agree with safeguarding ones savings somehow - if the bank you use goes under all your money is stuck for a long time until refunded at some later time by the government. It's all well and good saying bank runs are exacerbating the problems but I'm sorry, why on earth in this climate would I want my ONLY remaining cash floating vulnerably in cyber space. I have a child to feed and rent to pay and cannot AFFORD to risk losing the money I do have !!!
By the way, are GOLD COINS a good bet ? My son was bought some by his grandfather, approx £2k worth. What use, if any, will these be in the event of cash flow becoming a problem...??
The Center for Responsive Politics, a Washington nonprofit group that studies money and politics, reports that on average, lawmakers who voted in favor of the bailout bill have received 51 percent more in campaign contributions from sources in the finance, insurance and real estate industries — or FIRE industries, for short — over their congressional careers than those who opposed the emergency legislation. The legislation is of vital interest to Wall Street firms and banks, many of which would like to use the program to offload noxious mortgage-related assets. The FIRE industries — or, more specifically, individuals and political action committees associated with them — have been the top source of campaign contributions in federal politics, the group said, giving more than $2 billion to federal candidates and political parties since 1989.
authorities are considering radical new measures to shore up ailing financial markets, including guaranteeing billions in bank debt and insuring all U.S. bank deposits for a temporary period, according to a report Friday in The Wall Street Journal's online edition. The moves, if implemented, would mark the government's most extensive intervention in the financial system, the Journal reported, citing unidentified people familiar with the situation. See full Journal story.
I surely hope you're right.
But I foresee, through a great deal of research, the breakdown of transportation (fuel is bought on credit - short term credit, as in "Fill 'er up and send me the bill," so if credit freezes, no fuel), and if transportation breaks down, so does the food distribution network.
And if the food distribution network falls, cities will be greatly affected. And we may see riots, and if we see riots, we will see Martial Law...which the current Prez wants, as that will be a marvelous excuse to suspend elections (he wrote up something in March that gives him that "authority").
So... If all THAT happens, we can expect Martial Law and fascism for a long while.
And I may not have the opportunity to see anyone, including my daughter - who is in San Diego and may starve to death...
I keep hoping that none of this I see will go down, but then, I kept hoping that 9/11 was not going to result in the things written into the "Patriot" Act (as I suspected it was an inside job from day one) during that first month and a halfish afterwards and I did not see huge efforts to "git 'er done." I did not realize they had that act in the wings and were waiting just long enough...
Of course, a 900+ page piece of legislation doesn't get written, debated, edited, debated, and finalized in less than two months (nor should it be hidden from the People in the process). More like 2 to 5 years. So it was waiting in the wings to rob us of many of the principles this country was founded on.
And Executive Orders and all that further erode our founding documents...
So... I saw the outcome then (if not the specific means), and again, I am seeing something VERY bleak.
May something happen to shift the timeline.