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The Real Crash - 30% Of Worlds Hedge Funds to Collapse Market Braced for "Sheer Panic" Monday

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posted on Oct, 26 2008 @ 06:42 PM
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As near as I can tell, the reason the Hedge Funds are unwinding is not because of some incompitent management, it's because they keep getting margin calls because the market is declining and redemptions are going throught the roof, so they have to sell (unwind) their positions in order to raise cash for both.

Vicious, vicious perpetual circle.




posted on Oct, 26 2008 @ 07:10 PM
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As soon as prices get low enough, I'm going to buy, buy, buy. All my money in the market is a sunk cost; so why not add while everything is cheap? If everyone is selling, I'll be buying. I'll be the one that is profiting on everyones fears.

When things settle down, which they will but it might take some time, I'll be sitting on quite a bit of stocks that I normally wouldn't be able to buy. If you sell, you just add to the problem. There will always be someone buying.

If I lose all my money, so what no big deal; I'll just get right back up and buy again. Sucks but thats the market for you-a gamble. If you don't want that risk, don't get in.



posted on Oct, 26 2008 @ 07:22 PM
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Originally posted by leo123
As near as I can tell, the reason the Hedge Funds are unwinding is not because of some incompitent management, it's because they keep getting margin calls because the market is declining and redemptions are going throught the roof, so they have to sell (unwind) their positions in order to raise cash for both.

Vicious, vicious perpetual circle.

Once again: Hedge funds managers woo the rich customers by saying that they can make money on the price of shares going down. Now there has been so much volatility in the market that is virtually impossible not to make money -- unless the guys who boast their market skills are certified imbeciles who use fancy formulas thought up by someone else who does understand them, but the hedge fund managers don't. They just use them not knowing the weakness of this strategy. Indiscriminate application = idiocy.



posted on Oct, 26 2008 @ 07:27 PM
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Originally posted by ChrisJr03
As soon as prices get low enough, I'm going to buy, buy, buy. All my money in the market is a sunk cost; so why not add while everything is cheap? If everyone is selling, I'll be buying. I'll be the one that is profiting on everyones fears.

When things settle down, which they will but it might take some time, I'll be sitting on quite a bit of stocks that I normally wouldn't be able to buy. If you sell, you just add to the problem. There will always be someone buying.

If I lose all my money, so what no big deal; I'll just get right back up and buy again. Sucks but thats the market for you-a gamble. If you don't want that risk, don't get in.


I think you're correct on the "buy low" mentality. Just as long as you research which stocks/companies you are interested in, avoiding those that may tank entirely, you can make a bundle.

JP Morgan recently provided their top 16 stocks that are "recession-proof." Proctor & Gamble and similar companies made the list since people will always need their products.

But buying stock merely because it is low is not good strategy. This is a different Wall St. now. The traditional rules just don't apply.



posted on Oct, 26 2008 @ 07:32 PM
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Originally posted by Trayen11

I mean isn't everyone just getting a little tired of "the sky is falling" routine we have been hearing for the last month and a half.


Well, in case you havent been watching, the sky IS falling. Or at least the markets and some banks are. Including a whole small first world country's economy, Iceland.



Originally posted by Trayen11
I guess my biggest question is this. What makes this claim and more correct than the others? Why is it i should take this claim as serious when the 50 or so other predicted collapses have not happened?

I guess im just getting a bit tired everyone teeling us everything is about to go to hell, and scare the crap out of everyone and then nothing happens.


There is a crash occurring. We are in the middle of it. Where are you getting this "nothing happens" bit? Because there arent riots in the street?

This new stuff about hedge funds is just another possible (likely) domino. We care because it will have knock on effects that will ripple through the economy and cause a lot of us a lot of trouble. You dont have to take it seriously. I dont think anyone is saying you must. There are some of us who care, because we have stuff to lose, and because we would like to know that the money we have isnt going to be worthless paper in a week, month or sometime next year.

Just dont read these kinds of threads if you dont want to hear whats going on, or likely to be going on, in the financial world. I am sure there are some great threads out there about "I saw a vampire last night in my toilet bowl" that will cheer you right up.



[edit on 26-10-2008 by Illusionsaregrander]



posted on Oct, 26 2008 @ 07:59 PM
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Originally posted by Trayen11
So I have a honest question here. So when this doesn't come to fruition tomorrow and things just drop a like it has been, What are we going to claim to be the next big thing according to everyone.
>snip
So please someone tell me what makes this prediction the one that's going to come true, and not just another failed claim like the last 50 or so i've seen.

[edit on 10/26/0808 by Trayen11]


Things just drop?

Im sorry Trayen, no disrespect but do you live in the same world as most of us?

Without checking the end of Friday's trading etc, the middle of last week 70% of the pensions of all American people had dropped in value, that is what or WORSE when they can claim their 401k massively.

Most 401k now are worth 34% less than 2 months ago!

Pretty major thing if you ask me?

Trust me the good people who have worked all there lives and are 60 or 65 now and are expecting to retire next year will have more than $30 in each $100 less income than they expected.

That is 1/3 of there entire income for the rest of their lives has gone.

Many 65 year olds will not be able to cash in their 401k as they cant now afford to, so they will have to work for an extra 5 or 10 years of their lives, oh with much higher taxes too!

Pensioners that is my friend, having to work way past 70.

But the jobs are going, lots of keen young things out there who will work for less now, as they have lost their jobs in GM, Wall St, banks etc, those honest hard working elders will in some cases not be retiring or working but claiming food stamps, depending on the spread of their 401k

Trust me The Sky has fallen in on their lives totally.

Talking about the Sky, many being made homeless through inability to refinance or loss of jobs will actually be sleeping under the stars soon, some are now tonight.

Their sky has definately fallen in on them and they have no roof to protect them.

Take a good look at the main FED thread on here now, do you actually realise the magnitude of the bailout? what it will mean for all taxpayers and workers for the rest of their lives?

Britain some 6 months ago finished its last payment to the USA for the money lent, or more rightly Tanks, Planes and bullets sold to us by the USA during the last World War.

That's 63 years of payments to the US. Many children born during and after that war worked a set number of hours per week to pay taxes to pay this debt, and died before it was paid off.

The Point is Britain now after our banking bailout is more indebted than it was AFTER WORLD WAR 2.

Children born today in Britain, will work each day part of their time to pay this debt, and die before the country has paid for it.

Those Children born today had nothing to do with with 120% mortgages, hedges, Flip and sell mentality but for generations to come they will have to give their lives in part to pay this off, AND THEIR CHILDREN TO!

Pretty much for me that's the sky falling in for the next couple of generations of British people.

America is close to bankruptcy and an event like a Hedge Fund huge sell off, and what do you think is going to happen, they are not going to liquidate their funds?

Why, how not?
Since when do people allow all of their investments to be worth 50-60% of what they cost, KNOW THAT THEY WILL FALL FURTHER and maybe become worthless, like the $2bn Fund in my opening posts, do you think they will just sit by , and say hey its ok we don't need the money anyway, and our clients are not worried that their Millions they each invested is worth $100 in 2 months time?

That's not a planet I am aware of I am afraid?

Is it in our solar system?

or an alternative reality we are not privy to here?

Countries are going Bankrupt, councils in the UK don't have the money to pay for doctors and nurses and refuse collection due to those bankrupted governments.

Trust me for the person needing that ambulance, or nurse at home, or operation the sky is truly falling in on them. People will likely die in huge numbers over this as it escalates.

The USA has printed hundreds of millions of $ that have no real value.

That cant be redeemed for anything tangible in return from the government.

This will mean though not immediately that each $ in the world will become worth, less, and less, and less,

Hey google Zimbabwe now or Germany just before Hitler.

Its called Inflation and leads to hyperinflation, or even as worrying massive deflation if the output of the manufacturing base in America has been almost stopped for the last couple of months.

That would lead to aggressive buying of the $ in an attempt to regain losses on the stocks etc in currency deals.

Which when volatile could put the $at £1 one day and £ to $4 the next. which would create a run.

If which is my belief this triggers a real serious panic by the really big investors, countries will follow and if China calls in its $ reserves for something less volatile, maybe the Swiss franc or Euro (though Euro doubtfull) the implications ON THE ENTIRE WORLD as the only reserve currency being abandoned is not even worth trying to speculate, on a Numbers basis but the human experience would be as follows

Simple as the following
Soup Kitchens
Tented Cities
World War
Rising Crime Illness and Disease (including psychiatric, which would destabilise society)
Marshall Law Looting Rioting

Honestly my friend if you think this is just a little dip, and that "normality" will resume in a couple of months, well you have been uninformed, are paid to spread such spin or maybe are in denial.

Im curious though as asked above why would these clients and investors hold on to bits of paper in a Fund that is just loosing value every day, would you flush the toilet if you dropped a $100 bill down the toilet?

Of course not, you would get your hands dirty to get that $100 back no?

If the hedge Fund Managers DO NOT LIQUIDATE as my sources show they are likely to soon, what they have left will be worth nothing at all soon, or just $1.

Now would you get the $1 out of the toilet?
no many wouldn't, which is why the markets have fallen to where they are now, those left in it are day traders quick buck types, hey you invest $100 last year its worth $1 dollar now, get it or hope it rises again?

Many who have lost the most are soo hit by this it's worth them staying in hoping on rises soon, as its value is small after fees to turn it into cash.

These hedge Funds have Millions and Millions for each investor, the redemptions are coming up and cant be paid, to believe they are not going to sell and liquidate en masse is a bit naive my friend.

That's the Hedge Fund Managers Jobs, to make money for clients or protect what they have already.

If you want to come and Put $100 bills in my toilet trust me I wont flush them away, damn it times are hard as you have not noticed, so I will even get them from your toilet if you like?

Get my drift?

Its like saying the Sun is run by ice cream im afraid. Really stop watching fox,

Read History Depression's in the 1800's, the one in 1929.
The fall of Rome is interesting too, people started cutting off the gold around the coins, and eventually the coins were worth more scrap as gold than the Roman Currency (took 5 yrs back then no internet/! horses and stuff, 12 week march to England!).

The empire, as the USA, fell, its popularity, Foreign policy, Efficiency and output, and it was not built in a day but fell in one. all starting by people like today"perceiving" a weakness of the worlds largest superpower, and therefore realising the gold was worth more than any empire.

THERE IS NO GOLD AGAINST THE $ ANYMORE, it will be a lot quicker this time due to that and nature of modern quick life.

As posited initially this thread fits in nicely too with the FED thread they are complimentary, different feathers of the same bird, but as said originally this will be the real crash, not what we have seen so far.

Kind Regards

Elf

[edit on 26-10-2008 by MischeviousElf]



posted on Oct, 26 2008 @ 08:00 PM
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Originally posted by Illusionsaregrander

Originally posted by Trayen11

I mean isn't everyone just getting a little tired of "the sky is falling" routine we have been hearing for the last month and a half.


Well, in case you havent been watching, the sky IS falling. Or at least the markets and some banks are. Including a whole small first world country's economy, Iceland.



Originally posted by Trayen11
I guess my biggest question is this. What makes this claim and more correct than the others? Why is it i should take this claim as serious when the 50 or so other predicted collapses have not happened?

I guess im just getting a bit tired everyone teeling us everything is about to go to hell, and scare the crap out of everyone and then nothing happens.


There is a crash occurring. We are in the middle of it. Where are you getting this "nothing happens" bit? Because there arent riots in the street?

This new stuff about hedge funds is just another possible (likely) domino. We care because it will have knock on effects that will ripple through the economy and cause a lot of us a lot of trouble. You dont have to take it seriously. I dont think anyone is saying you must. There are some of us who care, because we have stuff to lose, and because we would like to know that the money we have isnt going to be worthless paper in a week, month or sometime next year.

Just dont read these kinds of threads if you dont want to hear whats going on, or likely to be going on, in the financial world. I am sure there are some great threads out there about "I saw a vampire last night in my toilet bowl" that will cheer you right up.



[edit on 26-10-2008 by Illusionsaregrander]


First off, I never once said that things are not bad, But all we hear latley is for eveyone to grab as much food and weapons as possible and prepare for the worst of the worst. I know things are bad, hell I've watched my RRSP's drop 25% over the last 2 months. But on the other hand things are no worse market wise than the crashes in the 80's. Things got tough for a while but most of us got through it just fine.

And my comments are more along the lines of people that are predicting "riots in the streets" Everytime a new thread comes up about the market crash it always leads to the same conclusions here. Grab food and guns cause everything is going to hell.

I dont recall once mentioning that people dont care about the state of the financial system or the fact that we are going to be facing a deep recession. But to the effects of the world is going to be thrown into the stone age and people will be killing each other over food, water, and gasoline.....I'm sorry I dont just see it that way. Threads like these always end up leading to that conclusion and can cause people to do rash things like bank runs. Which in the end are only making things worse.

I am sure you do have things to lose and so do I. I dont recall stating that everything is going to be just fine? Did I? If i did please show me so i can fix it. All I was stating is the fact that the doom and gloom possibilities that are being stated in all these threads seem to be a little off base. But thats just my opinion. I fully expect some hard times ahead. Do I think it's going to cause mass riots and the end of everything as people here keep saying. No, not at all.

As for your last comment.....I find it hilarious that whenever someone tries to make a comment about things possibley not being as bad as people make them out to be or become that people love to throw little insulting jabs.....nice.

Allthough it did make me chuckle....a vampire in a toilet bowl...that pretty original.

How about this...show me some hard facts how things are going to go hell. Show me some pretty strong proof that life as we know it is coming to an end as people here are stating? Because if you read my post again, I'm sure you will see....that is what im commenting on. Bot the fact that things are bad right now, but how everyone claims that as a result the entire world is going to hell. Because all it does is scare alot of people and as i said countless threads latley have been about coming crashes and the resulting depression, army in the streets, riots, people killing each other over food water and gas.

Dont make assumptions that I dont care....I never stated that once.



posted on Oct, 26 2008 @ 08:00 PM
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Hedge funds are the primary vehicle for financial parasitism and in my opinion they artificially manufacture volatility, to increase arbitrage opportunities, and feast upon everyones confusion and fear.

As a general rule hedge funds justify their existence in the world of finance by claiming to provide liquidity to the market. They have extremely short holding periods compared to real investors and generate revenue by constantly trading and exploiting market imbalances; market imbalances they themselves may be responsible for creating. Arbitrage.

Hedge funds do to investing what pornography does to sex. If they all folded the world would instantly improve. The way I see it, investors would still invest, but they'd have to invest in a different, more commited way.

Because I believe in freedom of action, I wouldn't support banning hedge funds but when I saw that they were looking for Government bailout money along with banks I thought to myself, "that's the real crime that is going unnoticed and not talked about."

The Quantum Fund, owned by someone who's name I won't even write, is an good example of a hedge fund. A major hedge fund where the wealth it has generated for its owners over the last 40 years is used to finance revolutions, primarily in Eastern Europe, Central Asia and SubSaharn Africa. The owner of this fund calls what he does Philanthropy. Some of the places these revolutions took place in recent years...Ukraine and Georgia. The owner of this Hedge Fund may be contributing to one, probably both, of the Presidential candidates. I am not a gambling man, but I would bet money, $1, that the rebels that seized a base in Eastern Congo today were financed by the owner of a Hedge Fund.

Ukraine and Georgia are two places where the screams in the dark go unheard by most of the world and noone seems to draw the connection. Ukraine is negotiating with the IMF to be saved after its world imploded last month and Georgia is too pathetic to even describe in words.

So, if 30% of Hedge Funds collapse tomorrow, good riddance. What's the impact on the world...We will get to buy lots of different stocks at a deep discount. What will happen to the owners and investors of these Hedge Funds? They can go straight to Hell and be sodomized with an Iron rod.



I really like how Hedge Funds being forced to liquidate is spun to become my personal problem, as opposed to what it really represents. The liberation of lots of American corporations from parasites.

[edit on 26-10-2008 by bruxfain]

[edit on 26-10-2008 by bruxfain]

[edit on 26-10-2008 by bruxfain]



posted on Oct, 26 2008 @ 08:03 PM
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Originally posted by Trayen11
So please someone tell me what makes this prediction the one thats going to come true, and not just another failed claim like the last 50 or so i've seen.

[edit on 10/26/0808 by Trayen11]

You're asking a tough question to answer. The prediction is not defined well to say what is predicted to happen beyond "sheer panic" will "collapse the market." The only way this prediction can come true is when news headlines attach the word "collapse" to the market performance on Monday. I think the OP refers to the US market. But if NIKKEI tanks for some other reasons, the credit will be surely extended.

This prediction seems to have more steam to push things around, because hedge funds are oftentimes mentioned in specialized media. But there is no way to tell how much kinetic energy is available to induce "sheer panic" in one day.

This is funny: The market has lost some $16 trillion since September 1, 2008. How much money needs to be lost in one day to call Monday "the collapse day?"

Go figure. No one is talking about that.

I think hedge fund managers are danger to the financial stability of Milky Way . . .





[edit on 10/26/2008 by stander]



posted on Oct, 26 2008 @ 08:54 PM
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Originally posted by Trayen11

How about this...show me some hard facts how things are going to go hell. Show me some pretty strong proof that life as we know it is coming to an end as people here are stating? Because if you read my post again, I'm sure you will see....that is what im commenting on.


I read the whole thread again. I dont see what you are commenting on at all. (Well except me when I asked if the reason you didnt think this was a crisis was because there was no rioting in the streets.)

I dont see anyone in this thread talking about riots in the streets, buying up ammo, or any of that. People are talking about hedge funds mostly. If you want proof there will be rioting in the streets go ask someone who is posting on that.




Originally posted by Trayen11
Because all it does is scare alot of people and as i said countless threads latley have been about coming crashes and the resulting depression, army in the streets, riots, people killing each other over food water and gas.


Unless there is someone here ranting that I cannot read, (and I dont have anyone on ignore,) I am not seeing any of that going on in this thread. We are talking about a likely occurrence in the near future that will make things much, much worse. I am not saying it will not eventually lead to the above mentioned scenarios, but regardless whether or not actual rioting occurs, this is a huge tragedy for a LOT of people. Particularly our seniors. I will recover no matter how bad it gets for me. I have time on my side. Some of my neighbors could lose everything if it gets bad enough. Social security only gets you so far, many of them rely on their investments to make the bills each month.



posted on Oct, 26 2008 @ 09:10 PM
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Originally posted by JipStix
Jesus... I'm glad I went out and stocked up on food, as well as bought silver & gold. THANK YOU GUYS here on ATS if this does happen, because I'm now prepared for it because of you. Now I need to get my firearms license and a rifle so I can hunt if need be, if it gets that bad.

S&F too, great work and awesome thread!

[edit on 26-10-2008 by JipStix]




Pretty much sums up why I made my post, now i will compitulate that most of what being said in this thread is normal. For me I just felt like I should make my Post after i saw this one.

Pretty much all thread about the economy start off normal enough and then degrade into this type of post.

Look all im trying to say is people need to relax a little bit and realize that even though things are going to get pretty crappy for alot of people myself included, I dont see things falling apart and crumbling under our feets. Things are going to suck for sure but as for needing a gun to hunt your food.....I dont see things coming to this.

Take it how you will I guess, but then again isn't that why these forums are here? For everyone to comment and make thier views known?


[edit on 10/26/0808 by Trayen11]



posted on Oct, 26 2008 @ 09:47 PM
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I know for a fact that hedge funds made a killing with the market. Well many did. I see them going on just fine. They shorted the market pretty well. BTW.....Anybody posting this info know a hedge fund manager? Just curious.



posted on Oct, 26 2008 @ 09:53 PM
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Originally posted by Trayen11

Originally posted by JipStix
Jesus... I'm glad I went out and stocked up on food, as well as bought silver & gold. THANK YOU GUYS here on ATS if this does happen, because I'm now prepared for it because of you. Now I need to get my firearms license and a rifle so I can hunt if need be, if it gets that bad.

S&F too, great work and awesome thread!

[edit on 26-10-2008 by JipStix]




Pretty much sums up why I made my post *snip*


Point taken on that comment.


Originally posted by Trayen11
Look all im trying to say is people need to relax a little bit and realize that even though things are going to get pretty crappy for alot of people myself included, I dont see things falling apart and crumbling under our feets. Things are going to suck for sure but as for needing a gun to hunt your food.....I dont see things coming to this.


You know, I did not go out and buy a gun. But I already have two, so I didnt need to. It may or it may not get that bad. I see that there is potential for it to. I am much more concerned for the Constitution at this point than hunting, personally. I have a feeling this will be used to undermine it. However, the main point of this thread seemed to be to bring to our attention some breaking news on hedge funds. Which I had not read about prior to this thread and I was glad to read it.



Originally posted by Trayen11
Take it how you will I guess, but then again isn't that why these forums are here? For everyone to comment and make thier views known?


Very true, and you are absolutely entitled to your view, and to post it. If the gloom and doom threads are upsetting you, maybe it is time for a short break. I sometimes refuse to watch TV for a week or so for the very same reason, I just get saturated with whatever crap they are pushing.



posted on Oct, 26 2008 @ 09:55 PM
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reply to post by JipStix
 


You will definitely need a good varmint gun (like. 556 AR-15) and 12 or 20 gauge

shotgun (or all the above).

The shooting starts with "a waco like event every month" culminating

in civil war that will "affect everyone by 2010"

Don't wish for economic collapse, it will bring with it the seeds of war.

I would also recommend - right now - going online and finding non hybridized

seeds "for survival"; you need to grow your own when mre's run out.

and try to get somewhere away from all the entitled rich folks

who think because they have $20+ million you are going to still work for them.

ha, haaaa.

Funny how are dollars still work in 2036 though....



posted on Oct, 26 2008 @ 10:05 PM
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hedge funds going on just fine?

i do personal training at an upscale club in palm beach, and i love pickn the old timers brains and giving my side of the story, a few have son's that are hedge fund managers and this is definitely not a time they are going to be "doing just fine" as the last poster said.

Rubini says it's panic , THEN IT'S PANIC at hedge funds, to meet margin calls, you have to raise cash, so you sell assets (stocks)

The big question i have in all of this is what will happen with the dollar?

In case anyone hasn't noticed it has been surging for the last few months.

One reason for this is that all the leverage in the markets has been unwinding and basically that means that where-ever a large amount of investors have been borrowing money and going all in on certain postions i.e long oil.............. short dollar...........short yen........long euro........are being unwound violently and thus we see wild reversal's in the trends of the last couple years.

Seems the global financial panic may cause a flight to the "safety" of the world reserve currency. WE shall see what OPEC decides to do about getting half the $ from oil they were six months ago, there are wispers that a gold back gulf dinar may be in the works, who knows.

ONE KEY That needs to be addressed is finding to bailout the middle class's debt burden. Wall street is getting the bailout, now it's time for main street debt reduction, some how , some way. With the job market and consumer spending about ready to embark on a re-inforcing downward spiral banks will not be lending to people much going forward, we got problems, big problems. although should you have a secure job and live with in your means, so long as the dollar remains the world reserve currency you will be just fine, thank you very much. If not , we all got problems.

[edit on 26-10-2008 by cpdaman]



posted on Oct, 26 2008 @ 10:07 PM
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Originally posted by cpdaman


The big question i have in all of this is what will happen with the dollar?

In case anyone hasn't noticed it has been surging for the last few months.

[edit on 26-10-2008 by cpdaman]


Oct. 27 (Bloomberg) -- The yen climbed for a fifth day against the dollar as the risk of a global recession and an extended slump in the world's stock markets prompted investors to slash carry trades.

The currency also rose against the Australian and New Zealand dollars, two favorites of so-called carry trades, in which investors borrow in nations with low interest rates and buy higher-yielding assets elsewhere. The yen retreated from close to a 13-year high against the dollar on speculation central banks will intervene in foreign-exchange markets.



posted on Oct, 26 2008 @ 10:31 PM
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Originally posted by cpdaman

Seems the global financial panic may cause a flight to the "safety" of the world reserve currency. WE shall see what OPEC decides to do about getting half the $ from oil they were six months ago, there are wispers that a gold back gulf dinar may be in the works, who knows.


I just would have a hard time trusting a middle eastern currency. Religion plays such a strong role in politics in many of those countries I would worry too much that some how my infidel status would end up costing me everything.


Originally posted by cpdaman
although should you have a secure job and live with in your means, so long as the dollar remains the world reserve currency you will be just fine, thank you very much. If not , we all got problems.


My gut has been telling me from the outset of all of this that the dollar is doomed. I dont have figures or proof, for those so inclined, it is my intuition and nothing more. I have been looking for a way out of my dollars, but I just cant put my finger on where to go. Yet. I am still looking.



posted on Oct, 26 2008 @ 10:36 PM
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reply to post by ChrisJr03
 


I agree, I started this weekend. "If" you have cash it's a great time to buy. Look at the 15yr price charts for all kinds of stocks. They are lower than the dot com crash of 2001 and 1998 market sell off



posted on Oct, 26 2008 @ 10:48 PM
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When the world finally weathers this mess, what should be done to prevent the next cycle? Should commercial banks and investment banks become separate entities? Should hedge funds and derivatives be completely isolated from the banks and be overseen by a national gaming commission?
Maybe the markets will revert to earlier times of buying stock, selling stock, and collecting dividends. All the other variations are just ways to generate money from nothing substantial.
Many Wall Streeters will have to find work in actual companies and use their skills to build commerce rather than bet on it, should they be able to find jobs at all. I do not wish them ill as most are just opportunistic folk with a get rich quick bent but I will not waste sympathy on them if they lose their Beemers and Long Island McMansions. They may even learn what it feels like when the stock market decides that American workers are cutting into quarterly dividends [3 months is long range planning for these guys] and exports their jobs just so the ultra wealthy can get ultra wealthier.



posted on Oct, 26 2008 @ 10:51 PM
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If the demographic of 401k plan owners that I know are reflective of the rest of the country, most 401k holders pulled their money out of the stock market long ago. 401k managers have grossly under performed the stock market for a long time, and in my opinion, most of them should be in jail serving large, angry, well endowed personages.

If the Hedge funds all start to collapse, they might take the market down, but then again, that might be a short term loss, followed by longer term stability. Hopefully then, they start re-writing the rules to eliminate these hedge funds. If every hedge fund goes bankrupt, and the rich investors have to sell everything they own to make things right, all the better.

If you got a little money, I suggest you park it in a Savings and Loan, that is probably the most secure place you could put your money these days.



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