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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.
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.
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.
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.
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]
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]
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]
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.
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.
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]
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*
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.
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?
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]
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.
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.