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Wall Street: You're investments just got saved

Big Dog Striker

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Nov 17, 2007
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The world's biggest insurer, AIG, had two more days before declaring insolvency. Still stunned by yesterday's bloodbath in Wall Street, the shutdown of AIG would actually mean Armageddon in the financial sector that is 1920's Great Depression happening all over again since the market wouldn't be able to take another gigantic beating.

This evening the Federal Reserve bailed out the insurance giant AIG with a US$ 85 Billion Federal Loan and prevented the Great Depression this week. It was well worth using the taxpayers money to save the hard-earned investments of not only Americans but every human being that invested their money in the planet.

Taxpayers don't have to worry about AIG repaying their debt since their insurance business can more than cover their bad exposure to credit default loans in the coming years.

Instead of seeing a 20% drop tomorrow morning and people jumping over buildings, we'll end up seeing hope in people once again. The market will be back bigtime tomorrow.

Kudos to the Feds for finally doing their homework and preventing another Great Depression in the next 48 hours. :)
 
Jan 7, 2008
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Oh ya, and thats most likely why you never saw a rate cut today. Someone knew or knows something.

Thats why the US market had a nice rally towards the end.

Tomorrow I would honestly be surprised if both the US and canada stock market will be rocking under 200 points. At least Canada's anyway. We never really had a rally. It's catch up for us tomorrow.

I expect over 200 tomorrow for Canada.
 

Big Dog Striker

New member
Nov 17, 2007
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The effects of the closure of AIG could have led to global financial chaos unlike a decrease in interest rate. The credit default swaps which was sold to every financial institution in the planet could have costs these institutions a lost of US$ 180 Billion and that includes TD, Bank of Montreal, RBC, and Scotia.
 

Oldfart

Long Standing Member
Mar 31, 2003
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State of confusion
How to prepare for the coming collapse

So, if someone wants to be prepared for the total collapse of the global economy, which surely must be just around the corner, would it be best to be stocking up on food and water, gold, Chinese Yuan, or guns and ammo?
 
Jan 7, 2008
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If you want to gamble your money away, thats up to you. I refuse to place my hard earned money on companies that are inches away from death. There's a reason why AIG is in they're situation. Just because the governments bailout came to AIG, doesn't mean squat. There was too much at stake there. Thats why they helped out.

I wouldn't touch it with a 1000 foot pole!! Thats my thought.

Place your money in solid and secure stuff that pay decent dividends. Your better off in the long run. Well managed companies with no problems that are coming down in this market meltdown are the ones to invest in.

Play it safe man.
 
Aug 25, 2008
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k thanks guys. Greatly appreciated

any tips on what to buy ;)?


Dont mind me, im a fairly young(22) university student, with a decent amount of money laying around and i just want to invest some of it. So far all ive got is $10,000 in Citigroup, $2000 in Thornburg Mortage(40% increase today:) ) and $4000 in Tata motor cars


Im thinking of putting a little more money into thornburg, but i dont know.
 

bcneil

I am from BC
Aug 24, 2007
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k thanks guys. Greatly appreciated

any tips on what to buy ;)?


Dont mind me, im a fairly young(22) university student, with a decent amount of money laying around and i just want to invest some of it. So far all ive got is $10,000 in Citigroup, $2000 in Thornburg Mortage(40% increase today:) ) and $4000 in Tata motor cars


Im thinking of putting a little more money into thornburg, but i dont know.
All I can say is that your portfolio is extremely high risk.
If you are a serious investor, you really should just put the $16000 in an etf or something. Its not really enough money to obtain your own diversified portfolio. If you used margin, you could probably make one.

When I was young I would do all the high risk stuff, so would my buddies.
Seemed we lost more that way. I started being more diversified, and my accounts are way ahead of my buddies. The guys always trying to pick the next stock that might triple. Some of these guys have been playing the market since the early 90s and basically made no money.
 

87112

Well-known member
Dec 13, 2004
3,622
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*&^%
Check this out

http://www.cnbc.com/id/26763431

Now the Chinese might be buying one of the most famous money firms in America. The USA is not going to be the king of the world forever. We borrow money from China for 08 tax rebates and now this. Fuck!

No country stays on top forever.
 

threepeat

New member
Sep 20, 2004
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Edmonton
k thanks guys. Greatly appreciated

any tips on what to buy ;)?


Dont mind me, im a fairly young(22) university student, with a decent amount of money laying around and i just want to invest some of it. So far all ive got is $10,000 in Citigroup, $2000 in Thornburg Mortage(40% increase today:) ) and $4000 in Tata motor cars


Im thinking of putting a little more money into thornburg, but i dont know.
BCNeil and dood have given you good advice on this one. Looking at your portfolio, it's a very heavy bet on a single company (Citi). With this exposure, I could easily see your portfolio gaining or losing 50% before year end. But the amount of risk you take on is up to you. If it pays off you can put yourself a few years ahead financially, if it doesn't you can put yourself behind just as much.

With that out of the way, I've been long on gold and commodities and short the US market for a couple of years now. I've taken quite a beating lately -- though today was just awesome :) -- but I believe I'll have the last laugh in the end.
 

threepeat

New member
Sep 20, 2004
946
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0
Edmonton
Check this out

http://www.cnbc.com/id/26763431

Now the Chinese might be buying one of the most famous money firms in America. The USA is not going to be the king of the world forever. We borrow money from China for 08 tax rebates and now this. Fuck!

No country stays on top forever.
When I went to Asia a few years ago, it struck me just how much of America's greatness (sports, literature, science, you name it) is built on money. When you can afford the best training, equipment, education, etc., dominating a field is almost a given. The parity that we are now seeing in sports where the US used to dominate (eg. basketball, tennis) is just a microcosm of what's happening to the global economies.

There's an interesting book called "Confessions of an Economic Hitman" which talks about the 'dirty tricks' the US plays with other countries to get them to become part of the empire. If the other countries play ball, they become Saudi Arabia. If they don't, they become Venezuela. If they change sides mid-game, they become 'liberated' like Iraq. The moral of the story is that countries can be conquered without ever really firing a shot, because money is the real weapon of choice.. As the US gives up more and more of their assets to foreign companies, they'll find that their political influence diminishes accordingly, and that other countries will have more and more leverage with them.
 
Aug 25, 2008
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So yesterday i purchased some fannie mae and freddie mac. Im up about 58%ish. After this whole financial probe thing was released this evening, do you guys think i should sell tomorrow morning? Or hold on and hope for the best?

I just think that this might drop shareholder confidence and people will start selling, dropping the share price. But im no pro.

Help a brother out!
 

Big Dog Striker

New member
Nov 17, 2007
1,537
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So yesterday i purchased some fannie mae and freddie mac. Im up about 58%ish. After this whole financial probe thing was released this evening, do you guys think i should sell tomorrow morning? Or hold on and hope for the best?

I just think that this might drop shareholder confidence and people will start selling, dropping the share price. But im no pro.

Help a brother out!
The shares of the two companies you mentioned, Fannie Mae and Freddie Mac, are both worthless now.

The shares are up because some short sellers are still buying in to the said companies to cover their short positions to comply with the emergency ruling of the SEC.

The rules requires investors to cover unborrowed short positions within 3 days.

Basically, you are standing in very thin ice.
 
Ashley Madison
Vancouver Escorts