RunRyder RC
 3  Topic Subscribe
WATCH
 2 pages [ <<    <     1     ( 2 )    >    >> ] 1087 views
HelicopterOff Topics › What do you guys think of this banking disaster.
12-01-2007 05:06 AM  10 years agoPost 21
LouInSD

rrVeteran

San Diego CA USA

My Posts: All  Forum  Topic

No, the Fed lowers prime and it stops the bleeding for a while by raising confidence but the raiders spread a rumor that there is going to be another attack which lowers confidence and crash, it all comes falling down, the raiders rake in billions and we all lose...

Capice?

PM  EMAIL  GALLERY  Attn:RR  Quote
12-01-2007 05:09 AM  10 years agoPost 22
spaceman spiff

rrKey Veteran

Tucson

My Posts: All  Forum  Topic

They're raiders who make money from failure. So they manipulated the market by betting 70 trillion against it and caused everything to come crashing down...simple enough for ya?
Ummmm... sounds convincing to those who don't know much about stocks, but thats the problem. Betting against something does not necisarily drive the stock price down, often quite the oposite happens, (short squeeze)

makes no more sense than betting against a horse (actual company) causes it to run slow.... and unless they are in the beginning of an IPO it won't even effect the horses health...

Anyway, have a hard time with the 70 trillion in reverse bets, thats half of the GNP. Back it up please.

PM  EMAIL  GALLERY  Attn:RR  Quote
12-01-2007 05:25 AM  10 years agoPost 23
LouInSD

rrVeteran

San Diego CA USA

My Posts: All  Forum  Topic

Yeah, except we're not talking about horse psychology here Einstein...we're talking about human psychology...

Wow! You either have a real problem with reading comprehension or you're just acting dumb...somehow I think it's a little of both...

I sure hope you are in grade school..I would hate to think that full grown adults like you are out there voting and having kids and stuff...

PM  EMAIL  GALLERY  Attn:RR  Quote
12-01-2007 05:30 AM  10 years agoPost 24
spaceman spiff

rrKey Veteran

Tucson

My Posts: All  Forum  Topic

The stocks are completly seperate from the company once they are issued. Level 3 once traded @ 130 dollars a share, now its 3 and change (i bought some a few days ago..) Same company now as it always was.....

You promised a grand conspiracy. This is more of a bed time story. yawn...

PM  EMAIL  GALLERY  Attn:RR  Quote
12-01-2007 05:35 AM  10 years agoPost 25
LouInSD

rrVeteran

San Diego CA USA

My Posts: All  Forum  Topic

lol, wow, now you're really babbling nonsensically...

They're not stocks, they're credit default swaps

we're talking derivatives here

READ THE ARTICLE GENIUS!

Meanwhile, I'm gonna install my new tail servo on my 450

later numbnuts!

PM  EMAIL  GALLERY  Attn:RR  Quote
12-01-2007 05:38 AM  10 years agoPost 26
spaceman spiff

rrKey Veteran

Tucson

My Posts: All  Forum  Topic

Same difference, buyers and sellers, and the horse couldn't care less.

PM  EMAIL  GALLERY  Attn:RR  Quote
12-01-2007 05:45 AM  10 years agoPost 27
spaceman spiff

rrKey Veteran

Tucson

My Posts: All  Forum  Topic

You seem to be lost.

Here is a quote from your article:
Rather than joining the crowd that blames the mess on American slobs who took on more mortgage debt than they could afford and have endangered the world by stiffing lenders, he points a finger at three parties: regulators who stood by as U.S. banks developed ingenious but dangerous ways of shifting trillions of dollars of credit risk off their balance sheets and into the hands of unsophisticated foreign investors; hedge and pension fund managers who gorged on high-yield debt instruments they didn't understand; and financial engineers who built towers of "securitized" debt with math models that were fundamentally flawed.
take a look again at the hedge fund reference:
...hedge and pension fund managers who gorged on high-yield debt instruments they didn't understand;
What you fail to recognize is the EVIL hedge fund guys, and everyone else, got thier asses handed to them in all of this. Says nothing about them profiting from the crunch when the real estate party was over.... certainly nothing about conspiring to cause it... Senator Edwards got his ass kicked too as he was heavily invested in one of these hard hit hedge funds.

Hmmmm (rubbing chin) maybe Bush did it using his buddies in the liberal media machine... Hey! this tin foil hat really works!

PM  EMAIL  GALLERY  Attn:RR  Quote
12-01-2007 04:04 PM  10 years agoPost 28
tarro

rrNovice

At my Computer

My Posts: All  Forum  Topic

They're raiders who make money from failure
Heres a little story to back that up. http://en.wikipedia.org/wiki/Black_Wednesday

The free market is great for us in the middle class isn't it.

PM  EMAIL  Attn:RR  Quote
12-01-2007 04:20 PM  10 years agoPost 29
drdot

rrElite Veteran

So. California, Orange County.

My Posts: All  Forum  Topic

fwiw...

Anyone here think the stock market is other than a form of gambling..?
Once we left the Gold standard, our currency became a floater...intrinsically having no value at all...Investors bet the value up or down...Not being a gambler, homie don't play dat..even my 401 is locked into low yield but relatively safe investments..
The folks betting on the come are the drivers behind this mess..Vultures by nature feed on carrion...

B.C.

PM  EMAIL  Attn:RR  Quote
12-01-2007 06:36 PM  10 years agoPost 30
Rob_T

rrElite Veteran

..

My Posts: All  Forum  Topic

The is definitely an analogy between gambling and the stock market!

I think day trading is probably closest to playing poker. So called "technical analysis" is much like trying to look for the other players "tell".

But long term investing, not shorting or using margin is like being the house in roulette. The odds favor you. Just keep the limit on single bets low and you'll make money even when you lose on some individual bets.

PM  EMAIL  Attn:RR  Quote
12-01-2007 09:38 PM  10 years agoPost 31
MasterCrasher

rrApprentice

Not sure.

My Posts: All  Forum  Topic

Life is a gamble folks, learn to play the game.

PM  EMAIL  Attn:RR  Quote
12-02-2007 01:03 AM  10 years agoPost 32
RonHill

rrVeteran

FLL, FL

My Posts: All  Forum  Topic

LouInSD

Your passion is clear. But you are looking for a grand conspiracy where there is none.

The Fed dropped rates, *people* wanted more than they could afford. The banks saw an opportunity to get money by granting sub prime loans. You think the banks WANT to go into foreclosure? They do not make out as you would think.

The facts are that *people* became greedy and took out more debt than they could afford. Others who see the bubble going to burst decide to make money on it. ALL normal human reactions.

Funny thing is if the banks had not given the loans someone would have said they were only in it for the money and were against the poor.

As the market drops, I am going to invest like crazy knowing that it will rebound just like it always has...Does that make you think I am privy to the secret emails and conference calls?

Spiffs question is a good one: "So the investment bankers and hedge fund guys WANTED to loose their shirts and jobs, so they conspired with the media to somehow cause loan defaults?"

This is a normal cycle, just like we have every 10-15 years. The causes are more than a simple answer, but you have no proof that it is some evil conspiracy.

The stock market IS a gamble. However, the risks drop the longer you play the game unlike Vegas.

Edit: I just got a phone call....Uh, never mind...Pay no attention to anything I've said. If you need me, please forward all correspondence to the Bahamas.

PM  EMAIL  Attn:RR  Quote
12-02-2007 04:40 AM  10 years agoPost 33
tarro

rrNovice

At my Computer

My Posts: All  Forum  Topic

The Fed dropped rates, *people* wanted more than they could afford. The banks saw an opportunity to get money by granting sub prime loans.
LOL Ron if you believe that a bunch of simple foreclosures on American home owners is causing this world wide credit crunch you are way over your head here.
Educate yourself.
http://en.wikipedia.org/wiki/Derivative_(finance)

PM  EMAIL  Attn:RR  Quote
WATCH
 2 pages [ <<    <     1     ( 2 )    >    >> ] 1087 views
HelicopterOff Topics › What do you guys think of this banking disaster.
 Print TOPIC  Make Suggestion 

 3  Topic Subscribe

Thursday, December 14 - 8:20 am - Copyright © 2000-2017 RunRyder   EMAILEnable Cookies

Login Here
 New Subscriptions 
 Buddies Online