such a good day today! HSI went up by 10% and now the Dow is up 5.5%
interesting to see how much it'd went up/down by the time it closes today.

Platium is a good investment, even scrotes are cottoning on and many people wake up and their cars are missing their exhaust pipes (the big end bit) as they contain small amounts of platiumum in the catalyser. In Bolton a whole street woke up to no exhaust pipes, unsurprisng as they are held on only by a few bolts.....

Heh a couple of platium spark plus cost me £29 PPP thats about 600HKD to you.

Guess where the problem is?..... GM & Ford are going down the pan,

In recessions people buy less cars , less cars = less demand = prices go down , high school economics.

A brilliant example is resin...

The construction of HK airport required an enourmous amount of concrete , resin is used to cast the concrete , it caused a world wide shortage, and prices went sky high , production ramped up to meet the demand,but then HK airport was finished and there was massive over supply and resin was reduced to very low value.


Problem is we might actually hit a deflation as money is destroyed faster than it is being produced as banks can't won't loan out money is still being repaid from loans resulting in money destruction...

Either way is very bad though , inflation erases your pensions and savings,

Deflation increases your debts markedly....


The big ass problem in the UK and US is that debts are index linked thus you cannot do the usual inflation line and inflate the debts away as was done in the 1970s the 1980s and 1990s as well as the 2003 crash.



But most of you guys are in HK  , in the UK we have 11trillion dollars of debt , almost as much as the US , people are starting to stock up and are arming themselves in preparation for a collaspe.

[ Last edited by  Kennichi at 13-10-2008 18:48 ]

The sky is not falling bro.. you are being too pessimistic.

Things will get better sooner or later, I dont think economic crisis will kill us off.

I sold down all my share portfolio in December 2006 when the all ords in Oz was at 5500 points - moved the funds into cash and property.  The all ords is now at 4300.  I am laughing all the way to the bank!

The poll is one-sided and completely misses the point ... how about:

(6) Saw it coming - made money on the way up, cashed out, and laughing all the way to the bank.  

It's just a cycle.  The whole Universe works on cycles.  If you can leave the panic out of it and stop trying to be right about the future, you know what to do to make money.  

THEN you're in a position to provide for yourself, for your family, for your friends, and anyone else you can reach out to ... so stop whinging, learn the lesson, and take responsibility for your choices!!!

(flame suit on)

    
you might need to protect your behind too ...  

Agreed!

(flame suit on too)

If you 2 guys got out before the collapse of the markets, I'm betting it was complete luck because you
certainly don't appear to be too smart if you can't understand a simple poll. Obviously, your situation is
already covered by Option No. 5 - Did it affect you? - No, it has nothing to do with me. Isn't that right?

Since you'd already made your money before the collapse and you've gained nothing by it it seems your
gloating comment of "laughing all the way to the bank" is intended to make fun of those who were not
so lucky.

Is it that the misfortune of others simply adds to your pleasure and happiness at making a lot of money?
If so, it's pretty fuckin pathetic.

Not where you are in the UK it is....

BTW the current rallies are just the mother of all dead cat bounces I reckon...

as the problem remains , too much debt....

The UK government solved the problem of too much debt....

guess how? , they created more debt, so much more debt infact that it will require +17% on income tax for the next 15 years , so if I stay it means I'll have to pay 48% income tax!


The problem in the UK is violent gangs on welfare, we already have lots of them and we aren't into serious economic crisis yet , it gets worse inflation picks up and gangs can't eat they TAKE from others.

In 9 months price of bread here has increased by 1/3 , milk by 1/4 etc , and the government thinks its ok to cause higher inflation to save idiots who lied on their loans.

You sounds like you are one of those people who bought Lehman Brother's Mini bond.

Just like what you said Jake: those WG made her choice to become a Whore so we dont give a shit about them, bang them as hard as we could and dont even care about their suffering as we already paid for the service and the WG knows from the beginning where the ride is taking them rite?. so Every investment also carry a risk, you lose some and win some, you know where the ride is taking you. so stop whining! you made the choice!.

Hi Jake,

first, sympathy: yes I do feel the hurt of people who are seeing their retirement savings evaporate at a horrific rate - and also for those who have to pay last year's tax in Euros using HK$ today.  

I did look at 5 and decided it didn't apply.  You're right, some people are just out of the market did nothing while the market was rising, and continue to do nothing now, yes that's blind luck.  But a deliberate choice is not luck.  My SO and I cashed over the last year - and boy did I take some flak while the market continued to rise ... right now anyone who has cash is seeing the sort of % gain in their buying power that Hedge Funds used to generate when they were first invented.  

Gloating?  No.  I like to help people.  But I've also learned that people are ultimately responsible for their own choices, and sometimes encouraging them to feel sorry about their outcomes is the wrong thing to do.  Trading stocks is brutal.  But it's also impersonal, and treats everyone the same.  

Sorry you lost money.  Don't blame me!

Looking at the indexes ... DOW went up strongly ... BUT ... look closely: VERY LOW VOLUME.  

Be very cautious before jumping in to buy - doesn't look like it's time yet, there's likely to be more to come.  

Looking at the big picture ... this crash was basically fuelled and ignited by unregulated contracts swapping debt ... and NOBODY knows just who are the winners and who are the losers yet ... since there are trillions of dollars of contracts all in paper, and they're processing them manually, it'll take another 3 months to figure out how it all balances out ... until then, you can expect some more surprises of the unpleasant kind.

Nah, I wasn't talking about me. I've never been a gambler in the stock market. I go for super-safe low interest
returns but with guarantees of no loss or minor gains over a fixed period. I've worked too hard for my money
to risk major losses.

I took a big one out 8-years ago in Euros cos I thought the Euro was way undervalued. It has a guaranteed return
of +18% but that's over 8 years, which is probably a shit investment to most of you guys. Of course my so-called fuckin
'financial advisor' told me there'd be 5-10% bonuses each year - which also couldn't be lost. The fund hasn't paid a single
fuckin bonus in 8 years. But at least I'll get the +18% and was hoping to make a mucher bigger gain due to the increased
value of the Euro. That's going down but it's still higher than it was 8 years ago. Just hope it doesn't go down anymore.

Mostly I'm in cash, properties and fixed-interest investments. But that doesn't stop me from feeling sorry for bros with
families who have lost a substantial portion of their savings. And I certainly wouldn't gloat about it.

As my mum used to say - "if you've nothing nice to say - say nowt".

LOL... we are in the exact same boat!  I also invested in a super-safe low interest with possible minor returns, but in the US it's a lot longer than 8 years, basically a retirement plan almost.  I had about 200k in one and it went up nice, steady and slow, 100-150 on average per month with a few big hits for a good 9 years now, then in the past 18  months, I watched it dip 800-3000 a month! And I am basically back down to 200k + interest, sad huh?  LOL... fucking my 'financial advisor' happens to be my "tong" brother, Dad's brother's son, in English cousin.

Yeah.....Boyzone said so "you say it best, when you say nothing at all"

you considered hedging it?  If you're sure Euro has peaked, you can buy a future or an option contract covering the amount of your investment.  That way your gain is locked in whether it goes up or down, and it shouldn't cost you anywhere near as much as your exposure to FX rates.  

Believe me I'm not gloating, I'm remembering.  Got burned big time in the late 80s, I "paid my school fees".  It hurt enough that I pay more attention since then.  

But I was pretty pissed off as everything was going up to unsustainable levels.  May sound strange, but I was more upset by property prices that honest people on a salary can't afford, and single-digit dividend %s on investments that retirees need to live on.   

Of course it's bad news.

But it would be a lot worse if the bull had run another year.  Or two.  

The worst thing anyone can do right now is feel sorry for themselves, blame "Them", and do nothing.  This thing is still in play, so check if your strategy is making you money or costing you - and change your position.

Shit man, you guys actually have enough money to invest in things ... all my investments goes to women !

What;s the return?

I'm sure the WG's invest it well!!

hahaha, yeah, good time to be a WG...in times of economic downturns, you can eat out less, buy less gadgets or what not, scrimp n' save, but some of us will keep on visiting WGs.  either that or DIY or *shudder* get it on with the wife!