limp dick !       

But big smile!

Excellent good news...haha

Prices in the hot spots.. Las Vegas, Los Angeles etc, are coming down,

You can now find decent white girls with US$150 and better services....

Ahhhhh stock market.... make some and loose alot later.... anyway.. life goes on. Still need a stable paying job
and then start collecting some extra cash for round 2 stocks when the stock market crash. Dont know when to
go in tho but i think i'm going to buy only big cap share with reasonable pe ratio and some divident payout for punting.
Have fun...

Kennichi...Don't be so pessimistic!!! I'm sure things will turn around in a few years....=\...
But seriously don't worry, why worry over something we have zero control over?  Worry about saving up for your next trip to HK ;)...haha

DArtagnan...I agree with many of your posts...It seems we have similar views.  This is without a doubt a cycle in the global economy, the only reason its 'bigger' this time, is because of this crisis we see truly how much of a global economy we have today, which is making everyone much more nervous.  About the Hedge Fund thing, I actually recently read an article about this, the article came out in April 2008, so its half a year old now, but it reports the Top 25 Hedge Fund Managers total wage (wage + commission).  In order to get into this list or basically the last guy made more than 260Million USD.  The first guy made more than 3.6Billion, that's right..its not millions, its billions, the hedge fund he managed had a 37% pay off!!!!  The second guy Soros, famous US Hedge Fund Manager, came out of 'retirement', his kids run the company for the most part, made 2.9Billion, betting against the market, and foreseeing the credit crunch, and mortgage issues.

WOW!

Anyways, I urge you all to look for opportunities right now, a wise man once said to me.."when everyone else is panicking, it is the best time for your to buy!"

Not now. The market is going to crush further. Wait and see for the worse.....

As said more money was lost in people falsely thinking the market had bottomed out than in the initial crash of 1929, this pattern happened again in 1972 and again in the oil shock , and again in 1991, and again in 2002...

I happen to agree ... but ...

it depends a bit on whether you have a cast-iron stomach, or can handle missing out on the rebound when it happens ...

A conservative strategy would be to earmark an amount of capital you're ready to invest in stocks (e.g. 20-30% of your liquidity), divide it by 24, and buy index trackers with that amount once per month for the next 2 years.  That way you benefit from the low however deep it goes, without trying to be smart by timing it and risking losing out entirely.  

For those who are bolder, get technical!!

Agreed DArtagnan...

But for me....I do believe the stocks haven't bottomed out, but....I dont believe it will go down much further either..and I don't want to be slow once they start to go up again...

Plus the money I'm investing is 'extra' so I'm not to worried if I lose it...

WEEEEEEEEEEEEEEEEEEEEEE...

dollar cost averaging.

can't agree more with your strategy!

but sometimes spending too much mongerinng

yes...i will stop monger and invest all my money.

that's what i thougt late last yr, now, with the book losses, i should have be better off punting hundred of gals.

But seriously, in view of the coming forecast of mkt rebound, must punt less like once in a blue moon. Pump extra savings in for future punting when gain is realised.

man i am thinking of just having an account with my broker and just direct debit a lump sum per month on 2800.hk or something.
really need to to that.  my financial year end is Mar09 if i don't catch up my balance sheet is going to be in deep trouble!
even my cash flow is healthy for mongering purpose!

Any currency experts out there?

OK, this is fuckin urgent and fuckin serious. After 8 long years, my huge Euro investment has been paid up and is now sitting
in my HSBC account. The fuckin Euro is at it's lowest in a fuckin year or more, 12% down in 12 months. So what do i do?
Convert it to HKD / USD or leave it in Euros? I'm not interested in any other choice.

your Euro is down coz the USD is up or HKD is up coz of the tag with USD.
all i can say is.  why do you need to convert?
if not then just keep it as it is DO NOT REALISE the loss and start saving in HKD!

Sorry JB, I just need say this....even my grandma with no education knows bout this.
Definitely an advice from consultant.

but surely Jake has no idea why his Euro is down?
to me currency is just relative!

Cos he doesn't want want more capital erosion from currency fluctuation. It eats into the pussy purchasing power of his euro investment in HK .

I've heard that though the US economy is weak, Europe is weaker and that is why the dollar has improved vs Euro. My gut says taht the US will be the first to improve, but I'm not a Forex expert.

I wish I'd gotten lots of RMB when it was cheap but now I'm not sure that it such a great idea. With exports falling and the economy slowing, will China reverse it's current policy of letting the Yuan appreaciate against the Greenback. Who knows .

agree. i bought some RMB in the course of 3 months and since i appreciated.
i spent them as pussy money....

haha

now i need to save some for more pussy time.  

What currency? if I knew that I'd be a helluva lot better off!...

Trip 1 in 2008 it was 15.3 HK to £1 its now 11.89 to £1...

But the thing is the USD is toast, and thereby ALL the currencies that are pegged to the USD are toast.

That includes RMB and HKD

China has been spending 1/4 of its GDP buying up USD so that Americans can keep buying tat made in the PRC, its starting to run out of money to be able to do this.

Swiss francs look risky due to several banks in Switzerland

The EURO is also toast, since Spain and Italy are on the verge of bankruptcy....

Most definately not Indian or Pakistani rupees Pakistan went to the IMF yesterday as they have gone bankrupt.

YEN is problematic since their 1990s crash they exported all their inflation and a strong Yen is bad for Japan and they will probably devalue it..


All in all I would probably say German marked Euros (the Euro is debased already last time I was in Germany they would not accept any Euros that were not printed in Germany).

So the best of a worst pile is probably USD/Yen

USD because the US economy is diverse and thus the currency is backed by industry , resources such as oil in alaska and california, but they have 12 trillion of debt.

Yen as again Japan's economy is backed by manufacturing and technology sure they can't export as much in a crash but having an economy backed by something tangible is better than nothing*.

*the UK £ is backed by NOTHING no manufacturing , no resources only fiat which makes in very dangerous as a currency to hold.

RMB is a wild card in that China can do what Europe has done ie it can turtle up and increase the debt to its own citizens as Europe and the US have done for the last 30 years, but as said the USD tanks RMB is chained to its ankle , the day RMB de-pegs from USD will be a huge event...


Oh course this is assuming we don't get war , the cure for 1929 crash was WWII,

Only for the USA bro - WWII bankrupted every other country. After the war, the US loaned money to every other country,
winners and losers, so they could buy US goods to support its huge manufacturing industry. And all those countries were kept
down due to massive loans repayments. That's how the USA became the superpower it is today. It was only 2 years ago, in 2006,
that Britain finally paid off its WWII debt to the US.