Crash Crash Crash !!!!!!!!!!!!!!!!!!!!!!!!!!!

sabretoothtigger

Dithering_Dad

I see that blisk has been made "PPR". Good riddance to bad rubbish.

mattwallisuk

I assume blisk has recently been rejected for a mortgage or something. Tends to be those without a home or unable to purchase a home that begin to advise others NOT to buy and to get out quick haha.

sabretoothtigger

Korea the 13th largest economy owes 200bn, with an output of 900bn I guess its not as bad as iceland


And the uk -

the sum of all we've borrowed - the aggregate of corporate, personal and public sector debt - is equivalent to three times our annual economic output

The figures in my sig are USA which apparently will be fine because their currency is strengthing but the korean won has dropped 29%.
Now I think about it, our currency has dropped about 20% from last year also, owch

http://www.bbc.co.uk/blogs/thereporters/robertpeston/

hethmar

Dad, what does PPR mean please?

sabretoothtigger

posting privledges removed, he can read threads but not contribute to them

sabretoothtigger

[FONT=Verdana,Geneva,Arial,Helvetica,sans-serif]US Stocks Pushed Down By Fund Selling, Global Economics
By Geoffrey Rogow and Rob Curran
Of DOW JONES NEWSWIRES [/FONT]

[FONT=verdana,arial,helvetica,sans-serif]NEW YORK (Dow Jones)--Still reeling from major sell-offs overseas and forced selling domestically, U.S. stocks remained lower Friday afternoon, with the Dow Jones Industrial Average off by more than 150 points.

[FONT=verdana,arial,helvetica,sans-serif]Stocks had pared some of their losses recently as the Dow was off more than 500 points earlier, but remained volatile. Notably, the Chicago Board Options Exchange's volatility index - or VIX - surged to a new high and remained up more than 20% as uncertainty and economic concerns weighed on the convictions of any trade.

[FONT=verdana,arial,helvetica,sans-serif]And with the October crash in stock, bond and commodity markets taking many hedge funds by surprise, several are now trapped in money-losing positions. As nervous clients ask for their cash back and nervous brokers impose stricter lending terms on the funds, the funds are forced to sell those positions, adding to market volatility. Whenever traders are forced into the market, they lose the power of negotiation and end up selling at big discounts. To make matters worse, many hedge funds took the same side in trades, so they are all trying to sell the same positions at the same time.

[/FONT] [FONT=verdana,arial,helvetica,sans-serif]"When you look at this to say who's selling this at this price, there are guys with guns to their heads that have to sell," said Scott Billeadeau, a portfolio manager at Fifth Third Asset Management. "Hedge funds have redemptions, and tons of them will have to close. No one is assessing the stocks and saying this company is overpriced and I need to sell it."

[/FONT] [FONT=verdana,arial,helvetica,sans-serif]Recently, the Dow Jones Industrial Average fell 167 points, or 1.9%, to 8524. The S&P 500 was off 18, or 1.9%, to 891, and the Nasdaq declined 30, or 1.9%, to 1574.[/FONT]
[FONT=verdana,arial,helvetica,sans-serif]Meanwhile, the Nikkei closed down 9.6% on the session and the FTSE 100 in London dropped 5%.

[/FONT] [FONT=verdana,arial,helvetica,sans-serif]Oil, a barometer of global growth expectations, fell $3.34 to $64.50 a barrel, even as OPEC cut oil production, taking 1.5 million barrels a day off global markets.

[/FONT] [FONT=verdana,arial,helvetica,sans-serif]Helping weigh on the economic picture domestically, the September used-homes sales report showed the highest level of sales in more than a year. Home resales increased 5.5% to a seasonally adjusted annual rate of 5.18 million, though many may have been foreclosed homes.

[/FONT] [FONT=verdana,arial,helvetica,sans-serif]"The macro headlines are indicating that the economy is way worse than the market was giving it credit for," said a trader at a midsize Wall Street firm.

[/FONT] [FONT=verdana,arial,helvetica,sans-serif]Before the bell, however, U.S. stock futures pointed to an even more dire sell-off as futures hit the more-than 5% "limit down" level for the first time in at least five years as markets around the world plunged on recession fears.[/FONT]
[FONT=verdana,arial,helvetica,sans-serif]"It looked like it was going to be way worse" in the U.S. markets, said Dave Rovelli, managing director of equity trading at Canaccord Adams. "We're hearing that people would like to buy at these levels, and they can't because their hands are forced because of redemptions."

[/FONT] [FONT=verdana,arial,helvetica,sans-serif]The fear is that "redemptions" or withdrawals of cash by clients of hedge funds and mutual funds will only increase the further the stock market falls.

[/FONT] [FONT=verdana,arial,helvetica,sans-serif]Another fear: that developing nations lack the resources to save their banking systems in the manner that Europe and the U.S. have managed to do. Standard & Poor's Ratings Services cut its currency rating on Ukraine amid the global financial turmoil that the credit rater said will push costs for the emerging market to recapitalize its banks still higher and slow economic growth.

[/FONT] [FONT=verdana,arial,helvetica,sans-serif]"This is what global markets look like when we have liquidation going on," said Art Hogan, chief market analyst at Jefferies. "The only thing that is up, other than the level of panic, is U.S. Treasurys. It's a day where people are raising cash across the board."

[/FONT] [FONT=verdana,arial,helvetica,sans-serif]Profit warnings Friday came from international firms such as Samsung Electronics, Air France-KLM and Peugeot SA. That followed late Thursday's profit projection cut from Microsoft; its shares were down 3.7% recently.[/FONT]
[/FONT][/FONT]

http://www.investopedia.com/terms/c/capitulation.asp

dervish

Dithering_Dad wrote: »

I see that blisk has been made "PPR". Good riddance to bad rubbish.

I enjoyed his posts and most of them vere accurate.

StevieJ

dervish wrote: »

I enjoyed his posts and most of them vere accurate.

He was just HorseHatMan's alter ego.

sabretoothtigger

1 year ago



Households per Foreclosure

• 300,000
• 5,477

100




http://www.metrodcliving.com/urbantrekker/2007/12/subprime-laundr.html


Aug 2008







Fear of a failure to break the downward spiral of losses caused by banks not able to lend causing further asset losses, constricting loans further