MichaelDes
Registered User
- Messages
- 431
."There's an insolvency rumor and concerns on liquidity, that they just have no cash,'' said Michael Mainwald, head of equity trading at Lek Securities Corp. in New York".
rubbish, firstly not all journalists are idiots and secondly where the downward spiral in the stockmarket ends is a matter of opinion and not fact! all sources have been wrong in the past.
Agree that not all journalists are idiots, but how do you distinguish the few from the many in order to make sound decisions? Secondly, I would have said that the end downward spiral in the stockmarket is a point in time, and not a matter of opinion, journalistic or otherwise. Relying on opinion rather than fact-based analysis to decide when this point in time occurs is making a tough task even tougher.
there is no fact based analysis to decide when this point in time occurs,if there was we would all be multi millionaires
Agree that it is difficult to predict, but what is important is to know what constitutes a market bottom so you can identify the event when it occurs. A combination of events (news, technical factors, interventions) can signal the end of a stock market downturn. Some of these can be seen a day or 2 in advance of a major move off the bottom, so the prudent trader can postion himself accordingly and wait for confirmation of the bottom.
Remember too that it is much easier identify a bottom than a top.
We may even be at one of these events today, based on the action of the US markets overnight!!!
Janman07
You will find a remarkably low amount of people even on this forum making money from investing in anything what-so-ever, be loathe to heed too much "advise".
Janman07
"Financial advise" is probably not even worth the paper it is written on. That is if you could get a financial advisor to put it in writing.
If the person or advisor is not putting their own money into the deals they are telling you to put your money into, this speaks volumes.
Are they making their money from selling you advise or from investing money themselves?
You will find a remarkably low amount of people even on this forum making money from investing in anything what-so-ever, be loathe to heed too much "advise".
Continue your education, and read up on Warren Buffet, and some of his simple, but yet long term investments & strategies, that reap fair rewards and beat the S&P & most money markets, consistently. (Value Investing). Log into Berkshire Hathaway, the company Buffet owns. They list their investments, and their annual reports are available online, an easy and entertaining read.
All the best........D
This is a new one on me. 'Possible' graphs? Gibberish.
Bear Stearns Agrees to Secured Loan Facility with JPMorgan Chas
2008-03-14 09:21 (New York)
NEW YORK--(BUSINESS WIRE)--March 14, 2008
The Bear Stearns Companies Inc. announced today it reached an
agreement with JPMorgan Chase & Co. (JPMC) to provide a secured loan
facility for an initial period of up to 28 days allowing Bear Stearns
to access liquidity as needed. Bear Stearns also announced that it is
talking with JPMorgan Chase & Co. regarding permanent financing or
other alternatives.
Alan Schwartz, president and chief executive officer of The Bear
Stearns Companies Inc., said, "Bear Stearns has been the subject of a
multitude of market rumors regarding our liquidity. We have tried to
confront and dispel these rumors and parse fact from fiction.
Nevertheless, amidst this market chatter, our liquidity position in
the last 24 hours had significantly deteriorated. We took this
important step to restore confidence in us in the marketplace,
strengthen our liquidity and allow us to continue normal operations."
The company can make no assurance that any strategic alternatives
will be successfully completed.
Says who?Remember too that it is much easier identify a bottom than a top.
We may even be at one of these events today, based on the action of the US markets overnight!!!
Says who?
Looks like you were wrong.
IMO a bottom is as difficult as a top. In fact, it is probably more difficult as you can take your profits any time on the way up, but you are always in danger if you try to time a bottom at 10% off, 15% off 20% off. The last major S&P correction was 49% from peak to trough. Others have differed. See a history of the S&P:
http://money.cnn.com/magazines/fortune/storysupplement/investor_special/2008/index.html
Have you taken account of FX?Wrong, eh? Using the S&P 500 as an example, the lowest close around the time of my message was 1273, on the 10th - yesterdays' close was 1276. Granted intraday low was 1257, but that it recovered hints at some strength at this level. The NYSE (which is heavy in financial stocks) did set a lower low close yesterday but also closed substantially off it's lows.
So - wrong ?? Too soon to tell for definite, but I would say not wrong YET is a reasonable statement.
Have you taken account of FX?
However, I do agree that not wrong YET is correct. The problem, as I see it, with using technical analysis is that it only reliable works after the event. Mind you, there is much chatter of a bear market rally from some of the bullish commentators, so if they are going to stuff some cash in then that will be self-fulfilling!
Any opinions on when the ECB will find the pressure too much to bare?Fed just cut by 75bps.
Any opinions on when the ECB will find the pressure too much to bare?
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