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AuthorTopic: Clearance Sale at Wall Street?  (Read 1031 times)

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pipsqueak

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Clearance Sale at Wall Street?
« on: October 09, 2008, 11:14:21 PM »
....unlike a store, there is no crazy rush of people to grab the deal?

wow - 8500! asia will plunge today? but markets, esp. china seem already bought out - how much lower can they go?

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dextrous

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Re: Clearance Sale at Wall Street?
« Reply #1 on: October 09, 2008, 11:35:15 PM »
im waiting till theres total chaos and i dont ever have to make my car payments anymore!!
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pipsqueak

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Re: Clearance Sale at Wall Street?
« Reply #2 on: October 09, 2008, 11:37:22 PM »
Quote from: dextrous on October 09, 2008, 11:35:15 PM
im waiting till theres total chaos and i dont ever have to make my car payments anymore!!

you better start hoarding money under the mattress!

dow will hit 7000, as per Roubini.
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dextrous

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Re: Clearance Sale at Wall Street?
« Reply #3 on: October 09, 2008, 11:41:23 PM »
Quote from: pipsqueak on October 09, 2008, 11:37:22 PM
Quote from: dextrous on October 09, 2008, 11:35:15 PM
im waiting till theres total chaos and i dont ever have to make my car payments anymore!!

you better start hoarding money under the mattress!

dow will hit 7000, as per Roubini.


my pillow cases are stuffed with dollar bills now...but what will still retain value?

at least, so far, there has been no crazy inflation
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LosingNow

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Re: Clearance Sale at Wall Street?
« Reply #4 on: October 09, 2008, 11:58:49 PM »
My banker - someone with a lot of grey hair and who has seen many a up and down - says he has not seen anything like this. He thought the late 70s was bad but this takes the cake. He is "playing defense" - doing the rounds with all major depositors to hold on to the deposits. Loan activity has come to a complete standstill. This is a well-capitalized, small regional bank with ZERO direct exposure to real estate mortgages (indirectly everyone is exposed to real estate).

Time to buy gold ;D
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LosingNow

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Re: Clearance Sale at Wall Street?
« Reply #5 on: October 10, 2008, 01:20:44 AM »
Nikkei is down 11%
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ramshorns

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Re: Clearance Sale at Wall Street?
« Reply #6 on: October 10, 2008, 01:42:59 AM »
WN:What is your take on dollar conversion to rupees now that it has touched       Rs 48 / US Dollar.

I want others to weigh in as well.

Me thinks it is a good time to trade US dollars for rupees.  A 20% spike over the last 6 months.

« Last Edit: October 10, 2008, 01:48:05 AM by ramshorns »
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LosingNow

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Re: Clearance Sale at Wall Street?
« Reply #7 on: October 10, 2008, 01:48:50 AM »
Quote from: ramshorns on October 10, 2008, 01:42:59 AM
WN:What is your take on dollar conversion to rupess now that it has touched       Rs 48 / US Dollar.

Kic should give better insights.. but it is funny, not long ago I was running scenarios for clients on impact of Re rising to 34

I think Re will fall further.. primarily due to higher inflation in India
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LosingNow

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Re: Clearance Sale at Wall Street?
« Reply #8 on: October 10, 2008, 01:55:39 AM »
BTW..any good buys in this mess .. individual companies or sectors?
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dextrous

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Re: Clearance Sale at Wall Street?
« Reply #9 on: October 10, 2008, 04:07:35 AM »
Quote from: winningnow on October 10, 2008, 01:55:39 AM
BTW..any good buys in this mess .. individual companies or sectors?

Yes. Buy google. Lots. Within a year, I'm sure you can sell it for $200 profit for each share...
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LosingNow

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Re: Clearance Sale at Wall Street?
« Reply #10 on: October 10, 2008, 07:32:29 AM »
Quote from: winningnow on October 10, 2008, 01:48:50 AM
Quote from: ramshorns on October 10, 2008, 01:42:59 AM
WN:What is your take on dollar conversion to rupess now that it has touched       Rs 48 / US Dollar.

Kic should give better insights.. but it is funny, not long ago I was running scenarios for clients on impact of Re rising to 34

I think Re will fall further.. primarily due to higher inflation in India
Down to 49 today...
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LosingNow

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Re: Clearance Sale at Wall Street?
« Reply #11 on: October 10, 2008, 07:49:58 AM »
Sensex down 1000.. may trigger the circuit breaker at 1250 down
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LosingNow

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Re: Clearance Sale at Wall Street?
« Reply #12 on: October 10, 2008, 02:13:11 PM »
Dow down 200+ already
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RicePlateReddy

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Re: Clearance Sale at Wall Street?
« Reply #13 on: March 02, 2009, 03:54:30 PM »
Quote from: pipsqueak on October 09, 2008, 11:37:22 PM
Quote from: dextrous on October 09, 2008, 11:35:15 PM
im waiting till theres total chaos and i dont ever have to make my car payments anymore!!

you better start hoarding money under the mattress!

dow will hit 7000, as per Roubini.

Bless his heart  :evil4:
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