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  1. #1
    Thailand Expat
    Rattanaburi's Avatar
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    Markets up? Why?

    Todfay markets are really shooting up. HongKong was up 800pts right away this morning. The futures for the US market are at 254point up! Why? I would have thought that the takeover of freddieMac and FannyMae would have been bad news. Are things goign to go up or is this going to turn down again?

  2. #2
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    Well, markets are back to normal. So it was all a dream.

  3. #3
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    The takeover signifies a lessening of widespread financial troubles. IF either or both failed international markets would have crashed.

  4. #4
    I am in Jail
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    yep good news, those government agencies have been taken over, end of scare, at least for now

  5. #5
    ding ding ding
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    ^ America is the new France isnt it?

  6. #6
    I am in Jail
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    Quote Originally Posted by Spin
    America is the new France isnt it?
    yes, it will come to that perfection eventually

    actually, America Europeanization is happening,

  7. #7
    Tax Consultant
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    Can't beat a good healthy dose of free enterprise in the American financial markets.

    Wonder when the US government will be nationalising GM and Microsoft.

  8. #8
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    Futures are down 360 for the Dow today. Should be interesting tonight. Do they still have breakers?

  9. #9
    Days Work Done! Norton's Avatar
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    Quote Originally Posted by Thormaturge
    Wonder when the US government will be nationalising GM
    Call it what you will but recent government approval of $25B low interest loans to US car manufactures could be considered a form of nationalization.

  10. #10
    I don't know barbaro's Avatar
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    Quote Originally Posted by Rattanaburi View Post
    Futures are down 360 for the Dow today. Should be interesting tonight. Do they still have breakers?
    Yes, it will be interesting to see tonight. All I know is what I read on the media. But it sounds like some selling will happen.

  11. #11
    Banned Muadib's Avatar
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    The US government in now in the insurance business, having bailed out AIG to the tune of US$85B and now owns 79.9% of the company... I heard a rumor that Disneyland is next...

  12. #12
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    Just goes to show you that rightwingers like Bush and McCain are socialists.

  13. #13
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    Quote Originally Posted by Rattanaburi
    Just goes to show you that rightwingers like Bush and McCain are socialists
    All socialist are capitalists if they were really honest.

  14. #14
    Thailand Expat
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    An d the markets swing up from 1,200 down in Hong Kong to up. Wild swing at the end of the day. Are gov't buying in or something like that? Seems like the end of the world the in the morning then the future looks bright then it darkens. I guess alcohol sales are doing well at the moment. Sleeping pills will probably sell well towards the end of the wildness.

  15. #15
    nid aur yw popeth melyn
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    Markets are sound when it comes down to it - more psychological - fear does stupid things.

  16. #16
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    capitalism

    great system ,when you make a profit you keep it all and when youi use the government picks up the losses --this cant go on like this

  17. #17
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    SET was down 35 at one time, but quickly recovered 30 at the tail end.

    It's a game, and never mind the squeals because the big money never loses out...a lot people are making a lot of money out of the current fiasco, just as they did to celebrate the new century.

  18. #18
    I am in Jail
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    got to love the flexibility of the market system, creating opportunities and inefficiencies,
    Last edited by Butterfly; 19-09-2008 at 10:02 AM.

  19. #19
    Thailand Expat
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    Up or down is same same, they'll still rake it in.

  20. #20
    nid aur yw popeth melyn
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    Buy low - sell high, this is the way people make their dosh. Good buys out there - this is the time to dive right in.

  21. #21
    Thailand Expat
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    The economic system is like an illegal casino anyways. There are no godsent moral rules. It's all a risk. If the house fails the casino closes. Morality/fairness is not a requirement of capitalism.

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