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That's only if it doesn't fall another 20%
I'm sitting at 75% cash at the moment - if it drops another 50% I'll be smiling but I doubt many others will be.
Piggdog hope you are still on that s & p short!!
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And bumps I hope you are correct and it's just a correction, not the beginning of a new downtrend.
The fall here in oz is well past 10% level and if you view sectors like banking the drop is 20% already. I decided to take a punt on an ETF based on the xxj (financials) given the large decline already, but sometime today would have been a better timing!
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(azza33 @ May 20 2010,15:17)
That's only if it doesn't fall another 20%
I'm sitting at 75% cash at the moment - if it drops another 50% I'll be smiling but I doubt many others will be.
Piggdog hope you are still on that s & p short!!
On May 5th I boght VXX but sold the same day for a quick profit. Wish I had held on.
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Just on a bit of economic news i've read in the past week.
Has anyone else read the stories on default levels in us housing???
In short it's staggering!
Some sectors are twice what they were 12 months ago.
Apartment loan default sitting at 4.6%
10% of people missed at least one home loan payment between Jan-mar
now if that's a sign of an economy getting better- I'd hate to see one in bad shape!!
Pacman, stock up on that tin food, gather a gaggle of ladyboys and let's head to the hills! The end is near
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Define 'near'.
The world's currency regime is undergoing a slow death. It will take years before the impossible burden of greater & greater deficits finally brings one of the major currencies to collapse. Though when it comes it will happen quickly.
But what exactly are "they" going to do? Can you imagine a delegation of high level central bankers turning up in Washington demanding payment?
What payment would be acceptable? More US dollars? Rhode Island?
Before such nonsensical scenarios get to be played out, an international villain will appear, or more likely, be created.
This will then give the US the excuse to start a major international conflict which is how all previous financial crises have been resolved.
But I like the sound of a gaggle of ladyboys. Which hills did you have in mind?Despite the high cost of living, it continues to be popular.
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(pacman @ May 25 2010,09:19) Define 'near'.
But I like the sound of a gaggle of ladyboys. Which hills did you have in mind?
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It sure was... cost me 500 quid, too!
Day started off great for me - then when the job numbers in the US looked like garbage so did everything else!
I'm out for a few days...SHEMALE.CENTER
World's Greatest Tgirl Cam Site.
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