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Dont touch financial stock...for now.unless u are looking 3 to 4 years time frame.or..unless you are like me gamble in those citi.GM and the like.. I do limit them to some 10%...so my losses is just 10%...pls DYODD...dont follow me...High risk doesnt means high gain... High Risk can also means NO GAIN...toatal loss...you read me..
I suggest sell out...cut losses...i know it is painful...take it this way...we are not losing, but rather retreat and wait for opportunity to buy the market cheaper later...withdraw first..
This way you recover your losses faster when market turn....just think with so much $ pump into them and they are still bleeding..the losses much be hugh..DYODD
I think we side line ...hold cash...dont worry..there are always ooportunity to make $..dont worry u miss the opportunity..
Lasst nite just heard a expert said the bank losses are 1.8t...total is 3.6t...half is pension and other fund...Bank alone 1.8t...Total bank in US is some 1.4 t....
What this means is they are technically and truthly...really bankrupt...they are over leverage...
i think he said recession to end in end 2009,but 2010 could be slow growth...and there is 1 in 3 chance that of an L-shape recovery.....this means another Japan..
So what you think???
I think the risk is more than benefit is to be in....
Hulumas ( Date: 09-Mar-2009 19:20) Posted:
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agree.....deflation bigger problem.
So, what shall we do?
cheongwee ( Date: 08-Mar-2009 17:52) Posted:
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This week...retail sale the most important data..........
again 'experts' trying to call for a bottom..or predicting rally http://money.cnn.com/2009/03/07/markets/sunday_weekahead/index.htm?postversion=2009030800 ...sometimes hear too many times and see the results also numb to it already
the video has been removed by Youtube
cheongwee ( Date: 08-Mar-2009 17:52) Posted:
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Soory again guys...this is the correct ones..
http://www.youtube.com/watch?v=83UUkiLyd0U
JP Morgan $200 t..dont know true or not...this one is very big...bigger than AIG, Citigroup asnd BOA combine..
If this one fail..i think Obama cannot do anything...too big to save...jiat lat..hope they report after April...not now..
Hi all...ignore the previous post..suppose to post the 2 youtube items on the other forum..
Oh..yes...just read JP Morgan got $200 trillion in derivatives...
If this one can make dow drop 800 pts..overnite..aiyoh..jiat lat..
This is the really big ones...
If this one come down...DOW drop 800pts overnite...
http://www.youtube.com/watch?v=83UUkiLyd0U
http://www.youtube.com/watch?v=gz8v2xnWaLE
My opinion is that ppl running into the $ as safe haven will flatter, as soon as another round of simutlus will be introduct due current one fail..currently the $ is save by the euro...eastern Europe are heavier indebt that Walls Street..thus the flight to $ for safe haven..
And if ppl got no where to put their money to safety, they will rush into gold...whatesle provide safe haven ...in fact all fiat are comdem, all CBs are cutting rate to save their economy, printing money like no tomolo..gold and silver with 5000 thopusand yrs history will be the asset to shine brighter than stock...
Even if mad rush into gold and silver does not come, the px of gold and silver will still have to rise due to inflation, with so much money in circulation....
The question is not gold and silver will rise, but by how much???...rise it will..
bot BAC... 3.10.... cheap cheap... hehe...
my boss said one hor...
The Dow "Cheong Arrrhhh!!" in early trading... 
CitiBanks US$1.05....no eye see!
ExxonMobil US$64.10....very attractive!
General Motors US$1.70...no one dares to touch!
unemployment figure in line with forecast but still 650k n yet dow up 131 pts, no logic.
fire... fire.... fire... BAC on fire....
call 911.... hehe...
BAC on fire... hehe...
This 'Frankinstein' monster is more frightening than it seems...
It's created by the very nature of 'consumption' caused by a 'high standard of living living'...
DOW plunged more than 200pts (hit the lowest since 1996) and S&P500 also dipped below 700 (lowest since 1997)... GM still hanging on "life machine" whereby Citi may be "adopted" by Obaka's comrades...
how did we get ourselves in this deep s.h.i.t???
