(27-09-2011, 10:36 AM)yeokiwi Wrote: [ -> ]Actually, instead of austerity measures, the PIIGS nations should provide the richer nation free use of land and tax in return for loan.
The Americans are planning to do something like this -
White House Weighs Sale of Island to Reduce Deficit
[Image: 30selloff-inline-articleInline-v2.jpg]
Among the properties the government is proposing to sell is Plum Island, N.Y., former home to the federal Animal Disease Center.
Surely, the Greeks have a few islands to spare? Am sure the Chinese should be interested in buying, given property prices in China...
China is just WAITING to buy islands all over the world!!
I am pretty excited abt this coming recession... My retirement depends on it! Hoot!!!
(03-10-2011, 11:29 AM)WolfT Wrote: [ -> ]I am pretty excited abt this coming recession... My retirement depends on it! Hoot!!!
i don't understand...it seems nobody thinks NOW is the time to put your money to work. there's definitely lots of fear right now.
brokers are downgrading and telling you to sell, ppl are saying more downside to come, ppl telling you to stay at the sidelines.
In fact i already started loading up stocks, on 1 hand i want to get stocks cheaper, on the other hand it is really no fun seeing the stocks just loaded keep diving. Ya, i know deploy the funds by batches, but in regardless it is still heartache to see my stocks dived
Any good way to overcome this?
Today STI dropped below 2650 i guess now can declare we are in bear market already. I guess this downturn could be a long one. 2008 governments can bail out the market, now they can't even save themselves. I doubt will have any white knight this round.
Hope everyone got enough ammunitions to fight this long war
Hoot!!! Relax lar... It is just money.
(03-10-2011, 06:24 PM)hongonn Wrote: [ -> ]In fact i already started loading up stocks, on 1 hand i want to get stocks cheaper, on the other hand it is really no fun seeing the stocks just loaded keep diving. Ya, i know deploy the funds by batches, but in regardless it is still heartache to see my stocks dived Any good way to overcome this?
Today STI dropped below 2650 i guess now can declare we are in bear market already. I guess this downturn could be a long one. 2008 governments can bail out the market, now they can't even save themselves. I doubt will have any white knight this round.
Hope everyone got enough ammunitions to fight this long war
There's no real effective way to be emotionally detached from your companies, unless you mentally will yourself to. I guess it takes time and experience in the market to achieve that, and I admit it's not too easy for me as well. Nowadays I get excited when valuations get more attractive and sad when valuations get richer, because I intend to be a net purchaser of equities in the next 5-8 years and therefore I will welcome lower prices.
Whether this downturn will be protracted or not, I guess we'll have to wait and see. Even for the sharp 2008-2009 bear market and recession, many analysts were predicting for it to last many long years (5 to 10) but instead the market rebounded within 18 months. I don't give them too much credit for knowing what may happen in advance since their track record is pretty sucky.
STI highest close this year was 3,279.70. Today's close is 2,621.40. This represents a drop of 20.1%, thus technically today can be defined as the start of the bear market (I was never very good with definitions though, if it's cheap I will buy it and that's it haha
).
(03-10-2011, 06:25 PM)WolfT Wrote: [ -> ]Hoot!!! Relax lar... It is just money.
Hehe it is not just money, the money buys food for me
It is easier say than done. Who knows what will happen? Will it be a depression? Has anyone experience great depression before? How to be so confident?
(03-10-2011, 06:33 PM)hongonn Wrote: [ -> ] (03-10-2011, 06:25 PM)WolfT Wrote: [ -> ]Hoot!!! Relax lar... It is just money.
Hehe it is not just money, the money buys food for me It is easier say than done. Who knows what will happen? Will it be a depression? Has anyone experience great depression before? How to be so confident?
This only mean u have no exit stregrey and just don use e money meant for food to buy stocks.
just kidding!
I still have 30% cash. My house and car is fully paid.
I have a few business and still working a full time job trying to earn more money to buy stocks.
I am only 32.
Why should i be depress?