Article

2008-10-12 Europe

Doom -- but lots of stocks were a good buy...

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Posted by 3dc 2008-10-12 00:43|| || Front Page|| [6 views ] Top

#1 "it's like there was an avalanche of metaphors"

Posted by Frank G">Frank G 2008-10-12 06:42|| 2008-10-12 06:42|| Front Page Top

#2 "nothing matters only yield"
"nothing matters only yield"
"nothing matters only yield"
"nothing matters only yield"
"nothing matters only yield"
"nothing matters only yield"
"nothing matters only yield"

Posted by Bright Pebbles 2008-10-12 10:39|| 2008-10-12 10:39|| Front Page Top

#3 It will be interesting to watch the Asian and European markets on Monday since the American market is closed. Will they react to Friday after 2 days to think about it? Or, will they sit on their hands and wait 2 more trading days until Tuesday when the American markets are back? Plus the American markets get to see what the G7 came up with in Paris. My guess is that the bottom feeders have been bleary eyed chart readers the last few nights and days and there will be a surge of buying up future goodies like pharma and consumables as well as transportation. I am willing to bet we get back to 9k by end of the month and possibly 9.5k by Christmas. Of course it all depends on the election - as long as Obama has the lead the market is susceptible.

Posted by Jack is Back!">Jack is Back! 2008-10-12 10:44|| 2008-10-12 10:44|| Front Page Top

#4 Jack,

Will you share what you're smoking?

Posted by Nimble Spemble 2008-10-12 11:06|| 2008-10-12 11:06|| Front Page Top

#5 Ima hope Jack is right. I'm kill two roosters to hold the line at 8,000.

Posted by .5MT 2008-10-12 12:58|| www.cybernations.net]">[www.cybernations.net] 2008-10-12 12:58|| Front Page Top

#6 BP is right. Yield determines how profitable it is for banks to lend.

Posted by Mike N. 2008-10-12 14:24|| 2008-10-12 14:24|| Front Page Top

#7 I was (thanks to my broker) able to fish some really solid stocks out of the hands of panicked sheep. They are going to look VERY good in 5 years or more.

Posted by OldSpook 2008-10-12 16:30|| 2008-10-12 16:30|| Front Page Top

#8 Yield and risk.

This whole crisis is due to risk not being priced properly. And in large part that was due to the belief that large systemic risks no longer existed.

The market was of course incredibly prescient because governments are now taking those systemic risks over (ie they no longer exist for the market).

While governments can take on much larger risks than businesses, some risks are even to large for some governments as we see in Iceland as the country goes bust.

Posted by phil_b 2008-10-12 22:59|| 2008-10-12 22:59|| Front Page Top

23:51 SH
23:44 CrazyFool
23:14 DLR
23:04 Liberal Media
23:03 Last Breath Farm Resident
22:59 phil_b
22:51 Last Breath Farm Resident
22:09 Procopius2k
22:04 Mark Espinola
21:52 49 Pan
21:29 Mike Kozlowski
21:22 trailing wife
21:21 trailing wife
21:04 Besoeker
21:01 Besoeker
20:59 lotp
20:56 Iblis
20:29 European Conservative
20:26 herey
20:26 herey
20:25 European Conservative
20:22 Minister of funny walks
19:56 Minister of funny walks
19:42 Darrell