Thank goodness its a holiday for the Markets.

[85Sooner]

Stock around the world have not had a worse day since 9/11.

So what do you think will happen tomorrow?

[royalfan5]

The Dow will finish at 11,700, and the gov't will come up with more half-assed plans to stimulate the economy.

[TheHumanAlphabet]

Could you imagine the meltdown????

Sell, Sell, Sell!!!

[royalfan5]

Do the stock exchanges have limits like the Merc? I never remember if they do or not.

[sooneron]

I need the option- "Go up, then drop not so much".

[Vaevictis]

Do the stock exchanges have limits like the Merc? I never remember if they do or not.

I believe that most will suspend trading on a security or set of securities (read: the whole exchange if it gets bad enough) if they drop too much; depending on the condition and time of day, they'll either reopen trading in the afternoon or the following day.

(Is that what you meant by "limits?")

[Chuck Bao]

I missed a golden opportunity to sell today. I'm a dumbass and full of fail.

If you step back and take an objective view of it, what are the risks and what are the potential returns? Do you think you may be able to buy back in at a cheaper price over the next three months, especially given the recent volatility?

Anyway, don't pay any attention to me. I'm full of fail, as I may have already mentioned.

[royalfan5]

I believe that most will suspend trading on a security or set of securities (read: the whole exchange if it gets bad enough) if they drop too much; depending on the condition and time of day, they'll either reopen trading in the afternoon or the following day.

(Is that what you meant by "limits?")
Yes. I pay way more attention to the CBOT and Merc because it's much more relevant to what I do. Corn, beans, and wheat have limited up or down quite a few times in the past year.

[soonerinabilene]

Im waiting to get the reports on frozen concentrated orange juice before I decide what to do.

[Hamhock]

Yes. I pay way more attention to the CBOT and Merc because it's much more relevant to what I do. Corn, beans, and wheat have limited up or down quite a few times in the past year.


mmmm...beans and corn bread....mmmm

[stoops the eternal pimp]

Sell, Sell, Sell!!!


http://www.dvdbeaver.com/film2/DVDReviews33/a%20trading%20places%20blu-ray/08_TradingPlaces_BD.jpg

[GottaHavePride]

Im waiting to get the reports on frozen concentrated orange juice before I decide what to do.

I believe I owe you one dollar.

[Curly Bill]

I want the option: go way down, allow Curly Bill to buy at super low prices, then shoot way back up.

[85Sooner]

Pretty even so far.

[stoops the eternal pimp]

maybe Jamie Lee Curtis will show you her boobs to protect her investment

[SanJoaquinSooner]

short oil.

But me, I dollar cost average so this really doesn't change anything for me. Five years from now I'll notice how the shares I bought in early 08 were really cheap and I got a bargain.

[proud gonzo]

Looking good, Billy Ray!

[GottaHavePride]

Feeling good, Louis!

[Chuck Bao]

Asian markets are getting hammered. The Japanese market is down 5.7%, Hong Kong by 7.0%, Thailand 4.4%, Indonesia -10.2%. Even Australia has lost 7.3%.

This is looking bad.

Dow Jones index futures (March settlement) are down 4.6% to 11,546.

[tommieharris91]

short oil.


If what you speak is true, everyone that drives a car will be happy.

Ohh and just wondering, why was this such a ****ty day overseas? Did the markets in Europe do well today?

[SanJoaquinSooner]

Ohh and just wondering, why was this such a ****ty day overseas? Did the markets in Europe do well today?

the world fears a U.S. recession. it would impact the global economy some.

[Chuck Bao]

Asia is having a ****ty day because of fears of further steep declines on Wall Street and a US recession.

Here's one more that I forgot before - the Bombay market is now down 9.5%.

I don't think the European markets are open yet. Yesterday, the CAC40 fell 6.8% and the DAX by 7.2%.

[tommieharris91]

So who stands to gain from a US recession? Europe? China and Japan?

I would think the dollar cannot weaken much further than it already has, especially if some of the economic minds start saying that the value of gold is about to top out. The weak dollar would make US-made goods easier to buy as well because other currencies are strong against the USD.

[Chuck Bao]

Oh, I beg to disagree. The dollar can weaken further, particularly against Asian currencies.

One of the major problems is that the US doesn't have the industrial capability and capacity to fully benefit from the weak dollar.

Someone just showed me this website for tracking global markets.

http://www.marketwatch.com/

[OUsooner1]

methinks it will be a bad day today...some kid lost 30 grand lol...dunno if this is real or not

http://www.youtube.com/watch?v=rCtQL5b_rCM
http://www.youtube.com/watch?v=2qlPW4wSzM8

[sooneron]

Yep, the market will get hammered today. I rescind my previous post.

[TheHumanAlphabet]

http://www.dvdbeaver.com/film2/DVDReviews33/a%20trading%20places%20blu-ray/08_TradingPlaces_BD.jpg

Exactly what I was thinking! :)

[Mjcpr]

Randolph Duke (http://www.imdb.com/name/nm0000897/): Ezra. Right on time. I'll bet you thought I'd forgotten your Christmas bonus. There you are.
Ezra (http://www.imdb.com/name/nm0518880/): Five dollars. Maybe I'll go to the movies... by myself.
Mortimer Duke (http://www.imdb.com/name/nm0000747/): Half of it is from me.
Ezra (http://www.imdb.com/name/nm0518880/): Thank you, Mr. Mortimer.
[mouthing silently]
Ezra (http://www.imdb.com/name/nm0518880/): *******.

[85Sooner]

Here we go. Down over 400 to start

[Mjcpr]

Here we go. Down over 400 to start

What does that have to do with Trading Places? :confused:

[Hamhock]

Randolph Duke (http://www.imdb.com/name/nm0000897/): Ezra. Right on time. I'll bet you thought I'd forgotten your Christmas bonus. There you are.
Ezra (http://www.imdb.com/name/nm0518880/): Five dollars. Maybe I'll go to the movies... by myself.
Mortimer Duke (http://www.imdb.com/name/nm0000747/): Half of it is from me.
Ezra (http://www.imdb.com/name/nm0518880/): Thank you, Mr. Mortimer.
[mouthing silently]
Ezra (http://www.imdb.com/name/nm0518880/): *******.


heh..i've used the "can't get around the minimum wage laws" several times at work.

[TheHumanAlphabet]

Its started...

My company's stock has dropped $4.00 since the opening bell.

[TheHumanAlphabet]

What does that have to do with Trading Places? :confused:

Thread jacker...

[royalfan5]

and the Fed slashes rates by .75%

[tommieharris91]

Now the Dow is showing a (143) right now. I'm hearing the Eurpoean markets responded well to the rate cut.

[stoops the eternal pimp]

My God! The Dukes are going to corner the entire frozen orange juice market!

[Mjcpr]

I think I could be the Fed Chairman. The only time I ever heard Greenspan or the new dude's names was at their meetings when they would raise/cut the interest rate.

The Economy is sucking = cut the rate
The Economy is raking = bump the rate

Easy peasy.

[Mjcpr]

Unless somebody stops them!

[stoops the eternal pimp]

or *beats* them to it.

[Chuck Bao]

They're saying on CNBC that there are expectations of a major Asian rebound today, after yesterday's big loses and the Fed’s unusual action to head off an equities market collapse and rebuild confidence.

Heh! I like these tail wagging the dog arguments. They're right, of course. And, I think the tail will eventually grow a whole new dog.

I'm coming out with a strong view today - BUY early and SELL early.

The Asian sovereign funds are driving a lot of the international liquidity flows these days. But, they’re not buying Asian equities as long as the US looks like such a mess.

I think the arguments about the disconnect of Asian markets needs to be revisited, but it may be too early to buy Asian stocks until that disconnect of the markets bears out. Anyway, go wagging tail!

[royalfan5]

Hey Chuck, which Asian countries have sovereign funds. I know Singapore and China, but who else is active? Malaysia, Thailand, etc?

[Chuck Bao]

Hey Chuck, which Asian countries have sovereign funds. I know Singapore and China, but who else is active? Malaysia, Thailand, etc?

I've been trying to answer this question for several years and I haven't got a straight answer from any of the Asian central banks.

There are avenues for central banks to invest in equities without a special state-owned vehicle for investing in equities, which I think you are referring to in the case of China and Singapore.

For example, Thailand implemented capital controls in Dec 06 to limit short-term speculation on the appreciation of the baht through a 30% withholding tax on fund inflows. The stock market was made exempt of that requirement.

What are central banks to do with their reserve funds?

The Bank of Thailand wants to also set up a sovereign fund, but needs to amend the Bank of Thailand Act. I think they're already trying to get the best return on international reserves, as I assume most Asian banks are given the excess money in the international system.

[Chuck Bao]

Hey Chuck, which Asian countries have sovereign funds. I know Singapore and China, but who else is active? Malaysia, Thailand, etc?

I've been trying to answer this question for several years and I haven't got a straight answer from any of the Asian central banks.

There are avenues for central banks to invest in equities without a special state-owned vehicle for investing in equities, which I think you are referring to in the case of China and Singapore.

For example, Thailand implemented capital controls in Dec 06 to limit short-term speculation on the appreciation of the baht through a 30% withholding tax on fund inflows. The stock market was made exempt of that requirement.

What are central banks to do with their reserve funds?

The Bank of Thailand wants to also set up a sovereign fund, but needs to amend the Bank of Thailand Act. I think they're already trying to get the best return on international reserves, as I assume most Asian banks are given the excess money in the international system

[Soonerus]

Market Masters: CtheB (http://www.soonerfans.com/forums/member.php?u=39636), Flagstaffsooner (http://www.soonerfans.com/forums/member.php?u=36398), jeremy885 (http://www.soonerfans.com/forums/member.php?u=37476), OCUDad (http://www.soonerfans.com/forums/member.php?u=41013), soonerhubler (http://www.soonerfans.com/forums/member.php?u=42437), Soonerus (http://www.soonerfans.com/forums/member.php?u=36730)

[Chuck Bao]

This is from my link and I can’t quite catch their meaning.

They may be a bull or a bear, but the bull or bear **** is apparent.

http://img5.ranchoweb.com/images/kanunu/steeplosthaohshirt.jpg

[royalfan5]

I've been trying to answer this question for several years and I haven't got a straight answer from any of the Asian central banks.

There are avenues for central banks to invest in equities without a special state-owned vehicle for investing in equities, which I think you are referring to in the case of China and Singapore.

For example, Thailand implemented capital controls in Dec 06 to limit short-term speculation on the appreciation of the baht through a 30% withholding tax on fund inflows. The stock market was made exempt of that requirement.

What are central banks to do with their reserve funds?

The Bank of Thailand wants to also set up a sovereign fund, but needs to amend the Bank of Thailand Act. I think they're already trying to get the best return on international reserves, as I assume most Asian banks are given the excess money in the international systemMy new issue of the Economist had a big write up on it yesterday. China and Singapore are the only big Asian players write now, with ME oil players, Norway and Alaska rounding out the top ten.

[Chuck Bao]

My new issue of the Economist had a big write up on it yesterday. China and Singapore are the only big Asian players write now, with ME oil players, Norway and Alaska rounding out the top ten.

I find that hard to believe. There are many ways besides setting up a specific state-owned investment funds and taking a direct equity stake. The Economist is probably correct given the published statistics.

Okay, you are managing billions of dollars of state reserves overseas and what do you do?

You are trying to achieve a diversified portfolio but the fixed income yields in a particular country are near zero. What do you do? Invest in that particular country's stock market of course.

Investment banks are lining up to help you through stock market funds and other avenues. They're not saying that, but they have to do that. This, to me, is evident in Thailand.

[royalfan5]

I find that hard to believe. There are many ways besides setting up a specific state-owned investment funds and taking a direct equity stake. The Economist is probably correct given the published statistics.

Okay, you are managing billions of dollars of state reserves overseas and what do you do?

You are trying to achieve a diversified portfolio but the fixed income yields in a particular country are near zero. What do you do? Invest in that particular country's stock market of course.

Investment banks are lining up to help you through stock market funds and other avenues. They're not saying that, but they have to do that. This, to me, is evident in Thailand.That's just the top 10. There are others out there that are quite big as well.