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Thread: Stock market crash

  1. #1
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    Default Stock market crash

    Will we being seeing some very good bargains on B&S soon?

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    Senior Member wildcat's Avatar
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    Default Re: Stock market crash

    Don't think selling one's 1DMk3 will help... probably need to sell off one's Ferrari and condo.

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    Default Re: Stock market crash

    Quote Originally Posted by wildcat View Post
    Don't think selling one's 1DMk3 will help... probably need to sell off one's Ferrari and condo.
    Not gloating at one's misfortune.
    Me myself had significant paper losses too.
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    Moderator ortega's Avatar
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    Default Re: Stock market crash

    this only means that it is a good time to buy stocks

  5. #5
    Senior Member limwhow's Avatar
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    Default Re: Stock market crash

    Quote Originally Posted by ortega View Post
    this only means that it is a good time to buy stocks
    I would certainly Ditto that.

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    Moderator diver-hloc's Avatar
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    Default Re: Stock market crash

    Quote Originally Posted by ortega View Post
    this only means that it is a good time to buy stocks

    True.... but only if you have CASH in the 1st place

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    Default Re: Stock market crash

    If cannot go long, go short lor....

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    Default Re: Stock market crash

    And observe it go lower?

    Quote Originally Posted by ortega View Post
    this only means that it is a good time to buy stocks

  9. #9
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    Default Re: Stock market crash

    Quote Originally Posted by Limsgp View Post
    And observe it go lower?
    the market is like a roller coaster, up and down, up and down

    if it drops to bargain levels for a good stock, then just buy and wait for it to go up, which it eventually will.

    but DO NOT buy with money that you do not already have and/or cannot afford to tie up for a long period of time.

    at which point of the roller coaster ride you decide to get on, is entirely up to you.

  10. #10
    Senior Member wildcat's Avatar
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    Default Re: Stock market crash

    Quote Originally Posted by Limsgp View Post
    If cannot go long, go short lor....
    Sorry... if only you shorted earlier this week, then by now will be richer already.

  11. #11
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    Default Re: Stock market crash

    Quote Originally Posted by ortega View Post
    the market is like a roller coaster, up and down, up and down

    if it drops to bargain levels for a good stock, then just buy and wait for it to go up, which it eventually will.

    but DO NOT buy with money that you do not already have and/or cannot afford to tie up for a long period of time.

    at which point of the roller coaster ride you decide to get on, is entirely up to you.
    agree fully with buy with money you have, NEVER contra.

    you never know which part of the roller coaster ride you are joining. you only find out later on in the ride....

    being bitten last year and now, I've decided to put more money aside for prepayment of my mortgage and reduce on shares in the future, until all/most of my mortgage is paid off.

    This is definitely not what I would want to do in the past. I was hoping to spread my mortgage out as much as possible. But since last year, job security became a concern because company is bleeding... so changed plan.

  12. #12
    Senior Member wildcat's Avatar
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    Default Re: Stock market crash

    Quote Originally Posted by ortega View Post
    the market is like a roller coaster, up and down, up and down

    if it drops to bargain levels for a good stock, then just buy and wait for it to go up, which it eventually will.

    but DO NOT buy with money that you do not already have and/or cannot afford to tie up for a long period of time.

    at which point of the roller coaster ride you decide to get on, is entirely up to you.
    Hmm... that's what they say about gambling at the IR also

  13. #13
    Moderator ortega's Avatar
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    Default Re: Stock market crash

    Quote Originally Posted by wildcat View Post
    Hmm... that's what they say about gambling at the IR also
    gambling at the IRs is different, the important thing to know/do is
    to know when to stop and be able to walk away from the table

    the odds are always in favour of the Casino

  14. #14
    Senior Member wildcat's Avatar
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    Default Re: Stock market crash

    Quote Originally Posted by ortega View Post
    gambling at the IRs is different, the important thing to know/do is
    to know when to stop and be able to walk away from the table

    the odds are always in favour of the Casino
    Yes, the odds are, and when playing stocks, can always make "informed" choices.

    What I meant were the quotes...

    "gambling" is like a roller coaster, up and down, up and down

    if the odds are good for your cards, then just buy and "pray" for it to go up, which it eventually will.

    but DO NOT "gamble" with money that you do not already have and/or cannot afford to tie up for a long period of time.

    at which point of the roller coaster ride you decide to get on, is entirely up to you.

  15. #15

    Default Re: Stock market crash

    Quote Originally Posted by wildcat View Post
    Hmm... that's what they say about gambling at the IR also
    I'm not a expert in investment.

    But i think for casino, the gambler usually loses if he stays for long term.
    For investment, the odds of winning is more in the long run.
    But neither should use money that one can't afford to lose.

    By the way, market crash meh?
    Last edited by ahbian; 7th May 2010 at 12:16 PM.

  16. #16

    Default Re: Stock market crash

    i am curious how you intend to short the markets? through sgx exchange?

  17. #17
    Moderator ortega's Avatar
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    Default Re: Stock market crash

    from what i see, drop a bit, crash no
    make me excited for nothing

  18. #18

    Default Re: Stock market crash

    Quote Originally Posted by ahbian View Post
    I'm not a expert in investment.

    But i think for casino, the gambler usually loses if he stays for long term.
    For investment, the odds of winning is more in the long run.
    But neither should use money that one can't afford to lose.
    you are an expert! that is correct for both gambler and personal investment (but i wouldn't use odds of winning for investment).

  19. #19

    Default Re: Stock market crash

    technically it is not a crash.

    it is more the market reacting to unfavorable news. in any case, there has been heavy buying for the past few weeks.

  20. #20

    Default Re: Stock market crash

    http://sg.news.yahoo.com/afp/2010050...l-972e412.html

    Panic sends Dow to worst ever drop
    AFP - Friday, May 7

    NEW YORK (AFP) - Panic selling swept US markets on Thursday as the Dow Jones suffered a record drop of almost 1,000 points before recouping more than half those losses.

    It was unclear whether the sudden sell-off, the Dow's biggest ever intra-day drop, was the result of fears over the Greek debt crisis, a mistaken trade or a technical error.

    The crash began shortly before 2:25 local time, when in a white-knuckle 20 minutes America's top 30 firms saw their share prices dive 998.5 points, almost nine percent, wiping out billions in market value.

    The drop eclipsed even the crashes seen when markets reopened after September 11, 2001 and in the wake of the Lehman Brothers collapse.

    The Dow later recovered, closing nearly four percent down, but spooked traders were left wondering whether a glitch had caused the blue-chip index to erode three months of solid gains.

    Rumors swirled that a Citigroup trader had mistakenly sold 16 billion rather than 16 million stocks in Procter and Gamble, forcing the Dow down.

    Shares in the consumer goods giant lost more than seven dollars, falling in a similar pattern to the Dow, trading at a low of 55 dollars a share on the New York Stock Exchange.

    "At this point, we have no evidence that Citi was involved in any erroneous transaction," said company spokesman Stephen Cohen.

    A spokesperson for the New York Stock Exchange said there had been no technical problems on the exchange.

    "We did not have any glitches or technical issues," said Eric Ryan.

    But after three days in which stocks have suffered triple-digit intra-day losses because of concern about Greece's debt crisis, it was clear that the sell-off was real for some investors.

    At the close, the Dow had recovered to 10,520.32, down 347.80 (3.20 percent), while the Nasdaq was down 82.65 points (3.44 percent) at 2,319.64. The Standard & Poors 500 Index was down 37.72 points (3.24 percent) to 1,128.15.

    Images of rioting as the Greek parliament passed unpopular austerity measures did little to ease market panic.

    The parliament approved billions of euros of spending cuts pledged in exchange for a 110 billion euro (140 billion dollar) EU-IMF bailout just one day after three bank workers died in a firebomb attack during a huge protest.

    On Thursday, police charged to scatter hundreds of youths at the tail-end of a new protest outside parliament that drew more than 10,000 people.

    In Lisbon, European Central Bank chief Jean-Claude Trichet battled to reassure financial markets that Greece's debt crisis would not end in default, but could not prevent the euro from falling to a 14-month low against the dollar.

    Pleas for patience from the White House also had little impact.

    The White House said that reforms in Greece were "important" but would take time and that the US Treasury was monitoring the situation.

    "The president has heard regularly from his economic team," said White House spokesman Robert Gibbs, adding that President Barack Obama's top economic officials were closely communicating with their European counterparts.

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