hmmm...

metal stocks in china today - Limit Down
Dalian CPO - Limit Down for a while but close off low..

every ppl in china crazy stocking metal(copper) at backyard/home
money borrowed should put/expand to business but diverted to equities like crazy.

could be another 'Tulip Mania'

In a long term, the trend is alway UPTREND... should not worry but if every day monitoring/speculating stock, that is very short term.

but most of us tend to short/medium term....


USA - jobless still climbing (if total all from beginning - no data if they getting job), ppl r turning from spender -> saver (lot of cut back) = not spending enuf..
banking sector - hit hard but can make billion and lost billion, if lost get help from gov..


maybe selling mask is a good short term business...

thanks for your interest, the blogspot is still working, I haven't updated it since long long time ago when i was still studying. Old rants ....


Quote "
That's the whole point.
In western economies - DEBT = WEALTH. "

That is true but in this context, where does the wealth comes from when everyone is bankrupt?

This post has been edited by ante5k: Aug 17 2009, 10:55 PM

HOPE & GREED!!

Yes, the idea is the spend themselves into prosperity.
Now.. why didn't we think of that huh?

Hi Debbie, if I buy futures, can I extend the deadline?

what you mean by extending the deadline?

If everyone were to save all their money, and just HOPE a better tomorrow, let see how the economy self destruct

I've heard some people talking about "rollover" but I don't know how it works.

the contract is 1 month. can i further extend it?

Precisely.
The West's nightmare scenario is to have a Japanese-style "Lost Decade".

The western governments will do anything - are doing almost anything - to get consumers to spend again. And that means debt and freeing-up the supply of credit. The problem right now is that western banks are holding onto the Q.E. money to re-build their balance sheets rather than increasing available credit to Joe Public.

In the UK (for example) - BOE BLR is 0.5% and LIBOR is at historical lows - but the banks are charging 6%/7% for mortgage lending with 20%/25% LTV - so no one can afford to borrow - especially with the growing threat of unemployment.

THAT is the nub of the whole problem. But...it is solvable...

This post has been edited by David_Brent: Aug 17 2009, 11:01 PM

Rollover you mean, right?

ikan bilis like me are not allowed to rollover, but sharks, yes.

I wouldn't be so fast to pull the BUY trigger yet if you're long. When I said 10%-15% pullback, it means on general indices. Since some volatile stocks have moved up more, they could move down even more.

Stocks are clearly overbought.. hence the excuse here now are the retracement, profit taking, consumer sentiments.. all lump into one.

We shall see if there are buyers later at closing and if are, that means sideliners are still waiting.
If not, we'll continue to see down trend tomorrow and perhaps through the rest of the week.

Meanwhile, I'll just let my remaining shorts ride the bear.

Oh yeah! Down Baby Down!

But - it's not a new concept - is it?
That has been the whole basis of western capitalism since Bretton Woods....

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Added on August 17, 2009, 11:05 pmEasy.

Cash is simply being "created" out of thin air.by the central banks.

No problem!

This post has been edited by David_Brent: Aug 17 2009, 11:05 PM

There is no extension on futures contract, once expired, need to settle.

But one can rollover the contract each month by selling the spot month, then buying the next month contract.

Just like now is Aug is spot month, so it will expire on 28 of Aug. So on 28 Aug, you sell at 1160 (let say) and (if you are long in the first place) the Aug contract, at the same time, buy the Sept contract at 1160 which incurred Rm25 trade commission on both transaction, it is a rollover already, as you artificially extend the length of the futures which you own. You rollover the contract with Rm50.

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Added on August 17, 2009, 11:10 pmSo in this way, you can hold the futures for long term investing purposes.

This post has been edited by cherroy: Aug 17 2009, 11:10 PM

True. Money was never real in the first place

Thank you Cherroy and Debbie.

Jason, is bstead still in your wanted list?

This post has been edited by espree: Aug 17 2009, 11:16 PM

The corollary of which is that debt/credit does not exist and that therefore debt does not ever need to be re-paid.

Try telling that to CitiBank when they send you your Visa credit card statement!

Yup. Planning to consolidate all my stocks to 25%-finance, 25%-plantation, 10%- ONG and 40%-long long term stocks from consumer products etc

No Land/Construction/Infra-structure related counters?

All dump lump sump to the 40%.

In actual facts I already have a lot of property, constuction, steel counters that on and off also give dividend. So dunno should consolidate further or not

This post has been edited by jasontoh: Aug 17 2009, 11:27 PM