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Black Monday and the rest of the week too! Rate Topic: -----

#1 User is offline   killerbee 

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Posted 31 July 2011 - 07:05 AM

Been around hpc so long it's about time I had a go.

#2 User is online   GloomMonger 

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Posted 31 July 2011 - 07:16 AM

No chance, the US will raise the debt ceiling and the markets will love it. What a waste of BM call. You want to withdraw it?:-P

#3 User is offline   killerbee 

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Posted 31 July 2011 - 07:27 AM

Yes it was foolish but I just couldn't resist starting a Black Monday thread.

I will stand by the call as they probably won't do the deal over the weekend anyway.

#4 User is offline   Grrrr I'm a tiger 

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Posted 31 July 2011 - 07:32 AM

This call could go down as a record. :lol:
it is, until it isn't tm

#5 User is offline   Pent Up 

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Posted 31 July 2011 - 07:53 AM

View PostGloomMonger, on 31 July 2011 - 07:16 AM, said:

No chance, the US will raise the debt ceiling and the markets will love it. What a waste of BM call. You want to withdraw it?:-P


I don't know, if they don't agree a deal today could be a very jittery Market on Monday.
Remember that buying a house is a highly leveraged investment and can result in losses that exceed your initial deposit. Buying a house may not be suitable for everyone, so please ensure that you fully understand the risks involved.


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#6 User is offline   JimDiGritz 

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Posted 31 July 2011 - 08:18 AM

A compromise deal will be reached on Sunday (today)

Monday will be a global bonanza for the equities markets. All major indices up 2%+

Gold/Silver will drop 2-3%

Maybe by Tuesday the bond markets and ratings agencies will start to price in the inevitable QE3 and then markets resume their slide.

My 2p's worth.

Jim
Face the facts. Then act on them.

It's the only mantra I know, the only doctrine I have to offer you, and it's harder than you think, because I swear humans seem hardwired to do anything but.

Face the facts. Don't pray, don't wish, don't buy into centuries old dogma and dead rhetoric. Don't give in to your conditioning or your visions or your ******ed up sense of... whatever.

FACE THE FACTS. THEN ACT.

#7 User is offline   Gone to Ireland. 

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Posted 31 July 2011 - 09:12 AM

Hope the markets don't fall on Monday, just shoved half of our savings into Sainsburys :unsure:

This post has been edited by khards: 31 July 2011 - 09:13 AM

2nd May 2012 12:00 - I am calling the London top!
In the next 12 months London will fall by >10%

http://www.estateage...le-at-over-500k
Wonder how many illegal immigrants you'd have to squeeze in there to make this a savvy investment?
Posted Image

#8 User is offline   Roman Roady 

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Posted 31 July 2011 - 09:26 AM

View PostJimDiGritz, on 31 July 2011 - 08:18 AM, said:

A compromise deal will be reached on Sunday (today)

Monday will be a global bonanza for the equities markets. All major indices up 2%+

Gold/Silver will drop 2-3%

Maybe by Tuesday the bond markets and ratings agencies will start to price in the inevitable QE3 and then markets resume their slide.

My 2p's worth. late

Jim


Agree...but they are leaving it rather late.

What if they dont reach agreement.
If you want to tell people the truth, make them laugh, otherwise they'll kill you.

#9 User is offline   Henrik 

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Posted 31 July 2011 - 09:30 AM

View Postkhards, on 31 July 2011 - 09:12 AM, said:

Hope the markets don't fall on Monday, just shoved half of our savings into Sainsburys :unsure:


Me too! Did the weekly shop earlier :(

#10 User is offline   Gone to Ireland. 

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Posted 31 July 2011 - 09:45 AM

View PostHenrik, on 31 July 2011 - 09:30 AM, said:

Me too! Did the weekly shop earlier :(


Thanks you have just made me 0.000153p richer!
2nd May 2012 12:00 - I am calling the London top!
In the next 12 months London will fall by >10%

http://www.estateage...le-at-over-500k
Wonder how many illegal immigrants you'd have to squeeze in there to make this a savvy investment?
Posted Image

#11 User is offline   Steve Smith 

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Posted 31 July 2011 - 09:49 AM

View PostJimDiGritz, on 31 July 2011 - 08:18 AM, said:

A compromise deal will be reached on Sunday (today)

Monday will be a global bonanza for the equities markets. All major indices up 2%+

Gold/Silver will drop 2-3%



So I'm not the only one who thinks this - 10K in BV waiting.

#12 User is offline   sesim 

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Posted 31 July 2011 - 09:50 AM

Black Decade. I'm calling it.

#13 User is offline   Gone to Ireland. 

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Posted 31 July 2011 - 09:56 AM

The US will raise the debt ceiling. It is an absolute given.

If they don't they won't be able to pay pensions and social security and they know that that will result in riots and social upgeaval like has never been seen before.


Why are they putting on this show at the moment?
Is it just political grandstanding or are they trying to cover up some other bad news?

Is this little show to make European debt look 'relatively' safer? It's already pushing down UK gilts.
2nd May 2012 12:00 - I am calling the London top!
In the next 12 months London will fall by >10%

http://www.estateage...le-at-over-500k
Wonder how many illegal immigrants you'd have to squeeze in there to make this a savvy investment?
Posted Image

#14 User is offline   Davetolbooth 

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Posted 31 July 2011 - 10:03 AM

My experience of investing, suggests that the markets do the exact opposite to expectations.

If America gets down graded, then there may be a rally, because the markets feel the global debt issue is coming to a head.

Just a thought.....I'm usually wrong!!

#15 User is offline   Roman Roady 

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Posted 31 July 2011 - 10:03 AM

View Postsesim, on 31 July 2011 - 09:50 AM, said:

Black Decade. I'm calling it.


Good call...pretty safe on that!
If you want to tell people the truth, make them laugh, otherwise they'll kill you.
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