SalK Posted February 11, 2009 Share Posted February 11, 2009 Any thoughts on the rate going down to 1.07 Euro to the £ in the next week or so? The volatility is shocking. Can't seem to read the market right. Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted February 11, 2009 Share Posted February 11, 2009 Well if anybody could read the market 100% of the time hell even 51% of the time they would be seriously wealthy. Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted February 11, 2009 Share Posted February 11, 2009 Well if anybody could read the market 100% of the time hell even 51% of the time they would be seriously wealthy. Indeed and in a couple of years they would own the world. Quote Link to comment Share on other sites More sharing options...
Sledgehead Posted February 11, 2009 Share Posted February 11, 2009 Well if anybody could read the market 100% of the time hell even 51% of the time they would be seriously wealthy. Funny how all the pros are finding these markets challenging. I was always led to believe (by those same pros) that volatility = opportunity. Hay-ho! Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted February 11, 2009 Share Posted February 11, 2009 Funny how all the pros are finding these markets challenging. I was always led to believe (by those same pros) that volatility = opportunity. Hay-ho! I dunno the thing is you get people buying and people selling and thus it balances itself out... I think a guy on a TVB (HK TV station) programme got it right when I was in HK in that he stated that the stock market isn't what it used to be , in the 1970s when he was all powerful or something , before buying he would have analyists look at the company very carefully for a few days before deciding to buy or sell... He'd finished by saying that effectively all the worlds stock markets and currency exchange / futures / hedge funds and such like had changed and had become little more than bookies big bookies and it was no different from going into a casino and putting it on the roulette wheel. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted February 11, 2009 Share Posted February 11, 2009 (edited) Any thoughts on the rate going down to 1.07 Euro to the £ in the next week or so?The volatility is shocking. Can't seem to read the market right. using RKharma-analystatistics™ , I think it could go up or down. edited - yes it will go down. parity very soon. The truths out now.......sterling is BURNT TOAST Pluto™ edit 2 - Mandy says so. Edited February 11, 2009 by grumpy-old-man-returns Quote Link to comment Share on other sites More sharing options...
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