guitarman001 Posted August 6, 2011 Share Posted August 6, 2011 My speculations took the form of short-term spreadbets which never worked out. I also hold long-term AIM companies which I hope come to fruition (miners - who'd have thought metal miners would be DOWN right now!?) Quote Link to comment Share on other sites More sharing options...
_w_ Posted August 6, 2011 Share Posted August 6, 2011 Investment whilst a form of speculation is all about yield, Speculation is based on nothing more than Capital Gain, that is a fundamental difference +1 Quote Link to comment Share on other sites More sharing options...
Harry Sacks Posted August 6, 2011 Share Posted August 6, 2011 The whole "traders with their heads in hands" thing is pure propaganda. The bidding up of the FTSE has been done with other people's money. The banksters are shorting the lot. Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted August 6, 2011 Share Posted August 6, 2011 My speculations took the form of short-term spreadbets which never worked out. I also hold long-term AIM companies which I hope come to fruition (miners - who'd have thought metal miners would be DOWN right now!?) Have you considered Vegas ? It's all over pretty quickly and the odds are well defined. Great restaurants as well. Quote Link to comment Share on other sites More sharing options...
guitarman001 Posted August 6, 2011 Share Posted August 6, 2011 Have you considered Vegas ? It's all over pretty quickly and the odds are well defined. Great restaurants as well. Was just thinking this today!! If ever I get back into investing (I'm leaving my 'investments' alone for years now and consider it dead money - all new monies go straight into the bank (eek) with some into gold) then I'll put some into managed funds. Vegas sounds great. Hey, why don't a group of us from HPC get together and do a 'The Hangover' !? Quote Link to comment Share on other sites More sharing options...
200p Posted August 7, 2011 Share Posted August 7, 2011 (edited) Here's the famous trader that lost a ton of money and posted it on Youtube in the 2008 crash. He took the video down after it went viral, but it was reposted recently http://www.youtube.com/watch?v=NYeLrcWFitY EDIT - WARNING IT CONTAINS STRONG LANGUAGE Original source http://highprobability.blogspot.com/2008/01/stock-market-ruined-my-life.html Edited August 7, 2011 by Money Spinner Quote Link to comment Share on other sites More sharing options...
Pent Up Posted August 8, 2011 Share Posted August 8, 2011 How did we open? I've got a 15 min delay on my doomberg app. Quote Link to comment Share on other sites More sharing options...
TruraBuoy Posted August 8, 2011 Share Posted August 8, 2011 Down 1.2 percent 5194 Quote Link to comment Share on other sites More sharing options...
FIGGY Posted August 8, 2011 Share Posted August 8, 2011 (edited) FTSE 100 down 70pts at the open then managed to climb 20pts Edited August 8, 2011 by FIGGY Quote Link to comment Share on other sites More sharing options...
FIGGY Posted August 8, 2011 Share Posted August 8, 2011 FTSE just smashed its way through todays opening figure, on its way to the moon no doubt, backed by the ECB printing pressing going into overdrive Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 8, 2011 Share Posted August 8, 2011 FTSE just smashed its way through todays opening figure, on its way to the moon no doubt, backed by the ECB printing pressing going into overdrive We are all saved !!!! Quote Link to comment Share on other sites More sharing options...
fluffy666 Posted August 8, 2011 Author Share Posted August 8, 2011 FTSE just smashed its way through todays opening figure, on its way to the moon no doubt, backed by the ECB printing pressing going into overdrive RBS and BNP being today's highest gainers so far, probably because they'll be the only banks left at the end of the week at this rate... Quote Link to comment Share on other sites More sharing options...
FIGGY Posted August 8, 2011 Share Posted August 8, 2011 (edited) I think the european bank rumors may be the turning point to make everything turn red, although the Italian markets are up 2.5% so who knows. I'm working from home today its going to be fun to watch the FTSE Edited August 8, 2011 by FIGGY Quote Link to comment Share on other sites More sharing options...
Lepista Posted August 8, 2011 Share Posted August 8, 2011 Investment whilst a form of speculation is all about yield, Speculation is based on nothing more than Capital Gain, that is a fundamental difference Whilst true, in that scenario, the speculators can drive up the price of the asset to make the investors costst too high to put money in. Now if only there were a corallory that we could apply to the housing market... Quote Link to comment Share on other sites More sharing options...
moneyscam Posted August 8, 2011 Share Posted August 8, 2011 (edited) I think the european bank rumors may be the turning point to make everything turn red, although the Italian markets are up 2.5% so who knows. I'm working from home today its going to be fun to watch the FTSE Euro interbank lending a little bit stressed relative to recent performance, over a longer time frame though we're not anywhere near 2008 levels yet. $ and £ interbank calm so far Edited August 8, 2011 by moneyscam Quote Link to comment Share on other sites More sharing options...
nmarks Posted August 8, 2011 Share Posted August 8, 2011 Well, that was a total anticlimax. Always amusing to watch the rolling news channels continue to report a story that has patently come to nothing. Quote Link to comment Share on other sites More sharing options...
libspero Posted August 8, 2011 Share Posted August 8, 2011 Well, that was a total anticlimax. Always amusing to watch the rolling news channels continue to report a story that has patently come to nothing. I think we're waiting for the US to lead the way again.. flat until lunch (minus some world shaking news). Quote Link to comment Share on other sites More sharing options...
MrFlibble Posted August 8, 2011 Share Posted August 8, 2011 FTSE just smashed its way through todays opening figure, on its way to the moon no doubt, backed by the ECB printing pressing going into overdrive Yes TPTB are going to solve the worlds debt crisis by injecting more debt which will ultimately end in monetization. We may as well just merge the US Dollar, Euro and Sterling into a new currency called Dog Shit, because that's what they'll all be worth when this is through. Still so long as the Banksters have a pile of chips to game on the global money markets then nothing else matters. Quote Link to comment Share on other sites More sharing options...
buzzardo Posted August 8, 2011 Share Posted August 8, 2011 I think we're waiting for the US to lead the way again.. flat until lunch (minus some world shaking news). Eh? just broke down through 5200 twice in the last couple of minutes, now down at 5189. Doesn't look too flat to me!! What charts are you watching, out of interest? I like these guys http://www.livecharts.co.uk/MarketCharts/futsee.php but always interested if others have good alternatives. Working from home too today - looks like a fun ride B Quote Link to comment Share on other sites More sharing options...
leicestersq Posted August 8, 2011 Share Posted August 8, 2011 Yes TPTB are going to solve the worlds debt crisis by injecting more debt which will ultimately end in monetization. We may as well just merge the US Dollar, Euro and Sterling into a new currency called Dog Shit, because that's what they'll all be worth when this is through. Still so long as the Banksters have a pile of chips to game on the global money markets then nothing else matters. Yes, the ECB's actions are moving rotten debt from banks that should be allowed to go under, onto the tab of the state or its Central Bank proxy. Sad to say the only way to protect against this is gold. (sorry mods, but gold is relevant here). Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted August 8, 2011 Share Posted August 8, 2011 The banks are up, presumably because people are figuring that they are too big to fail and that Osbourne will bail them out again... but mining stocks are going, no pun, down. Quote Link to comment Share on other sites More sharing options...
leicestersq Posted August 8, 2011 Share Posted August 8, 2011 The banks are up, presumably because people are figuring that they are too big to fail and that Osbourne will bail them out again... but mining stocks are going, no pun, down. TMP, as I pointed out, the latest exercise is all about transferring bad debt from the banks to the state. That usually makes the banks worth more. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 8, 2011 Share Posted August 8, 2011 The banks are up, presumably because people are figuring that they are too big to fail and that Osbourne will bail them out again... but mining stocks are going, no pun, down. It's like a BIG Gotcha. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted August 8, 2011 Share Posted August 8, 2011 Yes, the ECB's actions are moving rotten debt from banks that should be allowed to go under, onto the tab of the state or its Central Bank proxy. Sad to say the only way to protect against this is gold. (sorry mods, but gold is relevant here). And where does one store it? Quote Link to comment Share on other sites More sharing options...
leicestersq Posted August 8, 2011 Share Posted August 8, 2011 And where does one store it? I left mine in a gold trading shop in Tottenham. The price for storing there were very reasonable. Quote Link to comment Share on other sites More sharing options...
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