CrashIsUnderWay Posted June 1, 2006 Share Posted June 1, 2006 a long time ago, one of the most important lessons I ever learned while trading the stock markets I learned early. "You can't fight the market". It doesn't matter who you are or how big you are, the market is bigger. Even governments can't stop a market in full flow. Just as nothing any of us could do could stop the market when it was rising pre-2005, nothing anyone can do now can stop it falling. It's just too big. And if you are 'long and wrong' - you need to head for the exit fast. At least if you get out alive you can lick your wounds and come back to fight another day. An obvious point, but one I feel worth stating as we begin the global cycle of interest rate rises that will crucify those 'entrepreneurs' (read: gamblers) who over-leveraged under the expectation that '20% per year' was somehow sustainable. Quote Link to comment Share on other sites More sharing options...
Ritters Posted June 1, 2006 Share Posted June 1, 2006 Exactly, it's like a group of canoeists trying to stop a ferry from running aground Quote Link to comment Share on other sites More sharing options...
CrashIsUnderWay Posted June 1, 2006 Author Share Posted June 1, 2006 I used to have a landlord called Mr Ritters when I was a student.He was a decent old stick. U dont live in west london by any chance do ya? Quote Link to comment Share on other sites More sharing options...
Ritters Posted June 1, 2006 Share Posted June 1, 2006 Oh blimey no, he sounds a lot older than me. I'm in Sussex Plus, i'd never want to be a landlord in this country. If I had that sort of money to hand i'd be living anywhere other than blighty. Quote Link to comment Share on other sites More sharing options...
CrashIsUnderWay Posted June 1, 2006 Author Share Posted June 1, 2006 Oh blimey no, he sounds a lot older than me. I'm in Sussex Plus, i'd never want to be a landlord in this country. If I had that sort of money to hand i'd be living anywhere other than blighty. He he. As for 'holding back the tide'... to me, with the perspective of not wanting to own in the UK anymore, and having a FAB time in italy, I'm irresistably reminded of Nick Leeson raging into the SIMEX pits like some kind of blubbery terminator, screaming BUY BUY BUY as all around him, sensible singos sold whatever they could get their hands on to 'that fat western moron'... He singlehandedly propped the market up for 6 months with fraud and giant iron balls. The cost? Barings Bank. It's about to be repeated, but on a much larger scale. Oh boy. Amazing times to be living thru! Quote Link to comment Share on other sites More sharing options...
Guest Winners and Losers Posted June 1, 2006 Share Posted June 1, 2006 He he. As for 'holding back the tide'... to me, with the perspective of not wanting to own in the UK anymore, and having a FAB time in italy, I'm irresistably reminded of Nick Leeson raging into the SIMEX pits like some kind of blubbery terminator, screaming BUY BUY BUY as all around him, sensible singos sold whatever they could get their hands on to 'that fat western moron'... He singlehandedly propped the market up for 6 months with fraud and giant iron balls. The cost? Barings Bank. It's about to be repeated, but on a much larger scale. Oh boy. Amazing times to be living thru! Tu se italiano? Quote Link to comment Share on other sites More sharing options...
DonnieDarker Posted June 1, 2006 Share Posted June 1, 2006 (edited) Dont understand the point of this posting. The market is hardly falling through the floor is it? In fact, my opinion is that there are some interesting buying opportunities out there at the moment. Take aim, and ready that trigger. Whilst the housing market continues to flatline there's money to be made elsewhere. Edited June 1, 2006 by DonnieDarker Quote Link to comment Share on other sites More sharing options...
CrashIsUnderWay Posted June 1, 2006 Author Share Posted June 1, 2006 The point is, DonnieDimwit, that there are severe limits to market manipulation. The current 'flatline' is a miracle of plate spinning. In fact, it's Gordenron Brownes' only 'miracle'. And not even by devoting the entire tax take of your chav island into propping it up can he keep those plates spinning much longer. Nope, I'm not italian. I'm just enjoying the weather and tax advantages here while I decide where to buy when the market has collapsed globally. Next stop France. Quote Link to comment Share on other sites More sharing options...
DonnieDarker Posted June 1, 2006 Share Posted June 1, 2006 The point is, DonnieDimwit, that there are severe limits to market manipulation. The current 'flatline' is a miracle of plate spinning. In fact, it's Gordenron Brownes' only 'miracle'. And not even by devoting the entire tax take of your chav island into propping it up can he keep those plates spinning much longer. Nope, I'm not italian. I'm just enjoying the weather and tax advantages here while I decide where to buy when the market has collapsed globally. Next stop France. Clearly you've been away long enough to forget the English tradition of manners. You go on watching and waiting and watching and waiting... Quote Link to comment Share on other sites More sharing options...
patprimer74 Posted June 1, 2006 Share Posted June 1, 2006 "You can't fight the market". Furthermore: "The market can stay irrational longer than you can stay solvent." Keynes. p Quote Link to comment Share on other sites More sharing options...
CrashIsUnderWay Posted June 1, 2006 Author Share Posted June 1, 2006 An irrational market can only hurt you if you have a position in it. I dont anymore. I will when it's reverted back to the mean. Quote Link to comment Share on other sites More sharing options...
29929BlackTuesday Posted June 1, 2006 Share Posted June 1, 2006 Clearly you've been away long enough to forget the English tradition of manners. You go on watching and waiting and watching and waiting... The Italians are impossibly rude. And they will (have done) try to rip you off at every turn. Went to a civil wedding there last year and the lazy beggar doing the ceremony didn't have a shirt on under his shiny suit! Questo Qui? "YEs, eet ees 10 euros for lunch! Oh? No! now you have eaten I mean 10 euros each!" Shudder. Quote Link to comment Share on other sites More sharing options...
BuyingBear Posted June 1, 2006 Share Posted June 1, 2006 Housing is as near to a 'free market' as the mafia is to incorruptibility. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.