Tuesday, October 14, 2008

They’re Now Open and Down 76% Today Though

Iceland stock market to stay shut

Iceland Stock Exchange Falls 76% In First Trading Since Wednesday.

Posted by renting2 @ 11:10 AM (720 views)
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8 thoughts on “They’re Now Open and Down 76% Today Though

  • sold 2 rent 1 says:

    This will be the UK stock market in October 2010.

    The bank bailouts will ramp up again in October 2009 causing inflation and gold to sky-rocket into spring 2010. But by October 2010 the public would have withdrawn from “western civilisation”; using community based currencies instead on national fiat ones.

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  • theboltonfury says:

    if you’re right, i won’t mind that at all

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  • mark wadsworth says:

    Wouldn’t it be simpler to assume that Icelandic shares are worthless, reset prices to nil and then watch them rise again?

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  • So closed they’re still stuck in yesterdays news article :O) Btw sold 2 rent 1 why don’t you say events might happen instead of being so absolute. It really isn’t very becoming.

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  • planning4acrash says:

    Mark. What you are suggesting is half right. The correct policy is 2 assume that goverment intervention misprices risk, so, relegalize short selling, withdraw govt funding, watch the stocks tank 4 a day, then rise sustainably as the economy improves.

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  • planning4acrash says:

    Short selling is the correct mechanism 4 assessing the market bottom. A government reset 2 zero would b a greater tyranny than govt market support, coz Goldmans wld come & buy the entire economy4 free over secret weekend meetings if that occured.

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  • planning4acrash says:

    Short sellers assess the bottom by collectively analyzing company worth, betting on their analyses & promising to buy shares back at that level, thus supporting an informed assessment of the realistic share value/market capitalization of a company.

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  • planning4acrash says:

    The opposite players,long buyers,limit bubbles by agreeing2 sell when rising share prices reach the level assessed2 b correct by market participants. So, the collective actions of thousands of short & long sellers provides better market stability thn govt

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