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call for calm after stock wipeout
02-05-2014, 04:13 PM #1
j browsing Member
Posts:4,884 Threads:1,097 Joined:Jul 2012
http://www.bloomberg.com/news/2014-02-04...peout.html Panic is making an enemy of telephones for Catherine Yeung, the director for equities at Fidelity Investment Management Ltd. in Hong Kong.

“My children hate that BlackBerry,” said Yeung, whose clients have been calling amid two weeks of declines that erased $3 trillion from global stocks. She’s advising calm, noting that profits are rising and shares just got a lot less expensive.

“Being a contrarian and getting in when things seem bad is often a good thing,” she said in an interview today. “The companies we are looking into can still deliver attractive margins. Things are getting cheap.”

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
02-05-2014, 04:21 PM #2
Shadow Incognito Anonymous
Quote:“Being a contrarian and getting in when things seem bad is often a good thing,”

BTFD! BTFD!!!! lmao.gif
02-05-2014, 04:37 PM #3
j browsing Member
Posts:4,884 Threads:1,097 Joined:Jul 2012
chuckle.gif morning shadow hug.gif

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
02-05-2014, 04:47 PM #4
Shadow Incognito Anonymous
hug.gif Morning JB
This collapse started 2 weeks ago just as I predicted
But I didn't expect it to take the USDJPY angle I didn't have any expectations actually, just that that was the beginning. I don't know how much it matters, everyone was freakin out saying teotwawki when it hit 115 but it's 103 now and the world hasn't fallen to pieces.

It bugs me though, if these investment managers are so bright why aren't they making millions taking their own advice rather then trying to convince others to take it? chuckle.gif
02-05-2014, 05:09 PM #5
j browsing Member
Posts:4,884 Threads:1,097 Joined:Jul 2012
I remember your thread shadow and when I found this article what you posted popped into my head cheers.gif

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
02-05-2014, 05:20 PM #6
Shadow Incognito Anonymous
It's going to get more interesting in the coming weeks, the US debt ceiling gets reinstated on the 7th but they can assume 3 weeks of latitude before default. The republicans are saying 'no more debt' and Obama is saying 'Much much more debt'. pop2.gif

Which minds me of Canada's budgeted bail-in of Canadian savings and pensions...

Quote:When I first heard about this I was quite skeptical, so I went and looked it up for myself. And guess what? It is right there in black and white on pages 144 and 145 of “Economic Action Plan 2013″ which the Harper government has already submitted to the House of Commons.


It would be naive to assume no equal measure is in place in the US. If no debt ceiling agreement can be reached it's not impossible Americans will be Cyprused. Maybe I'm barking at airplanes, but some do say Cyprus was a test run.
02-05-2014, 06:19 PM #7
Shadow Incognito Anonymous
Ukraine begins to make sen$e damned.gif

The Run On Ukrainian Deposits May Have Already Started

Banksters are looting yet another country in the name of democracy. That's all it's about. sad2.gif
02-05-2014, 06:22 PM #8
JayRodney ⓐⓛⓘⓔⓝ
Posts:30,246 Threads:1,477 Joined:Feb 2011
hug.gif Hey Shadow! That's all it's ever about.




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