Off Topic The Chinese implosion...
- Thread starter Chilton's Hundreds
- Start date
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no mystery...its the large institutional investment houses like banks, hedgefunds and professional traders. As a qualified stockbroker & Ifa (now retired) I would normally hate days like today however I am now a retail trader so I love days like today...fill yer boots time
I first heard it over here in relation to Peg Bundy's birthplace on Married with Children, one of the few American comedy shows that's actually funny.
Apparently worse day on the European markets since 2008. Wonder what will happen tomorrow? Oh yes City are playing against Rochdale, just in case this thread gets too er Political.
Blackburn never should have sacked him.
August is a favoured month for falls like this. seen it a few times and occasionally can go on for a while but I have also seen falls like this recover just as quickly. This has been overdue for most of this year (was really due in April/May) so in real terms not a great deal to worry about for now, just future great buying ahead.
Would nominate October as the worst month for falls as history shows. The biggest for me was in Oct 1987 when values fell by 20% overnight with a total of over 40% for the month here in Aus. I had held shares for 12 months prior to this and seen a 20% increase and quit immediately after the 20% fall.
Soon after I switched mainly into property investment around Sydney with limited share investment. For the past 10 years all investments have been in cash funds.
I don't give a **** about things like this, and know **** all about it, but was interested to see what impacts its hd on different currencies to see if it's worth buying them in now.
Some currencies hve seriously dropped. The Brazilian and Malaysian in particular. Could be money to be made buying them now and selling back in a year or so when things return to normal, if they do. How are the currencies likely to recover?
Some currencies hve seriously dropped. The Brazilian and Malaysian in particular. Could be money to be made buying them now and selling back in a year or so when things return to normal, if they do. How are the currencies likely to recover?
Any answer you get to your question will be a prediction.
It depends on the world economy - the currencies you mention are from raw material exporter economies (Brazil and Malaysia). If China's growth slows down and commodity prices stay very low, then the currencies of those countries will remain weak. If you think China will bounce back or their government will initiate some huge stimulus package to re-start growth, then Brazil and Malaysia could see a recovery in their economies and currency. However, Brazil is in recession right now, so it's a risk to back them...
This probably doesn't help you much, but anyone that tells you that they know exactly what will happen in the future.. is lying.
ESSEX GULL
It depends on the world economy - the currencies you mention are from raw material exporter economies (Brazil and Malaysia). If China's growth slows down and commodity prices stay very low, then the currencies of those countries will remain weak. If you think China will bounce back or their government will initiate some huge stimulus package to re-start growth, then Brazil and Malaysia could see a recovery in their economies and currency. However, Brazil is in recession right now, so it's a risk to back them...
This probably doesn't help you much, but anyone that tells you that they know exactly what will happen in the future.. is lying.
ESSEX GULL
anyone that tells you that they know exactly what will happen in the future.. is lying. very true as it is always a game of probabilities however there are times when the probability is quite high but there is never ever an exact outcome if you trade currencies, commodities etc. even historic correlations between asset classes can go the wrong way on occasions
Some good banking news - The Yorkshire Air Ambulance has been given £1m of money collected by government fines on the UK's banks.
That is good news, it seems that it was instigated by a letter from Geoff Boycott who wrote to David Cameron, who agreed to the funding.