Chit Chat
Big money to be made !
Place money on falls in share prices.
I'm going to investigate, what's the best/quickest way to do it?
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if you are going in hard you would have thought you already know the best/quickest way to do it
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Going in hard, what do you do?
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I have a feeling the Chinese economy is on the edge of a cliff.....
Guardian: China stunned the world’s financial markets on Wednesday by devaluing its currency for a second consecutive day, triggering fears its economy is in worse shape than investors believed. The move sent fresh shockwaves through global markets, pushing shares sharply lower and sending commodity prices further into reverse as traders feared the move could also ignite a currency war that would destabilise the world economy. There were widespread losses on stock exchanges in Asia, and in Europe markets suffered falls of about 1%, with the FTSE 100 in London tumbling almost 2% at one stage before settling at 6571, down 1.4%. The Chinese authorities have acted after a string of poor economic figures showed that previous efforts to boost exports and growth against the headwind of an overvalued currency had failed. A drop of 6.6% in car sales in July followed data at the weekend showing an 8% fall in exports and slowing business investment growth in the same month. A survey tracking China’s factory output for July also missed expectations, coming in at 6% year-on-year growth instead of the 6.6% expected. One financial analyst said the devaluation, which pushed the yuan to a four-year low, heralded a tidal wave of cheap goods from Asia as other south east Asian countries followed suit. Albert Edwards, analyst at Societe Generale, said the yuan had become overvalued against the dollar in recent years and was unsustainably high relative to other major currencies. The Chinese currency hit a four-year low on Wednesday after the People’s Bank of China set the yuan’s daily midpoint even weaker than in Tuesday’s devaluation. |
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Got the hammer....now where is my piggy-bank !
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Don't panic. Everything's fine, just fine.
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Drop of 16% since thread start : raking it in !
. http://markets.ft.com/research/Markets/Tearsheets/Summary?s=SHI:SHH |
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Dow 6% down now !
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Will the prices fall at "HUNG FONG" take away?
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nearly time to start buying again....before the uk hits the skids next
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more worrying the euro has rebounded v the pound......
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I hope you are posting from the Bahamas between a nubile 18 year old's thighs, Leopard sir!
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No, unfortunately....I didn't get my a@rse into gear soon enough.
(I draw the line at 25 year olds nowadays, btw) |
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Newsnight now
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apparently the Chinese markets have no impact on the Ftse .lol .. Fielded for a 1k plus drop months ago and it's looking salubrious .love it when a plan comes together 58 is where I want it with a low of 54 .writing has been on the wall for a while and the denial and misreading of the global economy by so called experts was laughable .a biscuit arsed school kid could take these mugs for a mint with 3 cups and a pea ,that's if any of them even have a pot to piss in.
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loving all the talk of 'corrections' like the market 3 months ago was obviously wrong or something. Media pundits, pure after timers
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"I'm going to investigate, what's the best/quickest way to do it?"
Open a CFD trading account ...gearing is good typically 5% on shares 2% on the index 1% FX. Minimum deposit normally around £ 5k. Normally interview (over the phone) with compliance officer & you have to demonstrate you can manage margin. |
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Oh and most important ...you can take long or short positions...i.e short the FTSE 100 index.
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The only thread he has started on here without a copy and pasted story or tv listing and he was right
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My God - The Dukes are going to corner the entire frozen orange juice market!
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And hold it tight like a GI Joe with a Kung Fu grip
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 (**Bowing Smiley**) |
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There may be Trouble Ahead
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