Traders go short on Lloyds

[AtW]

Shorting is as wrong as going long on a share

Shorting BORROWED Stuff is completely out of order - what you call "going long on a share" should involve BUYING it.

[DiscoStu]

I love these kinds of threads. It always makes me smile when AtW makes himself look like a complete retard

[DimPrawn]

I agree with AtW.

Effectively the banks are gambling money they don't have and when it goes their way they pay themselves the profits, when it all goes to tulip, they crawl to the tax payer for handouts.

Something has to change.

It's all very well speculators pushing the oil price up to $150 a barrel, but that means a crushing cost of living for everyone else.


The whole gambling environment has to be changed or else the crash around the corner is going to mean you lose your savings, your job, your home and your future.

[AtW]

Oil price of $147 last year has proven to be a result of speculation by these guys

It's going up to $100 again from $30 earlier this year - main reason is anti-competitive action by OPEC, and then speculators who hire supertankers to stockpile oil intending to sell it later at higher price as they buy forward contracts.

This activity has no economic purpose, in fact it is now happening on such a grand scale that it is affecting normal economy to a very serious degree - why would proper business take risks hiring people, trying to invent new stuff, build it, market it, when instead it can just fire everyone, buy remote trading monitor and gamble on stock market?

As I said I don't mind gamblers who use their own money and do it in their own separate place that is completely isolated from everyone else - this is not the case with stock market right now.

[snaw]

I agree with AtW.

Effectively the banks are gambling money they don't have and when it goes their way they pay themselves the profits, when it all goes to tulip, they crawl to the tax payer for handouts.

Something has to change.

It's all very well speculators pushing the oil price up to $150 a barrel, but that means a crushing cost of living for everyone else.


The whole gambling environment has to be changed or else the crash around the corner is going to mean you lose your savings, your job, your home and your future.

DP, this current crisis wasn't caused by shorting stock. Shorting stock has been around almost as long as stock markets, and provides liquidity to markets, and sometimes helps correct them.

This crisis has it roots in the dotcom bust, and the fed lowering interest rates and making it too easy for people to get mortgages they couldn't' afford, then banks wrapping up these debts in securities, CDO's etc and the credit rating agencies being too much in the pockets of the banks etc.

No one is blaming shorting stocks, and not all bankers are to blame - - it was a subset that fcked it up for everyone, and governments are partially to blame for easing regulations and lowering interest rayes too much etc.

There's more, but that's the essence of it.

Not buying and selling shares, or shorting them or whatever. No one at any point is blaming this as the cause of the downturn.

FFS.

[sasguru]

I agree with AtW.

Effectively the banks are gambling money they don't have and when it goes their way they pay themselves the profits, when it all goes to tulip, they crawl to the tax payer for handouts.

Something has to change.

It's all very well speculators pushing the oil price up to $150 a barrel, but that means a crushing cost of living for everyone else.


The whole gambling environment has to be changed or else the crash around the corner is going to mean you lose your savings, your job, your home and your future.

You're almost as ignorant as AtW when it comes to financial stuff.
Hope your kebab shop does well.

[snaw]

It's going up to $100 again from $30 earlier this year - main reason is anti-competitive action by OPEC, and then speculators who hire supertankers to stockpile oil intending to sell it later at higher price as they buy forward contracts.

Really, again?

http://business.timesonline.co.uk/to...cle6891259.ece

Opec, the oil producers’ cartel, has said that it may increase oil production this year if prices continue to rise.

José Botelho de Vasconcelos, the Angolan Oil Minister who is the present president of Opec, said that oil prices of between $75 and $80 per barrel were at an optimum level for both consumers and producers.

However, he said that any further rise towards $100 per barrel threatened to sabotage the nascent global economic recovery. “I think a balanced price is always better. You know that, if necessary, some countries are open to injecting more oil into the market and that will be done . . . We need to maintain the balance.”

[DimPrawn]

I love the way Opec have sold the concept of $80 a barrel being a "reasonable" price.

Before the bubble, $40 a barrel was considered expensive.

[DimPrawn]

You're almost as ignorant as AtW when it comes to financial stuff.
Hope your kebab shop does well.

Sheesh, you're a donner.

[snaw]

I love the way Opec have sold the concept of $80 a barrel being a "reasonable" price.

Before the bubble, $40 a barrel was considered expensive.

Yes, and before the bubble the economies of China and India (And the rest of the world) weren't gobbling quite a much of it up. Supply and demand and all that, not too mention a few major conflicts in the iol producing regions which affected output, and gave people the jitters and the weak dollar doesn't help.

FFS. Are we really this ignorant?