China is doing ok....... only a 70% drop !!

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DimPrawn replied

13 October 2008, 12:11
Originally posted by BlasterBates View Post

Yeah I'm doing well, sold my house 18 months ago, and virtually all my stocks at the beginning of the year. I bought some stocks just after Lehman went bankrupt and made a lot of money, and I'm selectively entering the market now.

I must say I'm really enjoying this credit crunch, never thought that becoming a millionaire would be this easy.

WHS
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BlasterBates replied

13 October 2008, 12:10
Yeah I'm doing well, sold my house 18 months ago, and virtually all my stocks at the beginning of the year. I bought some stocks just after Lehman went bankrupt and made a lot of money, and I'm selectively entering the market now.

I must say I'm really enjoying this credit crunch, never thought that becoming a millionaire would be this easy.
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Fred Bloggs replied

13 October 2008, 11:50
One of the very few things I did correctly last year was dive in and out of Melchior Asian Opps last year for ~20% in two/three months. I was miffed because I missed the last 10% of profit, but ho hum.......

I have been buying into Bill Mott at Psigma Income for a few months now. What a mistake .............
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DimPrawn replied

13 October 2008, 08:55
Originally posted by ace00 View Post

China has had a massive bull-run leading to over-valuation in 2007 (forward p/e). It has now "corrected" to 2004/5 trend levels. I found this out after taking a 40% hit on my China fund.

If it's any consolation I sold all my China funds 5% below the peak. Damn it!
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ace00 replied

13 October 2008, 07:55
China has had a massive bull-run leading to over-valuation in 2007 (forward p/e). It has now "corrected" to 2004/5 trend levels. I found this out after taking a 40% hit on my China fund.
Leave a comment:
TheBigYinJames replied

13 October 2008, 07:28
Originally posted by Cyberman View Post

Stock market obsessives with more money than sense say that stock markets are the barometer of things to come. It's not looking good at all.

Yeh, I'm sure the future is very bleak for stock market people.
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AlfredJPruffock replied

13 October 2008, 07:24
Grey Slates remain Grey Slates - so no change there.
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Diver replied

10 October 2008, 20:37
Scrap metal prices dropped from £140 a ton, to £110 a ton today. not looking good for my massive profits before Xmas
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Turion replied

10 October 2008, 20:09
70% is nothing for these corrupt emerging 3rd world micky mouse economies. The're driven by false hope and rumour.

Nothing like our stable, democratic systems born out of centuries of experience. Nothing like that could happen to any of our stockmarkets surely....
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Cyberman replied

10 October 2008, 18:09
Originally posted by Iron Condor View Post

No its the Irish Stock Market

http://uk.finance.yahoo.com/q/bc?s=%5EISEQ&t=5y

Down 70%!

They say that stock markets are the barometer of things to come. It's not looking good at all.
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Iron Condor replied

10 October 2008, 17:00
No its the Irish Stock Market

http://uk.finance.yahoo.com/q/bc?s=%5EISEQ&t=5y

Down 70%!
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VectraMan replied

10 October 2008, 16:27
Just worked out the £4K I put into a Asia ex Japan index linked ISA in March is now work £2760.
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Moscow Mule replied

10 October 2008, 15:52
Originally posted by Cyberman View Post

I think they are in denial !!!!!

No, you're thinking of Egypt.
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Cyberman started a topic China is doing ok....... only a 70% drop !!

10 October 2008, 15:51
China is doing ok....... only a 70% drop !!

http://news.bbc.co.uk/2/hi/business/7663561.stm

'"Although the economic crisis is hurting other countries, for China I can't see there is a big impact. The stock market hasn't changed a lot compared to several years ago. It has plunged 70%; that's just a return to where it was before," she said. '

I think they are in denial !!!!!
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