same to you Alf
Milan.
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Reply to: Doom and Gloom
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Previously on "Doom and Gloom"
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Good for you Milan, good luck to you and your family.
BTW disregard what I said about commodities as per the extract below, hmm seems to be the fault of the Bank of Japan.
This correction has been especially painful -- and scary -- because speculative excesses had built up in so many asset classes that the drop in prices left equity investors with no place to hide.
If you had added gold, as I had, as a hedge against inflation and market volatility, you still took it in the neck along with everyone else because speculative money had flowed into and was now flowing out of gold. Same with copper miners, oil drillers and timber producers.
Stocks that in other kinds of market could be counted on to move up when the market as a whole turned down, went down too as the central banks rattled their monetary swords.
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Originally posted by milanbenesI wonder if the house prices will be next ?
Markets are taking a hammering, people are losing money.
Milan.
Otherwise investors may take refuge in commodities such as Gold ,Oil etc dindt you buy into Oil as I suggested a while back Milan ?
Commodities have been one of the most talked-about asset classes over the last few years.
And for good reason -- the Goldman Sachs Commodity Index gained more than 25% last year and produced an average annual return of more than 23% since the beginning of 2002.
Commodities have actually been the best-performing asset class over the last 36 years, outperforming both domestic and international stocks and bonds, particularly during high-inflationary periods like the 1970sLast edited by AlfredJPruffock; 13 June 2006, 11:25.
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So sell your house and buy shares? Is that what you are suggesting?
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Originally posted by BlasterBatesNoticed that the stock markets all going tits up.
Is this the begining of the DOWNTURN.
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Originally posted by BlasterBates...but when markets go down, banks lose money and when banks lose money they ...
FIRE CONTRACTORS
Contractors get jobs, contractors lose jobs but in the long run they always end up in a secure job stacking trolleys at Tescos
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But house prices are still rising.
Buy a house quick, they're cheap!
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...but when markets go down, banks lose money and when banks lose money they ...
FIRE CONTRACTORS
Contractors get jobs, contractors lose jobs but in the long run they always end up in a secure job stacking trolleys at Tescos
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Originally posted by milanbenesMarkets are taking a hammering, people are losing money.
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I wonder if the house prices will be next ?
Markets are taking a hammering, people are losing money.
Milan.
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Markets go up, markets go down. In the long run it doesnt really matter but it does make good headlines.
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