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UK recession on the way?


Krecik - | 3  
15 Sep 2008 /  #31
so people look on thishttp://stooq.com/q/?s=djiathe best opportunity to earn money. enjoy. open short possition :) be rich

Somebody had knowledge
szkotja2007 27 | 1,498  
15 Sep 2008 /  #32
Lukasz:
enjoy. open short possition :) be rich

The "smart" money will be doing this.
URL
Those looking for security should buy Gold.

Todays news - FTSE down 3.92%...Gold up 3%.

Looking in to my chrystal ball for this week.......go short on finanacial sector shares.......they will lose more money tomorrow, small bounce on Wed but close the week down.

All IMHO
Lukasz 49 | 1,746  
15 Sep 2008 /  #33
I prefere long term investments than short term...

I would be very carefull with playing long on oil or gold but who knows ... (of course I am not talking about one week predictions)

Anny way now I am investing in small water power plant I have most of concessions and I am taking marriage and building house in vilage (there is beautiful church) close to my investement and speculations will be only additional part of my income so I'll be sepnding deffinately less time using computer and this original forum. Of course new social and familiy duties are going to be important part of my new life :)

cheers
szkotja2007 27 | 1,498  
15 Sep 2008 /  #34
Lukasz - I agree. Maybe taking some money out of the markets is a good idea.

Good luck in all of your endeavours.
Lukasz 49 | 1,746  
15 Sep 2008 /  #35
Lukasz - I agree. Maybe taking some money out of the markets is a good idea.

Diversification gives kind of security and result will be tangible. ;)

Good luck in all of your endeavours.

thanx
whyikit 6 | 102  
15 Sep 2008 /  #36
Ok markets are in turmoil at the moment but shares have fallen so much over the last 14 months. Financials yes share have fallen a great deal recently but, in my view, are dirt cheap at the moment for medium to long term. Times like this the P/E is key!!

Diversification is key, but to work it has to be diversified from the start, difficult choices to make now if you haven't been fpr the last year....
Lukasz 49 | 1,746  
15 Sep 2008 /  #37
yes but I have my old short positions and I'm waiting ... you know "trend is my friend"

"1. For example, an investor who borrows shares of stock from a broker and sells them on the open market is said to have a short position in the stock. The investor must eventually return the borrowed stock by buying it back from the open market. If the stock falls in price, the investor buys it for less than he or she sold it, thus making a profit."

whyikit 6 | 102  
15 Sep 2008 /  #38
As the saying goes once you here someone the street talking about it sell!!! Still some ruff times ahead, wait and see if AIG survive a month or so. Shorts are good when you have knowledge to back them, which you seem to, although dangerous to the less well informed.

As I keep getting told from my compliance officer past performance is not a guide to the future. Investment returns may go down as well as up!!!

LOL!! I need a holiday!!
Lukasz 49 | 1,746  
15 Sep 2008 /  #39
As I keep getting told from my compliance officer past performance is not a guide to the future. Investment returns may go down as well as up!!!

I agree but there are always technical signs before change, it is importnat to watch who is buying who is selling. It is good to have access to information with cash flows ... long story

LOL!! I need a holiday!!

I use my computer 17 h/day watching different markets counting ratios preparing for next day etc. and reading PF (LOL ;) ) ... I need holyday ;) It is good that my life is going to change very soon. I just can't wait for change.

Cheers.
szkotja2007 27 | 1,498  
18 Sep 2008 /  #40
Looking in to my chrystal ball for this week.......go short on finanacial sector shares..

Todays news.

Short-selling of financial stocks is to be banned in the United Kingdom from midnight on Thursday night under rules drawn up by the Financial Services Authority

How come the banks can screw Joe Public but when they get a rough time the FSA jumps in ?
Lukasz 49 | 1,746  
18 Sep 2008 /  #41
I've closed most "short possitions" today. Volume on DJ and Nasdaq was very big and it means something. I'm slowly starting new life. =)

Short-selling of financial stocks is to be banned

Now they can do what ever they want. You can always play on futures (Short or long and earn in both sides) it is avoidable.
Mister H 11 | 761  
21 Sep 2008 /  #42
How are the Polish managing with the UK economy ?

Has the work dried up and, if so, what happens next ?
Daisy 3 | 1,225  
13 Oct 2008 /  #43
How come the banks can screw Joe Public but when they get a rough time the FSA jumps in ?

Exactly! The director of the Royal Bank of Scotland was paid 2.5 million last year, yet it's the tax payer who are now bailing them out

accountancymagazine.com/Accy_Mag/features/FD%20Focus_FTSE%20100paysurvey.pdf
Seanus 15 | 19,706  
13 Oct 2008 /  #44
When they can 'bank' on a bail out, why not be frivolous? That's their attitude. Bank users already pay through the nose with hidden charges and bank fees. At the end of the day, they are, at grassroots level, just the safekeepers of our money.

2.5 million, that's a laugh. A sick joke!!
szarlotka 8 | 2,208  
13 Oct 2008 /  #45
Given that there is a major credit crunch on, can somebody please explain why the number of junk mailings inviting me to have a platinum or gold credit card has not decreased at all?

Confused of middle England (Earth?)
Mister H 11 | 761  
13 Oct 2008 /  #46
I think it's a combination of your credit score being pretty healthy together with banks who probably have yet to really learn their lesson.

I had a letter from my bank today suggesting I increase my loan and borrow more. It's madness !
Seanus 15 | 19,706  
11 Oct 2009 /  #47
How are things now? Kwaśniewski, ex PM of Poland, was apparently told that the crisis will stop when certain people want it to. He met some high-profile people who explained it to him.

The UK doesn't mind recessions as, like a Swedish porn star, it is accustomed to boom&bust :)
Mister H 11 | 761  
11 Oct 2009 /  #48
How are things now?

I think that depends on what people have done themselves to improve their situation. Some try and find another job, cut back on their expenditure and try and live within their means. Others just sit and wait to be rescued and blame anyone and everyone if things don't improve.

Personally, I think that the recession is far from over and the Government are just doing a bit of PR on the figures to make them sound better than they really are.

We're a country built on debt and all the major parties now accept that cuts will need to be made, but they're still too afraid to come out and say how much needs to be cut and from where. David Cameron has made some noise over those on Incapacity Benefit and trying to get them into work instead, but no one really wants to admit yet how bad it could turn out to be.

Anyone that relies on state handouts will be in for an even rougher ride I reckon.

Kwaśniewski, ex PM of Poland, was apparently told that the crisis will stop when certain people want it to. He met some high-profile people who explained it to him.

Sounds very cloak and dagger. I dread to think what really goes on behind closed doors when such things are discussed.

The UK doesn't mind recessions as, like a Swedish porn star, it is accustomed to boom&bust :)

Maybe porn will be the career of choice for people that have their benefits cut ;-)
Seanus 15 | 19,706  
11 Oct 2009 /  #49
Well, either way they will be stiffed, Mister H ;) ;)
OP Wroclaw Boy  
11 Oct 2009 /  #50
immigrants will have no choice but to leave over the coming months as the well dries up.

Nice "thread revisited" whos still in the UK after all that and its still going strong.

Damage report:
time means 5 | 1,309  
11 Oct 2009 /  #51
GBP in lowest ever position against the EUR

Lower now than then i believe, which isn't necessarily a bad thing for exporters.
OP Wroclaw Boy  
11 Oct 2009 /  #52
I went on holiday with a bunch of Brits in January this year they all needed Euros and it was one to one, ouch.

1 Euro - 0.92 GBP right now still not good. Its worse now than it was then.
derek trotter 10 | 203  
11 Oct 2009 /  #53
I remember 1 GBP to 1 EUR like 2/3, good old days
time means 5 | 1,309  
11 Oct 2009 /  #54
Yes for the eurozone tourist it's pretty crap at the moment. A lot of people are choosing all inclusive now. A mate came back from Corfu recently and they were wanting 4.5 euro for a pint in some places.
OP Wroclaw Boy  
11 Oct 2009 /  #55
A mate came back from Corfu recently and they were wanting 4.5 euro for a pint in some places.

Fcuk i had a beer (A bottle) in Les Arcs France last year and payed 10 EUR for two. I swiflty drove down the shop and picked up 24 for a fraction.
Seanus 15 | 19,706  
11 Oct 2009 /  #56
That can happen. I remember being in a hotel in Montenegro and paying 3 Euro for a small bottle of wine. I went to the shops and got the same wine, just 6 times bigger, for fractionally more (40 Euro cents more).
cheehaw 2 | 263  
12 Oct 2009 /  #57
the crisis will stop when certain people want it to.

otherwise the news is quite dreary. sometimes horrifying.
Mister H 11 | 761  
12 Oct 2009 /  #58
Who are the "certain people" ?

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