No need to panic

[Anders Lindman]

If you own shares, then if you sell them directly when your stock market opens on Monday, you'll be fine. Don't tell anybody else that you are going to sell, because then they may manage to sell before you and then you will lose a lot of money.

Mr. Fearmonga :D

[fccool]

If you own shares, then if you sell them directly when your stock market opens on Monday, you'll be fine. Don't tell anybody else that you are going to sell, because then they may manage to sell before you and then you will lose a lot of money.

Mr. Fearmonga :D

I don't think anybody on this forum would be idiotic enough to actually own shares . Sorry, simpsons did it.

[heretic]

January 2009 is when the real US financial crash will begin.

[fccool]

January 2009 is when the real US financial crash will begin.

It already did. It's just being covered up by ginormous infusion of money into markets... thus making the collapse even more severe.

Here're just headlines from past two days.

http://sg.biz.yahoo.com/070810/1/4ahjw.html

http://www.boston.com/business/globe/articles/2007/08/11/banks_pump_billions_to_calm_the_markets/

[Anders Lindman]

http://sg.biz.yahoo.com/070810/1/4ahjw.html

http://www.boston.com/business/globe/articles/2007/08/11/banks_pump_billions_to_calm_the_markets/

Nice find. I have read the financial sections of the two biggest newspapers in Sweden today, and they did only write about the EU central bank and the Federal Reserve. Hmm... Why didn't they write about the other central banks around the world? Plus, the Swedish articles were clearly tailored to calm the reader. The problem was that the two newspapers did contradict each other. Is mainstream media beginning to losing it?

[Anders Lindman]

Here is another article:

"US at beginning of bear market, Marc Faber says"

"Faber told investors to bail out of US stocks a week before the 1987 Black Monday crash, according to his Web site. He correctly predicted in May 2005 that stocks would make little headway that year. The S&P 500 gained 3 percent. He also told investors to buy gold in 2001, before it more than doubled."

http://www.taipeitimes.com/News/biz/archives/2007/08/12/2003373839

"A bear market is described as being accompanied by widespread pessimism. Investors anticipating further losses are motivated to sell, with negative sentiment feeding on itself in a vicious circle."

From: Market trend - Wikipedia, the free encyclopedia

[Anders Lindman]

More fear mongering news:

"Fears that shares crisis will hit UK"

"On Friday alone almost £56bn was wiped off the FTSE 100, the index of Britain's biggest companies, as hysterical traders bailed out of financial stocks to find a safer home for their money. In an attempt to stabilise the situation some central banks waded in and lent money to banks caught of guard by the rush to withdraw funds."

http://observer.guardian.co.uk/business/story/0,,2147307,00.html?gusrc=rss&feed=networkfront

[Anders Lindman]

The small traders will probably be slow to react, but the bigger traders may already be a bit more alerted:

"India's five richest lose over $10 billion in market fall"

"India's five richest persons, based on value of their stock holdings, have seen their cumulative wealth plummeting by 10.05 billion dollars since July 27, the day bourses began their slide on concerns emanating in the US subprime lending market that has since spread across the world."

http://www.dnaindia.com/report.asp?newsid=1115051