Local shares are down, Asia is down.
Dubai World really shook things up today (after their world wide spending spree)
On Wednesday I sold my Vodacom shares (they went up on some news about a collaboration of sorts with Tellumat). So I’m completly out of the markets right now.
I’m banking, not shorting (but I am looking into it) on the markets right now. So you’ll find me sitting on the sidelines waiting for the big fall!
And yes, I’m sure they’re going to hit the deck again.
Think, the world has just had a MAJOR depression, mega food lines in New York, Wankers, sorry I mean Bankers are still dishing out Million Dollar bonuses to one another (oh and good job England (hands clapping allround) you’re going to name the people who get the bonus’s – BIG help to the economy).
So the world economy IMO is still in the shitter.
They were lieing to us then and they’re more than likely still lying / sugar coating / hiding the truth right now!
Dont forget to read: On Tuesday it was revealed that the Bank of England had granted close to £62 billion in emergency assistance to the two failing Edinburgh banks between October and 2008 and January 2009. However it chose to keep the loans secret.
Now, TARP’s $700 Billion bailout… it really doesn’t inspire much confidence for me. Think back a little… what caused the subprime lending problem?
Oh wait! “The money is created by the Federal Reserve/Treasury and lent to the institutions needing a rescue. The Fed/Treasury gets back IOUs from the institutions.”
I believe we are going full circle, ‘things’ are being hidden from the people and it’s going to end in a big mess (again).
And when it does, I’m going to buy back into the markets and let it build up again. Note that I won’t be swinging those trades round for a while though!! (note to self: find new website name
Yes, China and India are looking up, but I’ve yet to have an good in-depth look into their markets.
Have a profitable day!