The banks fucked the whole place, lending money to complete and udder twats.

I know more than a few big time charleys here that didnt have a knicker on their arseholes and clowns at the bank were lending them millions and millions to buy property during the boom.

So what you got here was your average builder driving a van one week then a bentley the next , banks were giving the money away. And so when the shit hit the fan their were people going bust everywhere.

The only good thing now is that there is value about today cause there are people choking for money, some cheap houses again, infact first time buyers can afford houses again here, but again the problem is that the banks are smart arsed now, they wont lend money to anyone unless they have huge deposits



They fucked the whole place im telling ya, well thats what I think

quote:

Originally posted by mickeymarley The banks fucked the whole place, lending money to complete and udder twats. I know more than a few big time charleys here that didnt have a knicker on their arseholes and clowns at the bank were lending them millions and millions to buy property during the boom. So what you got here was your average builder driving a van one week then a bentley the next , banks were giving the money away. And so when the shit hit the fan their were people going bust everywhere. The only good thing now is that there is value about today cause there are people choking for money, some cheap houses again, infact first time buyers can afford houses again here, but again the problem is that the banks are smart arsed now, they wont lend money to anyone unless they have huge deposits They fucked the whole place im telling ya, well thats what I think

yeah and it will happen again in another 10 years.. slowly slowly

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Bring it on down son, so you can get done, I got more styles than the miles to the sun,
Ninety three million five thousand flows, and heres one more for the HOoOoOoOOO'S!!!

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Originally posted by [N]ûk|êû[Z] would it be worth me investing like 50 quid on the DOW?> sorry i donr know fuck all about stocks and that sorta stuff.. but if i could make back maybe 2 grand from it, then id be happy

LULZ!

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hah god damn, 50-->2000 would be amazing.
Truth be told, I'm far more successful at blackjack than I am at investing

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http://www.youtube.com/mezzir

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Originally posted by rulzz i heard a nice analogy the other day what government trying to do to banks is like this : your house starts burning so then the government comes in turns water off and rip water pipes out, then firefighters come and start spraying walls inside of the house with dollars. You ask them why and they tell you they don't care cause its your money.

quote:

Originally posted by Al ^^^ please do

No problem. Here is my 4th quarter 2008 analysis of my watchlist. Included in this list are the Dow Jones Industrial Average stocks (there are 30 of them). These stocks basically represent the entire American economy, so take a long hard look at them.

www.finance.com/finance_ratings

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quote:

Originally posted by Krypton No problem. Here is my 4th quarter 2008 analysis of my watchlist. Included in this list are the Dow Jones Industrial Average stocks (there are 30 of them). These stocks basically represent the entire American economy, so take a long hard look at them. www.finance.com/finance_ratings

Thanks.

I been looking into investing in raw materials companies, at least one of them on there looks like it might be a good idea.

Are you hyping that EXM Krypton... I can't believe that it would be considered underpriced. The export markets have gone to shit right now and could be worse off than the banks!

Speaking of banks there are some pretty undervalued (at least how I am looking at them) regional banks, including my own that I might invest in. They have no reason to be trading as low as they are. I know you think I am retarded to invest in finance, but hey, if it doesnt work out we are all probably fucked anyways.

Blah blah blah... course I need some decent money to make any moves right now and well... I don't know...

quote:

Originally posted by Capitalizt for the uber-inflation coming in the next 5 years..

watch out, its the boogieman!

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Originally posted by Joss Weatherby Thanks. I been looking into investing in raw materials companies, at least one of them on there looks like it might be a good idea. Are you hyping that EXM Krypton... I can't believe that it would be considered underpriced. The export markets have gone to shit right now and could be worse off than the banks! Speaking of banks there are some pretty undervalued (at least how I am looking at them) regional banks, including my own that I might invest in. They have no reason to be trading as low as they are. I know you think I am retarded to invest in finance, but hey, if it doesnt work out we are all probably fucked anyways. Blah blah blah... course I need some decent money to make any moves right now and well... I don't know...

I try to be as true to the philosophy of Graham/Buffet as possible. EXM is just simply a financially stable, better than average, company. The services they provide are huge. But keep in mind shipping stocks are cyclical, meaning, they up with the market, and down with the market, because import/exports increase and decrease also with the market. Here is a company description...

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Excel Maritime Carriers Ltd. (Excel) is a shipping company specializing in the world-wide seaborne transportation of dry bulk cargoes. The Company is a provider of worldwide sea borne transportation services for dry bulk cargo, including among others, iron ore, coal and grain, collectively referred to as major bulks, and steel products, fertilizers, cement, bauxite, sugar and scrap metal, collectively referred to as minor bulks. Excel’s fleet is managed by one of its wholly owned subsidiaries, Maryville Maritime Inc. (Maryville). As of May 15, 2008, it owned a fleet of 40 vessels and, together with seven Panamax vessels under bareboat charters, operate 47 vessels (four Capesize, 14 Kamsarmax, 21 Panamax, two Supramax and six Handymax), with a total carrying capacity of approximately 3.7 million deadweight (dwt). On April 15, 2008, the Company completed its acquisition of Quintana Maritime Limited (Quintana).

I buy a cheap position on a great companies before the market realizes the true value of that great company. Key words are...great company...cheap... Otherwise, I'd be speculating. I'm ain't front'n on EXM but I'm just saying, they fit my investment philosophy.

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BUY BUY BUY!!!! SELL SELL SELL!!!!

quote:

Originally posted by Krypton I try to be as true to the philosophy of Graham/Buffet as possible. EXM is just simply a financially stable, better than average, company. The services they provide are huge. But keep in mind shipping stocks are cyclical, meaning, they up with the market, and down with the market, because import/exports increase and decrease also with the market. Here is a company description... I buy a cheap position on a great companies before the market realizes the true value of that great company. Key words are...great company...cheap... Otherwise, I'd be speculating. I'm ain't front'n on EXM but I'm just saying, they fit my investment philosophy.

Well you sold me... I am putting some money into them next week.