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Ecological Disaster Gulf of Mexico (pg. 7)
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| Nrg2Nfinit |
| quote: | Originally posted by Lews
Goldman Sachs are a bunch of s and that's all I'm saying on the matter. |
whatever.
They help create liquidity in the markets.
2 words for dumb investors
STOP LOSS. |
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| EddieZilker |
| quote: | Originally posted by Nrg2Nfinit
what is unfair in the market? Derivatives? short selling? its all fair. You have to be smart and hedge yourself. Don't go into a fund blindly which you don't understand. Ignorance does not equal unfairness. And the whole media hype behind goldman sachs this and short selling that is all bull when you look at the fine details. I don't want to get into it, but putting restrictions on the free market to me is almost the same as making blacks sit in the back of the bus. Both stupid and moronic.
Insider trading information and placing trades is wrong (we know this and people get killed on this all the time).
Full disclosure is necessary, but it is up to the consumer or customer as well to inquire about things they don't understand.
Peak oil is a reality. The higher the prices of oil go up and the sooner, the more likely we are to ween off this energy source and market something new. |
You've kind of got your justifications figured out for keeping a status quo which would benefit you. I take it you think Rand's a good read? |
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| Sunsnail |
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| Nrg2Nfinit |
| quote: | Originally posted by EddieZilker
You've kind of got your justifications figured out for keeping a status quo which would benefit you. I take it you think Rand's a good read? |
*ninja* no i dont read Rand and haven't
Off topic regardless. If you don't understand how the financial system works and the market risks involved, then don't invest. Plain and simple. The whole idea of a free market is for it to be free, open and fair. The only issue with goldman sachs is their non disclosure policy. The fact that they did NOT disclose EXACTLY which type of mortgages they put in paulson's abasca fund. Investors lost money and paulson took a short position. GREAT. whats the difference between short and long? One position you speculate market gain, the other you speculate market loss. IT keeps the market even and liquid and rational.
How does it benefit me? It doesn't really. I just try to keep a balanced portfolio with stop losses in place to make some extra money on the side. Pension managers do it. Banks do it. Hedge fund managers do it. So i do it too.
I've lost thousands in the markets, ive also made money so me saying this doesn't Really benefit me 100%.
If you don't like the idea of a Free market, then you should perhaps pursue a country to live in which has more government control such as Russia or china. Something communist. I enjoy my capitalism whether it s me in the ass or not. At least in the end im in control of my own money. |
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| leph555 |
| quote: | Originally posted by Lews
Goldman Sachs are a bunch of s and that's all I'm saying on the matter. |
they get filthy rich. if you had the chance to do what they did, you probably would have done it. |
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| Nrg2Nfinit |
| quote: | Originally posted by leph555
they get filthy rich. if you had the chance to do what they did, you probably would have done it. |
lews wouldn't. |
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| EddieZilker |
| quote: | Originally posted by Nrg2Nfinit
*ninja* no i dont read Rand and haven't
Off topic regardless. If you don't understand how the financial system works and the market risks involved, then don't invest. Plain and simple. The whole idea of a free market is for it to be free, open and fair. The only issue with goldman sachs is their non disclosure policy. The fact that they did NOT disclose EXACTLY which type of mortgages they put in paulson's abasca fund. Investors lost money and paulson took a short position. GREAT. whats the difference between short and long? One position you speculate market gain, the other you speculate market loss. IT keeps the market even and liquid and rational.
How does it benefit me? It doesn't really. I just try to keep a balanced portfolio with stop losses in place to make some extra money on the side. Pension managers do it. Banks do it. Hedge fund managers do it. So i do it too.
I've lost thousands in the markets, ive also made money so me saying this doesn't Really benefit me 100%.
If you don't like the idea of a Free market, then you should perhaps pursue a country to live in which has more government control such as Russia or china. Something communist. I enjoy my capitalism whether it s me in the ass or not. At least in the end im in control of my own money. |
I'm not broke because I invested incorrectly and that's not even close to what I was getting at. I'm not going to argue the finer points of finding a good financial planner to negotiate a diversified portfolio and how such a failure on a personal level contributed to millions of people losing their pension along with their houses, in this county. |
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| leph555 |
| quote: | Originally posted by Nrg2Nfinit
lews wouldn't. |
oh yea, i forgot that he is Hugging Whales And Saving Trees |
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| FuzzQi |
| quote: | Originally posted by leph555
oh yea, i forgot that he is Hunting Whales With Harpoons Made Out of Trees |
^_^ |
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| Nrg2Nfinit |
| quote: | Originally posted by EddieZilker
I'm not broke because I invested incorrectly and that's not even close to what I was getting at. I'm not going to argue the finer points of finding a good financial planner to negotiate a diversified portfolio and how such a failure on a personal level contributed to millions of people losing their pension along with their houses, in this county. |
right. Next thing you know your going to blame visa for not being able to pay your credit card.
Give me a break. Sure the banks are responsible, but also the "homeowners" who purchased these absurd mortgages.
its always easy to blame the big fish, the guy with alot of money. Its the easy thing to do.
Anways i dont mind. This market pullback gives cheaper prices for buying opportunities. Continue on with this sensless goldman sachs bashing. Institutional investors are racking in on their short positions. |
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| pkcRAISTLIN |
| quote: | Originally posted by Nrg2Nfinit
right. Next thing you know your going to blame visa for not being able to pay your credit card.
Give me a break. Sure the banks are responsible, but also the "homeowners" who purchased these absurd mortgages.
its always easy to blame the big fish, the guy with alot of money. Its the easy thing to do.
Anways i dont mind. This market pullback gives cheaper prices for buying opportunities. Continue on with this sensless goldman sachs bashing. Institutional investors are racking in on their short positions. |
banks have far greater responsibility in avoiding systemic risk than the thousands of customers they butted. |
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| The17sss |
Don't know if anyone mentioned this point yet, but my main concern in all this, aside from the awful ecological damage that will take years to balance back out, is that the knee-jerk reaction of "Death to drilling!" is just going to make us more dependant on foreign sources.... and having more necessarily shipped in, which is how the Exxon Valdez situation happened- from a shipping mistake.
I don't think this will lead to more "urgency" for alternative energy in the public discource; we are saturated with this topic daily and have been increasingly so for years.
The truth is yes, energy prices are about to rise from this. Who will be hardest hit? The lower and middle class; adding say, 10% or 15% to the cost of food due to rising shipping costs will be horrible for them. And all of this could have been avoided!! Would we need super oil rigs reaching 5000 feet into the sea bed if barren wastelands ON DRY LAND like Anwar, Alaska could be accessed (with minimal environmental impact in comparison)? To me, this is more of a call for a reasonable, sane energy policy so we don't have to head 20 miles off shore and dig a mile deep. We always have to accept that there is risk and negatives involved if we want to see a lot of positive upside. This disaster is the consequence of a rediculously restrictive energy policy that limits the out of our own access to oil reserves on land. Now, unfortunately, photos of birds drenched in oil are about to further enslave us to energy dependence. |
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