Market closure Market closure
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Thread: Market closure

  1. #1

    Contractor Among Contractors

    ace00 is too good to be a permie

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    May 2007
    Out of town

    Default Market closure

    Seems inevitable to me that markets (FTSE, DJIA, Nikkei, etc...) will be closed at some point. I think this is the week.
    .................................................. .
    Roubini article in the Times quite interesting:
    Across the world, governments have taken more and more aggressive actions to stop the panic. However, Roubini believes investors appear to have lost confidence in governments’ ability to sort out the mess.

    The announcement of the US government’s $700 billion bailout, Gordon Brown’s grand bank rescue plan and the coordinated response of governments around the world has done little to calm the situation. “It’s been a slaughter, day after day after day,” said Roubini. “Markets are dysfunctional; they are totally unhinged.” Economic fundamentals no longer apply, he believes.

    “Even using the nuclear option of guaranteeing everything, providing unlimited liquidity, nationalising the banks, making clear that nobody of importance is going to be allowed to fail, even that has not helped. We are reaching a breaking point, frankly.”

    Unhinged Spot on.

  2. #2

    More fingers than teeth

    TimberWolf is too good to be a permie

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    Oct 2007


    Where are these people putting their money instead? Or was it all make-believe money?

  3. #3


    HairyArsedBloke is good enough for Jehovah!

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    Feb 2007
    Pining for the tropics


    Quote Originally Posted by TimberWolf View Post
    Where are these people putting their money instead? Or was it all make-believe money?
    US Gov Bonds
    How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.

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