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veilsidegs3
PostPosted: Mon Sep 15, 2008 8:04 am 
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What are everyones thoughts on the current turmoil of AIG and LEH!!! :shock: let alone the entire crap that we are currently in... :?

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drax
PostPosted: Mon Sep 15, 2008 8:57 am 
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veilsidegs3 wrote:
What are everyones thoughts on the current turmoil of AIG and LEH!!! :shock: let alone the entire crap that we are currently in... :?


"Crap" is the right word. And I'm afraid before it's over, we're all
going to smell as though we fell into a big pile of it. :? Cross your
fingers and hope we weather it somehow. I'm afraid new watches
are out of the question for the foreseeable future. :cry: :(

Steve
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chance97
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PostPosted: Mon Sep 15, 2008 2:50 pm 
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Real hard to buy new watches when the public has to bear the cost of bailing out Fannie Mae and Freddy Mac! It's absolute Bullshit~!!!!!!!!!!!!

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veilsidegs3
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PostPosted: Tue Sep 16, 2008 10:40 am 
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I coudlnt agree more...my stocks are all in the tanker!!! and lets not start talking about 401k investments....

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Roffensian
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PostPosted: Tue Sep 16, 2008 11:13 am 
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From a business perspective I haven't been impacted too much - the biggest impact in Canada has been on manufacturing which isn't a large part of my client base.

Obviously been suffering along with everyone else as far as the markets are concerned, but I guess I'm a little more pragmatic - I'm not planning to cash out my investments any time soon, so it's really only a paper loss to me, and means that this year's tax deductible retirement investment limit may actually buy a few more stocks than if they were higher.

Ironically as a commodity driven economy the Canadian market has been suffering from the weak price of oil in recent weeks - Toronto exchange is down over 20% in the last 3 months, but Ontario gas prices went up 13 cents a litre (50 cents a gallon) overnight last week.
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veilsidegs3
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PostPosted: Wed Sep 17, 2008 10:52 am 
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everything sucks right now!!! worst week since oct of 1987 :(

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Driver8
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PostPosted: Wed Sep 17, 2008 11:09 am 
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Roffensian wrote:
Ontario gas prices went up 13 cents a litre (50 cents a gallon) overnight last week.

What's gas up to now Roff? 40 cents per litre for you guys yet? :wink:

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Roffensian
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PostPosted: Wed Sep 17, 2008 11:46 am 
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Driver8 wrote:
Roffensian wrote:
Ontario gas prices went up 13 cents a litre (50 cents a gallon) overnight last week.

What's gas up to now Roff? 40 cents per litre for you guys yet? :wink:


Yeah, yeah - it's at $1.26 right now - was $1.38 last week - I remember UK prices, it wasn't that long ago.
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In2Deep
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PostPosted: Wed Sep 17, 2008 11:49 am 
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It's pretty sad but it just got back under $4 for premium here :roll:

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Roffensian
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PostPosted: Wed Sep 17, 2008 11:53 am 
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In2Deep wrote:
It's pretty sad but it just got back under $4 for premium here :roll:


Wish it was that cheap here!

And I'm guessing our European friends feel the same.
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In2Deep
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PostPosted: Wed Sep 17, 2008 12:12 pm 
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I understand that prices are higher elsewhere but they have gone up a dollar and some change in the past 12 months here. Guess we're just not used to it. People are selling SUV's. trucks, motorhomes and desert toys... it's pretty crazy :?

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Driver8
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PostPosted: Wed Sep 17, 2008 12:25 pm 
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Petrol in the UK is currently at about £1.10 - it's come down a bit recently.

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Roffensian
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PostPosted: Wed Sep 17, 2008 12:41 pm 
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The irony here is that Canadian markets have been insulated somewhat from the turmoil because of oil. Canada is estimated to have greater reserves than Saudi Arabia - albeit harder to get at because they are in oil sands.

We have fairly high gas taxes, but they're reasonably stable and yet our gas prices have gone from around $1.00 to $1.30 in no time.

Of course now with the drop in oil prices in recent weeks the market has lost some of the support and is now suffering with everyone else, and yet consumers still aren't seeing the pump relief.
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veilsidegs3
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PostPosted: Thu Sep 18, 2008 3:02 pm 
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What are you guys investing your $ in besides the obvious Ling addiction :lol:

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In2Deep
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PostPosted: Thu Sep 18, 2008 5:37 pm 
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veilsidegs3 wrote:
What are you guys investing your $ in besides the obvious Ling addiction :lol:


I support single mom's :P

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