World economy talk

[Walter]

How will creditors collect from Greece if they can't pay? Invade Greece?

[dreamur]

Deym! Should I cut my losses? Running at $15K already.

[EQAddict]

Stocks aren't for the feint of heart. Gotta stick to your long term plan.

[Monseratto]

Greece wants debt relief but many countries who contributed are not in the mood, and some have fiscal problems of their own. They want to be paid in full...

Finland has been the hardest of eurozone hardliners for much of the Greek crisis, enthusiastically backing an austerity-led rescue policy and demanding collateral from Athens in exchange for bailout loans.

But when Alexander Stubb enters his first meeting of the eurogroup of eurozone finance ministers on Thursday in one of its highest-stakes sessions on Greece , the Finns’ table-pounding will be far more restrained.

Finland has, Mr Stubb acknowledged, gone from the eurozone’s hard man to its sick man.

The country’s economy is expected to grow just 0.3 per cent this year, less than any eurozone country other than bailout cases Cyprus and Greece.

[dreamur]

Stocks aren't for the feint of heart. Gotta stick to your long term plan.

Im a bit worried bro. This fund is set aside for the condo payment. Might not be able to pay the balance when due.

[jut703]

Bro don't pull out. We all know the market will turn around in the coming years. For after every bear, there comes a bull.

Hopefully your condo isn't due yet in the coming year.

Reading The Intelligent Investor by Benjamin Graham might help with your anxiety on the current turn of the market.

[kimbon]

^^ bro tama si jut, don't pull out. magkokorek din ang market soon. As you may know stock market is a long term investment and always remember don't put all eggs in one basket.

[dreamur]

^Thanks bros *fistbump*! 80% of the condo price is not due yet so will stick with it for now. As CVT said, there is nothing to lose with this type of option,just the optimum gain possible. That I can live with.

[Juan Martinez]

^bro, for whatever this is worth, matud pa ni bai tomas edison:
"Many of life’s failures are experienced by people who did not realize how close they were to success when they gave up.” ;)

[dreamur]

^bro, for whatever this is worth, matud pa ni bai tomas edison:
"Many of life’s failures are experienced by people who did not realize how close they were to success when they gave up.” ;)

Thanks bro. Is that how the guy discovered the electric light bulb? Will see how far I can hold on before pulling the trigger.

[donbuggy]

Agapito Flores had a better invention.



According to urban legend.

[donbuggy]

Grexit - Greece Stunned by Captcha

[Lady Bathory]

I knew they wouldn't jeopardize the euro project. Common sense prevailed.

[dreamur]

Happy days are here again. Bring out the V8s!

[EQAddict]

Nice!!!!!!

[Lady Bathory]

Fed rate hike this year says Yellen. Dollar reaction:

[Lady Bathory]

Weakness in precious metals prices as the U.S. dollar strengthens on expectations of rising rates. Not only in precious metals but the whole commodities complex is under pressure.

Greece has faded into the background for now...

[Juan Martinez]

US stocks fall as Apple, Microsoft tumble
Inquirer.net, July 23, 2015 06:31am

NEW YORK--Shares of Apple tumbled 4.3 percent and Microsoft fell 3.7 percent as disappointing earnings from the two technology titans weighed Wednesday on the broader market.

The Dow Jones Industrial Average fell 68.25 points (0.38 percent) to 17,851.04.

The broad-based S&P 500 dropped 5.06 (0.24 percent) to 2,114.15, while the tech-rich Nasdaq Composite Index sank 36.35 (0.70 percent) to 5,171.77.

Apple reported that net income for the quarter ending June 27 jumped 38 percent to $10.7 billion. But traders focused on a revenue forecast that fell shy of expectations and commentary from some analysts that the 47.5 million iPhones sold missed expectations.

Deutsche Bank said the market's reaction to Apple's results showed "it's getting harder to beat the bulls."

Microsoft reported a loss of $3.19 billion due to a hefty write-down on the smartphone business it acquired from Nokia and restructuring charges of nearly a billion dollars.

Dow member Caterpillar fell 3.2 percent after the company reported lower equipment sales in most of its businesses in the second quarter. The industrial giant will issue its full earnings report Thursday.

Baker Hughes dropped 3.9 percent on a Bloomberg News report that its $34.6 billion sale to Halliburton could be blocked on antitrust grounds. Halliburton fell 0.8 percent.

Other oil services companies also fell as US crude prices closed under $50 a barrel for the first time since April 2. Weatherford International lost 3.9 percent, Nabors Industries shed 2.5 percent and Cameron International fell 5.0 percent.

Banking stocks rose, including Dow member JPMorgan Chase (+1.4 percent) and Bank of America and Citigroup (both +2.1 percent).

Yahoo fell 1.2 percent after reporting a $22 million loss in the second quarter as chief executive Marissa Mayer warned earnings could be pressured in the coming quarter due to heavy investment in new products.

Aerospace giant Boeing rose 1 percent after second-quarter earnings translated into $1.62 per share, 25 cents above analyst expectations.

Other companies to report earnings included Chipotle Mexican Grill (+7.8 percent), Dow member Coca-Cola (-0.7 percent), GoPro (-0.6 percent), Illumina (-8.4 percent) and Whirlpool (+7.3 percent).

Bond prices rose. The yield on the 10-year US Treasury fell to 2.33 percent from 2.34 percent Tuesday, while the 30-year fell to 3.04 percent from 3.08 percent. Bond prices and yields move inversely.

[dreamur]

^and I thought that stock prices had hit rock bottom last week. This is a disaster. Will there be bonus this year?

Nobody is even taking a second look at the apple watch. More woes to come?

[Gumusut_Amige]

Laking effect sa akin itong oil glut sa ngayon...ang hirap maghanap ng magandang package. Adding to my worries is the worst thing i guess is yet to come:banghead: