The Fiscal Cliff

[Rumors]

IN,
It trades as LMT. ;)

 

[piratelady]

Mark: The Elevator company is bound to go up eventually!:roflmao:

 

[Innordinate]

:p

Nice P. Thanks. :roflmao:

 

[anthony]

Ok, sold out, as this is about to get real messy... even though there are some excellent opportunities, I unfortunately aren't online to capitalise on them during markets, so I am taking the safest option to cash out for the cliff fiasco which begins NOW through to 1 Jan. If the markets haven't died by 1 Jan, then the world should be all clear.

 

[Rumors]

Yes Anthony, I cashed out yesterday. Either way the fiscal cliff goes will still result in a temporary downturn of the market. :(

 

[anthony]

I feel a little more reassured not being the only one... I thought the same after watching this on morning news most mornings. Whenever something like this is just about to happen, I watch the economics guy on TV get all excited about the market going to custard, falling through the floor... then a week or two later it bounces back once the dust settles.

For two days it seems to be on that downward trend, and whilst I do like seeing some of the interesting profits to be made in other companies, I think it's a massive risk, even for a game.

I'm watching Apple at present, as a possible safe haven in the making soon, as it's hitting $500 a share, which is pretty low for Apple. It's still falling day after day, though analysts say Apple will be the stock to be in for progressive, stable investment in 2013. If it keeps falling out, I'm watching to try and catch it at the bottom, then put it all in there even possibly during the cliff, if the worst happens and we see a bottom before I go away... otherwise I will let it sit in the bank until I get home and then assess.

I guess I don't have much trust in politicians to do the right thing...

 

[AS1975]

Obama is a second-term President, so he can hold on till the Tea-Party Republicans blink, they'll have to as he has no real reason to back down, especially on Signature Packages like Obama-care and medicaid. I suspect the cliff will become a reality and the US will hit a double dip as a result.

That said, defence stocks, like Dassault Systems and Lockheed are a good buy at present, both are making major sales to India (German firms have piss-poor results in India), whereas the F-16 is being sold to Taiwan and others due to the retirement of the F-5, while India has bought the Hellfire ATGM and is looking to upgrade its airforce with Dassault Avionics and an expanded fleet of Mirage fighter bombers. The sheer size of the arms race in the India-Pacific Region is incredible, South Korea, Taiwan, Singapore, India, the Philippines and Japan are buying like drunken sailors, as are Saudi Arabia, the UAE, Georgia and Azerbaijan.

Also, take note of the fact that India has no effective Medium Range Missiles capable of reaching Pakistan/Iran, whereas one of their major trading partners, Israel, has and has recently won a competition to supply the Indian Army with the Spike ATGM (recently used in Georgia where it took out Russian owned & operated (not export model) T-64, T-72 and T-80 MBT's). If I could find the symbol of the German Companies who made it, I'd be buying their stocks.

The fact is that Iran has buried its Uranium enrichment facilities in a mountain, where it is going to be effectively immune to anything but nuclear strike, which Israel is both willing and able to do (Jericho 5). Israel has isolated Iran, Georgia and Azerbaijan in the North, Turkey to the West and India to the East, with Hamas hamstrung by apparent statehood (watch what happens if they start firing rockets as an enemy state) and Assad & Gaddaffi out of the picture. Jordan will not fight to save Palestinians or Assad and Egypt is at the brink of civil war.

Defence stocks would be a good buy at present, a real good buy.

 

[anthony]

If I could find the symbol of the German Companies who made it, I'd be buying their stocks.

']rupture

Just narrowed it for you to 36 companies.

 

[anthony]

I have to admit... it is mighty boring being sold out, whilst all this cliff nonsense happens. Already sitting here today strategising... well, the best I can strategise knowing little about all this stuff, though with no ability OR trust to action anything.

Hurry up politicians and get your shit sorted.

 

[Deleted member 12723]

I agree Anthony. Biting my nails. Not really but very concerned.

 

[anthony]

The calm before the storm... how ironic. It seems to always go the same way with Wall Street. The markets spiral, then they all get together and agree that politicians, or whoever is affecting their game, will make the right decisions in time, so they just invest others monies to show support of their system... then it all falls to shit anyway because their gamble on politicians ever doing the right thing, and doing it in time, hasn't occurred in history as yet.

I expected this... was just unsure when it would happen. That Christmas period is going to be ugly...

 

[AS1975]

Kind of, the people with the money & power get together and decide what they want, then the lobbyists go to work.