Fidelity SPDR Advertisement
Home > Boards > The Lounge > Politics > Politics and Money

Investors should take a substantial loss.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
n4807g Member Profile
Member Level 
Followed By 30
Posts 27,151
Boards Moderated 0
Alias Born 07/08/03
160x600 placeholder
IBM posted sharply lower earnings in its third quarter as sales fell across most of its segments and it unveiled a deal to transfer its semiconductor operations to Globalfoundries. IBM shares down 7% premarket.
More Top Equities Stories Of The Day
U.S. Stocks Mixed as IBM Drags Dow Down
FTSE 100 Loses Ground In Topsy-turvy Trade; Shire Losses Deepen
Stifel Financial to Hire Two Former Merrill Lynch Advisers
U.S. Stocks Gain, but IBM Weighs on Dow
U.S. Stocks Rebound After Recent Losses
U.S. Hot Stocks: Hot Stocks to Watch
India's Snapdeal in Talks With SoftBank, Others
Halliburton Guidance Expected to Shed Light On Oil Price Worries -- Earnings Preview
n4807g Member Level  Monday, 04/23/12 01:55:27 PM
Re: properlynumb post# 47226
Post # of 98671 
Quote:
Investors should take a substantial loss.



Well that's a real problem because the "investors" that would take the "haircut" are the banks that took the LTRO money from the ECB and to a lesser degree the IMF.

Do you wonder why interest rates are on the rise again? Ask the head of the Bundesbank:

http://www.bloomberg.com/news/2012-04-22/bundesbank-s-weidmann-says-what-no-eu-politician-wants-to-hear.html

Of course when the haircut is taken the banking system in Europe will collapse and they will fall into a full blown depression. What private sector investors learn in Greece, they now practice, don't buy European Sovereign Debt. So there's really no secondary market for those pieces of paper.

Ultimately that haircut will be taken from the population in Europe.

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist