cactus flower wrote:

Is EVM going to save the Nation?

If he splashes out a grand that could double the price overnight !

Auditor #9 wrote:

cactus flower wrote:

Is EVM going to save the Nation?

If he splashes out a grand that could double the price overnight !

I haven't got my trading account set up yet. It takes 5 days.

Disappointing, you'd be 10% richer right now. Tell them you want to speak to a manager to hurry the ~~~~ up.

johnfás wrote:

Disappointing, you'd be 10% richer right now. Tell them you want to speak to a manager to hurry the ~~~~ up.

I know. Bummer. Somebody took a big profit at about 10:30 when they hit 1.20

EvotingMachine0197 wrote:

Auditor #9 wrote:

cactus flower wrote:

Is EVM going to save the Nation?

If he splashes out a grand that could double the price overnight !

I haven't got my trading account set up yet. It takes 5 days.

Have you not tried Sharewatch? They are reputed to have the cheapest commissions on share trading in the land. As for the stock exchange, well mon dieu haven't been having a bad time? The ISEQ is on the floor at the moment and it doesn't look like an end is in sight. The massive falls in oil prices, falling interest rates and a weaker euro-dollar rate all help at the moment, but it looks like we're in for another 18 months at least of ructions before we can call a bottom to this fairly dramatic downturn.

Youngdan's prediction is coming true. We will have the last laugh on climate change though.

cactus flower wrote:

Youngdan's prediction is coming true. We will have the last laugh on climate change though.

It would be good to be completely wrong on climate change though. It'd be nice to keep the climate in balance for the future.

Ard-Taoiseach wrote:

cactus flower wrote:

Youngdan's prediction is coming true. We will have the last laugh on climate change though.

It would be good to be completely wrong on climate change though. It'd be nice to keep the climate in balance for the future.

Did you catch the International Energy Agency report today?

cactus flower wrote:

Ard-Taoiseach wrote:

cactus flower wrote:

Youngdan's prediction is coming true. We will have the last laugh on climate change though.

It would be good to be completely wrong on climate change though. It'd be nice to keep the climate in balance for the future.

Did you catch the International Energy Agency report today?

It's very interesting that it says that they say that the era of cheap oil is over when the price has plummeted by almost 70% since the Summer. In today's circumstances, it'll take quite a while to re-capture the highs of this Summer.

Ard-Taoiseach wrote:

cactus flower wrote:

Ard-Taoiseach wrote:

cactus flower wrote:

Youngdan's prediction is coming true. We will have the last laugh on climate change though.

It would be good to be completely wrong on climate change though. It'd be nice to keep the climate in balance for the future.

Did you catch the International Energy Agency report today?

It's very interesting that it says that they say that the era of cheap oil is over when the price has plummeted by almost 70% since the Summer. In today's circumstances, it'll take quite a while to re-capture the highs of this Summer.

Even with a recession, new technology and a pile of nuclear thrown in they are still saying we need four new Saudi Arabias?

cactus flower wrote:

Ard-Taoiseach wrote:

cactus flower wrote:

Ard-Taoiseach wrote:

cactus flower wrote:

Youngdan's prediction is coming true. We will have the last laugh on climate change though.

It would be good to be completely wrong on climate change though. It'd be nice to keep the climate in balance for the future.

Did you catch the International Energy Agency report today?

It's very interesting that it says that they say that the era of cheap oil is over when the price has plummeted by almost 70% since the Summer. In today's circumstances, it'll take quite a while to re-capture the highs of this Summer.

Even with a recession, new technology and a pile of nuclear thrown in they are still saying we need four new Saudi Arabias?

It seems like that. With the global recession, there should be no supply shortages over the next two years. The demand simply isn't there for the oil price to be in any way elevated.

Ard-Taoiseach wrote:

EvotingMachine0197 wrote:

Auditor #9 wrote:

cactus flower wrote:

Is EVM going to save the Nation?

If he splashes out a grand that could double the price overnight !

I haven't got my trading account set up yet. It takes 5 days.

Have you not tried Sharewatch? They are reputed to have the cheapest commissions on share trading in the land. As for the stock exchange, well mon dieu haven't been having a bad time? The ISEQ is on the floor at the moment and it doesn't look like an end is in sight. The massive falls in oil prices, falling interest rates and a weaker euro-dollar rate all help at the moment, but it looks like we're in for another 18 months at least of ructions before we can call a bottom to this fairly dramatic downturn.

Hey AT. Welcome back !

How does a sharewatch transaction take place do you know ?

Sharewatch Small Trades

All they give is a phone num.

EvotingMachine0197 wrote:

Ard-Taoiseach wrote:

EvotingMachine0197 wrote:

Auditor #9 wrote:

cactus flower wrote:

Is EVM going to save the Nation?

If he splashes out a grand that could double the price overnight !

I haven't got my trading account set up yet. It takes 5 days.

Have you not tried Sharewatch? They are reputed to have the cheapest commissions on share trading in the land. As for the stock exchange, well mon dieu haven't been having a bad time? The ISEQ is on the floor at the moment and it doesn't look like an end is in sight. The massive falls in oil prices, falling interest rates and a weaker euro-dollar rate all help at the moment, but it looks like we're in for another 18 months at least of ructions before we can call a bottom to this fairly dramatic downturn.

Hey AT. Welcome back !

How does a sharewatch transaction take place do you know ?

Sharewatch Small Trades

All they give is a phone num.

Thanks for the welcome EVM, I don't know the ins and outs of trading with Sharewatch but I have been told they are the cheapest to use.

The DOW Ind is down at 7533. The flight out of shares continues.

On oil I am convinced it will shoot up once there is any sign of recovery. Apart from that supply is not reliable.

Squire wrote:

On oil I am convinced it will shoot up once there is any sign of recovery. Apart from that supply is not reliable.

Which will be when, exactly? The end of next year? We've got a good bit of this global recession to get through yet, that should keep the oil prices falling.

A. T.

As I said before if I decide to initiate a project now it will take at least 2 years before it starts to employ a reasonable number of people. Right now you would need to be Mystic Meg to know where to invest. I think it will be a lot clearer by early summer. We should know by then just how dire this is going to be. So assuming others have similar time spans, to wind the economies up again is going to take several years AFTER we have some idea where we are heading.

However by similar logic, if you want to have new energy supplies on tap for whenever the economy does turn around you need to be several years ahead of that again. It will take anything from 3-10 year depending on the energy source. One known is that we will need energy to fuel our economy. It is one of the certainties as is a need to feed an increasing world population.

EDIT

I would sooner see money poured into energy production than used to prop up some failing bank or blown on consumer spending. It would create a fair amount of employment and would be of lasting value.

Asia is opening around 2% down.

Suppose the sooner we get these declines out of the way and return to the boring the better.

At some stage shares are going to look like they have value and money will flow in. Will this reduce the money available to buy bonds and finance government borrowing?

EDIT

Not so bad a day in Asia most of the markets ending up.

Sharewatch thread

Good thread here where the MD and head of IT from sharewatch got involved in responding to queries.

BOI getting slaughtered this morning after 2 weegs of steady gains. Currently at 1.24, down 12.7% on opening.

*** Evm post above - did you purchase those shares ? You WILL have to wait ten years you know

The States is in a recession - worst since WWII according to Bloomberg. Thankfully it's still booming here.

Quote :

Dec. 2 (Bloomberg) -- The U.S. economy, now officially in recession, may be in the midst of the longest slump in the post- World War II era as job losses mount and credit dries up.

The economic slump began in December 2007 when payrolls reached a peak, the business cycle dating committee of the National Bureau of Economic Research, a private, nonprofit group of economists based in Cambridge, Massachusetts, said yesterday. The last time the U.S. was in a recession was from March through November 2001, according to NBER.

“We’re going on 12 months already, and we’re just getting started,” said Stephen Stanley, chief U.S. economist at RBS Greenwich Capital in Greenwich, Connecticut. “We’re looking at some pretty severe numbers for the fourth quarter, and the first quarter of 2009 will be pretty bad as well. The economy isn’t going to turn around definitively until the credit markets unclog.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=aXTWFDfLt8KM&refer=home

Everyone's putting the money under the mattresses

Didn't buy them yet. Goodbody account is set up since Thursday but I have not got user/pass in the post yet.

According to Herald am...coldest autumn in 15 years. Why?? Sunspots, ocean currents, I think, are the current explanations for the slowdown in temp rise and are possibly temporary. However, if it keeps it up, I suspect demand for heating oil, gas, etc may be high this winter. Murphy's law, just when we all can't afford it!

http://www.finfacts.ie/ very interesting today, Germans upset about economic stimulus (such as UK VAT drop), Lenihan says he doesn't have much room for manoevre with contributing to the 200bn EU stimulus package... in his defence, our rate of capital/infrastructure spend is twice the EU average, apparently.

The drop in energy prices is a long term disaster, the prices have dropped SO low that investment in alternatives is slowing dramatically....80bucks a barrel makes most alternatives viable...we're well below that now.

Deflation feels like being in a room with all the air being sucked out of it.

expat girl wrote:

The drop in energy prices is a long term disaster, the prices have dropped SO low that investment in alternatives is slowing dramatically....80bucks a barrel makes most alternatives viable...we're well below that now.

It won't be long but people won't be making decisions on trying out alternatives, they'll just stick with the oil because we'll believe there's so much in the ground it'll never run out.

It mightn't but I doubt it. One day in five years time we could wake up in a world of fans and flying brown stuff.

Auditor #9 wrote:

expat girl wrote:

The drop in energy prices is a long term disaster, the prices have dropped SO low that investment in alternatives is slowing dramatically....80bucks a barrel makes most alternatives viable...we're well below that now.

It won't be long but people won't be making decisions on trying out alternatives, they'll just stick with the oil because we'll believe there's so much in the ground it'll never run out.

It mightn't but I doubt it. One day in five years time we could wake up in a world of fans and flying brown stuff.

As the price of oil goes up so too does the reserves of economically recoverable product.