Sept. 19 2008 Hans Lysglimt There is so much fun to write about we don’t know where to start today. Lets begin with the coordinated efforts by the central banks. Let the tax payers pay. We expected something unexpected, and this is what we got. There will be more surprise efforts as this crisis deepens. […]
[youtube]http://www.youtube.com/watch?v=z2EXTQGe2vQ[/youtube]
Russia is now in full panic mode. The stock exchange is closed today. Sweden has fallen from 1300+ down to the 700-numbers now, close to panic. The US has not yet seen this dramatic of drops, it will come. This article (in Swedish) appeared today about valuations of Russian companies. There are several Swedish holding […]
Sept 18. 2007 Hans Lysglimt The markets are crashing. We have been predicting this since November 2007. If you have not yet sold all your shares, please do now. The DOW is going under 10 000 and further down. The Oslo index i going below 200. No one would listen to us in November 07, […]
As we predicted earlier today (see below) FED left interest rates at 2%. We should however prepare for new cards that the FED have up their sleeve. We will be surprised at what they can do.
Today’s fall in Oslo of 6.66% after 5% yesterday is dramatic. We are however not surprised. As lately as September 4 we wrote that we expected a “Norwegian Triple Hit” were we described just what is happening. A massive world wide slowdown. An oil and commodities collapse. And a bias for Norwegian kroner turning to […]
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