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  #701  
Old 19.11.2008, 18:50
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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It's not just UBS. CS, Deutsche Bank, HSBC, Barclays, BNP, Citigroup are all getting smacked hard. There are no believers out there! Folks have lost their faith in stock markets. We need a Messiah to light the way and lead us out of the desert.
B. Obama....?
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  #702  
Old 19.11.2008, 19:04
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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We need a Messiah to light the way and lead us out of the desert.
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B. Obama....?
Well he is the chosen one!
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  #703  
Old 20.11.2008, 08:28
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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Sorry, I'll get my coat....
Worth a laugh, but not exactly accurate. In 2004 their share price was around CHF 30 and in 2008 less than half. Closed yesterday around CHF 12 - and I would still sell.
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  #704  
Old 20.11.2008, 10:58
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

Looks like UBS's Christmas tree is going to be a little more lop-sided - their shares are nearly 10% down on the morning and under CHF12.00 XX sorry under CHF11.00...

Last edited by AbFab; 20.11.2008 at 11:02. Reason: update
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  #705  
Old 20.11.2008, 11:05
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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Looks like UBS's Christmas tree is going to be a little more lop-sided - their shares are nearly 10% down on the morning and under CHF12.00 XX sorry under CHF11.00...
Do I hear 10? 10? Anyone? (not sure which smiley fits)
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  #706  
Old 20.11.2008, 11:26
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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Do I hear 10? 10? Anyone? (not sure which smiley fits)
you can hear 10.73 ....

A biologist asking a stupid question : if the share price goes down and down ... how does this impact the near future of UBS. Will they need more financial support from the government, can they go bankrupt?
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  #707  
Old 20.11.2008, 11:30
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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you can hear 10.73 ....

A biologist asking a stupid question : if the share price goes down and down ... how does this impact the near future of UBS. Will they need more financial support from the government, can they go bankrupt?
It's not just UBS - I quoted them as they have been the topic here.

All financial shares are down dramatically. But think of it in percentages. You can keep dropping 10% a day almost forever, but dropping CHF1.00 a day gives them 11 days...
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  #708  
Old 20.11.2008, 14:15
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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Also the Swiss National Bank has been taking some obscure actions to signal the CHF is too strong e.g. reduced its 3- month LIBOR target band by 50bps Marton
Swiss National Bank reduced its 3- month LIBOR target band TODAY by 1 point on top of the recent half point reduction I mentioned.



p.s Libor rate is now 1.96; lucky my mortgage comes up for renewal soon & not 2/3 months ago.

Marton
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  #709  
Old 20.11.2008, 15:16
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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Swiss National Bank reduced its 3- month LIBOR target band TODAY by 1 point on top of the recent half point reduction I mentioned.



p.s Libor rate is now 1.96; lucky my mortgage comes up for renewal soon & not 2/3 months ago.

Marton
That's a helluva cut - sign of real distress / trouble.
Mortgage owners might be happy, but if the economy goes down the crapper so do real estate values. Negative equity, anyone?



Paul
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  #710  
Old 20.11.2008, 15:26
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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That's a helluva cut - sign of real distress / trouble.
Mortgage owners might be happy, but if the economy goes down the crapper so do real estate values. Negative equity, anyone?



Paul
What <<trouble>> ??
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  #711  
Old 20.11.2008, 15:28
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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if the economy goes down the crapper so do real estate values. Negative equity, anyone? Paul
That is OK for me, I never view the place I live in as an investment. What good is such an investment when the only way I can realise the profit is to live in a cardboard box under a bridge.....

Mostly in Switzerland real estate values did not rise much in the last few years so they should not fall much either - excluding some special cases like certain ski areas and some parts of the larger cities.

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That's a helluva cut - sign of real distress / trouble.
It is !! & worse it was not forecast so soon & so high by the people who forecast such things; some did say another 0.5% in December maybe.

Marton
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  #712  
Old 20.11.2008, 15:35
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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you can hear 10.73 ....

A biologist asking a stupid question : if the share price goes down and down ... how does this impact the near future of UBS. Will they need more financial support from the government, can they go bankrupt?
I think that a part of the problem might be if the stocks have been used as collateral for loans (to buy more stocks) and as the stocks gets lower there is a increasing possibility of the lenders requiring more collateral to cover the debt or that such loans being called in, which means the stock has to be sold no matter what, which lowers the price and this causes a chain reaction... This has probably been happening for some time now..

I belive many investors have well defined exit limits to minimize their cognative biases...
Another possibility might thus be that a nice number like 10 could be a popular threshold for an automatic sell.... so if the price fluctuates below 10, things could escalate...

but then again... Im no expert, just postulating.
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  #713  
Old 20.11.2008, 16:00
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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What <<trouble>> ??
They basically see the economic activity - domestically and internationally - slamming to zero.
The lower band of SNB's "target" LIBOR rate was 2.25% until oct. 7th - now it is 0.5%.
It is not the numeric value which is cause of concern - it is the rapidity with which the target rate was lowered.
It's like slamming a car in the wall, so to speak.
And let's just pray that lower interest rates WILL find their way into the pockets of the ordinary folks, or else....

P.
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  #714  
Old 20.11.2008, 18:54
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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I
All financial shares are down dramatically. But think of it in percentages. You can keep dropping 10% a day almost forever, but dropping CHF1.00 a day gives them 11 days...
At which stage, presumably, the fat lady sings
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  #715  
Old 20.11.2008, 19:23
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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At which stage, presumably, the fat lady sings
sounds more like crying

Marton
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  #716  
Old 20.11.2008, 23:33
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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What <<trouble>> ??
The spectre of deflation.

This means;
Everything thay you buy falls in value; houses, shares, stamps, diamonds, &&&.
Then people stop buying & everything slowly grinds to a halt.

Marton
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  #717  
Old 21.11.2008, 10:29
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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My question is, why is the dollar going up in value so drastically. 1 Franc is now only 0.815 $......
Perhaps because American's are liquidising their assets and buying American dollars.
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  #718  
Old 21.11.2008, 10:32
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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for what purpose? whats the benefit?
To get rid of Asian assets.
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  #719  
Old 21.11.2008, 11:04
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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I dont want to sound like a broken record, but why?

Are Asian assets in worse shape than US ones?
Google "Asian economy" and see for yourself.

I was in Singapore and KL recently and the local papers talked about investment being pulled out.

Australia is being hit now because Asia is it's biggest export market.

Last edited by CH_Me; 21.11.2008 at 11:20.
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  #720  
Old 21.11.2008, 11:43
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Re: Financial Crisis Bank News [was: How Safe is UBS?]

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