₦airaland Forum

You sure say no be Jakumo be dat?

candylips:
well its like that worldwide not only nigeria.

it amazes me when i see people reading patterns, drawing lines, looking for break-outs, etc.
It has been academically proven that technical analysis is rubbish but still yet a lot of folks waste time on this.

If you wanna invest in the stock market you have to do your fundamental analysis very well and apply a good deal of intuition and common sense plus you most take the view that stock prices are RANDOM

Technical analysis is far from rubbish and there is no academic consensus on the matter. Some studies claim it works, some don't.

It works for me while executing short term trades. If however you are taking a long term view, fundamental analysis works best. Ideally, you should always use both.

The reality is that in a market where many traders use technical analysis, you can't literally afford to ignore a significant aspect of what moves the market. This is the self-reinforcing logic behind technical analysis.

biina:
A drop in price might be good for the club as they could buy back the bonds at a cheaper rate.

I don't think the club has the money to buy back the bonds. The price drop is irrelevant in so far as they have no intention to make a new bond issue any time soon. The most difficult part has been accomplished, the successful bond issue.

David is still engaged in this hare brained GOP are racist rubbish. Why do Republicans hate Obama? Because he is a Democrat, if you don't know that, you need lessons in history. When Clinton was in power, he was hated with a passion by Republicans who tried to impeach him on the flimsiest excuse.

It's the partisan divide. Has anyone forgotten Bush Derangement Syndrome amongst Democrats? An example here:http://www.rasmussenreports.com/public_content/politics/current_events/bush_administration/22_believe_bush_knew_about_9_11_attacks_in_advance.

I thought Obamania ended last year.

Dont mind them. . . they keep hammering at this deficit thing knowing it was inevitable that huge expenditure was required to turn the economy around. . . as it is many economists are claiming that the effects of both stimulus bills (TARP and Keynesian) will fade away very soon, and that more stimulus is needed to sustain growth. . .

Totally out of your depth. All this drivel you are talking doesn't hide the fact that running major deficits will cause significant long term harm to the economy. Did you see how the market reacted today to news about sovereign debt risk? Keynes baloney.

I'm not impressed. We have beaten them 3-1 already last season, I though it was time we went 1 or 2 better by beating them 4-1 or 5-1. Arsenal reminds me of Newcastle who we used to thump mercilessly.

What these retarded and naive women attacking mothers don't understand is that a man's treatment of his mother is a good indication of how he will treat his partner. Of course, you don't want a man who allows his mother mistreat his wife but some of the hate spewed towards mothers here is ridiculous.

These same narrow-minded vermins will one day be mothers in law. Shame on you ugly and bone-headed Naija women.

yoruba:
The English and Germans flock to South Africa every year. They even bought property around Cape Town and Western Cape, the German Institution for culture in Johannesburg has gone bigger, heck[b] South African gold has been feeding the mouths of the British royal family since 1905[/b](thats 60% of the earths gold) and still today. What more do they want?, oh the world is coming to an end in Jo'burg if South Africa host the world cup?
Oh they almost wiped out an entire race of aborigines in Australia.

Abi, if not for the gold in South Africa, the royal family would be paupers today. This defence of South Africa is funny given how many South Africans view the rest of Africa. It's not nice to be at the receiving end of a smear campaign.

Back of the envelope calculation: 2 millions ounces sounds a lot but gold prices, currently at $1000+ per ounce, mean that the market value is $2bn+. By the time you take away the production cost, the net benefit for Nigeria from this particular 'discovery' could be just about $1bn.

Someone mentioned a recent discovery in Ghana, 1.8bn(estimates) barrels of crude oil. At market prices of $70+ per barrel, market value is around $130bn. Now that is news worthy.

So do Gaynners who think this season won't end trophyless reckon they will win either the league or the Champions League?  

Obama has today proposed restrictions on banks engaging in prop trading, owning hedge funds and private equity firms. About time the riskier aspects of modern banking is hived off so that banks can concentrate on what they do best. Shame he announced on a day I was holding Barclays shares.

Mekusxyz:
It is not about the beneficiaries. It is about the fact that no one mentioned this particular loan during the bank purge by Sanusis, and that FBN (btw I am a fairly strong shareholder in this bank) was not sanctioned for this bad loan like the other banks.

So this is not a case of nepotism then but of ineptitude or malpractice.

The stock market is rallying on hopes of the Democrats losing.

This forum is full of vermins. What's with the retarded conspiracy theories?

Call it self-satisfaction but I will love to reincarnate as myself again, only with a slightly smaller head(my head is too big).

Ibime:
Isnt that because Obama is forced to carry the cost of Bush's wars?

It would have been more accurate to blame the cost of the recession. For the wars, Obama supports the Afghan war, he even thinks it should be expanded, so that doesn't count.

The Iraq war cost US taxpayers about +$100bn per annum. The deficit is $1.4 trillion for 2009. You still think the war is the prime cause of the deficit?

Ibime:
Why did the Republican party not then make this as big an issue during Bush's tenure as they are doing now?

That's a very stupid question. When a Republican is in power, Democrats(including Obama) will knock the president's policies, when a Democrat is in power, the reverse is the case.

Comparatively, Obama's spending plans envisage a deficit that will make Bush's deficits child's play.

It may have something to do with scenes like these:

The lessons from Chavez's policies are pertinent to the US in respect of the Bush and Obama administrations. If you keep on expanding the Govt in pursuit of populist measures, the chicken will come home to roost at some point.

[quote author=maxi-t link=topic=382952.msg5333326#msg5333326 date=1263731431]Definitely Haiti will turn down our offer,  Abeg if any one knows how to get a Haiti Visa let me know. I prefer to stay there than this CURSED land called Nigeria where the silly NORTHERNERS with little or no education holds power to everything,[/quote]Haiti is far poorer than Nigeria so I don't see your point.

A picture that speaks a thousand words:

@David

Your point is irrelevant to the thread. Haiti has always been a mess but there has been a sudden tragedy that is causing unimaginable suffering and there are people who wish to help in their own little way in dealing with this specific event.

debosky:
These hedge funds will be part owned by banks or some other arrangement, so it'll simply be moving the problem to a different location waiting to happen. Trading, while risky is still an integral part of how markets work. I don't buy the idea that simply because the banks are currently guaranteed by the Govt that they should be prevented from doing what they do.

Each hedgie is unique but most are not owned by banks. The idea is not to eradicate the problem but to move it somewhere else, the shadow banking system, where its negative effects are contained. It's one thing if MAN Group implodes, it's quite another where RBS implodes. In the latter, the taxpayer foots the bill.

Trading is not an integral of a banking system. The question is not whether to engage in risky trading but whether banks should engage in risky trading.

In any case, the govt expects to make a profit from their investments in the banks - how on earth do they think that will happen if they prevent the banks from participating in these risky (but highly profitable) activities? Counter productive if you ask me.

The gross losses of the implosion of banking system in '08 far exceeds the expected profits the Govt will make from their stakes in the various banks.

Banking is a lot more than that - you can't possibly draw those distinctions at the moment, so till the regulations are changed to enforce the demarcations you speak of, bonuses will continue.

Banking has always been essentially as I described it. This stampede into casino banking is a relatively new thing. The world was doing quite well with traditional banking.

debosky:
The banks will argue that they will lose 'top talent' to other banks if they fail to pay bonuses.

Their definition of top talent seems to take in a lot of chaff.

Let's bear in mind that the most egregious bonuses go to the traders. These traders make a lot of money because they take a lot of risk. There is a pertinent question as to whether banks, who are guaranteed by the Govt, should be engaged in such risky trading. If the implication of stricter regulation of the bank's compensation regime is that they lose their best traders to hedge funds and the rest of the 'shadow banking' system, so be it. At least, these hedge funds do not have to depend on Govt bailout.

The banking sector should go back to what it does best; taking deposits and providing loans to entrepreneurs. Leave the bonus culture and the attendant risk taking to the shadow banking system.

Read and weep:

The world's biggest investment banks are expected to pay out more than $65bn (£40bn) in salaries and bonuses in the next two weeks, reinforcing the view that it is business as usual on Wall Street and in the City barely a year since the taxpayer bailout of the banking system.

Despite efforts by Alistair Darling to deter banks from handing out multi-million pound bonuses through the introduction of a 50% windfall tax, City sources believe that the biggest employers will absorb the cost of the tax rather than cut the size of the bonus pools they amass throughout the year.

This will mean that while proceeds from the tax could top £2bn – more than four times the £550m estimated by the chancellor in the pre-budget report – the government will have failed to alter the traditional bonus culture in the City.

http://www.guardian.co.uk/business/2010/jan/08/bonus-time-city-banks

With banks' earning season kicking off next Friday, it's bonus time!

The banking conglomerate, which will on Friday be the first Wall Street bank to report its fourth-quarter results, is on track to offer the record pay-out thanks to a resurgence in investment banking.
Analysts estimate that the world's biggest banks will pay more than $65bn to their staff over the next fortnight despite efforts by governments in Europe and the US to restrict excessive remuneration.

JP Morgan's pay-out looks set to be the highest ever offered by the bank. Based on analyst consensus, it will be 28pc up on 2008 and 2007 levels, in line with a 50,000 increase in staff, accumulated when it swallowed up Bear Stearns and Washington Mutual.

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6958528/Record-bonus-pot-at-JP-Morgan.html

Imagine if this money was ploughed back into dividends for the long suffering shareholders or used in beefing up capital positions which is necessary in the light of the latest Basel proposals

[quote author=~Sauron~ link=topic=377782.msg5284305#msg5284305 date=1263079187]Says who?
With the number of Islamic clerics in the UK hate-preaching here n there. . . .what do you expect?
Why was that Islamic cleric with the hook hand jailed in the first place? Muttallab was radicalised in UK whilst attending Islamic schools/gathering, etc.[/quote]Which Islamic school did Richard Reid or the London bombers of '05 attend prior to their radicalisation? Are we now going to call for the ban of Islamic gatherings?

My point remains; monitor the schools and weed out the extremists.

oyb:
in the final analysis, is that i'd say they integrated

Integrated? Do Arabs send you a cheque for having your tongue stuck up their backside? If a foreign people invaded another person's land and virtually wiped out the locals, your reaction is ''well, they're effectively integrated''?

[quote author=~Sauron~ link=topic=377782.msg5284259#msg5284259 date=1263078566]Not all Islamic schools foster terrorism but ALL kinda terrorism started from Islamic schools.
How do we know which is which? At this point. . . . .I think Abacha's regime was better than this joke called Democracy.
In the military era, wetin be Sharia?[/quote]Many of the extremists in the UK became radicalised without ever having to go through Islamic schools. Muttalab was effectively radicalised in the UK not in a madrassa.

I don't think closing all Islamic schools helps. It's as sensible a suggestion as asking that you close all mosques.

oyb:
i am - oya tell me a country that was colonised by the arabs. no copy and paste - you claim to hate that

Your ignorance is stunning. Do you think the whole of North Africa was originally Arab? That you are even asking this question shows how much of an id'ot you are.

bawomolo:
Yeah, i think your argument should be did we get independence too early?  Africans should have been trained as administrators rather than europeans just jumping ship.

We asked for it and it was given to us.