FTSE tanking everywhere, lots of global markets getting hit

[Lethn]

https://www.google.co.uk/finance

Anyone watching the financials like I am? It's great to finally be exposed to this kind of thing properly, interestingly the S&P 500 is one of the only ones that's still in the green which may be the work of the Federal Reserve and the Nasdaq looks pretty flat.

I think this year is going to be a great one for cryptocurrencies, I can't wait to see the mass panic begin like with 2008  < *evil* this year I'm determined to make a lot of money from it.

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[CMMPro]

Yeah, I've been watching closely too.

Have you looked at the Nikkei lately? Wow.

[Lethn]

Hyperinflation at it's finest, only a few weeks ago all the news networks were ranting about a recovery

[merkin51]

this year I'm determined to make a lot of money from it.

Through cryptos alone? Or are there other ways to benefit from 2008 like turmoil?

[Lethn]

Gold and Silver are another option but crypto's are more realistic for someone like me because it's very expensive to get into those commodities, but basically owning anything that has actual value, I suspect even grain and livestock is going to appreciate at one point because there will be so much panic it will be the equivalent of a city being under siege.

[spiderbrain]

Commodities are good long term, but they'll actually drop on the short term as the market contracts. I plan to buy more on the dip. Day trading have a look at FAZ.NYSE and DXD.NYSE, but yes, you need a decent amount of money to make it worth your while. Crypto is amazing because there's no fixed minimum transaction fee, unlike stocks. I am spending a little too much time looking at zerohedge at the moment, but it's kind of exciting watching this insane machine melt down. At least this time around we have cryptocurrencies to hold it all together =D

[Jungian]

Gold and Silver are another option but crypto's are more realistic for someone like me because it's very expensive to get into those commodities, but basically owning anything that has actual value, I suspect even grain and livestock is going to appreciate at one point because there will be so much panic it will be the equivalent of a city being under siege.

It's not expensive at all to get into gold and silver. www.goldmoney.com for example allows you to buy small amounts and store them for you.

They are debt free and their reserves are independently auidet. You can store in many different countries so the counterparty risk here is very low.

[GigaCoin]

It's not that bad (yet) so far it's normal. I would love to see a global stock market and housing crash in 2014

[Jungian]

It's not that bad (yet) so far it's normal. I would love to see a global stock market and housing crash in 2014

I want it to wait as long as possible. The more time you have to stock up the better, but I doubt the game can go on for many more years.

[YoYa]

Hrmm, seems zerohedge are saying that the world will end today just like they said yesterday.

[Jungian]

Hrmm, seems zerohedge are saying that the world will end today just like they said yesterday.

Now is always a good time to panic!

[Hyena]

TBH, buying my own apartment is the next big step in my life, thus a housing crash would be very much anticipated

[spiderbrain]

Hrmm, seems zerohedge are saying that the world will end today just like they said yesterday.

Absolutely, but the nice thing about paranoid people is they do all your research for you! I don't think it's that bad yet, but there is another massive credit bubble waiting to pop at the moment. Realising that it's started a few days ahead of most people could be profitable.

[MatTheCat]

Hyperinflation at it's finest, only a few weeks ago all the news networks were ranting about a recovery

eh wot?

U got that wrong.

Hyperinflation is great for stock prices. This is fed tapering.

[Lethn]

Oh dear, you're definitely going to lose money, all hyperinflation does is give stock prices a temporary boost and then it all comes crashing down ^_^

Also, the fed hasn't tapered, if you looked at what they actually said they're continuing the money printing but on a smaller scale, so all they're doing is trying to make it last longer, they haven't actually stopped it in the slightest, it's the equivalent of what the politicians keep doing with the debt ceiling.

[miketonic]

It's not that bad (yet) so far it's normal. I would love to see a global stock market and housing crash in 2014

A big crash is always a possibility to make some money ^^ I'd say gold, silver and cryptocurrencies all would react in the same way: rocketing. Also it gives a possibility to buy some cheap stocks.

[GigaCoin]

TBH, buying my own apartment is the next big step in my life, thus a housing crash would be very much anticipated

+100

[Dr Bloggood]

I totally hear what you are saying!

I have been loosely expecting this since 2008, but watching very closely like a hawk since June 2013. For sure, we have never been so close to the edge before (since 2008). This feels very, very scary... if you are not invested in PMs and cryptos, ha ha ha!

Emerging market currencies falling strongly, and I have a very bad feeling about the stock market too. I can't believe the FED tapered, maybe they are really not that evil, but just simply plain stupid. Incredible and fascinating.

Look out for increased QE in 2014 for sure!

I am spending a little too much time looking at zerohedge at the moment, but it's kind of exciting watching this insane machine melt down.

+1

[btcmad1337]

How will this affect Bitcoin price?

[Ivanhoe]

How will this affect Bitcoin price?

It will shoot us into another galaxy.