Comments on: The Fed Cuts Rates by 75 Basis Points, ASX Rebounds http://www.dailyreckoning.com.au/the-fed/2008/01/23/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 10:39:45 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Pier Johnson http://www.dailyreckoning.com.au/the-fed/2008/01/23/comment-page-1/#comment-6309 Pier Johnson Thu, 24 Jan 2008 06:58:48 +0000 http://www.dailyreckoning.com.au/the-fed/2008/01/23/#comment-6309 Wrongly, you write: "Yesterday alone Aussie investors lost $110 billion in the biggest one-day drop since 1989". That $110 billion did not disappear. Aussie "investors" did not lose. Some sold at the peak of the game and walked away with $110 billion extra, with the House (the Exchange and Brokers -- the Casino) pocketing its take. Other suckers, who gamble at Stock Exchange casinos, lost to better players and as always, to the House. Simply, you do not understand how Stock Exchange Casinos and Stock Exchange GAMBLING works. Wrongly, you write:

"Yesterday alone Aussie investors lost $110 billion in the biggest one-day drop since 1989".

That $110 billion did not disappear.

Aussie "investors" did not lose.

Some sold at the peak of the game and walked away with $110 billion extra, with the House (the Exchange and Brokers -- the Casino) pocketing its take.

Other suckers, who gamble at Stock Exchange casinos, lost to better players and as always, to the House.

Simply, you do not understand how Stock Exchange Casinos and Stock Exchange GAMBLING works.

]]> By: Commenter http://www.dailyreckoning.com.au/the-fed/2008/01/23/comment-page-1/#comment-6293 Commenter Thu, 24 Jan 2008 00:59:43 +0000 http://www.dailyreckoning.com.au/the-fed/2008/01/23/#comment-6293 So will the helecopter drop pull off the rescue..... Europe still down, not convinced?. US up - thanks to a 'plunge protection team' afternoon nudge?. Brazil in similar time zone not convinced. So will the helecopter drop pull off the rescue..... Europe still down, not convinced?. US up - thanks to a 'plunge protection team' afternoon nudge?. Brazil in similar time zone not convinced.

]]> By: novosonic http://www.dailyreckoning.com.au/the-fed/2008/01/23/comment-page-1/#comment-6286 novosonic Wed, 23 Jan 2008 21:25:39 +0000 http://www.dailyreckoning.com.au/the-fed/2008/01/23/#comment-6286 i read the post last night, slept on it, got up, thought about it some more, just took a walk. came back with some old topological maps from the files across the street. well, it's time to start planning some real real estate investments. gee, no point in paying for the $20k engineering study. not that i'm pretty good with a transit, a rod, and a chain. but well that's paperwork. anyway, if any of you city slicks downunder in sydney or melbourne could do me a favour? which is: pass a message up north to my tribe: Tinnenburra. 'kooyalee soon' i read the post last night, slept on it, got up, thought about it some more, just took a walk.

came back with some old topological maps from the files across the street.

well, it's time to start planning some real real estate investments. gee, no point in paying for the $20k engineering study. not that i'm pretty good with a transit, a rod, and a chain. but well that's paperwork.

anyway, if any of you city slicks downunder in sydney or melbourne could do me a favour? which is: pass a message up north to my tribe: Tinnenburra.

'kooyalee soon'

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