Re: Icelandic cash funds


<sigvald@xxxxxxxx> wrote in message
news:1143031581.756300.276000@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Frithiof Andreas Jensen wrote:

You are deluding yourself!

No, I am not. Den Danske bank is deluding you and is participating in a
slander campaign that is trying to do as much damage to the Icelandic
economy as possible.

Nobody - with recent experience of DB - would think that:

DB do not care about Iceland, what happens to the Icelandic economy nor what
happens to feeb investors taking their advice.

DB cares about 1 thing: Making commissions on sales preferably by dumping
dud stock on naive investors. If DB recommend something, it is because they
are taking the opposite position.

So, DB agrees with you - you should be happy ;-)

Just envy, that´s all.

Whatever makes you happy and makes you increase your leverage even further
is fine. Really.

Iceland has enjoyed a better economy, lower unemployment and higher
living standard than Denmark for the last decades and now the Danes
cannot restrain themselves and slander Iceland and it´s economy
wherever and whenever they can.

"has" is clearly the operative word here - because you guys are now
running
on vapours and you still think that you are going to the moon on momentum
alone; that is classic dot.bomb think. The Iceland economy followed the
same
trajectory as Turkey did and it will go *pop* just like Turkey did in
2001.
Say hello to 20% interest rates!

Like they said in the report from Den Danske bank, they are not
experts on the Icelandic economy, in fact they are mixing up figures
and do not have their facts straight.

Pricing of stock is not about facts, it is about emotion. Very occasionally
markets aligns with underlying reality - I am betting that you people are
about due for a dose of reality.

You are betting the other way. DB is betting with you. With so much
experience, how can you loose?


Why do you think that agencies such as Standard and Poor´s have not
seen any reason to change their ratings on the Icelandic economy?

1) Nobody specifically paid them to rate Iceland.

2) Their paying clients are still lightening up on Icelandic funds and need
the demand.

3) They are busy in more important markets, markets generating fatter fees.

.... whatever ...

Iceland is in a much better shape than Denmark in any way you look at.

Time will tell.


.

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