Market's going up!

[commish13]

Dow's up 112 points with less than 2 hours to go before the closing bell!

[IMSlacker]

Don't jinx it!!

[mikeyboy]

Don't jinx it!!

Yeah. Let's treat it like a no-hitter and pretend we don't notice that it's happening.

[patsopinion]

every time palin talks the market ticks down

[commish13]

FUCK

now it's only up 66

[commish13]

116!

[JPMNICK]

after being down 800 points for the last 2 days, this is really not that great.

better then losing i guess.

[commish13]

As long as it closes up in an hour and a half, it's better than it has been in a while, and that could start a trend where it stays up for a few days. We'll see how it goes.

[AKA]

As long as it closes up in an hour and a half, it's better than it has been in a while, and that could start a trend where it stays up for a few days. We'll see how it goes.

Errrr...not sure how you figure that - it rebounded after a bad day last week with 400+ the next, only to fall into the shitter for the next week - hard to get too optomistic about 5000 points lost in 12 months time.

[mendyweiss]

The Wiseguys And Smart Money Are Getting Ready To Jump in With ALot Of Cash, BIGTIME !!!


You'll See

[Freitag]

Dow's up 112 points with less than 2 hours to go before the closing bell!

Most action on the market takes place between 3 and 4. SHHHHHH.

[Recyclerz]

Here's an idea that I'd to get test driven by you financial types: Obviously the stock market has been bad for a year (I just figured out how much I lost in my retirement accounts over the last 12 months last night - :glurps:) but the last few days seem really maxxed out on the sell side. I'm thinking it is the Greenwich hedge fund types selling anything and everything they have got to try to stay solvent with their losses in credit swaps and what have you. Once those guys stop selling I'm thinking it is time to start buying stocks again as the remaining stockholders (401ks, pension funds, etc.) are not so likely to sell.

Anybody want to lend me a couple of million so that I can test my theory?

[commish13]

Man, I'm just glad to see green and a plus sign. That's fun.

[HBox]

Here's an idea that I'd to get test driven by you financial types: Obviously the stock market has been bad for a year (I just figured out how much I lost in my retirement accounts over the last 12 months last night - :glurps:) but the last few days seem really maxxed out on the sell side. I'm thinking it is the Greenwich hedge fund types selling anything and everything they have got to try to stay solvent with their losses in credit swaps and what have you. Once those guys stop selling I'm thinking it is time to start buying stocks again as the remaining stockholders (401ks, pension funds, etc.) are not so likely to sell.

Anybody want to lend me a couple of million so that I can test my theory?

Well sure, that sounds like a- HEY!

[Freitag]

Down 100. I hate you all.

[IMSlacker]

Down 140. This thread stinks.

[JPMNICK]

even my oil ETF is down big even though the market is down as well as the price of oil. this makes no sense. it was up 11% today and now it is down 7. nice 18 point swing in 1 day

[commish13]

i suck

[IMSlacker]

Closed down more than 200. commish13 = the financial Hippos.

[King Hippos Bandaid]

I don't touch the money market

I know too little

[mikeyboy]

I don't touch the money market

I know too little

That doesn't stop you with sports.

[EliSnow]

Closed down more than 200. commish13 = the financial douggrasso.

Fixed.

[King Hippos Bandaid]

That doesn't stop you with sports.


zing..............

I challenge you to a sports trivia contest anytime..........

I know my sports, picking teams to win, that's another story

[Dougie Brootal]

Fixed.

OH!


well i never!:annoyed:

[Don Stugots]

OH!


well i never!:annoyed:

had sex with a woman? we know.

another day, another lost bunch of money.

[Zorro]

SIRI closed @ 46 cents... do they risk being delisted?

[Freitag]

I think I should go be a school teacher.

Or go back to working in a restaurant.

[Don Stugots]

I think I should go be a school teacher.

Or go back to working in a restaurant.

i may go back to working with my tools.

[Freitag]

i may go back to working with my tools.

jacking? ew.

[TheMojoPin]

zing..............

I challenge you to a sports trivia contest anytime..........

I know my sports, picking teams to win, that's another story

Maybe you're a reverse jinx when it comes to shit that matters, like stocks.

[JPMNICK]

SIRI closed @ 46 cents... do they risk being delisted?

yea they most likely will be unless something changes over there. Under a dollar is not that place they need to be.

I think they will do a reverse spilt of 1:10 to bring there share price up to around 5 bucks. it will keep the casual investor into thinking they are doing well and keep them from being delisted

[Don Stugots]

jacking? ew.

if i could get paid for that, i would be a millionaire.

[Freitag]

Maybe I'll become a cruise travel agent.

I hear it's easy to get a corporate credit card that way.

[SatCam]

I might go back to my old job of unemployed

[patsopinion]

I might go back to my old job of unemployed

at least with that theres job security

[Freitag]

I feel ill.

Commish, I am going to find you.

[Zorro]

I feel ill.

Commish, I am going to find you.

Berliners are hoping the wall goes back up

[Reynolds]

SIRI closed @ 46 cents... do they risk being delisted?

40

[Jughead]

Im warming up my voice.........Drummer needed....

[commish13]

I'm willing to take the blame, but did it have to happen on John Lennon's birthday?

Last year the market was way up as a present to him, and now this? Come on!

[Freakshow]

you gotta start a new thread. I keep thinking the market is up. Then I remember it's not...

[Zorro]

Just got my closing stock alert....sent a shiver up my spine

[JPMNICK]

Sirius Stock needs to do something, soon. they better go reverse split or else once they get de-listed they are pretty much signing their bankruptcy papers.

[Jughead]

Call me Mr Dunn from now on..Thanks:surrender:

[KingModem]

Im going to go home and throw razorblades at whatever CNBC show happens to be airing.

[Earlshog]

Im going to go home and jack at whatever CNBC show happens to be airing.


Fixed

http://www.mediabistro.com/fishbowlny/original/bartiromo_money_honey_3.jpg

[Zorro]

http://i109.photobucket.com/albums/n67/Chas4604/erin_burnett_0251.jpg

[scottinnj]

40

Good song for U2

Bad number for SIRI

[Reynolds]

The Dow plunged at the opening bell, dropping more than 660 points in the first minutes of trading"

will it ever end?

[EliSnow]

will it ever end?

I read one economist saying that he believes we'll hit the bottom of this fall in the next 48 to 72 hours. That's not to mean that the market will completely crash, but that the fall will stop and stabilize.

Of course, that's just one guy's view.

[SP1!]

I read one economist saying that he believes we'll hit the bottom of this fall in the next 48 to 72 hours. That's not to mean that the market will completely crash, but that the fall will stop and stabilize.

Of course, that's just one guy's view.

I remember a couple financial guys talking about how the market was severely inflated a couple years ago on some radio show I was listening to and to get out of any stocks related to mortgages.

Its sad that people had to push for these shit loans during the short term and have fucked us in the long term.

[IMSlacker]

You know things are bad when it's a relief that the Dow was only down 128 today.

[Zorro]

Fox Business Network Cramer ad...you'd think they were an election campaign


http://www.youtube.com/watch?v=yca7nbhyMVY

[commish13]

Told ya so.

[IMSlacker]

Told ya so.

about time.

[commish13]

That's why they call me Mister 5 Days Late.

[commish13]

Well fuck a monkey's uncle.

[IMSlacker]

Up 889 points today. Looks like the economy is all fixed.

[mikeyboy]

Up 889 points today. Looks like the economy is all fixed.

yay

[Don Stugots]

i am glad that's over with.

[jauble]

Im just glad hippo doesnt talk about the economy. If he ever does start Im going to go save my place in the bread line.

[sailor]

Im just glad hippo doesnt talk about the economy. If he ever does start Im going to go save my place in the bread line.

this isn't the time for hippo's fat jokes. tsk-tsk

[Freakshow]

wow. I saw this thread and assumed the market had been 'commished' again. But it actually went up?

[jauble]

this isn't the time for hippo's fat jokes. tsk-tsk

I didnt even read it that way...duel shitty joke jinxy and fat. I fucking rock.

[King Hippos Bandaid]

I didnt even read it that way...duel shitty joke jinxy and fat. I fucking rock.

its dual jerk face, duel is what I will challenge you to, if you insult my honor again

[Recyclerz]

Dow Jones Industrials Average = 7,997 -39.7% YTD

S&P 500 Index = 806 -45% YTD

Ok markets, you've made your point - you don't always go up. We get it. Now stop going down, please?

:flush:

[Zorro]

Dow Jones Industrials Average = 7,997 -39.7% YTD

S&P 500 Index = 806 -45% YTD

Ok markets, you've made your point - you don't always go up. We get it. Now stop going down, please?

:flush:

and in all that craziness Sirius closed at .17 cents....better run to the bank everytime you get a paycheck boys

[Freakshow]

markets were 'commish' again.

[disneyspy]

markets were 'commish' again.

:lol::lol:

[commish13]

HAHA I love this thread

UP 48.74 BITCHES

[Freitag]

HAHA I love this thread

UP 48.74 BITCHES

Seriously, do you even have any money invested in market? Because unless you're shorting or constantly day trading, celebrating being up 50 AN HOUR AFTER THE OPENING BELL is very weak.

Now, it's up 200. If it still looks like that at 3PM, then you can be a little happy.

[Dougie Brootal]

it will take a 'commish' by days end, dont worry.

[paracetamol flanders]

Shit don't mean shit until February or March when all the end of the year tax and credit shoring has finally shaken down. A lot of overextended corporate fucks are about to flood the market with shares bought on credit that they will be forced to sell in order to make good. It's a weird time of the year for the market even in stable times. So there!

[SuperKarateMonkeyDeathFez]

If it still looks like that at 3PM, then you can be a little happy.

Thanks for granting permission.

[Freitag]

Thanks for granting permission.

It's not about permission. Most of the market's activity takes place between 3 and the closing bell. Just because the market is up 50 at open doesn't mean squat because the market can close down 200 with a flurry of action after 3.

As I said, unless you short or a day trader, being up 50 an hour after the bell is nothing to celebrate.

[SuperKarateMonkeyDeathFez]

Tough. I'm a LOT happy right now.

[KingGeno]

http://ichart.finance.yahoo.com/instrument/1.0/%5EDJI/chart;range=1d/image;size=239x110

:bye::bye::bye: happiness

[commish13]

Seriously, do you even have any money invested in market? Because unless you're shorting or constantly day trading, celebrating being up 50 AN HOUR AFTER THE OPENING BELL is very weak.

Now, it's up 200. If it still looks like that at 3PM, then you can be a little happy.

I'm just fucking around. Mommy's a CPA and is dealing with her dopey clients all day who don't get any of this. I understand it pretty well, actually.

[Freitag]

Market closes up 270. I will allow Commish to live for today.

[IMSlacker]

The Dow closed over 10,000 today.

Way to go, Obama!

[Serpico1103]

The Dow closed over 10,000 today.

Way to go, Obama!

He just inherited GW's post recession up swing.

[topless_mike]

what goes up comes down, what goes down comes up.
its why a circle is round.

the market is up, but lets not waste all our fireworks just yet.

i refuse to aknowledge that he had anything to do with it, but i say congrats to Pres Obama. Market upswings / recession endings / etc are always nice to have on your record while in office.

[SatCam]

hopefully the next time the market shits itself ill have more cash on hand........ ive made over 95% gains on shares i bought in march my only regret is not buying more

[IMSlacker]

He just inherited GW's post recession up swing.

I predict a Nobel Prize for Economics next year.

[Syd]

what goes up comes down, what goes down comes up.
its why a circle is round.

the market is up, but lets not waste all our fireworks just yet.

i refuse to aknowledge that he had anything to do with it, but i say congrats to Pres Obama. Market upswings / recession endings / etc are always nice to have on your record while in office.

Not that he has had a chance to yet but he'll repeal the Bush tax cuts which are an incredible step forward towards improving the middle class while going back to helping put a dent at the massive, multi-trillion dollar increase in the budget deficit that was caused by them.

[dino_electropolis]

Meh.

Election season is a few weeks away.


I wouldnt put too much "stock" into it.


A boooo.

[hanso]

The Dow closed over 10,000 today.

Way to go, Obama!

If it can stay around 10k or higher.
Along with Nasd 2 k or higher (has been awhile now).
These are good marks to have :drunk:

[zildjian361]

when it hits 1400 and EMC hits 66 let me know

[IMSlacker]

when it hits 1400 and EMC hits 66 let me know

If it goes down to 1400, I'm jumping out a window.

[WRESTLINGFAN]

Dow is up, but Jobs are still being shedded. The gasbags on CNBC who say that jobs are being cut at a slower pace sound idiotic The unemployment rate is about 17% when you factor people who have stopped looking. The official gov't report shows 9.8%

Gold is at its all time high, Oil is at $75/bbl and the dollar is weakening by the day. Inflations coming in a year or 2. Many are saying that this will be a double dip recession. This recession isnt over by a longshot

THeres a good link about how the US keeps selling its debt and that it will be unsustainable

http://www.youtube.com/watch?v=hAH6sZaBkZo

[Serpico1103]

Dow is up, but Jobs are still being shedded. The gasbags on CNBC who say that jobs are being cut at a slower pace sound idiotic The unemployment rate is about 17% when you factor people who have stopped looking. The official gov't report shows 9.8%
Gold is at its all time high, Oil is at $75/bbl and the dollar is weakening by the day. Inflations coming in a year or 2. Many are saying that this will be a double dip recession. This recession isnt over by a longshot
THeres a good link about how the US keeps selling its debt and that it will be unsustainable
http://www.youtube.com/watch?v=hAH6sZaBkZo

You are surprised that the same idiots who were saying everyday "don't sell now, or you will only lock in your losses" as the dow dropped day after day, are still idiots?

All of those shows need you to think the stock market is doing well so you watch their "investment" shows. If you bought bonds and left them alone for 30 years, would you need 8 hours of investment advice on 10 different channels every day?

[IMSlacker]

THeres a good link about how the US keeps selling its debt and that it will be unsustainable

http://www.youtube.com/watch?v=hAH6sZaBkZo

Dude seriously needs to get a better microphone. It's worse than a Snoogans tip.

Also, he conveniently forgets the fact that the government decided not to bail out Lehman Brothers to see what would happen, and what happened is that the entire economy nearly collapsed.

[WRESTLINGFAN]

He just inherited GW's post recession up swing.

It just might be a Dubya shaped recovery. Pardon the pun. The housing market is still flat on its back.





http://www.builderonline.com/economic-conditions/market-recovery-looks-like-a-w-shape.aspx

[Dude!]

I bought some call options
on Joy Global 3 weeks ago
for $3,000 and sold them today
for $8,500

dinner's on me!

[Syd]

Gold is at its all time high, Oil is at $75/bbl and the dollar is weakening by the day. Inflations coming in a year or 2. Many are saying that this will be a double dip recession. This recession isnt over by a longshot]

those last 2 things are good: oil is a rough indicator of economic growth and the dollar was experiencing some worrying amount of deflation during the recession

[epo]

Dude seriously needs to get a better microphone. It's worse than a Snoogans tip.

Also, he conveniently forgets the fact that the government decided not to bail out Lehman Brothers to see what would happen, and what happened is that the entire economy nearly collapsed.

Its Peter Schiff. Meh.

[hanso]

This recession isnt over by a longshot
National Association of Business Economics.
survey of 44 professional economists specializing in forecasting found that more than 80 percent think recession is over.
http://www.consumeraffairs.com/news04/2009/10/recession_over.html

Of course the right media outlets will continue to preach doom and gloom.
Not showing what has/will work to lift the economy.

[WRESTLINGFAN]

National Association of Business Economics.
survey of 44 professional economists specializing in forecasting found that more than 80 percent think recession is over.
http://www.consumeraffairs.com/news04/2009/10/recession_over.html

Of course the right media outlets will continue to preach doom and gloom.
Not showing what has/will work to lift the economy.

The numbers dont lie. There were stock market rallies in the 1930's but the depression was still going on

[WRESTLINGFAN]

Its Peter Schiff. Meh.

Hes got a better track record than jim cramer, plus he predicted this mess back in 2006

[Syd]

The numbers dont lie. There were stock market rallies in the 1930's but the depression was still going on

What, if anything, is similar to the Depression? Two of the major factors of the Depression are NON EXISTENT nowadays: Massive droughts and massive deflation.

I know I am going against what the people who profit from selling gold say so I must sound like a lunatic since it makes a gold bubble inevitable but you have to appreciate the fact that the recession is well since over and jobs data is totally unrelated to when a recession is considered over, especially in a service based economy that depends on consumer spending not capital growth. Job losses lag behind the start AND the finish of a recession.

[Syd]

Hes got a better track record than jim cramer, plus he predicted this mess back in 2006

You mean back when the unemployment rate began to stay in the unhealthy range? Why, what a soothsayer he is! Everyone knew a major recession was coming after one never fully occurred back in 2001 and instead the economy was buoyed by the housing market. It had been "foreseen" all the way back in 2002.

[WRESTLINGFAN]

What, if anything, is similar to the Depression? Two of the major factors of the Depression are NON EXISTENT nowadays: Massive droughts and massive deflation.

I know I am going against what the people who profit from selling gold say so I must sound like a lunatic since it makes a gold bubble inevitable but you have to appreciate the fact that the recession is well since over and jobs data is totally unrelated to when a recession is considered over, especially in a service based economy that depends on consumer spending not capital growth. Job losses lag behind the start AND the finish of a recession.

While we are in no way near the depression of the 1930s, We are no way out of this recession. Foreclosures are still skyrocketing. Housing is no way near recovery.The stock market should never be the leading indicator of the economy

[WRESTLINGFAN]

You mean back when the unemployment rate began to stay in the unhealthy range? Why, what a soothsayer he is! Everyone knew a major recession was coming after one never fully occurred back in 2001 and instead the economy was buoyed by the housing market. It had been "foreseen" all the way back in 2002.

No one ever points out that cheap money driven by the Federal reserve triggers many of these booms and busts. The Fed is trying to be elusive, In all of its years going back to 1913 it has never been audited

When Ron Paul, Barney Frank and Bernie Sanders agree that there should be an audit you know this is serious

[Syd]

It won't be audited because most of the Maiden Lane stuff was highly questionable as to whether or not that was even remotely legal. Furthermore, people are asking for the audit because it is politically convenient to doing so: the reality is it won't ever be audited because it will certainly end up in the SCOTUS and no one wants to see how they're going to rule, especially with most justices looking at government as more of a republic in regards to commerce. They already upheld a more shakey example of central authority with the eminent domain ruling, how do you think they're going to rule with a more clear-cut case?

While we are in no way near the depression of the 1930s, We are no way out of this recession. Foreclosures are still skyrocketing. Housing is no way near recovery.The stock market should never be the leading indicator of the economy

Foreclosures/housing were a major bubble and it will be a long, long time before they're normalized. The economy is already out of the recession, period. The stock market isn't a leading indicator of the economy, merely a partial look at the situation. Given that indicators are in place: slowing unemployment, rising/steadying price indices and last but not least overall financial forecasts for companies. All are looking optimistic -- unemployment will continue to be bad on in till next year without any real employment improvements till February.

However, given the nature of America and its lack of durable goods production a great many deal of jobs are permanently lost so the sort of growth you see will be likely limited. We no longer create wealth, we redistribute it slowly towards the top. 70% of America, the entirety of the service industry, basically delivers pizzas to each other.

[WRESTLINGFAN]

It won't be audited because most of the Maiden Lane stuff was highly questionable as to whether or not that was even remotely legal. Furthermore, people are asking for the audit because it is politically convenient to doing so: the reality is it won't ever be audited because it will certainly end up in the SCOTUS and no one wants to see how they're going to rule, especially with most justices looking at government as more of a republic in regards to commerce. They already upheld a more shakey example of central authority with the eminent domain ruling, how do you think they're going to rule with a more clear-cut case?



Foreclosures/housing were a major bubble and it will be a long, long time before they're normalized. The economy is already out of the recession, period. The stock market isn't a leading indicator of the economy, merely a partial look at the situation. Given that indicators are in place: slowing unemployment, rising/steadying price indices and last but not least overall financial forecasts for companies. All are looking optimistic -- unemployment will continue to be bad on in till next year without any real employment improvements till February.

However, given the nature of America and its lack of durable goods production a great many deal of jobs are permanently lost so the sort of growth you see will be likely limited. We no longer create wealth, we redistribute it slowly towards the top. 70% of America, the entirety of the service industry, basically delivers pizzas to each other.

Youre right, this country manufactures nothing, we are a consumption serviced based economy. When 70% of an economy is based in spending how much longer can it sustain itself?

Those manufacturing jobs are gone for good, Detroit and many cities in the rust belt are perfect examples of that

[Syd]

Forever, so long as there is a country that produces consumer goods at relatively low cost.

[Syd]

However, China has <50 years till they run out of clean drinking water for its population and it is the last country left to be exploited.

So, not much longer.

[TheMojoPin]

No one ever points out that cheap money driven by the Federal reserve triggers many of these booms and busts. The Fed is trying to be elusive, In all of its years going back to 1913 it has never been audited

When Ron Paul, Barney Frank and Bernie Sanders agree that there should be an audit you know this is serious

Why would you drop Ron Paul's name in there like he isn't insane and only wants to audit the Fed as a precursor to destroying it altogether?

[WRESTLINGFAN]

Why would you drop Ron Paul's name in there like he isn't insane and only wants to audit the Fed as a precursor to destroying it altogether?

Ron Paul wants to end the fed all together, He just wrote a book on that I also put Sanders and Franks name in there as well, while they never stated they wanted to end the fed, they are for audits. Heres a clip of Alan Grayson grilling Bernanke

http://www.youtube.com/watch?v=2_VCy0lMU1g


We do need a central Bank but there needs to be accountability

[TheMojoPin]

Ron Paul wants to end the fed all together, He just wrote a book on that I also put Sanders and Franks name in there as well, while they never stated they wanted to end the fed, they are for audits. Heres a clip of Alan Grayson grilling Bernanke

http://www.youtube.com/watch?v=2_VCy0lMU1g


We do need a central Bank but there needs to be accountability

My point is you should have left Ron Paul out of there because he wants to do it for crazy reasons.

An audit of the Fed makes sense, but not in the context that Paul wants it.

[hanso]

Foreclosures are still skyrocketing.

Read the money section in the paper today.
Mine had the Foreclosures down from Sept. to Nov. for my area.
By around 60% I think it was. I could not find the section to confirm it.
But when I read it today that's what I thought the numbers were.

[WRESTLINGFAN]

In the country as a whole, The rate went up for Q3

http://www.marketwatch.com/story/us-foreclosure-filings-up-in-3rd-quarter-2009-10-15?siteid=rss&rss=1

[boosterp]

My point is you should have left Ron Paul out of there because he wants to do it for crazy reasons.

An audit of the Fed makes sense, but not in the context that Paul wants it.

Crazy reasons? Sounds logical.

[WRESTLINGFAN]

Dow's down triple digits on GE's and BofA's earnings. The banks are still insolvent after 700 billion dollars was thrown at them with no accountability


http://finance.yahoo.com/news/Bank-of-America-GE-results-apf-1024461756.html?x=0&sec=topStories&pos=main&asset=&ccode=:thumbdown:

[IMSlacker]

You must be a ball at parties.

[WRESTLINGFAN]

You must be a ball at parties.

I work in Finance so I rarely ever talk shop at parties. Im a pessimist when it comes to the economy, Dow 10,000 everyone was jumping for joy, Earnings are coming in and while Goldman and JPMorgan resulted in great earnings, other companies are still showing red.

Back to Goldman they are basically the Yankees of Wall St so they will always report huge profits. JP Morgan shedded about 30% of its workforce so if expenses are down earnings look better

[IMSlacker]

I work in Finance so I rarely ever talk shop at parties. Im a pessimist when it comes to the economy, Dow 10,000 everyone was jumping for joy, Earnings are coming in and while Goldman and JPMorgan resulted in great earnings, other companies are still showing red.

Back to Goldman they are basically the Yankees of Wall St so they will always report huge profits. JP Morgan shedded about 30% of its workforce so if expenses are down earnings look better

Well, today's Dow loss is back to double digits, so the party's back on. Wooooo!

[IMSlacker]

We're back over 10,000.

















...and the pants are off.

[WRESTLINGFAN]

We're back over 10,000.

















...and the pants are off.



The party is back on. Its at 85 Broad St Lower Manhattan


http://finance.yahoo.com/career-work/article/107974/bonuses-put-goldman-in-public-relations-bind?mod=career-salary_negotiation

[WRESTLINGFAN]

Im a pessimist, I dont think it will get like this


http://edition.cnn.com/2009/WORLD/africa/01/16/zimbawe.currency/index.html

[Freitag]

Im a pessimist, I dont think it will get like this


http://edition.cnn.com/2009/WORLD/africa/01/16/zimbawe.currency/index.html

(glenn beck mode ON)

"Oh, that's just GREAT! We can put Obama's face on our version!

(glenn beck mode off)

[topless_mike]

i miss the commish

[WRESTLINGFAN]

(glenn beck mode ON)

"Oh, that's just GREAT! We can put Obama's face on our version!

(glenn beck mode off)


Beck will say that the dollar will be replaced by the Dinar because after all He's a Muslim

[badmonkey]

Quit criticizing President Obama. At the rate he's going, I'll be a millionaire by 2010 and possibly a billionaire by 2012. Fuck Bush! Obama all the way!

[WRESTLINGFAN]

Quit criticizing President Obama. At the rate he's going, I'll be a millionaire by 2010 and possibly a billionaire by 2012. Fuck Bush! Obama all the way!

Cant wait to pay $ 80 for a candy bar

[hanso]

Read the money section in the paper today.
Mine had the Foreclosures down from Sept. to Nov. for my area.
By around 60% I think it was. I could not find the section to confirm it.
But when I read it today that's what I thought the numbers were.
It was 36 %

[WRESTLINGFAN]

Whoever thinks this recession is over is just a clueless dope. Numbers dont lie


http://www.marketwatch.com/story/us-jobless-claims-up-after-two-straight-declines-2009-10-22?siteid=bnbh

[Syd]

A) unemployment lags behind GDP growth coming out of a recession
B) there were likely a permanent loss in jobs for the majority of states in America

[IMSlacker]

Jobs schmobs.

<a href="http://s148.photobucket.com/albums/s25/IMSlacker/?action=view&current=dow.jpg" target="_blank"><img src="http://i148.photobucket.com/albums/s25/IMSlacker/dow.jpg" border="0" alt="Photobucket"></a>

[thepaulo]

who fucking cares? Burn your money.

[epo]

who fucking cares? Burn your money.

Just give me your money. You'll feel better when you do.

[WRESTLINGFAN]

Dont open the bubbly yet

http://finance.yahoo.com/q?s=^DJI

[WRESTLINGFAN]

Unemployment likely to remain high. This stimulus was one of the biggest wastes of legislation ever


http://news.yahoo.com/s/afp/20091110/ts_alt_afp/useconomyunemploymentbank_20091110162640

[IMSlacker]

Unemployment likely to remain high. This stimulus was one of the biggest wastes of legislation ever


http://news.yahoo.com/s/afp/20091110/ts_alt_afp/useconomyunemploymentbank_20091110162640

Just out of curiosity, what would the unemployment rate be right now without the stimulus and TARP?

[WRESTLINGFAN]

Just out of curiosity, what would the unemployment rate be right now without the stimulus and TARP?

Banks are tightening their credit standards, TARP was supposed to provide more liquidity. If the government would have stayed out of this and allow certain businesses to fail it would have been better off. Ford is being punished for the sins of GM and Chrysler

As far as the stimulus unemployment would not be 30-40%. The reason why the stock market is having its latest run which will be another bubble is that the dollar is in a freefall. The Dow can go to 20K and it wont help. As long as the real estate mkt is flat on its backthats the main factor as peoples homes are their biggest investment for the most part.

You havent seen nothing yet. Wait till the commercial real estate mkt collapses

[Syd]

Banks are tightening their credit standards, TARP was supposed to provide more liquidity. If the government would have stayed out of this and allow certain businesses to fail it would have been better off. Ford is being punished for the sins of GM and Chrysler

When the government stayed out, it created the chain reaction that plunged us into a severe recession. Bear Sterns falling is the exact pinpoint of when the recession happened. I'm not defending TARP or corporate welfare, just saying that in this case it worked. Or, would have worked.

As far as the stimulus unemployment would not be 30-40%. The reason why the stock market is having its latest run which will be another bubble is that the dollar is in a freefall. The Dow can go to 20K and it wont help. As long as the real estate mkt is flat on its backthats the main factor as peoples homes are their biggest investment for the most part.

Sans stimulus I don't think it would be ridiculous to think the unemployment rate would be 11-12% right now. Some states would still be doing fine -- the government subsidized states like Maryland, Texas and others. States that demand spending -- Nevada, Florida and others would be looking at unemployment similar to what Michigan is experiencing now.

I disagree with some of your last point -- the dollar is in free fall as people move out of cash and into stocks. There's a floor on it that we will reach again, but until then it's looking pretty bad as people move on to greener growth pastures.

You're dead on the spot with the real estate though -- people aren't particularly intelligent and use houses as investments. Until the real estate market is somewhat "ok" we won't see unemployment dip below 8%, maybe even 9%.

You havent seen nothing yet. Wait till the commercial real estate mkt collapses

We've come and gone past that point, for a national collapse at least. August was supposed to be the do or die point for commercial real estate but it was generally limited to companies pulling out of low-GSP states and ruined suburbs of states like Nevada, Florida and Georgia.

[WRESTLINGFAN]

Heres an explanation why this rally is nothing but a bubble. Its because of cheap money and our dollar turning to shit




http://www.youtube.com/user/schiffreport?blend=1&ob=4#p/a/u/0/90m6qCVGbkE

[TheMojoPin]

Does this guy want to go back to the gold standard like Riz-on Paul?

[WRESTLINGFAN]

Ron Pizzaul sounds more gangsta. he was on his economic team during the 08 election season, so I would say yes

[Syd]

Ron Paul is just another christofascist, he just does a better job of cloaking that to all of his WoW playing fans

[epo]

Heres an explanation why this rally is nothing but a bubble. Its because of cheap money and our dollar turning to shit

http://www.youtube.com/user/schiffreport?blend=1&ob=4#p/a/u/0/90m6qCVGbkE

Let me guess...more Peter Schiff?

[WRESTLINGFAN]

Let me guess...more Peter Schiff?

Yes sir

Heres an interesting article in that our national debt can be 100% of GDP. Our GDP is about 14 trillion and the debt may reach that in the next couple of years. Its already at 12 +

http://www.cbsnews.com/blogs/2009/11/17/politics/politicalhotsheet/entry5686644.shtml

[epo]

Yes sir

Heres an interesting article in that our national debt can be 100% of GDP. Our GDP is about 14 trillion and the debt may reach that in the next couple of years. Its already at 12 +

http://www.cbsnews.com/blogs/2009/11/17/politics/politicalhotsheet/entry5686644.shtml

You do realize that one of the steps needed to fix this problem is to let the Bush taxes expire.

[TheMojoPin]

Ron Pizzaul sounds more gangsta. he was on his economic team during the 08 election season, so I would say yes

So he's the guy behind the mantras of massive deregulation and going back on the gold standard and dismantling the Fed? Pass.

[WRESTLINGFAN]

You do realize that one of the steps needed to fix this problem is to let the Bush taxes expire.

Yes that was another trillion dollar debacle, especially during wartime They expire in '10 if im correct, However it looks like its not even counting the unfunded liabilities

[WRESTLINGFAN]

So he's the guy behind the mantras of massive deregulation and going back on the gold standard and dismnatling the Fed? Pass.

I dont completely on dismantling the fed but there needs to be at least an audit, a bill that has progressives in favor of. Alan Grayson gave Bernanke a good grilling a few months ago

Thom Hartmann said it best the fed is neither Federal or has any reserves

[TheMojoPin]

I dont completely on dismantling the fed but there needs to be at least an audit, a bill that has progressives in favor of. Alan Grayson gave Bernanke a good grilling a few months ago

Thom Hartmann said it best the fed is neither Federal or has any reserves

An audit makes sense, but auditing as a step to getting rid of it, as Paul and co. are pushing for, is absurd.

[WRESTLINGFAN]

Bernie Sanders, someone who I disagree with almost everything has it right. Time to break up a lot of these too big to fail one stop financial centers like Citi and BofA. Fuck the big banks. I have my checking and savings accts with a credit union

[Syd]

Too late for that. After the Glass-Steagall Act was repealed, banks have become too powerful to deal with through a democratic government. With the ability of "minor" players in the field like health insurance companies to combat legislation guess how long till the sea of middle aged whites are marching on Washington to prevent banking reform?

This is why you don't give up the power of society to private businesses. They've already crossed the proverbial Rubicon and there's a fat chance of asking them politely to leave because there's sure as shit no chance of Glass-Steagall coming back and reasonable controls being put on banks again.

[TheMojoPin]

Bernie Sanders, someone who I disagree with almost everything has it right. Time to break up a lot of these too big to fail one stop financial centers like Citi and BofA. Fuck the big banks. I have my checking and savings accts with a credit union

I'm confused, because this flies in the face of a cornerstone of Schiff's ideas: more deregulation.

[WRESTLINGFAN]

I'm confused, because this flies in the face of a cornerstone of Schiff's ideas: more deregulation.

I think what hes saying is that enough of the bailouts and let companies fail or go thru bankruptcy, as far as new regulations, the gov't should simply enforce the laws on the books, not create layers of new regulations

[TheMojoPin]

I think what hes saying is that enough of the bailouts and let companies fail or go thru bankruptcy, as far as new regulations, the gov't should simply enforce the laws on the books, not create layers of new regulations

That's not all that he's saying. In just the half hour or so I took to listen and read up to the guy he made it very clear that he is in favor of deregulation that would give Reagan pause. In part, yes, that's with the idea that whoever fails is allowed to fail, but the larger idea is that he effectively wants to let the economic sector do almost anything it wants. His economic theories are way too laissez-faire for my liking.

[WRESTLINGFAN]

Well they had to revise the GDP from 3.5% to 2.8%, Since most of it was Government spending and very little investment or expansion of business its more of a shellgame. Dollar keeps getting weaker and commodoties are going thru the roof

http://www.thestreet.com/story/10631876/1/gdp-rise-revised-down-to-28.html?puc=_tscrss

[IMSlacker]

n/m. I've said that before.

[epo]

January 20, 2009 - Dow at 8279
Today - Dow at 10397

That's a 25% gain in under a year. That Obama is ruining everything.

[WRESTLINGFAN]

Nobody is doubting that it has gone up since the bottom which was about 6500 in March

Since March when it Bottomed at around 6500, Look how much weaker the dollar got. Gold keeps going up because of this. The stock market isnt a leading indicator of the entire economy.

Housing is still weak, unemployment is hugh, theres a mountain of debt and its not getting any smaller

[IMSlacker]

Nobody is doubting that it has gone up since the bottom which was about 6500 in March

Since March when it Bottomed at around 6500, Look how much weaker the dollar got. Gold keeps going up because of this. The stock market isnt a leading indicator of the entire economy.

Housing is still weak, unemployment is hugh, theres a mountain of debt and its not getting any smaller

You gotta turn that frown upside down, WRESTLINGFAN. We're never going to get consumer confidence up with that kind of attitude.

[Zorro]

January 20, 2009 - Dow at 8279
Today - Dow at 10397

That's a 25% gain in under a day. That Obama is ruining everything.

I thought the Obama administration does not look at the Stock Market?

[IMSlacker]

I thought the Obama administration does not look at the Stock Market?

As far as I know, epo isn't a member of the Obama administration.

Also, I haven't seen any quotes from the Obama administration taking credit for the performance of the stock market.

[Bob Impact]

January 20, 2009 - Dow at 8279
Today - Dow at 10397

That's a 25% gain in under a year. That Obama is ruining everything.

January Unemployment Rate - 7.6%
October Unemployment Rate - 10.2%

[Syd]

I think what hes saying is that enough of the bailouts and let companies fail or go thru bankruptcy, as far as new regulations, the gov't should simply enforce the laws on the books, not create layers of new regulations

The repeal of Glass-Steagal and additional oversight into derivatives are imperative for any sort of lasting stability. Until then, "banks" will continue having their pretend money from derivatives suddenly becoming real money and causing all sorts of shitstorms. There will come a time soon enough that money can no longer be infinitely leveraged and banks will be looking to have the public pay their debt.

[WRESTLINGFAN]

You gotta turn that frown upside down, WRESTLINGFAN. We're never going to get consumer confidence up with that kind of attitude.

Call me a Debbie Downer but I am not optimistic at all for the long term

[badmonkey]

There will come a time soon enough that money can no longer be infinitely leveraged and banks will be looking to have the public pay their debt.

You've got to start reading some more up to date news sites.

[Serpico1103]

I think after a disappointing holiday season and the effects of government assistance programs has worn off, we will start another decline. I do not think more "assistance" programs will be the answer, if they are possible.

[Recyclerz]

You've got to start reading some more up to date news sites.

I don't agree with Badmonkey on much, but that is an amusing riposte right there.


It's my belief that some of the stock market's comeback was a normal snap back from panic selling but a significant part of it is fueled by the free money that the federales flooded the system with to keep the world's financial systems from burning to the ground. That liquidity has to be mopped up eventually to keep inflation from getting a foothold, hopefully after private (& global) demand has been brought back from the dead.

[Syd]

You've got to start reading some more up to date news sites.

Not this stuff, this is minor aftershocks. When the next investment is pushed to the brink and off the cliff, we're going to be on the hook for a hundreds and hundreds of billions.

[Syd]

I don't agree with Badmonkey on much, but that is an amusing riposte right there.


It's my belief that some of the stock market's comeback was a normal snap back from panic selling but a significant part of it is fueled by the free money that the federales flooded the system with to keep the world's financial systems from burning to the ground. That liquidity has to be mopped up eventually to keep inflation from getting a foothold, hopefully after private (& global) demand has been brought back from the dead.

I think we're still on a decent track. The dollar is finally going back to a reasonable level as the market is picking up. I don't think they'll be able to raise interest rates for quite some time but I'm hoping by the end of next year it'll be a consideration. With commodities finally picking up we're seeing that corpse rise from the dead as well. If the dollar loses enough of its value and America is a decent look for high quality raw materials such as steel, we could make out like bandits. With as much shit China is getting people are re-thinking lowest cost no matter what.

[WRESTLINGFAN]

Dow Futures are down over 200 pts. Nasdaq and S&P are also down huge, Dubai World is having trouble repaying its debts. Today is a shortened day on Wall St. Mkts close at 1pm

This does show another point that the global economy is interconnected


http://www.marketwatch.com/story/us-stock-futures-deep-in-the-red-on-dubai-news-2009-11-27

[Syd]

It'll rebound. This is a lot of panic selling -- nothing new has happened. Everyone knew a place built on slave labor and the "free market" was going to fail. The only thing up in the air is if the Burj Dubai will actually be a Tower of Babel.

[Snoogans]

Dow Futures are down over 200 pts. Nasdaq and S&P are also down huge, Dubai World is having trouble repaying its debts. Today is a shortened day on Wall St. Mkts close at 1pm

This does show another point that the global economy is interconnected


http://www.marketwatch.com/story/us-stock-futures-deep-in-the-red-on-dubai-news-2009-11-27

i would think it would also probably have to do with alot of american companies involved in businesses and resorts there, things like that, who are also set to lose alot of money

[Freitag]

I blame Greece for this.

[Syd]

Balkans: ruining it for the rest of the world since 1914

[JPMNICK]

I blame Greece for this.

i am waiting for the place by my house to have 1/2 priced Gyro's

[Freitag]

i am waiting for the place by my house to have 1/2 priced Gyro's

you like'a da juice

[Recyclerz]

you like'a da juice


Everybody blames da juice when the financial shit hits the fan. :(

[foodcourtdruide]

I blame Obama for the way he's been running Greece.

Also, everytime I read the news I get hungry.

[StanUpshaw]

Hey Earl, we got any Spanish turkey grease?

[Freitag]

With a 400 pt upswing in less than 4 hours, some day trader probably went to bed a lot richer than when he woke up today.

[Suspect Chin]

With a 400 pt upswing in less than 4 hours, some day trader probably went to bed a lot richer than when he woke up today.

Unless he was the same guy who lost 998 pts earlier in the day.

[Freitag]

Unless he was the same guy who lost 998 pts earlier in the day.

When the market swings that wildly, there's a bunch of bottom feeders who jump in, buy low. That's what sent it back up 400 after it dropped 1000.

[Suspect Chin]

When the market swings that wildly, there's a bunch of bottom feeders who jump in, buy low. That's what sent it back up 400 after it dropped 1000.

So the bottom feeders are the ones that buy low and sell high? I'll let Jim Cramer know.

[WRESTLINGFAN]

I blame Greece for this.

BOYCOTT ALL DINERS IN THE TRI STATE AREA!!!!!

[MetalChild]

BOYCOTT ALL DINERS IN THE TRI STATE AREA!!!!!

It's funny cause it's true.:clap:

[Freitag]

So the bottom feeders are the ones that buy low and sell high? I'll let Jim Cramer know.

The idea is that it's opportunitists. Not so much "bottom feeders".

Speaking of which, it all appears that someone screwed up, and Proctor and Gamble is the smoking gun:

http://www.reuters.com/article/idUSTRE6455ZG20100506

[MetalChild]

The idea is that it's opportunitists. Not so much "bottom feeders".

Speaking of which, it all appears that someone screwed up, and Proctor and Gamble is the smoking gun:

http://www.reuters.com/article/idUSTRE6455ZG20100506

Could you imagine someone exploiting this weakness and messing with the global economy. All it took was just someone writing to make a billion trades instead of a million. It is frightening to think about how fragile our economy is.

[StanUpshaw]

Could you imagine someone exploiting this weakness and messing with the global economy. All it took was just someone writing to make a billion trades instead of a million. It is frightening to think about how fragile our economy is.

In your scenario, certain investors would get fucked over because they'd end up selling shares that haven't actually decreased in value. But once people realize that there is a bargain to be had, other traders will jump right back in. It would possibly shift money, but it wouldn't really lose money.

[MetalChild]

In your scenario, certain investors would get fucked over because they'd end up selling shares that haven't actually decreased in value. But once people realize that there is a bargain to be had, other traders will jump right back in. It would possibly shift money, but it wouldn't really lose money.

Thanks for the clarification.

[Syd]

Could you imagine someone exploiting this weakness and messing with the global economy. All it took was just someone writing to make a billion trades instead of a million. It is frightening to think about how fragile our economy is.

It's too complex of a system to intentionally crash -- there are just as many triggers for mass buys are there are mass sells. It'd be like what happened today with a massive drop then a massive uptick.