|
| Pages: 1 .. 12 13 14 15 16 .. 19 |
Aerology
Beginner
Posts: 33
Registered: 5/28/2008
Location: North Central Kansas
Member Is Offline
Points: 330
|
What me worry?
I have 158 acres of good garden soil, a creek runs thru it, three bedroom 110 year old farm house, some out buildings, back up 4KW gas generator, all paid for, no long term debt or stock investments....
If there is some nice lady out there that needs a nice place to stay, hit me up....Bring own hoe, rake, garden fork, and shovel,(an assortment of herb seeds might be nice too).
I have a good supply of corn, squash, carrots, pumpkin, parsnip, seeds, and sweet potatoes.
Seven horses, one dog and over two dozen cats.....Quail, pheasants, Wild turkeys, and deer live here by choice, and more will come if able. |
|
|
DanG
Administrator
      
Posts: 4879
Registered: 6/30/2004
Location: SW FL
Member Is Offline
Points: 100936
Mood: Stunned Amazement
|
wow
You should be just fine.
|
|
|
ghoster
Beginner
Posts: 39
Registered: 6/18/2007
Member Is Offline
Points: 390
|
Here is my take; You are right on all three, or almost right on two of them and the third is close enough for government work. I have my own ideas about the future and what is in store for humanity and this world, but if I post them it would either go over the head of most, or I would be the nut case. So I am going to go with my plan of doing it for myself and planning for the absolute worst that I can think of, making me a real off the wall character, unless I am correct. This isn't based on some religious or spiritual crap, it is real science and physics. The economy is just an extra bit of harassment as I see it. I don't own stocks and I don't have much in the way of real wealth, so I am not bothered with preserving any of that.
If I am correct the slow decline of our lifestyle will continue similar to the boiling water and frog scenario. You are correct in your assessment of most folks not paying attention to things until it is too late. Lots of history shows that the majority don't pay attention until the absolute last moment and then it is too late. Take Pompeii for instance as just one of many circumstances where the folks didn't pay attention to the rumbling and quakes. Nope, I figure the times are a changing and we are going to have to be aware of all the changes going on to make sense of them in time. A myriad of sources are showing data that indicates great changes are upon us, and sooner than most think.
Denial is rampant and I don't even try to convince anyone of my ideas, let them come to those conclusions by themselves, if it isn't true then I haven't lost much. If it is then I am ahead of the game either way it is an exercise in which I am well qualified to speak. At my age (65) I should be in a rocking chair on my porch enjoying the latter part of an amazing life, but nope, I am embarking on a new project; one I like to call "saving my butt". I don't want anyone to follow me or commiserate with me, just pay attention and figure it out for yourself if you come to the same conclusion that I do then you will take the same course, if not? Well, hell crack another beer watch some more Nascar and or NFL or whatever mind numbing activity they have planned for you, it won't matter in a few.
Some have that strange feeling in the back of their minds that something isn't right, a new force is becoming dominant, and they might get it. Like was said here before things feel a half a bubble off, more right than you know. All I will say is that now is the time to plan and start to execute your concept of survival, and let your mind expand to all possibilities they might actually surprise you.
As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron."
- H.L. Mencken |
|
|
Indy
Super Administrator
       
Posts: 3542
Registered: 6/24/2004
Member Is Offline
Points: 67225
Mood: Resident Skeptic
|
The printing press was hard at work again printing more fake wealth.
| Quote From Source: |
The Federal Reserve has auctioned another $75 billion in loans to squeezed banks to help them overcome credit problems and announced it will provide a fresh batch of the loans this month.
| | Click source url to view entire story. |
Source URL: money.cnn.com
I guess there is just no way this administration can keep its nose out of things and allow businesses to be held accountable for their bad operating practices.
"Well either way that sure is purdy. If it is global warming then at least the view will be nice before we die." - Fatalwishes |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
Ghoster I am all in cash except for about 4 grand which is a pretty small amount.
I for one would be interested in your nuttiness. I've been spewing shit here for years and if anybody is thought of as a nut its me so I doubt seriously you could top some of the stuff I have said over the years.
Personally I think this entire planet needs to reboot. We are a nation of fools. We pay some asshole millions of dollars to run a ball up and down a field, yet the teacher he sends his kids too can barely put gas in their car.
We worship rock stars and spend billions on music yet most people won't donate to animal shelters or the pound.
We will buy an IPOD but not not sponsor a starving child.
We are a society of greed and corruption. I am JUST as guilty as anybody and have looked out for myself and family as best as I could. I do not support sports though nor do I spend money on music or Ipods.
I do donate when I can to animal shelters. I try to conserver fuel and recycle all my stuff at home and at work. (I have to bring the stuff home to recycle it)
We have turned life into a game of have and have nots. Many are born into it and you seen them on TV all the time. Spoiled and worthless. Bored....
We celebrate youth and beauty and Britney Spears. We are ignoring the male population to elevate beauty as the say all of society.
If you are rich and beautiful you have it all. Anything else you have to work harder to get there. If its hopeless you become the janitor because society won't let you go further.
Its all about talent. Can you sing? Can you dance? Who gives a fuck in the real world.
People better know how to build shelters and plant crops and hunt or they are going to fucking die. And ya know..I won't feel sorry for them. As long as their rotting corpses aren't fucking up my water supply, I'm good.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
I think we can ALL thank GM today for not losing as much of their ass in June as people originally thought they would.
GM is only worth 1/2 of what Avon is now..but at least GM added another billion in market capitol today.
If things were as bad as they thought in the auto industry...things would have seriously tanked today. GM has quite a few small cars though. Next month..who knows what will happen. Right now, we have to just survive the rest of this week.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
| Quoting Indy - posted on 7/1/2008 at 14:52 |
I guess there is just no way this administration can keep its nose out of things and allow businesses to be held accountable for their bad operating practices.
|
I'll tell you what is funny. They expect a strapped and broke middle class to pay for this shit. Ain't gonna happen. You can't get blood out of a turnip.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
GM Bankruptcy `Not Impossible,' Merrill Analyst Says
| Quote From Source: | July 2 (Bloomberg) -- General Motors Corp., battered by the slowest U.S. sales market in 15 years, faces the possibility of bankruptcy and may need to raise as much as $15 billion, a Merrill Lynch & Co. analyst said.
The ''dramatic drop-off'' in sales probably will continue through 2009, forcing GM to find additional funding, analyst John Murphy, who cut the Detroit-based automaker's shares to ''underperform'' from ''buy,'' said in a report. ''Bankruptcy is not impossible if the market continues to deteriorate.''
GM fell $1.23, or 10 percent, to $10.52 at 11:54 a.m. in New York Stock Exchange composite trading. The shares have declined 72 percent in the past 12 months, the biggest drop among the 30 companies in the Dow Jones Industrial Average.
| | Click source url to view entire story. |
Source Bloomberg
Source URL:
www.bloomberg.com
How sad, just yesterday things looked so good. Today...well they lost all their gains they made yesterday.
Have you Driven a Ford Lately?
The UAW has helped ruin the car companies here. They should go bankrupt and restructure and come back without the unions.
I would love to buy an American car again. But until they can affod to build quality into their vehicles, its pointless. When you HAVE to pay some a-hole 21.00 an hour to put lug nuts on with a machine, you are going to fail. Plus pay all of their medical and retirement??? These people go too lazy because of the Unions protecting them. They are over paid and under worked. I said last year the days of buying 50k SUV's and Trucks are OVER. They topped out just like houses. There are only so many people that can handle buying those things.
Now they are not worth anything. They will give me less than 10k for a truck I paid 34k for that has less than 39k miles on it, a lift kit, crew cab, 4x4, yet they want me to pay 30k again for the same tuck 4 years newer they say has a sticker price of 40k now and they knocked 10k off of it?
WTF??? Sell me that same truck for 1/2 what you think its worth because you are only willing to give me 1/2 of what I think my truck is worth. Simple economics, its only worth what somebody is willing to pay for it.
Guess what??? All the lots of full of 2008's they cannot sell. Pretty soon the companies will go under. Then what? Send all that product to Saudi Arabia where gas is .90 cents a gallon??
I would buy but I'm not going to get fucked in the ass again by paying too much up front. My damn truck is worth more in scrap metal than it is as a vehicle.
Geez, under 10.00 a share for GM
EPS -74.28
finance.yahoo.com
I really don't see how they are going to survive this. I bet they get bought out by foreign investors as well. Talk about a distribution of wealth. It is no longer our turn.
FOOK MI!!
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
The Bottom was called by all the major news agencies on;
Sunday March 23, 2008
The Current US Market Levels were;
Dow 12,361.32
NASDAQ 2,258.11
S&P 500 1,329.51
They are now on July 9, 2008...selling into the close..not good.
The DOW is 1,215.51 points below now. The NASDAQ after today, is 23.22 below, and the S&P is 84.85 points lower.
Dow 11,145.81
NASDAQ 2,234.89
S&P 500 1,244.66
Gold is now 946.50
Oil is now 143.46
This market is now revolving around oil. As long as it goes up, so will gold and down goes your 401ks and IRA's.
Some body asked me "Why do you keep pointing this out about how far below the bottom we are?"
Because the experts told everybody to get back in. All the TV shows like MSNBC, Bloomberg, CSPAN, blah blah.
These experts all predicted the bottom. There is a lesson to be learned. They don't know. I mean that. Nobody knows. You will lose money faster by listening to experts than by doing nothing at all. If you had done the EXACT opposite of everything Jim Cramer has said to do, you would be retired right now and living well.
The market is a system of emotion. And you can actually treat it like the government. It never makes sense. Nor is it in your best interest. Nor does it care about you and your stock.
It is a machine and NOBODY can predict it. I say the same thing about the weather. I have been saying it for years. If the planet is truly 4.5 billion years old, a 60 year sample is so fucking stupid for predictions its like trying to predict what would happen to a single grain of sand on the entire east coast of beaches.
They have for three years in a row said "Major hurricanes" So far we have had shit. The experts of the same class have said " We have hit bottom in the market" If you got back in on their advice you have lost your ass.
These people are fucking retards. All of them. It is really hard to find somebody that knows wtf they are doing, or talking about these days.
Want to know why a lot of these banks and companies are failing? They ditched the experienced people and replaced them with young good looking college kids.
I'll take somebody with 10 years experience over anybody with a PHD, Doctorates, MS, BS, .....doesn't matter.
You cannot replace experience. Also this new generation is about getting it all now. Go in, make your money and get out and do what you want. Even my company is like that. Degrees earn you more even if you are fucking retarded. You don't have to know shit, just have to have a degree. We are in trouble too me thinks.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
Since I am NOT an expert nor do I even claim to know WTF I am talking about I will say this;
If you have ANY MONEY AT ALL, BUY GOLD.
I hate telling people stuff and being wrong in the future, but I am really confident on this one.
BUY GOLD!!! Not jewelry either. It takes a while to get 14k gold to investment grade.
Buy stocks like
Newmont Mining (NEM), Placer Dome (PDG), Barrick Gold (ABX) and AngloGold Ashanti (AU).
Or trade Gold Shares (GLD) (This is the one I'm doing plus buying a few gold coins here and there when I get extra money)
finance.yahoo.com
Or just buy gold coins. They are pure currency in any country and work anywhere. They are automatically exchanged, its truly the best currency to carry in a depression.
www.usmint.gov
You should buy silver too. I think its way undervalued and too much attention has been spent on gold, copper, and platinum.
Silver is much cheaper at this point.
It is not like buying gold though and you shouldn't buy the coins.
How to Buy Silver, & Avoid Getting Scammed
news.silverseek.com
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
Here is a good article to explain to n00bs about inflation and deflation
www.minyanville.com
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
MountainManMike
Elite Member

Posts: 752
Registered: 11/7/2007
Location: Durango, CO
Member Is Offline
Points: 13830
Mood: always tired
|
who made the gold and silver call 6 months ago? o yeah, i did, lol.
check out:
www.mcalvany.com |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
GM mulling thousands of job cuts, sale of brands: report
| Quote From Source: | Reuters) - General Motors Corp (NYSE:GM - News) is planning to cut thousands of white-collar jobs and is considering whether it should sell or stop production of more of its brands, The Wall Street Journal said, citing people familiar with the matter.
Both moves are part of a broader re-evaluation of the company's strategy and of its ability to meet an internal projection of returning to profitability in 2010, the people told the paper.
The job cuts are likely to be approved when GM's board of directors meets in early August, the people said. The reductions would be in addition to earlier announced cuts.
| | Click source url to view entire story. |
Source Yahoo Biz
Source URL:
biz.yahoo.com
Sounds like Saab, Buick, and Saturn may be on the chopping block.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
ghoster
Beginner
Posts: 39
Registered: 6/18/2007
Member Is Offline
Points: 390
|
Pretty much everything in on the block. Corporations have screwed themselves and cannot figure anyway out of it, pricing will fall, it has to. People with jobs are not looking at buying anytime soon. The problem with stagnant wages and ever increasing expenses is that sooner or later the slack runs out. Folks these days just don't have that extra bit to buy anything with and are worried about the future.
This so called recession is set to morph into a full fledged depression then into a full fledged rout. There are no fall back positions on the economy, daily we see another magic fix that turns out to fall flat on it's face or a new iceberg in the future that will sink this economy. Just wait until the idjit in the white house decides to pull the trigger on Iran to save his legacy and watch what happens then. Better have your act together for the aftermath of that one.
I don't see a good outcome of any of these shananigans for the US. Or the world for that matter, Europe is going down too, carried by Spain, Italy, Ireland, and probably Germany too. Lots of folks are just doing the "deer in the headlights" routine and have no idea what to do next. Credit card defaults will start and explode, they will look like leaves in the wind finally. Money will be very hard to come by and the paper dollars? Think zimbabwe, even there you need a few billion to buy bread if it is available. Fall back to the family farm? Good luck with that one. Nope, the future is here, and these are the good old days. Watch the youngsters and see if they can pull themselves out of this mess, with their sterling education and code writing skills. Computers without electricity won't do much in my opinion. Things are about to go from this to much, much worse by most indications. Like a slow motion wreck, but it just doesn't stop. I don't see any returning industry to be the anchor of our recovery. So with out the basis there is not going to be much. Survival chaos might be the best description.
Sorry if that sounds miserable but that is the way I see things unfolding. Definitely not good.
As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron."
- H.L. Mencken |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
U.S. Stocks Retreat, Led by Banks; Fannie, Freddie Shares Drop
| Quote From Source: | July 7 (Bloomberg) -- U.S. stocks fell, sending the Standard & Poor's 500 Index into a bear market, as concern that banks will be saddled with more losses from mortgage debt erased the biggest gain in three weeks.
Fannie Mae and Freddie Mac, the two largest U.S. providers of financing for home loans, tumbled on speculation they will be forced to raise more capital. JPMorgan Chase & Co. and Citigroup Inc. also retreated, sending the S&P 500 Financials Index to its lowest level since October 2002. Exxon Mobil Corp. and Schlumberger Ltd. dropped as crude slid.
The S&P 500 lost 16.07 points, or 1.3 percent, to 1,246.83 at 1:3 p.m. in New York, extending its plunge from an October record to more than 20 percent. The Dow Jones Industrial Average sank 104.54, or 0.9 percent, to 11,184, erasing a rally of almost 111 points. The Nasdaq Composite Index fell 20.07, or 0.9 percent, to 2,225.31. More than three stocks dropped for each that rose on the New York Stock Exchange.
| | Click source url to view entire story. |
Source Bloomberg
Source URL:
www.bloomberg.com
Well there is the reason for the big drop. I left this morning and things were green and fine. Came back and it was all red. Won't be long before they flush this DOW turd into the 10k's
Lets See..
Freddie Mac (FRE) is at $10.27 and its 52wk high was $67.20 so it has had quite a hair cut.
Fanny Mae (FNM) is at $15.54 down from its 52week high of $70.57 so it is down a lot too.
They need to raise 75 Billion between the two of them. I don't see it happening.
www.bloomberg.com
And to top that off, Washington Mutual (WM) Is almost under $5.00 a share now.
Its a bad day for ALL financial stocks.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
Siemens cutting 16,750 jobs worldwide to cut costs
| Quote From Source: | Siemens to cut 16,750 jobs, or 4.2 pct of its global work force, blames slowing economy
FRANKFURT, Germany (AP) -- Industrial conglomerate Siemens AG said Tuesday it would cut 16,750 jobs, or 4.2 percent of its global work force, to streamline operations and cut nearly $2 billion in costs in the face of a slowing economy.
The Munich-based maker of trams and wind turbines said the cuts would include 12,600 administrative jobs as well as another 4,150 positions involving restructuring at its various units. The company has a worldwide work force of approximately 400,000 people.
Siemens said the cuts were being made in an effort to reduce total costs by 1.2 billion euros ($1.8 billion) by 2010.
| | Click source url to view entire story. |
Source Yahoo Finance
Source URL:
biz.yahoo.com
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
Well, Bank United is now a penny stock and Downey Financial is right behind it.
Bank United (BKUNA )
Current stock price,.78 52wk High $22
Washington Mutual
Current stock price, 5.56 52wk high $44.04
Downey Financial (DSL)
Current stock price, 2.08 52 wk High $69.49
Indy Mac Bank (IMB)
Current stock price, .32 52 wk High $31.32
National City Corp (NCC)
Current stock price, 4.57 52 wk High $33.54
Fannie Mae (FNM)
Current stock price, 12.51 52 wk High $70.57
Freddie Mac (FRE)
Current stock price, 7.59 52 wk High $67.20
First Horizon National (FHN)
Current stock price, 6.32 52 wk High $39.03
Last updated July 10, 2008. There are some pretty weak looking banks out there.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
Bernanke Says Fed May Extend Wall Street Lending Access to 2009
| Quote From Source: | uly 8 (Bloomberg) -- The Federal Reserve may extend securities dealers' access to direct loans from the central bank into 2009 as long as emergency conditions ''continue to prevail,'' Chairman Ben S. Bernanke said.
''The Federal Reserve is strongly committed'' to financial stability and is ''considering several options, including extending the duration of our facilities for primary dealers beyond year-end,'' Bernanke said in a speech to a conference in Arlington, Virginia.
Bernanke also endorsed proposals to set up a federal liquidation process for a failing investment bank. The Treasury should ''take a leading role in any such process, in consultation with the firm's regulator and other authorities,'' he said.
| | Click source url to view entire story. |
Source Bloomberg
Source URL:
www.bloomberg.com
Well crap. Whip out your wallets tax payers, looks like more money to be printed and paid for by Suzie Q Citizen and JOhn Q Public.
Well lets keep inflation up there why don't we? Keep printing those greenbacks......
More here...
biz.yahoo.com
Why do I sense government control over all financial (inlcuding the stock market) in the future? You think shit is corrupt now with nekked shorting? Just wait until some senator needs a few billion for his home state.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
IndyMac Falls After Regulators Say It Isn't `Well Capitalized'
| Quote From Source: | July 8 (Bloomberg) -- IndyMac Bancorp Inc., the California- based lender that is firing half its employees, plunged 37 percent in early trading after being told by regulators the bank isn't ''well capitalized.''
IndyMac dropped 26 cents to 45 cents at 8:05 a.m. New York time in early trading. The lender will slash its workforce by 53 percent to 3,400 employees and curb lending, IndyMac said yesterday on its Web site. The Pasadena-based company said it was working with regulators on a new business plan.
''We don't expect, given the really rough state of the housing market, that IndyMac is going to be able to get out of this,'' said Jason Arnold, an analyst at RBC Capital Markets in San Francisco, in an interview yesterday. ''The big problem is that no one will give them money. There's too much risk involved and not enough value in their franchise.''
| | Click source url to view entire story. |
Source Bloomberg
Source URL:
www.bloomberg.com
This is USA's second largest Mortgage broker, behind Countrywide.
Yeah...they will tank. Nobody wants to buy them because Bank Of America got screwed buying Countrywide. They are hurting now taking on all of that debt. I would expect Indy Mac to fold over and die soon.
FAILED 7/11/2008
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
Northwest Air to Cut 2,500 Jobs to Blunt Fuel Costs
www.bloomberg.com
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
Owie. Take all the gains yesterday and forget about them. We lost that plus a lot more.
Dow 11,145.81 -238.40
Nasdaq 2,234.89 -59.55
S&P 500 1,244.66 -29.04
I'm thinking the dow will see the 10's really soon. Another day like today and we will get there no problemo. I don't see how some of these financial institutions are going to survive much longer.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
Wall Street slumps into bear market territory
| Quote From Source: | US stocks slumped decisively into bear market territory on Wednesday as investor sentiment buckled on concerns about the health of the financials sector and fears that slowing economic growth would hurt earnings at technology firms.
Nine of the ten leading industrial sectors fell, knocking the benchmark S&P 500 down 2.3 per cent to 1,244.63 - its lowest level since July 2006 and its first bear market since 2002.
The Dow Jones Industrial Average dropped 2.1 per cent to 11,246.06 while the Nasdaq Composite slipped 2.6 per cent to 2,234.89.
All three leading indices closed down more than 20 per cent from their recent highs.
| | Click source url to view entire story. |
Source FT Times
Source URL:
www.ft.com
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
Fannie, Freddie insolvent, Poole tells Bloomberg
| Quote From Source: | (Reuters) - Mortgage lenders Fannie Mae (NYSE:FNM - News) and Freddie Mac (NYSE:FRE - News) are "insolvent" and may need a U.S. government bailout, former St. Louis Federal Reserve President William Poole was quoted as saying in an interview with Bloomberg.
"Congress ought to recognize that these firms are insolvent, that it is allowing these firms to continue to exist as bastions of privilege, financed by the taxpayer," Poole was quoted as saying in an interview held on Wednesday.
Chances are increasing that the government may need to bail out the two mortgage companies, Poole was quoted as saying.
| | Click source url to view entire story. |
Source Yahoo Biz
Source URL:
biz.yahoo.com
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
US foreclosure filings surge 53 percent in June
| Quote From Source: | oreclosure filings continue to rise as US housing crisis drags on
WASHINGTON (AP) -- The number of homeowners stung by the rout in the U.S. housing market jumped last month as foreclosure filings grew by more than 50 percent compared with June a year ago, according to data released Thursday.
Nationwide, 252,363 homes received at least one foreclosure-related notice in June, up 53 percent from the same month last year, but down 3 percent from May, RealtyTrac Inc. said. One in every 501 U.S. households received a foreclosure filing last month.
Foreclosure filings increased from a year earlier in all but 11 states. Nevada, California, Arizona, Florida and Michigan continued to have the highest foreclosure rates
| | Click source url to view entire story. |
Source Yahoo Biz
Source URL:
biz.yahoo.com
Well we may be hitting bottom but we will be down here for a while. Like a year or so minimum before we even begin to think about climbing up. Frustration should reach its maximum about February next year and if interest rates hold, that will still be the time to buy. The keep moving rates around and buying all hedges on what they do. I think houses can drop a bunch more especially in California. The prices are still insane there.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
FatalWishes
Administrator
      
Posts: 4935
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Offline
Points: 88886
Mood: Aging Cynic
|
Weak Insurers that may be heading to failure
Ambac Financial Group (ABK)
Current stock price,1.87 52 wk High $86.99
MBIA (MBI)
Current stock price,3.95 52 wk High $68.98
MGIC (MTG)
Current stock price,5.09 52 wk High $57.28
PMI Group (PMI)
Current stock price,1.84 52 wk High $45.48
Radian Group (RDN)
Current stock price,1.58 52 wk High $54.16
Triad Guaranty (TGIC)
Current stock price,.81 52 wk High $38.13
There are many more on this list biz.yahoo.com that have horrible EPS's and look like they may be dropping a lot more.
I cannot believe what a financial mess America is in. The deeper I dig the worse it looks. They are not telling us the truth on purpose. If people truly knew how bad things were there would be a run on the banks and anarchy.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
|
|
| Pages: 1 .. 12 13 14 15 16 .. 19 |
|
|
|