| Pages: 1 .. 31 32 33 34 35 .. 45 |
FatalWishes
Administrator
Posts: 5509
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Online
Points: 101961
Mood: Aging Cynic
|
Chart for the dow...Jumped off a cliff.
FatalWishes has attached this image:
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 |
|
|
doppelganger
Member
Posts: 122
Registered: 3/17/2008
Member Is Offline
Points: 1265
|
I think we have hit bottom.. or close to it.. and we'll settle back into the 9,000's in few weeks. The credit crunch is easing up and banks are hoarding cash trying get themselves in a better position. I think after this short term panic things will ease and then slowly start to look up - as long as they can keep the wheels turning.
This all seems to be hedge fund customers panicking and cashing out. They want their cash and they want it now. So hedge fund managers have no choice but to sell off. As soon as things look the tiniest bit better, all these people will buy back in when they see how many bargains are out there. |
|
|
FatalWishes
Administrator
Posts: 5509
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Online
Points: 101961
Mood: Aging Cynic
|
| Quoting doppelganger - posted on 10/10/2008 at 10:55 |
I think we have hit bottom.. or close to it.. and we'll settle back into the 9,000's in few weeks. The credit crunch is easing up and banks are hoarding cash trying get themselves in a better position. I think after this short term panic things will ease and then slowly start to look up - as long as they can keep the wheels turning.
This all seems to be hedge fund customers panicking and cashing out. They want their cash and they want it now. So hedge fund managers have no choice but to sell off. As soon as things look the tiniest bit better, all these people will buy back in when they see how many bargains are out there.
|
I agree. I am worried about an overshoot as the last few fools throw in their towels. The VIX ranged from 28.13 to 75.92. That is major capitulation when you look at price ranges of the stocks. We also hit a low of 7888 on the dow. We need to hold the gains.
If felt like we were getting close to a bottom yesterday. Lets see where we close today and open on Monday.
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: 5509
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Online
Points: 101961
Mood: Aging Cynic
|
Didnt hold the gains and the VIX closed at 68.86. On the bright side, SKF is being sold off. People are taking their gains into the weekend.
I guess they figure the market won't go down too much further. I really think we are around a bottom.
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 |
|
|
DanG
Administrator
Posts: 5423
Registered: 6/30/2004
Location: SW FL
Member Is Offline
Points: 113496
Mood: Stunned Amazement
|
nope |
|
|
doppelganger
Member
Posts: 122
Registered: 3/17/2008
Member Is Offline
Points: 1265
|
I love DanG's insights, lol. |
|
|
FatalWishes
Administrator
Posts: 5509
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Online
Points: 101961
Mood: Aging Cynic
|
Well the way gold is selling off.. gold shares seem to be drifting in all directions. Something odd is going on.
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: 5509
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Online
Points: 101961
Mood: Aging Cynic
|
Maybe he'd like to elaborate as to why we are not yet at a bottom or anywhere close?
Asia and Europe are selling off hard again for sure. I still don't think we will go below the 7000s and the way it is looking now we may not close down there. That dip to 78888 may have been our bottom. Look at stocks like AAPL. Bulls are not going to sit tight much longer. The emotion to get to the 7000's has been topped. The mindset has changed. The emotion is different.
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 |
|
|
Indy
Super Administrator
Posts: 4116
Registered: 6/24/2004
Member Is Offline
Points: 79425
Mood: Resident Skeptic
|
Fatal... our economy is still a fraud. That hasn't changed. We make nothing but debt. People I think are starting to realize that. I think the idea that we absolutely had to bail out Wall St made people and realize they had been investing in bullshit all this time. They'd get more value in investing in a 6 pack of toilet paper. At least you can wipe your ass with it.
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
|
|
FatalWishes
Administrator
Posts: 5509
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Online
Points: 101961
Mood: Aging Cynic
|
| Quoting Indy - posted on 10/10/2008 at 19:56 |
Fatal... our economy is still a fraud. That hasn't changed. We make nothing but debt. People I think are starting to realize that. I think the idea that we absolutely had to bail out Wall St made people and realize they had been investing in bullshit all this time. They'd get more value in investing in a 6 pack of toilet paper. At least you can wipe your ass with it.
|
Oh I get it. I saw that video as well. I've always felt politics were a fraud as well. Common sense will never rule. Ron Paul has no hope but he will get at least one vote because he would be for true change.
What we have does not work any more and in the future it won't work at all. But we live within a system that cannot and will not change until it has to or wants to. Right now as I sit the US is starting the first phase of bank privatization by taking a stake in the banks.
http://biz.yahoo.com/ap/081010/financial_meltdown.html
We didn't have to bail them out. We SHOULD have let the system collapse. Then they throw it into our faces with Golden Parachutes and 1/2 million dollar trips to spas.
They could have sent that money to Americans and bailed us out instead of the assholes that created this situation. We could have used that money to buy our homes and solved that problem. With no house payment we would have money to buy cars and new TV's and other goods and services. But no, they sent the bailout to assholes that did not deserve to be bailed out.
People say they want change yet the only way to get it is controlled by institutions that we had to bail out. Hence no Ron Paul. They want Obama so that is who we will get. It is getting infuriating.
Now they are working on another stimulus package to buy us off.
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 |
|
|
Indy
Super Administrator
Posts: 4116
Registered: 6/24/2004
Member Is Offline
Points: 79425
Mood: Resident Skeptic
|
Our system will fail. It isn't a question of IF but WHEN. It is a certainty. It is also unfortunate because it didn't have to be that way. But we as a nation had to pretend we were wealthy by printing money and running up debt. Once we started down that path we ensured a failure. Its like jumping off a tall building. The only thing that determines when you die is how tall the building was. Eventually you will hit the ground and go splat.
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
|
|
doppelganger
Member
Posts: 122
Registered: 3/17/2008
Member Is Offline
Points: 1265
|
I don't think he needs to. He's been pretty accurate so far.  |
|
|
FatalWishes
Administrator
Posts: 5509
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Online
Points: 101961
Mood: Aging Cynic
|
| Quoting FatalWishes - posted on 3/12/2008 at 19:58 |
WAMU is looking pretty good sitting at 2pts above junk status. They are too big to fail so what would happen is a bail out and they would be bought by JPMorgan or something.
WASHINGTON MUTUAL
(NYSE: WM)
Last Trade: 11.64
Trade Time: 4:02PM ET
Change: Down 0.24 (2.02%)
Prev Close: 11.88
Open: 11.85
Bid: N/A
Ask: N/A
1y Target Est: 15.69
Day's Range: 11.50 - 12.99
52wk Range: 9.91 - 44.66
VPS (ttm): -0.119
LOL, used to be 44.66 a share...now they are barely trading over 11.50.
Yup, mortgages like yours are worth money and they will not go away. What would be nice if they all got packaged up and lost somewhere like that previous post I made where they cannot find who owns the mortgage so they cant foreclose on the guy.
When Washington Mutual posts their next write off and lowers their forecast things may not end up well for them. I need to find out when they report their next earnings. I bet its really bad lol.
Probably around 17-18th of April
http://www.earnings.com/company.asp?client=cb&ticker=wm
That is when they have posted earning in the past for the 1st Quarter....I'd short it but there isn't much left to short compared to some other stocks. Knowing my luck somebody would come and buy them and I'd be squeezed out.
|
How funny I predicted that in March.
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: 5509
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Online
Points: 101961
Mood: Aging Cynic
|
| Quoting FatalWishes - posted on 3/23/2008 at 18:05 |
I don't either....but several people are now saying it is...so well......don't argue with the market.
Sunday March 23, 2008
Current US Market Levels
Dow 12,361.32 (8415.91)
Nasdaq 2,258.11 (1649.51)
S&P 500 1,329.51 (899.22)
|
They called the bottom back on March 22nd. I'd say they missed it.
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 |
|
|
DanG
Administrator
Posts: 5423
Registered: 6/30/2004
Location: SW FL
Member Is Offline
Points: 113496
Mood: Stunned Amazement
|
The problem with anything that's based on Smoke and Mirrors -
is once enough people figure it out, it never works quite as well.
The 'stock market', like our banking system, is based mostly on trust...
and there ain't much of that to be found these days.
|
|
|
DanG
Administrator
Posts: 5423
Registered: 6/30/2004
Location: SW FL
Member Is Offline
Points: 113496
Mood: Stunned Amazement
|
DanG has attached this image:
|
|
|
FatalWishes
Administrator
Posts: 5509
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Online
Points: 101961
Mood: Aging Cynic
|
^^^ LOL ^^^
Pretty Funny DanG
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: 5509
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Online
Points: 101961
Mood: Aging Cynic
|
Berlusconi Says Leaders May Close World's Markets
| Quote From Source: | Oct. 10 (Bloomberg) -- Italian Prime Minister Silvio Berlusconi said political leaders are discussing the idea of closing the world's financial markets while they ''rewrite the rules of international finance.''
''The idea of suspending the markets for the time it takes to rewrite the rules is being discussed,'' Berlusconi said today after a Cabinet meeting in Naples, Italy. A solution to the financial crisis ''can't just be for one country, or even just for Europe, but global.''
The Dow Jones Industrial Average fell as much 8.1 percent in early trading and pared most of those losses after Berlusconi's remarks. The Dow was down 0.5 percent to 8540.52 at 10:10 in New York.
| | Click source url to view entire story. |
Source Bloomberg
Source URL:
ClimatePatrol.com - 'It's going to be much worse' (Economy)
Too bad we cannot rewrite the rules for ourselves.
Bush Says Nations Must Act Together to Solve Crisis
http://www.bloomberg.com/app...=aX9fIiX7Xvwk&refer=home
G-7 Commit to 'All Necessary Steps' to Stem Meltdown
http://www.bloomberg.com/app...=aS1SUyQlEm74&refer=home
Too much greed. They won't let the worst happen. You can forget the Venus project and star trek. We have more wars, privileged silver spoons, starvation, and countries to rule before every body becomes equal. We are watching the opportunity to better the human race as a whole slip before our eyes in this one post. They will change the rules and get things back on track and it will be business as usual. We will have learned nothing and only a select few will garner the bulk of the wealth. Nothing will have changed.
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: 5509
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Online
Points: 101961
Mood: Aging Cynic
|
General Motors in Preliminary Talks With Chrysler
| Quote From Source: | Oct. 11 (Bloomberg) -- General Motors Corp. is in preliminary talks with Cerberus Capital Management LP's Chrysler LLC about a possible merger or other partnership, a person familiar with the talks said.
The talks are very early and it's not clear whether they will result in any agreement, the person said, who asked not to be named because the discussions are private. The New York Times reported the talks yesterday and said Cerberus is also holding talks with automakers including Nissan Motor Co. and Renault SA, citing unidentified people.
Cerberus spokesman Peter Duda did not return phone calls. Chrysler spokeswoman Shawn Morgan had no immediate comment. GM spokesman Tony Cervone also had no comment.
| | Click source url to view entire story. |
Source Bloomberg
Source URL:
http://www.bloomberg.com/app...=aH2LC2.mp9gI&refer=home
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 |
|
|
DanG
Administrator
Posts: 5423
Registered: 6/30/2004
Location: SW FL
Member Is Offline
Points: 113496
Mood: Stunned Amazement
|
General Motors Corp. is in talks with Chrysler LLC about a possible merger ...
ok - Crappy Car Contest - GO !!
DanG has attached this image:
|
|
|
doppelganger
Member
Posts: 122
Registered: 3/17/2008
Member Is Offline
Points: 1265
|
GM did it to themselves. So did Ford. I have no sympathy for them or the fucked up unions that helped ruin them. |
|
|
Indy
Super Administrator
Posts: 4116
Registered: 6/24/2004
Member Is Offline
Points: 79425
Mood: Resident Skeptic
|
I'm not fan of unions but I don't blame them for this. Remember it takes two to sign a labor contract. Without the signature from GM (and other auto makers) officials the labor contract never happens. Management accepted the terms. Just like with a building lease, parts orders, etc. Now if you want to blame anything for the mess blame corporate advertising. I was told that approximately 1/3rd of the price of a vehicle goes for advertising. It is so completely unnecessary. Yes you want your name out there but this is overkill. Let the quality if your product speak for itself. Imagine how successful sales would be if they'd trim even 25% off of the price of a car. All this advertising is unnecessary and honestly it pisses me off. I'm tired of watching a football game and having the play of the game altered (clock stoppage rules) so they can shove more damn car/truck ads down our throats.
"I think God gives us children so death won't come as such a disappointment." - Two and a Half Men |
|
|
DanG
Administrator
Posts: 5423
Registered: 6/30/2004
Location: SW FL
Member Is Offline
Points: 113496
Mood: Stunned Amazement
|
| Quoting Indy - posted on 10/11/2008 at 10:16 |
I'm tired of watching a football game and having the play of the game altered (clock stoppage rules) so they can shove more damn car/truck ads down our throats.
|
oooor - a BEER ad ?
|
|
|
FatalWishes
Administrator
Posts: 5509
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Online
Points: 101961
Mood: Aging Cynic
|
I wonder what the Acura - Ford - Chevy ad % numbers are. I mean all companies spend money on advertising.
No matter, I won't buy American inferior, overpriced, no value holding crap any more. I have been burned way too many times on Domestic vehicles. Ford and Dodge are the worst for holding value.
Honda and Acura are built here so by buying those I'm still supporting American Jobs and the value stays up with less problems and longer warranties on ceritified pre-owned vehicles. That is why we own two Acura's now. And MDX and a TL. Fuck Ford, Chevy, and Dodge POS over priced crap.
Did you know it takes about 12k in materials to build a Chevy truck they sell for 34k? And its worth about 24k when you drive it off the lot? Why buy them? Seriously when I can buy a brand new fully loaded Chevy truck for 18k or less I'll buy one. That is what it is worth to me.
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: 5509
Registered: 6/24/2004
Location: Fort Worth Texas
Member Is Online
Points: 101961
Mood: Aging Cynic
|
| Quoting FatalWishes - posted on 9/25/2008 at 21:28 |
My advice? Buy BAC, JPM, and WFC stock. All you can afford. When this mess is over..with their newly acquired assets they have collected during this debacle they will be bigger and stronger. Their stocks should be twice what they were before this. They will be strong and healthy and their earnings will be great. Oh..buy GS as well. Goldman Sachs will be the last. Merril Lynch may still be around...Depends on the BAC merger. Even if they are their competition has slimmed. Goldman Sachs will be a super power house one day. Why do you think Warren Buffet stuck 5 billion into them?
When you move your 401k back over put it in Financials and Housing. Those market are bottomed and have nowhere to go but up.
|
This may now be a bad idea since all the rules are changing. As I type this they are changing the rules, regulations, and ownership in these banks.
We are getting closer and closer to nationalizing our banks.
See there is normal stock Joe six pack and Suzie Q can buy but the elite get to by the preferred shares (stock) and get a minimum of 8- 10% return no matter what. And there are different levels of this stock as well. The governments of the world will force the sell of preferred stock. So either they create more preferred stock and dilute the shares of what is there or kick the people out of their stocks that really know how to run things.
Either way Hedgefunds, Mutual Funds, indexes and large retail investors will be selling furiously to get out of financials because nobody wants to be the bag holder to the US government, meaning basically nobody is buying the shares owned by the government. The government is going to find out the hard way, nobody will buy their shares at all. It's all about the bonds and the true value of the company.
People are not trading commerical bonds or giving out credit because if you are ever in the event where a company's market capitalization is going down because of the economic environment and preferred shareholders take flight then the "REAL Value" of the company drops dramatically and its puts that company in a serious situation for credit downgrade risk because with the company's real value dissipated, bond holders will start to take flight because that shows there is less chance of company being able to pay back their debt.
Your bond investors and preferred investors are usually your more savvy investors and they do not want to be caught holding the bag in another Lehman brothers sitaution. See, that type of sitaution would be perfect for our government because they make money all they way to the end and then once the company goes belly up they take over the assets and start a nationalized version of that company or they can force other banks that the FEDs lend to to buy those assets at "mark to fantasy" type prices.
All the while, while this is happening the common shareholders get nothing and lose everything also this type of action hurts bond issuers as well because if they do not have the money to cover the bonds of that company that they sold to the client then up come the margin calls and fire sells from them as well to build money to pay buy back those loans for the bond auctions.
To be honest, that is part of what has been happening with this sell-off is that the bond issuers for Lehman and the bond insurers have been having to sell their holding in other companies to raise cash to pay back bond holders. I know there has been a lot of blame on the hedgefund industry doing a fire sell for redemptions but the truth is, it is a mixture of both.
We are in uncharted territory and nobodies advice it going to be sound and based on fact. As the rules change, realize you are in game where if they start losing, they will change the rules to win. Just like little kids. Except it is with real companies, jobs, income, and lives. You cannot afford to lose this game. My new advice....buy more gold coins and sit on them and wait to see how the laws and rules are changed and written and see if it will be a level playing field for all.
This all may be wrong and people will love having the government involved in bank ownership. Personally I'm afraid it will put us in deep recession or worse. Guess we will find out soon enough. Either way I'm staying in cash and gold.
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 .. 31 32 33 34 35 .. 45 |
![[*]](/images/corporate/default_icon.gif){kind=icon}
posted on 10/10/2008 at 10:19
