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View unanswered posts | View active topics
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frankthetank
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Post subject: Re: Stock Markets Current News part II  Posted: Fri Dec 05, 2008 10:01 am |
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Joined: Thu Sep 16, 2004 12:00 am
Posts: 5845
Location: Southwest WI
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Good post from marketwatch:
Quote: For those optimists who thought we were at a BOTTOM - not even close...Do the math and you'll see:
- consumers are 2/3 of the economy
- 1.9 million (so far this year) do NOT have the jobs they had in 2007
- fully 7% of homes are in some stage of foreclosure
- their ability to GET a loan (of any sort) has been drastically curtailed
- their net worth is likely 40%+ lower than last year
Does THIS portend a market upswing? I think not.
Take Care everyone!!
I've been spending a lot of time at the shopping malls due to the cold weather, and have noticed the big stores are basically empty. The shelves are full. For the most part, the stores i walk through have more employees then shoppers (with Sears/Herbergers/Macys being the worse).
_________________
Don't take home the fattest girl in the club, it'll affect your gas mileage...
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biofuel13
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Post subject: Re: Stock Markets Current News part II Posted: Fri Dec 05, 2008 10:08 am |
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Joined: Wed May 07, 2008 12:00 am
Posts: 610
Location: Chaska, MN
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Ahh the good old 150 pt + rally. Anyone here think it has legs? I think not...
_________________
"With man gone will there be hope for gorilla? With gorilla gone will there be hope for man?" --Ishmael by D. Quinn
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smallpoxgirl
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Post subject: Re: Stock Markets Current News part II Posted: Fri Dec 05, 2008 10:55 am |
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Joined: Mon Nov 08, 2004 1:00 am
Posts: 7742
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biofuel13 wrote: Ahh the good old 150 pt + rally. Anyone here think it has legs? I think not... Nah. Kind of a lateral consolidation forming. Not surprising with the support level. Might even get another late day plunge if things hold out. ![[smilie=eusa_pray.gif]](./images/smilies/eusa_pray.gif "eusa_pray")
_________________
"We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
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biofuel13
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Post subject: Re: Stock Markets Current News part II Posted: Fri Dec 05, 2008 11:43 am |
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Joined: Wed May 07, 2008 12:00 am
Posts: 610
Location: Chaska, MN
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hmmm...might just be a green day today...
_________________
"With man gone will there be hope for gorilla? With gorilla gone will there be hope for man?" --Ishmael by D. Quinn
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Jotapay
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Post subject: Re: Stock Markets Current News part II Posted: Fri Dec 05, 2008 12:28 pm |
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Joined: Sat Jun 21, 2008 12:00 am
Posts: 2954
Location: Austin, TX. The last oasis in the last free state.
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Fed started buying GSE (Fannie, Freddie, Ginnie...) securities this afternoon. Saw this on TF.
NY Fed Link
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hironegro
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Post subject: Re: Stock Markets Current News part II Posted: Fri Dec 05, 2008 12:33 pm |
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Joined: Tue Apr 08, 2008 12:00 am
Posts: 432
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Kashkari: Taxpayers will see return from bailout
Christopher S. Rugaber, AP Economics Writer wrote: ..."We're not day traders, and we're not looking for a return tomorrow," Kashkari said. "Over time, we believe the taxpayers will be protected and have a return on their investment."...
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ALBY
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Post subject: Re: Stock Markets Current News part II Posted: Fri Dec 05, 2008 1:58 pm |
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Joined: Fri Sep 30, 2005 12:00 am
Posts: 513
Location: Baltimore County, Md
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'were not daytraders' ![[smilie=5butthead.gif]](./images/smilies/5butthead.gif "5butthead")
harummph
as if buy and holding your way to a 50% loss isn't more retarded...
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smallpoxgirl
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Post subject: Re: Stock Markets Current News part II Posted: Fri Dec 05, 2008 2:14 pm |
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Joined: Mon Nov 08, 2004 1:00 am
Posts: 7742
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Well my friends, we just broke out of the channel. One of two things is probably going to happen on Monday. Either we're going to drop sharply and fall back in the channel, or it's going to kick off a prolonged rally. My vote is the later. I think we're going to rally into January. It's been trying all week to get through that channel line and it finally did. It's not really pushed up against any band lines. Price up, volume up is a bullish sign. Plus it didn't have that racing to get across at the last minute feel. It hit the border. Fell back in the channel. Regrouped and charged again and stayed out for a good 45 minutes.
_________________
"We were standing on the edges
Of a thousand burning bridges
Sifting through the ashes every day
What we thought would never end
Now is nothing more than a memory
The way things were before
I lost my way" - OCMS
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biofuel13
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Post subject: Re: Stock Markets Current News part II Posted: Fri Dec 05, 2008 4:24 pm |
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Joined: Wed May 07, 2008 12:00 am
Posts: 610
Location: Chaska, MN
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Arrgh! Any one else having massive problems with this thread?
Ok back on topic. Here is the Wall St equation of the day....
Record unemployment + Record forclosures = A big fat rally.
Dem boys down der muss be usin dat new math!
_________________
"With man gone will there be hope for gorilla? With gorilla gone will there be hope for man?" --Ishmael by D. Quinn
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