Going down?
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Any predictions on where the Dow will end the day today? I pick 9850. Looks like the $1T Porkout was as big a waste as any suspected. Absolutely 0 impact on the Libor, and now the European Disunion is seeing banks collapse left and right...
Rob Graham wrote:
pick 9850
That seems like a reasonable pick.
Rob Graham wrote:
Looks like the $1T Porkout was as big a waste as any suspected.
Yep. So now what? :rolleyes:
"The clue train passed his station without stopping." - John Simmons / outlaw programmer "Real programmers just throw a bunch of 1s and 0s at the computer to see what sticks" - Pete O'Hanlon "Not only do you continue to babble nonsense, you can't even correctly remember the nonsense you babbled just minutes ago." - Rob Graham
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Le Centriste wrote:
Why don't they close the markets until people can start to think rationally again?
They had to close the Russian Market twice - or at least thought they had to. If the market drops, it's probably best to let it bottom out. Then the same herd mentality that took it down, will take it up. . . .I hope. Looks like Bush is going to replace Hoover in the history books.
Jon Smith & Wesson: The original point and click interface
Conspiracy Theory Of The Day: It's a conspiracy to destroy the Russian economy, to punish it for its retaliation against Georgia. Putin's mafia is loosing a lot of money right now
Oakman wrote:
Looks like Bush is going to replace Hoover in the history books.
I think he will rather replace James Buchanan.
When they kick at your front door How you gonna come? With your hands on your head Or on the trigger of your gun?
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The cleverness of the bailout is that if the economy worsens, it will be argued that it would have been much worse otherwise. If it does get better, even well down the road, then that will be because of the bailout. Talked to a friend of mine over the weekend - she's the GM of a large Honda car dealership in western PA. On Saturday, her place sold one car. They are accustomed to selling a dozen or more. She had to let one saleman go last Friday and expects to let go 2 - 3 support personnel at the end of this week. At least the wooden arrow manufacturers are happy today.
Jon Smith & Wesson: The original point and click interface
Oakman wrote:
cleverness of the bailout is that if the economy worsens, it will be argued that it would have been much worse otherwise
The DJIA was doing pretty okay last Tuesday, and Wednesday, ahead of the second time around voting on it. As far as your friend in the car business, my wife just left Honda last month to go back in the medical field where she used to work. She's very happy she made that move.
"The clue train passed his station without stopping." - John Simmons / outlaw programmer "Real programmers just throw a bunch of 1s and 0s at the computer to see what sticks" - Pete O'Hanlon "Not only do you continue to babble nonsense, you can't even correctly remember the nonsense you babbled just minutes ago." - Rob Graham
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Any predictions on where the Dow will end the day today? I pick 9850. Looks like the $1T Porkout was as big a waste as any suspected. Absolutely 0 impact on the Libor, and now the European Disunion is seeing banks collapse left and right...
I called it already in my post about the MLEC.
“It is better to fail in originality than to succeed in imitation.”
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Le Centriste wrote:
Why don't they close the markets until people can start to think rationally again?
They had to close the Russian Market twice - or at least thought they had to. If the market drops, it's probably best to let it bottom out. Then the same herd mentality that took it down, will take it up. . . .I hope. Looks like Bush is going to replace Hoover in the history books.
Jon Smith & Wesson: The original point and click interface
Oakman wrote:
If the market drops, it's probably best to let it bottom out.
It could do that pretty soon looking at the turmoil there exists. But will it be an organised drop or will it just plummet into utter chaos and capitulation to whatever happens to be "rock bottom". When it reaches that point, presumably there will be optimism for a gradual sustainable recovery. But it is going to be painful both sides of the pond.
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Conspiracy Theory Of The Day: It's a conspiracy to destroy the Russian economy, to punish it for its retaliation against Georgia. Putin's mafia is loosing a lot of money right now
Oakman wrote:
Looks like Bush is going to replace Hoover in the history books.
I think he will rather replace James Buchanan.
When they kick at your front door How you gonna come? With your hands on your head Or on the trigger of your gun?
Having failed to persuade America to join the AGW bandwagon and sacrifice her economy in the noble interest of all things Green, Gore and his green banker buddies just destroy the economy to drive down oil consumption in order to save the planet;P [And actually, it seems to be working quite well... I expect panic pump stoppage in Saudi Arabia any day now]
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I called it already in my post about the MLEC.
“It is better to fail in originality than to succeed in imitation.”
Indeed you did. Any guesses as to how long to bottom?
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Indeed you did. Any guesses as to how long to bottom?
Rob Graham wrote:
Any guesses as to how long to bottom?
Nope, not a clue. All I know is that our credit department has been making margin calls all day long which is generally a bad sign. I suppose the herd mentality to sell might break after a few days - I'm hoping to see a halt and/or slight gains by Friday, but I'm not going to put money on it.
“It is better to fail in originality than to succeed in imitation.”
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Rob Graham wrote:
Any guesses as to how long to bottom?
Nope, not a clue. All I know is that our credit department has been making margin calls all day long which is generally a bad sign. I suppose the herd mentality to sell might break after a few days - I'm hoping to see a halt and/or slight gains by Friday, but I'm not going to put money on it.
“It is better to fail in originality than to succeed in imitation.”
Yeah, thats about my guess as well- no real light in this tunnel before next week, and maybe not then. Nothing fundamental has changed to justify a course change...
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Yeah, thats about my guess as well- no real light in this tunnel before next week, and maybe not then. Nothing fundamental has changed to justify a course change...
I suspect that the bargain hunters will step in soon and stop the fall. I mean, Apple under a hundred bucks? That's a deal! Google is also in the 300's and is ripe for picking. I'm sure there's lots of circling at the moment waiting for a bottom-out. If I had spare cash I'd be looking at several choice picks that were hard to get into in the very near future. As it is, my portfolio has taken a bit of a shit-kicking, but there will definitely be gains to be made.
“It is better to fail in originality than to succeed in imitation.”
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Any predictions on where the Dow will end the day today? I pick 9850. Looks like the $1T Porkout was as big a waste as any suspected. Absolutely 0 impact on the Libor, and now the European Disunion is seeing banks collapse left and right...
Who knows... I feel bad for older people who have retirement funds in the market. They are so f*ucked. But the Wall Street Execs will be OK. They can sell their worthless paper to the Fed.
I didn't get any requirements for the signature
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Oakman wrote:
If the market drops, it's probably best to let it bottom out.
It could do that pretty soon looking at the turmoil there exists. But will it be an organised drop or will it just plummet into utter chaos and capitulation to whatever happens to be "rock bottom". When it reaches that point, presumably there will be optimism for a gradual sustainable recovery. But it is going to be painful both sides of the pond.
Richard A. Abbott wrote:
It could do that pretty soon looking at the turmoil there exists
Agreed. But I suspect the bottom is in the mid 8000's. And since everybody else is rubbing their balls and making predictions, I'll predict it'll be between 8300 and 8700 by Friday.
Jon Smith & Wesson: The original point and click interface
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Conspiracy Theory Of The Day: It's a conspiracy to destroy the Russian economy, to punish it for its retaliation against Georgia. Putin's mafia is loosing a lot of money right now
Oakman wrote:
Looks like Bush is going to replace Hoover in the history books.
I think he will rather replace James Buchanan.
When they kick at your front door How you gonna come? With your hands on your head Or on the trigger of your gun?
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Richard A. Abbott wrote:
It could do that pretty soon looking at the turmoil there exists
Agreed. But I suspect the bottom is in the mid 8000's. And since everybody else is rubbing their balls and making predictions, I'll predict it'll be between 8300 and 8700 by Friday.
Jon Smith & Wesson: The original point and click interface
I have no idea how low that low can reach. From what I read, the FDIC is likely to go cap-in-hand to your Treasury (or Federal Reserve) very soon as funds there are also in very short supply - not good news at all. And another thing, according to this Money-Market Rates Climb as Banks Hoard Cash, Crisis Deepens...[^] My question is, should banks be legally forced NOT to hoard cash ????
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Oakman wrote:
cleverness of the bailout is that if the economy worsens, it will be argued that it would have been much worse otherwise
The DJIA was doing pretty okay last Tuesday, and Wednesday, ahead of the second time around voting on it. As far as your friend in the car business, my wife just left Honda last month to go back in the medical field where she used to work. She's very happy she made that move.
"The clue train passed his station without stopping." - John Simmons / outlaw programmer "Real programmers just throw a bunch of 1s and 0s at the computer to see what sticks" - Pete O'Hanlon "Not only do you continue to babble nonsense, you can't even correctly remember the nonsense you babbled just minutes ago." - Rob Graham
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Ka?l wrote:
I think he will rather replace James Buchanan.
Which states will secede, do you think?
Jon Smith & Wesson: The original point and click interface
http://www.usnews.com/usnews/news/articles/070216/16president.buchanan.htm[^]. Got the position for 147 years, I wonder if GWB will last that long.
If you kill a whale, you get Greenpeace and Jacques Cousteau on your back, but wipe out sardines and you get a canning subsidy! Fold with us! ¤ flickr
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Rob Graham wrote:
pick 9850
That seems like a reasonable pick.
Rob Graham wrote:
Looks like the $1T Porkout was as big a waste as any suspected.
Yep. So now what? :rolleyes:
"The clue train passed his station without stopping." - John Simmons / outlaw programmer "Real programmers just throw a bunch of 1s and 0s at the computer to see what sticks" - Pete O'Hanlon "Not only do you continue to babble nonsense, you can't even correctly remember the nonsense you babbled just minutes ago." - Rob Graham
Paul Conrad wrote:
So now what?
We could build a giant wooden badger.
BW
Quick to judge, quick to anger, slow to understand.
Ignorance and prejudice and fear walk hand in hand.
-- Neil Peart -
Paul Conrad wrote:
my wife just left Honda last month to go back in the medical field where she used to work. She's very happy she made that move.
I'll bet. Her timing is impeccable.
Jon Smith & Wesson: The original point and click interface
Oakman wrote:
Her timing is impeccable.
That's what it sounded like when we called her former coworker to invite him and his wife over for watching the football games last week.
"The clue train passed his station without stopping." - John Simmons / outlaw programmer "Real programmers just throw a bunch of 1s and 0s at the computer to see what sticks" - Pete O'Hanlon "Not only do you continue to babble nonsense, you can't even correctly remember the nonsense you babbled just minutes ago." - Rob Graham
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Paul Conrad wrote:
So now what?
We could build a giant wooden badger.
BW
Quick to judge, quick to anger, slow to understand.
Ignorance and prejudice and fear walk hand in hand.
-- Neil Peart:badger:
brianwelsch wrote:
could build a giant wooden badger
:laugh: There's plenty of lumber in these parts for the job.
"The clue train passed his station without stopping." - John Simmons / outlaw programmer "Real programmers just throw a bunch of 1s and 0s at the computer to see what sticks" - Pete O'Hanlon "Not only do you continue to babble nonsense, you can't even correctly remember the nonsense you babbled just minutes ago." - Rob Graham
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I have no idea how low that low can reach. From what I read, the FDIC is likely to go cap-in-hand to your Treasury (or Federal Reserve) very soon as funds there are also in very short supply - not good news at all. And another thing, according to this Money-Market Rates Climb as Banks Hoard Cash, Crisis Deepens...[^] My question is, should banks be legally forced NOT to hoard cash ????
Richard A. Abbott wrote:
My question is, should banks be legally forced NOT to hoard cash
Why should they be any different than anyone else with two dollars to rub against each other? According to Warren Buffet, he keeps at least 10 billion on hand at Berkshire-Hathaway and, after buying the GM stock, actually had about 40 billion.
Jon Smith & Wesson: The original point and click interface