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...
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
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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
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Richard A. Abbott wrote:
Not the same, but, in times of war, hoarding foodstuffs is a crime.
Are you sure? Over here it's called emergency preparedness and we're encouraged to do it. Back in the days of siege engines and walled cities, such a law would've made good sense, I suppose.
Jon Smith & Wesson: The original point and click interface