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For those who care about "the markets..."
Dow closes above 10,000 for 1st time in a year
By SARA LEPRO and TIM PARADIS, AP Business Writers NEW YORK When the Dow Jones industrial average first passed 10,000, traders tossed commemorative caps and uncorked champagne. This time around, the feeling was more like relief. The best-known barometer of the stock market entered five-figure territory again Wednesday, the most visible sign yet that investors believe the economy is clawing its way back from the worst downturn since the Depression. The milestone caps a stunning 53 percent comeback for the Dow since early March, when stocks were at their lowest levels in more than a decade. "It's almost like an announcement that the bear market is over," said Arthur Hogan, chief market analyst at Jefferies & Co. in Boston. "That is an eye-opener 'Hey, you know what, things must be getting better because the Dow is over 10,000.'" Cheers went up briefly when the Dow eclipsed the milestone in the early afternoon, during a daylong rally driven by encouraging earnings reports from Intel Corp. and JPMorgan Chase & Co. The average closed at 10,015.86, up 144.80 points. It was the first time the Dow had touched 10,000 since October 2008, that time on the way down. -- http://tinyurl.com/ykaa4k7 |
For those who care about "the markets..."
H the K wrote:
Dow closes above 10,000 for 1st time in a year Those that care about the markets sure as hell don't get their news from Krausie's cut and paste. |
For those who care about "the markets..."
On Wed, 14 Oct 2009 17:45:08 -0400, H the K
wrote: Dow closes above 10,000 for 1st time in a year By SARA LEPRO and TIM PARADIS, AP Business Writers NEW YORK ? When the Dow Jones industrial average first passed 10,000, traders tossed commemorative caps and uncorked champagne. This time around, the feeling was more like relief. The best-known barometer of the stock market entered five-figure territory again Wednesday, the most visible sign yet that investors believe the economy is clawing its way back from the worst downturn since the Depression. The milestone caps a stunning 53 percent comeback for the Dow since early March, when stocks were at their lowest levels in more than a decade. "It's almost like an announcement that the bear market is over," said Arthur Hogan, chief market analyst at Jefferies & Co. in Boston. "That is an eye-opener ? 'Hey, you know what, things must be getting better because the Dow is over 10,000.'" Cheers went up briefly when the Dow eclipsed the milestone in the early afternoon, during a daylong rally driven by encouraging earnings reports from Intel Corp. and JPMorgan Chase & Co. The average closed at 10,015.86, up 144.80 points. It was the first time the Dow had touched 10,000 since October 2008, that time on the way down. I'm sure the millions of unemployed are just tickled pink about this news. --Vic |
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On 10/14/09 6:07 PM, Vic Smith wrote:
On Wed, 14 Oct 2009 17:45:08 -0400, H the K wrote: Dow closes above 10,000 for 1st time in a year By SARA LEPRO and TIM PARADIS, AP Business Writers NEW YORK ? When the Dow Jones industrial average first passed 10,000, traders tossed commemorative caps and uncorked champagne. This time around, the feeling was more like relief. The best-known barometer of the stock market entered five-figure territory again Wednesday, the most visible sign yet that investors believe the economy is clawing its way back from the worst downturn since the Depression. The milestone caps a stunning 53 percent comeback for the Dow since early March, when stocks were at their lowest levels in more than a decade. "It's almost like an announcement that the bear market is over," said Arthur Hogan, chief market analyst at Jefferies& Co. in Boston. "That is an eye-opener ? 'Hey, you know what, things must be getting better because the Dow is over 10,000.'" Cheers went up briefly when the Dow eclipsed the milestone in the early afternoon, during a daylong rally driven by encouraging earnings reports from Intel Corp. and JPMorgan Chase& Co. The average closed at 10,015.86, up 144.80 points. It was the first time the Dow had touched 10,000 since October 2008, that time on the way down. I'm sure the millions of unemployed are just tickled pink about this news. --Vic Indeed. |
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"Vic Smith" wrote in message
... On Wed, 14 Oct 2009 17:45:08 -0400, H the K wrote: Dow closes above 10,000 for 1st time in a year By SARA LEPRO and TIM PARADIS, AP Business Writers NEW YORK ? When the Dow Jones industrial average first passed 10,000, traders tossed commemorative caps and uncorked champagne. This time around, the feeling was more like relief. The best-known barometer of the stock market entered five-figure territory again Wednesday, the most visible sign yet that investors believe the economy is clawing its way back from the worst downturn since the Depression. The milestone caps a stunning 53 percent comeback for the Dow since early March, when stocks were at their lowest levels in more than a decade. "It's almost like an announcement that the bear market is over," said Arthur Hogan, chief market analyst at Jefferies & Co. in Boston. "That is an eye-opener ? 'Hey, you know what, things must be getting better because the Dow is over 10,000.'" Cheers went up briefly when the Dow eclipsed the milestone in the early afternoon, during a daylong rally driven by encouraging earnings reports from Intel Corp. and JPMorgan Chase & Co. The average closed at 10,015.86, up 144.80 points. It was the first time the Dow had touched 10,000 since October 2008, that time on the way down. I'm sure the millions of unemployed are just tickled pink about this news. --Vic Yeah, you're probably right, but it is one of several signals that things are not slipping quite so fast. I heard on NPR that foreclosures will continue to increase until mid- to late next year. The next big test will be the holiday shopping season, if nothing more than to show if confidence is improving. I am making my list of gifts, but I'm not going to go hog wild.... maybe an iTouch here, a netbook there, here a book, there a book, everywhere (else) a book/book. -- Nom=de=Plume |
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On Wed, 14 Oct 2009 15:33:32 -0700, "nom=de=plume"
wrote: Yeah, you're probably right, but it is one of several signals that things are not slipping quite so fast. I heard on NPR that foreclosures will continue to increase until mid- to late next year. The next big test will be the holiday shopping season, if nothing more than to show if confidence is improving. I am making my list of gifts, but I'm not going to go hog wild.... maybe an iTouch here, a netbook there, here a book, there a book, everywhere (else) a book/book. The only thing the DJIA has signaled in many years is debt. The higher the DJIA the deeper the nation is in debt. Not hard to post good earnings when the U.S. taxpayer forks over trillions of bucks to Wall Street. Here's a pretty chart. http://money.cnn.com/news/storysuppl...ker/index.html But at least we can be thankful for the record bonuses divvied up by Wall Street firms. hehe. Same old, same old. Glad Obama is bringing hope and change though. Let's see if his health care program heavily subsidies the health insurance companies with taxpayer money, while premiums continue to rise. That might be harmful to him. --Vic |
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On Wed, 14 Oct 2009 17:53:04 -0500, Vic Smith wrote:
Same old, same old. Glad Obama is bringing hope and change though. Let's see if his health care program heavily subsidies the health insurance companies with taxpayer money, while premiums continue to rise. That might be harmful to him. This recession has changed something, Americans are saving. We are up to 5 1/2%. Can't say that it's a long term change, but... |
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"thunder" wrote in message
... On Wed, 14 Oct 2009 17:53:04 -0500, Vic Smith wrote: Same old, same old. Glad Obama is bringing hope and change though. Let's see if his health care program heavily subsidies the health insurance companies with taxpayer money, while premiums continue to rise. That might be harmful to him. This recession has changed something, Americans are saving. We are up to 5 1/2%. Can't say that it's a long term change, but... That's a big change that might not go away. Once people see the result, they have trouble stopping. I did this with my niece. She was 10. We talked about compound interest in practical terms... say, you want to buy the latest mp3 player, but you don't have enough money, etc. I started her off with $300, with the promise by her that she would not spend it for two years, that she would still get her usual horribly spoiling behavior from her aunt that her mom hates but tolerates. Two years is almost up and now she's saving for a new computer. To be fair, she got the mp3 player as a gift. :-) -- Nom=de=Plume |
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On Oct 14, 6:07*pm, Vic Smith wrote:
On Wed, 14 Oct 2009 17:45:08 -0400, H the K wrote: Dow closes above 10,000 for 1st time in a year By SARA LEPRO and TIM PARADIS, AP Business Writers NEW YORK ? When the Dow Jones industrial average first passed 10,000, traders tossed commemorative caps and uncorked champagne. This time around, the feeling was more like relief. The best-known barometer of the stock market entered five-figure territory again Wednesday, the most visible sign yet that investors believe the economy is clawing its way back from the worst downturn since the Depression. The milestone caps a stunning 53 percent comeback for the Dow since early March, when stocks were at their lowest levels in more than a decade. "It's almost like an announcement that the bear market is over," said Arthur Hogan, chief market analyst at Jefferies & Co. in Boston. "That is an eye-opener ? 'Hey, you know what, things must be getting better because the Dow is over 10,000.'" Cheers went up briefly when the Dow eclipsed the milestone in the early afternoon, during a daylong rally driven by encouraging earnings reports from Intel Corp. and JPMorgan Chase & Co. The average closed at 10,015.86, up 144.80 points. It was the first time the Dow had touched 10,000 since October 2008, that time on the way down. I'm sure the millions of unemployed are just tickled pink about this news. --Vic- Hide quoted text - - Show quoted text - obama can't repair ALL the damage bush did in a few short months... |
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On Oct 15, 9:34*am, Keith Nuttle wrote:
If you do that you will really lose money. *We stuck it out and have recovered a good chunk of money lost we lost in the pelosi plunge and obama slide. you mean the 50% increase in the market since bush left office and obama came in? The plunge and slide is blamed on President Bush, but he did not refuse to support the Constitutional mandate of providing a stable money supply as pelosi did when she killed the first bailout bill on September 28, 2008. *In the next 12 days the market lost 30% of its value (from about 11500 to 8500) except, of course, the market had lost 50% of its value when bush was in office. and the fed controls the money supply by setting interest rates but i guess if you're a right winger, this is the best you can do. Check the facts yourself athttp://www.google.com/finance?cid=983582 and don't listen to the liberal press. or the right wing press If you check the history of the markets obama is the third president in over 100 years that the market responded negatively when they were elected. strange, then, that the market is up 50% since he took office... Check the facts yourself athttp://www.google.com/finance?cid=983582 and don't listen to the liberal press.- the market was at 6000 when bush left office it's now at 10,000 since obama's president the facts speak for themselves |
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wf3h wrote:
On Oct 15, 9:34 am, Keith Nuttle wrote: If you do that you will really lose money. We stuck it out and have recovered a good chunk of money lost we lost in the pelosi plunge and obama slide. you mean the 50% increase in the market since bush left office and obama came in? The plunge and slide is blamed on President Bush, but he did not refuse to support the Constitutional mandate of providing a stable money supply as pelosi did when she killed the first bailout bill on September 28, 2008. In the next 12 days the market lost 30% of its value (from about 11500 to 8500) except, of course, the market had lost 50% of its value when bush was in office. and the fed controls the money supply by setting interest rates but i guess if you're a right winger, this is the best you can do. Check the facts yourself athttp://www.google.com/finance?cid=983582 and don't listen to the liberal press. or the right wing press If you check the history of the markets obama is the third president in over 100 years that the market responded negatively when they were elected. strange, then, that the market is up 50% since he took office... Check the facts yourself athttp://www.google.com/finance?cid=983582 and don't listen to the liberal press.- the market was at 6000 when bush left office it's now at 10,000 since obama's president the facts speak for themselves You are relying on the obama's media for your information. The market was 8281 on the day when President Bush left office and obama was sworn in With the passage of the financial bailout the market experienced a slightly stabilization . After the 10 day pelosi plunge from 11500 to 8500, the market remained at about 8500 and was 8281 when obama was sworn in After obama was sworn in the market fell and closed on March 9 at 6547. Here is a more detailed break down of the DOW. http://www.google.com/finance/histor...=INDEXDJX:.DJI |
For those who care about "the markets..."
wf3h wrote:
On Oct 15, 9:34 am, Keith Nuttle wrote: If you do that you will really lose money. We stuck it out and have recovered a good chunk of money lost we lost in the pelosi plunge and obama slide. you mean the 50% increase in the market since bush left office and obama came in? The plunge and slide is blamed on President Bush, but he did not refuse to support the Constitutional mandate of providing a stable money supply as pelosi did when she killed the first bailout bill on September 28, 2008. In the next 12 days the market lost 30% of its value (from about 11500 to 8500) except, of course, the market had lost 50% of its value when bush was in office. and the fed controls the money supply by setting interest rates but i guess if you're a right winger, this is the best you can do. Check the facts yourself athttp://www.google.com/finance?cid=983582 and don't listen to the liberal press. or the right wing press If you check the history of the markets obama is the third president in over 100 years that the market responded negatively when they were elected. strange, then, that the market is up 50% since he took office... Check the facts yourself athttp://www.google.com/finance?cid=983582 and don't listen to the liberal press.- the market was at 6000 when bush left office it's now at 10,000 since obama's president the facts speak for themselves Got all your money back, right? |
For those who care about "the markets..."
On Oct 15, 10:09*am, Keith Nuttle wrote:
wf3h wrote: the market was at 6000 when bush left office it's now at 10,000 since obama's president the facts speak for themselves You are relying on the obama's media for your information. really? faux news and the 'washington times' are 'obama's media'? looks like you're a member of the tin foil hat crowd The market was 8281 on the day when President Bush left office and obama was sworn in With the passage of the financial bailout the market experienced a slightly stabilization . After the 10 day pelosi plunge from 11500 to 8500, the market remained at about 8500 and was 8281 when obama was sworn in After obama was sworn in the market fell and closed on March 9 at 6547. so you admit the market collapsed under bush thanks. i already knew that. don't rely on the right wing media for your news |
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On Oct 15, 10:16*am, Jim wrote:
wf3h wrote: it's now at 10,000 since obama's president the facts speak for themselves Got all your money back, right?- it's gonna take a LONG time to undo the damage bush and the right wing did to our country it's an economics thing. you wouldn't understand |
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wf3h wrote:
On Oct 15, 10:16 am, Jim wrote: wf3h wrote: it's now at 10,000 since obama's president the facts speak for themselves Got all your money back, right?- it's gonna take a LONG time to undo the damage bush and the right wing did to our country it's an economics thing. you wouldn't understand Just pulling your chain. Please. Don't try to explain it to me. |
For those who care about "the markets..."
wf3h wrote:
On Oct 15, 10:09 am, Keith Nuttle wrote: wf3h wrote: the market was at 6000 when bush left office it's now at 10,000 since obama's president the facts speak for themselves You are relying on the obama's media for your information. really? faux news and the 'washington times' are 'obama's media'? looks like you're a member of the tin foil hat crowd The market was 8281 on the day when President Bush left office and obama was sworn in With the passage of the financial bailout the market experienced a slightly stabilization . After the 10 day pelosi plunge from 11500 to 8500, the market remained at about 8500 and was 8281 when obama was sworn in After obama was sworn in the market fell and closed on March 9 at 6547. so you admit the market collapsed under bush thanks. i already knew that. don't rely on the right wing media for your news If you would read what I referenced it is the daily closing for the DOW for the last several year. That is not dependent on the obama news media. Again if you look at the DOW closing history, the financial bailout that was passed, stabilized the market after the pelosi plunge until obama took office, then it started the obama slide. |
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On Wed, 14 Oct 2009 18:54:11 -0700 (PDT), wf3h
wrote: On Oct 14, 6:07*pm, Vic Smith wrote: On Wed, 14 Oct 2009 17:45:08 -0400, H the K wrote: Dow closes above 10,000 for 1st time in a year By SARA LEPRO and TIM PARADIS, AP Business Writers NEW YORK ? When the Dow Jones industrial average first passed 10,000, traders tossed commemorative caps and uncorked champagne. This time around, the feeling was more like relief. The best-known barometer of the stock market entered five-figure territory again Wednesday, the most visible sign yet that investors believe the economy is clawing its way back from the worst downturn since the Depression. The milestone caps a stunning 53 percent comeback for the Dow since early March, when stocks were at their lowest levels in more than a decade. "It's almost like an announcement that the bear market is over," said Arthur Hogan, chief market analyst at Jefferies & Co. in Boston. "That is an eye-opener ? 'Hey, you know what, things must be getting better because the Dow is over 10,000.'" Cheers went up briefly when the Dow eclipsed the milestone in the early afternoon, during a daylong rally driven by encouraging earnings reports from Intel Corp. and JPMorgan Chase & Co. The average closed at 10,015.86, up 144.80 points. It was the first time the Dow had touched 10,000 since October 2008, that time on the way down. I'm sure the millions of unemployed are just tickled pink about this news. --Vic- Hide quoted text - - Show quoted text - obama can't repair ALL the damage bush did in a few short months... With the amount of money he's going through, he should be able to do a lot better than he is. Where are all the infrastructure projects he was going to get going? Keep believing. Just remember: Somewhere in Kenya, a village is missing its idiot. |
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On Oct 15, 11:32*am, John H. wrote:
On Wed, 14 Oct 2009 18:54:11 -0700 (PDT), wf3h wrote: obama can't repair ALL the damage bush did in a few short months... With the amount of money he's going through, he should be able to do a lot better than he is. meaningless. the fact is most of the money has not yet been spent Where are all the infrastructure projects he was going to get going? ROFLMAO!! you know, i'm an engineer and when i see an idiot like you make a comment like that, it just confirms my view of the right wing. you've never worked on an engineering project, have you? \ |
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On Oct 15, 11:31*am, Keith Nuttle wrote:
wf3h wrote: don't rely on the right wing media for your news If you would read what I referenced it is the daily closing for the *DOW for the last several year. That is not dependent on the obama news media. the BLS says the recession started in 12/07. regardless of your tin foil hat delusions. and bush was president Again if you look at the DOW closing history, the financial bailout that was passed, stabilized the market after the pelosi plunge until obama took office, then it started the obama slide obama slide? how is a 10,000 market a 'slide'? do right wingers know how to count? |
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On 10/15/09 11:50 AM, wf3h wrote:
On Oct 15, 11:32 am, John wrote: On Wed, 14 Oct 2009 18:54:11 -0700 (PDT), wrote: obama can't repair ALL the damage bush did in a few short months... With the amount of money he's going through, he should be able to do a lot better than he is. meaningless. the fact is most of the money has not yet been spent Where are all the infrastructure projects he was going to get going? ROFLMAO!! you know, i'm an engineer and when i see an idiot like you make a comment like that, it just confirms my view of the right wing. you've never worked on an engineering project, have you? \ Herring claims he was a combat engineer or something like that during the war he helped lose in Vietnam. Maybe he helped clear minefields. As an aside, I have seen signs in Maryland proclaiming that all or part of the projects being described was funded with stimulus funds. In Virginia, it took about 1 second to find this: Published:23-July-2009 By WCIN Staff Writer The Commonwealth of Virginia will receive $4.8 billion from ARRA. Individuals, private organizations and businesses, and local governments are also eligible for this funding. The infrastructure allocations include $123 million for highway safety and construction improvements; $116 million for regional transportation projects selected by regional planning organizations; $116 million for bridge replacement or repair; $114 million for pavement preservation and restoration; $96 million for road construction associated with the base realignment and closure (BRAC) process; $70 million for sewage plant work; $62 million for rail improvements; $28 million for urban transit projects; $21 million for transportation enhancement projects; $14 million for small urban transit projects; $19 million for clean drinking water projects; $8 million for "green" clean water projects; $4 million for rural transit projects, and $184 million for the Washington Metropolitan Area Transit Authority, shared with Maryland and Washington, DC. Timothy M. Kaine, Governor of Richmond, said, The projects will pay long-term dividends to all of us in the form of improved bridges and highways, railways and other transit, sewage treatment and drinking water. Herring, obviously, still has his head stuck way up his butt. -- http://tinyurl.com/ykaa4k7 |
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On Oct 15, 11:59*am, H the K wrote:
On 10/15/09 11:50 AM, wf3h wrote: On Oct 15, 11:32 am, John *wrote: On Wed, 14 Oct 2009 18:54:11 -0700 (PDT), wrote: obama can't repair ALL the damage bush did in a few short months... With the amount of money he's going through, he should be able to do a lot better than he is. meaningless. the fact is most of the money has not yet been spent Where are all the infrastructure projects he was going to get going? ROFLMAO!! you know, i'm an engineer and when i see an idiot like you make a comment like that, it just confirms my view of the right wing. you've never worked on an engineering project, have you? \ Herring claims he was a combat engineer or something like that during the war he helped lose in Vietnam. Maybe he helped clear minefields. As an aside, I have seen signs in Maryland proclaiming that all or part of the projects being described was funded with stimulus funds. In Virginia, it took about 1 second to find this: Published:23-July-2009 By WCIN Staff Writer The Commonwealth of Virginia will receive $4.8 billion from ARRA. exactly. they WILL receive funds...they then have to plan the project, get rights of way, buy property, order material...etc etc etc... the morons of the right assume that roads just drop out of the sky. the rest of us know they have to be built |
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On Oct 15, 11:51*am, wrote:
On Thu, 15 Oct 2009 09:34:37 -0400, Keith Nuttle wrote: It might be a good time to pick a "get out alive" price and place your sell orders. If you do that you will really lose money. *We stuck it out and have recovered a good chunk of money lost we lost in the pelosi plunge and obama slide. OK do what you want but I bet there is a correction and you can buy your position back for about 60-70%% of where it was when you sold it. Some day soon it will occur to Wall Street that the American consumer is broke. The fat cats may still be getting their bonuses but we still have double digit unemployment and worse "underemployment" where skilled trades are wearing orange aprons in empty Home Depots. Real recovery will start when the middle class recovers.That hasn't happened yet and we'll just keep voting the rich into office because they tell us they deserve to be rich |
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On 10/15/09 12:44 PM, wf3h wrote:
On Oct 15, 11:59 am, H the wrote: On 10/15/09 11:50 AM, wf3h wrote: On Oct 15, 11:32 am, John wrote: On Wed, 14 Oct 2009 18:54:11 -0700 (PDT), wrote: obama can't repair ALL the damage bush did in a few short months... With the amount of money he's going through, he should be able to do a lot better than he is. meaningless. the fact is most of the money has not yet been spent Where are all the infrastructure projects he was going to get going? ROFLMAO!! you know, i'm an engineer and when i see an idiot like you make a comment like that, it just confirms my view of the right wing. you've never worked on an engineering project, have you? \ Herring claims he was a combat engineer or something like that during the war he helped lose in Vietnam. Maybe he helped clear minefields. As an aside, I have seen signs in Maryland proclaiming that all or part of the projects being described was funded with stimulus funds. In Virginia, it took about 1 second to find this: Published:23-July-2009 By WCIN Staff Writer The Commonwealth of Virginia will receive $4.8 billion from ARRA. exactly. they WILL receive funds...they then have to plan the project, get rights of way, buy property, order material...etc etc etc... the morons of the right assume that roads just drop out of the sky. the rest of us know they have to be built Morons of the right is so...right. We certainly have a plethora of them in here...John Herring being a prime example. But...his buddy Scott Ingersoll is even dumber. -- http://tinyurl.com/ykaa4k7 |
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wrote in message
... On Thu, 15 Oct 2009 09:34:37 -0400, Keith Nuttle wrote: It might be a good time to pick a "get out alive" price and place your sell orders. If you do that you will really lose money. We stuck it out and have recovered a good chunk of money lost we lost in the pelosi plunge and obama slide. OK do what you want but I bet there is a correction and you can buy your position back for about 60-70%% of where it was when you sold it. Some day soon it will occur to Wall Street that the American consumer is broke. The fat cats may still be getting their bonuses but we still have double digit unemployment and worse "underemployment" where skilled trades are wearing orange aprons in empty Home Depots. Real recovery will start when the middle class recovers.That hasn't happened yet There will likely be a correction toward the end of the year. This is what I've heard from several sources. That doesn't mean it'll be a dramatic correction. Corrections are normal and expected. It's foolish in the extreme to attempt to time the market. The best strategy is dollar cost averaging and diversification, both domestically and in foreign markets. The technical recovery has begun, but unemployment will continue to climb, likely to 10 or even 11 percent. That, coupled with underemployment and a rise in foreclosures will likely continue for the next year or so. There's a demographic shift also going on to an older population, and this will continue to put pressure on the economy, as healthcare costs continue to rise unless something dramatic is done. My guess is that something fairly dramatic will be done regarding the insurance company cartel (they are exempt from anti-trust laws). This will likely get a lot of attention in the next few months. Certainly, over the next few years, the insurance companies will prove to the general public (and to Congress) that the current system is unsustainable, as many in both groups still don't believe it. When that happens, it would probably be best not to be heavily invested in such companies. Thus spake the Oracle. lol -- Nom=de=Plume |
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On 10/15/09 12:51 PM, nom=de=plume wrote:
wrote in message ... On Thu, 15 Oct 2009 09:34:37 -0400, Keith Nuttle wrote: It might be a good time to pick a "get out alive" price and place your sell orders. If you do that you will really lose money. We stuck it out and have recovered a good chunk of money lost we lost in the pelosi plunge and obama slide. OK do what you want but I bet there is a correction and you can buy your position back for about 60-70%% of where it was when you sold it. Some day soon it will occur to Wall Street that the American consumer is broke. The fat cats may still be getting their bonuses but we still have double digit unemployment and worse "underemployment" where skilled trades are wearing orange aprons in empty Home Depots. Real recovery will start when the middle class recovers.That hasn't happened yet There will likely be a correction toward the end of the year. This is what I've heard from several sources. That doesn't mean it'll be a dramatic correction. Corrections are normal and expected. It's foolish in the extreme to attempt to time the market. The best strategy is dollar cost averaging and diversification, both domestically and in foreign markets. The technical recovery has begun, but unemployment will continue to climb, likely to 10 or even 11 percent. That, coupled with underemployment and a rise in foreclosures will likely continue for the next year or so. There's a demographic shift also going on to an older population, and this will continue to put pressure on the economy, as healthcare costs continue to rise unless something dramatic is done. My guess is that something fairly dramatic will be done regarding the insurance company cartel (they are exempt from anti-trust laws). This will likely get a lot of attention in the next few months. Certainly, over the next few years, the insurance companies will prove to the general public (and to Congress) that the current system is unsustainable, as many in both groups still don't believe it. When that happens, it would probably be best not to be heavily invested in such companies. Thus spake the Oracle. lol I think the health insurers should lose their anti-trust exemptions. Frankly, I don't know what public purpose private, for-profit health insurers serve. -- http://tinyurl.com/ykaa4k7 |
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wf3h wrote:
On Oct 15, 11:59 am, H the K wrote: On 10/15/09 11:50 AM, wf3h wrote: On Oct 15, 11:32 am, John wrote: On Wed, 14 Oct 2009 18:54:11 -0700 (PDT), wrote: obama can't repair ALL the damage bush did in a few short months... With the amount of money he's going through, he should be able to do a lot better than he is. meaningless. the fact is most of the money has not yet been spent Where are all the infrastructure projects he was going to get going? ROFLMAO!! you know, i'm an engineer and when i see an idiot like you make a comment like that, it just confirms my view of the right wing. you've never worked on an engineering project, have you? \ Herring claims he was a combat engineer or something like that during the war he helped lose in Vietnam. Maybe he helped clear minefields. As an aside, I have seen signs in Maryland proclaiming that all or part of the projects being described was funded with stimulus funds. In Virginia, it took about 1 second to find this: Published:23-July-2009 By WCIN Staff Writer The Commonwealth of Virginia will receive $4.8 billion from ARRA. exactly. they WILL receive funds...they then have to plan the project, get rights of way, buy property, order material...etc etc etc... the morons of the right assume that roads just drop out of the sky. the rest of us know they have to be built Will you mutts please stop calling us names? Wasn't something said about money going to projects that are shovel ready? |
For those who care about "the markets..."
wf3h wrote:
On Oct 15, 11:51 am, wrote: On Thu, 15 Oct 2009 09:34:37 -0400, Keith Nuttle wrote: It might be a good time to pick a "get out alive" price and place your sell orders. If you do that you will really lose money. We stuck it out and have recovered a good chunk of money lost we lost in the pelosi plunge and obama slide. OK do what you want but I bet there is a correction and you can buy your position back for about 60-70%% of where it was when you sold it. Some day soon it will occur to Wall Street that the American consumer is broke. The fat cats may still be getting their bonuses but we still have double digit unemployment and worse "underemployment" where skilled trades are wearing orange aprons in empty Home Depots. Real recovery will start when the middle class recovers.That hasn't happened yet and we'll just keep voting the rich into office because they tell us they deserve to be rich You mutts need to start thinking for yourselves. |
For those who care about "the markets..."
H the K wrote:
On 10/15/09 12:44 PM, wf3h wrote: On Oct 15, 11:59 am, H the wrote: On 10/15/09 11:50 AM, wf3h wrote: On Oct 15, 11:32 am, John wrote: On Wed, 14 Oct 2009 18:54:11 -0700 (PDT), wrote: obama can't repair ALL the damage bush did in a few short months... With the amount of money he's going through, he should be able to do a lot better than he is. meaningless. the fact is most of the money has not yet been spent Where are all the infrastructure projects he was going to get going? ROFLMAO!! you know, i'm an engineer and when i see an idiot like you make a comment like that, it just confirms my view of the right wing. you've never worked on an engineering project, have you? \ Herring claims he was a combat engineer or something like that during the war he helped lose in Vietnam. Maybe he helped clear minefields. As an aside, I have seen signs in Maryland proclaiming that all or part of the projects being described was funded with stimulus funds. In Virginia, it took about 1 second to find this: Published:23-July-2009 By WCIN Staff Writer The Commonwealth of Virginia will receive $4.8 billion from ARRA. exactly. they WILL receive funds...they then have to plan the project, get rights of way, buy property, order material...etc etc etc... the morons of the right assume that roads just drop out of the sky. the rest of us know they have to be built Morons of the right is so...right. We certainly have a plethora of them in here...John Herring being a prime example. But...his buddy Scott Ingersoll is even dumber. You mutts seem to run in packs. |
For those who care about "the markets..."
wf3h wrote:
On Oct 15, 11:31 am, Keith Nuttle wrote: wf3h wrote: don't rely on the right wing media for your news If you would read what I referenced it is the daily closing for the DOW for the last several year. That is not dependent on the obama news media. the BLS says the recession started in 12/07. regardless of your tin foil hat delusions. and bush was president Again if you look at the DOW closing history, the financial bailout that was passed, stabilized the market after the pelosi plunge until obama took office, then it started the obama slide obama slide? how is a 10,000 market a 'slide'? do right wingers know how to count? The market started to reclaim what it had lost when obama suffered his first the small defeat at the hands of the congress in the middle of March 2009. Read the data. |
For those who care about "the markets..."
On Thu, 15 Oct 2009 12:56:58 -0400, wrote:
On Thu, 15 Oct 2009 11:51:58 -0400, wrote: On Thu, 15 Oct 2009 09:34:37 -0400, Keith Nuttle wrote: It might be a good time to pick a "get out alive" price and place your sell orders. If you do that you will really lose money. We stuck it out and have recovered a good chunk of money lost we lost in the pelosi plunge and obama slide. OK do what you want but I bet there is a correction and you can buy your position back for about 60-70%% of where it was when you sold it. Some day soon it will occur to Wall Street that the American consumer is broke. The fat cats may still be getting their bonuses but we still have double digit unemployment and worse "underemployment" where skilled trades are wearing orange aprons in empty Home Depots. Real recovery will start when the middle class recovers.That hasn't happened yet BTW another reason to get your sell orders in is to lock in your profits under the Bush capital gains rates. As soon as they get this health care deal settled, the next step is paying for it and capital gains will be one place they "stick it to the rich". Right now you only pay taxes on gains at a max of 15% and it is really even lower than that for most people. Plan on that creeping up to your ordinary income rate. Some of us have a very minor capital loss to apply to the gains. Maybe there's not such a reason to rush the sale yet. |
For those who care about "the markets..."
On Oct 15, 9:34*am, Keith Nuttle wrote:
If you do that you will really lose money. *We stuck it out and have recovered a good chunk of money lost we lost in the pelosi plunge and obama slide. guess he thinks obama's been president for 8 years.... seems the right's been in a coma for a long time...but not long enough The plunge and slide is blamed on President Bush, but he did not refuse to support the Constitutional mandate of providing a stable money supply as pelosi did when she killed the first bailout bill on September 28, 2008. *In the next 12 days the market lost 30% of its value (from about 11500 to 8500) the recession began in 12/07. and the BAILOUT bill was to correct MARKET FAILURES caused by the right wing. it's like complaining about a bandage your doctor is putting on to prevent bleeding to death. the right wing came after the middle class with a rwanda-like intent. Check the facts yourself athttp://www.google.com/finance?cid=983582 and don't listen to the liberal press. don't listen to the right wing press in this country... If you check the history of the markets obama is the third president in over 100 years that the market responded negatively when they were elected. *The market lost another 30% of its value from Election day November 4 2008 until March 10, 2009 when Congress gave obama his first defeat. (From 9000 to about 6500) the market was at 6500 when obama took office it's increase 50% |
For those who care about "the markets..."
On Thu, 15 Oct 2009 13:02:20 -0400, Jim wrote:
wf3h wrote: On Oct 15, 11:59 am, H the K wrote: On 10/15/09 11:50 AM, wf3h wrote: On Oct 15, 11:32 am, John wrote: On Wed, 14 Oct 2009 18:54:11 -0700 (PDT), wrote: obama can't repair ALL the damage bush did in a few short months... With the amount of money he's going through, he should be able to do a lot better than he is. meaningless. the fact is most of the money has not yet been spent Where are all the infrastructure projects he was going to get going? ROFLMAO!! you know, i'm an engineer and when i see an idiot like you make a comment like that, it just confirms my view of the right wing. you've never worked on an engineering project, have you? \ Herring claims he was a combat engineer or something like that during the war he helped lose in Vietnam. Maybe he helped clear minefields. As an aside, I have seen signs in Maryland proclaiming that all or part of the projects being described was funded with stimulus funds. In Virginia, it took about 1 second to find this: Published:23-July-2009 By WCIN Staff Writer The Commonwealth of Virginia will receive $4.8 billion from ARRA. exactly. they WILL receive funds...they then have to plan the project, get rights of way, buy property, order material...etc etc etc... the morons of the right assume that roads just drop out of the sky. the rest of us know they have to be built Will you mutts please stop calling us names? Wasn't something said about money going to projects that are shovel ready? It does seem like we've got a passle of decaying bridges where no land needs to be bought and no surveying needs to be done. |
For those who care about "the markets..."
On Oct 15, 1:25*pm, Keith Nuttle wrote:
wf3h wrote: On Oct 15, 11:31 am, Keith Nuttle wrote: wf3h wrote: don't rely on the right wing media for your news If you would read what I referenced it is the daily closing for the *DOW for the last several year. That is not dependent on the obama news media. the BLS says the recession started in 12/07. regardless of your tin foil hat delusions. and bush was president Again if you look at the DOW closing history, the financial bailout that was passed, stabilized the market after the pelosi plunge until obama took office, then it started the obama slide obama slide? how is a 10,000 market a 'slide'? do right wingers know how to count? The market started to reclaim what it had lost when obama suffered his first the small defeat at the hands of the congress in the middle of March 2009. the democratic congress that negotiated a recovery plan with the democratic president? yes, i agree. the democrats handle the economoy better than the GOP does. thanks. i already knew that |
For those who care about "the markets..."
On Thu, 15 Oct 2009 13:25:21 -0400, Keith Nuttle
wrote: wf3h wrote: On Oct 15, 11:31 am, Keith Nuttle wrote: wf3h wrote: don't rely on the right wing media for your news If you would read what I referenced it is the daily closing for the DOW for the last several year. That is not dependent on the obama news media. the BLS says the recession started in 12/07. regardless of your tin foil hat delusions. and bush was president Again if you look at the DOW closing history, the financial bailout that was passed, stabilized the market after the pelosi plunge until obama took office, then it started the obama slide obama slide? how is a 10,000 market a 'slide'? do right wingers know how to count? The market started to reclaim what it had lost when obama suffered his first the small defeat at the hands of the congress in the middle of March 2009. Read the data. The market's done quite well since we learned that the Olympics are not coming to Chicago. Heck, the market reaction to 'Bama's winning of the Peace Prize shows it has a keen sense of humor also. |
For those who care about "the markets..."
"H the K" wrote in message
m... On 10/15/09 12:51 PM, nom=de=plume wrote: wrote in message ... On Thu, 15 Oct 2009 09:34:37 -0400, Keith Nuttle wrote: It might be a good time to pick a "get out alive" price and place your sell orders. If you do that you will really lose money. We stuck it out and have recovered a good chunk of money lost we lost in the pelosi plunge and obama slide. OK do what you want but I bet there is a correction and you can buy your position back for about 60-70%% of where it was when you sold it. Some day soon it will occur to Wall Street that the American consumer is broke. The fat cats may still be getting their bonuses but we still have double digit unemployment and worse "underemployment" where skilled trades are wearing orange aprons in empty Home Depots. Real recovery will start when the middle class recovers.That hasn't happened yet There will likely be a correction toward the end of the year. This is what I've heard from several sources. That doesn't mean it'll be a dramatic correction. Corrections are normal and expected. It's foolish in the extreme to attempt to time the market. The best strategy is dollar cost averaging and diversification, both domestically and in foreign markets. The technical recovery has begun, but unemployment will continue to climb, likely to 10 or even 11 percent. That, coupled with underemployment and a rise in foreclosures will likely continue for the next year or so. There's a demographic shift also going on to an older population, and this will continue to put pressure on the economy, as healthcare costs continue to rise unless something dramatic is done. My guess is that something fairly dramatic will be done regarding the insurance company cartel (they are exempt from anti-trust laws). This will likely get a lot of attention in the next few months. Certainly, over the next few years, the insurance companies will prove to the general public (and to Congress) that the current system is unsustainable, as many in both groups still don't believe it. When that happens, it would probably be best not to be heavily invested in such companies. Thus spake the Oracle. lol I think the health insurers should lose their anti-trust exemptions. Frankly, I don't know what public purpose private, for-profit health insurers serve. It serves no purpose except to ensure their profits. I believe a couple of senators are circulating a bill to revote that status. -- Nom=de=Plume |
For those who care about "the markets..."
In article , says...
H the K wrote: On 10/15/09 12:44 PM, wf3h wrote: On Oct 15, 11:59 am, H the wrote: On 10/15/09 11:50 AM, wf3h wrote: On Oct 15, 11:32 am, John wrote: On Wed, 14 Oct 2009 18:54:11 -0700 (PDT), wrote: obama can't repair ALL the damage bush did in a few short months... With the amount of money he's going through, he should be able to do a lot better than he is. meaningless. the fact is most of the money has not yet been spent Where are all the infrastructure projects he was going to get going? ROFLMAO!! you know, i'm an engineer and when i see an idiot like you make a comment like that, it just confirms my view of the right wing. you've never worked on an engineering project, have you? \ Herring claims he was a combat engineer or something like that during the war he helped lose in Vietnam. Maybe he helped clear minefields. As an aside, I have seen signs in Maryland proclaiming that all or part of the projects being described was funded with stimulus funds. In Virginia, it took about 1 second to find this: Published:23-July-2009 By WCIN Staff Writer The Commonwealth of Virginia will receive $4.8 billion from ARRA. exactly. they WILL receive funds...they then have to plan the project, get rights of way, buy property, order material...etc etc etc... the morons of the right assume that roads just drop out of the sky. the rest of us know they have to be built Morons of the right is so...right. We certainly have a plethora of them in here...John Herring being a prime example. But...his buddy Scott Ingersoll is even dumber. You mutts seem to run in packs. Harry is real brave under his desk. He had his chance to meet up and get his beating this summer with me and loogie, but like most little bitches, he ran for the hills. Seems all of these far lefties are cowardly little bitches with nothing to add to much of anything... |
For those who care about "the markets..."
On 10/15/09 1:45 PM, Tosk wrote:
In , says... H the K wrote: On 10/15/09 12:44 PM, wf3h wrote: On Oct 15, 11:59 am, H the wrote: On 10/15/09 11:50 AM, wf3h wrote: On Oct 15, 11:32 am, John wrote: On Wed, 14 Oct 2009 18:54:11 -0700 (PDT), wrote: obama can't repair ALL the damage bush did in a few short months... With the amount of money he's going through, he should be able to do a lot better than he is. meaningless. the fact is most of the money has not yet been spent Where are all the infrastructure projects he was going to get going? ROFLMAO!! you know, i'm an engineer and when i see an idiot like you make a comment like that, it just confirms my view of the right wing. you've never worked on an engineering project, have you? \ Herring claims he was a combat engineer or something like that during the war he helped lose in Vietnam. Maybe he helped clear minefields. As an aside, I have seen signs in Maryland proclaiming that all or part of the projects being described was funded with stimulus funds. In Virginia, it took about 1 second to find this: Published:23-July-2009 By WCIN Staff Writer The Commonwealth of Virginia will receive $4.8 billion from ARRA. exactly. they WILL receive funds...they then have to plan the project, get rights of way, buy property, order material...etc etc etc... the morons of the right assume that roads just drop out of the sky. the rest of us know they have to be built Morons of the right is so...right. We certainly have a plethora of them in here...John Herring being a prime example. But...his buddy Scott Ingersoll is even dumber. You mutts seem to run in packs. Harry is real brave under his desk. He had his chance to meet up and get his beating this summer with me and loogie, but like most little bitches, he ran for the hills. Seems all of these far lefties are cowardly little bitches with nothing to add to much of anything... Wow....you and loogie were hanging out together? What a stench that must have created. I was in Connecticut for a couple of days this past summer, but I had no reason to visit your part of the state. You know where I live...if you try to break in some night, you know exactly who you will meet. -- http://tinyurl.com/ykaa4k7 |
For those who care about "the markets..."
"Tosk" wrote in message
... In article , says... H the K wrote: On 10/15/09 12:44 PM, wf3h wrote: On Oct 15, 11:59 am, H the wrote: On 10/15/09 11:50 AM, wf3h wrote: On Oct 15, 11:32 am, John wrote: On Wed, 14 Oct 2009 18:54:11 -0700 (PDT), wrote: obama can't repair ALL the damage bush did in a few short months... With the amount of money he's going through, he should be able to do a lot better than he is. meaningless. the fact is most of the money has not yet been spent Where are all the infrastructure projects he was going to get going? ROFLMAO!! you know, i'm an engineer and when i see an idiot like you make a comment like that, it just confirms my view of the right wing. you've never worked on an engineering project, have you? \ Herring claims he was a combat engineer or something like that during the war he helped lose in Vietnam. Maybe he helped clear minefields. As an aside, I have seen signs in Maryland proclaiming that all or part of the projects being described was funded with stimulus funds. In Virginia, it took about 1 second to find this: Published:23-July-2009 By WCIN Staff Writer The Commonwealth of Virginia will receive $4.8 billion from ARRA. exactly. they WILL receive funds...they then have to plan the project, get rights of way, buy property, order material...etc etc etc... the morons of the right assume that roads just drop out of the sky. the rest of us know they have to be built Morons of the right is so...right. We certainly have a plethora of them in here...John Herring being a prime example. But...his buddy Scott Ingersoll is even dumber. You mutts seem to run in packs. Harry is real brave under his desk. He had his chance to meet up and get his beating this summer with me and loogie, but like most little bitches, he ran for the hills. Seems all of these far lefties are cowardly little bitches with nothing to add to much of anything... You sound like a paper tiger... I sincerely doubt you'd have the guts to say anything like this to my face, and I'm not much of a match physically. It sure is easy to lie when you don't have to face someone. You must be quite the manly man with women. -- Nom=de=Plume |
For those who care about "the markets..."
"John H." wrote in message
... On Thu, 15 Oct 2009 13:02:20 -0400, Jim wrote: wf3h wrote: On Oct 15, 11:59 am, H the K wrote: On 10/15/09 11:50 AM, wf3h wrote: On Oct 15, 11:32 am, John wrote: On Wed, 14 Oct 2009 18:54:11 -0700 (PDT), wrote: obama can't repair ALL the damage bush did in a few short months... With the amount of money he's going through, he should be able to do a lot better than he is. meaningless. the fact is most of the money has not yet been spent Where are all the infrastructure projects he was going to get going? ROFLMAO!! you know, i'm an engineer and when i see an idiot like you make a comment like that, it just confirms my view of the right wing. you've never worked on an engineering project, have you? \ Herring claims he was a combat engineer or something like that during the war he helped lose in Vietnam. Maybe he helped clear minefields. As an aside, I have seen signs in Maryland proclaiming that all or part of the projects being described was funded with stimulus funds. In Virginia, it took about 1 second to find this: Published:23-July-2009 By WCIN Staff Writer The Commonwealth of Virginia will receive $4.8 billion from ARRA. exactly. they WILL receive funds...they then have to plan the project, get rights of way, buy property, order material...etc etc etc... the morons of the right assume that roads just drop out of the sky. the rest of us know they have to be built Will you mutts please stop calling us names? Wasn't something said about money going to projects that are shovel ready? It does seem like we've got a passle of decaying bridges where no land needs to be bought and no surveying needs to be done. And, many are in process and many are planned for as soon as the money arrives. This is common knowledge, but I suppose if you keep denying it, then it must not be true. -- Nom=de=Plume |
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