Yuck

[DavidS]

Down almost 300 at 3:00 p.m.

http://finance.yahoo.com/q?s=^DJI

 

[driveby]

Ok, do we get a speech from the president today stating that it's not clear the stimulus plan is working ? ......

 

[wimpy77]

im not even gonna respond to the above post. the market is due for a pullback. doug kass wrote to his clients that he think the pullback is gonna be 5 to 7% over the next two weeks. BAC while they made a profit had to write down because of credit card defaults. this is to be expected since the unemployment rate is going up. besides who didn't think this market wasn't ready for a corrective pullback?

 

[driveby]

Oh, so when it goes up, the stimulus is working ! When it goes down, it's due for a pullback....

 

[wimpy77]

i have never said a damn thing about the fucking stimulus you complete fucking retard.

 

[driveby]

Your President did, clown ......

 

[WorldAHope]

Oh, so when it goes up, the stimulus is working ! When it goes down, it's due for a pullback....

It has nothing to do with Stimulus or Obama policies. The Stim money has yet to be disbursed, is not in circulation, yet. The market is reflecting pre-existing to Obama's term weaknesses and worries.

The seeds have to sprout and grow and come to fruition before you are allowed to declare the crop to be a failure.
Anyone who knows anything about the real world will tell you that.

 

[Yukon]

I can hardly wait til interest rates take off as they did in the early 80's. Ill be rich...........

 

[driveby]

Oh, so when it goes up, the stimulus is working ! When it goes down, it's due for a pullback....

It has nothing to do with Stimulus or Obama policies. The Stim money has yet to be disbursed, is not in circulation, yet. The market is reflecting pre-existing to Obama's term weaknesses and worries.

The seeds have to sprout and grow and come to fruition before you are allowed to declare the crop to be a failure.
Anyone who knows anything about the real world will tell you that.

See post 6 .....

 

[DavidS]

Ok, do we get a speech from the president today stating that it's not clear the stimulus plan is working ? ......

State governors have to actually implement the stimulus in order for it to work. Obama's approved the money - the states have to fund projects that are open. They're taking their sweet time doing it too. Especially the Republican ones.

 

[DavidS]

I can hardly wait til interest rates take off as they did in the early 80's. Ill be rich...........

Hate to say it, but he's right. That's the next recession that we'll be in just like 1982.

 

[Yukon]

Right now I'm getting < 2% interest.

 

[driveby]

Right now I'm getting < 2% interest.

More interest than your posts..........

 

[editec]

You mean we're NOT going to see the DOW hit 10,000 this summer?

I'm shocked.

 

[Burp]

It has nothing to do with the stimulus. The New York Times reported the U.S. government may convert preferred shares in some banks into common stock to provide more capital. This gives the government a controlling stake in banks and hurts existing shareholders by lowering the value of their shares.

Investor's heard this and ran.

 

[wimpy77]

went back 127 today helped by geithner's statement that apparently the stress tests went better than expected and according to him most banks have more capital than needed. it also helped that he said that banks like goldman and jpmorgan could pay their tarp money back is they could do it without hurting their business.

 

[DavidS]

went back 127 today helped by geithner's statement that apparently the stress tests went better than expected and according to him most banks have more capital than needed. it also helped that he said that banks like goldman and jpmorgan could pay their tarp money back is they could do it without hurting their business.

I'm surprised we had a bad day yesterday. It's time to artificially inflate the price of bank stocks so we can all sell them Friday when it's revealed that JP Morgan, Wells Fargo, Bank of America and Citibank couldn't withstand 10% unemployment and other economic factors that the stress test puts them through.

I say Citi reaches $4 by Thursday closing bell and then crashes to $2.50 same time on Friday.

 

[Yukon]

Your Banks are owned by the government. The USA is now the United Socialists of America.

 

[wimpy77]

Your Banks are owned by the government. The USA is now the United Socialists of America.

you are pretty much right.

 

[manu1959]

Your Banks are owned by the government. The USA is now the United Socialists of America.

i think you have that exactly backwards.....