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Dow up!!!!

Mike

Well-known member
Banks & Insurance companies are smokin'.

It's all a game of confidence. Til now, there has been none lately.

Have a feeling Zer0 will figure a way to screw this up too. You know, "Rich" people bad.
 

TexasBred

Well-known member
reader (the Second) said:
Amazing that there's a dark lining in every silver cloud for some people.

I for one am happy and hope that the trend of last week and today continue.

Heck I hope it goes back to 14,000....but only if we do not have to compromise our free market system.
 

kolanuraven

Well-known member
TexasBred said:
kolanuraven said:
Homes sales up 5%.....market up 1200 in 2 wks.......best since November

Yep...fire sales. Hundreds of thousands available that for years had been grossly overvalued.


You just can't take good news at face value can you? :roll: :roll: :roll:
 

TexasBred

Well-known member
kolanuraven said:
TexasBred said:
kolanuraven said:
Homes sales up 5%.....market up 1200 in 2 wks.......best since November

Yep...fire sales. Hundreds of thousands available that for years had been grossly overvalued.


You just can't take good news at face value can you? :roll: :roll: :roll:

Of course I can...I simply clarified the "why" of it. A simple fact there are bargains to be had. A great time to buy.
 

Ben H

Well-known member
I read a series of predictions a couple months ago for 2009, it predicted that the stock market would climb a little with a significant drop this spring. People would start buying at the low again and will slowly climb until fall where we will see a huge drop, more severe then what we have seen as of yet.
 

Larrry

Well-known member
read a series of predictions a couple months ago for 2009, it predicted that the stock market would climb a little with a significant drop this spring. People would start buying at the low again and will slowly climb until fall where we will see a huge drop, more severe then what we have seen as of yet.
I think this hits it by what I have read. A sort of complacency will set in that will put people in the buying mood. Then once the impact is felt of the erkel(sp) financial plan sets in, watch out.
 

allen57

Well-known member
TexasBred said:
reader (the Second) said:
Amazing that there's a dark lining in every silver cloud for some people.

I for one am happy and hope that the trend of last week and today continue.

Heck I hope it goes back to 14,000....but only if we do not have to compromise our free market system.

Yeah, me too. Another week of days like today and I can break even.
 

hypocritexposer

Well-known member
Just think, the 'toxic asset" plan was part of the first TARP. Why was it not implemented then?

I think they left it until now, so they could get some other things accomplished (stimulus, record deficit budget), while the population was frightened half to death. Who did that?

Obama had his buddy Timmy to do the dirty work, so they didn't need to confirm anyone else, I bet they bring them on staff now, that they have done the social re-engineering that they had planned all along!
 

aplusmnt

Well-known member
reader (the Second) said:
Amazing that there's a dark lining in every silver cloud for some people.

I for one am happy and hope that the trend of last week and today continue.

I also hope in continues. Most likely it is a Bear rally, but I hope I am wrong and it turns Bullish. The average recession is usually over about this time, and would have probably already been so if the Liberals would not have beat a dead horse so they could get some big Social spending passed while the dark clouds were still there.

Hopefully Obama is ready to quit the spending and let the economy recover. Problem though is just how serious of damage has he done for the future. How big of an affect will his spending have on our Children's Children.

You can not spend more in a couple months than a big spender like Bush did in 8 years and there not be some problems down the road!

Hyper inflation is the next big worry. My parents experienced the hard times that came under a large inflation in the Carter days. Home loans with 17% interest. If that kind of thing hits in future it may make today's times look like the good old days.
 

Ben H

Well-known member
If we stop spending now, I think we'll hit a depression. If we keep spending we'll hit a depression anyway but likely collapse the dollar.

We need to get the pain over with. The computer is locked up, stop punching the keys, you need to re-start it.
 

TSR

Well-known member
hypocritexposer said:
** The Obama stock market had its worst January in 113 years.
** The stock market had its worst February since 1933.
** The Dow has dropped faster under Obama than any other new president in 90 years.
** Actually, the stock market has turned in its worst performance ever for a new president under Barack Obama.

And everything was in such great shape when he took office. Geez.
 

Sandhusker

Well-known member
TSR said:
hypocritexposer said:
** The Obama stock market had its worst January in 113 years.
** The stock market had its worst February since 1933.
** The Dow has dropped faster under Obama than any other new president in 90 years.
** Actually, the stock market has turned in its worst performance ever for a new president under Barack Obama.

And everything was in such great shape when he took office. Geez.

He can thank his own party for that.
 

Mike

Well-known member
TSR said:
hypocritexposer said:
** The Obama stock market had its worst January in 113 years.
** The stock market had its worst February since 1933.
** The Dow has dropped faster under Obama than any other new president in 90 years.
** Actually, the stock market has turned in its worst performance ever for a new president under Barack Obama.

And everything was in such great shape when he took office. Geez.

The Dow hit it's all time high just before the Dems took over Congress.

It was all downhill from there out.............................. :roll:
 

TSR

Well-known member
Sandhusker said:
TSR said:
hypocritexposer said:
** The Obama stock market had its worst January in 113 years.
** The stock market had its worst February since 1933.
** The Dow has dropped faster under Obama than any other new president in 90 years.
** Actually, the stock market has turned in its worst performance ever for a new president under Barack Obama.

And everything was in such great shape when he took office. Geez.

He can thank his own party for that.

You did read the Times article didn't you?
 

TexasBred

Well-known member
Don't you think it's about time the Prez. quit complaining about what he inherited?? He knew what he was going to inherit long before he got the job yet he stayed in the race. He assured everyone he had a plan. America is waiting with great expectations and getting more and more impatient each day.. It's time for him to keep his mug off the TV and in the office working on the problems of this country, regardless of who may have caused them, why it all happened and anything else. Just go to work within the framework of the Constituton of the United States.
 

hypocritexposer

Well-known member
Quantitative easing is the word or a euphemism for monetization or the printing of money, to buy U.S. Treasuries or debt by the Federal Reserve. Why this attempt at debasing the dollar would be deemed as a reason to buy stocks is beyond me. Once again the herd mentality is well and alive-- jump on the bandwagon and buy because everyone else is buying. This rally will fail and meet the same fate as its predecessors. Why am I so confident in my prediction? It is high valuations and low demand. Valuations are not low enough in most sectors to support a sustained rally. That is especially true in, the often lusted after, technology stocks. Not only are valuations high but the outlook for earnings is negative and the economy is deteriorating. Just because some stocks are down 50% from their all time highs does not mean that they are undervalued or that they make good investments.

http://www.financialsense.com/editorials/abdallah/2009/0324.html
 

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