Tracking the next pandemic: Avian Flu Talk |
OT: looks like tough times ahead for Stock Market? |
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waterboy
Valued Member Joined: January 21 2008 Status: Offline Points: 8170 |
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TOMORROWTOMORROWTOMORROWTHEMARKETSWILLTANK!
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LaRo
Valued Member Joined: March 14 2008 Status: Offline Points: 350 |
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Turbo dude, you should stay in for the long run, what happens if it hits 2000, sound crazy, not so since we're headed for hyper inflation. You might see 5000 gold?
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r we there yet?
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waterboy
Valued Member Joined: January 21 2008 Status: Offline Points: 8170 |
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YES I AGREE BUY METALS$$$$$$$$
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Turboguy
Admin Group Joined: October 27 2007 Status: Offline Points: 6079 |
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Yeah but I got antsy and wanted to buy another gun. I'm weak...
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Guests
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Bought my first Bullion coins today.
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coyote
Admin Group Joined: April 25 2007 Location: United States Status: Offline Points: 8395 |
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AP
Bernanke Testimony Turns Stocks Lower Wednesday April 2, 10:24 am ET By Joe Bel Bruno, AP Business Writer Wall Street Pulls Back As Bernanke Says Economy May Weaken in the First Half of This Year NEW YORK (AP) -- Wall Street pulled back Wednesday after Federal Reserve Chairman Ben Bernanke told Congress the economy may weaken in the first half of the year, a trend that would mean the U.S. is in a recession. ADVERTISEMENT Bernanke's prepared testimony to Congress' Joint Economic Committee was viewed as the closest he has come to suggesting the possibility of a recession caused by tightening credit markets, a slumping housing industry, and recent problems in the financial sector. The Fed chairman also offered no assurances of further interest rate cuts this year, and that likely disappointed some investors, leading them to start collecting profits from Tuesday's huge gain. The market began the second quarter with a big rally, sending the Dow Jones industrials up nearly 400 points, on renewed confidence the worst of the credit crisis was over. But, there is still great uncertainty about the economy -- and Bernanke's hinting at a recession was unnerving to the market, which last week gave up ground on worries that consumers were cutting back on their spending. Still, after such a big advance, some profit-taking was also to be expected. In midmorning trading, the Dow Jones industrials fell 33.14, or 0.26 percent, to 12,621.22. Broader indexes also dipped. The Standard & Poor's 500 index fell 3.02, or 0.22 percent, to 1,367.16; and the Nasdaq composite index fell 3.02, or 0.13 percent, to 2,359.73. Treasury bonds, which are considered safe during times of recession, stalled as Bernanke was giving comments before Congress. The 10-year Treasury note's yield, which moves opposite its price, was unchanged from late Tuesday's 3.55 percent. Oil prices were steady, with a barrel of light sweet crude up 20 cents at $101.18 on the New York Mercantile Exchange. The dollar was mixed against other major currencies, while gold fell slightly. Though numerous economists have said they believe a recession is under way, Fed officials generally are cautious when describing the economy. A recession consists of at least two consecutive quarters of economic contraction and can only be declared in hindsight. Bernanke outlined some of the steps taken in the past few weeks to help boost the financial positions of the nation's biggest investment banks. He offered that a failure of Bear Stearns Cos. would have been difficult to contain, and that was one reason why the Fed orchestrated the investment bank's sale to JPMorgan Chase & Co. last month. Investors also weighed fresh economic data that indicated factory orders in the U.S. have fallen for a second straight month. The Commerce Department said orders dropped by 1.3 percent in February, about double the downturn that economists had been expecting. In corporate news, Best Buy Co. said its fourth-quarter profit slipped 3 percent as customer traffic slowed after the holidays. But, the electronics retailer still beat Wall Street estimates, and shares rose $1.71, or 4 percent, to $45.18. The Russell 2000 index of smaller companies declined 2.24, or 0.32 percent, to 708.41. Declining issues barely outpaced advancers on the New York Stock Exchange, where volume came to 127.8 million shares. Overseas, Tokyo's Nikkei index closed up 4.21 percent. There were gains on European bourses too, with London's FTSE 100 rising 0.08 percent, Frankfurt's DAX advancing 0.31 percent and Paris' CAC 40 gaining 0.23 percent. New York Stock Exchange: http://www.nyse.com Nasdaq Stock Market: http://www.nasdaq.com |
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Long time lurker since day one to Member.
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waterboy
Valued Member Joined: January 21 2008 Status: Offline Points: 8170 |
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Good job they will go up in value,and so will this.... http://artec-inc.net/home.htm
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waterboy
Valued Member Joined: January 21 2008 Status: Offline Points: 8170 |
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It looks like the market will tank tomorrow! BewaRE............
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H2HPrep
Valued Member Joined: March 14 2008 Status: Offline Points: 325 |
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Hey Waterboy, you may have a better return on your investment if you buy metals instead of medals. |
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waterboy
Valued Member Joined: January 21 2008 Status: Offline Points: 8170 |
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I got Olympic medals in advance of the Olympics in China at a HUGE discount,cause the Olympic games will not take place in China this summer. Call fast though there running out.I got all the Gold ones at half price. The Chinese Government needed the money to hire stronger forces to fight the Dali Lamas.Plus today they had to run more ads in the newspaper cause "TERRORISTS"are threatening to kidnap athletes,and foriegn media.Can you believe it the terrorists are now looking more Asian? You cant tell them apart from the rest of the Chinese? There going to not just disrupt the games,but cause them to be canceled.Cancel your flight,or did you by mistake make reservations with American airlines? That wont matter anyway,cause theyll be canceling that flight too? Good luck!! PS BUY THIS!!!!!! www.artec-inc.net ATKJ.PK Youll be VERY happy you did....$$$$$$
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waterboy
Valued Member Joined: January 21 2008 Status: Offline Points: 8170 |
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ONE WORD GE......General Electric
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waterboy
Valued Member Joined: January 21 2008 Status: Offline Points: 8170 |
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One word general electric.
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waterboy
Valued Member Joined: January 21 2008 Status: Offline Points: 8170 |
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Where did you go H2H?
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H2HPrep
Valued Member Joined: March 14 2008 Status: Offline Points: 325 |
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Busy rubbing shoulders with the investerati of the
NYSE, NASDAQ, AMEX, NYMEX & NYBOT
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waterboy
Valued Member Joined: January 21 2008 Status: Offline Points: 8170 |
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Cool can I rub shoulders too or are they really out of my league?You ought to tell them all to be buying www.artec-inc.net Its only a matter of time now!
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waterboy
Valued Member Joined: January 21 2008 Status: Offline Points: 8170 |
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Whats this week going to bring? Does anyone have any idea?
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LaRo
Valued Member Joined: March 14 2008 Status: Offline Points: 350 |
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More of the same, i don't think anything earthshaking will happen. No matter what happens, if it is bad the Fed and it's friends will be well taken care of. If the stock market looks like it is going to tank, you can bet lots of stocks will be purchased by the government to keep the stock market above 12,000. Price of oil - who knows. Most of us are unable to invest short or long to make a difference, so just stay out of the commodities. This is not the time to be on margin. Gold and silver, same thing, if you want to own it, now's a good time to buy, prices are low but the commodity can make and will continue to make large swings either direction. Buy the real thing but don't have margin. Financials my guess is we'll see more of the same, large wirte off's and the stock market going up instead of down each time. Maybe citibank will write off the other 90 billion in bad loans they have, but probably not, just a little at a time. Personally, i'm going to be on the side lines watching the action.
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r we there yet?
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waterboy
Valued Member Joined: January 21 2008 Status: Offline Points: 8170 |
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Buffet says were not at the bottom yet? Watch for slow downs and lows in the market this week. Unless oil prices drop sharply. The recession will start looking very serious. With oil prices rising this week????? Forget it get out of the market. 2000 will repeat itself all over again 10 times faster.
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coyote
Admin Group Joined: April 25 2007 Location: United States Status: Offline Points: 8395 |
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Stocks heading down today..
Markets » Updated: 10:50 am ET, June 02 -137.27 (-1.09%) Dow 12,501.05 -26.93 (-1.07%) Nasdaq 2,495.73 -12.77 (-0.91%) S&P 1,387.61 |
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Long time lurker since day one to Member.
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waterboy
Valued Member Joined: January 21 2008 Status: Offline Points: 8170 |
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I think this week will be difficult for the stock market.
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Penham
Chief Moderator Moderator Joined: February 09 2006 Location: United States Status: Offline Points: 14913 |
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What do you think is going to happen?
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waterboy
Valued Member Joined: January 21 2008 Status: Offline Points: 8170 |
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CRASH....
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coyote
Admin Group Joined: April 25 2007 Location: United States Status: Offline Points: 8395 |
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Long time lurker since day one to Member.
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setag
Valued Member Joined: May 03 2007 Status: Offline Points: 274 |
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From Reuters
Greenspan says U.S. economy on brink of recessionTue Jun 24, 2008 9:10am EDT
JOHANNESBURG (Reuters) - Former U.S. Federal Reserve Chairman Alan Greenspan warned on Tuesday the U.S. economy was "on the brink" of a recession. He said via video link to an investment conference in Johannesburg the chances of that economy falling into recession were more than 50 percent and a rebound was unlikely. Asked if the U.S. economy was in recession, Greenspan said: "We are on the brink". "A rebound at this stage is not something I think is in the immediate outlook," he added. |
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"Good fortune is what happens when opportunity meets with planning." - Thomas Alva Edison
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coyote
Admin Group Joined: April 25 2007 Location: United States Status: Offline Points: 8395 |
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CRASH.... ??? Probably not this week.
Something big would probably have to happen in order to make it crash. A major attack against Iran would probably cause it. |
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Long time lurker since day one to Member.
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setag
Valued Member Joined: May 03 2007 Status: Offline Points: 274 |
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U.S. consumer confidence plunges again
By Ruth Mantell Last update: 10:00 a.m. EDT June 24, 2008 WASHINGTON (MarketWatch) -- U.S. consumer confidence plunged in June to reach its fifth lowest reading ever, the Conference Board reported Tuesday, as expectations reached a record low. |
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"Good fortune is what happens when opportunity meets with planning." - Thomas Alva Edison
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coyote
Admin Group Joined: April 25 2007 Location: United States Status: Offline Points: 8395 |
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Faster Inflation May Unleash `Financial Tsunami':
By Mark Gilbert June 24 (Bloomberg) -- Rising consumer prices will leave more U.S. consumers unable to pay their debts and may lead to a ``financial tsunami,'' according to Bennet Sedacca, president of money manager Atlantic Advisors LLC in Winter Park, Florida. ``Whether it is anecdotal or statistical evidence, I see inflation everywhere, and this is where the financial tsunami cometh,'' Sedacca wrote in a report published yesterday. ``A battered, over-indebted consumer, if forced to retrench, could create even more problems for the banking system as loan delinquencies would begin to rise even further. All sorts of delinquencies are rising. This is now a systemic issue.'' The four-part chart of the day shows how U.S. householders are struggling to pay their home loans. The top white chart shows the surge in delinquencies on all mortgages, while the yellow one measures foreclosures. The green chart tracks delinquencies on subprime adjustable-rate mortgages, and the purple one shows subprime mortgages that are 60 days behind on their payments. Sedacca wrote that current financial-market conditions remind him of ``someone standing on a lonely beach, armed with only a small bucket, trying to stop a rare tsunami that hits the shores. It is how I feel about our markets and the tools being utilized by the Federal Reserve, the European Central Bank and other regulatory bodies. They are overmatched for what they are facing and, worse yet, they helped create the mess in the first place by being far too easy with money and debt creation.'' To contact the reporter on this story: Mark Gilbert in London at magilbert@bloomberg.net |
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Long time lurker since day one to Member.
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waterboy
Valued Member Joined: January 21 2008 Status: Offline Points: 8170 |
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Todays a bad day on Wall Street.
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Albert
Admin Joined: April 24 2006 Status: Offline Points: 47746 |
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- 200 + oil is up nearly $4.00 today
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H2HPrep
Valued Member Joined: March 14 2008 Status: Offline Points: 325 |
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Drill Here, Drill Now, Pay Less. (and have a reliable source)
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Fringe
Valued Member Joined: June 12 2008 Status: Offline Points: 5 |
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Unfortunatly it's not that easy......
1. It takes a minimum of five years to get a well online and that is pushing it.
2. There is a serious equipment shortage. We are talking years worth of backorders.
3. Where are all the - trained - people going to come from to drill/operate these wells?
A great article in Time Mag....
"even if tomorrow we opened up every square mile of the outer Continental Shelf to offshore rigs, even if we drilled the entire state of Alaska and pulled new refineries out of thin air, the impact on gas prices would be minimal and delayed at best..... The reason is simple: the U.S. has an estimated 3% of global petroleum reserves, but consumes 24% of the world's oil. Offshore territories and public lands like ANWR that don't allow drilling may contain up to 75 billion barrels of oil, according to the EIA. That may sound like a lot, but it's not enough to make a significant difference in a world where global oil demand is expected to rise 30% by 2030, to nearly 120 million barrels a day...." Time.com |
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H2HPrep
Valued Member Joined: March 14 2008 Status: Offline Points: 325 |
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The point is to become energy independent.
We are buying the life blood of our economy from a war zone,
owned by our enemies and then shipping it half way areound the world.
There is no one solution. It will take some conservation, drilling the OCS,
converting coal to gas, mine the shale in the Rockies, drill ANWR, add generators
to our existing dams, use wind generation, use tide generation, solar, more use of alternative energy cars and the entrepreneural genius that is the U.S.
No, it's not easy but what in real life is?
The Manhattan Project was completed in 5 years.
We developed a successful moon space craft in 9 years
using slide-rule technology.
There is a guy sitting at a monitor right now using a joy
stick to manipulate a robot to dig for water on MARS.
I think we can quickly get to the point to tell our enemies to
drink their oil and pound their sand.
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Hotair
Valued Member Joined: March 17 2006 Location: United States Status: Offline Points: 667 |
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I read in newsweek yesterday that we should expect 7.00/gal by 2012 with a lot of fluctations in between.Right now the air is so bad in Calif. that they are reccomending no one be out in it for very long--which means no bike riding.
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H2HPrep
Valued Member Joined: March 14 2008 Status: Offline Points: 325 |
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Oil went up $5.00 per barrel in the last 24 hours. |
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Ok so the logic is Fringe...just wait because it will take too long to drill for oil?
We don't drill now we will be in bigger trouble 10 years from now. Americans never learn in the 1970 we had an oil embargo and Detroit made smaller cars for 5 years then went back to the big hummers, government gave credits for solar for a few years and then quit! Well we are back to the 1970's again only dumber! Now our Congress will let foreign countries drill but not the USA! |
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MelodyAtHome
Valued Member Joined: May 16 2006 Location: United States Status: Offline Points: 2018 |
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I think we will be at $7 a gallon way before 2012. Oil prices are just going NUTS...and it's not going to stop...inflation is everywhere...it's a runaway train. This is not good...not just the US.
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Melody
Emergency Preparedness 911 http://emergencypreparedness911.blogspot.com/ |
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LaRo
Valued Member Joined: March 14 2008 Status: Offline Points: 350 |
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I think i saw predictions of $7 by 2010, so I have to make my own, $10 by 2010. I am looking at the run away inflation we are having along with the rest of the world. I'm not sure it's a bad thing because it will make more people start to conserve energy, possible inspire them to plant a garden, learn how to can food, and basically learn how to stock up for a rainy day. Other benefits will be solar will finally become our energy source. And i'm sure youall can figure out other "lights at the end of the tunnel".
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r we there yet?
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coyote
Admin Group Joined: April 25 2007 Location: United States Status: Offline Points: 8395 |
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DOW JONES PLUNGES 350 -- LOWEST POINT SINCE 2006...
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Long time lurker since day one to Member.
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H2HPrep
Valued Member Joined: March 14 2008 Status: Offline Points: 325 |
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Oil rising by $2.00 an hour this morning.
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ParanoidMom
Valued Member Joined: December 17 2006 Location: United States Status: Offline Points: 1655 |
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I just read that this June was worse than any other since the Great Depression. If that wasn't just a little unnerving!
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But the souls of the righteous are in the hand of the Lord
Wisdom of Solomon 3:1 |
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H2HPrep
Valued Member Joined: March 14 2008 Status: Offline Points: 325 |
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"These are days when many are discouraged. In the 93 years of my life, depressions have come and gone. Prosperity has always returned and will again.”[
John D. Rockefeller - 1929
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LaRo
Valued Member Joined: March 14 2008 Status: Offline Points: 350 |
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Just a few statistics to go along with all the good news:
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r we there yet?
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LaRo
Valued Member Joined: March 14 2008 Status: Offline Points: 350 |
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I hope this guy is wrong.
http://www.kitcocasey.com/displayArticle.php?id=2117 |
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r we there yet?
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MelodyAtHome
Valued Member Joined: May 16 2006 Location: United States Status: Offline Points: 2018 |
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LaRo...I agree with you. I think it will be more like $10 in 2010 rather than $7...$7 will be here by 2009 sometime unless things turn around somehow...but then again...what do I know...LOL
Melody
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Melody
Emergency Preparedness 911 http://emergencypreparedness911.blogspot.com/ |
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waterboy
Valued Member Joined: January 21 2008 Status: Offline Points: 8170 |
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Oil will hit $150.00 by friday spinning the stock market out of control. Not likes of these things seen since 1929.
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