Click to Translate to English Click to Translate to French  Click to Translate to Spanish  Click to Translate to German  Click to Translate to Italian  Click to Translate to Japanese  Click to Translate to Chinese Simplified  Click to Translate to Korean  Click to Translate to Arabic  Click to Translate to Russian  Click to Translate to Portuguese  Click to Translate to Myanmar (Burmese)

PANDEMIC ALERT LEVEL
123456
Forum Home Forum Home > Main Forums > General Discussion
  New Posts New Posts RSS Feed - OT: looks like tough times ahead for Stock Market?
  FAQ FAQ  Forum Search   Events   Register Register  Login Login

Now tracking the new emerging South Africa Omicron Variant

OT: looks like tough times ahead for Stock Market?

 Post Reply Post Reply Page  <1 1617181920 22>
Author
Message
waterboy View Drop Down
Valued Member
Valued Member


Joined: January 21 2008
Status: Offline
Points: 8170
Post Options Post Options   Thanks (0) Thanks(0)   Quote waterboy Quote  Post ReplyReply Direct Link To This Post Posted: October 27 2008 at 6:56pm

Gee whiz.. Did you see how well the markets did today?

Back to Top
Albert View Drop Down
Admin
Admin


Joined: April 24 2006
Status: Offline
Points: 47746
Post Options Post Options   Thanks (0) Thanks(0)   Quote Albert Quote  Post ReplyReply Direct Link To This Post Posted: October 29 2008 at 5:49am
I would say we'll be down -300 today, unless, the U.S. continues to dump more money into the market.   Is the U.S. bailing out the banks, or is the idea to pump up the market by injecting money?  Probably both.
 
 
Back to Top
LaRo View Drop Down
Valued Member
Valued Member
Avatar

Joined: March 14 2008
Status: Offline
Points: 350
Post Options Post Options   Thanks (0) Thanks(0)   Quote LaRo Quote  Post ReplyReply Direct Link To This Post Posted: October 29 2008 at 6:01am
The plunge protection team has been in place for awhile and they are not part of the $700 billion giveaway (now being used to bailout the banks).
r we there yet?
Back to Top
Albert View Drop Down
Admin
Admin


Joined: April 24 2006
Status: Offline
Points: 47746
Post Options Post Options   Thanks (0) Thanks(0)   Quote Albert Quote  Post ReplyReply Direct Link To This Post Posted: October 29 2008 at 12:52pm
Gas prices came back in a matter of 90 days.  Who knows .... Maybe the market will do the same.  Thumbs%20Up
 
 
Back to Top
MelodyAtHome View Drop Down
Valued Member
Valued Member
Avatar

Joined: May 16 2006
Location: United States
Status: Offline
Points: 2018
Post Options Post Options   Thanks (0) Thanks(0)   Quote MelodyAtHome Quote  Post ReplyReply Direct Link To This Post Posted: October 29 2008 at 4:35pm
I've been watching the stock market for years and I have NEVER seen it so volatile like this. Like a rollercoaster ride! LOL. There is more excitement then any scarey movie...that's for sure!
Melody
Melody
Emergency Preparedness 911
http://emergencypreparedness911.blogspot.com/
Back to Top
Kilt2 View Drop Down
Adviser Group
Adviser Group
Avatar

Joined: December 17 2007
Status: Offline
Points: 7414
Post Options Post Options   Thanks (0) Thanks(0)   Quote Kilt2 Quote  Post ReplyReply Direct Link To This Post Posted: October 29 2008 at 11:00pm
 
The price of houses is still crashing
 
The economy is still going into recession
 
People are still losing their jobs
 
Dead cat bounces mean nothing in bear markets
 
The debt bubble is stopping people from borrowing more
 
The consumer confidence is still at a 42 year low
 
The consumer spending in the US which is 70% of the entire economy is slowing and that spells disaster
And I looked, and behold a pale horse: and his name that sat on him was Death, and Hell followed with him.
Back to Top
Guests View Drop Down
Guest Group
Guest Group
Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 30 2008 at 6:18am
goes to show ..if the U.S. Govt is so out of touch they allow Corps to trash our middle class

(cake and well done! certificates instead of raises, no pensions, or health care) Bright Boy,

allows an unregulated market to disappear retiree's gains then goes off to head up his

buddy's Hedge Fund...and to top it off ... local state and federal Govt. taxes them to

death..nothing is left to fuel the economy. 

Kind of like the Koreans, big war machine, lousy economy.
Back to Top
coyote View Drop Down
Admin Group
Admin Group
Avatar

Joined: April 25 2007
Location: United States
Status: Offline
Points: 8395
Post Options Post Options   Thanks (0) Thanks(0)   Quote coyote Quote  Post ReplyReply Direct Link To This Post Posted: October 30 2008 at 6:33am
October 30th, 2008
Economy moves into reverse
Posted: 08:54 AM ET

NEW YORK (CNNMoney.com) — The nation’s economy slammed into reverse in the third quarter, as the government’s initial reading of economic activity in the period declined.

The gross domestic product, the broadest measure of the nation’s economy, fell at an annual rate of 0.3 percent in the period. That compared with a 2.8 percent growth rate in the second quarter, when economic stimulus checks and strong exports spurred by a weak dollar resulted in solid growth that vanished in the latest reading.

The decline wasn’t quite as bad as forecasts. Economists surveyed by Briefing.com had estimated GDP would plunge 0.5 percent. But the fall was the weakest performance for the economy since the last recession seven years ago.

By Chris Isidore
CNNMoney.com senior writer
Long time lurker since day one to Member.
Back to Top
Guests View Drop Down
Guest Group
Guest Group
Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 30 2008 at 6:44am

Consumer spending
, which accounts for two-thirds of the economy, dropped by the largest amount in 28 years in the third quarter.


source
http://news.yahoo.com/s/ap/financial_meltdown
Back to Top
coyote View Drop Down
Admin Group
Admin Group
Avatar

Joined: April 25 2007
Location: United States
Status: Offline
Points: 8395
Post Options Post Options   Thanks (0) Thanks(0)   Quote coyote Quote  Post ReplyReply Direct Link To This Post Posted: October 30 2008 at 6:55am
And the stocks are up.. Makes no sense..
Long time lurker since day one to Member.
Back to Top
Albert View Drop Down
Admin
Admin


Joined: April 24 2006
Status: Offline
Points: 47746
Post Options Post Options   Thanks (0) Thanks(0)   Quote Albert Quote  Post ReplyReply Direct Link To This Post Posted: October 30 2008 at 7:16am
The government is trying to "pump up" the market to get people investing again.  It's similar to a pump and dump, but hopefully nobody will dump at the end.  On Monday, they announced news of the money being injected into the banks, which is to get the pump going and to get people investing.  As the momentum builds and as they move into positive territory, they then announced the interest rate cut to keep it going, and to keep people excited ....  The problem is that they're running out of good news to keep the pump going, which is usually when it begins to crash.   Cutting the interest rates and injecting money into the market this week is giving people a false sense of excitement and security, which is usually followed by panic when it doesn't work.    
Back to Top
Guests View Drop Down
Guest Group
Guest Group
Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 30 2008 at 7:28am

"... the hedge-fund industry - lords of havoc..."



Yes, the US economy is still the biggest in the world and changes in US interest rates affect the entire global financial system. But there is something very dark indeed at the heart of this story and it is called the hedge-fund industry - lords of havoc who, a consensus is building, have the potential to be responsible for the next great crash - and nobody knows what to do about it.


Howard Davies, then chairman of Britain's Financial Services Authority (FSA), admitted in 2000 that hedge funds were not very well understood by policy-makers and regulators, but then added: "That is not astonishing in one sense, in that if we do not regulate it, we need know less about it. But it is clear that if we are interested in systemic stability, we cannot ignore a sector which can mobilise around the same volume of assets as the US commercial banking sector."


When Dr Ben Bernanke, chairman of the US Federal Reserve, the most important financial supervisor of all, was quizzed by the US Senate banking committee about whether derivatives - complex financial instruments liberally used by hedge funds - should be regulated, he commented: "Derivatives, for the most part, aretraded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and use them properly." This statement came pretty close to admitting that regulators don't have a clue what is going on and are therefore powerless to regulate the funds. Given their sheer size and increasing influence, this is stunning - and scary.


Hedge funds are private investment funds, primarily organised as limited partnerships - in essence, betting syndicates for the very rich. The amount of money they handle, in so far as anyone can estimate this, is mind-bogglingly large. The IMF's best estimate is $1trn; industry professionals reckon $1.5trn. If hedge funds were a country, it would be the eighth-largest in the world. To invest in one of these funds, you have to put in a minimum of $1m, although that initial investment is chicken feed compared with what can be earned - if that is the right verb for what amounts to global-scale gambling. The US Institutional Investor Magazine reckons that the top 25 hedge-fund managers in 2005 earned on average $251m each in 2004 - compared with $10m for the CEO of a typical top 500 US corporation.


Hedge funds are not new - just notorious. They started to take off properly in the late 1970s when floating exchange rates and volatile interest-rate movements transformed the capital markets, and gathered momentum as technology and electronic trading became increasingly quick and soph isticated. The funds were - and are - run typically by a tight group of traders, backed usually by fewer than a hundred individuals prepared to commit a great deal of money into their hands. Today, it is estimated that there are 9,000 funds and what started as a US phenomenon is spreading - though the FSA estimates that there are at present only 325 hedge funds based in the UK.


The key features of these funds are that they trade in eye-watering risk and they are barely regulated. The two are related. Because they answer to nobody but themselves, hedge funds have side-stepped regulation and can do as they like. What they like is risk - and their main tool is "leverage" - borrowing to play the markets. It is not unusual for a hedge-fund investor to control $100m in securities with only a $5m down payment. Of course, that means that when a bet goes wrong, it goes spectacularly wrong. If the hedge-fund industry's positions in the market are 20 times the cash they actually hold, their potential impact on the world financial system is about equal to US GDP.


That is why the emerging-market stock markets have taken such a battering over the past two months. Hedge funds poured money into emerging markets in the search for high returns, able to borrow billions relatively cheaply while interest rates were low. But as soon as the cost of borrowing increased they had to bail out rapidly, leaving the developing economies to clean up the mess.


Of course, recent losses were preceded by spectacular gains. India's stock market had doubled in two years, hailed by the country's leaders as proof that the Indian economy had taken off. For some, at least, it has - but the stock-market boom has greatly exaggerated India's progress. There have been huge inflows of equity investment from foreign investment banks and hedge funds and a large portion of that money came not from New York, London or Frankfurt, but from Mauritius, an Indian Ocean island that just happens to be a tax haven.


Yet no economy can possibly benefit in the long term from a tsunami of "hot money" crashing in and rolling out as fast as it had arrived.


Excerpt from...


Sell-out: Why hedge funds will destroy the world

Janet Bush

Published 31 July 2006 (all the big boys got out early on,fall 06, spring 07)

please read full article here

http://www.newstatesman.com/200607310033


Back to Top
coyote View Drop Down
Admin Group
Admin Group
Avatar

Joined: April 25 2007
Location: United States
Status: Offline
Points: 8395
Post Options Post Options   Thanks (0) Thanks(0)   Quote coyote Quote  Post ReplyReply Direct Link To This Post Posted: October 30 2008 at 7:35am
American Express, hammered by the credit crisis, says it will slash 7,000 jobs as part of a drastic cost-cutting initiative. Cnn
Long time lurker since day one to Member.
Back to Top
coyote View Drop Down
Admin Group
Admin Group
Avatar

Joined: April 25 2007
Location: United States
Status: Offline
Points: 8395
Post Options Post Options   Thanks (0) Thanks(0)   Quote coyote Quote  Post ReplyReply Direct Link To This Post Posted: October 30 2008 at 7:49am
Hmmmmmm. Now steadily dropping.
Long time lurker since day one to Member.
Back to Top
Guests View Drop Down
Guest Group
Guest Group
Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 30 2008 at 7:54am



Exxon Mobil posts biggest US quarterly profit ever



HOUSTON -

Exxon Mobil Corp., the world's largest publicly traded oil company, reported income Thursday that shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83 billion in the third quarter.

source
http://news.yahoo.com/s/ap/20081030/ap_on_bi_ge/earns_exxon_mobil
............

Exxon Mobil posts biggest US quarterly profit ever [AP Financial News]
(30 Oct 2008 10:35:00 EDT)
HOUSTON_Exxon Mobil Corp., the world's largest publicly traded oil company, reported income Thursday that shattered its own record for the biggest profit from operations by a U.S. corporation, earning $14.83 billion in the third quarter. The Irving, Texas-based company has reported unprecedented back-to-back quarters, the end of the most recent coinciding with a rapid plunge in crude prices.




.......................................................................................

Back to Top
Evergreen View Drop Down
Admin Group
Admin Group
Avatar
Location: Washington

Joined: March 30 2006
Location: United States
Status: Offline
Points: 770
Post Options Post Options   Thanks (0) Thanks(0)   Quote Evergreen Quote  Post ReplyReply Direct Link To This Post Posted: October 30 2008 at 11:34am
This is how we are going to get back on our feet - sort of like "trickle down economics" (tongue in cheek) D

Thursday, Oct 30 2008
Goldman Sachs ready to hand out 7bn salary and bonus package... after its 6bn bail-out

By Simon Duke
Last updated at 8:55 AM on 30th October 2008

U.S. investment bank Goldman Sachs HQ which has set aside £7bn for bonuses and salaries this year
Goldman Sachs is on course to pay its top City bankers multimillion-pound bonuses - despite asking the U.S. government for an emergency bail-out.

The struggling Wall Street bank has set aside 7billion for salaries and 2008 year-end bonuses, it emerged yesterday.

Each of the firm's 443 partners is on course to pocket an average Christmas bonus of more than £3million.

The size of the pay pool comfortably dwarfs the £6.1billion lifeline which the U.S. government is throwing to Goldman as part of its £430billion bail-out.

As Washington pours money into the bank, the cash will immediately be channelled to Goldman's already well-heeled employees.

News of the firm's largesse will revive the anger over the 'rewards for failure' culture endemic in the world of high finance.

The same bankers who have brought the global economy to its knees seem to pocketing the same kind of rewards they got during the boom years.

Gordon Brown has vowed to crack down on the culture of greed in the City as part of his £500billion bail-out of the UK banking industry.

But that won't affect the estimated 100 London partners working at Goldman Sachs's London headquarters.

The firm - known as Golden Sacks for the bumper bonuses it pay its top bankers - is expected to cut the payouts by a third this year. However, profits are

falling much faster. Earnings have plunged 47 per cent so far this year amid the worst financial crisis since the Great Depression.

This has wiped more than 50 per cent off the company's market value.

The news comes after it was revealed that even bankers working for collapsed Wall Street giant, Lehman Brothers, could receive huge payouts.

Its 10,000 U.S. staff are expected to share a £1.5billion bonus pool. The payouts were agreed as part of the rescue takeover of Lehman's American arm by Barclays last month.

The blockbuster handouts caused consternation among London employees of the firm, many of whom have now lost their jobs.

Even workers at the nationalised Northern Rock will scoop bonuses worth up to £50million over the next three years.

The extraordinary handouts include more than £400,000 for Rock's boss, Gary Hoffman, who is likely to become Britain's best-paid public sector worker.

The majority of Northern Rock's 4,000 workers will receive four separate bonus payments - the first of

which will be made next March. Staff will get an extra 10 per cent on top of their basic salary.

Lloyds TSB also intends to pay its employees bonuses despite taking a £5.5 billion emergency cash injection from the taxpayer.

News of Goldman's bonus plan came as the firm promoted 92 of its bankers to partner level. A quarter are based in Fleet Street, London.

Partnership is the holy grail of the investment banking world as the exclusive club shares around a fifth of the firm's total bonus pool.

New York Attorney General Andrew Cuomo last night warned that Wall Street firms taking government-money risk breaking the law if they hand the cash straight back to employees.

Cash-strapped workers are being penalised by pay rises which are far below the soaring cost of living, research reveals today.

Despite inflation soaring to a 16-year-high of 5.2 per cent, the average worker got a pay rise of just 3.8 per cent in September.

The research, from the pay specialists Incomes Data Services, highlights the financial problems facing millions of workers.

Most of their household bills, particularly food and fuel, are rocketing by up to 35 per cent. However, their meagre pay rise does not begin to cover the extra cost.

The majority of the 50 pay settlements investigated by IDS were in the private sector covering around 1.1million employees.

They range from just 2 per cent for workers at the BBC to 5.3 per cent for workers at a firm of dockyard workers.

Incomes Data Services warned pay rises are likely to fall even further over the coming year as inflation is expected to drop sharply.

Economists predict inflation will fall below the Government's 2 per cent target next year.


Find this story at www.dailymail.co.uk/news/worldnews/article-1081624/Goldman-Sachs-ready-hand-7BILLION-salary-bonus-package--6bn-bail-out.html

© 2008 Associated Newspapers Ltd
235365 - Energy follows thought.   As you think, so you are.
Back to Top
Guests View Drop Down
Guest Group
Guest Group
Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: October 31 2008 at 8:45am


From Reason.com.
Back to Top
endman View Drop Down
V.I.P. Member
V.I.P. Member
Avatar

Joined: February 16 2006
Status: Offline
Points: 1232
Post Options Post Options   Thanks (0) Thanks(0)   Quote endman Quote  Post ReplyReply Direct Link To This Post Posted: October 31 2008 at 2:37pm
After printing so much cash the 20 to 30 percent inflation is around the corner.
They will try to kill housing prices with inflation then maybe I can afford to buy a house for 900K
Back to Top
Guests View Drop Down
Guest Group
Guest Group
Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: November 01 2008 at 7:18am

VIDEO-

Wall Street's Shadow Market
...................................................................................................................

AT-

http://www.cbsnews.com/video/watch/?id=4502673n
Back to Top
Hotair View Drop Down
Valued Member
Valued Member
Avatar

Joined: March 17 2006
Location: United States
Status: Offline
Points: 667
Post Options Post Options   Thanks (0) Thanks(0)   Quote Hotair Quote  Post ReplyReply Direct Link To This Post Posted: November 01 2008 at 9:02am
I woke up thinking this morning that Wall Street doesn't have a clue what main street is doing---and has no reason to care. 
Back to Top
Guests View Drop Down
Guest Group
Guest Group
Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: November 01 2008 at 9:30am
VIDEO
.........................

http://www.cbsnews.com/video/watch/?id=4502673n

Criminal neglect, enriched themseleves, it' a crime.

The Market, worth...

60 Trillion.... 4 times the National Debt....  Unregulated, Hidden... leveraged bets.... we all

need to work together.... these are very useful transactions....they didn't understand the

underlying risk...it's the side bets... they pushed the button themseleves, they blew themselves up...


Back to Top
coyote View Drop Down
Admin Group
Admin Group
Avatar

Joined: April 25 2007
Location: United States
Status: Offline
Points: 8395
Post Options Post Options   Thanks (0) Thanks(0)   Quote coyote Quote  Post ReplyReply Direct Link To This Post Posted: November 05 2008 at 9:52am
Dow Jones       9324.21       -301.07 Maybe wall street doesn't like Obama?     
Long time lurker since day one to Member.
Back to Top
Albert View Drop Down
Admin
Admin


Joined: April 24 2006
Status: Offline
Points: 47746
Post Options Post Options   Thanks (0) Thanks(0)   Quote Albert Quote  Post ReplyReply Direct Link To This Post Posted: November 05 2008 at 12:36pm
Originally posted by coyote coyote wrote:

Dow Jones       9324.21       -301.07 Maybe wall street doesn't like Obama?     
 
Maybe so, and also because people realize that he won't be in office until Late January so nothing will change until a few months from now.   My guess is that the market won't "begin" to recover until around next March, or around 90 days after Obama has been in office. 
 
   
Back to Top
LaRo View Drop Down
Valued Member
Valued Member
Avatar

Joined: March 14 2008
Status: Offline
Points: 350
Post Options Post Options   Thanks (0) Thanks(0)   Quote LaRo Quote  Post ReplyReply Direct Link To This Post Posted: November 06 2008 at 5:08am
Sometimes it pays to get a look at everything from a different point of view.

http://www.leap2020.eu/GEAB-N-28-is-available!-Global-systemic-crisis-Alert-Summer-2009-The-US-government-defaults-on-its-debt_a2250.html
r we there yet?
Back to Top
Albert View Drop Down
Admin
Admin


Joined: April 24 2006
Status: Offline
Points: 47746
Post Options Post Options   Thanks (0) Thanks(0)   Quote Albert Quote  Post ReplyReply Direct Link To This Post Posted: November 06 2008 at 5:36am
Could be another ugly day for the market ..... 
Back to Top
DANNYKELLEY View Drop Down
Admin Group
Admin Group
Avatar

Joined: May 01 2007
Location: United States
Status: Offline
Points: 2785
Post Options Post Options   Thanks (0) Thanks(0)   Quote DANNYKELLEY Quote  Post ReplyReply Direct Link To This Post Posted: November 06 2008 at 6:33am
Censoredwhats new?My sales are down 70%!!!!!!
WHAT TO DO????
Back to Top
Albert View Drop Down
Admin
Admin


Joined: April 24 2006
Status: Offline
Points: 47746
Post Options Post Options   Thanks (0) Thanks(0)   Quote Albert Quote  Post ReplyReply Direct Link To This Post Posted: November 06 2008 at 8:47am

Ouch.. sorry to hear that DK.  

Back to Top
LaRo View Drop Down
Valued Member
Valued Member
Avatar

Joined: March 14 2008
Status: Offline
Points: 350
Post Options Post Options   Thanks (0) Thanks(0)   Quote LaRo Quote  Post ReplyReply Direct Link To This Post Posted: November 06 2008 at 9:33am
I don't know if the Plunge Protection Team has stopped working  since the democrats are taking over.  I was watching yesterday and  usually between 2:30 and 3, you'd see the stock market start to recover, which indicated they started to  buy stock, however yesterday they didn't, let's see if it happens again today.
r we there yet?
Back to Top
Guests View Drop Down
Guest Group
Guest Group
Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: November 06 2008 at 10:16am
VIDEOS...

http://cosmos.bcst.yahoo.com/up/player/popup/?rn=289004&cl=10559319&src=finance&ch=633473
Back to Top
Albert View Drop Down
Admin
Admin


Joined: April 24 2006
Status: Offline
Points: 47746
Post Options Post Options   Thanks (0) Thanks(0)   Quote Albert Quote  Post ReplyReply Direct Link To This Post Posted: November 07 2008 at 5:51am
We could see another dip in the market today.  The unemployment numbers are out. 
 
 
November 07, 2008
Nonfarm payroll employment fell by 240,000 in October. Job losses over the last 3 months totaled 651,000. In October, the unemployment rate rose from 6.1 to 6.5 percent, and the number of unemployed persons increased to 10.1 million.
 
 
GM and Ford are also reporting earnings today.   This should turn the "dip" in to more of a "plunge". 
 
 
Back to Top
Guests View Drop Down
Guest Group
Guest Group
Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: November 07 2008 at 6:16am


yes, quite a shock to go from

2007, 4.6     to   2008, 6.1 to 6.5


source
http://www.infoplease.com/ipa/A0104719.html


2002
, 5.8.

2003
, 6.0%.

2004 , 5.5.

2005
, 5.1.

2006, 4.6.

2007
, 4.6                 in 1958 it was 6.8%  ...1991, 6.8.......1992, 7.5.....1993, 6.9


I don't recall numbers being that high in the 90's.


not good in the 80's

1976      7.7
1978     6.1
1980     7.1
1982     9.7
1984     7.5
1986     7.0


......................................................................................................................

Anyone hear rumblings of GM and Ford teaming up?

VIDEO
..........

http://www.youtube.com/watch?v=ZdgZ2HsBjGc



Back to Top
Guests View Drop Down
Guest Group
Guest Group
Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: November 07 2008 at 8:58am
http://cosmos.bcst.yahoo.com/up/player/popup/?rn=289004&cl=10575082&src=finance&ch=4043681

in this video....  they talk about a JOBLESS RATE     worst in 20 yrs

unemployment rate was much worse in the 80's ...90's

..................................................................................................................

The New York Times has finally deigned to report on the fact that the Bureau of Labor's unemployment rate (aka "headline unemployment") does an incomplete job of capturing the proportion of the population out of work.

The article by Floyd Norris, "Many More Are Jobless Than Are Unemployed," is less than complete. Despite its professed objective of shedding light on how the official unemployment releases understate the extent of inability to find work, the article curiously gives short shrift to explaining how employment data is captured.

Nevertheless, it does provide a very useful chart that shows how what the Times calls the jobless rate, which is the proportion of the population without jobs, versus with the published unemployment rate:

source
http://www.nakedcapitalism.com/2008/04/quelle-surprise-unemployment-stats-dont.html

Back to Top
coyote View Drop Down
Admin Group
Admin Group
Avatar

Joined: April 25 2007
Location: United States
Status: Offline
Points: 8395
Post Options Post Options   Thanks (0) Thanks(0)   Quote coyote Quote  Post ReplyReply Direct Link To This Post Posted: November 07 2008 at 11:20am
We could see another dip in the market today. The unemployment numbers are out.


November 07, 2008
Nonfarm payroll employment fell by 240,000 in October. Job losses over the last 3 months totaled 651,000. In October, the unemployment rate rose from 6.1 to 6.5 percent, and the number of unemployed persons increased to 10.1 million.

http://www.bls.gov/CPS/

GM and Ford are also reporting earnings today.   This should turn the "dip" in to more of a "plunge".




The stock market doesn't make any sense anymore does it? I fail to understand it.. with all the bed news it should have dropped like a rock today. Must have been the plunge protection team? If so how long can they keep doing this?
Long time lurker since day one to Member.
Back to Top
MelodyAtHome View Drop Down
Valued Member
Valued Member
Avatar

Joined: May 16 2006
Location: United States
Status: Offline
Points: 2018
Post Options Post Options   Thanks (0) Thanks(0)   Quote MelodyAtHome Quote  Post ReplyReply Direct Link To This Post Posted: November 07 2008 at 9:39pm
With all the bad news that came out then the markets go up? What's with that? It's just nuts how it's been going lately. I don't understand anymore.
Melody
Melody
Emergency Preparedness 911
http://emergencypreparedness911.blogspot.com/
Back to Top
LaRo View Drop Down
Valued Member
Valued Member
Avatar

Joined: March 14 2008
Status: Offline
Points: 350
Post Options Post Options   Thanks (0) Thanks(0)   Quote LaRo Quote  Post ReplyReply Direct Link To This Post Posted: November 08 2008 at 7:20am
there is one agency with enough money to finance a hot market when everyone is running for the exit and that is the treasury, their assistant is the federal reserve.  Between the two of them they have manipulated the commodities market (oil included) and have been managing and manipulating the stock market.  Since it is being manipulated, this is a good time to realize you should be completely sold out of both.

As insiders, the manipulators, can make money in an up or down market.  Since you aren't an insider, your chances of making money in the commodities market or stock market is very slim.

One day the manipulators will crash the stock market, setting off a storm of selling., then the manipulators and their agents will buy everything for pennies on the dollar.  Read up on the Rothchilds, they did this years ago and that is how they took over england.   History has a bad habit of repeating.

We have railroad cars with shackels  to hold prisioners, we have concentration camps across the US.  I really don't believe thise were created to handle the bird flu victum.  I think these were created to handle protestors and rioters in the coming financial storm.
r we there yet?
Back to Top
MelodyAtHome View Drop Down
Valued Member
Valued Member
Avatar

Joined: May 16 2006
Location: United States
Status: Offline
Points: 2018
Post Options Post Options   Thanks (0) Thanks(0)   Quote MelodyAtHome Quote  Post ReplyReply Direct Link To This Post Posted: November 08 2008 at 8:35am

La Ro...what do you mean railroad cars with shackels? I have not heard of this. I'd like to know more about where you get your info so I can get better educated or any videos. I have found several interesting ones on youtube.

I started a topic for videos. Can you post it there if you have any? I'm sure we'd all love to learn more what is going on around us.

Melody
Emergency Preparedness 911
http://emergencypreparedness911.blogspot.com/
Back to Top
Guests View Drop Down
Guest Group
Guest Group
Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: November 08 2008 at 11:45am
you should be completely sold out of both.
.............................................................................

If one has solid blue chips/energy just wait for them to go back up.  Never sell low.
Even people who have a ton of GE (retired) kept it, as they receive dividends on it.  And hope it will go back up at some point.  In 2001 a lot of blues were low but had gone back to good numbers by 2006-2007.  Sometimes it takes as long as five years.

Back to Top
Guests View Drop Down
Guest Group
Guest Group
Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: November 08 2008 at 12:48pm
Originally posted by MelodyAtHome MelodyAtHome wrote:

La Ro...what do you mean railroad cars with shackels?

These look like auto transports to me with chains that have "eye rings" on them used to secure the vehicles.
I have heard rumors of the railroad cars with shackels and also the boarder detention centers. I do not know this person or know the validity of this report. Annie
 
 
 
"The power of the Executive to cast a man into prison without formulating any charge known to the law, and particularly to deny him the judgment of his peers, is in the highest degree odious and is the foundation of all totalitarian government whether Nazi or Communist."

 
- Winston Churchill, Nov. 21, 1943

Since 9/11, and seemingly without the notice of most Americans, the federal government has assumed the authority to institute martial law, arrest a wide swath of dissidents (citizen and noncitizen alike), and detain people without legal or constitutional recourse in the event of "an emergency influx of immigrants in the U.S., or to support the rapid development of new programs."

Beginning in 1999, the government has entered into a series of single-bid contracts with Halliburton subsidiary Kellogg, Brown and Root (KBR) to build detention camps at undisclosed locations within the United States. The government has also contracted with several companies to build thousands of railcars, some reportedly equipped with shackles, ostensibly to transport detainees.

According to diplomat and author Peter Dale Scott, the KBR contract is part of a Homeland Security plan titled ENDGAME, which sets as its goal the removal of "all removable aliens" and "potential terrorists."

Fraud-busters such as Rep. Henry Waxman, D-Los Angeles, have complained about these contracts, saying that more taxpayer dollars should not go to taxpayer-gouging Halliburton. But the real question is: What kind of "new programs" require the construction and refurbishment of detention facilities in nearly every state of the union with the capacity to house perhaps millions of people?

Sect. 1042 of the 2007 National Defense Authorization Act (NDAA), "Use of the Armed Forces in Major Public Emergencies," gives the executive the power to invoke martial law. For the first time in more than a century, the president is now authorized to use the military in response to "a natural disaster, a disease outbreak, a terrorist attack or any other condition in which the President determines that domestic violence has occurred to the extent that state officials cannot maintain public order."

The Military Commissions Act of 2006, rammed through Congress just before the 2006 midterm elections, allows for the indefinite imprisonment of anyone who donates money to a charity that turns up on a list of "terrorist" organizations, or who speaks out against the government's policies. The law calls for secret trials for citizens and noncitizens alike.

Also in 2007, the White House quietly issued National Security Presidential Directive 51 (NSPD-51), to ensure "continuity of government" in the event of what the document vaguely calls a "catastrophic emergency." Should the president determine that such an emergency has occurred, he and he alone is empowered to do whatever he deems necessary to ensure "continuity of government." This could include everything from canceling elections to suspending the Constitution to launching a nuclear attack. Congress has yet to hold a single hearing on NSPD-51.

U.S. Rep. Jane Harman, D-Venice (Los Angeles County) has come up with a new way to expand the domestic "war on terror." Her Violent Radicalization and Homegrown Terrorism Prevention Act of 2007 (HR1955), which passed the House by the lopsided vote of 404-6, would set up a commission to "examine and report upon the facts and causes" of so-called violent radicalism and extremist ideology, then make legislative recommendations on combatting it.

According to commentary in the Baltimore Sun, Rep. Harman and her colleagues from both sides of the aisle believe the country faces a native brand of terrorism, and needs a commission with sweeping investigative power to combat it.

A clue as to where Harman's commission might be aiming is the Animal Enterprise Terrorism Act, a law that labels those who "engage in sit-ins, civil disobedience, trespass, or any other crime in the name of animal rights" as terrorists. Other groups in the crosshairs could be anti-abortion protesters, anti-tax agitators, immigration activists, environmentalists, peace demonstrators, Second Amendment rights supporters ... the list goes on and on. According to author Naomi Wolf, the National Counterterrorism Center holds the names of roughly 775,000 "terror suspects" with the number increasing by 20,000 per month.

What could the government be contemplating that leads it to make contingency plans to detain without recourse millions of its own citizens?

The Constitution does not allow the executive to have unchecked power under any circumstances. The people must not allow the president to use the war on terrorism to rule by fear instead of by law.

Lewis Seiler is the president of Voice of the Environment, Inc. Dan Hamburg, a former congressman, is executive director.

This article appeared on page B - 7 of the San Francisco Chronicle

< = =text/> sfgate_get_fprefs();
 
 
 
2/1/2008

THE FACTS-GUNDERSON PRISONER BOXCARS WITH SHACKLES-A REPORT

Here is a summary of the previous information circulating about Gunderson’s PRISONER BOXCARS WITH SHACKLES from previous reports circulating all over the nation on this subject, which I have written. BRENT GUNDERSON is challenging my information. CAN YOU PROVE HIM WRONG??? Many people have raised skeptical questions about reports of prisoner BOXCARS AND SHACKLES being sighted across America. Some people think that they are only reported originally through Phil Schnieder in a Patriot interview. Recently, someone erroneously reported that MY information on them originated from Phil Schnieder.

WRONG! My research and documentation on the boxcars and shackles goes far beyond Phil´s interview. Long before I heard of him, I had eyewitness information on these boxcars. A van full of eyewitnesses, missionaries traveling across America to evangelize and pray, stumbled across these boxcars in Montana, near Columbia Falls in Glacier. They described boxcars, in this case painted black, with shackles welded into them and a modern guillotine at the head of each boxcar inside. As they were photographing mountain scenery, they decided to follow railroad tracks into the wilderness so as to not get lost. This is how they came upon these boxcars with shackles. I later received a report from Lee Harrington of Valier, MT, who was a professional metal worker. He told me how in Glascow, MT, summer youth workers were employed to weld shackles into boxcars in that operation. They were then shipped west to Glacier and stored on remote sidetracks. Passing through the Blackfoot Indian Reservation in Cutbank, a local Blackfoot Indian, George Bullcalf, spotted these strange boxcars. When I interviewed local Patriots in Columbia Falls, they confirmed that hunters often stumbled upon such boxcars on remote train spurs in that wilderness region.

I THEN TRAVELED TO PORTLAND OREGON, and lectured in the home of an actual employee of GUNDERSON STEEL FABRICATION. The wife of this high level executive called this meeting personally to make a public admission. In the meeting were OTHER GUNDERSON EMPLOYEES who had witnessed the prisoner boxcars in the higher than normal, three floor/three tier prisoner boxcars.

She admitted that her husband finally told her that GUNDERSON WAS UNDER SECRET CONTRACT FROM THE US GOVERNMENT TO PRODUCE THESE PRISONER BOXCARS. She also admitted that Gunderson had a satellite factory for a boxcars with shackles operation in Texas.

I called Col. Jim Ammerman in Texas, famous military Patriot-lecturer against martial law, and told him about this. He replied, “A friend of mine who is a metal welder called me recently, and said he had gone to apply for a job in offered in Texas for welding. When he was told that it involved WELDING SHACKLES INTO BOXCARS, he declined the job!”

I later interviewed Russian immigrants in this area who admitted that some of their people were working at Gunderson, and one young man, Sasha, admitted working on prisoner boxcars and described them completely to his Russian Christian friends there. THE RUSSIAN COMMMUNITY NOW KNOWS ABOUT THEM AND IS VERY AFRAID OF THE IMPLICATIONS!!! Many Russians still work there.

Another source, WATCHDOG, a retired military vet with a watchdog group, described yet another boxcar with shackles operation in New Hampshire, with three tiered boxcars fitted with shackles.

Metal worker Lee Harrington also described 20,000 CHINESE prisoner boxcars with shackles and modern guillotines, in the form of 40 foot railroad containers, coming into America via the west coast. They were ordered by the American government through a Senator who visited China and ordered these items. Workers unloading them became suspicious and began to investigate and discovered these horrors from China. Such 40 foot cargo containers from China are now piled up along the West Coast, especially around Long Beach Naval Shipyard,    [Note: anyone in Long Beach area seen anything like this, Albert?]   turned over the Chinese. I receive constant reports across America regarding these types of prisoner boxcars from former radio listeners and Patriots across America…and Canada. Recently, a former high level satanist from the mountains of North Carolina, now a Christian and receiving discipleship, admitted that boxcars with shackles were indeed in the mountains of NC and waiting for the hour of martial law. (Asheville, NC) He warned that many Patriots and Christians arrested and secured into these prisoner boxcars under martial law will never even make it to the death camps..that many will be tortured and sacrificed once restrained in these prisoner boxcars.
Back to Top
Guests View Drop Down
Guest Group
Guest Group
Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: November 08 2008 at 5:54pm

anyone can check it out...  shackles?  seems they have to have sturdy metal rings inside to secure the cargo as a lot of these containers are ocean going.
.............................................................................................................

Gunderson’s plant in northwest Portland manufactures railroad freight cars and ocean-going
barges. Gunderson employs approximately 1200 employees at its Portland facility, located on Front
Avenue, in the heart of the Portland Industrial Sanctuary. Gunderson is a unit of The Greenbrier
Companies, Inc.
Greenbrier (http://www.gbrx.com), headquartered in Lake Oswego, Oregon, is a leading supplier of
transportation equipment and services to the railroad industry. The Company builds new railroad freight cars in
its three manufacturing facilities in the U.S. and Mexico and marine barges at its U.S. facility. It also repairs
and refurbishes freight cars and provides wheels and railcar parts at 39 locations across North America.
Greenbrier builds new railroad freight cars and refurbishes freight cars for the European market through both
its operations in Poland and various subcontractor facilities throughout Europe. Greenbrier owns
approximately 9,000 railcars, and performs management services for approximately 138,000 railcars.
Back to Top
Albert View Drop Down
Admin
Admin


Joined: April 24 2006
Status: Offline
Points: 47746
Post Options Post Options   Thanks (0) Thanks(0)   Quote Albert Quote  Post ReplyReply Direct Link To This Post Posted: November 11 2008 at 8:10am
Good grief.  AIG was caught treating their employees to another highend resort last week. It's hard to believe the tax payers have to keep paying for this.    The reason why these companies are failing is because of terrible management.    
 
 
Back to Top
Albert View Drop Down
Admin
Admin


Joined: April 24 2006
Status: Offline
Points: 47746
Post Options Post Options   Thanks (0) Thanks(0)   Quote Albert Quote  Post ReplyReply Direct Link To This Post Posted: November 11 2008 at 8:21am
AIG price is beginning to fall.  They're down 7% at 2.12.  AIG is actually a pretty good buy.
 
And take a look at GM.  It looks like the fears of a recession are starting to set in because of all the layoffs.
 
 
Last Trade 2.80       Volume 27,133,579
Advanced Chart »
Change -0.56   Shares 566.16M
Change % -16.67   Market Cap. 1.59B
Today's High 3.24   52 Week High 32.19
Today's Low 2.75   52 Week Low 3.02
 
 
 
Back to Top
Guests View Drop Down
Guest Group
Guest Group
Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: November 11 2008 at 8:28am
Originally posted by Albert Albert wrote:

AIG price is beginning to fall.  They're down 7% at 2.12.  AIG is actually a pretty good buy.
 
And take a look at GM.  It looks like the fears of a recession are starting to set in because of all the layoffs.
 
 
Last Trade 2.80       Volume 27,133,579
Advanced Chart »
Change -0.56   Shares 566.16M
Change % -16.67   Market Cap. 1.59B
Today's High 3.24   52 Week High 32.19
Today's Low 2.75   52 Week Low 3.02
 
Albert, I know you had started the megathread on the stock market. I wanted to add this fireside chat clip from 1933 - President Roosevelt. Pretty interesting.

http://tinyurl.com/4qfwvp

MC
 
Back to Top
July View Drop Down
Valued Member
Valued Member
Avatar

Joined: May 24 2006
Status: Offline
Points: 1660
Post Options Post Options   Thanks (0) Thanks(0)   Quote July Quote  Post ReplyReply Direct Link To This Post Posted: November 11 2008 at 10:01am
  • NOVEMBER 11, 2008, 11:27 A.M. ET

Gloomy Outlooks Pressure Stocks

By DAVID BENOIT and ROB CURRAN


NEW YORK -- U.S. stocks fell sharply Tuesday, with the Dow Jones Industrial Average down more than 200 points, as the outlooks from corporations ranging from luxury home builder Toll Brothers and coffee-shop operator Starbucks suggested consumer spending is even worse than feared.

Meanwhile, many financial stocks such as Citigroup, American Express and Goldman Sachs Group traded near multiyear lows as the demands on the U.S. Treasury's rescue package seemed to grow by the hour, with Fannie Mae the latest on the list in need of assistance.

"It doesn't seem to get any better, no matter how much money they throw at the financials," said a trader at a midsize Wall Street firm. "Now [the crisis] has obviously contaminated the economy to a pretty severe extent, and the layoff notices are coming fast and furious. The General Motors/Chrysler/Ford Motor saga is extremely unnerving."

Overall, the Dow Jones Industrial Average was recently down 265, or 3%, to 8608. The broad Standard & Poor's 500 declined 27, or 3%, to 892. The Nasdaq Composite shed 44, or 2.7%, to 1573.

American Express became the latest company in the financial sector to seek bank-holding company status. Shares of the credit-card provider were off 7% to $22.28 as traders interpreted the move as a cry for help from the government.

"Whether institutions like it or not, the only prudent thing to do is assume a protracted worst-case funding scenario," analysts at Oppenheimer wrote in a note to investors. "Funding however was not our primary concern with [American Express]; consumer credit losses have been. Our concerns for [American Express] and other consumer lending-related stocks continue to be worse-than-expected credit losses."

Toll Brothers shares lost 3.6% to $18.27 as it warned that "preliminary signs of stability" in September were "upended" by the financial crisis in October.

Starbucks late Monday said its profit tumbled 97% in its fiscal fourth quarter, hurt by charges to shut stores and cut jobs. The coffee chain said current fiscal year same-store sales could fall between 2% and 7%. Shares were down 3.4% to $9.86.

In an effort to target the crux of the housing and financial crisis, Citigroup will modify the terms of as much as $20 billion in mortgages for borrowers who are current on their loan payments but at risk of falling behind. Roughly 130,000 borrowers are likely to see a reduction in their monthly loan payments, CitiMortgage said. Shares of Dow component Citigroup were off 1.6% to $11.03, trading at their lowest level since 1996.

Embattled mall operator General Growth Properties Inc. saw its stock price fall sharply Tuesday after the Chicago company warned it could file for bankruptcy protection if it doesn't raise more capital to pay down its hefty debt load.

General Growth's share price was down 60% in recent trading.

—Angela Pruitt contributed to this article

Write to David Benoit at david.benoit@dowjones.com and Rob Curran at robert.curran@dowjones.com

Back to Top
coyote View Drop Down
Admin Group
Admin Group
Avatar

Joined: April 25 2007
Location: United States
Status: Offline
Points: 8395
Post Options Post Options   Thanks (0) Thanks(0)   Quote coyote Quote  Post ReplyReply Direct Link To This Post Posted: November 12 2008 at 7:29am
Economic woes increase, crisis deals in trouble...
As More Companies Seek Aid, 'Where Do You Stop?'...
Embattled Banks Still Planning Big Bonuses..

ALL SWIPED OUT: AMEX SEEKS BILLIONS FROM TAXPAYERS....DRUDGE REPORT



Current World Market Indices Status As of: 11/12/2008 7:27:55 AM PST
Dow Jones      8482.09      -211.87           
Long time lurker since day one to Member.
Back to Top
Guests View Drop Down
Guest Group
Guest Group
Post Options Post Options   Thanks (0) Thanks(0)   Quote Guests Quote  Post ReplyReply Direct Link To This Post Posted: November 12 2008 at 11:54am
Wednesday November 12, 7:31 am ET  

Report: American Express seeking $3.5 billion as part of government bailout program

excerpt-
NEW YORK (AP) -- American Express Co. is seeking $3.5 billion in funds under the government's plan to directly invest in financial firms, according to a Wednesday report in The Wall Street Journal citing unnamed sources.

Earlier this week, American Express received approval from the Federal Reserve to become a bank holding company, which is a similar structure to traditional commercial banks. The credit card company now has access to financing from the Fed and the ability to grow a large deposit base.

please read article here
http://biz.yahoo.com/ap/081112/american_express_ahead_of_the_bell.html?.v=1
Back to Top
 Post Reply Post Reply Page  <1 1617181920 22>
  Share Topic   

Forum Jump Forum Permissions View Drop Down