This doesn't sound good. I just keep hearing more and more layoffs.

Hi mary08:O) Yes IBM will be OK but not all those poor folks losing their jobs...well, not at first. I just really feel for all these folks getting laid off. Those are more homes that could "possibly" end up in foreclosure if these folks don't get a new job...which is difficult to do these days...or at least getting a job making the money they were making to pay the bills that they already have like the large mortgage.

Melody:O)

 

 

Some numbers: the government is receiving 5% annually on its $20 billion investment in Morgan Stanley and Goldman Sachs preferred. That works out to $1 billion in dividend income per year. To fund the investment, the government pays less than 2% on duration-matched obligations. Spread income on the Goldman-Morgan investment alone, therefore, comes to $600 million. Administrative costs are de minimus, and let’s assume the associated warrants are worth nothing.

So the income to the government on its preferreds to the brokers alone is enough to fund the notorious AIG bonuses nearly four times over. Yet the government’s outrage over those bonuses is a key reason Goldman wants to repay the investment early. Does something not add up here?

http://seekingalpha.com/article/127846-congress-shortsighted-about-financials?source=yahoo

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MelodyAtHome wrote: Waterboy, why do you say that? I'm sure you right just wondering if you had some info that I haven't heard yet? Thanks. Melody waterboy wrote: Beware next week... Dow 6350....Its going to be awful....

 

 

 

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

Compare the two below....  don't take online info as gospel.  Because many want to sell you a service.

I'm new to this. Can I sell or buy stock by myself?

--------------------------------------------------------------------------------
 
 
In order to buy stocks, you need the assistance of a stock broker since you
cannot just phone up a company and ask to buy their shares yourself.
For inexperienced investors, there are two basic categories of brokers to
choose from - a full-service broker or a online/discount broker.
 

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http://www.dripinvestor.com/FAQ/drip_faq.asp

 

Buying Stocks Without A Broker

Using Dividend Reinvestment Plans

 

Dividend Reinvestment Plans (DRIPs), offered by about 1000 companies and
closed-end funds, are programs which allow current shareholders to purchase
stock directly from the company, bypassing the broker and brokerage commissions.
Investors purchase shares with dividends that the company reinvests for them in
additional shares. Most DRIPs also permit investors to make voluntary cash payments
directly into the plans to purchase shares.

As the market crashes,  here are some possible numbers and entry points for some decent stocks. 

Yeah..  My numbers are obviously too low because the market isn't crashing, and it's actually doing good. 

Cramer bought Citi?? 

 

 

Albert wrote: Yeah..  My numbers are obviously too low because the market isn't crashing, and it's actually doing good.  Cramer bought Citi??

Okay-I'm getting one of those- whatever's that my wife so hates that we may be headed for some downtimes.. worse than before.

Bluebird is a pragmatist. She does not believe in most things supernatural - which includes my grandmother's vivid dreams and legendary precognition. She does not believe in the "Shine" or when I tell her I just have this gut level feeling. Of course, I told her in 20 minutes Skye was a reality. She went through 8 pregnancy tests and looked at 8 pink lines before she would believe.

So, as an outsider unschooled in the mystic arts of Wall Street I am watching the Dow creepoing down and I am thinking.. we were warned that someday 7000 would seem like Dow heaven. Someday at 4000 it really would seem like heaven.

Yes, it is fun times for the high rollers as we bounce between low low 7000 Dows and 8000- time to make money. During the Great Depression some made millions.

So- what say the Wall Street Seers- is it going to be bull or bust?

Obama did his mini thing- and they are waiting in the wings to crank out a trillion more dollars. Inflation is afraid to happen.

How does it look from here until the end of June. Are we about to have a big slide- or will it just stay stock market PMS for the next two months?

Just curious.

Medclinician

Mary08...that is so funny because I was reading so quickly I too thought bluebird was "pregnant" then I re-read and saw medclinician wrote "pragmatist"...lol:O) Melody

hello W.B.  :)

I think it's funny that we've been hearing that "We're at the bottom" since the middle of the year last year. Oh and confidence is up and we're saved! The politicians and bank economists are either idiots or are the problem. I just heard it again this morning on the BBC.

 Hey it's a good day!

I agree with you 4=laro. I also see some fairly big businesses in our area closing. Small companies are closing also. So where is all this recovery. The talking heads on CNBC said that 550k that lost jobs last month was not bad...unless you were one of the 550K.

This country is in a big mess...today everything gold, oil, markets, treasuries,all went up. So I guess everything is great until the next big FALL. Oh well!

David_R. wrote: Want to read something funny? Or is it pathetically unbelievable? Associated Press had a story today saying that Saudi Arabia expects financial aid if most of the world stops using oil! The IEA says that OPEC countries will make more money in the next few years but SA says that that is a lie and that they will lose $19 million dollars and will need aid. The Saudi government has not contributed any aid in the past to any cause except that which promotes Islam. They spend millions building mosques all around the world and they call that international aid. I'm sure all the starving people in Sudan (a moslem country) sure do appreciate all those mosques, especially the Christians.

Was watching cable and they said the Dow is at a high bubble and after a 300 point plunge things are in a dangerous state. How dangerous? Are we likely see it crash down to 6100 from the dizzying heights it is at now? 

They can be installing solar electric with their abundance of cash, even installing desalting plants for a viable water supply. ................................................................. . I wonder if FirstSolar is over there making big bucks?