Page 74 of 678 FirstFirst ... 246470717273747576777884124174574 ... LastLast
Results 1,096 to 1,110 of 10166
  1. #1096
    Joined
    Nov 2001
    Location
    E n g l a n d
    Posts
    10,979

    Re: Economic News/Discussion

    Bank stocks are still in the toilet, but the rest seem to be making a comeback.

    There's rumours of another US bank collapse, so the worst may not be over yet.

  2. #1097
    Joined
    Aug 2001
    Posts
    74,684

  3. #1098
    Joined
    Dec 2000
    Location
    MI
    Posts
    2,356

    Re: Economic News/Discussion

    Ordered the tile & materials for the new basement floor yesterday. The folks at Lowes actually asked if I wanted to open a Lowes credit card.

    "No thank you, that's the last thing this country needs is another credit card floatin' around."

    It got a good chuckle from all the people in line at the checkouts, I made sure to say it loud enough so all could hear. Although I doubt we can start shaming these companies into giving out such easy credit.
    Nuke em'.

  4. #1099
    Joined
    Sep 2004
    Posts
    1,690

    Re: Economic News/Discussion

    IWM has got above 53.03 off of Friday's close of 52.45 now 54.57 up about 4%. The thing is will it hold?

    If another bank goes down as Enmore said could. Is the bank in the US or else where? If one does not good for the markets plus earnings are still coming out. Earnings are bad, but how bad? Housing IMO is still high by 15% and until it get more affordable to where people start buying again the markets will not climb. Sure we will have rallies but I think they will fail. Take another 15% of housing and at the middle to end of this recession I would say good to go.

  5. #1100
    Joined
    Aug 2001
    Posts
    74,684

    Re: Economic News/Discussion

    We get by 9000? That will be a boost




    DOW
    537.70
    +6.36%
    8,988.89

  6. #1101
    Joined
    Aug 2001
    Posts
    74,684

    Re: Economic News/Discussion

    viola




    DOW
    550.21
    +6.51%
    9,001.40

    Nasdaq Composite Index
    1,768.82 +119.31 / +7.23%

    Now we could possibly see some real[good] shit today.
    Last edited by jimzinsocal; 10-13-2008 at 12:35 PM.

  7. #1102
    Joined
    May 2002
    Location
    Twain Harte, CA
    Posts
    17,067

    Re: Economic News/Discussion

    The grubberment puts forward a program to put up $700 billion, later saying it will buy into insurance companies and banks, adds a few more hundred billion here and there... and the result? The stock market tanks on the order of trillions upon trillions of dollars. That's the great Paulson Plan that our leaders sucked teet on.

    Now it goes up to 9000 and people are getting happy.

    I don't get it.

    Everybody got hosed, has been getting hosed and will continue to get hosed.

    Get your asses away from the roulette table for Chriminy sakes.

    That said... I might buy GM again.

  8. #1103
    Joined
    Jun 2003
    Location
    Arizona's White Mountains
    Age
    68
    Posts
    3,529

    Re: Economic News/Discussion

    Quote Originally Posted by Dutchcedar View Post

    Now it goes up to 9000 and people are getting happy.

    I don't get it.

    It's like the price of gas. $3.25 looks a lot better than $4.10. We've been brainwashed to think $3.25 is a good deal. I remember getting upset when it went to $1.89 just before I retired.
    FRH
    If more sane people were armed the crazy ones would get off fewer shots.

    Win XP Pro SP3 / MEPIS 8.0.15 / MEPIS 11

  9. #1104
    Joined
    Nov 2001
    Location
    E n g l a n d
    Posts
    10,979

    Re: Economic News/Discussion

    I'm glad I'm not in Iceland right now; they're in deep do do. Their currency is collapsing, inflation is at 14%, jobs are being cut left, right & centre.

    They suspended their stock exchange again today. It was closed all last week too.

    A friend of my parents has 55,000 in the Icesave bank. They're panicking that they'll never see it again. Fortunately, all is not lost. Our government 'froze' 4bn of the Icelandic banks' assets in London using anti-terrorist money laundering laws.

  10. #1105
    Joined
    May 2002
    Location
    Twain Harte, CA
    Posts
    17,067

    Re: Economic News/Discussion

    Quote Originally Posted by Frank1946 View Post
    It's like the price of gas. $3.25 looks a lot better than $4.10. We've been brainwashed to think $3.25 is a good deal. I remember getting upset when it went to $1.89 just before I retired.
    Bingo.

    And crude is at 80 bucks. The last time crude was at 80 bucks, gas wasn't friggin' $3.25 a gallon. Crude drops in half and the gas drops less than a buck. Whoop-dee-friggin'-hoo. Let's all go to Disneyland, where we can catch some reality.

    Yeah, let's all celebrate.

    A crap sandwich.

    That's all any of this is.

  11. #1106
    Joined
    Oct 2003
    Posts
    8,887

    Re: Economic News/Discussion

    Quote Originally Posted by Dutchcedar View Post
    Bingo.

    And crude is at 80 bucks. The last time crude was at 80 bucks, gas wasn't friggin' $3.25 a gallon. Crude drops in half and the gas drops less than a buck. Whoop-dee-friggin'-hoo. Let's all go to Disneyland, where we can catch some reality.

    Yeah, let's all celebrate.

    A crap sandwich.

    That's all any of this is.
    Indeed.
    Promote then, as an object of primary importance, institutions for the general diffusion of knowledge. In proportion as the structure of a government gives force to public opinion, it is essential that public opinion should be enlightened.

  12. #1107
    Joined
    Sep 2004
    Posts
    1,690

    Re: Economic News/Discussion

    Hard to set on the sidelines while the market is going up and be invested 10%. It will pull back to move higher or lower that is when I make a leap or not.

  13. #1108
    Joined
    Sep 2004
    Posts
    1,690

    Re: Economic News/Discussion

    Gas here is $2.699 in NW Missouri.

  14. #1109
    Joined
    May 2002
    Location
    Twain Harte, CA
    Posts
    17,067

    Re: Economic News/Discussion

    Quote Originally Posted by falcon_view View Post
    Hard to set on the sidelines while the market is going up and be invested 10%. It will pull back to move higher or lower that is when I make a leap or not.
    Don't you wish you could see the dealer's hole card?

    Keep in mind you're playing against people who can.

  15. #1110
    Joined
    Aug 2001
    Posts
    74,684

    Re: Economic News/Discussion

    Quote Originally Posted by jimzinsocal View Post
    Man nice to see stocks in the green zone again. Ill guess at an 8% rise
    for the day. Might even buy more Intel if I can catch it right.
    knock wood. Im getting closer.





    DOW
    591.55
    +7.00%

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •