Comments on: Wild Ride On Wall Street
Dow Plummets More Than 340 Points Then Soars Late, Closing Nearly Flat
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- FeelFree1- those comments/predictions were from Merrill Lynch - it''s not going to be a pretty site if what they fear is about to happen happens - many parts of this country are going to well and truly screwed. Some areas will be able to mostly hold the real estate value of their homes but others are already seeing much increased foreclosure rate .. and if companies aren''t getting the credit they need then we''re going to see layoffs and higher unemployment.
What some idiots don''t get is that it''s the speculators buying up the market - getting bargains hoping that it doesn''t really crash or of it does that they''ve already sold and made their money. Kinda like doubling-down at the Black Jack Table!! - Reply to this comment
- I have found that weapons are a much better investment compared to gambling in the stock market.
Posted by GunOwnerDan at 05:07 PM : Aug 16, 2007
LOL. I think you find weapons better than everything in life. - Reply to this comment
- nyckate,
Re: "Looming Fed rate cuts will act as a buffer..."
If the private bankers of the Fed decide to lower rates, this will undoubtedly accalerate inflation. At the same time, we are likely to see negative growth of our economy.
inflation+economic contraction="stag-flation" - Reply to this comment
- I have found that weapons are a much better investment compared to gambling in the stock market.
- Reply to this comment
- -processor2 - good Christ - it''s these us called liberals who are the middle class -- its you flaming red staters who desperately rely on our tax revenue to the fed -- the red states being the largest welfare queens ever.
- Reply to this comment
- setumstrt9 -- dang is right - dang you is a fool.
But for the meantime we welcome a new economic phase %u2013 one where growth slows enough to generate declines in real per capita income and a rising unemployment rate. Looming Fed rate cuts will act as a buffer, but since there is nothing left to reflate, there will be no more easy fixes. - Reply to this comment
- Anything that is bad for America, makes liberals happy.
Posted by processor2
You can now go back to your daddy osama. - Reply to this comment
- setumstrt9, - are you really this silly? Much of middle america relies heavily on the VALUE of their housing you fool. And libs? You''re fearful of libs and not the banks and Bush?? You really are a fool....
Market insight: US economy left exposed to consumer recession
We could see the first consumer recession in 17 years in the first-half of 2008. The consumer is likely to take the brunt of the impact from the depressed wealth effect that comes from lower home and equity prices. Our worst-case scenario paints a picture of a perfect storm for consumers: a $130bn tax from petrol at $4 per gallon, a combined $3200bn in lost home values and equity portfolios.
We believe that consumer spending growth will average 0.5 per cent in 2008, a significant drop from our prior call of 2.2 per cent. We expect declines in consumer purchases of %u201Cbig ticket%u201D durable goods through most of 2008, with the weakest parts of the cycle to be felt in the first half of 2008. - Reply to this comment
- You can download the movie using Bittorent.
ZEITGEISTmovie.com.
There is a search feature on Bitttorent.
Or try this link:
http://video.google.com/videoplay?docid=5547481422995115331 - Reply to this comment
- USAyesterday,
Good points. Thanks for the comment.
###
setumstrt9,
Please double your bets. This "correction" probably won''t be much worse than the 1929 "correction".
Also, if you don''t see how the collapse of the multi-trillion dollar U.S. housing market might have a negative effect on the U.S. economy, then good for you!
Don''t forget to double-up! - Reply to this comment
- (CBS/AP) Wall Street plunged again Thursday, extending an almost relentless downward spiral after problems at Countrywide Financial Corp. confirmed investors'' fears that credit problems are spreading.
GLAD TO HEAR IT. - Reply to this comment
- Hey finewoven....let me know, when you know, what naked short selling is.
- Reply to this comment
- I need to change something I said in my last post, the dow closed up about 5.
I bet the guy who wrote this article just filled his pants!!!! He missed out on another "the sky is falling" lib story. DANG!!!! - Reply to this comment
- This news will make liberals happy
Anything that is bad for America, makes liberals happy.
... - Reply to this comment
.............
FeelFree1 and facistusa:
I have to wonder if the Zeitgeistmovie site went down because of the increase in popularity (wishful thinking).
Or, a more likely theory, one that has happened to me in the past...
...a website host only allows for ''x'' amount of data sent and ''x'' amount of data received. As a website becomes more popular, more people visit the site, thus forcing the servers of that site''s host to push down more data which requires more bandwidth dedicated from the host''s servers to the users visiting the site. Web hosts generally charge a certain amount of money for a certain amount of data that is to be pushed through at any given time. The amount of data the web host alotted for ''Zeitgeistmovie.com'' may have been exceeded as more people went to view that movie online! Imagine the bandwidth needed to stream a movie of that resolution (something like 640x480 I believe). If too many people were viewing the movie at any given time, then the data-stream alotment must have certainly been exceeded.
Okay, that''s the technical explanation...
...but given the lengths this administration and their followers have gone to quash the dissenters within this country, then it would be of no surprise if a pro-bush/pro-government individual or group shut down the site.
That''s my two theories.- Reply to this comment
- CBS couldn''t wait for the close to jump on this story. They should have waited a little longer, it''s not down 300 anymore, it''s only 70 down.
We needed a correction in the dow, it grew way too fast.
I''m glad it''s because of the housing bust, and not the economy. Businesses are still making a lot of money, and unemployment is at an all time low. As long as the libs don''t start raising taxes on big business the economy will continue to flourish. - Reply to this comment
- finewoven: Agreed. I''m not a licensed stockbroker. I just have not had much trouble shorting a high volume stock in whatever market.
- Reply to this comment
- 2006 INVESTMENT OUTLOOK -- THE BIG PICTURE
The Bulls: Pawing And Snorting
Entering The New Year With A Head Of Steam
The Bulls: Pawing And Snorting
Rate hikes and oil prices are easing, and profits remain healthy. That bodes well for many stocks
2006 INVESTMENT OUTLOOK -- THE BIG PICTURE
8/15/2007
On Wednesday, a Merrill Lynch & Co. analyst downgraded Countrywide to "Sell," just days after calling it a "Buy,"
NEW YORK, Aug. 16, 2007
Dow Jones Takes Another Sharp Turn South
300-Point Plummet Comes After News That Nation''s Largest Mortgage Lender Faces Trouble
Countrywide Borrows $11.5B From 40 Banks
The Dow Plunges, FOX Reports Happy Economic News
Existing Home Sales Fall in 41 States
Heavy losses sweep world markets - Reply to this comment
- finewoven: You can always find an uptick when trading individual stocks, even when it''''s on its way downn.
Posted by incog-nito at 01:57 PM : Aug 16, 2007
I think your use of the word "always," as with my use of the word "only," provides enough wiggle room for both (and others) to have their say and be correct--or be entirely wrong.
Personally, I was expecting this correction for the past quarter, because the news has been addressing this for that long. It used to be a truism that the market today was discounted for a six months out, but with technology in trading, the consolidation/sale of exchanges, and the mega-mergers in place, this timeline has gaps that are hard to filter.
But you know, this gives people the soapbox to ***, whine and groan about life in general, and I think the venting is good for them. I would just take this information and make some other financial/market choices. - Reply to this comment
- This is a direct result of Bu$hBanking run amok, no accountability, no donuts...
Posted by BareEmperor at 02:37 PM : Aug 16, 2007"
This is a direct result of international/central banking and the control they have over worldwide monies.
Posted by NavyRetired2 at 02:48 PM : Aug 16, 2007
Wrong on both counts! This is just pure greed people! Greed on the part of the people who got the loans b/c they were stupid enough to think this housing bubble would last forever and then got burnt b/c the music stopped! Greed on the part on the brokers and lenders who wanted to get rich b/c of all these loans that were to be made without thought of what could happen again when the stopped!
No government conspiracy! Not another Bush incompetency! No big fish sticking to the little fish because they can. It''s GREED stupid! - Reply to this comment
Mike Huckabee on GOP "rock stars," 2012, health care reform and more.
