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quote:

Originally posted by 72hrpartyanimal Out of curiosity, what do you guys do for a living??? I'm a janitor

I just sit here and post articles that i find and i try to act that i'm so smart and an expert of the economy...

quote:

Originally posted by MikeLord I'll also be sure to only use what i read from "public" websites that is government controlled as my only sources. not saying that its not possible we might be in one but we are a good ways away from even coming close to one (recession). You must be one of those conspiracy theory guys...

Come on Mike, when the government, newspapers, and economists suggest we are headed towards a recession, you know we're in big do-do. No conspiracies here. Let's all be happy we have a job.

As for the "market scare", it's no BS, at least not for me. All my holdings in my 401K are in the negative, except fixed income and bonds, which seems to be stable. This has been going on since last year in September. Let's just say I won't be putting any more money in Emerging Markets anytime soon. Some say that it could be the next bubble. I read that in an article somewhere on the interweb. I mean, 40% - 60% gains each year for the past few years was very sweet. But then again, Is the US Just Talking Itself Into a Recession?

quote:

Originally posted by djGT Come on Mike, when the government, newspapers, and economists suggest we are headed towards a recession, you know we're in big do-do. No conspiracies here. Let's all be happy we have a job. As for the "market scare", it's no BS, at least not for me. All my holdings in my 401K are in the negative, except fixed income and bonds, which seems to be stable. This has been going on since last year in September. Let's just say I won't be putting any more money in Emerging Markets anytime soon. Some say that it could be the next bubble. I read that in an article somewhere on the interweb. I mean, 40% - 60% gains each year for the past few years was very sweet. But then again, Is the US Just Talking Itself Into a Recession?

exactly my point. now the reasons why i'm even on here in this thread.

1. i'm bored at work as joshua allen says
2. i laugh at people that just post articles and hold it as gold (whether its true or not)
3. i work on the stock market managing data for crap like this and one of the things that keeps coming up is these jack off "analyst" scaring people into a recession. if you anyone did their homework and look at the past recessions and did a comparison, it is clearly evident that many things need to happen before we are even considered in one. the fact that our economy has had slower growth vs taking a plunge are 2 different things. many things to consider other then reading some articles from bloomberg. I could show statistics that can prove we are far away from a recession but unfortunately this is not available to the public.. oh well. so i guess people who only read media and not real statistical data will never know the truth...

media... schmedia...

quote:

Originally posted by MikeLord I'll also be sure to only use what i read from "public" websites that is government controlled as my only sources. not saying that its not possible we might be in one but we are a good ways away from even coming close to one (recession). You must be one of those conspiracy theory guys... maybe if you took the time to analyze the data for yourself and not just read articles that make you think you are smart you might find some interesting information. but then again... you are probably one of those typical stupid media junkie that believes everything written. why don't you show us how smart you are and show us your own data and research. you will probably have a different opinion then this stupid stock market scare BS that is going on right now.

mikey, im trying to see things from your point of view, but i can't seem to get my head that far up my ass :/

and lol at the only supporting data is from a couple 'public' websites as you stated.

forget all the jobs lost in 2007 from countless sectors that will worsen this year, forget unemployment rates, forget the housing and stock market steep correction, forget inflation, forget the weakening dollar to other currencies, forget the fact that we need foreign investors to fund our debt, forget the underlying fundamental problems with the economy, etc etc etc....according to you thats all 'government controlled info' and only 'conspiracy theorist' believe in that garbage


but hey, like i said before, you blew out all indicators that we are in or are facing recession with your payroll factoid that you took from a headline you read.



everyone forget what you've heard or whats happening to the economy, this douche bag knows better and says we're in good shape!

and mikey, don't beat yourself up too much, i found someone that agrees with you about the strong foundation of the US economy:

keep up the good job of being a product of the media... they need retards like you that can't think or research information for themselves. if everyone thought for themselves they might put be out of business.

quote:

Who's that man you're with, Mikelord?

grasping for straws kids...

My 401k is ok, it's seen better then -%8 but chew on this: you're not retiring tomorrow.

quote:

Originally posted by MikeLord keep up the good job of being a product of the media... they need retards like you that can't think or research information for themselves. if everyone thought for themselves they might put be out of business.

again, ignoring all those factors i listed and saying a whole lot of nothing. good job buddy!

you sure talk a lot but don't seem to say anything, again, you should really look into that Bush administration internship because they could use another guy that can dodge facts and express words with no substance.

and if you do have statistics proving a recession is far far away, why don't you put down the Budweiser can and share them.

quote:

Originally posted by |Thrax| grasping for straws kids... My 401k is ok, it's seen better then -%8 but chew on this: you're not retiring tomorrow.

good point, i mean a recession is not the end of the US as we know it. we will rebound at some point.

in fact it may play out far less severe than speculated and much shorter as well.

we'll all have to just wait and see. but i would save your money as best as possible until that day comes.

Maybe we should be more optimistic cuz rebate checks are coming!

Home-repo bus tour

2008-01-28 � signonsandiego.com

'All aboard the REPO Express, a new kind of bus tour that takes riders on a guided search for bargains within San Diego County's surging home foreclosure market.' - It has come to this.

http://www.signonsandiego.com/news/...9-1m27tour.html

Most dealers expect the Fed to cut the benchmark federal funds rate by half a point to 3% on Wednesday after biggest rate cut in 23 years last Tuesday.

quote:

Originally posted by ninetyninej Home-repo bus tour

Can we save $$$ if we take the tour that passes through OC and LA?

quote:

Originally posted by djGT Most dealers expect the Fed to cut the benchmark federal funds rate by half a point to 3% on Wednesday after biggest rate cut in 23 years last Tuesday. Can we save $$$ if we take the tour that passes through OC and LA?

lol

quote:

Originally posted by djGT Most dealers expect the Fed to cut the benchmark federal funds rate by half a point to 3% on Wednesday after biggest rate cut in 23 years last Tuesday.

I can't believe investors are expecting a .50 point cut after the Fed cut rates by .75 just over a week ago...

The market is doomed tomorrow if the Fed cuts by any less... if they do, it's time to go short the market again.

quote:

Originally posted by diskodave I can't believe investors are expecting a .50 point cut after the Fed cut rates by .75 just over a week ago... The market is doomed tomorrow if the Fed cuts by any less... if they do, it's time to go short the market again.

yeah, expecting a combined 1.25 cut in just 10 days is ridiculous. tomorrow will be interesting to see whats done and how the market reacts. i think though, considering where the market is, that we'll only see 25bps cut.





House Passes $146 Billion Economic Aid Package

2008-01-29 � nytimes.com

``But on Tuesday, Ms. Pelosi said that her personal support for some of the proposals being floated in the Senate was secondary to the urgent need to secure a short-term stimulus plan, without vastly increasing the national debt since all of the money to pay for the stimulus plan will be borrowed.'' -- Can't we just direct a tax at those making $100M/yr or more? I think that'd catch most of the Wall Street and lending kleptocrats...

http://www.nytimes.com/2008/01/29/w...&hp&oref=slogin


"The Senate plan does not include the proposal by the House to increase the limits on �conforming� mortgages that can be bought by Fannie Mae and Freddie Mac, or insured by the Federal Housing Administration."

pfft,they really need to lift, even if just temporarily, the conforming limit to $729K like proposed. this will make a huge difference, especially in CA where i find so many buyers that can't get financed because its a jumbo loan. :<

Fed cuts by half point...

i miss trading... might get back in a bit next week

it might have been a better idea to first check the job report of friday and then cut rates if necessary.

its funny how dependant the market is on the fed. all articles for the past two days are 'dow stalls as it waits for the next fed cut'. way to put more power in the government's hand. sounds like hypnosis to me.

i just hate how the analysts "dare" the fed to cut the rate more than a quarter, with the childish "oh, if they don't cut it by .5 we're all going to have a fit"... and then the fed kind of calls their bluff... and now the analysts will need something else to bitch about..

quote:

Originally posted by 2tall i just hate how the analysts "dare" the fed to cut the rate more than a quarter, with the childish "oh, if they don't cut it by .5 we're all going to have a fit"... and then the fed kind of calls their bluff... and now the analysts will need something else to bitch about..

+1


and say goodbye to your dollar everyone:

CURRENCIES
VALUE CHANGE % CHANGE
EUR-USD 1.4902 0.0124 0.84


wonder if we'll see the eur-usd hit 1.50 before this month ends :<

quote:

Originally posted by diskodave Fed cuts by half point...

More Reductions Possible



Even with the rate cute, the DOW still closed lower than it opened.

quote:

Originally posted by djGT More Reductions Possible Even with the rate cute, the DOW still closed lower than it opened.

yeah, despite all the pressure by wall street to drop 50bps, they dow still closes down 37pts. lol!

could be worse, we could be in japan where the economy has been knee deep in shit for years and the bank of japan either just has, or is just about to, lower rates again down to 0.5%

quote:

Originally posted by ninetyninej yeah, despite all the pressure by wall street to drop 50bps, they dow still closes down 37pts. lol!

It appears from today�s action in the market that we may be headed for another ugly downturn in the near future. The FED cuts rates by a half a point and the market barely reacts. In fact, it seems that there were no new buyers what-so-ever after the announcement and it was purely short sellers covering... investors have come to terms that our economy is no where in decent shape and the consistent rate cuts show storm clouds ahead. The buying power in the overall market is getting pretty weak as the short interest has been increasing. The risk of holding long is becoming too high on most stocks, which is turning many traders to short sell. Again, this is just what I see... but this shows that the market may take another big hit very soon. We�ll see

Stocks Surge on Bailout Hopes

quote:

Originally posted by ninetyninej could be worse, we could be in japan where the economy has been knee deep in shit for years and the bank of japan either just has, or is just about to, lower rates again down to 0.5%

what? you don't like a rollercoaster drop for almost 2 decades?

yesterdays drop was due to the bond insurers, otherwise the market was up about 160 points before then.

the market is full of bears look at tech the last month. nasdaq was down 10%. apple comes out with good earnings shares collapse, on amazon comes out with great earnings and it collapses(but it picked up today). i traded on apples earnings and what a mistake that was. i really was waiting for on amazon for the past weeks to trade cause of their great sales but after seeing apple trade i was worried.

lets wait for another rate cut and then everything might be ok, if not then let them cut again.

i got a solution to all this mess: make the fed fun rate -1% and watch the market pickup. if not cut to -2%

quote:

Originally posted by stefanoc i traded on apples earnings and what a mistake that was.

Yeah, I made the same stupid mistake too. I knew they would have great numbers, which they did... but their guidance wasn't up to par. They always sandbag their earnings like that...

Speaking of earnings, today Google missed their numbers.

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