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The economy is improving (pg. 9)
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| saluyamo |
| quote: | Originally posted by Max Thomson
go tell the thousands of people who've been laid off how your nice numbers should make them feel better now that the economy is improving. |
GREEN SHOOTS |
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| The17sss |
This just in: the federal deficit just increased $181,000,000,000.... IN JULY. Tax revenue to the government is down 17%, and government spending is up 21%. Shouldn't spending decrease when less money gets received? Massive tax increases are a-coming!
http://thehill.com/leading-the-news...2009-08-09.html
BUT... the economy is improving. :p |
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| Joss Weatherby |
| quote: | Originally posted by The17sss
This just in: the federal deficit just increased $181,000,000,000.... IN JULY. Tax revenue to the government is down 17%, and government spending is up 21%. Shouldn't spending decrease when less money gets received? Massive tax increases are a-coming!
http://thehill.com/leading-the-news...2009-08-09.html
BUT... the economy is improving. :p |
Good. Taxes are good.
Quit being selfish. |
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| Krypton |
| September and October expected to be slow. Might want to take profits now. |
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| Joss Weatherby |
| quote: | Originally posted by Krypton
September and October expected to be slow. Might want to take profits now. |
All my stocks are long holds except for the high performers, which I have usually a 5-12% trailing stop on.
Of course those are only set if the 5-12% is above the purchase price. :p |
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| Krypton |
I think the market has been overbought. I also have to admit that even I was overtaken by the euphoric rise in the market since March. I think that the levels I mentioned at the start of this thread, Dow over 9000, S&P500 over 1000, and NASDAQ over 2000, are more resistance levels than support levels of a new bull market. The technicals looked like a new bull market and it seems that was all I paid attention to. Now that I'm analyzing hundreds of stock's on fundamentals, it seems the market is overvalued. I expect a pullback for the third quarter, and some of the fourth quarter.
I sold my GME stock for a 2% profit in anticipation of the pullback.
Just bought 4 shares of UltraPro Short S&P 500 ProShares ETF (SPXU). For every 1% the S&P drops, this ETF rises 3%. So if the S&P500 drops just 10%, I make 30% profit. It's very close to its 52 week low. For me, this is a no-brainer. |
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| pkcRAISTLIN |
| quote: | Originally posted by The17sss
Tax revenue to the government is down 17%, and government spending is up 21%. Shouldn't spending decrease when less money gets received? |
You do realise that this is the crux of bush’s economic legacy, yeah?
http://www.pbs.org/wgbh/pages/front...ntrillion/view/
where were you between 2000 and 2008? |
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| The17sss |
No, I don't. Blaming Bush becomes a weaker argument every day. You do realize that congress controlls the approval of every dime that gets spent, and it's been all Democrat since 2006 right? And you do realize that Obama has committed to more spending in 6 months than all Presidents before him combined right? And you do realize that Bush had nothing to do with the 2009 Fiscal Year budget (which dwarfed any of Bush's) right? And you realize that Obama promised that spending a trillion dollars on a stimulus would result in no greater unemployment rate than 8% right? I don't see Bush still increasing spending at a higher percentage rate than received tax revenue either.... do you? |
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| Joss Weatherby |
| quote: | Originally posted by The17sss
No, I don't. Blaming Bush becomes a weaker argument every day. You do realize that congress controlls the approval of every dime that gets spent, and it's been all Democrat since 2006 right? And you do realize that Obama has committed to more spending in 6 months than all Presidents before him combined right? And you do realize that Bush had nothing to do with the 2009 Fiscal Year budget (which dwarfed any of Bush's) right? And you realize that Obama promised that spending a trillion dollars on a stimulus would result in no greater unemployment rate than 8% right? I don't see Bush still increasing spending at a higher percentage rate than received tax revenue either.... do you? |
Gotta spend money to make money, sadly we are embroiled in two massive and expensive wars, that even though they are winding down now have persisted for 8 years, almost as long as major combat operations in Vietnam. |
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| pkcRAISTLIN |
| quote: | Originally posted by The17sss
No, I don't. Blaming Bush becomes a weaker argument every day. You do realize that congress controlls the approval of every dime that gets spent, and it's been all Democrat since 2006 right? And you do realize that Obama has committed to more spending in 6 months than all Presidents before him combined right? And you do realize that Bush had nothing to do with the 2009 Fiscal Year budget (which dwarfed any of Bush's) right? And you realize that Obama promised that spending a trillion dollars on a stimulus would result in no greater unemployment rate than 8% right? |
I don’t know why I bother sometimes :rolleyes: either you're really stupid, deliberately ignoring the point, or you're really really stupid.
| quote: | Originally posted by The17sss
I don't see Bush still increasing spending at a higher percentage rate than received tax revenue either.... do you? |
if you had the first clue about what i was talking about then you would know the answer to this question is an unreserved "yes". |
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| Max Thomson |
legalize it, problem solved.
oh and the next time you make another one of your politically charged threads that ultimately turns into a semantics debate over economic policy or a bipartisan pissing contest, put it in the political forum, where it belongs |
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| Max Thomson |
| quote: | Originally posted by saluyamo
GREEN SHOOTS |
right, because you folk down under know SO MUCH about the crumbling American empire. let me tell you, I live in the midwestern united states where the effects of this dreadful economic clusterf*ck aren't boiled down to a single keyword bernanke drops on national tv, or something you read about it on some newfangled economist blog. no, its a brutish reality defined by urban decay, open-air drug markets, and a lack of basic services for an inordinate amount of people. all this in the most wealthiest country in the world, so don't tell me about the green shoots, come here and go to Indiana and tell me how much the economy is improving. |
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