Stocks: Market Crash Looming

Quarter 'tril to go before they need to up the debt ceiling again----spendspendspend!
 
C,

Right you are. This is not going to end well. Looks like the BOJ tried a stick save today on the buck vs. the yen and the buck is already coming back down. They don't want our buck this cheap.

That interest rate chart is scary. When it blows higher it is going to cost us all for their not dealing with the problems correctly.

My guess is people will have nothing to loose before much longer. DC better wake up and wake up fast.
 
I picked this up on another board,

"CNBC guy finally figured INTC earnings out-- China appears to be on fire based on Asia sales accounting for 59% of revenues..."

If right, it doesn't say much about our economy.

Time will tell.
 
Sarge said:
I picked this up on another board,

"CNBC guy finally figured INTC earnings out-- China appears to be on fire based on Asia sales accounting for 59% of revenues..."

If right, it doesn't say much about our economy.

Time will tell.
Click to expand...

I used to support Intel IT engineering in another life and I've followed them very closely. As good as the numbers are this evening INTC... remember Q4 2008 forecated numbers by INTEL were $12.5-14 Billion. 3 Quarters later... they do $9.29 Billion and that's great?

That's 25-40% LESS than what they were suppose to earn last year. The US Treasury's latest numbers on corporate tax collections proves the current economic/business disasters.

How long before Intel moves a majority of Manufacturing in China and regional Slave Labor rate countries?
 
H,

Right. No one takes longer than a second to say the results are great. Once you digest, one wonders.

They cut the estimates so low, if one doesn't make it they are going to get pummeled.
 
Ok, the Dow and SPX are almost back to the top of their wedgies in a crazy buying frenzy.

Chart says bad juju.

Tick f'ing TOCK. :D
 
Yep, the holiday shopping is going to be so great that Walmart announced they are going to have massive discounts. Guess what? The market tanked on that news.
 
Gallion hedge fund selling might have also impacted today besides Walmart.

Tomorrow jobless claims. 514 the estimate. That is still one half a million a week. Bad, Bad, Bad.

If worse get ready.
 
I don't understand. How can there be a crash with the Fed dumping so many dollars into the economy?
 
FWIW. My top picking games aside, for the wedge failure you still need a break of the lower trendline on the original article, which still has quite a ways to go. :D
 
stocks

One good clear indicator how the economy is doing is looking at the shipping sectors. I think UPS releases quarterly earnings tomorrow. (Thursday) I think FEDEX will very soon.

Everything is moving up.. You can't have a dollar going down, stock market going up, Oil going up, and just about every commodity out there at 14 week highs.

With unemployment high, lower average wages (compared to last year), less credit available, and less spending across the boards.. Consumers can't sustain higher prices and inflation like last year.. There will have to be some sort of correction somewhere, sometime.

I don't view a crash happening until we see higher commodity prices reach the consumer level. I doubt it will happen in October. It will probably happen at a time when the price of gas reaches $3.00+ a gallon nationwide.. and we see a period of higher prices on Flour, Sugar, corn, and rice.. Depending on how quick prices rise, I would guess anytime between Middle November and the end of January. If it crashes before then we know the economy is extremely weak..

Its going to take a little time to find out less Ipods, big screen televisions, cell phones, and Wii's didn't sell as expected this holiday season.
 
I do believe you might be right. I added a chunk to a short position Friday. I had been holding off for a long time. Commercial defaults starting and are likely to build speed.

When the shopping carts at Wallyworld and Costco are barely full it tells me something. My wife and I could not believe how empty most carts were checking out at Costco today. Same last night at Wallyworld in the next town over.

We counted 15 carts with 3 up to 5 or 10 items. Most of the time in the past, they would be stacked to over flowing. We were out if a flash today. Christmas items were barely touched. Most years they would be at least one quarter gone by now.

Costco wine and spirits are now over priced. We went to a wine and spirit store where the same items were less by several dollars. Stocked up early, for the holidays, to avoid the crowds, flu and rising prices.

Costco has moved up to higher priced wines at the wrong time. Not many people popping 50 to 80 bucks for a bottle of wine when you can get great wines at a 90 rating for 7 bucks from CA right now.

Premium gas was 2.78 a gallon today. When it gets over 3 bucks it is going to drag down the economy again. Let me see, 3 gallons of gas or a liter of vodka? That is a tough one. Stills just might be making a comeback if they jack up the prices too high.

I need to hear from other states what they are seeing. CA and AZ are bad and might jade my total outlook.
 
That's interesting. The retail stocks have been on fire for months. Especially the ones w/sh*tty fundamentals. Those might be some good shorts coming up.




Sarge said:
I do believe you might be right. I added a chunk to a short position Friday. I had been holding off for a long time. Commercial defaults starting and are likely to build speed.

When the shopping carts at Wallyworld and Costco are barely full it tells me something. My wife and I could not believe how empty most carts were checking out at Costco today. Same last night at Wallyworld in the next town over.

We counted 15 carts with 3 up to 5 or 10 items. Most of the time in the past, they would be stacked to over flowing. We were out if a flash today. Christmas items were barely touched. Most years they would be at least one quarter gone by now.

Costco wine and spirits are now over priced. We went to a wine and spirit store where the same items were less by several dollars. Stocked up early, for the holidays, to avoid the crowds, flu and rising prices.

Costco has moved up to higher priced wines at the wrong time. Not many people popping 50 to 80 bucks for a bottle of wine when you can get great wines at a 90 rating for 7 bucks from CA right now.

Premium gas was 2.78 a gallon today. When it gets over 3 bucks it is going to drag down the economy again. Let me see, 3 gallons of gas or a liter of vodka? That is a tough one. Stills just might be making a comeback if they jack up the prices too high.

I need to hear from other states what they are seeing. CA and AZ are bad and might jade my total outlook.
Click to expand...
 
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