Stocks: Market Crash Looming
- Thread starter ChooseLiberty
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ChooseLiberty
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My bad, that was just the the trendline from July, the big trendline from the first post is going to be about Dow 9600 tomorrow.
I'm guessing it gets a bounce off the big line before it breaks. Then again it could just bounce and keep going.
The S&P broke the March trendline today.
But still crash threat level ORANGE.
I'm guessing it gets a bounce off the big line before it breaks. Then again it could just bounce and keep going.
The S&P broke the March trendline today.
But still crash threat level ORANGE.
Looks like the Dow broke below that lower trendline today. The last index to break down due to PPT.
Now what will CNBC cheerlead about?
Crash Threat Level = ORANGE!
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A
Arklatex
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GS also broke below their 50 day moving average tonight.
http://blog.afraidtotrade.com/oops-goldman-sachs-gs-cracks-under-50-day-average/
Since they are so into taking our money, I want all to see this. Payback just might be a bitch shortly. Did I just say short? 10.76 M shorts might be happy to see that tonight.
http://blog.afraidtotrade.com/oops-goldman-sachs-gs-cracks-under-50-day-average/
Since they are so into taking our money, I want all to see this. Payback just might be a bitch shortly. Did I just say short? 10.76 M shorts might be happy to see that tonight.
GDP 3.5 vs. 3.0 estimate or GS quickie revision yesterday to 2.7 retards.
But, jobless claims 530K vs. 525K estimated.
"Burger King Corp.'s fiscal first-quarter profit slipped 6 percent as recession weary diners stayed home, the company said Thursday."
No jobs means, less buying burgers.
But, jobless claims 530K vs. 525K estimated.
"Burger King Corp.'s fiscal first-quarter profit slipped 6 percent as recession weary diners stayed home, the company said Thursday."
No jobs means, less buying burgers.
HOLLYWOOD
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Borrow Borrow Borrow... Pump Pump Pump!
I went to the ATM last night and took out $10,000 against my credit cards... I increased the GDP of our household 100% WooHoo!
Government Crap, it must be all the tents being produced for the homeless and new construction sites called: Tent Cities or maybe the 30+ million on food stamps?
Oh they have to extend all Emergency Unemployment Insurance for anyone who UI expires through the end of the year and additional 14 weeks and if your state is at 8.5% or greater get an additional 20 weeks.
What a Farce!
I went to the ATM last night and took out $10,000 against my credit cards... I increased the GDP of our household 100% WooHoo!
Government Crap, it must be all the tents being produced for the homeless and new construction sites called: Tent Cities or maybe the 30+ million on food stamps?
Oh they have to extend all Emergency Unemployment Insurance for anyone who UI expires through the end of the year and additional 14 weeks and if your state is at 8.5% or greater get an additional 20 weeks.
What a Farce!
H,
That gave me a good laugh on the credit cards.
Right you are on the rest. Ex out the clunkers, housing credits and and other govt programs and it is not good. Loosing 2M plus jobs each months with no let up in sight is not good.
The cost of things is moving up. Last night my wife opened a box of macaroni to cook as she said boy there is not much in the box. She started checking and they have shrunk the box but not the price. It was so obvious she noticed the difference.
Taxes moving up. Cook County, Illinois up 6 percent and most other states up 4.5 percent increases on property taxes.
Income down for most with less income and less interest income.
That gave me a good laugh on the credit cards.
Right you are on the rest. Ex out the clunkers, housing credits and and other govt programs and it is not good. Loosing 2M plus jobs each months with no let up in sight is not good.
The cost of things is moving up. Last night my wife opened a box of macaroni to cook as she said boy there is not much in the box. She started checking and they have shrunk the box but not the price. It was so obvious she noticed the difference.
Taxes moving up. Cook County, Illinois up 6 percent and most other states up 4.5 percent increases on property taxes.
Income down for most with less income and less interest income.
Picked this up from TF.
http://market-ticker.org/archives/1553-Here-It-Comes...-Option-ARMs.html
50 percent. Once those interest rates move up their goose is cooked.
LV already has 1 in 20 houses getting a foreclosure notice.
There are going to be more tent cities before this is over. The resets start going up every month through next two years. If they are at 50 percent now what is it going to be like in six months?
http://market-ticker.org/archives/1553-Here-It-Comes...-Option-ARMs.html
50 percent. Once those interest rates move up their goose is cooked.
LV already has 1 in 20 houses getting a foreclosure notice.
There are going to be more tent cities before this is over. The resets start going up every month through next two years. If they are at 50 percent now what is it going to be like in six months?
With all that great happy news on how great things are with the economy today on CNBC and BO things are better today speech, I thought I would share these for a little reality check.
http://www.hanys.org/news/?date=2009-10-29
http://boston.bizjournals.com/boston/stories/2009/10/26/daily47.html
Things still sound great? Hey NY and NJ, what are you going to do if the hospital close. -6 percent revenue for how long?
http://www.hanys.org/news/?date=2009-10-29
http://boston.bizjournals.com/boston/stories/2009/10/26/daily47.html
Things still sound great? Hey NY and NJ, what are you going to do if the hospital close. -6 percent revenue for how long?
Wait, you mean Chicago has the same problem and going to be cutting hundreds at hospitals?
http://www.chicagodefender.com/article-6615-proposed-hospital-cu.html
Getting the picture yet folks? You think waits at a hospital are long now?
http://www.chicagodefender.com/article-6615-proposed-hospital-cu.html
Getting the picture yet folks? You think waits at a hospital are long now?
ChooseLiberty
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The cabal is stll trying to keep the Dow around 10k for the sheeple.
The wedgie is still intact.
The wedgie is still intact.
Thank you. Now for the most part the Fed has shot their wad on POMO, we shall see where things head. Alt A and Prime are going to put us right back in the swirl bowl. 50 percent behind the 8 ball on default right now and resets moving on up.
Take a look. It doesn't seem they offer a plan B where to go in Memphis,
http://www.commercialappeal.com/news/2009/oct/29/med-submits-plan-to-close-er/
Take a look. It doesn't seem they offer a plan B where to go in Memphis,
http://www.commercialappeal.com/news/2009/oct/29/med-submits-plan-to-close-er/
Original_Intent
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Sarge, please explain to me how fewer doctors and less medical equipment lowers healthcare costs? It's more than my poor little supply/demand brain can handle!
I know they are going to lower costs because Nancy Pelosi said so! She crossed her heart and everything! (OK, I mean the place where a human heart would be, not sure where a reptilian keeps their heart or if they even have one.)
I know they are going to lower costs because Nancy Pelosi said so! She crossed her heart and everything! (OK, I mean the place where a human heart would be, not sure where a reptilian keeps their heart or if they even have one.)
OI,
This is about States being broke, the hospitals loosing money, and the States with declining income from taxes, and not having the money to help the hospital to survive.
Fewer doctor's and nurses are going to drive up the cost of health care due to longer waits to get admitted, more suits for negligence due to lack of staff or timely admissions and deaths as a result.
I was talking to everyone I knew, 20 years ago that this was coming, and they all looked at me like I was off the wall. I was also talking about the lack of people going into the medical field and how it was going to bite us now. Well here it is. Medical schools and nursing down. Aging population up. The kicker is with the state deficits there are going to be many people dying due to lack of care before long.
Now have those jump in and say let the old ones die. Well, if you are young and you can't get ER treatment you are in the same boat.
You think there are medical errors now, you have not seen anything yet. Fewer nurses to document more patients with paper work and less time to care for patients. Ditto Doctor's.
I worked the field for 30 years, and could see it coming. Treat you current doctor nice because, if they retire you just might have a hard time finding another one. Thank your doctor for all his or her care over the years. I do. That might be the best thank you that you ever gave. Be sincere though.
Bottom line less will not be better, and it will raise costs in the end. Wait until you see the burn out of the medical community. One can only work so many hours a day before your body shuts down and errors happen.
This is about States being broke, the hospitals loosing money, and the States with declining income from taxes, and not having the money to help the hospital to survive.
Fewer doctor's and nurses are going to drive up the cost of health care due to longer waits to get admitted, more suits for negligence due to lack of staff or timely admissions and deaths as a result.
I was talking to everyone I knew, 20 years ago that this was coming, and they all looked at me like I was off the wall. I was also talking about the lack of people going into the medical field and how it was going to bite us now. Well here it is. Medical schools and nursing down. Aging population up. The kicker is with the state deficits there are going to be many people dying due to lack of care before long.
Now have those jump in and say let the old ones die. Well, if you are young and you can't get ER treatment you are in the same boat.
You think there are medical errors now, you have not seen anything yet. Fewer nurses to document more patients with paper work and less time to care for patients. Ditto Doctor's.
I worked the field for 30 years, and could see it coming. Treat you current doctor nice because, if they retire you just might have a hard time finding another one. Thank your doctor for all his or her care over the years. I do. That might be the best thank you that you ever gave. Be sincere though.
Bottom line less will not be better, and it will raise costs in the end. Wait until you see the burn out of the medical community. One can only work so many hours a day before your body shuts down and errors happen.
HOLLYWOOD
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hey add 50 million more bodies, yes, you will have illegals and foreigners flocking from around the planet for Uncle Sugar's shitty health care. Then comes the price increases, down goes the quality, down goes our savings and wealth paying for the increases over the years. Remember FDR... NO ONE will ever pay more than 1% or $300 a year for Social Security. YEAH, we see where that has gone today.
Did anyone ever bring up to these socialist bastards the big Deficits the NHS in England and Romney Care in Mass are running? How about how it failed social HC in Hawaii? Oh and using the Nation Health Care as another PONZI scheme for government to use as a Piggy Bank to selling debt?
Don't for get the Progressive 2.5 - 8% penalty/fines of your annual gross incomes for not buying health care.
2000 pages... Pelosi, Hoyer, Clayburn, Obey, Waters, ... fuckin screwball lunatics
Did anyone ever bring up to these socialist bastards the big Deficits the NHS in England and Romney Care in Mass are running? How about how it failed social HC in Hawaii? Oh and using the Nation Health Care as another PONZI scheme for government to use as a Piggy Bank to selling debt?
Don't for get the Progressive 2.5 - 8% penalty/fines of your annual gross incomes for not buying health care.
2000 pages... Pelosi, Hoyer, Clayburn, Obey, Waters, ... fuckin screwball lunatics
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H,
Agree. OMB already pricing it over 1Trillion.
On another note, consumer spending down 0.5 percent in Sept. Now let's see what we do this last quarter.
Personal income down -2.8 percent for the year. 0 change in Sept. Core price index up 1.3 percent for the year. So it is costing us more to live.
Agree. OMB already pricing it over 1Trillion.
On another note, consumer spending down 0.5 percent in Sept. Now let's see what we do this last quarter.
Personal income down -2.8 percent for the year. 0 change in Sept. Core price index up 1.3 percent for the year. So it is costing us more to live.
Let CNBC try and spin this one that all is good.
"9:58 AM Oct. Reuters/UofM Consumer Sentiment: While their view of the economy improved, "consumers continued to voice very dismal assessments of their personal financial situation. These grim financial evaluations, coupled with intentions to increase savings and decrease their indebtedness, will limit any rebound in consumer spending."
"9:58 AM Oct. Reuters/UofM Consumer Sentiment: While their view of the economy improved, "consumers continued to voice very dismal assessments of their personal financial situation. These grim financial evaluations, coupled with intentions to increase savings and decrease their indebtedness, will limit any rebound in consumer spending."
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