Stocks: Market Crash Looming

The Greeks are not going to like anything they come up with. There are already strikes and riots.
 
Rut Roh,

"BN 10:23 *GREECE SOVEREIGN CREDIT RATINGS CUT TO JUNK BY S&P and outlook negative."
 
BREAKING: Unusual price action continued today as the Dow closed below 11k support on serious volume. This could get serious if Goldman Sux has turned off their market manipulation computer.

Traders at the scene commented - "Word on the street is that all these Goldman pr*cks had to wear diapers today in the hearings. Da fif wave is ending peepol. Da fizzif."
 
Bet on higher taxes. Every state is already trying to do that. They are in a race to not cut people and pretend all is well with their musical chairs and high pension benefits. Beat the Fed's to raising taxes first, is the new game.

Bennie gave the warning shot across the bow this am. on spending and debt. Actually it is his second or third warning. Trying to cover himself when it all blows up shortly.

Do you really think these people that agree to spend billions on embassies, them, and on and on care what you think? I am afraid those days are over until we flush them all out.
 
CL,

I heard that it was something else. Also, I heard people saying, after listening to the GS people, they can't believe anyone would invest money with them. Time will tell.
 
I was not able to hear McCain due to a dental appointment today. Just picked up on some threads.

Wouldn't doubt what you say about Mc Change you can believe in. Where have we heard that before?
 
Subtext for the GS hearings:

Senator X: We should break you up.

Goldman: Please don't break us up. We'll be good- that is not to imply we did anything bad.
 
CL,

Thank you. I am not going to listen now. My blood pressure is through the roof and my doctor went on vacation until May 6th. They are not going to do anything about GS. Civil suits might do what they will never do. My opinion.

On another note, take a look at this,

http://www.telegraph.co.uk/finance/...-prevent-Southern-European-debt-collapse.html

I believe we are one thing away, from something happening, that they have no control over to have the whole house of cards collapse. One wrong major thing and they will not be able to respond fast enough. Just think how long it took on Katrina. If things blow everywhere at once, they will get their just crushing for their games.
 
ChooseLiberty said:
Did Goldman write McCain's questions?

Watchout! Softball right down the middle.
Click to expand...

I would love to start an Uncensored adult Financial News Report Cast... yah know how CNBC is like the movie Anchorman? We can do an opposite parity on "Fascist Financial News". maybe a couple of scenes out of the movie Airplane, "When the PRAVDA News reporter is reading the news with a gun to his head"... or Dumbass Pundits making complete morons of themselves... etc

My Segway to your GS/McCain analysis for our viewers CL would be:

Me, LOL, then stating, "Across this country, we have the dumbest fuckin voters on the planet. Arizonans constantly keep reelected that; Chameleon Liberal Shill Mannequin Keating 5 Crony" time after time... well it's time for that 1/2 watt brilliant Juan McTeenSouthCarolina to retire to "A Van, down by the River" or better yet, the cemetery."

On a brighter note... A Posh Kaboom!

New Lake Tahoe Ritz-Carlton Highlands in default ($1 Billion BK)
http://www.rgj.com/article/20100427...hoe-Ritz-Carlton-Highlands-in-default-updated

The Associated Press
Posted: 04/27/2010 05:39:57 AM PDT
Updated: 04/27/2010 05:39:59 AM PDT


TRUCKEE, Calif.—The luxury Ritz-Carlton Highlands at Lake Tahoe may be headed for foreclosure.

A default notice, the first step toward possible foreclosure, was filed against the new Northstar-area hotel on March 31. The default notice filed in Placer County by Bank of America says the hotel is behind on nearly $19 million in payments on loans totaling $157 million.
The hotel was closed April 19 for what was said to be maintenance for the upcoming summer season.

bilde


Avon, Colo.-based East West Resort Development had weeks earlier put nearly $1 billion worth of Northstar real estate development into bankruptcy reorganization.
East West bankruptcy documents say 40 of the 65 employees at its Truckee office have been laid off.
 
Last edited:
Im just sayin... With all this going on.

When I check fox news in the middle of the day and see a supermodel posing as a news anchor telling me about Jenna Jameson (yes the porn star) getting decked by her cage fighter husband time has to be short.

Remember when Circut City went under? We finally found a use for that empty building. Its now a thrift store/homeless shelter. And for the first time it stays busy. Call it a recovery.
 
H,

Thank you. I agree on McCain. We might have a shot at knocking him out this go around. Kyl needs to go likewise.

F,

Some chart and look what is happening today. Downgrade of Spain debt.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a0Wh.5jyX7tM&pos=3

Job cuts coming by the droves. OH, "More than 1,200 jobs were being eliminated on Tuesday, after the Masco Cabinet Group announced it was closing its Hopewell Road facility."

Many more in the 50 to 100 range.
 
Sarge said:
H,

Thank you. I agree on McCain. We might have a shot at knocking him out this go around. Kyl needs to go likewise.

F,

Some chart and look what is happening today. Downgrade of Spain debt.

[url]http://www.bloomberg.com/apps/news?pid=20601087&sid=a0Wh.5jyX7tM&pos=3[/URL]

Job cuts coming by the droves. OH, "More than 1,200 jobs were being eliminated on Tuesday, after the Masco Cabinet Group announced it was closing its Hopewell Road facility."

Many more in the 50 to 100 range.
Click to expand...

All these downgrades are only 2-3 years late, eh? Then again we all know too well the conspiring inner circle big boys club.

Somebody look for that big EASY or RESET button. You know the G7/8/20 is conjuring-up some scam to get all out of this.

http://www.bloomberg.com/apps/news?pid=20601087&sid=afJ6nH7KQn8M&pos=5

[h1]Libor for 12-Month Dollars Rises to Highest This Year[/h1]
By Keith Jenkins


data


April 28 (Bloomberg) -- The cost of borrowing dollars between banks for 12 months rose above 1 percent for the first time this year as speculation mounted that the Federal Reserve will tighten monetary policy in the coming year.
The London interbank offered rate, or Libor, for such loans climbed to 1.015 percent, the highest level since Dec. 8 and the first time it surpassed 1 percent since Dec. 16, British Bankers’ Association data showed today.
“The further along the curve we go, the closer we get to an eventual tightening of monetary policy.” said Orlando Green, a fixed-income strategist at Credit Agricole Corporate and Investment Bank in London. “The market is beginning to price in the likelihood of higher interest rates. The move higher in 12- month Libor increases the probability the market will capture a rate move within that time period.”
Signs are emerging that the world’s largest economy is recovering from the deepest recession in seven decades, boosting speculation the Fed will increase interest rates. The U.S. economy expanded at annual rate of 5.6 percent in the fourth quarter of 2009, the best performance in six years, data from the Commerce Department on March 26 showed.
 
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