angelatc
Member
- Joined
- May 15, 2007
- Messages
- 50,703
That is it. Nobody wants to give up anything. Cut government and people will starve in the street! Cut the military, and we'll be living under Sharia law in no time!
Stocks: Market Crash Looming
- Thread starter ChooseLiberty
- Start date
That is it. Nobody wants to give up anything. Cut government and people will starve in the street! Cut the military, and we'll be living under Sharia law in no time!
AmericasLastHope
Member
- Joined
- Sep 24, 2007
- Messages
- 952
(Reuters) - U.S. private employers unexpectedly cut 10,000 jobs in August compared to a revised gain of 37,000 in July, a report by a payrolls processor showed on Wednesday.
http://www.reuters.com/article/idUSEAP10340020100901
http://www.reuters.com/article/idUSEAP10340020100901
Since this thread started my market positions more then DOUBLED. So I would have not earned many tens of thousands of $ if I have pulled off back then.
Today I have sold all my positions and would wait for the crash you guys were talking about. But I'll jump right back in after 20% pull back even if you keep supplying all this bad news.
My point is today we live in market pseudo reality where logic does not always move the markets. This thread is important and supplies with some useful info, but I hope people do not take it as a literal trading advice.
Today I have sold all my positions and would wait for the crash you guys were talking about. But I'll jump right back in after 20% pull back even if you keep supplying all this bad news.
My point is today we live in market pseudo reality where logic does not always move the markets. This thread is important and supplies with some useful info, but I hope people do not take it as a literal trading advice.
Wolverine302
Member
- Joined
- Mar 4, 2010
- Messages
- 317
the thread started off warning of a crash, it happened. of course things do not stay down forever.
HOLLYWOOD
Member
- Joined
- Nov 29, 2007
- Messages
- 22,314
It's very difficult to predict the markets collapsing, when you have the world's largest Secret Counterfeiters (FEDERAL RESERVE) throwing monkey wrenches in the gears of an economic decline and dissension of a western civilization.
Additionally, true markets can't react nor operate accurately with a bunch of Blind Buffoons flipping the switches and changing numbers behind the "OZ Curtain".
AnyHoo... there's also money to be made in ANY economy
Additionally, true markets can't react nor operate accurately with a bunch of Blind Buffoons flipping the switches and changing numbers behind the "OZ Curtain".
AnyHoo... there's also money to be made in ANY economy
Last edited:
angelatc
Member
- Joined
- May 15, 2007
- Messages
- 50,703
No Michigan State Fair - first time in 160 years. http://www.mlive.com/news/detroit/index.ssf/2010/09/end_of_an_era_remembering_mich.html#incart_mce
So you think things are getting better?
Con-Way Inc. laying off 200 Monday in Portland. Excuse me, that is a trucking company.
Claim Jumper Restaurants file for BK. How nice that one of their current investors gets to steal the company for millions less. Do ya just think their might be a side deal somewhere going on there? Just saying why is it not being put out to bid?
BAE to cut 300 jobs.
Minnesota hospital to cut 200.
A ton more cutting jobs. A hundred here, a couple hundred there and twenty to thirty every where Too many to list.
Con-Way Inc. laying off 200 Monday in Portland. Excuse me, that is a trucking company.
Claim Jumper Restaurants file for BK. How nice that one of their current investors gets to steal the company for millions less. Do ya just think their might be a side deal somewhere going on there? Just saying why is it not being put out to bid?
BAE to cut 300 jobs.
Minnesota hospital to cut 200.
A ton more cutting jobs. A hundred here, a couple hundred there and twenty to thirty every where Too many to list.
So, FedEx will be closing 100 facilities and cutting 1,700 workers coming up shortly for the Holiday cheer news.
It might just be AZ but, we saw more land for sale up in Eastern AZ than we could believe. It looks like they can barely give it away. We saw large lots with RV vehicles for sale. Not sure those will fly off the lots.
I am seeing them talking about hundreds of job cut potential at every level of schooling and State levels.
Just my guess that by the end of the year, they are going to have to make the cuts. It doesn't take a rocket scientist to see the taxes going up next year along with the start of health care cost fiasco.
It might just be AZ but, we saw more land for sale up in Eastern AZ than we could believe. It looks like they can barely give it away. We saw large lots with RV vehicles for sale. Not sure those will fly off the lots.
I am seeing them talking about hundreds of job cut potential at every level of schooling and State levels.
Just my guess that by the end of the year, they are going to have to make the cuts. It doesn't take a rocket scientist to see the taxes going up next year along with the start of health care cost fiasco.
Here's the good news. Real estate prices will continue to plummet. Sucks for those who over extended themselves and used their house value as a piggie bank for more loans. BUT as housing prices continue to plunge towards a more unbiased and free market price, it means people will be able to actually afford them. Those who save up their money anyway.
Here in Canada, real estate and the economy is no where near as screwed as the USA, but I do expect a draw back in housing prices. Canada is moving it's central banking interest rates up faster then most countries. As this continues to occur, money gets more expensive and mortgage rates go up it will drive housing prices down. I'm 22. SAVE SAVE SAVE. I expect to have a house half paid for in 5-10 years.
My hope is that housing prices plunge in about 2-5 years.
Falling housing prices in the USA is GOOD news. Not bad news.
Sonny Burnett
Member
- Joined
- Aug 10, 2010
- Messages
- 64
The markets will take a serious downturn when the Fed has no choice but to raise interest rates and that should happen in 2012 as this backwards monetary policy can not go on forever.
Well August. was ugly.
Banks repossessed more than 95,000 homes in August. Let us see what Sept. brings.
These people will not be buying much soon. Do ya just think they have several million more to go?
My Bro and I found out the cabin and lodge were we stayed is up for sale. Asking 7M. Not going to happen in our opinion. They have not put any money into redoing the older cabins.
They had big signs up for free foreclosure lists in one town we passed through.
Banks repossessed more than 95,000 homes in August. Let us see what Sept. brings.
These people will not be buying much soon. Do ya just think they have several million more to go?
My Bro and I found out the cabin and lodge were we stayed is up for sale. Asking 7M. Not going to happen in our opinion. They have not put any money into redoing the older cabins.
They had big signs up for free foreclosure lists in one town we passed through.
newyearsrevolution08
Member
- Joined
- Dec 17, 2007
- Messages
- 4,662
I am just hoping to have enough funding to afford decent land this up coming year. I want nothing but acreage and to build my own spot on them. No point in being in the city anywhere and want to finally end up as self sufficient as possible.
As far as markets crashing, I say good. It never should have been there in the first place. It promotes b.s. business practice with those who can actually affect us personally including our health and safety.
I know the time to be buying houses is coming to me, now to hope I end up with enough cash to make it happen. Many people ended up generating real wealth on any housing market upswing, the issue is going over your means and thinking the bubble will never pop that really messed people up.
Talk about a cycle, sad but come on people you can almost spot when its gunna happen.
As far as markets crashing, I say good. It never should have been there in the first place. It promotes b.s. business practice with those who can actually affect us personally including our health and safety.
I know the time to be buying houses is coming to me, now to hope I end up with enough cash to make it happen. Many people ended up generating real wealth on any housing market upswing, the issue is going over your means and thinking the bubble will never pop that really messed people up.
Talk about a cycle, sad but come on people you can almost spot when its gunna happen.
HOLLYWOOD
Member
- Joined
- Nov 29, 2007
- Messages
- 22,314
Nevada unemployment in reality, is like 20%, especially in the socialist center of Clark county / Las Vegas Metro area.
Nevada unemployment rises to 14.4 percent
By JENNIFER ROBISON
LAS VEGAS REVIEW-JOURNAL
Job seekers line up outside Nevada JobConnect on Maryland Parkway before it opened on Aug. 20.
JESSICA EBELHAR/LAS VEGAS REVIEW-JOURNAL
Even as thousands of Nevadans abandoned the state's workforce, unemployment in the Silver State has risen to a record yet again, new numbers reveal.
The latest statistics from the Department of Employment, Training & Rehabilitation show a statewide jobless rate in August of 14.4 percent, up from 14.3 percent in July and 12.5 percent in the same month a year earlier.
Unemployment in Las Vegas fell to 14.7 percent, down from 14.8 percent in July but up from 13 percent in August 2009.
Nationally, joblessness was at 9.6 percent in August.
Since May, Nevada has posted the nation's highest jobless rate. Roughly 192,000 Nevadans lack jobs and are looking for work, with 142,000 of them living in the Las Vegas Valley.
More than 10,000 workers left the labor pool in August, either because they were too discouraged to seek jobs or because they decided to try their fortunes outside the state.
"The hot summer days of August did little to stimulate Nevada's economic fortunes," said Bill Anderson, chief economist for the employment department, in a statement. "Readings of key labor market indicators continue to show moderating losses."
Private employers added 2,300 jobs in the month, but the public sector offset those gains with 3,000 cuts, particularly among Census workers.
Employment department economists attributed the slight improvement in Las Vegas to seasonal hiring.
Contact reporter Jennifer Robison at [email protected] or 702-380-4512.
Nevada unemployment rises to 14.4 percent
By JENNIFER ROBISON
LAS VEGAS REVIEW-JOURNAL
Job seekers line up outside Nevada JobConnect on Maryland Parkway before it opened on Aug. 20.
JESSICA EBELHAR/LAS VEGAS REVIEW-JOURNAL
Even as thousands of Nevadans abandoned the state's workforce, unemployment in the Silver State has risen to a record yet again, new numbers reveal.
The latest statistics from the Department of Employment, Training & Rehabilitation show a statewide jobless rate in August of 14.4 percent, up from 14.3 percent in July and 12.5 percent in the same month a year earlier.
Unemployment in Las Vegas fell to 14.7 percent, down from 14.8 percent in July but up from 13 percent in August 2009.
Nationally, joblessness was at 9.6 percent in August.
Since May, Nevada has posted the nation's highest jobless rate. Roughly 192,000 Nevadans lack jobs and are looking for work, with 142,000 of them living in the Las Vegas Valley.
More than 10,000 workers left the labor pool in August, either because they were too discouraged to seek jobs or because they decided to try their fortunes outside the state.
"The hot summer days of August did little to stimulate Nevada's economic fortunes," said Bill Anderson, chief economist for the employment department, in a statement. "Readings of key labor market indicators continue to show moderating losses."
Private employers added 2,300 jobs in the month, but the public sector offset those gains with 3,000 cuts, particularly among Census workers.
Employment department economists attributed the slight improvement in Las Vegas to seasonal hiring.
Contact reporter Jennifer Robison at [email protected] or 702-380-4512.
Last edited:
08,
Good luck on getting your land.
H,
Yep,
NV leads the nation on unemployment. Mlore to follow IMHO.
House and Senate approve themselves raises and then instead of taking off 1 week early to campaign, they are now talking about taking off three weeks early. So that raise just became a higher raise.
How about they take off 52 weeks with no pay?
Running home to get re-elected to go back latter and screw us some more.
When will all wake up?
Good luck on getting your land.
H,
Yep,
NV leads the nation on unemployment. Mlore to follow IMHO.
House and Senate approve themselves raises and then instead of taking off 1 week early to campaign, they are now talking about taking off three weeks early. So that raise just became a higher raise.
How about they take off 52 weeks with no pay?
Running home to get re-elected to go back latter and screw us some more.
When will all wake up?
newyearsrevolution08
Member
- Joined
- Dec 17, 2007
- Messages
- 4,662
I think people need to start focusing on generating their own income verus worrying about the jobs that should be ours but are going elsewhere. If anything it will allow more independent people working without being tied into the system where someone else gives them a paycheck.
unemployment is terrible but imagine how the owners of the companies who are currently tanking feel. Not only are they losing their asses but they also have to deal with the many employees of theirs losing jobs as well. I owned a business or two so far and I felt bad letting people go especially when they were around for sometime.
You do what you have to do but those businesses that made America great are gone and we need to reinvent exactly what it was that made our country so great. It was US who went out and invented, made things, found things, dug things, built things and happily BOUGHT AMERICAN as well.
unemployment is terrible but imagine how the owners of the companies who are currently tanking feel. Not only are they losing their asses but they also have to deal with the many employees of theirs losing jobs as well. I owned a business or two so far and I felt bad letting people go especially when they were around for sometime.
You do what you have to do but those businesses that made America great are gone and we need to reinvent exactly what it was that made our country so great. It was US who went out and invented, made things, found things, dug things, built things and happily BOUGHT AMERICAN as well.
HOLLYWOOD
Member
- Joined
- Nov 29, 2007
- Messages
- 22,314
BLOCKBUSTER FILE BANKRUPTCY...
[url]http://www.marketwatch.com/story/blockbuster-may-file-for-bankruptcy-2010-03-16[/URL]
[h2]Blockbuster says it may file for bankruptcy; shares plunge[/h2]
SAN FRANCISCO (MarketWatch) -- Blockbuster Inc. shares plunged further into penny-stock territory Wednesday after the struggling home-video-rental company said in a regulatory filing that it will likely file for bankruptcy if it's unable to address its debt load.
Reuters Shares of Blockbuster fell 12 cents, or 29%, to 28 cents a share. The company's market capitalization now totals about $34 million, or just a fraction of its fourth-quarter revenue of $1 billion. The company reported an operating loss of $394 million in the period.
Because of its losses and "the increasingly competitive industry conditions," the company sees "substantial doubt about our ability to continue as a going concern," according to the company's filing.
Blockbuster said if its operating results don't improve and if it is unable to refinance or restructure its debt, it "could require us to pursue a restructuring of our indebtedness or file for protection under the U.S. Bankruptcy Code." See full Blockbuster filing.
Last month, Movie Gallery Inc., which also owns Hollywood Video, filed for Chapter 11 bankruptcy protection. It is liquidating at least 760 stores.
Blockbuster's debt, including capital lease obligations, totaled $964 million as of Dec. 31, according to its financial filings. The company issued a similar warning nearly a year ago, but was able to improve its liquidity through widespread store closings and amended agreements with creditors to delay debt payments.
It will have to make $112.5 million in principal payments on its debt this year.
[url]http://www.marketwatch.com/story/blockbuster-may-file-for-bankruptcy-2010-03-16[/URL]
[h2]Blockbuster says it may file for bankruptcy; shares plunge[/h2]
SAN FRANCISCO (MarketWatch) -- Blockbuster Inc. shares plunged further into penny-stock territory Wednesday after the struggling home-video-rental company said in a regulatory filing that it will likely file for bankruptcy if it's unable to address its debt load.
Reuters
Because of its losses and "the increasingly competitive industry conditions," the company sees "substantial doubt about our ability to continue as a going concern," according to the company's filing.
Blockbuster said if its operating results don't improve and if it is unable to refinance or restructure its debt, it "could require us to pursue a restructuring of our indebtedness or file for protection under the U.S. Bankruptcy Code." See full Blockbuster filing.
Last month, Movie Gallery Inc., which also owns Hollywood Video, filed for Chapter 11 bankruptcy protection. It is liquidating at least 760 stores.
Blockbuster's debt, including capital lease obligations, totaled $964 million as of Dec. 31, according to its financial filings. The company issued a similar warning nearly a year ago, but was able to improve its liquidity through widespread store closings and amended agreements with creditors to delay debt payments.
It will have to make $112.5 million in principal payments on its debt this year.
Jobless claims up 465K. Consensus was for 450K. Prior week revised up.
Abbott Labs to cut 3K jobs. H, mentioned Blockbuster. Dillard's closing 2 Florida stores and cutting 100 jobs. Bank of America to cut 400 jobs. Texas talking about they might have to cut close to 10K jobs.
In the mean time the Senate is getting ready to give all our lakes and oceans to the UN today.
Taxes kick in on Obama care including taxes on artificial limbs, 3.8 percent tax on sale of your house if you earn more than 200K. Of course they will lower that shortly after they see what this boondoggle is going to cost.
Abbott Labs to cut 3K jobs. H, mentioned Blockbuster. Dillard's closing 2 Florida stores and cutting 100 jobs. Bank of America to cut 400 jobs. Texas talking about they might have to cut close to 10K jobs.
In the mean time the Senate is getting ready to give all our lakes and oceans to the UN today.
Taxes kick in on Obama care including taxes on artificial limbs, 3.8 percent tax on sale of your house if you earn more than 200K. Of course they will lower that shortly after they see what this boondoggle is going to cost.
audienceofone
Member
- Joined
- Jan 22, 2010
- Messages
- 38
So a new shopping center is opening nearby and of course local news tries to use this as a sure sign the economy is fine again and all is well. They have a job fair so people can apply for the 650 minimum wage service jobs that will be available.
FIVE THOUSAND people showed up.
Mostly highly educated college people with masters degrees.
And the paper reports all this like its normal.
FIVE THOUSAND people showed up.
Mostly highly educated college people with masters degrees.
And the paper reports all this like its normal.
Similar threads
- Featured
