The stock market thread part 2

#126
#126
Vol Mania 21 said:
saw this morning where economists were saying that the recession will get worse thru out the year, and that we can expect unemployment to hit 9%
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I guess it's good that this is the same forecast we were hearing a few months ago...at least the predictions aren't getting worse as they did from November into January.
 
#127
#127
TheDeeble said:
Just a question, not questioning anyone's authority.

How is it so many people can differ on the status of banks? I check on on various economy websites, and try to pay attention somewhat to Nouriel Roubini since he kinda predicted this mess. He's said banks are insolvent, need to be recapitalized, and should be nationalized.

I've confessed on here I'm no pro on stocks/markets, it's just it seems odd that so many professionals and economists can be polar opposites on the status of banks/the direction of the economy. Doom and gloom vs a least a little optimism.
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roubini was right, but the guy is always predicting armageddon. i read his stuff and it is bordering on hysteria at this point.
 
#128
#128
droski said:
roubini was right, but the guy is always predicting armageddon. i read his stuff and it is bordering on hysteria at this point.
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Amazing how we cling to someone who got a prediction right. The "broken clock" analogy comes to mind.
 
#130
#130
I was reading this weekend, the very best pronasticators on the stock market were right 60% of the time, the majority were right less then half the time.
 
#133
#133
droski said:
the market is all trading on technicals here. when the reversal comes we will see 8,000 on the dow very very quickly IMO.
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and going almost 100% technical tells me that irrationality has reached it's peak, from which it should retreat quickly.

Fundamentals has to matter at some point and you would think that point is very, very soon.
 
#134
#134
its trading on 100% Technicals. I am looking for a bottom of 720 to as low as 690 on the S&P 500. Once we reach that, and some things happen(adjust m2m or uptick rule brough back) I am looking for a massive rally.

I love it how CNBC talks all day about C and BAC and dont even mention GE, which is down 6% and has been in free fall mode for months
 
#135
#135
I noticed that GM's market cap is down to 1.12 billion. I never thought I'd see the day when GM would be dancing the line of a small cap stock :blink:
 
#139
#139
#141
#141
Who needs a free market economy when you can just run a company into the ground then have the government pay off your debts? It's the American way!
 
#142
#142
we are going to gap down and get crushed tomorrow.

Obama just spoke and didnt even mention the markets, but he is mentioning health care and raising taxes (just what the market wants to hear on a down 250 day)

No details= sell

Go Caps... Awesome game on NBC the other day
 
#143
#143
obama clearly doesnt' give a crap that the market is tanking. getting reelected is far more important to him than the american people.
 
#144
#144
VolsNSkinsFan said:
we are going to gap down and get crushed tomorrow.

Obama just spoke and didnt even mention the markets, but he is mentioning health care and raising taxes (just what the market wants to hear on a down 250 day)

No details= sell

Go Caps... Awesome game on NBC the other day
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Aye, I'm a season ticket holder and seeing the Pens fans crying into their yellow towels was priceless :rock:
 
#146
#146
allvol123 said:
Chicken Little will deliver the bounce tomorrow during prime time!
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It's interesting that Obama knows how to stop the bleeding of the markets, but he doesn't do CRAP about it...D@mn those evil rich folks.
 
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#147
#147
myrobbins7 said:
It's interesting that Obama knows how to stop the bleeding of the markets, but he doesn't do CRAP about it...D@mn those evil rich folks.
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The simplest solution is always correct, right? The rich people have money, therefore their greed caused the economic crisis. Obama et al.'s logic is troublesome to say the least.
 
#149
#149
droski said:
roubini was right, but the guy is always predicting armageddon. i read his stuff and it is bordering on hysteria at this point.
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That may be true, but you probably know enough about markets to know what's what. I imagine a lot of people that don't are listening real hard to what he's saying and that hysteria is getting air time. Negativity like that can't be helping.
 
#150
#150
VolsNSkinsFan said:
I love it how CNBC talks all day about C and BAC and dont even mention GE, which is down 6% and has been in free fall mode for months
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cnbc is attempting to short this market into submission.

I'm seriously considering shorting ge tomorrow. Screw cnbc.
 
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