RLLD 4,275 Posted June 6, 2008 The only thing I have done in this thread is point out exactly how you have been wrong by showing the market has gone up, not down, since your OP. How is that an 'inane position'? I would like to see examples of your "red herring, strawman, and argumentu ad logicam" charges. Hmmmm, interesting, lesseeee.... We should setup some kind of wager to see who can guess which day it falls below 11k, and then after that when it falls below 10k as well Reading comprehension is not your strong suit to be certain, but even you cannot be this stupid, you must be pretending.... Share this post Link to post Share on other sites
LOD01 199 Posted June 6, 2008 None right now.... The unraveling is fun to watch. McMahon...foreclosure. Holyfield...foreclosure.... Who's next? Share this post Link to post Share on other sites
LOD01 199 Posted June 6, 2008 Work it boys!!!!! Dow down 372. Let's get to 400 with 15 minutes to go!!!! Share this post Link to post Share on other sites
Recliner Pilot 61 Posted June 6, 2008 Hmmmm, interesting, lesseeee....Reading comprehension is not your strong suit to be certain, but even you cannot be this stupid, you must be pretending.... Um, I have been 100% correct in my position. The DOW has gone up since your OP. The fact you posted: "We should setup some kind of wager to see who can guess which day it falls below 11k, and then after that when it falls below 10k as well" tells me you were predicting a downturn from 11,796. You didn't say "if", you said "when". Nice try. Share this post Link to post Share on other sites
RLLD 4,275 Posted June 6, 2008 Um, I have been 100% correct in my position. The DOW has gone up since your OP. The fact you posted: "We should setup some kind of wager to see who can guess which day it falls below 11k, and then after that when it falls below 10k as well" tells me you were predicting a downturn from 11,796. You didn't say "if", you said "when". Nice try. I was making a joke about it, not suggesting that it would actually happen, and I cannot beleive I have to actually explain this to you...... Please tell me you are pretending ala Torrid-style, c'mon, you wern't truly serious all this time...you did not actually believe that my brief statement was somehow an expansive assertion of a constant downward spiral or some prediction that those levels were inevitable.....no way, I don't buy it.....not even you are that moronic... Share this post Link to post Share on other sites
Recliner Pilot 61 Posted June 6, 2008 I was making a joke about it, not suggesting that it would actually happen, and I cannot beleive I have to actually explain this to you...... Please tell me you are pretending ala Torrid-style, c'mon, you wern't truly serious all this time...you did not actually believe that my brief statement was somehow an expansive assertion of a constant downward spiral or some prediction that those levels were inevitable.....no way, I don't buy it.....not even you are that moronic... More crawfishing and spinning. Share this post Link to post Share on other sites
LOD01 199 Posted June 6, 2008 17 points, 5 minutes to go.....SELL!!!!!!!!!!!!! Share this post Link to post Share on other sites
RLLD 4,275 Posted June 6, 2008 More crawfishing and spinning. Oh my god, you are that stupid Hold on....."everybody chug a beer when the DOW hits 14k...." ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Looooook.....I just "predicted" the DOW will go to 14K, and that it will go up forever in one single statement Share this post Link to post Share on other sites
Recliner Pilot 61 Posted June 6, 2008 Oh my god, you are that stupid Hold on....."everybody chug a beer when the DOW hits 14k...." ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Looooook.....I just "predicted" the DOW will go to 14K, and that it will go up forever in one single statement Whatever helps you get through the day. Share this post Link to post Share on other sites
kutulu 1,703 Posted June 7, 2008 Whatever helps you get through the day. drugs and alcohol :banana: Share this post Link to post Share on other sites
kutulu 1,703 Posted June 10, 2008 Hawkish comments from the Federal Reserve chief and a plunge in China''s market overnight had stock futures in the U.S. signaling a lower open for New York''s major averages Tuesday. S&P 500 futures were losing 14 points to 1349 and were 12 points below fair value. Futures on the Nasdaq 100 were sinking 25 points at 1963 and were roughly 18 points under fair value. Last time out, stocks managed a mixed close as rising energy shares mitigated broader pain, but breadth remained solidly negative, nonetheless. At the end of the day, the Dow Jones Industrial Average climbed 71 points to 12,280, and the S&P 500- added a point to 1362. The Nasdaq Composite lost 15 points to 2459. As the new day began, traders were dealing with a speech from Fed chairman Ben Bernanke, who said the central bank was on guard against on overly rapid increase in prices. The Fed chief said the jump in oil costs "has added to the upside risks for inflation and inflation expectations," even as his expectations for a "substantial downturn" have simultaneously diminished. He added that the Fed "will strongly resist an erosion of longer-term inflation expectations, as an unanchoring of those expectations would be destabilizing for growth as well as for inflation." At the same time, Dow Jones quoted Dallas Fed President Richard Fisher as saying he is forecasting "anemic" growth, but not a recession, and Reuters said the official would be willing to accept a slower economy if that meant inflation would be contained. Also, the Boston Fed''s Eric Rosengren reportedly said inflation was running at an "undesirable" level. Those comments would appear, once again, to suggest that the Fed won''t cut interest rates again following its 325-point easing campaign over the past few months. Some experts have even projected that the Fed could even hike rates in the not-too-distant future amid the inflationary worries. Share this post Link to post Share on other sites
Recliner Pilot 61 Posted June 10, 2008 Dow 12,289.76 +9.44 Share this post Link to post Share on other sites
LOD01 199 Posted June 11, 2008 Dow 12,289.76 +9.44 Ass kicked again today. Share this post Link to post Share on other sites
Recliner Pilot 61 Posted June 12, 2008 Ass kicked again today. I take it by your you don't make enough to have any investments. Must be nice living on Daddy's dime. Hey look what's happened so far today: Dow 12,256.95 +173.18 The lesson here Sonny is that the DOW goes up and it goes down, it's kinda a given. Share this post Link to post Share on other sites
edjr 6,898 Posted June 12, 2008 you know what's hilarious too. When Bush is out of office and Obama takes over. the very 1st day, RP will be here saying how bad the economy is. Share this post Link to post Share on other sites
Recliner Pilot 61 Posted June 12, 2008 you know what's hilarious too. When Bush is out of office and Obama takes over. the very 1st day, RP will be here saying how bad the economy is. Um, I'm on record saying any President has little to do with the economy beyond tax policy. However, it's not just Obama's higher taxes that would hit our economy, his universal healthcare and the rest of his laundry list of entitlement programs would have a negative affect on the economy. On day1? Nope. If he gets his policies passed you focking betcha. Share this post Link to post Share on other sites
kutulu 1,703 Posted June 12, 2008 Um, I'm on record saying any President has little to do with the economy beyond tax policy. However, it's not just Obama's higher taxes that would hit our economy, his universal healthcare and the rest of his laundry list of entitlement programs would have a negative affect on the economy. On day1? Nope. If he gets his policies passed you focking betcha. Why do you hate America? Share this post Link to post Share on other sites
Recliner Pilot 61 Posted June 13, 2008 Why do you hate America? Dow 12,307.35 +165.77 Share this post Link to post Share on other sites
kutulu 1,703 Posted June 13, 2008 Dow 12,307.35 +165.77 Still, the trend is down. Share this post Link to post Share on other sites
kutulu 1,703 Posted June 18, 2008 12,000 may be in sight. Share this post Link to post Share on other sites
kutulu 1,703 Posted June 20, 2008 I still say it will hit 11K before 15K. Share this post Link to post Share on other sites
kutulu 1,703 Posted June 25, 2008 11807.43 cross-currents.net/charts Share this post Link to post Share on other sites
RLLD 4,275 Posted June 25, 2008 Consumer Sentiment is now coming home to roost, while the government can hide inflation with its faux measures, it cannot alleviate the impact on consumer who are clearly holding back on puchases and as such we are observing the brakes hitting the economic picture. The markets will continue to roller coaster for the time being, at least until the Fed raises interest rates, then we might see a true "plunge". Again, everybody chug a beer at 10k.... Share this post Link to post Share on other sites
KSB2424 3,173 Posted June 25, 2008 The Fed will not raise rates today will they? (convene at 2:00pm) I realize that they prolly should, but the way public sentiment is right now, that might put the markets in a tailspin. Right? I admit I don't follow it as closely as some of you guys but it is interesting. Share this post Link to post Share on other sites
kutulu 1,703 Posted June 25, 2008 Again, everybody chug a beer at 10k.... Historically speaking, that's about where it "should" be. Share this post Link to post Share on other sites
mighty_thor 115 Posted June 25, 2008 The Fed will not raise rates today will they? (convene at 2:00pm) I realize that they prolly should, but the way public sentiment is right now, that might put the markets in a tailspin. Right? I admit I don't follow it as closely as some of you guys but it is interesting. I think they will hold them steady unless they grow some balls. But if they dropped them we could see 10000 tomorrow. Share this post Link to post Share on other sites
RLLD 4,275 Posted June 25, 2008 I think they will hold them steady unless they grow some balls. But if they dropped them we could see 10000 tomorrow. Agreed. They will hold off for now, raise them later.... Share this post Link to post Share on other sites
edjr 6,898 Posted June 25, 2008 Mortgage rates have been shooting up and there are more houses on the market now than ever. Go figure Share this post Link to post Share on other sites
KSB2424 3,173 Posted June 25, 2008 Mortgage rates have been shooting up and there are more houses on the market now than ever. Go figure Yup, As a home buyer, whatever gain you may have made on the decrease in house prices today is being negated by the higher interest rates. So not only do the Sellers get the bag, but he buyers aren't coming out any better either. Share this post Link to post Share on other sites
edjr 6,898 Posted June 25, 2008 Yup, As a home buyer, whatever gain you may have made on the decrease in house prices today is being negated by the higher interest rates. So not only do the Sellers get the bag, but he buyers aren't coming out any better either. even as a 1st time buyer, you need incredibly good credit and a down payment of some sort. The foreclosures are just going to keep coming and those houses and will just stay bank owned. Share this post Link to post Share on other sites
Bert 1,128 Posted June 25, 2008 Consumer Sentiment is now coming home to roost, while the government can hide inflation with its faux measures, it cannot alleviate the impact on consumer who are clearly holding back on puchases and as such we are observing the brakes hitting the economic picture. The markets will continue to roller coaster for the time being, at least until the Fed raises interest rates, then we might see a true "plunge". Again, everybody chug a beer at 10k.... All you need is Jimmy Obama to get elected and we have the perfect storm. Double digit unemployment, double digit inflation and double digit interest rates. Dust off the old Misery Index. Share this post Link to post Share on other sites
mighty_thor 115 Posted June 25, 2008 All you need is Jimmy Obama to get elected and we have the perfect storm. Double digit unemployment, double digit inflation and double digit interest rates. Dust off the old Misery Index. Yeah, the economy was so bad under the last democrat prez. Share this post Link to post Share on other sites
RLLD 4,275 Posted June 25, 2008 Yup, As a home buyer, whatever gain you may have made on the decrease in house prices today is being negated by the higher interest rates. So not only do the Sellers get the bag, but he buyers aren't coming out any better either. This factor is part of the reason for increased inventory. The return to traditional lending standards does not allow for current salaries to afford the bullsh!t house prices, making it difficult for homes to be purchased, most profoundly in the areas of the most profound "bubble" actions. As inventory increases the prices naturally fall, and since they have to fall considerably to return to an affordable level buyers who may have initially been shut out due to affordability now wait to see how far it will drop. The reasons will vary but in general we have not yet concluded the first stage which is the correction of prices back to their traditional relationshup with rents and salaries. It is very likely that sentiment will force the houses down even further as people wait to see hjust howfar they will go, but also because rates and the plunging dollar exacerbate their ability to afford. Corrections are never pleasant, and this one is goinf to be rather nasty. The economy will continue to stumble so long as the fed keeps trying to fight the psunami. Share this post Link to post Share on other sites
kutulu 1,703 Posted June 25, 2008 Testing recent lows. If 11,800 can't hold, 10,800 could be the next level of "support". Again, IM borderline retarded opinion. Share this post Link to post Share on other sites
Bert 1,128 Posted June 25, 2008 Yeah, the economy was so bad under the last democrat prez. I wish Obama was more like Bill but he is not. He is, however, eerily similar to that change talking, ultra liberal, windfall profit tax passing, we can negotiating with our hostage taken enemies, peanut farmer. Share this post Link to post Share on other sites
Birdseed 1 Posted June 25, 2008 I wish Obama was more like Bill but he is not. He is, however, eerily similar to that change talking, ultra liberal, windfall profit tax passing, we can negotiating with our hostage taken enemies, peanut farmer. Share this post Link to post Share on other sites
KSB2424 3,173 Posted June 26, 2008 Dow drops 300 points to 21-month low as oil prices hit record intraday high and blue chips get whacked by downgrades Share this post Link to post Share on other sites
