Gee, Are the big time players buying these dogs? NO! They know this market is highly toxic waste. The only people "wondering" (ie pumping) if it's time to buy stocks are those who make a living off of people buying stocks.
If you had to "work" to stay even, then perhaps you shopuld stop trading options. This week was like shooting fish in a barrel. The best day I had was Friday, the evil Triple Witch. It's easy. The economy sucks. The price of oil sucks. The dollar sucks. Employment # sucks. inflation # sucks. et al. infinitum. WHAT WOULD MAKE ANYONE THINK IT IS A GOOD IDEA TO GO LONG IN THIS MARKET?
SweetHomeKilla, The banks aren't taking on to many mortgages because they don't have much cash, and what they do have they are clinging to. GREAT ARTICLE!
P.S. The banks are borrowing more EVERY day now from the discount window than EVER. It's not going down, so when does this "save and invest economy" kick in? WAKE UP!
Ben is about at the end of his rope. Why would he stress the point of the strength of the U.S. dollar? It is the Treasury Depts. job to "manage" the strength of the greenback, NOT the Federal Reserve. Ben and crew have stepped on a lot of toes in the quest to de value it, now he is the "Great Green Hope"?
Consumer Spending: The Reality of Zero [View article]
Curious Cat, I did not write that this is the way it SHOULD be. I wrote about the way it is. Our leaders are but twisted serpents, not trusted servants. While your points would ultimately help humanity, they would not IMMEDIATELY put money into the coffers. Our CONgress, both Republican and Democrat, have no interest in gambling on change when they have cash cows such as the sin taxes at their DISPOSAL.
Consumer Spending: The Reality of Zero [View article]
Curious Cat, If Joe Six Pack cut back on cigarettes and booze, WE WOULD HAVE NO TAX REVENUE! I agree that everyone is responsible for making their way in life. That same caveat should hold true for Govt. fiscal spending, which brings me back to the first sentence of my comment. While the "EXTRAS" seem to be the items we should be cutting back on, the reality is that taken together they basically fund the operating costs of our countery.
Uhh... apparently a couple of you haven't been following Meredith Whitney. Let C pay the divvy all the way down to the basement. It really doesn't matter. Oversubscribed? let's see 'em put out another issue. They can't. C is on the govt. dole along with it's peers and you people believe the dividend is a big issue for them? WAKE UP SHEEPLE!
One example: The mighty C is basically an insolvent institution and will continue to help weigh down any index it is included in. How can any one logically state that the financials are oversold based on chart criteria alone? The financials have BILLIONS and BILLIONS in losses yet to come. Uhhh... it is possible for stocks to reach $0
They are building APARTMENT complexes for Gods sake! Since there is a glut of new/existing homes that are not selling, the builders are now going to glut another market. GOOD INFLATION NUMBERS?!?! What rock did this guy crawl out from under? Keep your day job flippin' burgers.
U.S. Monetary Policy: Defending the Status Quo [View article]
Mr. Mason, are you DELUSIONAL? The Clinton administration never had a "surplus." The illusion was created by STEALING money from the Social Security fund. It is fact. Your statement is a widely held belief by people who don't check the facts.
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