Can a Stock Market Meltdown Happen from Here? [View article]
Folks, I am no expert but we have so many things going against us. Just consider all of the following items and ask yourself if this next crash is not totally feasible!
The Obama administration is printing money faster than they can get the paper to print it on. Run away inflation is right around the corner after you commit $7 trillion dollars.
Total lack of transparency from our government about how much is being spent, what it is being spent on, what the entry and exit strategies are, taking over entire industries with total lack of judgement.........What type of confidence does this leave us with?
Banking is going to get pounded by personal credit card defaults, more residential mortgage defaults, commercial real estate defaults, existing toxic assets, credit default swaps, hanky panky accounting practices to cook the books...and who the heck knows what else is hiding in the bushes that they are not telling us about.
Our consumer economy has quit consuming! Oops, there goes more job losses and the end of many retailers.
The auto industry is about to collapse along with major stress being put on John Deere, Catepillar, and many other heavy industry suppliers. More job losses, bad for the banks.
The insurance industry is on the brink of a meltdown. Lets hope life insurance holders don't make a run on their companies or I'm sure that many states that guarantee the policies will suffer tremendous losses.
California and 7 other states are almost bankrupt. They will have to borrow a few of Obama's printing presses to stay afloat. I'm sure that this won't cause any panic.
Folks, I don't know about U, but I am scared, very scared because Uncle Sam cannot print enough money to save this sinking ship.
Get ready to short this market and lets just wait for a recovery by 2012 if there are any companies left to work for.
TARP Funds to Common Stock: More Accounting Games [View article]
Existing toxic assets, rising mortgage defaults with increased unemployment, toxic credit default swaps, credit card default payments and toxic commercial real estate - CAN THE METEOR GET ANY BIGGER BEFORE IT HITS THE FINANCIAL MARKETS ?
Folks, I am no genius but I have been wondering why this is all new exciting bad news. I have been posting to these items and wondering why no one has been talking about them and why it has taken the market trading morons to recognize these problems.
Whatever the reason, its time to start shorting this baby and ride it down to 5500, that's right, we will be lucky if it stops there by September!!
Can you even believe that this guy listened to or believes the cheer leaders at CNBC. The same people who day in and day out continued to tell people to buy in the market as it dropped from 14,200 to the lovely levels we have today. Thank you Squawk Box thru Cramer.
Gold has been around forever. It was a currency standard and is still considered an inflation buster. This author must be from some other planet.
Folks, if you don't own gold or gold mining stock get some. We are gonna see levels of Jimmy Carter inflation 15%-22%. You cannot print $7 trillion dollars and not have inflation.
I don't care what Bernanke says, there is no way he will be able to guage when he can turn the interest rate faucet on and off to stop this from happening. He will always be behind the curve and cannot predict this.
The Threat Of GECC's Disappearing Tangible Common Equity Value to the Financial System [View article]
Will Jack Welch still be considered the "MASTER CEO" for creating this FAILING FINANCIAL FIASCO!!
GE could be the final straw that breaks the back of the financial markets and the industrial markets and bring the DOW down to a level of 5000 to 5500 in the next 90 days!
> All this inane talk about a 25% rally! Remember, folk's that's 25% > of what is left, not what the market has fallen. Very big difference! > > > On a $10 stock that has fallen from $50, $40 is an 80% loss. But, > the "big rally" has it up $2.50 for a 25% gain! Wow.....not. Big > deal. > > Sold out, corrupt money managers will take any angle possible to > try to convince you of an improving economy, and some readers fall > for it. Don't be among them who do.
It's a sucker's rally if you are long! You can only be lucky day trading. Every day the rules change and some type of terrible news is deemed good by the market morons.
There is still to much bad news that will be hurling at us at light speed:
Toxic assets are still around. They just did some accounting mumbo jumbo to cook the books. If we did that in our own business we would be put in jail. NO ONE IS TALKING ABOUT THIS!
AIG, FANNIE MAE, FREDDIE MAC are all still not out of hot water. Have we forgotten about these misfits??
The insurance industry is teetering on collapse. They are having problems paying on their annuities. Additionally if life insurance policy holders make a run on their policy cash values, watch out! It will be like a run on the banks during the depression.
GM will be cut in half or less and Chrysler will be gone. There will be 1/3 less people in the auto manufacturing supply business also. There goes about 500,000 more auto jobs.
The banks are still in bad shape and will be in worse shape because the bleeding of continued job losses will create millions of additional mortgage defaults. The unemployed will also be defaulting on their credit card debt in the coming months. NO ONE IS TALKING ABOUT THIS! GE Credit will be in big trouble too!
One more note about the banks. Even with TARP money to lend, who are they going to lend this money to?? I mean, would you lend money to anyone in this economy?
The unemployed and the scared employed and the rest of us are not spending a penny more than we have to. When a consumer based economy doesn't spend money - retail sales will continue to be in the toilet. Watch for many more store closings and job losses in this industry. NO ONE IS TALKING ABOUT THIS!
Commercial real estate is taking a major pounding. Owners of these properties can't get money to refinance. The defaults will be happening soon and the property prices will drop like home prices. Obama can't print enough money to bail out the banks when this happens. NO ONE IS TALKING ABOUT THIS!
Who can buy a house?? They taught people to live on five credit cards and no money down. You can't sell your house and how many people have 20% to put down ? Housing market recover, your guess is as good as mine.
Folks, it is bad and it is going to be worse. When the hard pounding reality of what is actually happening on the street hits wall street the suckers rally will end. Run to your old short standby's: SKF, SRS, FAZ, day trade these when the market turns. Buy gold, any type, you can't print $7 trillion and not have inflation.
I agree with some of the others here. I think we could see the DOW at 5500 by mid summer. REALITY SUCKS BUT THIS IS REALITY.
When you have over 15 million full and part time people unemployed, how can you expect retail sales to go up??
The auto industy will create the next 500,000 unemployed driving retail sales even lower. The collapse of commercial real estate will put another 200,000 out of work.
People will only buy what they need. It's amazing that it takes a financial collapse to see what we really need to live with comfortably.
Three Reasons Commercial Real Estate Could Hold Back a Recovery [View article]
How come no one is talking about this!! George Soros wrote and article a week ago that said there will be a 30% drop in the commercial real estate market and the owners of these properties cannot and will not be able to get financing.
The same goes for credit card defaults. As more and more people loose their jobs, they will not be paying their already maxed out cards.
Things are gonna get really bad, don't be fooled by this B.S. run in the market. Get ready to short the financials.
Seven Uncomfortable Predictions for the Economy [View article]
Like everyone else, I have to agree but you forgot a few things to make it worse.
1. Auto industry layoffs are on the way with all the auto makers. 2. Many more layoffs will be coming in retail, no one is buying anything. 3. The insurance companies may be the next big failures. 4. If the toxic asset program doesn't work, bye bye Miss American Pie. 5. Our government is printing more money than we have paper and spending it on all the wrong things!!! WE ARE FU**ED!!
All in all, the sky is falling - where is Chicken Little when you need him!
I agree with you until the end. The auto industry is gonna shed a whole lotta jobs. Retail will also start shedding more jobs because no one is buying anything. The banks will hemorage some more with the defaults in both consumer credit card debt and defaults in commercial real estate! We will be in buried for the next six months with worse news and even higher unemployment numbers.
Don't count the banks out of losing more people when the toxic asset program fails.
On Apr 01 04:19 PM Mad Hedge Fund Trader wrote:
> Reach for the barf bags! The March ADP private sector employment > report was diabolical once again, showing a loss of 742,000 jobs, > the worst monthly showing in history. Boy, am I getting sick of saying > “worse than expected”. To add insult to injury, February was revised > up from -675,000 to -702,000. Manufacturing has lost jobs for 37 > consecutive months, while services have shed jobs for 27 months, > but services are now losing at a faster rate. Some 1.15 million construction > jobs have been lost in two years. There is no way to sugar coat these > numbers. We will easily top a 10% unemployment rate in the next few > months. Watch out for Friday’s nonfarm payroll report, which will > be a complete disaster. But I believe the numbers this month, or > for April or May, will prove to be the absolute trough of this recession. > >
Gloom and Doom Returns to the Markets [View article]
DOOM AND GLOOM IS HERE!!! DOW DIVES TO 5,000!!!
That's right folks, get ready to jump off the cliff, tell Chicken Little that the sky is gonna fall hard and this is why:
1. The commercial real estate market is gonna bankrupt the banks. The commercial defaults are just starting - retail, small business, medium business, large business.....the REIT's cannot refinance and the occupancy levels are falling faster than the DOW.
2. The auto industry downfall can cause another 300,000 to 500,000 people to be laid off. Oh boy, more entitlement money from Uncle Sam.
3. With more people laid off, people will consume less and retail sales will fall even farther. Bye bye retail and auto sales.......Say so long to the American Consumer. :(
4. CREDIT CARD PAYMENT DEFAULTS: we haven't seen or heard a thing about this yet. Let me see, approximately 10 million full time people without work and maybe 4 million part time people out of work. Who's gonna pay off all of their credit card debt!!!! Watch out banks, if the commercial real estate doesn't kill you maybe the credit card defaults will.
5. Toxic asset program: What fund manager is gonna pay $ 0.70 on the dollar for these assets. I want some of whatever Obama and the rest of the crew are smoking! They probably won't pay $0.30 on the dollar for these assets. Guess the banks won't be selling them.
6. Financial Markets will never recover: If the good banks give back their TARP money, we will know which are the bad banks and short the hell out of them. WOW, I'll bet there a alot of bad banks, I already started my shorts last week along with the big boy traders. This should be good for a 500 point drop once everyone figures out what is going on.
7. Uncle Sam is gonna make Jimmy Carter inflation look like kid's stuff. Thanks to Obama printing more money than we have paper to print it on, we could easily have inflationary rates of 25% or more in a few years. Better buy all the gold you can and save your cash so you can get some great CD's at the new inflationary interest rates just like in the early 1980's.
8. TREASURIES: After they blow another $300 to $400 billion on the treasuries to keep the rates low and the Chinese and the rest of the world blows us off next week at the G20 for being crazy and printing $6 trillion it will be time to buy TBT and short the hell out of the treasuries. You might make enough to have your money be worth what it was before the stuff hit the fan!!!!!
9. GOVERNMENT IS STUPID: That's right, the same retards that got us in this situation are the same retards that are trying to get us out. Do you think they even have a clue?? Sorry to tell ya folks, it's time to take our lumps for letting Washington run us into the ground and not doing a damn thing about it.
We're in Danger of Being Blinded by Market Bottom Predictions [View article]
The bottom has not been found. I don't what these guys trade on in New York and Chicago but this is what I think.
People are still getting laid off and the auto industry is going to be the last giant to fall. We could see fall out of another 300,000 people. No one will be buying cars for 2 more years and Uncle Sam will probably spend $500 billion to save them.
We are not done with AIG yet. They will need another $300 billion to keep from going under. The next wave will be the life insurance companies, they have taken huge losses and if there is a run on policy cash value - watch out.
We haven't seen the effects of credit card default payments yet. This is the next big financial set back for the banks.
We haven't seen commercial real estate defauts yet. This may crush the banks.
What if the toxic asset program is not successful. What if the hedge funds offer $ 0.30 instead of $ 0.70 on the dollar. The banks won't get rid of the assets and we plunge futher into the black hole.
We are a consumer society and with the additional layoffs and basic fear, the consumer has pretty much dissapeared. This will have more impact in the coming months and expect more people in retail will lose their jobs.
Earnings reports are coming out and they can't be pretty.
A trillion here, a trillion there, a trillion trillion everywhere: Uncle Sam is printing more money than we have the paper to print it on. Here comes Jimmy Carter inflation. Get yourself some gold baby and short the treasury after Uncle Sam spends his $400 billion on the notes.
Obama's gonna institute every socialist policy he can. Clean power, healthcare for everyone, more money for education,cradle to grave government!!! Get out your check books folks, Uncle Sam wants you to pay up and pay more for everything. Just when we were doing so well!
Let's bail out some of the states. California and about 8 other states are in deep shit right now. Guess who is gonna help them out!!!! Get in line.
I agree with many other people, the hole is so big and so deep that there is no way to spend our way out of it. Thanks for the rush to spend money.
Three Ways to Take Profit in Gold as Inflation Props Up Prices [View article]
Buy as much gold as you can in both mining and GLD, CEF, GTU.... We're gonna have some good old Jimmy Carter inflation, just hold that GOLD and watch it hit $1,500 to $1,800/ounce.
Can a Stock Market Meltdown Happen from Here? [View article]
The Obama administration is printing money faster than they can get the paper to print it on. Run away inflation is right around the corner after you commit $7 trillion dollars.
Total lack of transparency from our government about how much is being spent, what it is being spent on, what the entry and exit strategies are, taking over entire industries with total lack of judgement.........What type of confidence does this leave us with?
Banking is going to get pounded by personal credit card defaults, more residential mortgage defaults, commercial real estate defaults, existing toxic assets, credit default swaps, hanky panky accounting practices to cook the books...and who the heck knows what else is hiding in the bushes that they are not telling us about.
Our consumer economy has quit consuming! Oops, there goes more job losses and the end of many retailers.
The auto industry is about to collapse along with major stress being put on John Deere, Catepillar, and many other heavy industry suppliers. More job losses, bad for the banks.
The insurance industry is on the brink of a meltdown. Lets hope life insurance holders don't make a run on their companies or I'm sure that many states that guarantee the policies will suffer tremendous losses.
California and 7 other states are almost bankrupt. They will have to borrow a few of Obama's printing presses to stay afloat. I'm sure that this won't cause any panic.
Folks, I don't know about U, but I am scared, very scared because Uncle Sam cannot print enough money to save this sinking ship.
Get ready to short this market and lets just wait for a recovery by 2012 if there are any companies left to work for.
TARP Funds to Common Stock: More Accounting Games [View article]
Folks, I am no genius but I have been wondering why this is all new exciting bad news. I have been posting to these items and wondering why no one has been talking about them and why it has taken the market trading morons to recognize these problems.
Whatever the reason, its time to start shorting this baby and ride it down to 5500, that's right, we will be lucky if it stops there by September!!
Buyer Beware: 30 Biggest Bankruptcy Risks [View article]
How the Gold Game Could End [View article]
Gold has been around forever. It was a currency standard and is still considered an inflation buster. This author must be from some other planet.
Folks, if you don't own gold or gold mining stock get some. We are gonna see levels of Jimmy Carter inflation 15%-22%. You cannot print $7 trillion dollars and not have inflation.
I don't care what Bernanke says, there is no way he will be able to guage when he can turn the interest rate faucet on and off to stop this from happening. He will always be behind the curve and cannot predict this.
The Threat Of GECC's Disappearing Tangible Common Equity Value to the Financial System [View article]
GE could be the final straw that breaks the back of the financial markets and the industrial markets and bring the DOW down to a level of 5000 to 5500 in the next 90 days!
Sucker's Rally Approaching an End [View article]
On Apr 16 11:11 AM bobbobwhite wrote:
> All this inane talk about a 25% rally! Remember, folk's that's 25%
> of what is left, not what the market has fallen. Very big difference!
>
>
> On a $10 stock that has fallen from $50, $40 is an 80% loss. But,
> the "big rally" has it up $2.50 for a 25% gain! Wow.....not. Big
> deal.
>
> Sold out, corrupt money managers will take any angle possible to
> try to convince you of an improving economy, and some readers fall
> for it. Don't be among them who do.
Sucker's Rally Approaching an End [View article]
There is still to much bad news that will be hurling at us at light speed:
Toxic assets are still around. They just did some accounting mumbo jumbo to cook the books. If we did that in our own business we would be put in jail. NO ONE IS TALKING ABOUT THIS!
AIG, FANNIE MAE, FREDDIE MAC are all still not out of hot water. Have we forgotten about these misfits??
The insurance industry is teetering on collapse. They are having problems paying on their annuities. Additionally if life insurance policy holders make a run on their policy cash values, watch out! It will be like a run on the banks during the depression.
GM will be cut in half or less and Chrysler will be gone. There will be 1/3 less people in the auto manufacturing supply business also. There goes about 500,000 more auto jobs.
The banks are still in bad shape and will be in worse shape because the bleeding of continued job losses will create millions of additional mortgage defaults. The unemployed will also be defaulting on their credit card debt in the coming months. NO ONE IS TALKING ABOUT THIS! GE Credit will be in big trouble too!
One more note about the banks. Even with TARP money to lend, who are they going to lend this money to?? I mean, would you lend money to anyone in this economy?
The unemployed and the scared employed and the rest of us are not spending a penny more than we have to. When a consumer based economy doesn't spend money - retail sales will continue to be in the toilet. Watch for many more store closings and job losses in this industry. NO ONE IS TALKING ABOUT THIS!
Commercial real estate is taking a major pounding. Owners of these properties can't get money to refinance. The defaults will be happening soon and the property prices will drop like home prices. Obama can't print enough money to bail out the banks when this happens. NO ONE IS TALKING ABOUT THIS!
Who can buy a house?? They taught people to live on five credit cards and no money down. You can't sell your house and how many people have 20% to put down ? Housing market recover, your guess is as good as mine.
Folks, it is bad and it is going to be worse. When the hard pounding reality of what is actually happening on the street hits wall street the suckers rally will end. Run to your old short standby's: SKF, SRS, FAZ, day trade these when the market turns. Buy gold, any type, you can't print $7 trillion and not have inflation.
I agree with some of the others here. I think we could see the DOW at 5500 by mid summer. REALITY SUCKS BUT THIS IS REALITY.
The Unexpected Retail Decline [View article]
The auto industy will create the next 500,000 unemployed driving retail sales even lower. The collapse of commercial real estate will put another 200,000 out of work.
People will only buy what they need. It's amazing that it takes a financial collapse to see what we really need to live with comfortably.
Wall Street Breakfast: Must-Know News [View article]
Three Reasons Commercial Real Estate Could Hold Back a Recovery [View article]
The same goes for credit card defaults. As more and more people loose their jobs, they will not be paying their already maxed out cards.
Things are gonna get really bad, don't be fooled by this B.S. run in the market. Get ready to short the financials.
Seven Uncomfortable Predictions for the Economy [View article]
1. Auto industry layoffs are on the way with all the auto makers.
2. Many more layoffs will be coming in retail, no one is buying anything.
3. The insurance companies may be the next big failures.
4. If the toxic asset program doesn't work, bye bye Miss American Pie.
5. Our government is printing more money than we have paper and spending it on all the wrong things!!! WE ARE FU**ED!!
All in all, the sky is falling - where is Chicken Little when you need him!
ADP Employment Report Predicts Worst Job Market in Decades [View article]
Don't count the banks out of losing more people when the toxic asset program fails.
On Apr 01 04:19 PM Mad Hedge Fund Trader wrote:
> Reach for the barf bags! The March ADP private sector employment
> report was diabolical once again, showing a loss of 742,000 jobs,
> the worst monthly showing in history. Boy, am I getting sick of saying
> “worse than expected”. To add insult to injury, February was revised
> up from -675,000 to -702,000. Manufacturing has lost jobs for 37
> consecutive months, while services have shed jobs for 27 months,
> but services are now losing at a faster rate. Some 1.15 million construction
> jobs have been lost in two years. There is no way to sugar coat these
> numbers. We will easily top a 10% unemployment rate in the next few
> months. Watch out for Friday’s nonfarm payroll report, which will
> be a complete disaster. But I believe the numbers this month, or
> for April or May, will prove to be the absolute trough of this recession.
>
>
Gloom and Doom Returns to the Markets [View article]
That's right folks, get ready to jump off the cliff, tell Chicken Little that the sky is gonna fall hard and this is why:
1. The commercial real estate market is gonna bankrupt the banks. The commercial defaults are just starting - retail, small business, medium business, large business.....the REIT's cannot refinance and the occupancy levels are falling faster than the DOW.
2. The auto industry downfall can cause another 300,000 to 500,000 people to be laid off. Oh boy, more entitlement money from Uncle Sam.
3. With more people laid off, people will consume less and retail sales will fall even farther. Bye bye retail and auto sales.......Say so long to the American Consumer. :(
4. CREDIT CARD PAYMENT DEFAULTS: we haven't seen or heard a thing about this yet. Let me see, approximately 10 million full time people without work and maybe 4 million part time people out of work. Who's gonna pay off all of their credit card debt!!!! Watch out banks, if the commercial real estate doesn't kill you maybe the credit card defaults will.
5. Toxic asset program: What fund manager is gonna pay $ 0.70 on the dollar for these assets. I want some of whatever Obama and the rest of the crew are smoking! They probably won't pay $0.30 on the dollar for these assets. Guess the banks won't be selling them.
6. Financial Markets will never recover: If the good banks give back their TARP money, we will know which are the bad banks and short the hell out of them. WOW, I'll bet there a alot of bad banks, I already started my shorts last week along with the big boy traders. This should be good for a 500 point drop once everyone figures out what is going on.
7. Uncle Sam is gonna make Jimmy Carter inflation look like kid's stuff. Thanks to Obama printing more money than we have paper to print it on, we could easily have inflationary rates of 25% or more in a few years. Better buy all the gold you can and save your cash so you can get some great CD's at the new inflationary interest rates just like in the early 1980's.
8. TREASURIES: After they blow another $300 to $400 billion on the treasuries to keep the rates low and the Chinese and the rest of the world blows us off next week at the G20 for being crazy and printing $6 trillion it will be time to buy TBT and short the hell out of the treasuries. You might make enough to have your money be worth what it was before the stuff hit the fan!!!!!
9. GOVERNMENT IS STUPID: That's right, the same retards that got us in this situation are the same retards that are trying to get us out. Do you think they even have a clue?? Sorry to tell ya folks, it's time to take our lumps for letting Washington run us into the ground and not doing a damn thing about it.
We're in Danger of Being Blinded by Market Bottom Predictions [View article]
People are still getting laid off and the auto industry is going to be the last giant to fall. We could see fall out of another 300,000 people. No one will be buying cars for 2 more years and Uncle Sam will probably spend $500 billion to save them.
We are not done with AIG yet. They will need another $300 billion to keep from going under. The next wave will be the life insurance companies, they have taken huge losses and if there is a run on policy cash value - watch out.
We haven't seen the effects of credit card default payments yet. This is the next big financial set back for the banks.
We haven't seen commercial real estate defauts yet. This may crush the banks.
What if the toxic asset program is not successful. What if the hedge funds offer $ 0.30 instead of $ 0.70 on the dollar. The banks won't get rid of the assets and we plunge futher into the black hole.
We are a consumer society and with the additional layoffs and basic fear, the consumer has pretty much dissapeared. This will have more impact in the coming months and expect more people in retail will lose their jobs.
Earnings reports are coming out and they can't be pretty.
A trillion here, a trillion there, a trillion trillion everywhere: Uncle Sam is printing more money than we have the paper to print it on. Here comes Jimmy Carter inflation. Get yourself some gold baby and short the treasury after Uncle Sam spends his $400 billion on the notes.
Obama's gonna institute every socialist policy he can. Clean power, healthcare for everyone, more money for education,cradle to grave government!!! Get out your check books folks, Uncle Sam wants you to pay up and pay more for everything. Just when we were doing so well!
Let's bail out some of the states. California and about 8 other states are in deep shit right now. Guess who is gonna help them out!!!! Get in line.
I agree with many other people, the hole is so big and so deep that there is no way to spend our way out of it. Thanks for the rush to spend money.
Three Ways to Take Profit in Gold as Inflation Props Up Prices [View article]
We're gonna have some good old Jimmy Carter inflation, just hold that GOLD and watch it hit $1,500 to $1,800/ounce.