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marketman54

marketman54
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  • 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!
    Apr 1 10:04 PM | Likes Like |Link to Comment
  • ADP Employment Report Predicts Worst Job Market in Decades [View article]
    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.
    >
    >
    Apr 1 09:50 PM | 2 Likes Like |Link to Comment
  • 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.
    Mar 31 10:15 PM | Likes Like |Link to Comment
  • 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.

    Mar 26 10:30 PM | Likes Like |Link to Comment
  • 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.
    Mar 20 08:54 PM | Likes Like |Link to Comment
  • Cramer Grilled on Jon Stewart [View article]
    You can just add CNBC to the long list of brokers and brokerage houses! Do you know one broker that told their client to get out of the market? I have been managing my own money for 25 years and got out April 2008.

    Not one of my wealthy friends got out. At the time they all had investments far greater than mine. Now the tide has turned - so much for professional advice!!

    Caveat emptor, don't ever trust anyone with your money - they don't give a shit!
    Mar 13 04:15 PM | 7 Likes Like |Link to Comment
  • Resurgent Dollar Leaves Gold in the Dust [View article]
    Truefire's comment pretty much says it all! But you will have to factor in all the new money that is printed and not backed up when no one will buy our treasuries. Add some Jimmy Carter hyper-inflation at some point and gold will soar.

    Gold still smells good to me and should hit $1,500/ounce when inflation starts to kick in.
    Mar 8 02:56 PM | 1 Like Like |Link to Comment
  • Will Najarian's Prediction of a Stock Market Explosion Come True? [View article]
    I am all over the financial news and other than hearing Cramer telling the administration over and over again to suspend the mark to market rule I was not aware of this.

    I think it's worth taking the options chance on this. The whole world knows that if we don't clean up the financial markets the sky will continue to fall.

    Thanks for the tip, I'll roll the dice.
    Mar 8 11:23 AM | Likes Like |Link to Comment
  • When Unemployment Peaks, The Bottom Should Follow [View article]
    The sky is falling and will continue to do so until the housing debacle is corrected.

    Additionally, whenever the unemployment numbers begin to turn downward, this still means even more people will not be out spending money!!!

    We are a consumer driven economy, all the consumers have disapeared!!

    Mar 8 11:07 AM | 2 Likes Like |Link to Comment
  • Evidence That Big Inflation Is Coming [View article]
    I just have a little brain but I have to ask, when your government prints and/or is on the hook to print somewhere between $5 to &7 Trillion dollars to bail out or guarantee loans and all this will be NEW MONEY printed to be put in circulation - you surely have to believe that super inflation is rolling down the highway in the next 18 to 24 months! All the other mumbo jumbo doesn't mean a thing.

    Buy all the gold and TBT you can get your hands on and just wait for the slot machine to pay off!!
    Jan 28 10:53 PM | 1 Like Like |Link to Comment
  • Some Good Charts from World Gold Council Quarterly Report [View article]
    The only thing keeping gold from going to $1,500 is the strong dollar!! As soon as the dollar weakens, gold will do it's historical climb.
    Jan 25 09:20 AM | 4 Likes Like |Link to Comment
  • Distressing Details of the UltraShorts [View article]
    Never own these for any length of time!! They are great to day trade. SKF has made me a ton of money when the financials are taking a beating. DIG and DUG have also been very good when oil has huge swings. Again, you have to sit and watch them until you sell them.

    I am holding TBT for a long position though. TBT is almost a sure bet against the 20 year Treasuries!! When money flows out of treasuries and back into bonds or the market, interest rates will surely rise. If we are lucky enough to get some major inflation with all the trillions being printed - the big lotto jackpot could be at the end of the TBT rainbow!!
    Jan 23 05:48 PM | 5 Likes Like |Link to Comment
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