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marketman54

marketman54
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  • Is the Market Reversal Already Happening? [View article]
    My question is - When you know that the fundamentals are all BAD and the market is ALL GOOD, how much are you willing to risk????

    I am not willing to risk anything!! I am only willing to make or lose on a daily DAY TRADE basis because the straw that is going to break the markets back is very near.

    Market bubbles, weak dollar, high unemployment, increasing foreclosures, weak commercial real estate, uncertain financials, weak insurance, no consumption, no job creation.................

    This really scares me! You don't need lots of charts and details to know that something doesn't smell right!
    Nov 22, 2009. 09:25 AM | 16 Likes Like |Link to Comment
  • What Can Stop This Market Rally? [View article]
    Good article. This is all stuff that we all know as we look at the fundamentals of the market and wonder how the hell it went up 40%.

    The question is, what is the straw that will finally break the camels back? Will the Fed. run out of money to feed the machine? Will the brokerage houses decide to take their profits on the makets they made and watch it fall? We know that all the bad news in the world does not effect this market.

    Housing, credit default swaps, dirivitives, credit card defaults, auto loan defaults and commercial real estate refinancing are all still going to plague the financials. Consumers are still not consuming and unemployment is still increasing.

    All these fundamentals that created the first dive are now worse and yet the market goes crazy.

    Our government and the investment houses will crush the little guy in the next collapse and they will NEVER return to this platform of investing.

    I'm sitting on the sidelines waiting for a -2,500 point correction. Who knows, I may have to wait another year!
    Aug 27, 2009. 09:38 PM | 15 Likes Like |Link to Comment
  • A Closer Look At The February Employment Report [View article]
    F*CK the government numbers. Here is where unemployment is based on entrepreners such as myself and my friends that all own businesses.

    I stll have 70% less employees and my dozen friends with businesses still have 40-50% less employees. Our businesses ranged from 12 to 350 employees.

    Millions are off unemployment insurance and millions have never worked and therefore do not even count.

    You want to look at some shocking numbers, check out how the number of people on food stamps went up because their unemployment benefits ran out.
    Mar 11, 2012. 09:40 AM | 14 Likes Like |Link to Comment
  • U.S. Downgraded by S&P - We're AA+ Now [View article]
    Hey guys, they just wanted to save the last positive day the DOW will see for a few months!!!

    This turd has been stinking for the last 36 months. Sure if your a fortune 500 company life isn't to bad. If your anything else, life sucks.

    I can only tell you that as a day trader, I own nothing for more than a few minutes at the most and this market provided me with the greatest long and short minutes these past few weeks with the financials, energy and commodities.

    So now the crooks in Washington are gonna cry that all their F*CKUPS are the cause of someone else!!!

    WELL WASHINGTON, YOU SHOULD ALL BE TRIED FOR TREASON AND RECKING THIS COUNTRY!!!!!

    I can't wait to short this market and it does my heart good to know the hedge fund, insurance companies, institutional traders and my government are getting pounded and the pounding is just starting again.

    I wish nothing but the best for those that are jobless and those that are struggling. We are all going to suffer for the mismanagement of our country, our economy, our financial systems and the people that we elected to protect us and manage us.

    Hold on folks, this is gonna be one ugly and long ride down into a pool of SH*T!!!
    Aug 5, 2011. 10:03 PM | 14 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Print money, throw money, print money, throw money!!!!

    Obama and company seems to think that by doing this with the tsunami of 5 million more forclosures coming in 2010 that we taxpayers can keep footing the bill to prevent the COLLAPSE of the banks, Freddie, Fannie, FHA, that made these bad loans.

    Foreclosures will continue to grow as the millions that are upside down in their loans realize turn their key in too!

    IT AIN'T GONNA WORK! SOMEONE HAS TO FAIL AND BE PUNISHED FOR THEIR GREED!
    Mar 26, 2010. 07:33 AM | 14 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    New lending takes a DIVE so why publish the numbers any longer and bum out small business owners like ME!

    Tens of thousands of small businesses need money to help float us along. The government bailed out all the big boys but they forgot what really drives this economy - SMALL BUSINESS!

    We get bogus numbers all the time each month from our government, why bother giving us that information anymore??? We see what's still happening on main street, we don't need numbers!
    Mar 16, 2010. 08:11 AM | 14 Likes Like |Link to Comment
  • Is There Really Any Private Sector Job Growth? [View article]
    You don't need charts and/or data to see what's going on. Drive past any strip mall, see any vacancies?

    Check the newspapers for auctions, look at the local business advertising sections and help wanted.

    The small businesses of America are on their last leg. Those of us that are left are on our last employees and within six months will also be closed.

    The reality for the private sector is that those that have jobs are not spending all that much money. If people don't buy dinner, clothes, new kitchens, houses, cars, insurance, ......the world doesn't go round and round!
    Mar 7, 2010. 09:50 AM | 14 Likes Like |Link to Comment
  • Existing Home Sales Decline: Much Ado About Nothing? [View article]
    This article is total crap. Nothing over $350K is selling. 2 million more foreclosures are gonna hit the books in 2010. You can't sell your existing home to move up or down unless you want to give it away at a loss.

    The banks are still not lending and unless Uncle Sam is giving away our money, NO IS BUYING A NEW HOUSE!

    Why would you want a new house when you can buy a foreclosure and/or short sale at 40% less????? New home builders can't compete with the foreclosure market.

    LOOK OUT BANKS, 2 MILLION MORE HOT ONES ON THE WAY! Thank God Obama guaranteed Fannie/Freddie/FHA with $500 billion so the taxpayers can bail out the banks a second time when they bundle all the toxic mortgage assets they can and sell them to us at some inflated taxpayer value!!!!!!!!
    Jan 25, 2010. 06:36 PM | 14 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Iceland and Greece bankrupt. The U.S. and many others not far behind. A dozen states almost bankrupt. 26million Americans almost bankrupt. YEP things are better!

    Beige book sees modest improvement! No job creation with record unemployment, record foreclosures, commercial real estate collapse coming, Fannie/Freddie bailed out, FHA right on their heels, sales of everything are down, YEP THINGS ARE BETTER!

    141 banks failed and 530 more on a failed watch list. Yep things are better.

    Commodity prices are rising fast and Uncle Sam is printing up $12.4 trillion worth of debt. Yep things are better!

    TARP is extended with no rules. Yep things are better!

    China is a bubble, Japan machine orders down, U.S. in the toilet so how can the rest of the world recover without us????????

    Pretty soon, no sales, no earnings, no job creation, no more money to print. WOW I CAN'T SLEEP NOW
    Jan 14, 2010. 08:33 AM | 14 Likes Like |Link to Comment
  • Market: Spooked Today, But Panic Attack Is Likely Temporary [View article]
    You want the basics and the fundamentals, it is very easy, here they are:

    1. 26 million out of work and growing.
    2. No one going back to work in over a year.
    3. Unemployment benefits running out.
    4. GM wants another 50 billion or good bye!!
    5. GE wants 80 billion or good bye!!!
    6. Fannie Mae and Freddie Mac are getting flooded with additional foreclosures.
    7. AIG, not worth a penny????
    8. Financials still no clarity, foreclosures up, auto and credit card defaults up, credit swaps no value, loans down.....
    9. Auto sales down from 14 million to 9 million.
    10. Travel and business travel, way down.
    11. Leisure industry down,
    12. Dining down.
    13. Heavy industry, down.
    14. Durable goods, down.
    15. Consumer goods, down.

    Virtually every sector of the market is worse off than a year ago but there is no reflection in the market for this.

    Uncle Sam is spending all my money but has run out. The balloons will pop and we will crash again and the small guy will be hurt a second time.

    If you think there was alot of money sitting on the side now, wait till the second coming!!!

    Things are bad and getting worse and there is nothing that my lying government and HOPEFUL wallstreeters can say that will make me believe that it is anything other than pitiful out on the street.
    Oct 30, 2009. 09:20 PM | 14 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    It would be great James Carlini if we went over the cliff. First of all the middle class would help pay for all the spending that Washington can't stop. Secondly it forces Washington to STOP SPENDING and make immediate cuts in programs, something they can't seem to figure out how to do. I know a million people will lose their jobs which is not good but either is $20 to $30 trillion of debt and loss of free trade and free markets!! Do we want the whole ship to go down or just be dead in the water??

    On to GM - we as taxpayers are going to lose half of the billions that Obama pumped into that worthless dinosaur. They forgave the $50 billion Bush gave them and wiped out half of the other $100 billion plus that Obama bought in stock.

    I HATE OUR GOVERNMENT - everyday its another stupid, bullshit act with absolutely no accountability or worry except for my bank account!
    Dec 19, 2012. 08:36 AM | 13 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Let's continue to play kick the can!!!

    The banks are allowed to determine the value of their losses with voodoo accounting and show us that they are making a profit! I have a friend with JP Morgan and he bundles off mortgages. He states that the banks ARE NOT PROCESSING foreclosures so they don't have to put any additiional debt on the books!!!! They are making money in their trading departments but unless they are like a Goldman Sachs, I don't see how well they can continue to operate especially when the FED starts to raise interest rates and they pull back from the market!

    Surely Citi and BAC can't be as strong as they claim with the slew of 5 million more foreclosures and credit card payment defaults.

    Lets also clean up Wall Street! Yep, maybe if Uncle Sam did his job once in a while and took his nose out of our daily life he would actually figure out what is going on!!! You don't see anyone from the SEC getting called out on the carpet!!!!!!
    Apr 23, 2010. 08:01 AM | 13 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    AIG - raising cash to pay back some taxpayer money! ALMOST ALL IS NOT LOST! Just most of it!

    Unemployment still growing and up 25 out of the last 26 months. Maybe we will see the last wave of layoffs by May! When will we see the first wave of HIRING??????

    FORECLOSURES - Well well well, imagine that! All along the way till now they have been telling us that there were 2 million, NOT 5 MILLION homes going into foreclosure!!! How much more can those of us that are paying taxes afford to contribute so the financial institutions won't go bust!!! Hell, we have $780 billion in tarp and $500 billion guarantee for Fannie/Freddie and I don't know what they will print for FHA????

    Home prices will continue to drop and new construction will fall off the map!!! I just sold my home for 30% less than it was worth 2 1/2 years ago. At least I still came out ahead. Imagine the value of your home dropping another 10% to 20% in the coming year, YIKES!!!!! This is a vicious catch 22 that will haunt us for years to come!!!!

    We haven't heard much from Government Motors and Chrysler but you can bet we ain't gonna see any of our money coming back from them either!!! 700 dealerships closing very soon!!!

    160 bank failures with another 200 on the way this year! Sounds comforting. With 5 million more foreclosures and commercial real estate about to collapse the financials seem like the place to be, don't you agree????

    As long as I'm on the government rant of QUIT SPENDING MY MONEY, I can't wait to see the new jobs bill after the wonderful stimulus 1 plan. If the Dems force the healthcare bill through this may be the straw that breaks the financial back and future of MY COUNTRY!!!!

    Sorry folks, I am having an incredibly difficult time watching everything around me get worse by the day and then be told by almost every media and government resource how much better things are now than they were a year ago. I DON'T SEE IT!!!
    Mar 8, 2010. 09:07 AM | 13 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Let's see, China good, Brazil good, the rest of the world - BAD!!!!!

    I keep wondering how long our government and this market can perpetuate the myth that things are OK!!

    Companies are all beating expectations that are set so low that the revenue/earnings almost don't mean anything! Compare these great numbers to 2007 and you be the judge.

    About 160 banks have failed and 200 plus more are gonna fail in 2010! That makes me feel good!

    Unemployment is still out of control with no relief in sight. The numbers will still continue to rise as this economy sees no real growth. Don't forget 800 GM and Chrysler dealerships will still be closing, another wave of construction workers will go, and small businesses are still closing by the 100's daily............

    Commercial real estate is suppose to bust and 2 million more residential foreclosures are gonna happen this year! Where are all these homeless people living or going to live??? The housing market will not bottom for 2 more years. Fannie, Freddie and FHA are in collapse trouble.

    The banks still have no clarity and yet the market treats them like they are healthy and vibrant! They still have bad credit swaps, there has been no adjustment for old foreclosures that were set back by moratorium by Obama and the 2 million new ones coming down the pike. What is really on the books of these institutions?? My guess is not healthy with 160 small bank failures!!!!

    Iceland, Greece, Spain, Portugal, France and who knows what other countries are in this same category?? Hell we can throw California, Arizona, Nevada, Michigan, Florida, and at least 30 other states on the heap because of loss of tax revenue!!

    Let's not forget about the U.S. - $14.4 trillion in debt !! A debt to GDP ratio greater than that of Greece and we are not done printing the almighty dollar!

    I guess we can only be happy that except for China and Brazil, the rest of the world is more screwed up and worse off than we are. It these are all good signs that things are getting better than I retarded and I just don't get it. I guess I never will.

    I'll tell you one thing folks. I live on main street. I own my own business. I have never, NEVER, seen things this bad in my lifetime and I DO NOT see any improvement in business on main street!
    Feb 22, 2010. 08:49 AM | 13 Likes Like |Link to Comment
  • Equities Update: Biggest Drop So Far This Year [View article]
    WHAT TOOK SO LONG!!!!!!!!

    Sales for every company and industry are dismal.
    AA,JPM, INTC....who is suprised that the number are not good!!!!!!!

    Get ready folks, the truth is coming down the street and will shake and quake Wall Street and all the phony pundits out there spinning the news about how great things are.

    I think our DOW could drop back to 8,000 without even trying.
    Jan 15, 2010. 07:44 PM | 13 Likes Like |Link to Comment
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