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marketman54

marketman54
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  • Wall Street Breakfast: Must-Know News [View article]
    Lets see if I have this straight Eli,

    Greece and Europe......bad
    Japan....................
    Banks....................
    Airlines.................
    Housing..................
    Consumer spending...bad

    Well, I guess we all know which way the market is going today!

    Oh, I spoke with Chicken Little last night, "THE SKY IS FALLING"
    Oct 4 07:32 AM | 10 Likes Like |Link to Comment
  • Housing Affordability Reaches All-Time High [View article]
    Affordable, BS! Most Americans don't have 2 nickles to rub together let alone a down payment or a job.

    They keep telling us the housing market is doing so well!

    It put us and the world in the toilet and its getting ready to flush us all down the drain again!
    Mar 16 08:40 PM | 10 Likes Like |Link to Comment
  • Disturbing Market Credulity of QE2 and JPM Loan Loss Reserves Makes Me Want to Flee [View article]
    I agree with the author. I think that the banks and the government are practicing VOO DOO Accounting to make the numbers look good!

    How can they be making money when there are suppose to be 5 million homes in the foreclosure pipeline?

    How much credit card, auto and mortgage debt has been written off and how much more is there to write off???

    Failure is on the horizon for some of these banks that have large mortgage portfolio's.

    Almost 500 banks have failed already since 2008!!!!
    Oct 14 08:32 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Imagine that, another government agency that needs internal clean up, Minerals Management Services, and doesn't do it's job.

    Throw in the SEC and anything else you want to!

    Their great financial direction will only cost us $5 or $6 trillion!!!

    We are not going to see $2 billion from Chrysler, $50 billion from GM, $300 billion from Fannie/Freddie/FHA, $50 billion from GMAC Financing, $ $50 billion from GE Credit, Billions from almost 150 failed banks.........

    You cannot solve debt problems with more debt!

    CASH, GOLD, SILVER & start trading the short ETF's because the second dip is happening!

    The earnings are marginal if you look at how low the bar has been set. Unemployment is not changing. Interest rates haven't changed and that tells you everything! There is still no transparancy with the banks! Residential foreclosures and commercial real estate defaults are cans getting kicked down the street so the banks don't have to take the losses! Credit card defaults are falling but that's because they are writing off large losses and cancelling peoples cards! Almost every state is on the verge of financial failure. Uncle Sam is finding new ways to print more money every day with no attempt to plan a way to pay it back!

    We don't need Greece, Spain, Portugal, Italy, Iceland....to make us weak, we are there already!
    May 19 08:19 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Fannie and Freddie going to go bust even with Obama's $500 billion bailout! 2 million more homes and jing-a-lings going bust this year!

    Imagine that! FHA in trouble with underwater loans. Another government agency that is professionally managed and giving away our tax dollars! Thank you Barney Frank!

    Another 36,000 jobs lost and the market thinks its just great that this isn't bad! No job creation in sight! 9.7% unemployment is a wonderful number. The reality is, the number is really around 17%!

    Minimal consumer spending - if the retailer is advertising 40% to 60% discounts or going out of business, people will buy!

    Iceland, Greece, Spain, Portugal, France and much of the EU in financial trouble - no big deal!

    $600 trillion in credit swaps all over the world - oh this is a great investment vehicle for main street! I bet these swaps are as good as the ones that are on the books of all of our banks!

    Banks doing great - hey wait, whats gonna happen with 2 million more foreclosures and commercial real estate collapse?? The number could be higher because there is a whole new group of people that quit paying their mortgages to make auto loan and credit card payments!

    Companies are selling off assets to raise cash. Fed money still so cheap. Tarp is still here. Second stimulus plan coming. Debt ceiling raised to $14.4 trillion. GM and Chrysler sales falling daily. Oh, poor AIG, they won't be paying us back anytime soon either and they are gonna raise cash and devalue their existing shares!

    About 40 U.S. states are on the verge of financial failure.

    Our government wants to hire people and create phony jobs by expanding the government. Post office & Amtrak have been sucking our pockets dry for 40 years! Healthcare bill could be the final stake in our hearts creating an even larger bureaucracy and cost to us that we can never imagine. Two big wars and maybe two more on the way with Iran and Pakistan. Tarp, stimulus one, jobs stimulus, guarantees, loans........PRINTING MONEY, PRINTING MONEY, PRINTING MONEY

    AM I CRAZY? IS THIS THE STUFF THAT MAKES THE WORLD BETTER AND MORE STABLE? IS THIS WHAT MAKES YOU FEEL GOOD WHEN YOU GO TO BED AT NIGHT? HOW CAN WE READ THIS DAY AFTER DAY AND FEEL GOOD ABOUT MAIN STREET?
    Mar 5 09:25 AM | 10 Likes Like |Link to Comment
  • Jobless Claims Resume Downtrend [View article]
    I don't believe this number and I am sure when the revision comes out in two weeks we will see that this posting was indeed FALSE AGAIN!

    There is going to continue to be more unemployment. Small business are still laying off people or closing. There are 800 auto dealerships that are going to close.

    Every friend of mine owns a small business and we are all down to our last few employees and they know that their time is marked.
    Mar 4 10:49 AM | 10 Likes Like |Link to Comment
  • Can Investors Trust This Economy? [View article]
    I don't think you can trust this economy because you can't trust the numbers or the actions coming out of Washington!!!!

    The financials are still a total joke. Voodoo accounting has made the banks look good but what is the real value of the debt that was written off? What about the 2 million more foreclosures and collapse of the commercial real estate market? What about the worthless credit swaps that all these institutions still own?? What about 30 million out of work, 30 million not consuming, 30 million not paying mortgages, rents, credit card bills, auto loan payments, eating out??

    What about AIG, GM, GE, Chrysler, FANNIE/FREDDIE/FHA?? What is really going on with these giants? If things are so hunky dory why did Obama guarantee almost $1 trillion to these giants??

    Can you trust 5.7% GDP growth when retail only improved 1.8% and Revenue/Earnings is still dramatically reduced for our fortune 500 companies?? Surely someone got out the silly putty and stretched this number way out there!

    Why has TARP not ended? If stimulus plan #1 was so great why are we having a new Federal jobs program?

    And here is the icing on the cake!!!! IN A MERE TWO MONTH PERIOD THE NATIONAL DEBT WAS FIRST RAISED TO $12.4 TRILLION AND NOW THEY JUST RAISED THE CEILING ANOTHER $2 TRILLION DOLLARS!!!!

    If things are so great, why do they need another $2 trillion to piss away!!!!

    CAN YOU TRUST WHAT THEY SAY AS THE PRINTING PRESSES KEEP RUNNING ON OVERTIME??? YOU BET NOT!!
    Jan 31 05:53 PM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I think this "MUST KNOW" really sums it all up!!!

    Our government has its hand in every business on earth, banking, finance, auto, insurance, housing, housing loans, high tech........

    That's whats driving this market, that's why we have a national debt of $12.4 TRILLION.

    Well folks, what happens when the genius of Washington cannot print any more money to fuel the fire, or when Fannie/Freddie, GM, Chrysler, Citi, BAC, GE..........are on the brink of failure again????

    When taxpayer money is all gone or when taxpayer money comes out of the market, how fast is this rock gonna fall??????????
    Jan 12 08:40 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    LET SEE:

    410 Banks in trouble

    GDP down 1%

    Unemployment up every month

    Consumers not consuming

    Foreclosures up

    $2 trillion of debt and rising

    YEP, I GUESS THINGS ARE REALLY LOOKING UP!!!!
    Aug 28 08:12 AM | 10 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The fiscal cliff, the other $16 trillion of debt, the uncounted $4 or $5 trillion of debt in FHA/Fannie/Freddie/Sally, post office, amtrak.....

    The whole country has their head in the sand and doesn't give a darn about how broke we are. Oh, it's all gonna get fixed?????

    The "JERK FORCE" on the hill played with our money for the last 40 years and now that they are forced to really make things right - no one wants to be the bad guy!

    America,wake up! We are going down with Humpty Dumpty and don't think it ain't gonna happen. Jimmy Carter inflation and the Great Depression are gonna look like great times to live in!!
    Dec 4 08:52 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Hope your right James or else we will all be standing at the back of the line behind Greece, Spain, Portugal, and the rest of Europe!
    Oct 25 08:08 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Italy is doomed and so is Europe! Does it really matter who they put in charge?? They would have to cut EVERYTHING to almost 0 and that's not gonna happen! From Italy to the U.S., DEBT IS DOING US IN!!!!

    Boeing gets a great contract and Obama and company are doing everything in their power to limit this company from making larger profits by forcing them to build planes with union workers. Thank you for another blunder U.S. government.

    U.S. has no energy policy! 100 year supply of natural gas and unlimited coal and we send $ TRILLIONS TO CANADA and the MIDDLE EAST! F*CKING DUMB ASSES!

    There is no descent news folks, Europe is bankrupt, Japan is bankrupt, the U.S. is bankrupt. The balloon of a stock market will decline soon, get your shorts ready.

    Just one more thing. This market is ballooned by liquidity! When the $ printing presses of the world are running 24/7 to provide this and the $ starts to deflate at a faster rate where do you run to???
    Nov 14 07:44 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    James, these same people that created the problem are the same people trying to resolve it!! IS THAT POSSIBLE, I think not especially when they are playing for POWER not correctness.

    No matter what they do it won't be enough. We have $15 to $20 trillion in immediate debt. They don't count any better than S & P. Addtionally, there is another $80 trillion plus of unfunded debt which no one talks about!!

    Washington, Europe, Japan are all playing a volatile game of kick the can to buy some time and HOPE things will get better. Well things only got better for fortune 1000 companies and keep getting worse for the rest of us. The can is approaching the big wall where Humpty Dumpty is sitting.

    We all know what happened to Humpty!!!!
    Aug 16 08:32 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    GDP for China, Japan, U.S. and Euro's all fell but less than expected and all is good.

    The euro/$/yen/yaun all questionable.

    They tell us there is no inflations. Go to the grocery store and gas pump.

    They U.S. government tells us S & P can't add worth a sh*t.

    The FEAR FACTOR in my house is growing in geometrical proportion thanks to seeing Humpty Dumpty in free fall right now!

    My fear:

    My country is not going to step up to the plate and cut the waste out of government, spending, entitlement programs, post office...... and get this country on a responsible fiscal path.

    For all purposes WE ARE BROKE with $15-$20 trillion of hard debt and over $110 trillion of unfunded debt.

    No plans or direction from this administration to control the beast and no consensus among the rest of the Washington Mental Midgets to do the right thing either.

    Ask not what your country can do for you, ask what you can do for your country.

    I love this country and I FEAR WE ARE WATCHING IT FADE AWAY!
    Aug 15 08:24 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Hey James, the real crime is the U.S. taxpayer footing the bill still for AIG, Fannie, Freddie, GM........

    Look, BAC bought Countrywide for a premium and who knows how much of their portfolio was toxic?? Poor bastards!!

    Additionally, the government hasn't been right on a single number and gives the actuals two weeks after the bullsh#t estimate!

    They always tell us it's better than it is, there is no inflation and everything is fine!!!

    Where is Chicken Little when you need him??
    Aug 5 08:32 AM | 9 Likes Like |Link to Comment
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