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marketman54

marketman54
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  • Wall Street Breakfast: Must-Know News [View article]
    WOW government order stress test for banks with unemployment above 11%!!!!!

    What do they know that is not being shared with us, lets see...

    -could it be 7 million homes in foreclosure
    -could it be the collapse of fannie/freddie and the banks
    -could it be that 30 states are on the verge of financial collapse
    -could it be that we printed $5 trillion and that's still not enough
    -could it be that no one is spending all that much
    -could it be that Bernake is gonna turn off the money faucet and THE MARKET WILL CRASH AND WE WILL HAVE 20% TO 40% INFLATION

    Whatever the senario is - "IT AIN'T GOOD AND IT'S GONNA COME SOON"!!!!
    Feb 17 08:11 AM | 9 Likes Like |Link to Comment
  • Case Shiller Housing Index Continues Its Descent [View article]
    Supposedly there are 7 million homes in the foreclosure pipeline. With numbers like this, you don't need any index to tell you what's gonna happen to the price of your home when there are foreclosures down the street or a block away!
    Jan 26 06:37 AM | 9 Likes Like |Link to Comment
  • Today in Commodities: Potential Reversal Day [View article]
    You may not know it but the Chinese, South Americans and Canada are all buying up substancial amounts of gold. It doesn't take a broke uncle sam to drive the prices up.

    By the way, Europe is printing euro's now also!!!
    Dec 7 06:29 PM | 9 Likes Like |Link to Comment
  • U.S. Economy: Running Backwards [View article]
    I agree with all of you!

    Let us not forget the basic law of economy "DEMAND AND SUPPLY" . Until there is a greater demand for goods and service, unemployment will remain high.

    There is NOTHING that the government can do to improve this except put money in the hands of the unemployed so they can spend, spend, spend.

    This is what they should have done in the first place. Uncle sam should have taken the $5 trillion dollars they printed and given it back to the taxpaying Americans!!! Sounds foolish but we would have deposited the funds, invested the funds, spent the funds!!! These monies would have funneled up the system sustaining mainstreet America and replenishing the cash flow food chain for the financial institutions preventing failure. It is to simple and yet to late!!! Imagine all the homes saved, cars and tv's purchased. Americans would know what to do with the cash!!!
    Dec 5 12:14 PM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Pimco's El-erian said we are in a DEPRESSION, finally someone had the balls to call the play!!!!

    FORECLOSURES - this entire recovey has been a giant game of kick the can. Well folks we are approaching the big wall and the big can is gonna hit it soon!!!!

    FREEZE FORECLOSURES - that will let people stay in their homes, a really good thing or there will be 15 million more homeless people. The bad thing is that you may see the collapse of GMAC Finance, GE Credit, BAC, PNC, Fannie Mae, Freddie Mac, Citi......

    How much money will we be printing to bail out 5 million bad mortgages??????

    Hide your money in your mattress because our government is gonna pry it from your hands if you have it and they will never quit spending.
    Oct 11 08:13 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Nothing appears to be changing but all the bad stuff is still bad!

    - 7 more banks failed and its only gonna cost $1 billion.
    - Fannie Mae is trying to make it easier to collect SOMETHING and then ease their lending rules so you may get a second chance four years down the road to default again!
    - Unemployment is stagnant.
    - Oil and all other commodities continue to increase in price!
    - Greece and half of Europe is in trouble. Throw in California and 40 other states trying to keep their head above water.
    - Small business still gets no relief or assistance to operate.

    Everything is getting pushed down the road into the near future. As the snow ball rolls down the mountain it turns into an avalanche!
    Apr 26 08:57 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    FED not gonna raise rates. Midwest manufacturing dips! 40 States in financial trouble, half of Europe in trouble, Japan struggling, 5 million foreclosures rolling down the street, 30 million still not working, Uncle Sam printing money overtime......

    The big boys are running out of pesos to move this market any more! The rollercoaster is almost at the top of its run!

    Hold on folks, DEBT/DEBT/DEBT is gonna take us for another ride down the hill!

    It's coming, OH YEAH, IT'S COMING!!!!
    Apr 7 09:08 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I couldn't have said it any better myself MarketGuy!!!!!

    I know things are bad, but how the did the boys come up with the number that GDP is growing at 5.4%????????? If our economy was growing at this fast of a pace, DON'T YOU THINK SOMEONE, SOMEWHERE WOULD BE GOING BACK TO WORK??????????

    They keep telling us that jobs are a trailing indicator. I think that job creation is going to be a leading indicator in this depression!!!!

    There are more rotten fish smells coming out of Washington than we know. Be careful folks, I live on MAIN STREET and things are bad, REALLY BAD out here!!!
    Jan 29 08:49 AM | 9 Likes Like |Link to Comment
  • Economic Indicators: A Recipe for Disappointment? [View article]
    "RIGHT NOW THE LINCHPIN IS CONFIDENCE"

    Here is how confident I am folks!!!!!

    - Government has ballooned the markets.
    - TARP is still here and not going away with no rules!!!
    - Government owns a piece of every major business.
    - Government doesn't know how to run or manage anything!!!
    - Government backed FANNIE/FREDDIE for $500 billion
    - $12.4 trillion of debt. This is scaring the world!!!
    - Auto sales down 40% still.
    - Revenue down, voodoo accounting allows profit for business.
    - 2 million more foreclosures coming in 2010.
    - Auto loan and credit card defaults rising.
    - Commercial real estate to be a big problem in 2010.
    - Unemployment STILL RISING with no job creation in sight!!!
    - Iceland and Greece bankrupt!!
    - European Union in worse shape than the U.S. Asia not far behind.
    - 12 U.S. states virtually bankrupt.

    I don't sleep to well at night, my confidence is really weak at best.
    Jan 22 08:48 AM | 9 Likes Like |Link to Comment
  • 10 Reasons for the Shift in Market Sentiment [View article]
    How about 12 U.S. states almost bankrupt. Iceland and Greece bankrupt. The European Union in worse shape than the U.S.!! China making up the numbers and Japan manufacturing still dismal.

    Throw in unemployment still rising WORLD WIDE!! 2 million more foreclosures, credit card and auto loan defaults rising, $12.4 trillion of U.S. debt scaring the world ( AND ME!!).

    Sales dismal for every industry. Government intervention in every industry. What happened to my capitalism, guess they pulled it out from under me and shoved Robin Hood socialism down my throat!!
    Jan 22 08:35 AM | 9 Likes Like |Link to Comment
  • Currencies Can Evaporate, But Not Silver or Gold [View article]
    Well it's good to know we won't have to worry about the U.S. dollar evaporating!!! THEY ARE OVER PRINTING UP TO $12.4 TRILLION OF THEM SO THERE WILL BE PLENTY TO GO AROUND!!!

    I bought 400 Krugerands at $710/each. I wish I would have purchased 1000 of them!!!!
    Jan 13 07:14 PM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I think we are living in a world of the "HOUSE OF CARDS". Between our government telling us that things are so great to the Chinese almost back to full production capacity - HOW COME MY BUSINESS SALES ARE STILL DOWN 60%?????????

    Geitner knows nothing. Tarp is extended. Stimulus plan 2 is being developed. GM gets another $30 billion and their sales are down another 13%. Foreclosures are going up. Unemployment is going up. Retail sales are still way down. No business travel........

    Watch your pennies folks, they can fly away any day with all this good news!!!
    Jan 11 08:07 AM | 9 Likes Like |Link to Comment
  • Mortgage Fraud - The Root of America's Economic Malaise [View article]
    When Clinton and Barney Frank made it possible for anyone who can sign their name on paper to get a loan, that did us in!

    The adjustable loans were crazy on top of this. The banks did not care if people did not qualify at the top end of the loans!

    Did the banks even care? No, they collected billions in mortgage fees and let the mortgage industry bundle all the garbage they could collect!

    I agree with other people here. If you want a mortgage put 20% down no matter where it comes from.
    Dec 27 09:20 PM | 9 Likes Like |Link to Comment
  • My 2010 Market Predictions [View article]
    Brian, I take issue with your optimistic forecast.

    Things may be better in the market but they are the same or worse on the streets.

    1.Unemployment is up and still rising and there is no job creation in sight!
    2. Foreclosures are still rising and so are auto loan and credit card defaults.
    3. Housing sales are still dismal and loans are hard to come by.
    4. What kind of shape are the banks really in with previous toxic assets still on the books, 1,000's of new ones being added monthly, dirivitive swaps gone south, TARP money pumping up the balance sheets, commercial real estate loans about to collapse????
    5. We are a consumer society and no one is spending! Retail in all areas is suffering way beyond what you suggest. Auto's, clothing, travel, dining, electronics.......30 million unemployed people can't buy much and the rest of us our watching our pennies!!
    6. Government spending is totally out of control and I disagree that the dollar is gonna get stronger. The debt ceiling was raised to $12.4 trillion, we have thrown a trillion at TARP, a trillion at Stimulus Plan 1 and they are talking about a second stimulus, given GM and Chrysler $100 billion, guaranteed a failing Fannie Mae and Freddie Mac and will be into both of them for $300 billion or more, GE and AIG have 100's of millions guaranteed, we gave $100 billion in rebates to auto/home/insulation rebates, we are throwing $1 trillion at Healthcare, we have 2 wars and third coming up in Iran, we have extended unemployment benefits, there will be job re-training benefits, more people on welfare and food stamps.......... the ugly list goes on and on. HOW MUCH MONEY CAN WE PRINT MY FRIEND????????

    I hate to be pessimistic, but when you look at the hard data, government spending and high unemployment for an extended period of time, it is hard to feel comfortable about the coming years!
    Dec 27 09:00 PM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    How is it possible that with all the major obstacles that are still pending that the market can rise 40%.

    We seem to be operating on a second bubble from government intervention in the markets and HOPE!

    124 banks have failed!! We still have no clarity with all the other financial institutions that hold mortgages, auto loans, credit card debt and derivitve swaps!! Banks still are not lending money to individuals or small businesses.

    Unemployment is still rising. The dollar is weaking and many dollars are going overseas in foreign investment.

    More foreclosures, lack of job creation, lack of spending.......

    I just don't understand. I know the trend is my friend but I see a big black hole under my friend!

    Nov 23 08:15 AM | 9 Likes Like |Link to Comment
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