joshuaodonnell

Barron's Calls a Bottom

Im calling DOW 4500. Dont believe me? Watch what happens. Will bounce around a little here and there, but ultimately we are going lower. What have we done in the past?

We rallied on the ban on short selling, then the market tanked. We rallied on the stimulus, then the market tanked. Well, they will probably announce they are ending mark to market...what will happen? will rally, then the stock market will get CRUSHED and will get as low as 4500 on the DOW. Dont believe me? Watch what happens.

Believe whatever you want. Im just taking this into a historical perspective...Also everything booyahead(Cramer) has said has just been wrong. Every bottom call he's made has been WRONG. and continues to be wrong. Yet, some politicains take his que. Its amazing..................

One Scary Unemployment Chart

ah, this is nothing. We can easily see 25% unemployment...if the auto industry fails, will easily go into double digits.... and will certaintly go up higher if the Obama stimulus does not work..which the republicans really do believe wont work...

Why is it that the republicans are completely againist this? what happens if it does work? that will make the republicans look really bad. but, if it doesn't work, Obama is finished, because there is now way they will put another trillion dollars on the table, which congress can vote on. Wont happen

U.S. Government vs. the Stock Market

I believe this week may be the most important week in U.S history, economically anyway.... The govt. will make a decision on whether or not to borrow 800billion dollars of tax payer money to create jobs....

If it doesnt work?................. complete collapse and failure. There are no second chances with this kind of money. It either works or it doesn't and there's no turning back. Lets pray there all right about this. If there not and it doesn't work, will go into depression...if were not there already.

Even the most optimistic scenarios don't play well for China, Nouriel Roubini says. "The world where the U.S. was the consumer of first and last resort... and where China was the producer of first and last resort... is changing."

Not true at all. We have trillions of dollars of debt. The only reason the dollar has increased in value is because all of the other currencies in the world have devalued. Our economy is headed toward an "L" shaped recovery.

Unemployment is considered a lagging indicator too, but we wont see a peak until end of 2010. And we are going to see another wave of millions of foreclosures in May. Consumer confidence is at an all time low, ever in history.

So, nothing here would suggest any type of hope in this economy whatsoever. The only reason China still buying out debt, is because they know if they stop, everybody will be out of money.

The Roubini Portfolio

bring back the 3 day work week.

Obamanomics: In beginning to articulate his long-term approach and its ideological underpinnings, the president is putting an early stamp on what promises to be a debate of historic importance. "We cannot rebuild this economy on the same pile of sand."

yeah, but ya dont want to turn America into a bunch of socialistic, communists either. Unfortunately, that seems like the path he's taking us towards.

Deflation: It's Starting to Get Silly

Deflation isn't the main problem. Unemployment is. Because no matter how cheap things get, if people dont have jobs, they won't be buying anything(not because things are cheap, but because everybody will be broke)....

We should be more concerned with the devaluization of the USD and the depreciation of homes all across the USA. And as long as the unemployment rate keeps going up, we will see 9% by end of Q4 of 2009 and will be at pre-depression levels with GDP..(9% is really more like 15%, technically)

Sorry, but the stimulus package wont do a thing. Its just more wasted money...just like the last 2. Maybe if they ended the war in Iraq, that would free up the 10billion there spending there every single month, when Iraq itself sits on a 75billion dollar oil surplus...

priorities............... just wondering where they are?

2008: Ten Unforgettable Days

Crazy year finally comes to an end..... Now we get to look forward to(instead of 2 wars, 3). Unemployment continuing to worsen, banks still not lending and widespread famine across the globe.

A depression is still on the table as long as unemployment continues to worsen.

The most memorable experience of 2008: (besides an American olymipic athlete winning more gold medals than anyone in history) would have to be the government sell out of taxpayers..... the TARP, and the autobailout that the taxpayers are paying for. It just proves to us that our own government could care less what happens to the taxpayer in America

thats pretty much it.
I love SA.com!

Preventing the Depression of 2009

No matter what happens, they need to get a grab on unemployment. If we continue losing jobs at the rate we are, then we will go into a depression, no matter what the government or the market does. If unemployment gets worse, the economy will get worse over the longer term. Dont complicate things!! Its really simple: NO JOBS= NO SPENDING= NO BUSINESSES= nothing.... bread lines....like 29'. Once we get jobs going, we get businesses going, then we can start paying back the trillions of dollars of debt. yey!

The market is not the real economy!! The real economy is jobs, health care, homes, etc.... Companies are not stocks. Stocks are not companies. People need to really understand this fully before talking..

Socialism has failed. Capitalism is bankrupt. What comes next? "Whatever ideological logo we choose for it, it will mean a major shift away from the free market and towards public action."

Capitalism works great....for the rich.

Is This a Sucker Rally or New Bull Market?

Its a sucker rally. Why do you think investors are coming away from the buy and hold strategy? We have had a huge percentage increase of new online brokerage accounts that have just been opened up... investors are tired of losing there money, so they think they can trade. Well, many of the wont make it. Its a statistical fact. Buy and hold "investing" is completely different from trading.

2 entirely different things................

The United States Of Ponzi: A country that has, for over 25 years, spent more than its income and run an endless string of current account deficits - may eventually default on its foreign debt, Nouriel Roubini says.

I don't know. I though we already defaulted?

Problem Banks in 2008 Are Nowhere Close to 1990-91

The "problem" banks aren't the problem. The debt is the problem. Because the debt will create more and more problem banks... Thats the real problem...

lots and lots of problems....... That never really seem to have a solution. The real problem is the government. The government is creating more and more debt by borrowing "problem money" for the future. This puts huge strains on big and smaller regional banks. When you have a company like Lehman Brothers that was most of the time leveraged 60:1, you have a real problem. They defaulted on everything, and then collapsed. That is basically what happened to the government.

Insiders are unloading shares at the fastest rate since 2007. "They should know more than outsiders would, so you could take it as a signal that there is something wrong if they’re selling."

Anybody buying and holding long term right now, is a sucker. The lows are not yet in the for this bear market. We will eventually drop below 4000 on the DOW. We can't have a successful long term stock market propped up by govt. lies about the true value of all the losses... ALSO: the bank stress tests are a joke. total joke. Of course the govt is going to pass all of the stress tests because that will further the artifical prop up of bank stocks....... Unfortunatly, this will all end very, very badly for wall street. I do however, believe main street will be saved in some form.

Yesterday's revelation of a backdoor bank nationalization (shh... the n-word) is the latest in a series of missteps, and one more example of how the Treasury isn't keeping its word. When will lawmakers realize they have to address systemic problems bank by bank?

bank nationalization at this point is inevitable. These guys are all lying about the true value of the losses. Once the news gets out, the market will crash...wont be for a while...remember the govt. is pretty good at hiding the truth..oh, maybe not all the time...