sieraromero

Wall Street Breakfast: Must-Know News

ReferenceNFC-- Norfolk Southerns negative earning announcment. This is just an observation and not directed at NFC but, the economy in general. Here in Idaho we have many miles of unused train tracks. Lately they are being filled up with parked rail cars that the railroad companies are paying to park their cars that are not being used. They stretch for miles. They are leasing the lines and paying per car with possible long term leases. In my opinion this definately , contrary to the talking heads on CNBC implies that THE ECONOMY IS NOT THAT STRONG AND MAY INDEED BE GETTING WEAKER, AND REMAINING THAT WAY FOR SOME TIME!

Wall Street Breakfast: Must-Know News

This is completely insane! Citigroup and ETrade and Merril Lynch have absolutely TERRIBLE quarterly reports and their stock price goes up, with the reasoning that it wasn't as bad as it could have been. Sectors of the economy are going thru depression and hyperinflation depending on which sector you are reffering to. The countries financial system has to be bailed out by the FED. We are in a recession! Inflation (REAL) is way out of control, and the FED is going to be forced to raise interest rates to TRY to control it and the falling dollar! Yet investors think that the stock market should be at or going to new all time highs. Someboby is going to eventually wake up and say the emporer is naked when they realize that the emporer doesn't have any clothes on. People who are in this market deserve to lose a good chunk of their past profits!