CJJ

Data Not Supportive of Higher Stock Prices

Oh yea, and claiming that the US is now USSA or that Obama is a communist or that the end of the world is upon us or that we are mortgating or grandkids futures just because thats your opinion is not the reality I am speaking of(again not you Dr. O).

Actually our Grandkids are in a great spot. This will all be worked out by the time they are older and they'll be living the good life...oh yea, life is already pretty good, so I guess the really good life.

Data Not Supportive of Higher Stock Prices

I get a little worked up over the blogging/commenting community. I am not a fan, so wish I could refrain from even doing it, but sometimes there has to be a voice of reason.
Too many people blindly harping about the injustices and stealing that have been committed on them personally with absolutely no backup.
For anyone who really, truly has lived within their means this downturn should put you in stronger position. If you lost a whole lot on stocks, sorry but that is your fault.
If you lose your job, that is a different story and sucks, but we are acting as if this is the first time people have been laid off in the country. That it is the first time we've had a nasty recession, had a bank crisis.
To me, unless people start being realistic about things and expectations we ain't going to move forward.
Good info on the Cubs tickets. Was at Wrigley for all 3 of the Cubs-Sox a few years back. Talk about a good time.

Data Not Supportive of Higher Stock Prices

Sports tickets were a bubble. Same with sports salaries. Please don't write us an article claiming that the fact you can get sports tickets for cheap or that sports salaries are going to come down to earth that we are in a depression.
Can we all join in and agree we know about the issues in Michigan? We should also agree that people are going to need cars(or car substitutes) for a long, long time. So the Big 3 may be a disaster now, if they can actually become viable companies their money making power in the future will be fine.
Banks are similar except banks money making ability has not been lost like car companies. The losses that will come to Banks are on deals and loans that ALREADY occurred. Yes, they'll take time to work out, but ignoring bank earnings power is stupid.
TARP opponents forget that A.These banks over time will pay back TARP and B.Will pay billions of dollars a year in dividend payments.

We have to stop being a country of "internet" experts on all subjects and focus on moving forward. The "the country sucks" attitude is lame.

I for one am awaiting some of these people to really step up and move out of the country. I heard the rights in China are top notch.

Data Not Supportive of Higher Stock Prices

Please stop with the Walmart crap. Walmart has seen a huge upswing as people who usually shopped elsewhere started to shop at Walmart. At some point, unless you expect everyone to shop at Walmart 100% of the time, those numbers will top out.
Actually as the economy improves you would expect LESS spending at Walmart.
Walmart same store sales rising is a BAD indication.

I'm not someone who predicts anything about the market because markets are a gambling hall. They have always been.

Can people at least understand that TODAY...after 16 months of recession time are tough, however, they aren't armageddon. People lost a lot of "supposed" wealth. Much of this money wasn't planned to be spent tomorrow or this year or in five years.

No matter what happens people will make the adjustments necessary. It may be difficult, but whining, complaining and trying to sabotage things is no way to get a turnaround.

Its sickening to see how many people are outright rooting for depression.

Also, the trade deficit narrowing is good and bad, it is not just bad. And unemployment isn't just going to all of a sudden disappear. At what number of claims are you going to stop using as a reason we're heading down the toiler?