Tomcat101

Obama will rise and fall with the dollar: The electorate is only as happy as the value of the greenbacks in their pockets.

Unemployment could be 50% and some people would still vote for Obama... Knuckleheads.

Obama will rise and fall with the dollar: The electorate is only as happy as the value of the greenbacks in their pockets.

Obama absolutely will not be re-elected, unless he becomes a dictator or a king, which is plausible.

Can 2004 Teach Us Anything About 2010?

The unions destroyed GM and Chrysler, which has destroyed Michigan. Unfortunately they also destroyed a lot of people in Michigan who weren't even in a union.

The superdome is irrelevant- the whole state is f-ed up.

I would encourage the people there who got hurt by the unions to leave the state and head south. Let the union workers stay behind to pay the high taxes and kick around the tumbleweeds in America's ghost town.


On Nov 24 09:48 PM untrusting investor wrote:

> Well, was it the unions that asked for a superdome, or was it the
> corporate and business owners that demanded a superdome including
> any concessions and subsides that went with it?
>
> You also fail to mention that corporate management and the BofD is
> responsible for the corporation. Any corporate management that is
> honest has to take responsibility for all decisions, instead of blaming
> unions, government , consumers, or whomever.

How's the Economy Doing? November's 'Look Under the Hood'

I'm a HR Mgr. in North Carolina. We are hiring again here. I think it'll be showing up in the data soon, provided Obama doesn't kill the recovery with his agenda.

Initial Jobless Claims: -35K to 466K vs. 495K expected. Continuing claims -190K to 5,423,000.

I'm a HR Mgr. in North Carolina. We are hiring again here.

Can 2004 Teach Us Anything About 2010?

The unions have made Michigan a great, big ghost town...

On Nov 24 02:13 PM JAMES CARLINI wrote:

> How come there was no BIG headline about the Pontiac Silverdome?
> That is an 80,000 seat enclosed stadium that just sold for the price
> of a house - $583,000 See article:
> www.carliniscomments.c...
>

S&P 1,250?: Corporate Profits Say Maybe

I believe 1200'ish is very plausible before any significant pullback. 1200 was resistance on the way up from our last recession and was support on the way back down in 2008.

Lots of people think we have topped now at 1100'ish and are shorting accordingly. I think they are going to get caught by surprise with some more rallying.

Is the Market Reversal Already Happening?

I believe we continue to trend up, or worst case, flat the rest of the year. Then it gets ugly in 2010 when Obama hits us with higher taxes, higher utility bills, higher gas, and we have to pay for every man, woman, and child to have health care, including illegal aliens. SP 500 goes to a new low of 550 by mid. March. Your guess is as good as mine after that.

Change you can believe in.

Valero's Major Announcement a Telling Economic Indicator

Or maybe when Valero capitulates and starts laying off it is a sign the economy is bottoming?

10 Reasons to Believe That We're in a Depression

NC government is considerably smaller now than it was before the crash. It's not "growing". We are only beginning to hire to fill some of the positions that were vacant but frozen. We are nowhere near the level of 2007-2008. Not growing at all.

Hard to say where we'll be in a year though. I'm not an Obama fan. I have a feeling that Obama is going to spray all our tender green shoots with some Roundup such as higher taxes, higher gas, higher utility bills, higher health care costs, etc. etc. etc.


On Nov 22 06:37 AM Walsh927 wrote:

> I live in Charlotte. The only thing growing in NC is government.
> Friends of mine have gone to work as contractors in the Middle East.
> This economy is doing quite well....compared to where it will be
> in one year.

10 Reasons to Believe That We're in a Depression

Revenues are probably increasing. The Democratic governor just bumped up the sales tax to nearly 8%. Our governor would never in her life spend a penny of free Federal money on a regular state employee though. Maybe teachers or police officers, maybe. I know where that money is not going though- our roads look like friggin' Iraq or Haiti with all the potholes.

I live in a rural, blue collar, redneck county. The kind of place you'd think would really be hurting. I'm just not seeing the doom and gloom though. Our better restaurants are always packed on the weekends. Same for the theater.

Maybe this is just the eye of the hurricane though...


On Nov 20 09:42 AM TeresaE wrote:

> Are NCs tax revenues increasing?
>
> Or are you all just spending free federal cash?
>
> I know where I place my bet. Keep in mind Michigan continued to hire
> state workers long past the point we could afford to pay them and
> fulfill their lifelong contracts.

5 Thoughts for Monday Markets

I'm trying to sell my house at a bargain price. No one is buying in my county. I think everyone that has both a job AND decent credit has already bought a house with the homebuyer tax credit.

Now we need a homebuyer shitty credit program. Oh wait, that's what got us into this mess in the first place.

10 Reasons to Believe That We're in a Depression

A certain portion of that 10.2% unemployment figure are people who don't WANT to work. In the very best of times we have 4-5% unemployment. Some people just like to sit at home and watch TV.

I work in HR for the state of North Carolina. After a long hiring freeze, we have started hiring again.

If you wait until everything "feels" good before you invest you'll be too late.

Why the Stock Market Should Crash

I work in HR in North Carolina. We are hiring again. So much so that it's stressing me out. You'll be seeing this soon in the unemployment figures. And once all the newly hired people start getting paid you'll be seeing it in the other economic reports.

Why the Stock Market Should Crash

There was a lot of this same type of gloom and doom chatter in 2003. When you've recently seen the market fall 50+%, and then it starts climbing back up, our minds tend to stay focused on the recent fall and we refuse to accept that things might actually be getting better. Same as in 1999 when our minds could only believe that those tech stocks could only continue to climb higher.

Wouldn't you have hated to have been one of those traders in 1932 who missed doubling your money because you were waiting for the next iminent crash?