We got through all the bad news, the market is rebounding; it is doing the usual flutter but is rebounding. I still think the dow is not worth more then 9600 but that doesn't matter. The typical pattern would be a rebound about half way to the high. 10700 then down, the economy needs to actually be better by then or we will be in trouble. No government promises but actually people out buying stuff, then it wont crash. But 11,000 again? The market isn't worth it, business expanding will take profits and scare us. If we stay above 10 we are lucky. [more]
I have been saying for 2 years, the market it worth 8500, add to that the percentage you think we will grow in a year. Lately, I have been saying 9600 now and 8500 if Pres. Obama does not bail out the state governments.
I am short the market, may take my profits today and am looking for deals in the auto sector.
To bad no one warned us about this
My math shows the dow at 9980 on this slide down, 2nd of the month we should have some rebound, don't konw how much move up. Later in year may be lower if govement doesn't cut loose with spending and bail out our states.
I just read a two week old article about Harley Davison threatening its employees that if they don’t comply with their cost cutting demands they will close the plant and move out of state. [more]
Although I am short the market, I am planning on covering before May reports come out. I have notice a substantial increase in activity in discretionary spending. [more]
Every recession in my lifetime has been quickly followed by an improved economy with the Dow climbing to new record heights. I got to the point were I said “why does everyone sell their stocks when they know next year it will bounce back?” [more]
and Washington D.C. is doing well being inside the castle walls.That's all
They have tried and failed to get consumers to spend there are no more tricks. SELL, SELL, SELL
If I am reading the SEC report correctly Bed Bath and Beyond just gave a family member another 22,000 shares for a penny a share. And they just sold 1,692 shares at 45.2.
I'm not sure but I belive they make more from their stock options then the company makes selling products.
The once strong and healthy man lay in the hospital, his family felt something was wrong for some time. Doctor Bama comes out and says he is in really bad shape, I don’t think hell make it. I’ll do what I can but I can’t until I have authorization. The man hears the prognoses and gets even sicker. What the doctor wants the family to sign goes against their better judgement but every day the doctor tells them how bad he is and he will get worse. Finally the family signs, and with a big smile the doctor says I think I can save him. Now every day the doctor says he is getting better. "Do you feel better?" ask the doctor. "Well, Im not as scared now that you said I’m getting better, but you know, I still don’t feel any thing like I did before. Friends and family were celebrating the good news that he was recovering. [more]
In late 2008 every time then President Elect Obama spoke he said we were heading into the worst recession since the depression. Although he was right he intensified the fear. Small businesses do not like to layoff people, but the president was swaying their decision. People put off purchases and there was a fear in the air grew then peaked in February of 2009. The market hit bottom in March 2009 about that time Bill Clinton criticized then President Obama for discouraging Americans. President Obama got his major bill passed and then changed his tone. He even said it might be a good time to get into the Stock Market. The market ran up for 9 months and the president kept saying how much better everything was getting. The wall Street Journal even was re-wording reports to down play the negative and emphasize the positive. If a company lay off 30% of their employees and used old inventory for stock they emphasized that their profit went up. The stock market has done very well even though on Main Street the store owners would disagree. There isn’t the fear like there was; it is more like acceptance of worse. If you know any landlords ask how many tenets are paying their rent on time. The business owners may look like their doing ok but if you dig deeper they are doing with out. They may have held up through last year but how long can they hang in there. Yet you won’t here that form the President or from the Wall Street Journal. [more]
How much effect do you think the run up in the market benefited the bottom line of the publicly traded companies? [more]
Lets say you wanted to make a fortune. You could get some rich investors together and start a business that fit a obvious niche; chain of coffee shops, sporting equipment, house wares, electronic. Go public during the boom times, sell your stocks an make sure by any means possible to show growth in revenues and profit. Certainly your stock price would have gone up and you and your buddies give each other stock options that you sell for millions of dollars in profit. You use that money to do some creative manipulation of inventory and show more revenue and profit. Keep repeating the cycle and there you go, people are buying your stock like crazy and you issue more stock options. Some of the profits you invest in other companies and in times like March of 2009 to December of 2009 you make a nice return. So now what do you do when the market goes flat or starts to drift down. It eventually breaks the cycle. How do you do your tricks this March thru December? What are your profits going to look like in two quarters? Afer all it is the stocks that make the profit not the profit that makes the stock. [more]
I sell solar electrical systems, the biggest problem is getting financing for myself and my customers. We you say "Solar" you might as well forget it. They do not see the $100 per pound mono-crystalline solar panels as collateral. Even though they last up to 50 years and produce and income for the owner. We could sell three times more photovoltaic systems if the banks could see value in them. So, President Obama, I was very exited that you are dedicated to renewable energy but too bad the banks you gave our money to are laughing at you. [more]
11,000 has been a crash zone for 12 years. [more]
A summery of facts that led people to think the Dow should go above 11,000 and why it shouldn’t. [more]