Recs
May 20, 2009 – Comments (14) | RELATED TICKERS: ALL , S , WEL
Just a handful of reasons the market will continue to go UP, UP, and AWAY!!! Thank goodness this recession has come to an end and we'll see brighter days ahead.
WSJ: Japan's Economy Plunges by 15.2% in First QuarterNY Times: Bankruptcies Swell Pension Deficit of Agency to $33.5 BillionWSJ: Financier 'Terrorizes' Bankers in Foreclosure FightYahoo Fin: "Living standards in this country will never be the same"Mike Whitney: "Hundreds of financial institutions will face bankruptcy . . ."WSJ: Banks Face Huge Losses on Commerical Real EstateWSJ: Most Financial Markets Still in Need of Life SupportNY Times: Banks Bracing for a Massive Wave of Credit Card Write-OffsExiled Online: Bank Stress Tests an Excercise in Generous AccountingABC News: Are Taxpayers Being Forced to Bail Out the Banks Twice?Time: Taxpayer Money Given to the Automakers Now Totals $83 BillionNY Times: OMB Estimates U.S. Budget Deficit Now Tops $1.84 TrillionWSJ: College Graduates Face "Decades of Low Wages"
WSJ: Huge Numbers of Brokers Bailing Out of IndustryWSJ: Recession Upends Seasonal Employment MarketsTime: Despite Signs to the Contrary, Real Estate Will Only Get Worse
Business Week: JP Morgan Cutting Credit Lines for Small BusinessesDer Spiegel: Freighters Being Scrapped En Masse Through South AsiaLondon Times: Hundreds of Thousands of Spainards Face BankruptcyWSJ: Recession Casts Dark Pall over the Solar Industry
Delinquency Rates at Commercial Banks (Chart)
Report: Smaller U.S. Banks need $24 Billion in Capital
Normalizing Earnings During Profit Freefalls (Charts on page)
Canadians going Bankrupt in record numbers
60 Minutes - AIG, We Own It..(Video)
Housing Starts and Permits Charts - All Time Low
Wow those are green!!
So when will housing prices go down?? Please tell that to people who thinks their house still worth freaking 100K more than the market think it worth!!
Simply amazing..... and I thought Alstry was compulsive.
Nice work and thanks for the effort.
You can only mask evaporating revnues for so long........prepare.
DOW to 15k!!!
Where the heck did I put those bunker blueprints...
That's a lot of bad news to rally upon. The worse the news, the more the bulls buy it seems.
republicans bitter about bailouts.
The Ultimate Printing Machine (Federal Reserve) ganging up with Treasury, FDIC, bankers and media trump all bad news! Congress and taxpayers got no clue!
It looks like California's problems didn't make the cut. I'm sure they will make it at least to page 2 when they officially declare bankrupcy.
Silver is the ultimate form of money.
If we look at the Dow/SLV ratio, it shows that the market did not increase in real terms.
What is the point of this blog? The DOW is at 8,400. How low do you want it to go? Sorry but the territory we are in now is not nearly as scary as the territory half a year ago. All of the Bears need to realize that the price is already factored into all of the stocks. If you are waiting for it to go all the way back down to 6.5K, you will be waiting for a long time.
S;P futures at 895
http://www.commoditycharts.com/futquotes.asp?code=XVSN§ion=full_list
Wow man, that is a long list of some pretty horrific news. Thanks for the post JGus! (Tickers are awesome BTW) :)
Ibeatmychildren: S&P Forward P/E at 18. I want to buy under 10.
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