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alstry (35.44)

Absolutely Insane!!!!

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July 17, 2008 – Comments (6)

Inflation at multi year highs.  Producers now being forced to pass on higher pricing.

Housing sentiment at historic lows.  Buyer traffic almost non existent.

Americans afraid whether deposits in banks are safe.  Lines beginning to form outside of a few institutions.

Businesses shutting down left and right.  Earnings are contracting for many.

Employees getting fired by the thousands. 

10 year interest rates crossing 4%.

And we get a two day relief rally?  I guess there is tomorrow.

 

6 Comments – Post Your Own

#1) On July 17, 2008 at 5:28 PM, givmeabreak (29.14) wrote:

I swear it has something to do with options expirations being tomorrow.

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#2) On July 17, 2008 at 5:36 PM, Nainara (< 20) wrote:

No sir. The economy is fundimentally sound, we're just going through a rough spot.

That guy wearing a suit on TV even said so.

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#3) On July 17, 2008 at 6:21 PM, motleyanimal (92.22) wrote:

I'm up 50% on FHN in 3 days.

It's a GREAT BIG WONDERFUL WORLD WE LIVE IN!

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#4) On July 17, 2008 at 6:35 PM, chk999 (99.97) wrote:

Dude. Prozac. Now.

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#5) On July 17, 2008 at 6:36 PM, lquadland10 (< 20) wrote:

Welcome to the one world government. No large bank will fail. Communism at its best. The world bankers own us. Hedge Funds and Annuity buyers and Mer,C jpm gs all selling to raise money for earnings. Watch is all go back up in 3 months. This is a traders.

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#6) On July 17, 2008 at 7:01 PM, DemonDoug (86.32) wrote:

Have you finally discarded the deflationist ostrich in sand argument and realized that it's really inflation (or stagflation)?

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