Use access key #2 to skip to page content.

Alstry was RIGHT. 8/9/10 wasn't an ordinary day...

Recs

10

August 24, 2010 – Comments (2) | RELATED TICKERS: BABY

There is a baby in Ohio who was born on 8/9/10 at 11:12.

I know this is old news, but I just had to post it as a lot of times Alstry doesn't get enough credit for his correct predictions.

I can't wait to see what's gonna happen on 9/10/11...

2 Comments – Post Your Own

#1) On August 24, 2010 at 8:34 PM, atarigod (< 20) wrote:

I apologize for hijacking your blog, but you probably share my same outlook.

Why are markets cratering when profits are increasing rather than decreasing? If anyone thinks that markets are not trying to force politicians hands to extend tax cuts you're kidding yourself. Just like in June Europe suddenly started not falling apart again.

Pick your panic de jour.

Report this comment
#2) On August 24, 2010 at 9:47 PM, Varchild2008 (84.64) wrote:

Some companies are NOT reporting increases in profits in this past earnings cycle.

Latest major problems include:

Hot Topic continuing to suffer same store sales losses
Arby's is 1/2 of WEN that is ailing.
Burger King took a 17% hit to sales
LOWES and HOME DEPOT reported poor sales
(RIMM)  sales disappointment
JC Penny

Couple that with the fact that even companies that reported increases in profit have come out with cautious to pessimistic outlooks for the rest of this year and 2011. 

And blaming "Tax Cuts" for this economic disaster is the dumbest thing since we have had numerous, painful, tax hikes in 2009/2010 + a ridiculous hike in the federal minimum wage laws 2007.... all of which should be targets for anyone's frustrations.  

Extending the Tax Cuts benefits all of us.....  Not doing so only benefits the Ruling Class.

Report this comment

Featured Broker Partners


Advertisement