Use access key #2 to skip to page content.

alstry (35.69)

Alstrydomous 9.09......It is NOT much Time!!!!!

Recs

10

June 30, 2009 – Comments (5)

Asset values imploding

Unemployment exploding

Cities and States running out of money

Tax receipts evaporating

Shopping Centers turning into Ghost Malls

Neighborhoods turning into Ghost Towns

Food Banks desperate for Food

And now this.......

 

With the state poised to issue billions in IOUs in lieu of cash this week, California's budget crisis could create serious headaches for some private vendors and local governments.

The deciding factor could be California's banks. If they're willing to honor the registered warrants, or IOUs, then the problem becomes manageable for the scores of small businesses and local governments that rely on dollars flowing from Sacramento. They'll be able to cash the IOUs.

But if the banks resist, billions in state payments will be effectively delayed – putting renewed stress on a state and region already suffering from a deep recession. One Rocklin company, a temp firm that relies heavily on state business, has already laid off five workers in anticipation of a cash squeeze.

http://www.sacbee.com/topstories/story/1987906.html

 

You think it might be time to call your elected official?????

5 Comments – Post Your Own

#1) On June 30, 2009 at 3:24 PM, alstry (35.69) wrote:

Don't be Fooled by the sirens song of slowing declines....it is still a decline and it is still getting worse.....

Auto Sales are at 1967 levels when our population was a fraction of what it is today.  I posted this on Deej's blog when he tried to imply that the current auto sales trends was signaling a turn around.....

THE FACTS  ARE THE FACTS!!!!!!!!!!!!!!!!

Just before a patient dies, often after a long bout with a terminal disease....their vitals stabilize, often for a protracted period of time.  Sometimes they smile, engage in conversation, even give the appearance they are improving.....then with one deep breath, often with a look of relief, they simply go to sleep........forever.

 

Alstry has been there.....too many times.

 

The facts are the facts!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

In the end, if people ain't working....they ain't buying.......and millions are about to lose their jobs and millions more getting massive paycuts!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

9.09

Report this comment
#2) On June 30, 2009 at 5:45 PM, cthomas1017 (36.16) wrote:

Yes, but I just saved a boatload at GEICO!

Report this comment
#3) On June 30, 2009 at 5:58 PM, Varchild2008 (84.39) wrote:

Hey Alstry!  Just a thought....

If you went back into your archives, or if you know the date in your head, it would be interesting if you did exactly what Smartrend does:

DOW Index down XX% since Alstry's 9.09 call.

Report this comment
#4) On June 30, 2009 at 6:05 PM, mts4243369 (< 20) wrote:

9.09?

Report this comment
#5) On July 01, 2009 at 12:13 AM, jddubya (< 20) wrote:

#4 - Yes, 9.09.  Sept of 2009 is the date that Alstry predicts the S&P will be at 555 or something like that.

Report this comment

Featured Broker Partners


Advertisement