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alstry (36.32)

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July 23, 2009 – Comments (6)

Furloughed workers having a tough time making ends meet.

Fired workers even tougher.

Millions of Welare recipients about to lose $$$$.

Food Banks running out of food.

Homeless getting kicked out of shelters.

And now, even the dead are broke and have no place to go.....

The poor economy is taking a toll even on the dead, with an increasing number of bodies in Los Angeles County going unclaimed by families who cannot afford to bury or cremate their loved ones.

http://www.latimes.com/news/local/la-me-unclaimed21-2009jul21,0,2534079.story

 

And bankers get trillions from the taxpayers to give themselves billions in bonuses?

Are you getting ready to rumble?

6 Comments – Post Your Own

#1) On July 23, 2009 at 1:37 AM, oshiri (< 20) wrote:

Sempai . . .

     But wait, the stimulus is working in California isn't it? The City of Pinole, CA, right here in the Bay-area, just got $1,000,000 to make some city sidewalk ramps ADA (Amercians with Disabilitites Act) compliant. http://www.contracostatimes.com/search/ci_12878289?nclick_check=1

     Surely this will save California jobs, and food banks, and the homeless? Calling Sen. Boxer, hello? Sen. Feinstien, are you in? Madam speaker Pelosi? Guv-a-nator???

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#2) On July 23, 2009 at 2:56 AM, alstry (36.32) wrote:

Seriously...Headlines getting embarrassing......

Japanese Exports Fall at Slower Pace as Slump Eases (Update3) July ...

If exports are still falling.....the slump is getting WORSE!!!!

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#3) On July 23, 2009 at 10:16 AM, prose976 (< 20) wrote:

One thing you continue to miss, Alstry.  The market doesn't care.  The market trades on the FUTURE conditions, not present and not past.  Get that in your brain and you might make a little money actually putting your money on a brighter future than a gloomier one.

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#4) On July 23, 2009 at 10:22 AM, Rebkong1 (< 20) wrote:

prose976..the market is being manipulated unlike ANY TIME in HISTORY by a governement and its cronies that are lying to you in UNPRECEDENTED ways...we are all witnessing the biggest FRAUD in this world's history..and some are smart and some dont have a clue

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#5) On July 23, 2009 at 10:48 AM, prose976 (< 20) wrote:

In 1907 J.P. Morgan made it clear when "he" bailed out the government that he was making the rules for this game.    The players may have changed, but the rules have not.

I'm just saying that rather than shake your fist at the rain, get a nice big bucket and fill 'er up while you can.

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#6) On July 23, 2009 at 12:11 PM, davejh23 (< 20) wrote:

prose,

Everyone understands that the markets are forward-looking, but have you seen any news lately that's signaling better times in the coming 6 months?  Maybe GS will let things run until we get close to their 1060 call and then short everything back to new lows.  GS's trades make up almost 40% of the market...they could cause the largest single day collapse in the market if they wanted to...then they could do it all over again.  I'm not saying that this is the most likely outcome, but earnings have been disappointing, and point to extremely disappointing earnings in Q3 and Q4, especially for financials.

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