Use access key #2 to skip to page content.

alstry (35.42)

Prepare for the 9.09 Slasher!!!! Blood flowing everywhere!!!!

Recs

15

August 29, 2009 – Comments (26)

WELCOME TO 9.09....AS BANKERS TELL YOU THE RECESSION IS OVER

GOVERNORS CAN'T CUT ENOUGH

Virginia Governor will announce job cuts around  Sept 7  

Gov. Timothy M. Kaine said today his budget team is well into its work to cut the fiscal 2010 budget to balance spending as the state faces an expected $1.5 billion revenue shortfall.

He will announce its cuts shortly before or after Labor Day, Sept. 7.

Those cuts, he said, will include layoffs among Virginia’s estimated 100,000 employees.

Baton Rouge LA Treasurers urges job cuts - 15,000 over three years?

BATON ROUGE, La. -- Cut 15,000 state jobs over three years, consolidate higher education management to one central board and pool purchasing and service contracts with Arkansas and Mississippi. Those are among the first recommendations to emerge as the Commission on Streamlining Government looks at ways to trim Louisiana government costs.

Gov Jennifer Granholm says State Layoff notices going out

Liz Boyd, spokeswoman for Gov. Jennifer Granholm, said the notices are required under the union contracts whenever the state does not have a budget in place 30 days before Oct. 1.....Michigan State Employees Association, which represents 5,000 state workers from nearly every department.

Honolulu Gov Lingle calls meeting - More layoffs possible?

HONOLULU - Gov. Linda Lingle is calling an "emergency" meeting of her top aides this weekend to discuss more cuts to state spending.

Lingle said Friday that the additional cuts were due to the state Council on Revenue's decision Thursday to lower state revenue estimates.

Gov. Ed Rendell announces - 255 more State Worker layoffs

HARRISBURG -- Gov. Ed Rendell announced today that 255 more state workers will be laid off as of Aug. 28 because of ongoing state budget problems.

Added to the 218 layoffs that have been made since February, it brings the total number of layoffs this year to 473.

COLLEGES CUTTING CLASS

University of Berkeley - 300 layoffs and cutting courses 

The University of California, Berkeley is laying off roughly 300 employees and cutting about 8 percent of its courses to address a steep drop in state funding.

University...N.C. State - 400 layoffs and other Educational cuts

Bigger classes and fewer class offerings – that's  what some North Carolina State students are dealing with this school year.

HEALTH CARE NO LONGER IMMUNE.......BLEEDING ALL OVER IN THE ER

Southcoast Hospitals Group - 93

Cooper County Memorial Hospital - 15

Elk County Mental Health Center - 7

Cook County Health and Hospital Systems - 500 over next year

Sebastopol Hospital - 15

North Carolina Mental Hospital - 75

Sunrise Hospital and Medical Center - 100

University of Iowa Healthcare / Hospitals - 285 

UPBEAT MEANS ON THE STREET FOR 400..another leveraged company with swaps?

Jeff Lorberbaum, Mohawk chairman and CEO, said in a press release he was upbeat about the company’s performance during a tough economic stretch.

Mohawk Industries will lay off 400 workers at a plant in Dublin.

The above and LOTS more obtained at http://www.dailyjobcuts.com/ and brought to my attention by JerseyGirl

WHEN GOVERNMENT CONSUMES HALF OF GDP, AND HALF OF GOVERNMENT SPEND IS BORROWING, THE CITIZENS  MUST MAKE A CHOICE BETWEEN GDP AND GOVERNMENT.

26 Comments – Post Your Own

#1) On August 29, 2009 at 12:35 AM, alstry (35.42) wrote:

The longer we take to restructure....the more the Zombulator destroys and more and more businesses will close causing MASSIVE JOB LOSSES:

Noble County Dodge Chrysler Jeep Dealership 

Whitman Packaging closing its Yaphank Plant - 150 to lose jobs

Dean Stalling Ford - 100 Jobs Lost to Result

Ziegler's Ace Hardware Closing West Dundee Shop

Precision Technology closes Abruptly in New Hampshire 

Fish & Richardson PC closing Austin Office

Austin Garden Center 

Stop & Shop and Sister Chain closing 43 In-Store Kiosks

Bulgari SPA closing many US Shops

Whirlpool to close Indiana Factory - 1,100 Job cuts

Safari Cup in Al closing

Bowling Alleys losing business some forced to close

A Branch of Washington State University Learning Center to close Monday

The American Bread Company in Grand Rapids Michigan closed

Sanofi-Aventis to close Kansas City Plant

Rockwell Collins to close California Operations - 600 job losses to result 

Youth Detention Center in Milledgeville possible closing - 400 jobs on the line

Amini Galleria closing 2 KC stores

Clark Chrysler Dodge 

Bob's Golf in Nevada closing

CornerStone Market 

Dunlop Pontiac Dealer to be closing?

Proctor & Gamble closing Vandalia Iam's pet food business Headquarters  

Bulgari Store to close in Aspen

Target closing in Upscale Chandler 

Oakley's Books and Gifts

Report this comment
#2) On August 29, 2009 at 12:46 AM, alstry (35.42) wrote:

REMEMBER FOOLS....small business owners and independent contractors such as real estate and insurance agents DON'T get counted in the unemployment numbers.  A number of people in Alstry's world are classified as such and are struggling right now due to low or no work.

Alstry estimates there are millions of uncounted real estate sales people, construction workers, small business owners and other independent contractors out there right now facing extremely challenging times and not counted in the statistics.

In addition to the above, the following businesses also recently closed or closing likely adding to commercial vacancies:

Metaldyne plant in Guilford - 144 jobs lost

Scribbles in Burlington closing

Quad City Die Casting closing Sep 4th

Coastal Glass closing

Johnson and Johnson eliminating CC Biz Unit

Kin's County considers closing 39 Parks

Harley Davidson closing Braker Lane Store in Texas

Sappi Paper Mill to Permanently close Muskegon Michigan paper mill - 190 jobs lost

Goldberg's Furniture in Syracuse 

The Chowder House in Hawaii

Twin Moons Anime Store 

YCMA Stores in Skegness

2 Local NY M. Wile & Company closing

Aspen Book Store closing

Marie Curie closing Charity Shop (International)

Sonoma Bank closing Friday

Holder Ford on West Napa Street to close Aug. 31

Motion Picture and Television Fund's Long Term Care Unit to close by years end?

Positronic Industries closing Cabool Plant Effective Oct 30 -  36 layoffs 

Albertsons closing 5 Denver Stores

Tweed in Seattle to close

S&K closes doors forever??

Musashi of Bennettsville closing at end of year, 157 layoffs result. 

3 Tri City Businesses to close

Smith Holden Music closing down

Bank First National closing 3 Branches

Starbucks in Palmer Town Center

Sylvan Learning Center closes 2 Locations

Cheshire Books in Yakima to close

Trinity to Close Fort Worth Railcar Plant for 6 months?

The Lookery Online Traffic Company closing

Exterran Holding Inc plans to close 2 facilities 

Albertsons to close 4 Florida Stores

Clarabella store closing

Peak Fitness Robinhood Location closed

Dominic's Produce Store in Moss Landing

Ponderosa Steakhouse in Fairview Heights

Renegade Classic in North Syracuse 

Music Man Murry in LA closing

Hometown Foods in Waterloo IA

Dillard's to close 5 other locations this year

Jordan's Steakhouse in Ellicott City

Mahood's Shoe Store to close

Sanford Corporation to close Wisconsin Plant 

Crunch Gym closing 1 location in Chicago 

The Giant Eagle Supermarket in Castle Shannon

Homer's Music and Gift in Lincoln 

Caprial's Bistro in Southeast Portland

Camfil Farr Shuts Down Shawnee Plant

CleanPak International Inc closing it Clackamas Plant and laying off all 163 workers

Blockbuster Store in Las Cruces

Report this comment
#3) On August 29, 2009 at 12:51 AM, checklist34 (99.70) wrote:

alstry, things aren't ideal, that is clear. 

but, to add value to your posts aside from the shock factor thing you seem to seek

1.  why is this going to cause th eworld to end?  as in how significant are the layoffs in the grand scheme, etc.

2.  what, precisely, should we do to prepare?  stockpile bullets and weapons and canned food?  buy gold?  sue?  

seriously i think more substance than just iteration of every possible bad headline would add alot of value provided that value offering is your intent here.

Report this comment
#4) On August 29, 2009 at 1:04 AM, awallejr (81.59) wrote:

9.21.09 fast approaching and Alstry's predicition of DOW 5,000 or less by end of summer becoming more and more laughable.

1)  Intel increases its outlook.

2)  Durable goods orders increases.

3)  Small yet nevertheless an INCREASE in wages posted.

4) consumer confidence increase more than expected.

5)  New home sales increase.

6)  Dell eps increases and expects big ramp up for next year.

Just a few positives off the top of my head. 

 

Report this comment
#5) On August 29, 2009 at 1:06 AM, alstry (35.42) wrote:

check, 

Quite frankly, I am not exactly sure what to think right now.

When our government focuses benefits on the few at the expense of the many....it is difficult to forecast where anything is heading.

As far as I can tell, never has our government and bankers so blatently acted contrary the interests of OUR citizens.

We are entering uncharted and dangerous territory from a legal  and historical perspective in our country.  Rules that were once considered fundemental are now fleeting.

Without rules....we tread on very thin ice potentially leading to unforeseen and serious consequences.

Alstry screams because the people remain silent....when the people start screaming....Alstry will quiet down.

 

Report this comment
#6) On August 29, 2009 at 1:08 AM, jatt22 (44.55) wrote:

god  look  like  u  just hit   treasure  of  bad  news  . send  this   blog  to  mr  president  u  might  get  an  interview  wth  some  body  working in  white  house  .   good  luck  

Report this comment
#7) On August 29, 2009 at 1:13 AM, alstry (35.42) wrote:

awa,

1)  Intel increases its outlook.

2)  Durable goods orders increases.

3)  Small yet nevertheless an INCREASE in wages posted.

4) consumer confidence increase more than expected.

5)  New home sales increase.

6)  Dell eps increases and expects big ramp up for next year.

5/6 OF YOUR POSTIVES ARE A DIRECT RESULT OF GOVERNMENT SPENDING.  #4 was a negative.

Government consumes 50% of GDP, and 50% of government spend is borrowing.  This rising trend cannot continue without destroying our economy,  nation, and people....very soon the citizens will have to make a choice, GDP or government....regardless what the stock market is trading at.

It will be interesting to see which one is picked.

Report this comment
#8) On August 29, 2009 at 1:20 AM, awallejr (81.59) wrote:

Now you are talking out of both sides of your mouth as is typical. You have your agenda, which is to apparently be nothing but an agent provocateur for chaos.

9.21.09 is approaching.  You have been warned of the inevitable mockery when your DOW prediction is proven wrong. Cross those fingers for a massive crash starting September 8, 2009 which I KNOW you are hoping for.

Report this comment
#9) On August 29, 2009 at 1:20 AM, alstry (35.42) wrote:

jatt,

It is just a small sample....imagine the millions of silent independent contractors and small business owners suffering right now as the bankers cut them off from credit and raise their interest rates.

And didn't we taxpayers just bail out the bankers by giving them credit and lowering their interest rates?

Report this comment
#10) On August 29, 2009 at 1:27 AM, alstry (35.42) wrote:

awa,

You have no clue what I am  hoping for....and based simply on the contents of your posts......

You obviously don't have much of a clue about very much....you just thought consumer sentiment was going up when it was in fact going down.  you didn't even know that the increase in your postives was simply due to government recklessly spending money it didn't have.....

but don't worry I like you, and it is fun having you around, you personify the Alstrybater so well....and without you, I could have never come up with the term.

In a round about sorta way......you are indirectly the creator of the Alstrybater.

Report this comment
#11) On August 29, 2009 at 1:41 AM, awallejr (81.59) wrote:

Oh I know exactly what you are hoping for.  Don't even try to kid a kidder.  And as for the latest direction of consumer confidence oh clueless one here's a link for you to read:

http://www.google.com/url?sa=t&source=web&ct=res&cd=4&url=http%3A%2F%2Fwww.conference-board.org%2Feconomics%2FConsumerConfidence.cfm&ei=772YSvDuKoee8QbF3ZSnBQ&usg=AFQjCNErUVX_dEBBN6F_qNtb4Me2JYxPgg

Report this comment
#12) On August 29, 2009 at 7:39 AM, JerseyShoreGirl (< 20) wrote:

I know I might sound like a broken record re. Glenn Beck, but he is the ONLY ONE in the TV media sounding the alarm and truly exposing the STATISTS we have in the White House ... Yes, the Democratic party has been highjacked, IMO.  Glenn is also very critical of Bush ... so what he's saying isn't about Right/Left .. it's about the survival of America.

Here's an excellent link showing highlights from Glenn's show this week.  Any clear-thinking American, regardless of party will find what Glenn is reporting very sobering ..

http://www.glennbeck.com/content/articles/article/198/29831/

 

Report this comment
#13) On August 29, 2009 at 8:35 AM, alstry (35.42) wrote:

awa,

Your problem is that you rely on government reports and old news....your report came out Wednesday...this came out yesterday.

Economists surveyed by MarketWatch were expecting consumer sentiment to rise slightly to 64.0.

The preliminary August reading was the lowest since March. Analysts thought the drop overstated the concerns about economic conditions.

Large job losses, weak income growth, falling house prices, rising energy prices, and too much debt remain pressing concerns for consumers, analysts said.

As a result, consumers have the grimmest assessment of their personal finances since the Great Depression, said Richard Curtin, the director of the Reuters/U Mich survey.

Based on the fact you seem to be fixated on Alstry, you may want to start focusing on reality...that is where you live.

Report this comment
#14) On August 29, 2009 at 10:34 AM, jddubya (< 20) wrote:

"you may want to start focusing on reality..."

The reality is that your projections have been consistently wrong.  The reality is that you're only spreading fear, and offering nothing in the way of preparing.  The reality is that there is NOTHING anyone can do to prepare at this point.  The reality is that you attack anyone disagrees with you.  The reality is that the market did NOT top at 8300 in April.  The reality is that unemployment is NOT at 50%.  The reality is that this country is and will continue to be one of THE BEST places to live out your life.

I'll give you this... the reality is you post TONS of mainstream media stories.

Report this comment
#15) On August 29, 2009 at 10:45 AM, awallejr (81.59) wrote:

Alstry, your problem is you simply like to cherry pick and ignore other sources that say othewrwise.

"The Conference Board Consumer Confidence Index ®, which had retreated in July, rebounded in August. The Index now stands at 54.1 (1985=100), up from 47.4 in July. The Present Situation Index increased slightly to 24.9 from 23.3 last month. The Expectations Index improved to 73.5 from 63.4 in July."

Consumers' short-term outlook was much improved from last month. Those expecting an improvement in business conditions over the next six months increased to 22.4 percent from 18.4 percent. Those anticipating conditions to worsen decreased to 15.8 percent from 19.0 percent.

The labor market outlook was also more upbeat. The percentage of consumers expecting more jobs in the months ahead increased to 18.4 percent from 15.5 percent, while those expecting fewer jobs decreased to 23.3 percent from 26.1 percent. The proportion of consumers expecting an increase in their incomes increased slightly to 10.6 percent from 10.1 percent."

9.21.09 coming quickly.

Report this comment
#16) On August 29, 2009 at 10:57 AM, alstry (35.42) wrote:

jd,

You are my other favorite Alstrybater.....

I truly appreciate you and awa being around...it helps explain to me how the market can be trading at these levels and how so many can be oblivious to the assault on its citizens.

It helps explain why so many think their money in the bank is "safe."

You see, the market trading right now is being dominated by the trading of a few worthless financials....that is right worthless.  Yet the market is placing values into the billions.  Instead of asking yourselves why.....you bury your heads into the sand and simply Alstrybate....that is OK...it is your right.

Both of you continue to listen to your government officials who tell you things like subprime is contained.....but refuse to accept that tens of millions of Americans have lost their jobs, suffered massive wage cuts, and millions more not counted because their suffering has endured too long for our government to choose to count. 

Your presence on my blog has been invaluble....it has provided great insight....and for that thanks as 9.09 is here....don't fear....because it will shock the heck out of you if you two really do believe what you write.

Report this comment
#17) On August 29, 2009 at 11:10 AM, jddubya (< 20) wrote:

I can't wait for this: 

If by the end of September, MOAP never matierializes, Alstry will dematerialize into cyber ether.

We can hope, but the reality is that you will again twist the facts in your favor. 

Report this comment
#18) On August 29, 2009 at 11:19 AM, alstry (35.42) wrote:

MOAP is here.....are you prepared;)

Worthless stocks are dominating the market trading.

Hospitals in AZ are banning all children visistors due to Swine Flu.

Half of government spending is borrowed money and printing fostering a Ponzi economy.

Banks are lying about their assets.

Millions of small businesses and independent contractors are suffering, shuttin down and not counted.

Our cities, counties and states are firing workers by the tens of thousands and starting to shut down.

Soon, even you will see this......Markopolis warned the SEC for seven years.........but didn't listen and many were harmed........soon you too will hear.

Report this comment
#19) On August 29, 2009 at 2:24 PM, awallejr (81.59) wrote:

The only one who Alstrybate's is you.  You sure you don't work for The National Enquirer?

I have a straight forward agenda on this site, mainly to contribute in helping people make money, and to get ideas from others.  I actually have a pretty good track record on the things I advise people to trade and invest in in blogs or replies I write. I don't mean portfolio picks, those are for me to track.  I mean things I outright suggest in blogs for people to put real money in.  And I've made money off things others suggested that led me to research further.

You, on the other hand, just sing the same old cherry picking song. 

I like to consider myself as a counterweight to your collage of caliginous crap.

T minus 23 days and counting until 9.21.09 where you said the DOW will be 5,000-2,000. 

Report this comment
#20) On August 29, 2009 at 2:30 PM, alstry (35.42) wrote:

Once you understand High Frequency Trading and its influence on the market...it would not be out of the relm of possibilities that the market shut down completely for a while to let things sort themselves out.

If you are a counterweight....why don't you present facts supporting your position....you only supply government conclusions which are questionable at best.

When I say facts...merely data points......the source is not important as long as credible.

For example, 100,000,000 million Americans dependent on the government for income is a fact.  America's economy is improving is a conclusioin or The Dow going to 1000, 5000, or 10,000 is speculation.

Report this comment
#21) On August 29, 2009 at 2:48 PM, awallejr (81.59) wrote:

Alstry I've argued plenty of facts with you.  It is you who ignores reality.  Shall I list?

1)  Alstry: U6 unemployment will hit 60%, but U3 only 11%.  And while I challenged your 5-1 U6 to U3 ratio as having zero historical correlation, and when the unemployment rate was published which supported me and not you, your response?  The Government lied.

2)  Your prediction that GDP will crash 60%.  Lastest GDP number was minus 1%, and with future quarters predicted to be no worse than flat and even positive.

3)  Your prediction that the DOW topped at 8300.  Last I looked it is over 9500.

4)  Your prediction that the DOW will be 5,000-2,000 by end of the summer.  Most people interpret that to mean by labor day.  I am being generous and giving you the true calendar end.  So basically you would need the stock market to crash 4500 to 6000 points in the next 3 weeks.

I told you my agenda on this site.  Your agenda, as I said, is to simply spam a collage of caliginous crap.  You've mentioned you have kids.  I shudder at the thought of what bedtime stories you must tell them.

I've never said the country is hunky dory.  I've blogged plenty about how we got to this mess.  Who caused it.  And my opinion of the whys.  I've said we aren't going to see a robust economy any time soon because we still have to absorb the excesses created by the housing bubble.  I've said it is going to take years.

Where we differ is I think we can get through this mess.  You don't think so or you don't want us to. 

Report this comment
#22) On August 29, 2009 at 2:57 PM, awallejr (81.59) wrote:

Meant 4500 to 7000 ;p

Report this comment
#23) On August 29, 2009 at 2:58 PM, awallejr (81.59) wrote:

I need to be more careful in reviewing before hitting enter (7500 ;p)

Report this comment
#24) On August 29, 2009 at 6:52 PM, topsecret09 (37.44) wrote:

   This market Is as phoney as a three dollar bill.... Alstray Is correct when he says that the market Is being dominated by worthless stocks....  This whole rally has been about the FINANCIALS and TECH stocks,but mostly worthless financials. THE TOXIC ASSETS ARE STILL ON ALL OF THEIR BOOKS !!!  Stocks  on a tear.... Citigroup, AIG ! ,  Fannie, Freddie, Vonage !!,  Morgan Stanley, Bank Of America .....       http://money.cnn.com/2009/08/28/markets/thebuzz/index.htm

Report this comment
#25) On August 29, 2009 at 6:55 PM, topsecret09 (37.44) wrote:

http://www.cnbc.com/id/32581463

Report this comment
#26) On August 29, 2009 at 8:45 PM, awallejr (81.59) wrote:

Well let's see. Oil integrateds are up.  ATPG, which I have advised people to buy is up.  Lot of drug companies are up.  Materials have been making a nice run.  You could have made a ton off MTL if you bought it when Andreylikes MTL said.

What amuses is me is how the ones you mentioned and are on a "tear." Want to tell that to the people who owned those stocks just last year?

Report this comment

Featured Broker Partners


Advertisement