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alstry (< 20)

Trick or Treat????



October 31, 2008 – Comments (3)

Oct. 31 (Bloomberg) -- U.S. stocks rose, capping the biggest weekly gain since 1974, after JPMorgan Chase & Co. took steps to end the housing crisis, bank lending rates declined and earnings from companies outside the financial industry expanded four times faster than the previous quarter.

The best week since 1974!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Is this rally sustainable????????????????????????????????????????????????

Mortgage rates rising, consumer spending tanking, layoffs by the thousands, businesses shutting down, commercial vacancies this the calm before the storm?????

Get ready....I think its going to be a doooozy.

3 Comments – Post Your Own

#1) On October 31, 2008 at 6:59 PM, lquadland10 (< 20) wrote:

Hey alstay. Riddle me this. If consumer is down .3% but government spending is up 10% then the consumer spending is really -10.3% right?  This is more enron accounting to me. What do you think?

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#2) On October 31, 2008 at 7:08 PM, alstry (< 20) wrote:

I am not sure about that one since the government can ostensibly print its spending........that said......the consumer is most of the ecnonomy and if the consumer is not spending and not making much income to pay taxes.......Houston we have a problem.......

Mish has a blog today about pension plans.....this is something I have been squawking about for months....get ready for a MAJOR problem.

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#3) On October 31, 2008 at 9:03 PM, motleyanimal (39.46) wrote:

I'm an Allstar again!!!

Cha, Cha, Cha!

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