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alstry (35.90)

What To Expect Beyond 9.09....Now You Will Feel Since You KNOW

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September 30, 2009 – Comments (18)

The Fraud WILL UNRAVEL!!!!!!!!!!!!!!!!!!!!!!!!!!

The overall poverty rate in the US rose to 13.2 percent in 2008, as workers across all sectors of the economy became jobless and increasing numbers of families were forced into destitution, according to a new government report. Real median household income also declined by 3.6 percent.

JUST 260 MILLION TO GO UNDER THE CURRENT ZOMBULATION POLICY......

NEW YORK (Reuters) - U.S. corporate debt default rates are expected to hit "unprecedented" levels in 2009, even though the economy may be past the halfway mark of the U.S. recession, according to a forecast unveiled on Monday at the Reuters Restructuring Summit.

"There is a lot of pain left -- we are only just half way through the 600 or so defaults in this cycle," said Phil Kleweno, a partner at Bain's corporate renewal group.

AND BENNY B TELLS US THE RECESSION IS OVER?????

MY FRIENDS....NOW YOU KNOW MOAP.......SOON YOU WILL FEEL MOAP

18 Comments – Post Your Own

#1) On October 01, 2009 at 7:15 AM, alstry (35.90) wrote:

Romanian government collapses; stocks fall

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#2) On October 01, 2009 at 7:50 AM, alstry (35.90) wrote:

 The Orchard - 20% of Staff 

Chrysler Financial said today that it is laying off about 12 percent of its 3,000-strong U.S. work force or about 360 employees.

Missouri Department of Conservation - Closing Offices and 173 Positions cut or unfilled

Armstrong World Industries closing Cabinet Plant by Dec 18th - 171 layoffs

Trompeter Electronics Inc closing Mesa Plant - 135 Job Cuts

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#3) On October 01, 2009 at 9:54 AM, jesusfreakinco (29.58) wrote:

Cold war USSR - is this kind of insider trading any different than communist Russia at its peak?

JFC

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#4) On October 01, 2009 at 12:20 PM, jddubya (< 20) wrote:

MOAP?  Right.  Whatever you claimed MOAP to be never happened.  All one needs to do is to get outside and compare today to 6 months ago.... it's about the same.  There is nothing of what you've been spewing happening. 

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#5) On October 01, 2009 at 12:28 PM, Judochop172 (33.62) wrote:

http://www.clarionledger.com/article/20091001/NEWS/91001014/Miss.+revenues+tank+in+September

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#6) On October 01, 2009 at 12:31 PM, alstry (35.90) wrote:

As Alstrydomous said, NOW YOU WILL FEEL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

DALLAS - Across Dallas today, hundreds of city employees packed up their belongings amid emotional farewells from colleagues.

Fifth Third Bank Consolidates Some Offices 

Richland Economic Development Corporation to Suspends Operation Oct 30

Chanterelle Restaurant in NY

4 Saturn Dealership Closing in Utah

Dr Pepper-Snapple Group Closing Holland Plant - 90 Jobs Lost

North Carolina Closes 7 Prisons due to Budget Problems

Seven & I ( International ) Closing 30 Supermarkets

Hollywood Video in Marshfield Closed

The Museum At Winterthur closing for 5 weeks

A Planned Parenthood in Missouri 

Vail-Ballou Press in Kirkwood closing - 270 Layoffs

Miami Dade County - Several Offices Closing

Closing Saturn Dealerships to Hit Virginia hard

J&K Office Products in Winona

Joe Romano Chevrolet in Syracuse

Huckleberry Farms Health Store

Hardware Hank

The Brandon Auto Mall

Lucky Dog Casino north of Shelton closing for the Winter

Health Hutt Closes Grand Rapid Store

Armstrong World Industries closing Cabinet Plant by Dec 18th - 171 layoffs

Trompeter Electronics Inc closing Mesa Plant - 135 Job Cuts

Niketown in Waikiki Closed Completely

Missouri Department of Conservation - Closing Offices and 173 Positions cut or unfilled

Denso Car Part Maker ( International ) - 730

Ebay Germany - 400

Tredyffrin Township - 11

Great Dane Trailers - Temporary Shut down - 67 Layoffs

German State Bank Plans - 2,500 over next 4 years

City of Cincinnati 2010 Budget - Layoffs Likely

Sullivan County - Possible Layoffs

City of Dallas - Last Day for Hundreds of Employees

Lafarge Company - 35 Temp Layoffs

City of Findlay - 34 and Tax Increase?

Idaho Public Television - 2

UC Riverside - Furlough Days vs Layoffs

Transmission Games - 20+?

Ash Grove Cement Company - Temp Layoffs Coming?

The Orchard - 20% of Staff 

Chrysler Financial - 360

Arkansas ACORN - 4

Ulteig - Layoffs Unknown Number

 

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#7) On October 01, 2009 at 12:35 PM, weg915 (< 20) wrote:

If you disregard the presentation.  Most of what Alstry says has been happening.  Afterall his posts are mostly headlines.  I would say the market's reaction and interpretation of the data has been different then what he expected.   

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#8) On October 01, 2009 at 1:00 PM, jddubya (< 20) wrote:

Kohls adds 5000+ jobs

 http://www.nytimes.com/aponline/2009/09/30/business/AP-US-Kohls-Jobs.html

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#9) On October 01, 2009 at 1:28 PM, jddubya (< 20) wrote:

More jobs:

http://blog.mlive.com/chronicle/2008/08/west_michigan_companies_adding.html

 

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#10) On October 01, 2009 at 1:44 PM, jesusfreakinco (29.58) wrote:

If CIT goes under this weekend, Alstry will only be three days off

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#11) On October 01, 2009 at 1:47 PM, jesusfreakinco (29.58) wrote:

Jddubya,

Net, net, there are a lot of job losses being lost in retail right now.  Kohls may be taking market share, but whommever they are taking it from (department stores at malls) are losing a lot more than Kohls is adding.

Plus, these are likely low-paying retail minimum wage jobs.  Not exactly the kind that will pay a mortgage on a $200K house payment and car payments on a $40K SUV.

JFC

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#12) On October 01, 2009 at 3:29 PM, jddubya (< 20) wrote:

I take 15 seconds to find 2 positive examples for the jobs market and you attempt to minimalize it.  You are right about net numbers, but my point (which admittedly I did not articulate) is that jobs are being created during these times.

Alstry takes an average of 3 blogs per day and goes to webs sites where job losses are listed, then he splatters copies of the links here, and you and others praise his info to no end.  It's especially amusing how his distrust for the mainstream media is so prevalent in his blogs, yet much of the data Alstry spews comes from that same mainstream media.

MOAP (whatever that means) hasn't occurred and likely won't.  Despite anything that Alstry spews there is simply not a thing that anyone can do to prepare for what he has implied will happen.

And, oh, if the market drops to S&P 555, Dow 5000 he will only have been 6 months off..... JEEEEEEEZ UZZZZZZ

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#13) On October 01, 2009 at 3:59 PM, jesusfreakinco (29.58) wrote:

Jdduya,

Sorry I wasn't meaning to minimize your job gains, but put them in context.

I agree Al has blown his cred related to S&P projections.  However, so have I and a lot of others that used by be in the 99s.

A lot of us have underestimated the ability of the Fed to pump these markets.

Despite anything that Alstry spews there is simply not a thing that anyone can do to prepare for what he has implied will happen.

On this point, I disagree.  While Al has been sparse in his comments about how to prepare, there are some ways to prepare for disaster - gold, silver, foreign currencies, guns, ammo, stored food.

Fool on...

JFC

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#14) On October 01, 2009 at 4:19 PM, cudakhan (< 20) wrote:

Although, the latest news does not look that great, there are companies that are hiring new workers.  Some companies have benefitted from the down turn and have increased market share.  Whats happening is that small business is being pushed out, consumed by larger companies that can make up losses with higher volume sales

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#15) On October 01, 2009 at 4:22 PM, jason2713 (< 20) wrote:

My company is hiring by the boat load, of course we are in health care, which is a great industry to be in right now.

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#16) On October 01, 2009 at 4:29 PM, bigcat1969 (96.90) wrote:

Healthcare and the federal government are the places to be thats for sure!

The Romanian government falling link is here.   Actually it wasn't really fallen but the major coalition fell apart.  Expect new elections soon.

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#17) On October 01, 2009 at 4:32 PM, cudakhan (< 20) wrote:

look at the source of your information, make sure you are getting all the facts! 

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#18) On October 01, 2009 at 4:40 PM, Huayra (< 20) wrote:

It's a great time to be an investors. We have experienced a great run-up since March, most of us made some nice profits. At the same time a lot of people on this forum have taken some profits in september and build up a nice cash reserve for the coming months. As long as you've build up your portfolio with decent companies on a good value basis it doesn't really affect you either way.

Stick with the investments you still have and if we do experience a fallback to the 8500 - 9000 range it seems like a good point for some new investments. Of course, the lower you go the better it is, but it seems like a bit of wishful thinking to assume that the DOW could fall back to 7.500 - 8.000. People have a better feeling for relative valuations now.

The only disappointing thing is the slow growth prospects in the 'developed' nations for the foreseeable future, so when you reach certain valuation levels, like you now see at the 9.500 - 10.500 range the markets just stall. But then that only shows we've all learned our lessons. The days of easy money are over, which could be considered a health development in the long run.

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