Dow officially down for the year.

Brock Landers · 08-12-10, 03:49 PM

my 401K is doing just fine.

fuk those bullshit numbers

SBR_John · 08-12-10, 03:52 PM

I dont own any stocks now but I dont see this market doing much work on the downside. With bonds at 2.5% and stocks already cheap, the move is to play the rallys.

statnerds · 08-13-10, 09:13 AM

Originally posted by Brock Landers

my 401K is doing just fine.

fuk those bullshit numbers

tell that to the 9.5% unemployed, which fails to count people that quit looking for work. what you think the actual rate is? 11%? 11.5%?

tell that to the small business owners that account for about 80% of the workforce. they do the math. they run the 'bullshit numbers'. and they are afraid to hire people.

investors run the numbers too. and when shit like this can happen to investors:

where a government can just take over a company, pay off the unions and tell the shareholders to fuk off, who wants to invest?

statnerds · 08-13-10, 09:17 AM

Originally posted by SBR_John

I dont own any stocks now but I dont see this market doing much work on the downside. With bonds at 2.5% and stocks already cheap, the move is to play the rallys.

i'm waiting til Feb or March 2011. when taxes go up in January on everybody and the housing market finally bottoms out again, going to be some major value out there. there will be little runs here and there so GS can make a shitload of money buying and selling stocks for people, but it is all smoke and mirrors.

also in no hurry to buy a house. rates hit 4.475% yesterday and that shit ain't going nowhere anytime soon. will be difficult to sell my house in the Spring, but that is my plan. sell this and buy more house than i could have gotten at 5.75% or 6%.

also saving as much cash as possible right now, cause like i said, economy is going to get worse in Jan and Feb and there are going to be some real good deals to be had.

coloradobuff · 08-13-10, 09:58 AM

dont see any reason it goes up anytime soon

Fishhead · 08-13-10, 10:00 AM

Originally posted by statnerds

i'm waiting til Feb or March 2011. when taxes go up in January on everybody and the housing market finally bottoms out again, going to be some major value out there. there will be little runs here and there so GS can make a shitload of money buying and selling stocks for people, but it is all smoke and mirrors.

also in no hurry to buy a house. rates hit 4.475% yesterday and that shit ain't going nowhere anytime soon. will be difficult to sell my house in the Spring, but that is my plan. sell this and buy more house than i could have gotten at 5.75% or 6%.

also saving as much cash as possible right now, cause like i said, economy is going to get worse in Jan and Feb and there are going to be some real good deals to be had.

SHARP

Extra Innings · 08-13-10, 10:01 AM

Country has gone to hell

Fishhead · 08-13-10, 10:10 AM

Originally posted by Extra Innings

Country has gone to hell

.....and not even in a hen basket.

More like a rathole.

Brock Landers · 08-13-10, 10:15 AM

seems fine to me...you jackasses talk about 9 or 10% Unemployed, what about the 90% who ARE employed??

Fat needed to be trimmed, and was. Its called Darwinism at work boys!

Fishhead · 08-13-10, 10:19 AM

BROCK, I'm recomending you transfer 75% of your 401k into the offshore gaming world.........6-12 different books.

ATTACK

ronald · 08-13-10, 10:55 AM

Originally posted by Fishhead

BROCK, I'm recomending you transfer 75% of your 401k into the offshore gaming world.........6-12 different books.

ATTACK

This advice is worth five figures, Brock. You're getting it for free. Now DO IT! Or you can continue to piss your money away on rubberman plays and homo milk. SULUPE!

Albert Pujols · 08-13-10, 11:02 AM

The crash is coming, boys.

curious · 08-13-10, 11:11 AM

Wait until small companies figure out the true impact of the Obamacare bill on them. (Their insurance premiums are going to go up at least $2,000 per employee per year and they will be forced to give ALL their employees coverage).

Then wait until small companies get hit with higher taxes in 2011/2012.

Whether they want to hire anyone or not, they won't be able to.

Oh, I almost forgot, the DemoCong party is going to start taxing offshore profits of companies based in the US WIHTOUT giving them a tax holiday on profits that are repatriated to the US (HUH???), so just wait until companies decide it will be in their best interest to no longer be "American" but to relocate to someplace that has a rational tax policy.

I can see the DOW at 6500 with lots of companies delisted because they moved off shore.

SBR_John · 08-13-10, 11:23 AM

I bought the SPY in here at 108.72. Just looking for a bit of a dead cat bounce from the brutal sell off.

I hear you guys but my argument stands; at zero inflation and near zero interest rates, cash will keep propping the market up and buying rallies is an easier call than selling drops imo.

itchypickle · 08-13-10, 11:26 AM

Hope everyone enjoyed the uptick in earnings this past quarter because...well...the third will be an oh sheite week when they start reporting.

Fishhead · 08-13-10, 11:28 AM

CORN and SOYBEANS on the move up............NICE RALLY the past 30 days.

BUY FOOD NOW!!!

tltaylor89 · 08-13-10, 11:29 AM

Buy the VIX see volitility creeping up lot of managers are derisking and moving clients to corporate paper I am doing the same.10 Trillion in cash On the sidelines things could get worse before they he better.We are below the 200 day MA on the S&P I'm looking at the 1040 level before buying anything.

Albert Pujols · 08-13-10, 11:47 AM

Originally posted by Brock Landers

seems fine to me...you jackasses talk about 9 or 10% Unemployed, what about the 90% who ARE employed??

Fat needed to be trimmed, and was. Its called Darwinism at work boys!

Real unemployment is at 17%. Just because you have a cushy state job with a bankrupt state doesn't mean you are safe from "Darwinism."

Fishhead · 08-13-10, 11:50 AM

Originally posted by Albert Pujols

Real unemployment is at 17%. Just because you have a cushy state job with a bankrupt state doesn't mean you are safe from "Darwinism."

tltaylor89 · 08-13-10, 12:10 PM

Originally posted by Albert Pujols

Real unemployment is at 17%. Just because you have a cushy state job with a bankrupt state doesn't mean you are safe from "Darwinism."

Public sector jobs are getting cut becuase of budget shortfalls but real unemployment is closer to 8.5%

SRBI · 08-13-10, 12:13 PM

Yeah, just blame Obama, that's all you people know how to do anyway, blame somebody else for the shit you yourself created. Let me ask a question, how many of you voted to re-elect Bush for a second term? Yeah, you morons are the only ones to blame for the crap that you're whining about right now. Give a nice big thank you to your parents as well because I don't doubt for a second that they voted for that idiot too since 2000.

szk1983 · 08-13-10, 12:18 PM

Get ready for another recession.

Emily_Haines · 08-13-10, 12:19 PM

Originally posted by Albert Pujols

Real unemployment is at 17%. Just because you have a cushy state job with a bankrupt state doesn't mean you are safe from "Darwinism."

Typical state employee, does nothing and spends all day on the internet. And people wonder why I refuse to work.

curious · 08-13-10, 12:26 PM

Originally posted by SRBI

Yeah, just blame Obama, that's all you people know how to do anyway, blame somebody else for the shit you yourself created. Let me ask a question, how many of you voted to re-elect Bush for a second term? Yeah, you morons are the only ones to blame for the crap that you're whining about right now. Give a nice big thank you to your parents as well because I don't doubt for a second that they voted for that idiot too since 2000.

So Bush tripled the deficit since 2008? And Bush is raising taxes? And Bush passed the disasterous "Obamacare" bill. Wow, I didn't know that GW was so powerful to do all these things from his ranch in Texas after he left office.

Albert Pujols · 08-13-10, 12:50 PM

Originally posted by tltaylor89

Public sector jobs are getting cut becuase of budget shortfalls but real unemployment is closer to 8.5%

Bullshit. Government doesn't count you unemployed unless you are collecting benefits. 16-17% is the real number.

eidolon · 08-13-10, 01:37 PM

Originally posted by statnerds

i'm waiting til Feb or March 2011. when taxes go up in January on everybody and the housing market finally bottoms out again, going to be some major value out there. there will be little runs here and there so GS can make a shitload of money buying and selling stocks for people, but it is all smoke and mirrors.

also in no hurry to buy a house. rates hit 4.475% yesterday and that shit ain't going nowhere anytime soon. will be difficult to sell my house in the Spring, but that is my plan. sell this and buy more house than i could have gotten at 5.75% or 6%.

also saving as much cash as possible right now, cause like i said, economy is going to get worse in Jan and Feb and there are going to be some real good deals to be had.

Best buy will be in 2013/14 for buying homes. The only reason that it wouldn't be in 2013 is if interest rates go up. But all the ARMs will be ending in the next 2-3 years, and shortly after that the market for selling your house will suck again. But it's not like it's a bad investment to buy right now, even if the price goes down a little bit in the next 2 years (I know a few people that are flipping houses right now and doing fine).

statnerds · 08-13-10, 08:58 PM

Originally posted by Brock Landers

Fat needed to be trimmed, and was. Its called Darwinism at work boys!

so when do we get to trim the fat on the public dole?

isn't welfare reverse Darwinism at work?

are public sector jobs for people that get by on credentials or whom they know instead of merit or performance? government work is the safe house for citizens that would otherwise be crushed by Darwinism.

statnerds · 08-13-10, 09:04 PM

Originally posted by eidolon

Best buy will be in 2013/14 for buying homes. The only reason that it wouldn't be in 2013 is if interest rates go up. But all the ARMs will be ending in the next 2-3 years, and shortly after that the market for selling your house will suck again. But it's not like it's a bad investment to buy right now, even if the price goes down a little bit in the next 2 years (I know a few people that are flipping houses right now and doing fine).

i'm just worried that when the dems get smashed in November, business will be able to catch their breath and stop being scared shitless of what is around the corner. i can't see interest rates being under 5 a year from now, unless the dems somehow still control congress after November. if they manage to not get absolutely murdered in mid-terms than rates will be going nowhere for another few years. fuk inflation, i ain't fraid of no ghost.

i wonder what the real unemployment number will be when bambi gets amnesty for all the illegals.

he only has two chances to win re-election in 2012.

1. amnesty for the beaners and he replaces the millions of votes he just lost from independents.

2. republicans take over congress. i mean who the hell do run against when your party had congress since '06 and the white house for 4 years?