Market crash: are we there yet ?

[Rickm505]

I know what I do for a living. I've explained it twice and that's more than I usually do and I won't address this again.

And while we're on the subject, what exactly does your post have to do with my posts? Are you disagreeing with my numbers?

OK, Which data are you disagreeing with? The employment numbers? That's your republican government numbers.

The Mortgage crisis? Turn on CNBC.

Housing numbers? See any pubication from Bloomberg, WSJ, NYT, you pick it, same story everywhere.

My future predicitons? I really haven't predicted anything other than there is trouble ahead.

Instead, you are focusing on what exactly? That I'm part of this industry? Well, that's not a news flash, is it?

I fail to see the point of your post other than the fact that you don't care for the picture it's painting. Well, I don't like it either.

[cardiacpaul]

my point is...

when a person "in the biz" is bemoaning a situation that he has fed off, picked bone dry, and is now wailing like a spanked girl because the larder is empty, and that some people have come to their collective senses (or cashed out) and is now pointing fingers at everyone blaming / helping to have cause the mess....

I find it rings a bit hollow, shallow, self-serving, and frankly, whiney.
Pull up your big-girl panties, get over it, you fed at the all you can eat buffet and you're pissed that the Manager has finally said, "you go home now, you been here long time"

Please do not assume what I care for and what I don't care for.

I do not feel that the picture is all that dark, I don't have a stats sticker on my sheepskin, but one has/had to be an idiot or just plain greedy, to assume that this could go on much longer.

This is a correction, nothing more, nothing less, in the grand scheme of things some people profit, some lose, thats the way of it. And one day either way, it doesn't matter all that much.

I felt the the same way about this when I was approached by headhunters offering free Beemers to come to work for their dot.com when they had no product and were flush with investor money. I felt the same way when Cisco was trading for 130.00 a share. I felt the same way when Nortel was over 190.00 a share. I feel the same way about google now.(Wheres the beef!) remember, pigs-get eaten.

Some great cash was made in the housing market, now its returning to a sense of normalcy.

Deal with it.

[sailhog]

I don't know if you guys saw The Price is Right this morning, but this stupid woman named $450 as the price on this really nice armoire that came with a year's supply of Pledge furniture polish. Everyone else -- and I'm not joking here -- priced it at over $2,500! Man, if I were up there I would have bet $501, and I'd been up there on the stage with Bob! The price was $1,300! So who wins? This IDIOT housewife who priced it at $450! This is so BOGUS!

[Rickm505]

I'm doing just fine , but thank you for your concern.

I think you are purposely missing the point Paul..

Todays Headline... was the point of my post yesterday...

"Sept. 7 (Bloomberg) -- The U.S. economy unexpectedly lost jobs in August for the first time in four years, sending stocks lower from Red Square to Wall Street and increasing speculation that the Federal Reserve will be forced to reduce interest rates to counter an economic slowdown. ...."

[cardiacpaul]

I am not missing the point!

"lost jobs August for the first time in four years, sending stocks lower "

4 years, 4 years, 4 years, so, because of this one figure rats are abandoning ship? Hmmm, its also friday, traditionally a day for profit taking, and I'm sure a few short sellers are grinning too, get over it!

the market is @ what 13000? 2 months ago, July it hit 14000, one year ago it was what, 11,000? 2 years ago, 10,000 4 years ago, 9000-9500. Yessir, I can see where its been really bad, oh my god, wheres my gold, start using ben franklins for toilet paper.

last decade... last 2 yrs of the clinton office 6500-9400 (give or take) Last 7 years of that "stoopid fool, can't find his ass with both hands" president, its gone from 9000 to 14000" yup, boy, its been terrible under those bast**d republicans.

Oh my sell the overpriced farm mama we're going to hell in a handbasket. the sky is falling, the sky is falling and its all george bushes fault.

[Rickm505]

By John W. Schoen
Senior Producer
MSNBC
Updated: 32 minutes ago

Friday’s employment report was a stunner: Economists and market watchers had expected the report to show some 110,000 new jobs created in August. But the government tallied a net loss of 4,000 jobs, the first monthly drop since August 2003. The government also revised job gains reported earlier for June and July, cutting the numbers for those two months by 81,000 jobs. With the latest report, payroll growth has been averaging just 44,000 jobs a month over the past three months, well below the second-quarter average of 162,000.

Remember, we need a net gain of 150,000 jobs a month to accomodate new people entering the workforce.

I rest my case

[PBzeer]

It's all just numbers, that keeps someone busy (and in a job) guessing what they are. And yes, that's all they are is guesses, estimates, calculations, whatever term you want to use. I've always wondered if all the financial gurus are so damn smart, why are they working for a living?

No matter what the market does at the end of the day, there will have been trading galore, whether it actually accomplishes any thing or not. After all, if they aren't busy trading, what the heck are they gonna do?

And yeah, I see things in a simple manner, because most things aren't nearly as complicated as people would like you to think they are. Outside of a bunch of looneys with a bunch of dirty nukes, the world ain't coming to an end. The market isn't going to crash, the earth isn't going to burn up, and the human population isn't going to die off from bird flu. But you won't read that in the paper or hear it on the evening news.

[cardiacpaul]

go ahead and rest it.

Clinton ran on "its the economy, stupid" and won. She's going to try that again, for that to work you gotta have only bad news.Even if it doesn't amount to a hill of beans. rest away.

[Cruisingdad]

Let me tell everyone here what to do: Go invest in Clorox and Budweiser.

Why? Use your heads!!!!

Budweiser because if things get crappy everyone will go home and get drunk (ie, you make money). Clorox because when they wake up the next day, they are going to need some bleach to clean that stuff off their clothes (ie, you make money).

There are no better indicators for the economy that those two stocks for the reasons stated above. When those stocks start really doing well and showing record growth... well, Mr Berneke, drop the rates cause the sky is fixing to fall!!!

HAHAHAHA!!! And yes, for real, I own those stocks. And you know what, the market dropped 200+ points today and both of my stocks are in the green.

To all who participated on this thread: This Bud's for you!!

- CD

[ReverendMike]

No matter how bad (or good) the economy, people want to drink and they need to get cleaned up (though not always to CD's extreme!). Alcohol and soap/perfume stocks really are recession-proof (not immune to mis-management, though, so CYA). Used to work for a perfume manufacturer, thought the whole world got 10+% raises every year, just 'cuz the co. was doing well..... Wish i still worked there!