1. October 1999: James Glassman, author “Dow 36,000.” “What is dangerous is for Americans not to be in the market. We’re going to reach a point where stocks are correctly priced, and we think that’s 36,000 … It’s not a bubble. Far from it. The stock market is undervalued.” (Fact: dot-com PE’s were astronomical, most [...]
Investor Peter Schiff again went to battle with a raft of establishment talking heads on CNBC yesterday who attempted to propagandize for the bailout by pushing the idea that it was necessary and inevitable.
Schiff pointed out that the word “stimulus” was a misnomer because the government has proven itself incapable of stimulating the economy and [...]
1. “A very powerful and durable rally is in the works. But it may need another couple of days to lift off. Hold the fort and keep the faith!” — Richard Band, editor, Profitable Investing Letter, Mar. 27, 2008
At the time of the prediction, the Dow Jones industrial average was at 12,300. By late December [...]
Silva tells CNBC up to a thousand face failure or forced mergers
Financial analyst Ralph Silva of TowerGroup told CNBC this morning that he expects no less than one third of banks to fail in 2009 and that anything up to a thousand could collapse if they don’t merge.
Silva said that only five or six [...]
1. there are many crazy CNBC pundits who claim this mkt is very cheap by historical standards and should be bought…well, during the inflationary bear markets of the past, the Dow PE got down to 2…this past quarter, the FDIC said that the total earnings of all the banks it covers made a little over [...]
Have you seen this video?
Entitled Peter Schiff Was Right, 2006-2007, it is an amazing, nine-minute compilation that features Mr. Schiff, the president of Euro-Pacific Capital, suffering the slings and arrows of various market gurus like Arthur Laffer, as he bravely predicts — again and again and again — in various television appearances that the [...]
Jimbo Cramer’s candor a month ago is to be appreciated take heed: Bullish investors should turn into shrinking violets as the stock market continues it’s shocking downward spiral, CNBC’s “Mad Money” host Jim Cramer told Ann Curry on TODAY.
In what Curry called a “dramatic statement,” Cramer emphatically urged any investor who has money they may [...]
They “want” it to go up and, despite
the clear warnings they are being
given they persist; denying the threats
that increasingly surround this market and
economy.
Instead of relying on hard data and common sense,
they do what people have often done;
they believe the lies that tickle their ears
and ignore that which conflicts with their desired
view.
How many of the talking [...]
They are getting depressing, guy was actually calling for a DOW bottom of around 3,000 in the future, with upticks in the near term. Almost think he’s been looking over my shoulder. Anyway, the negativity is spreading, and even Karl, Becky and Joe are now talking like they don’t believe the market and are waiting [...]
Futures aren’t higher. They are off of lows which were actually down significantly due to the Fedex surprise. The SPX closed yesterday at 909 and futures are currently trading at 909. The DJI closed at 8934, futures are at 8904. That’s not up.
If futures are important to you, its important to look at actual quotes [...]
These Politicians are not aware of this, and Greedy CEO’s still sending out Jobs out and Investing outside our country.
When we loose good pay Job’s due to outsourcing ( greedy CEO’s ) I am sure I will not get same payscale job immediately, and work for an adhoc Job which pay me very less, How [...]
Hedge Funds were assisted by CHRIS COX at the SEC, when they lobbied the SEC to remove the UPTICK RULE Summer of 2007. The DOW has shed over 6,000 points since this rule that was in place since 1933 was repealed by the SEC.
Ever since, stocks have been pounded short into oblivion by HEDGE FUND [...]
Crude oil prices will rally in the near-term, but then investors will see another sharp selloff that will take crude back down to seven-year lows, according to one technical analyst.
Looking at the chart for light, sweet crude, prices will rise to $76 to $80 in the next two months, Dick Otto from Matrix Asset Management [...]
The government would absorb much of the losses for Citi if there are losses and Citi would issue preferred stock to the government. The deal is not finalized but could be announced tonight.
While the Feds could buy more than $100 billion nominally in the bad assets if the plans go through, that doesn’t mean it [...]
Reuters
Tuesday, Nov 18, 2008
Dutch insurer Aegon said it may buy a small U.S. thrift company to qualify for potentially more than $1 billion in U.S. government support, sending its shares down more than 8 percent.
“This is part of our strategy to ensure Aegon has the strongest capital position possible,” said Aegon spokesman Greg [...]
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