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 [...]
According to CNN if the Big 3 bailout is rejected by Congress the impact on the US economy would be devastating. When you combine the possible job cuts within each of the Big 3 automakers with the job losses in the satellite industries of car dealerships and auto parts suppliers the number of people poised [...]
Just watched a blurb on CNN about the riots in China, seems they have a lot of unemployed and shafted workers. Isolated case or sign of things to come?
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You bulls are smoking crack if you think this little fiasco isn’t getting stomped this week!
Every bear that wasn’t too caught up in their bearishness knew that last week was going to be a low volume week, therefore,, it could (and was) be pushed up fairly easily.
The real deal goes down this week.
Besides the fact [...]
From the 34 year trend lind being broken, The Reagan Bull’s 61.8% Fibonacci support point disappearing, and the EWave’s Wave 3 being broken, it’s hard to be optimistic for the long term.
The Crash in 1929 was followed by impressive rallies and four years to find The bottom.
With sentiment being so low, contrarians think [...]
Economists regard the Great Depression as something akin to the Black Death: a fascinating and terrifying historical aberration that, thankfully, can never happen again. Despite a stock market collapse and the demise of several huge financial institutions, this reassuring view of the Depression remains intact. On October 10, Lawrence Summers, the former Treasury secretary and [...]
DOW JONES NEWSWIRES
U.S. President George W. Bush’s top economic advisor said parts of the nation seem to be in recession, Reuters reported on its Web site Sunday. Edward Lazear, chairman of the president’s Council of Economic Advisors, said “We are seeing what anyone would characterize as a recession in some parts of the country,” [...]
On bailout: “It’s an immoral system. You’re asking the poor people to bail out the rich”
In time, we’re all going to suffer from bailout with higher prices, congressman says
If creating more money was the solution, nobody would ever have to work, he says
U.S. Rep. Ron Paul, who has been an opponent of the government’s bailout [...]
Obama and McCain were at a fundraiser last night in tuxes with champagne and expensive food and deep pocketbooks with the nations elite politicians and wealthiest Americans.
They laughed and joked around like old friends, and if you watched CNN or your local news, you caught images and soundbites of their jokes.
When are about [...]
This can become a self-fulfilling event. The more it drops, the more that get out which is why markets usually over correct before they become rational again and rational doesn’t necessarily mean rally.
When the Dow was at 12,000 CNN and CNBC’s taling heads recommended to stay invested and continue to invest in equities.
When the [...]
US Rep Frank:GOP ‘Not Serious’ About Alternative Bailout Plan-TV
Last Update: 9/26/2008 8:20:53 AM
DOW JONES NEWSWIRES
U.S. Rep. Barney Frank, D-Mass, said House Republicans are in revolt against
George Bush but “aren’t serious” about providing an alternative to Treasury’s
$700 billion bank bailout plan. Frank blamed the GOP for the breakdown in talks
and said the first time the Democrats [...]
NEW YORK (MarketWatch) — A melodrama of Shakespearian proportions is being
played out in the broadcasting world, centering on the intrigue surrounding –
who else? — Katie Couric, the $15 Million Broadcaster.
According to a report in The Wall Street Journal this past week, Couric is on her
way out of the ratings fiasco known as the “CBS Evening [...]
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