Likes Likes:  0
Page 1 of 3 123 LastLast
Results 1 to 12 of 29

Thread: outlook - darkness, and regret

  1. #1

    Default outlook - darkness, and regret

    awe come on:
    OUTLOOK:
    I see nothing but pitch black darkness, with the S&P down another 3%, and the latest strong decline at 3 pm today. And all this before the holiday season and some grim retail outlook. omigod.


    REGRET:
    $700B wasted on bad paper. $300B proposed to bailout home loaners (not to be confused with owners) who lied on applications, didn't put money down, and aren't making payments.

    Investors are telling you what they think of this. It isn't working, it's bad policy, and won't work. From the looks of the economy and near term outlook, the government may be better off saving these big expenditures for people who need it for direct essentials, if (and probably when), this economy shows a more severe, and more prolonged, downturn in the next 3-6 months.

    Why not spend $700B starting a mass transportation system that is not based on individual automobiles? That could keep some people employed and do something beneficial. $700B can do alot better things than buying bad paper.


  2.  
  3. #2

    Default Re: outlook - darkness, and regret

    Today's G7 news announcement - MORE HOPE!!


    “Hope” is a Sell Signal
    Both President Bush and Ben Bernanke spoke on Tuesday, and there were points when both seemed to be on the verge of tears. They know that the situation is hopeless.
    During the week before the House first voted down the TARP, CNBC constantly ran a message on the screen: “Hope on the Horizon”. That was a sell signal. On the weekend before the House voted down the TARP, news stories were filled with the words “hope” and “hopeful” when describing the prospects for the House passing the TARP. That was a sell signal.
    Numerous times we have seen various things announced and implemented. They have all been sell signals. Just today, the market rallied up a bit before Bernanke’s speech. The market was “hoping” that Bernanke would announce a rate cut, which never happens during such a speech. That was a sell signal. I shorted right into that foolish hope.
    I’m thinking that I can short hope all the way down to the bottom. Once there is no hope, I will know to stop shorting. How does the hope end? The market beats it out of traders by slamming their heads into the concrete over and over. Which brings us to the next topic:
    Should We Forget About Rallies?
    We have all been trying to spot the beginning of the next rally. Perhaps instead we should be looking at the October 2002 low and trying to estimate when we will arrive there, and subsequently plunge through. This economy seems to be in far worse shape than the 2002 economy, so why not? The market seems intent on proceeding down in a straight line. Why argue?
    How to Short Rallies When there are No Rallies
    Suppose the S&P 500 drops 80 points in the morning, and then makes an intra-day bounce of 40 points? Guess what? You have a nice 40-point rally to short.
    Maybe my pessimism here will be a contrary indicator. We will see. I dare this market to rally. I double-dog dare it!
    http://www.trivisonno.com/wednesdays-trading-11

  4.  
  5. #3

    Join Date
    Oct 2007
    Location
    Occoquan, VA
    Posts
    2,423

    Default Re: outlook - darkness, and regret

    Rah Rah Rah! Hope Hope Hope! Sorry, Bush, Paulson, and Berneke, you all look awful in those circle skirts, and your pompoms are shedding.
    "All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python

  6.  
  7. #4

    Join Date
    May 2008
    Location
    Utah
    Posts
    1,991

    Default Re: outlook - darkness, and regret

    Quote Originally Posted by Silverbird View Post
    Rah Rah Rah! Hope Hope Hope! Sorry, Bush, Paulson, and Berneke, you all look awful in those circle skirts, and your pompoms are shedding.
    LOL! What a picture! And they can't make a pyramid worth a darn either! :toung:

    Thanks for the grin!

    Lady

  8.  
  9. #5

    Join Date
    Apr 2005
    Location
    Gainesville, Florida, USA
    Posts
    24,244

    Default Re: outlook - darkness, and regret

    We all know the Donkey created this mess - do you want more of the same with a Nobama administration. I'd rather have an old man that can be trusted in office than a smooth politician that can't be trusted. Nobama took all kinds of money from FNN and FRE to support the social engineering that was going on, he was the #2 man with the deepest pockets to fill. The truth is now known as mandated subprime.

  10.  
  11. #6

    Join Date
    Apr 2005
    Posts
    13,040
    Blog Entries
    9

    Default Re: outlook - darkness, and regret

    Ah Birch- so far off the mark- but I gotta love ya anyway.


    P.S.- I saw Paulson talk on Friday. He had a press conference Friday night.

    I must say- that the man simply cannot inspire confidence in the market.

    They NEED to get someone else in that job- at least to be the spokeperson. What I saw what an incredibly scared man, trying his best not to commit to anything positive, that could possibly come back on him later.

    FDR said "We have nothing to fear, but fear itself".

    Paulson, on friday, said we're doing everything we can, we are trying everything we can. But when you think about what he ACTUALLY said, it made no sense at all, and made it sound like they didn't have a clue.


    Yes, they need to get someone to replace Paulson, at least to talk to the press.

    here is four minutes of Paulson "dancing" around the press:


  12.  
  13. #7

    Join Date
    Apr 2005
    Posts
    13,040
    Blog Entries
    9

    Default Re: outlook - darkness, and regret

    The President goes on TV and explains why the stock market is crashing.




    Finally, he's starting the "We have nothing to fear, but fear itself" speech.


    We need a lot more of these speeches to calm things down.

    From yesterday afternoon- 10/10/2008.



  14.  
  15. #8

    Join Date
    Apr 2005
    Location
    Gainesville, Florida, USA
    Posts
    24,244

    Default Re: outlook - darkness, and regret

    I look at Barney Frank and I see that small mouth and I always wonder how he does it. Am I perverted or what?

  16.  
  17. #9

    Join Date
    May 2008
    Location
    Utah
    Posts
    1,991

    Default Re: outlook - darkness, and regret

    Quote Originally Posted by Birchtree View Post
    Am I perverted or what?
    Yes....

    Lady


  18.  
  19. #10

    Join Date
    May 2008
    Location
    Utah
    Posts
    1,991

    Default Re: outlook - darkness, and regret

    Quote Originally Posted by Birchtree View Post
    I'd rather have an old man that can be trusted in office ...
    If 72-year-old McCain had picked a running mate with some financial expertise (oh, I don't know, hm-m-m-m, starts with a Mitt and ends with a Romney, maybe) then I would be thinking that I should vote red instead of blue. But he made the political decision to choose the smallest child at the holiday dinner table, and she has just spilled the punch.

    Wrong thread for this but I still think that's a decision where McCain wishes he could have a do-over.

    Lady

  20.  
  21. #11

    Join Date
    Apr 2005
    Location
    Gainesville, Florida, USA
    Posts
    24,244

    Default Re: outlook - darkness, and regret

    She'll have four years to prepare herself for the Palin/Rice ticket. Now that would be a winning combination.

  22.  
  23. #12

    Default Re: outlook - darkness, and regret

    Rice/Palin

  24.  
Page 1 of 3 123 LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
S&P 500 (C fund)
[Chart]
Dow Completion (S fund)
[Chart]
EFA (I fund)
[Chart]
Bonds (F fund)
[Chart]