Oil imploding again taking most of the sector with it.
Anyone catch the oil futures page on CNBC this morning?
Even with 38 buck oil now, the forward curve out to May, oil is 50 bucks..if one thought that was accurate it might be wise to load up on those alt-energy stocks, the oil group ETF's and those leveraged oil ETFs.
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Oil imploding again taking most of the sector with it.
Anyone catch the oil futures page on CNBC this morning?
Even with 38 buck oil now, the forward curve out to May, oil is 50 bucks..if one thought that was accurate it might be wise to load up on those alt-energy stocks, the oil group ETF's and those leveraged oil ETFs.
The finish on Friday and the start today is not encouraging of a good week.Earnings are going to be terrible... 70% of economy is consumer driven, and consumers are losing their jobs.
Even the gross trillion dollar stimulus is noting compared to the amount of wealth that has evaporated over the past 18 months.
China is cooling a lot faster than thought.
So one asks, what, exactly, is going to make consumers return to absurd overspending?
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The finish on Friday and the start today is not encouraging of a good week.Earnings are going to be terrible... 70% of economy is consumer driven, and consumers are losing their jobs.
Even the gross trillion dollar stimulus is noting compared to the amount of wealth that has evaporated over the past 18 months.
China is cooling a lot faster than thought.
So one asks, what, exactly, is going to make consumers return to absurd overspending?
Read this online......this would have been an ideal way to "fix" the economy....FROM THE BOTTOM UP, rather than bailing out the crooks that were the catalyst for the issue to begin with.
"So let's assume a tax rate of 30%.
Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000.00.
What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage - housing crisis solved.
Repay college loans - what a great boost to new grads
Put away money for college - it'll be there
Save in a bank - create money to loan to entrepreneurs.
Buy a new car - create jobs
Invest in the market - capital drives growth
Pay for your parent's medical insurance - health care improves
Enable Deadbeat Dads to come clean - or else."
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Read this online......this would have been an ideal way to "fix" the economy....FROM THE BOTTOM UP, rather than bailing out the crooks that were the catalyst for the issue to begin with.
"So let's assume a tax rate of 30%.
Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000.00.
What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage - housing crisis solved.
Repay college loans - what a great boost to new grads
Put away money for college - it'll be there
Save in a bank - create money to loan to entrepreneurs.
Buy a new car - create jobs
Invest in the market - capital drives growth
Pay for your parent's medical insurance - health care improves
Read this online......this would have been an ideal way to "fix" the economy....FROM THE BOTTOM UP, rather than bailing out the crooks that were the catalyst for the issue to begin with.
"So let's assume a tax rate of 30%.
Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000.00.
What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage - housing crisis solved.
Repay college loans - what a great boost to new grads
Put away money for college - it'll be there
Save in a bank - create money to loan to entrepreneurs.
Buy a new car - create jobs
Invest in the market - capital drives growth
Pay for your parent's medical insurance - health care improves
Enable Deadbeat Dads to come clean - or else."
Looks like somebody pulled numbers out of their azz. $127,500 in taxes? What is that, over their lifetimes? Makes no sense. And how do you plan to fund running the government?
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Quote Originally Posted by SwanDawg95:
Read this online......this would have been an ideal way to "fix" the economy....FROM THE BOTTOM UP, rather than bailing out the crooks that were the catalyst for the issue to begin with.
"So let's assume a tax rate of 30%.
Every individual 18+ has to pay $127,500.00 in taxes.
That sends $25,500,000,000 right back to Uncle Sam.
But it means that every adult 18+ has $297,500.00 in their pocket.
A husband and wife has $595,000.00.
What would you do with $297,500.00 to $595,000.00 in your family?
Pay off your mortgage - housing crisis solved.
Repay college loans - what a great boost to new grads
Put away money for college - it'll be there
Save in a bank - create money to loan to entrepreneurs.
Buy a new car - create jobs
Invest in the market - capital drives growth
Pay for your parent's medical insurance - health care improves
Enable Deadbeat Dads to come clean - or else."
Looks like somebody pulled numbers out of their azz. $127,500 in taxes? What is that, over their lifetimes? Makes no sense. And how do you plan to fund running the government?
Congress is essentially the same
entity it was in 2004 and 2006, and the "system" does not change easily. The
unions expect new labor laws (i.e. "protectionism"), investors expect revised
financial regulations (i.e., protect us from the crooks), the auto industry
expects to be saved (i.e., revive a corpse), environmentalist expect "green
laws" (increased energy costs), the unemployed expect health care and extended
benefits (entitlement, "it's my right"), the minorities expect enhanced
affirmative action plans (ignoring a competitive global job market), and the
average American consumer wants to continue to live an unrealistic lifestyle,
given the level of global job competitiveness and increasing amounts of debt
incurred by both consumers and our government (i.e., I deserve my father's
lifestyle).
0
from a 'zine, pretty much sums the deal up..
Congress is essentially the same
entity it was in 2004 and 2006, and the "system" does not change easily. The
unions expect new labor laws (i.e. "protectionism"), investors expect revised
financial regulations (i.e., protect us from the crooks), the auto industry
expects to be saved (i.e., revive a corpse), environmentalist expect "green
laws" (increased energy costs), the unemployed expect health care and extended
benefits (entitlement, "it's my right"), the minorities expect enhanced
affirmative action plans (ignoring a competitive global job market), and the
average American consumer wants to continue to live an unrealistic lifestyle,
given the level of global job competitiveness and increasing amounts of debt
incurred by both consumers and our government (i.e., I deserve my father's
lifestyle).
I'd like to get people's thoughts on adding to a Vanguard mutual fund each month. I have my 401k at work, but in addition to this I also add to my Vanguard fund each month. Is this a good strategy to blindly add to this fund . . . or would I be better served using this money to individually pick out stocks that I think might do well and ride the momentum up and down?
I mean I still have excess cash I use to buy stocks . . . but should I divert my Vanguard money to buy even more stocks . . . or keep with my strategy. I can't really figure out what I want to do here. Would love to hear the pros and cons.
0
I'd like to get people's thoughts on adding to a Vanguard mutual fund each month. I have my 401k at work, but in addition to this I also add to my Vanguard fund each month. Is this a good strategy to blindly add to this fund . . . or would I be better served using this money to individually pick out stocks that I think might do well and ride the momentum up and down?
I mean I still have excess cash I use to buy stocks . . . but should I divert my Vanguard money to buy even more stocks . . . or keep with my strategy. I can't really figure out what I want to do here. Would love to hear the pros and cons.
Nobody talking much about this but the market is getting creamed this week and the last 10 days or so, we are getting close to 8000 again and todays action is brutal.
If Citi sinks this market will drop like crazy, maybe to the 6500 area.
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Nobody talking much about this but the market is getting creamed this week and the last 10 days or so, we are getting close to 8000 again and todays action is brutal.
If Citi sinks this market will drop like crazy, maybe to the 6500 area.
I have not been talking too much of late because I have stated what I think of the markets in general.I think we are going to see serious problems, and the tone is set for the rest of the year.
The bind we are in is that the prescribed policies for the cure in fact caused the disease, and the attending physicians are the same utter quacks (Congress and Wall Street insiders).
How does one make people buy that which they really do not need? That is the essential dilemma. We would not be in that cul de sac if we were not simply a nation of consumers, but we are.
Does anyone really think that the go go days of absurd real estate speculation could be returned to, even if it were desirable? I don't think so.That era is over.
The pols will print one point three trillion dollars of deficit programs..Then two trillion.Then three...I think they double down every time their efforts fail to get the "desired" results.
I see little to make people spend much on anything, and I do mean anything, equities, cars, flat screens, etc etc.Just the basics.People are really resorting to survival mode tactics at least in my area. When you see old rich folks storming the Goodwill stores, you know things have gotten out of control...or else cheap is now chic, or both.
I see a sharp decline in world trade, huge deficits, and an enormous evaporation of wealth in everything from housing values to 401 k plans.Hardly the ingredients of a bull market.
0
I have not been talking too much of late because I have stated what I think of the markets in general.I think we are going to see serious problems, and the tone is set for the rest of the year.
The bind we are in is that the prescribed policies for the cure in fact caused the disease, and the attending physicians are the same utter quacks (Congress and Wall Street insiders).
How does one make people buy that which they really do not need? That is the essential dilemma. We would not be in that cul de sac if we were not simply a nation of consumers, but we are.
Does anyone really think that the go go days of absurd real estate speculation could be returned to, even if it were desirable? I don't think so.That era is over.
The pols will print one point three trillion dollars of deficit programs..Then two trillion.Then three...I think they double down every time their efforts fail to get the "desired" results.
I see little to make people spend much on anything, and I do mean anything, equities, cars, flat screens, etc etc.Just the basics.People are really resorting to survival mode tactics at least in my area. When you see old rich folks storming the Goodwill stores, you know things have gotten out of control...or else cheap is now chic, or both.
I see a sharp decline in world trade, huge deficits, and an enormous evaporation of wealth in everything from housing values to 401 k plans.Hardly the ingredients of a bull market.
Despite what CC wrote, and I believe him regarding the ETFs, I remain riding the SKF roller coaster as before, buying at 100 and getting off whenever I feel I have banked some coin and the risk down is temporarily too high.
But my opinion of the banking industry remains unchanged. Bankers I have spoken with have to a man assured me 2009 is going to be "really, really bad", and I believe them, but hope they are wrong.
0
PS
Despite what CC wrote, and I believe him regarding the ETFs, I remain riding the SKF roller coaster as before, buying at 100 and getting off whenever I feel I have banked some coin and the risk down is temporarily too high.
But my opinion of the banking industry remains unchanged. Bankers I have spoken with have to a man assured me 2009 is going to be "really, really bad", and I believe them, but hope they are wrong.
... in the third quarter,
when earnings reports come out and are terrible, unemployment is over 8% and
pushing 9%, and there is no evidence of a recovery, that we will see more
stimulus from both the Fed and Congress. Count on it.
0
from a zine
... in the third quarter,
when earnings reports come out and are terrible, unemployment is over 8% and
pushing 9%, and there is no evidence of a recovery, that we will see more
stimulus from both the Fed and Congress. Count on it.
Can't argue with making money on the SKF ETF, so congrats to you.
But let's face it, the pricing on this is totally arbitrary (as in, there is not one single person or syndicate that can give an accurate model on where the bid/asks are set). Because "SKF" is a market maker's dream to fcku over the retail little guy, I wouldn't personally mess with it. For instance, I've seen the financials be much better priced 2 months ago than they are today, and SKF was at 250+. Today, the financials are pretty much worthless, but the SKF is priced at 150ish. Like every ETF, SKF is total crap IMO, but am glad you have made money with it.
And oh BTW, when all the hoopla of the next 2 weeks dies off and the grim, bitter reality sets in, "the markets" will once again implode and most likely break the 7000 "support" and go then right down the toilet-------to DOW 5800, where we will probably stay for a long, long, long time.
2009 is going to be one horrible, abysmal year in the USA economy.
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Vermeer-
Can't argue with making money on the SKF ETF, so congrats to you.
But let's face it, the pricing on this is totally arbitrary (as in, there is not one single person or syndicate that can give an accurate model on where the bid/asks are set). Because "SKF" is a market maker's dream to fcku over the retail little guy, I wouldn't personally mess with it. For instance, I've seen the financials be much better priced 2 months ago than they are today, and SKF was at 250+. Today, the financials are pretty much worthless, but the SKF is priced at 150ish. Like every ETF, SKF is total crap IMO, but am glad you have made money with it.
And oh BTW, when all the hoopla of the next 2 weeks dies off and the grim, bitter reality sets in, "the markets" will once again implode and most likely break the 7000 "support" and go then right down the toilet-------to DOW 5800, where we will probably stay for a long, long, long time.
2009 is going to be one horrible, abysmal year in the USA economy.
I think when Wells Fargo reports a big turd tomorrow the markets will continue their sell off as investors continue to run for the hills.
You'd have to be nuts to own any financials at this point. I wish I had nibbled on some FAZ a little while back. Just three trading days ago it was in the 30's.
Financials
run for the hills.
Thoughts?
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I think when Wells Fargo reports a big turd tomorrow the markets will continue their sell off as investors continue to run for the hills.
You'd have to be nuts to own any financials at this point. I wish I had nibbled on some FAZ a little while back. Just three trading days ago it was in the 30's.
Can't argue with making money on the SKF ETF, so congrats to you.
But let's face it, the pricing on this is totally arbitrary (as in, there is not one single person or syndicate that can give an accurate model on where the bid/asks are set). Because "SKF" is a market maker's dream to fcku over the retail little guy, I wouldn't personally mess with it. For instance, I've seen the financials be much better priced 2 months ago than they are today, and SKF was at 250+. Today, the financials are pretty much worthless, but the SKF is priced at 150ish. Like every ETF, SKF is total crap IMO, but am glad you have made money with it.
And oh BTW, when all the hoopla of the next 2 weeks dies off and the grim, bitter reality sets in, "the markets" will once again implode and most likely break the 7000 "support" and go then right down the toilet-------to DOW 5800, where we will probably stay for a long, long, long time.
2009 is going to be one horrible, abysmal year in the USA economy.
I see your point CC and in truth I am sure you are right.The pricing of these instruments is as opaque as Bernie Madoff's operations...however, I simply mention them for people who are either starting out and do not feel comfortable with shorting stocks, or who simply feel it is worth a small bet...in no way do I recommend them as a primary vehicle for investing, just for trading.
That said, SKF is around 200 now, so anyone doing as I have been doing, and anyone who feels as you and I do, that Roubini is in fact right about the state of these banks, it may be worth a small play...not perhaps at these levels, as I am preparing to get out as usual, and I recognize that the entire banking system and stock prices of ALL financial institutions are completely under the thumb of the feds...one announcement and you could see a temporary and rapid decline in SKF or for that matter, any short of a financial.
For three (and even more) years people who were simply stating conclusions drawn from the data have been called nut cases, gloom and doomers, etc etc. I think they have and were correct all the way down the line. And that is all that matters.
Nothing has changed my opinion of the state of the American empire or the state of the American banking system. Nothing. I like Obama, I like a man who has mastered rhetoric and who can give a damn fine speech. And words really do matter.But no speech can rehab banks that are dead in the water.
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Quote Originally Posted by claycourtlesson:
Vermeer-
Can't argue with making money on the SKF ETF, so congrats to you.
But let's face it, the pricing on this is totally arbitrary (as in, there is not one single person or syndicate that can give an accurate model on where the bid/asks are set). Because "SKF" is a market maker's dream to fcku over the retail little guy, I wouldn't personally mess with it. For instance, I've seen the financials be much better priced 2 months ago than they are today, and SKF was at 250+. Today, the financials are pretty much worthless, but the SKF is priced at 150ish. Like every ETF, SKF is total crap IMO, but am glad you have made money with it.
And oh BTW, when all the hoopla of the next 2 weeks dies off and the grim, bitter reality sets in, "the markets" will once again implode and most likely break the 7000 "support" and go then right down the toilet-------to DOW 5800, where we will probably stay for a long, long, long time.
2009 is going to be one horrible, abysmal year in the USA economy.
I see your point CC and in truth I am sure you are right.The pricing of these instruments is as opaque as Bernie Madoff's operations...however, I simply mention them for people who are either starting out and do not feel comfortable with shorting stocks, or who simply feel it is worth a small bet...in no way do I recommend them as a primary vehicle for investing, just for trading.
That said, SKF is around 200 now, so anyone doing as I have been doing, and anyone who feels as you and I do, that Roubini is in fact right about the state of these banks, it may be worth a small play...not perhaps at these levels, as I am preparing to get out as usual, and I recognize that the entire banking system and stock prices of ALL financial institutions are completely under the thumb of the feds...one announcement and you could see a temporary and rapid decline in SKF or for that matter, any short of a financial.
For three (and even more) years people who were simply stating conclusions drawn from the data have been called nut cases, gloom and doomers, etc etc. I think they have and were correct all the way down the line. And that is all that matters.
Nothing has changed my opinion of the state of the American empire or the state of the American banking system. Nothing. I like Obama, I like a man who has mastered rhetoric and who can give a damn fine speech. And words really do matter.But no speech can rehab banks that are dead in the water.
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