What is everyone's general opinion on how September will treat us? Status quo as people sit on the sidelines anticipating September earnings? Waiting around to see how the financial crisis treats us?
Look forward to hearing everyone's opinions.
To remove first post, remove entire topic.
Lets get this party started right!
What is everyone's general opinion on how September will treat us? Status quo as people sit on the sidelines anticipating September earnings? Waiting around to see how the financial crisis treats us?
Historically a bad month as I recall. Big hitters as Wall says are back from the Hamptons...I think Wall's expectations summarize my own.I think the Financial sector will try to be buttressed, but the reality of the damage will overwhelm the efforts...
I think the consumer is in much worse shape than the thoroughly disconnected rich realize.
Historically a bad month as I recall. Big hitters as Wall says are back from the Hamptons...I think Wall's expectations summarize my own.I think the Financial sector will try to be buttressed, but the reality of the damage will overwhelm the efforts...
I think the consumer is in much worse shape than the thoroughly disconnected rich realize.
When you look at these 2 clowns running for office, and how neither is saying anything besides mularkey regarding the state of the US economy, it is damn hard to be anything other than pessimistic regarding the future of the US stock markets.
But as far as "trading" goes, expect tons of volatility (pretty hardcore prediction........not).
Yeah guys, I agree......the crime syndicates are going to be back in action full swing over the next week, and "they" will move ticker prices on financials up, lure the public in on the "we've seen a bottom" bulls-sheet, and then dump their trades right on the little guy.
The 2, make that 4 clowns in the presidential charade will tell lie after lie after lie about "alternative energy," so that could work, but only for a "trade."
Until there are clear signs that the current recession is coming to a close, as in the financials are starting to make money instead of losing money, there is VERY LITTLE outside of commodities worth anything as far as "long term investing" goes.
Not a rosy future, for sure, and if the crime syndicates move ticker prices higher the next month or so, then I believe the recession is here for a long, long, long time.
And if the prices do move higher, don't believe the hype. Short the hype.
Cheers
When you look at these 2 clowns running for office, and how neither is saying anything besides mularkey regarding the state of the US economy, it is damn hard to be anything other than pessimistic regarding the future of the US stock markets.
But as far as "trading" goes, expect tons of volatility (pretty hardcore prediction........not).
Yeah guys, I agree......the crime syndicates are going to be back in action full swing over the next week, and "they" will move ticker prices on financials up, lure the public in on the "we've seen a bottom" bulls-sheet, and then dump their trades right on the little guy.
The 2, make that 4 clowns in the presidential charade will tell lie after lie after lie about "alternative energy," so that could work, but only for a "trade."
Until there are clear signs that the current recession is coming to a close, as in the financials are starting to make money instead of losing money, there is VERY LITTLE outside of commodities worth anything as far as "long term investing" goes.
Not a rosy future, for sure, and if the crime syndicates move ticker prices higher the next month or so, then I believe the recession is here for a long, long, long time.
And if the prices do move higher, don't believe the hype. Short the hype.
Certainly the goal of the GOP and McCain cheerleaders is to get spot crude under 100 a barrel before November 4.
However, I don't think that will help Senator McCain win any election. His choice of Palin pretty much means he's throwing in the towel. Palin now has her foot in the door, though, and her "religious right" leanings has me worried for 2012. I was hoping we'd seen the last of that horror once the 2 incumbent clowns were gone from office.
Certainly the goal of the GOP and McCain cheerleaders is to get spot crude under 100 a barrel before November 4.
However, I don't think that will help Senator McCain win any election. His choice of Palin pretty much means he's throwing in the towel. Palin now has her foot in the door, though, and her "religious right" leanings has me worried for 2012. I was hoping we'd seen the last of that horror once the 2 incumbent clowns were gone from office.
The supposed LEH deal does not add up to me, somebody help me out here.
Preliminary details are a Korean bank will pay $6 billion for a 25% stake, but LEH market cap isn't even $12 billion right now. Why pay 50% to only own 25%????
The supposed LEH deal does not add up to me, somebody help me out here.
Preliminary details are a Korean bank will pay $6 billion for a 25% stake, but LEH market cap isn't even $12 billion right now. Why pay 50% to only own 25%????
It could be preferred shares or some combination of debt and equity.
Also, the current market cap is discounting plenty of their assets..so a 25% stake might not equate in current market cap, rather some sort of entity asset valuation.
It could be preferred shares or some combination of debt and equity.
Also, the current market cap is discounting plenty of their assets..so a 25% stake might not equate in current market cap, rather some sort of entity asset valuation.
They are also obliterating the commodity stocks like ACI, JRCC,X,POT,IPI,MON,MOS and even unrelated stocks like the bulkers today- DRYS, EXM, DSX, FRO. Of course solars got nailed too.
Something tells me we havent seen the last run in the group, and the punishment seen today will turn in another direction pretty soon.
CC,
They are also obliterating the commodity stocks like ACI, JRCC,X,POT,IPI,MON,MOS and even unrelated stocks like the bulkers today- DRYS, EXM, DSX, FRO. Of course solars got nailed too.
Something tells me we havent seen the last run in the group, and the punishment seen today will turn in another direction pretty soon.
Rough day . . . of course you can never tell when will be a good day and when will be a bad. I'll just keep holding for now.
As for financials . . . I too think the worst is yet to come. I work for a large bank and we are seeing more and more loans turn delinquent and these are people with great FICO and credit scores. We only lend to the supposed cream of the crop. So if that is what is happening with good borrowers . . . think of the Banks who still have exposure to bad borrowers.
Should be an interesting last part of 2008.
DRYS
Rough day . . . of course you can never tell when will be a good day and when will be a bad. I'll just keep holding for now.
As for financials . . . I too think the worst is yet to come. I work for a large bank and we are seeing more and more loans turn delinquent and these are people with great FICO and credit scores. We only lend to the supposed cream of the crop. So if that is what is happening with good borrowers . . . think of the Banks who still have exposure to bad borrowers.
DRYS gets a downgrade today? What a stupid analyst, let the stock fall 15 bucks then give a reduced rating from buy to hold.
The BDI looks like total crap, down every single day, but even with this gloomy environment, the company will earn operating income of 12 plus next year which is a 5 PE for 2009 and that is a total joke.
The decimation of bulkers and commodities is amazing the last month or so.
VH2,
DRYS gets a downgrade today? What a stupid analyst, let the stock fall 15 bucks then give a reduced rating from buy to hold.
The BDI looks like total crap, down every single day, but even with this gloomy environment, the company will earn operating income of 12 plus next year which is a 5 PE for 2009 and that is a total joke.
The decimation of bulkers and commodities is amazing the last month or so.
DRYS gets a downgrade today? What a stupid analyst, let the stock fall 15 bucks then give a reduced rating from buy to hold.
The BDI looks like total crap, down every single day, but even with this gloomy environment, the company will earn operating income of 12 plus next year which is a 5 PE for 2009 and that is a total joke.
The decimation of bulkers and commodities is amazing the last month or so.
Quote Originally Posted by wallstreetcappers:
VH2,
DRYS gets a downgrade today? What a stupid analyst, let the stock fall 15 bucks then give a reduced rating from buy to hold.
The BDI looks like total crap, down every single day, but even with this gloomy environment, the company will earn operating income of 12 plus next year which is a 5 PE for 2009 and that is a total joke.
The decimation of bulkers and commodities is amazing the last month or so.
Somehow my comment got deleted. But I plan on adding some more DRYS at these levels tomorrow. I have the time to hold so I'll dip in with more shares here in the $62 range.
Somehow my comment got deleted. But I plan on adding some more DRYS at these levels tomorrow. I have the time to hold so I'll dip in with more shares here in the $62 range.
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