"WASHINGTON (MarketWatch) -- Few observers have ever seen anything like the economic data that will be released in the coming week, with the consumer price index and housing starts each expected to breach records dating back to the late 1940s...."
http://tinyurl.com/6bowfj
Capricious
"This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan... that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years."
- R. W. McNeel, market analyst, as quoted in the New York Herald Tribune, October 30, 1929, when the DJIA was about 240 (+,-)
In 1932 the DJIA bottomed @ about 25 (+,_)
CapriciousCapriciousBeach Fanatic423 postsJoined View profileMessageBeach Fanatic
CapriciousBeach Fanatic423 postsJoined View profileMessageBeach Fanatic1,182 views
Replies
27
AAbsoluteAAbsoluteBannedWatercolor, Watersound and 12 days a year 59th Str1,814 postsJoined View profileMessageBanned
AAbsoluteBannedWatercolor, Watersound and 12 days a year 59th Str1,814 postsJoined View profileMessageBannedI always love the proclamations about what America will always do or what America will always be. America is still in its infancy as countries go. The sampling span of time of 230 years is so short it can't even be considered yet what America will do or be. I put a lot of faith in a financial advisor from Philly when I was young until I realized that all his financial planning was based on a sampling period of 1920 through 1990.
30ashopper30ashopperSoWal InsiderRight here!6,845 postsJoined View profileMessageSoWal Insider
30ashopperSoWal InsiderRight here!6,845 postsJoined View profileMessageSoWal InsiderI love a good downturn after a big bubble. There's just something 'correct' about it. :lol:
ChickpeaChickpeaBeach Fanatic30-A Corridor1,151 postsJoined View profileMessageBeach Fanatic
ChickpeaBeach Fanatic30-A Corridor1,151 postsJoined View profileMessageBeach FanaticI love a good downturn after a big bubble. There's just something 'correct' about it. :lol:
Except that this downturn looks like it may linger too long and claim way too many casualties!
30ashopper30ashopperSoWal InsiderRight here!6,845 postsJoined View profileMessageSoWal Insider
30ashopperSoWal InsiderRight here!6,845 postsJoined View profileMessageSoWal InsiderExcept that this downturn looks like it may linger too long and claim way too many casualties!
Grow up. Economic down turns are a natural part of economic cycles. You hold your financial future in your own hands.
Edited
ChickpeaChickpeaBeach Fanatic30-A Corridor1,151 postsJoined View profileMessageBeach Fanatic
ChickpeaBeach Fanatic30-A Corridor1,151 postsJoined View profileMessageBeach FanaticGrow up. Economic down turns are a natural part of economic cycles. You hold your financial future in your own hands.
What an incredibly boorish, crude and insenstive thing to say - and why don't you grow a heart - I couldn't care less that you are telling me to grow up - I am talking about your pathetic comment that everyone holds their financial future in their own hands - I am actually glad you wrote that - it speaks volumes about you and now I can gladly ignore your posts knowing where you come from. Ciao.
ChickpeaChickpeaBeach Fanatic30-A Corridor1,151 postsJoined View profileMessageBeach Fanatic
ChickpeaBeach Fanatic30-A Corridor1,151 postsJoined View profileMessageBeach Fanatic"WASHINGTON (MarketWatch) -- Few observers have ever seen anything like the economic data that will be released in the coming week, with the consumer price index and housing starts each expected to breach records dating back to the late 1940s...."
http://tinyurl.com/6bowfj
Capricious
"This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan... that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years."
- R. W. McNeel, market analyst, as quoted in the New York Herald Tribune, October 30, 1929, when the DJIA was about 240 (+,-)
In 1932 the DJIA bottomed @ about 25 (+,_)
Capricious,
Do you ever read James Kuntsler? To many he is a little doom and gloom but he has great insight into the plight of the economy today and basically says that americans are sleepwalking into their future...look him up - you may enjoy him.
ChickpeaChickpeaBeach Fanatic30-A Corridor1,151 postsJoined View profileMessageBeach Fanatic
ChickpeaBeach Fanatic30-A Corridor1,151 postsJoined View profileMessageBeach FanaticCapricious,
Here is a quick read on a forum held over the future of suburbia
http://freakonomics.blogs.nytimes.c...the-future-of-suburbia-a-freakonomics-quorum/
Here is a quick read on a forum held over the future of suburbia
http://freakonomics.blogs.nytimes.c...the-future-of-suburbia-a-freakonomics-quorum/
full timefull timeBeach Fanatic726 postsJoined View profileMessageBeach Fanatic
Capricious,
Do you ever read James Kuntsler? To many he is a little doom and gloom but he has great insight into the plight of the economy today and basically says that americans are sleepwalking into their future...look him up - you may enjoy him.
Bad Americans. We should have been much more like those enlightened and futuristic folks over in Dubai who only build (with slaves) cool stuff that's good for the environment so that everyone will buy a little piece of heaven on Earth. Uhhhh...... never mind. Maybe Dubai can join Cleveland on the bailout train.
http://online.wsj.com/article/SB122649558637520553.html?mod=googlenews_wsj
scooterbug44scooterbug44SoWal ExpertSowal16,706 postsJoined View profileMessageSoWal Expert
scooterbug44SoWal ExpertSowal16,706 postsJoined View profileMessageSoWal ExpertWould anyone care to comment on how much negative/sensationalistic news stories are affecting the stock market and the economy?
Bad news gets better ratings, but the fallout isn't worth it IMO.
Bad news gets better ratings, but the fallout isn't worth it IMO.
BobBobSoWal InsiderO'Wal10,368 postsJoined View profileMessageSoWal Insider
BobSoWal InsiderO'Wal10,368 postsJoined View profileMessageSoWal InsiderBad Americans. We should have been much more like those enlightened and futuristic folks over in Dubai who only build (with slaves) cool stuff that's good for the environment so that everyone will buy a little piece of heaven on Earth. Uhhhh...... never mind. Maybe Dubai can join Cleveland on the bailout train.they're just copying your heritage
http://online.wsj.com/article/SB122649558637520553.html?mod=googlenews_wsj
30ashopper30ashopperSoWal InsiderRight here!6,845 postsJoined View profileMessageSoWal Insider
30ashopperSoWal InsiderRight here!6,845 postsJoined View profileMessageSoWal InsiderWhat an incredibly boorish, crude and insenstive thing to say - and why don't you grow a heart - I couldn't care less that you are telling me to grow up - I am talking about your pathetic comment that everyone holds their financial future in their own hands - I am actually glad you wrote that - it speaks volumes about you and now I can gladly ignore your posts knowing where you come from. Ciao.
We are not responsible for our own futures? I'm confused, if I'm not responsible for my own well being and financial future, who is?
full timefull timeBeach Fanatic726 postsJoined View profileMessageBeach Fanatic
they're just copying your heritage
You mean they're drinkin, fightin and carousin?
poppypoppyBannedMiramar Beach2,854 postsJoined View profileMessageBanned
You mean they're drinkin, fightin and carousin?
I'm in. :clap:
Miss CritterMiss CritterBeach FanaticMy perfect beach3,397 postsJoined View profileMessageBeach Fanatic
Miss CritterBeach FanaticMy perfect beach3,397 postsJoined View profileMessageBeach FanaticWe are not responsible for our own futures? I'm confused, if I'm not responsible for my own well being and financial future, who is?
I can't speak for chickpea, of course, but I would guess she was referring to all those folks who DID do the right thing. Bought a home they could afford, put the maximum into their 401K, saved for their kids' college, only to see their investments tank and lose their homes due to layoffs. Or senior citizens whose nest eggs are a fraction of what they were a few months ago, all while the cost of food, meds and everything else goes through the roof. Not everyone who was/is negatively impacted by these economic times falls into the category of greedy investor/wall street types. Many ethical, steady, regular folks are suffering a great deal due to factors beyond their control.
GoodWitch58GoodWitch58Beach Fanatic4,810 postsJoined View profileMessageBeach Fanatic
...and, I think if we all showed a bit more empathy and a lot less self-centeredness, then the world would be a more peaceful place for all of us.
"Walk a mile in another's shoes....."
"Walk a mile in another's shoes....."
30ashopper30ashopperSoWal InsiderRight here!6,845 postsJoined View profileMessageSoWal Insider
30ashopperSoWal InsiderRight here!6,845 postsJoined View profileMessageSoWal InsiderSo far we've bailed out the investment firms, the banks, the insurance companies, the middle class, and soon we'll be bailing out the auto makers (again) and the middle class (again). I don't think bailouts solve problems, they exacerbate them. People need to learn from their mistakes. That sounds cruel, but really it's the most benevolent thing to do.
Miss CritterMiss CritterBeach FanaticMy perfect beach3,397 postsJoined View profileMessageBeach Fanatic
Miss CritterBeach FanaticMy perfect beach3,397 postsJoined View profileMessageBeach FanaticSo far we've bailed out the investment firms, the banks, the insurance companies, the middle class, and soon we'll be bailing out the auto makers (again) and the middle class (again). I don't think bailouts solve problems, they exacerbate them. People need to learn from their mistakes. That sounds cruel, but really it's the most benevolent thing to do.
Please define the "mistakes" in the examples I posted.
scooterbug44scooterbug44SoWal ExpertSowal16,706 postsJoined View profileMessageSoWal Expert
scooterbug44SoWal ExpertSowal16,706 postsJoined View profileMessageSoWal ExpertThe bailouts, stimulus checks, etc. are really just dragging out the inevitable and punishing companies and people who are fiscally responsible.
I really don't see how loaning billions to or the government buying stock in auto companies who have been operating at a loss for years solves anything beyond keeping people out of unemployment lines for a year or 2.
The economy needs a big ol' dose o' Darwinism and common sense. IMO we'll recover a lot faster once we get all the worthless junk out of the system and stop enabling these companies further.
I really don't see how loaning billions to or the government buying stock in auto companies who have been operating at a loss for years solves anything beyond keeping people out of unemployment lines for a year or 2.
The economy needs a big ol' dose o' Darwinism and common sense. IMO we'll recover a lot faster once we get all the worthless junk out of the system and stop enabling these companies further.
Edited
Interesting day today
Capricious
(Who can't play in the waves at the beach, but is playing
in the waves in the "markets")
"The Wall Street crash doesn't mean that there will be any general or serious business depression... For six years American business has been diverting a substantial part of its attention, its energies and its resources on the speculative game... Now that irrelevant, alien and hazardous adventure is over. Business has come home again, back to its job, providentially unscathed, sound in wind and limb, financially stronger than ever before."
- Business Week, November 2, 1929
Capricious
(Who can't play in the waves at the beach, but is playing
in the waves in the "markets")
"The Wall Street crash doesn't mean that there will be any general or serious business depression... For six years American business has been diverting a substantial part of its attention, its energies and its resources on the speculative game... Now that irrelevant, alien and hazardous adventure is over. Business has come home again, back to its job, providentially unscathed, sound in wind and limb, financially stronger than ever before."
- Business Week, November 2, 1929
Checking your forum account
Please wait while we verify your forum account.