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  1. #1 sell! sell! sell! 
    bushman eek.'s Avatar
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    <TABLE cellSpacing=0 cellPadding=0 width=629 border=0><TBODY><TR><TD colSpan=3>Sell in May, and go away.
    Oil heading for $80 and gold heading for $700


    --------------------------------------------------------------
    Volatility sweeps global markets


    </TD></TR><TR><TD vAlign=top width=416><!-- S BO --><!-- S IIMA --><TABLE cellSpacing=0 cellPadding=0 width=203 align=right border=0><TBODY><TR><TD> There are concerns that the drop in share prices could be severe


    </TD></TR></TBODY></TABLE><!-- E IIMA --><!-- S SF -->US stock markets have dropped sharply, extending a global share sell-off amid fears about the effect of higher interest rates on the world economy.
    There are concerns that higher rates will hit corporate profits and takeover deals, and dent consumer spending.
    European markets were also jittery, with London's share index closing down for a fourth day and ending at its lowest level since the middle of March.
    Analysts have warned that markets could remain volatile for a number of weeks. <!-- E SF -->
    "I think you've got bargain hunters out there for sure and I think you've got some people who are still scared," said Randy Frederic of Charles Schwab & Co.
    "We're seeing the convergence of a whole host of sort of unrelated or only slightly related issues," he explained.
    Share fall
    By the close of trading in New York, the Dow Jones Industrial Average of leading shares was 208.1 points, or 1.5%, lower at 13,265.47.
    Since Monday the index has lost 4.2%, its worst weekly decline in almost five years.
    The wider measure of the US stock market, the S&P 500, ended down 1.6%, while the Nasdaq index, which largely tracks technology stocks, was 1.4% lower.
    <!-- S IBOX --><TABLE cellSpacing=0 cellPadding=0 width=208 align=right border=0><TBODY><TR><TD width=5></TD><TD class=sibtbg> The stock market as a whole may be set for some dismal days


    Robert Peston
    BBC Business Editor



    <!-- S ILIN -->Read Robert's blog
    <!-- E ILIN -->

    </TD></TR></TBODY></TABLE><!-- E IBOX -->
    Earlier, the FTSE 100 index of leading shares on the London market had closed 36 points, or 0.6%, lower at 6215.20. France's Cac-40 index of leading shares and Germany's Dax also declined.
    In Asia, the Wall Street slump on Thursday led to Japan's Nikkei closing down 418.28 points, or 2.4%, at 17,283.81, while Hong Kong's index ended 2.7% lower.
    Credit crunch
    The main underlying problem is that many investors are worried about an impending credit crunch.
    In past years, financial markets, companies and consumers have all benefited from low interest rates and easy access to money, helping fuel a boom in spending, house price inflation and corporate takeovers.
    <!-- S IBOX --><TABLE cellSpacing=0 cellPadding=0 width=208 align=right border=0><TBODY><TR><TD width=5></TD><TD class=sibtbg>
    When there's uncertainty about financing, then private equity is not so quick to make deals


    Elliot Spar of Ryan Beck & Co



    <!-- S ILIN -->Q&A: World stock market falls
    <!-- E ILIN -->

    </TD></TR></TBODY></TABLE><!-- E IBOX -->
    Now, interest rates are rising and set to stay higher as central banks try to rein in inflation.
    A large part of the rise in share prices in the past year has been driven by the takeover boom, with private equity bidders pushing up the value of the firms they are targeting.
    Most of these deals are paid for with borrowed money and the banks who have loaned this cash have been laying off a large proportion of the loans by selling them to other investors.
    However because investors are bruised by their losses in the US sub-prime mortgage market, they are now less keen now on buying the risky loans from the banks, taking away the credit needed for takeovers and prompting share prices to fall.
    "When there's uncertainty about financing, then private equity is not so quick to make deals," said Elliot Spar of Ryan Beck & Co.
    Fred Dickson of D.A Davidson & Co said that: "We've had this massive change in investor expectations in terms of new deal flow."
    "The lifeguards have shouted, and investors are now starting to heed their warnings and head back to shore."
    Downhill track
    At the same time, oil prices have climbed, raising fears that inflation could also pick up again because of higher energy costs.
    US markets bounced back slightly on Friday after figures showed that the US economy had grown more quickly in three months to June than analysts had first thought. US Commerce department data showed that, on an annual basis, the US economy grew by a robust 3.4% in the second quarter of 2007. However, the respite was short-lived as analysts fretted that the figures may increase the chances of further interest rate rises in the US.

    </TD></TR></TBODY></TABLE>
    http://news.bbc.co.uk/1/hi/business/6918570.stm
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  2. #2  
    Living...vicariously through myself. BASEHEAD's Avatar
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    Buy Buy Buy!!

    Sell high,buy low Eek....yikes
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  3. #3  
    Living...vicariously through myself. BASEHEAD's Avatar
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    CF ....reports Monday.
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  4. #4  
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    Dow closed @ 13136 on May 1st, still above this level today.
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  5. #5  
    Conservatives, Patriots & Huskies return to glory Willie99's Avatar
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    Why are we impacting "global markets"?

    Our dollar is weak, we're not the strongest economy and we're stupid fucks to boot.

    How can that possibly happen?
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  6. #6  
    Is that a moonbat in my sites? bblight's Avatar
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    Look at eek screaming in pain when the market drops a percentage point or two.

    6 months ago, the dow was at 12,000 and now it's at 13,265 - that's more than 10% growth in 6 months, in the last year it's gone from 11,200 to its present rate - what's that? Nearly 17% and in the last two years its grown from 10,300 - a very respectable 12% per year rate of growth.

    And Chicken Little eek is crying that the sky is falling.
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  7. #7  
    I'm still here Mo-fo's cussin'it's Avatar
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    Tis time to pay the fiddler.

    Cheap loans are a thing of the past.
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  8. #8  
    Wooooooooh Nelly look em' go!!! The Right Wing's Avatar
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    Quote Originally Posted by cussin'it View Post
    Tis time to pay the fiddler.

    Cheap loans are a thing of the past.


    Whatcha talkin Willis!


    Friday's close- 6.25% 30yr Fixed


    buy,buy,buy,
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  9. #9  
    I'm still here Mo-fo's cussin'it's Avatar
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    Quote Originally Posted by The Right Wing View Post
    Whatcha talkin Willis!


    Friday's close- 6.25% 30yr Fixed


    buy,buy,buy,
    Grand Oracle, I was referring to the subprime bust. The days of cheap credit are gonna be history soon. Buy buy buy (do buy those pro-v's, footjoys, and a new Titleist driver), as I've been holding this stock for a while: FO

    How ya been, old boy? Still hacking it up out there?
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  10. #10  
    Living...vicariously through myself. BASEHEAD's Avatar
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    Quote Originally Posted by cussin'it View Post
    Grand Oracle, I was referring to the subprime bust. The days of cheap credit are gonna be history soon. Buy buy buy (do buy those pro-v's, footjoys, and a new Titleist driver), as I've been holding this stock for a while: FO

    How ya been, old boy? Still hacking it up out there?
    Wish you got into INTC Cussy.

    "Cycles cycles,life runs in cycles".....Chuck D

    Glad to see you foraying into the forum again.Missed you bro.
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  11. #11  
    I'm still here Mo-fo's cussin'it's Avatar
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    Quote Originally Posted by BASEHEAD View Post
    Wish you got into INTC Cussy.

    "Cycles cycles,life runs in cycles".....Chuck D

    Glad to see you foraying into the forum again.Missed you bro.
    I did bro, and you were the one to thank. Took my $$ and ran and got out of all my speculatives on Tues. Moved alot of stuff into cash. The storm is upon us. Stayed with a few good solid companies within industries: semiconduct/tech, defense, aerospace, and consumer goods. (buy more Pro-V's!)

    I see at least a 10 point drop/correction before this thing goes the other way. Treading real conservative now. This subprime fiasco made a mess and the ripples are strong. Good CPI# and a good CF will help to ease the freefall.

    Been tough. That lead in the heart seems to be there for good. Have been working on the game alot and competing well. Got er down to a .5 but have my goofy rounds. Good to hear from ya, best hopes for your Pops, my friend.

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  12. #12  
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    http://lta.today.reuters.com/news/ne...PRECIO-SOL.XML


    This basically says that according to Chavez, the price for every oil barrel will go over $100 at the end of the year
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  13. #13 The crash of 1929, it's going to happen again. 
    RX Member Spytheweb's Avatar
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    By 1929, the Fed raised interest rates several times to cool the overheated stock market. By October, the bear market had commenced. On Thursday, October 24 1929, panic selling occurred as investors realized the stock boom had been an over inflated bubble. Margin investors were being decimated as every stock holder tried to liquidate, to no avail. Millionaire margin investors became bankrupt instantly, as the stock market crashed on October 28 th and 29 th. By November of 1929, the Dow sank from 400 to 145. In three days, the New York Stock Exchange erased over 5 billion dollars worth of share values! By the end of the 1929 stock market crash, 16 billion dollars had been shaved off stock capitalization.
    To make matters worse, banks had invested their deposits in the stock market. Now that stocks were obliterated, the banks had lost their depositors money! Bank runs started, where bank patrons tried to withdraw their savings all at once. Major banks and brokerage houses became insolvent, adding more fuel to the bear market. The financial system was in shambles. Many bankrupt speculators, who were once aristocracy, commit suicide by jumping out of buildings. Even bank patrons who had not invested in shares became broke as $140 billion of depositor money disappeared and 10,000 banks failed.
    The 1929 stock market crash was beneficial for some, however. Jesse Livermore correctly forecasted the economic crisis and shorted. He made over 100 million dollars! Joseph Kennedy, John F. Kennedy’s father, sold before the 1929 stock market crash and kept millions in profit. Kennedy decided to sell because he overheard shoeshine boys and other novices speculating on stocks. Livermore and Kennedy were individuals are known as the “smart money”, who profit regardless if the market is skyrocketing or plummeting.
    The stock market crash of 1929 launched the Great Depression. The Depression was the time from October 1929 to the mid 1930’s. Mass poverty occurred then, as many workers lost their jobs and were forced to live in shanty towns. Former millionaire businessmen were reduced to selling apples and pencils on street corners. One third of Americans were below the poverty line in the Great Depression. The Dow Jones finally surpassed its 1929 high, a full 26 years later in 1955.
    The stock market crash of 1929 was identical to any other financial bubble. The classic pattern of extreme euphoria and irrational expectations will always lead to devastating financial crashes. Learning how to identify these timeless patterns will allow you to profit whether the market is rising or falling.
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  14. #14  
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    I wish everyone is screaming, 'sell, sell,sell' it's going to create an excellent opportunity to load.
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  15. #15  
    Conservatives, Patriots & Huskies return to glory Willie99's Avatar
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    The dynamics of the 1929 crash were nothing close to whats happening today. The crash was caused in large part by banks failing after people were told banks were failing and they ran to their banks to take all their money out causing banks to fail. I just don't see that happening today, no matter how hard to pray it happens. Allah will not intervene on your behalf. The market has taken some serious lumps in recent years, 1987 & 2000, and no great depression followed.

    I think people have been predicting the next great depression ever since the last great depression ended. Sadly, one of them may eventually be right some day, but not just yet. It will take a catastrophic event to cause a depression, not a bad day on Wall St.
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  16. #16  
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    Quote Originally Posted by BASEHEAD View Post
    CF ....reports Monday.

    <TABLE class=yfnc_modtitlew1 cellSpacing=0 cellPadding=0 width=580 border=0><TBODY><TR><TD colSpan=5><TABLE cellPadding=1 width="100%"><TBODY><TR><TD>After Hours: 59.02 1.30 (2.25%) as of 5:29PM ET on 07/30/07</TD></TR></TBODY></TABLE></TD></TR><TR vAlign=top><TD><TABLE class=yfncsumdatagrid cellSpacing=0 cellPadding=0 width=185 border=0><TBODY><TR vAlign=top><TD class=yfnc_datamodoutline1><TABLE cellSpacing=1 cellPadding=2 width="100%" border=0><TBODY><TR><TD class=yfnc_tablehead1 width="48%">Last Trade:</TD><TD class=yfnc_tabledata1><BIG>57.72</BIG></TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Trade Time:</TD><TD class=yfnc_tabledata1>4:01PM ET</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Change:</TD><TD class=yfnc_tabledata1> 4.01 (7.47%)</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Prev Close:</TD><TD class=yfnc_tabledata1>53.71</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Open:</TD><TD class=yfnc_tabledata1>54.34</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Bid:</TD><TD class=yfnc_tabledata1>N/A</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Ask:</TD><TD class=yfnc_tabledata1>N/A</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">1y Target Est:</TD><TD class=yfnc_tabledata1>57.00</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD><TD noWrap width=5><SPACER width="5" height="1" type="block"></SPACER></TD><TD><TABLE class=yfncsumdatagrid cellSpacing=0 cellPadding=0 width=185 border=0><TBODY><TR vAlign=top><TD class=yfnc_datamodoutline1><TABLE cellSpacing=1 cellPadding=2 width="100%" border=0><TBODY><TR><TD class=yfnc_tablehead1 width="48%">Day's Range:</TD><TD class=yfnc_tabledata1>53.66 - 58.13</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">52wk Range:</TD><TD class=yfnc_tabledata1>16.37 - 68.05</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Volume:</TD><TD class=yfnc_tabledata1>1,879,773</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Avg Vol <SMALL>(3m)</SMALL>:</TD><TD class=yfnc_tabledata1>1,437,290</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Market Cap:</TD><TD class=yfnc_tabledata1>3.20B</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">P/E <SMALL>(ttm)</SMALL>:</TD><TD class=yfnc_tabledata1>27.78</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">EPS <SMALL>(ttm)</SMALL>:</TD><TD class=yfnc_tabledata1>2.08</TD></TR><TR><TD class=yfnc_tablehead1 width="48%">Div & Yield:</TD><TD class=yfnc_tabledata1>0.08 (0.10%)</TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></TD><TD noWrap width=5><SPACER width="5" height="1" type="block"></SPACER></TD><TD vAlign=center align=middle width=193>New! Try our new Charts in Beta <TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD height=1><SPACER width="1" height="1" type="block"></TD></TR></TBODY></TABLE><SMALL>1d5d3m6m1y2y</SMALL></TD></TR></TBODY></TABLE>
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  17. #17  
    Triple digit silver kook Dawoofdaddy's Avatar
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    Quote Originally Posted by The Right Wing View Post
    Whatcha talkin Willis!


    Friday's close- 6.25&#37; 30yr Fixed


    buy,buy,buy,
    You cant be serious...the current American real estate market ranks among the worlds all time largest bubbles.

    If the govt didnt have the printing presses to conceal whats really happening, more people would realize the actual problems.

    However, those same printing presses only delay and deepen the day of reckoning.

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  18. #18  
    the bear is back biatches!! printing cancel.... tiznow's Avatar
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    dow futures down 80 right now and asia markets down 3&#37;+ on average tonight, tomorrow could be interesting
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  19. #19  
    the bear is back biatches!! printing cancel.... tiznow's Avatar
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    Quote Originally Posted by Willie99 View Post
    The dynamics of the 1929 crash were nothing close to whats happening today. The crash was caused in large part by banks failing after people were told banks were failing and they ran to their banks to take all their money out causing banks to fail. I just don't see that happening today, no matter how hard to pray it happens. Allah will not intervene on your behalf. The market has taken some serious lumps in recent years, 1987 & 2000, and no great depression followed.

    I think people have been predicting the next great depression ever since the last great depression ended. Sadly, one of them may eventually be right some day, but not just yet. It will take a catastrophic event to cause a depression, not a bad day on Wall St.
    Crashes don't happen cause of catastrophic events, they just happen when nobody is expecting them. The crash of 1929 was caused by overexuberance and a worldwide bubble. It wasn't just an American event it was a worldwide event and if you look around at the world economies today you will see many bubbles in formation. The whole world is in a symbiotic relationship right now and once one takes a shit everybody will take shit.
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  20. #20  
    the bear is back biatches!! printing cancel.... tiznow's Avatar
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    dow futures off 98 now quite a move for the overnight hours...with all the leverage and such the forced selling might ensue
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  21. #21  
    the bear is back biatches!! printing cancel.... tiznow's Avatar
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    make that dow futures off 111...hmmm...judgement day?
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  22. #22  
    the bear is back biatches!! printing cancel.... tiznow's Avatar
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    umm...off 140 now....might be a sleepless night....very weird never seen overnight action like this before
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  23. #23  
    the bear is back biatches!! printing cancel.... tiznow's Avatar
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    156.....any bidders? this getting scary
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  24. #24  
    Conservatives, Patriots & Huskies return to glory Willie99's Avatar
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    Quote Originally Posted by tiznow View Post
    Crashes don't happen cause of catastrophic events, they just happen when nobody is expecting them. The crash of 1929 was caused by overexuberance and a worldwide bubble. It wasn't just an American event it was a worldwide event and if you look around at the world economies today you will see many bubbles in formation. The whole world is in a symbiotic relationship right now and once one takes a shit everybody will take shit.

    I didn't say the market couldn't crash, I said a crash doesn't mean the next great depression. We've had substantial stock market crashes in 87 & 2000 and we has a substantial real estate bust in the late 80's, we obviously survived and prospered after those events.

    I said it would take a catastrophic event to cause the next great depression.
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  25. #25  
    the bear is back biatches!! printing cancel.... tiznow's Avatar
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    man they were hard at work this morning to save the day -130 to flat in a blink of an eye near open granted day has a long way to go, selling the yen like madmen to keep the yen carry trade a going.
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