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Is it a sucker's rally?

Discussion in 'U.S. Politics' started by asur, May 17, 2009.

  1. asur

    asur New Member

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    The current stock market rally is for suckers.
    Usually low stock prices would be attractive and you would bite the bullet
    and buy, but it's different now.

    There is little use for a stock market in a true socialist model, if that
    is the Obama plan.
    But regardless, we need to see some solid economic improvement, which will not
    come anytime soon.

    The fools that are placing their money into stocks, may deserve to lose it now. This is no time to risk money. The US is entering uncharted waters
    and there is no economy, it's a bad joke called CHANGE!

    Look at who is selling and you find it is the big boys.
    Look at who is buying and it is the small fools.

    It's called CHANGE!
     
  2. top gun

    top gun New Member

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    That's right let's all join the asur I HATE AMERICA AND WANT IT TO FAIL BECAUSE THE REPUBLICANTS GOT THEIR BUTTS KICKED OUT OF OFFICE... twice... BANDWAGON!!!:D

    Hate American cars...

    Hate American workers...

    Hate American companies if they took bailout money & didn't just fold...

    Super HATE the stock market for rising and making him look like an all doom & gloom loser.

    Hate President Obama for being so damn popular... hate his wife for being smart & caring and his kids for being cute & respectful...

    HATE HATE HATE because he misses W. and Darth Cheney... please bring those stellar losers back... :rolleyes:

    Hint: The stock market is creeping up because the BUSH RECESSION is starting to bottom out.
     
  3. asur

    asur New Member

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    Top Gun - It's an OBAMA DEPRESSION and Bush has nothing to do with it.
    It's just starting and you will find out what CHANGE means.

    Stocks started to tank when it became apparent Obama would be
    president. This is just one fact.

    It will get worse, even Obama says so.

    You can always buy a few stocks if you like though.
    If you believe what you post you will.
     
  4. top gun

    top gun New Member

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    Obama depression... are you insane!!! The guys only been in office for like 120 days goofball.:D

    GEORGE W. BUSH and his REPUBLICANTS with their total lock on the Executive & both Houses of Congress for his first 6 years in office broke it in the first place... so we're all doomed. America is done. Might as well give up because asur hates President Obama... not!:rolleyes:

    Did we hit bottom yet?
    By Daniel Massey

    For months after Wall Street's collapse last fall, client orders at the New York offices of staffing agency Robert Half International dried up, while inquiries from job seekers skyrocketed. After the new year, the dynamic slowly started to reverse: Fewer hopefuls walked through the company's doors, but clients quietly started hiring again.

    “We've seen the shoots starting to sprout up here and there,” says Dawn Fay, the firm's district president.

    Even as the city is battered by rising unemployment, steep cuts in consumer and corporate spending, plummeting condo prices and a record drop in office rents, the first glimmers of hope that the economic free fall could be nearing an end are emerging. Based on surveys that track consumer and business confidence and reports from real estate and retail experts, signs of renewal appear to be poking through the city's recession-impacted soil.

    “I do think we are probably near the bottom,” Mayor Michael Bloomberg said last week. “I don't know that the economy is going straight up from here, but I am getting more optimistic every day.”

    While some wrote off the mayor's comments as election-year pie-in-the-sky talk, there are indications that the intensity of the downturn is beginning to ease up. Nationally, credit markets have shown signs of thawing, dismal retail and auto sales have picked up slightly, and stocks have surged. Mortgage rates have hit an all-time low, and home sales have begun to stabilize.

    In the city, economists are looking to activity at staffing agencies like Ms. Fay's as a leading indicator of whether the recession has hit bottom, because companies will often hire temporary workers when they sense that recovery is near. At Ajilon Professional Staffing, Regional Vice President Andrew Ernst has also seen a change in recent weeks.

    “Companies are coming to us—not a substantial number, but it definitely has turned,” he says.

    A key component of any potential turnaround is the city's consumer confidence level, which rose 7.2 points in the first quarter of the year, to 63.4, according to a Siena Research Institute survey. That lifts consumer confidence back to where it was in the first quarter of 2008. Future confidence jumped a hefty 9 points, to 68.1.

    “Consumers have taken a deep breath and stepped back from the economic cliff,” observes Douglas Lonnstrom, SRI's founding director.

    New Yorkers are moving beyond the shock of last fall's dismal economic news, and optimism about President Barack Obama's stimulus plan has driven a belief that conditions are going to improve, Mr. Lonnstrom says. But it will take time for full confidence to return. “It's good that we're up, but these are still real bad numbers,” Mr. Lonnstrom says.

    A new report by the National Association of Purchasing Management-New York is also a good sign. Although business activity in the city in March fell for the 14th straight month, the rate of decline slowed. And, the six-month outlook increased a record 33 points, to 64.8, the highest level since May 2008. Figures above 50 indicate growth.

    Indeed, the economy may be beginning to pick itself up off the scrap heap—literally.

    Kevin Gershowitz, who owns six recycling yards in the New York area, says business began collapsing in August, but started to stabilize in mid-January when junk cars, old stoves and scrap from home improvements started to trickle in. His yards are still operating at only 60% to 70% of their typical volume, but that's better than the 50% of a few months ago.

    Touchdown

    “We've finally landed,” Mr. Gershowitz says. “It might be on Mars, but at least we've landed.”

    Brokers and owners of real estate also say the landscape is starting to shift.

    “Up until six weeks ago, there was a lot of kicking of the tires,” says Stephen Tarter, co-owner of retail leasing agent Tarter/Stats Realty. “Now, a lot of deals are being made.”

    In one, a property owner chose Pret A Manger as a tenant from a group of eight serious contenders. Mr. Tarter says the increased activity is a sign that retailers think the economy will pick up in six to eight months—about the time it takes to acquire and build out space.

    There's even a glimmer of hope in an otherwise-dismal residential market, says Miller Samuel President Jonathan Miller. In the past few weeks, he's noticed an uptick in the number of signed contracts. Pent-up demand and improved liquidity in the market for conventional mortgages has driven the upswing. It's being fueled largely by first-time home buyers, who can buy without having to sell first.

    “I've seen enough transactions to get a sense that things are better than we thought they would be going into the spring,” Mr. Miller says.

    Avoiding the worst

    Even on the employment front, some economists are guardedly optimistic that lower-than-expected cuts thus far might mean that the city will be able to steer clear of the direst of job-loss forecasts.

    “At least the forecasts have bottomed out,” says Frank Braconi, chief economist in the Office of the New York City Comptroller. “That's a good sign in and of itself.”


    And personally I invest in Mutual Fund stocks with a good long term track record regardless if the market is up or down. It's a long term investment... that's what smart investors do.

    [​IMG]
     
  5. Mr. Shaman

    Mr. Shaman New Member

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    Gee....whatta "shocker".....the markets are Changing.

    :rolleyes:
     
  6. asur

    asur New Member

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    Mr. Sharman - It's only change is in the negative sense.
    The point is when insiders sell then it's usually time to get out with your
    shirt so to speak. This has always been true and is not new.

    What's new, is the fact that Obama's policies are killing jobs at an alarming rate and the stock market must follow.


    By the way, the US stock market was down for the past week.

    It ain't like the good old Bush days, when we had an economy.
     
  7. Mr. Shaman

    Mr. Shaman New Member

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    Yeah.....an economy in-the-Red.....with BOTH Bu$he$.

    Not to worry.....we've got another Dem....to clean-up after another Bush.

    :rolleyes:
     
  8. top gun

    top gun New Member

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    LOL... LMfreakinAO... you are a comedian!

     
  9. asur

    asur New Member

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    Topgun -

    Clinton worked with a Republican Congress that lead the way with
    reasonable economic policies and the stock market prospered.
    Bush inherited a stock market in free fall from Clinton, yet he managed
    to bring it to all time highs on the DOW. But why dwell on the good old days?
    That was then, this is now and it ain't pretty.

    The US and world stock market has dropped under Obama to date.
    His policies will harm it. How is taxing the rich going to help the stock market?
    How is destroying jobs going to help the stock market?
    How is increasing taxes on the poor going to help the stock market?
    How is increasing the size of government spending going to help it?

    It is so clear that these can't help, they can only hurt.

    Whatever Obama's bad policies accomplish, stocks will get clobbered.
    Actually they already have.

    This is called CHANGE!
     
  10. asur

    asur New Member

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    May 5, 2009 Report from the businessinsider:

    Last week there was a report that corporate insiders were selling at a faster rate that at any time since October, 2007 -- right near the top of the market.

    Well, the market's only raged higher since then and insider selling is only getting more intsense.

    Guess what, insiders don't sell if they think the stock market is headed higher.

    They understand Obama is bad for Stocks.
    They get it! They understand CHANGE!
     
  11. Mr. Shaman

    Mr. Shaman New Member

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    Yeah.....Republicans were fully on-board: :rolleyes:

    ....Or, at least, that's what BUSHCO convinced everyone..... :rolleyes:

    Ya' got NOTHIN'!!!!!!!!!!!!!!

    :p
     
  12. asur

    asur New Member

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    Bush never blamed Clinton for the recession he inherited.

    Obama on the other hand does blame Bush directly and will as long
    as things get worse, which they will. But Obama says not to
    worry about these little daily ups and downs. Nice of him.

    But let's not digress, just take a stand
    about the current stock market rally.

    I say it's a suckers rally. Are you saying it isn't?
     
  13. top gun

    top gun New Member

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    FREE FALL FROM CLINTON... ARE YOU AN ALIEN?:eek:

    The Stock market was just slightly under a huge HUGE peak that President Clinton had administered. THERE WAS A SURPLUS!!!!!!!!!!!!!!!!!!

    If that's poor old George Bush getting an economy in free fall then MY GOD President Obama just got a economy blown up by a nuclear bomb, then set on fire, then shot, and then stabbed multiple times! ARE YOU FREAKING KIDDING ME!

    You should do stand up... really!:D


     
  14. Mr. Shaman

    Mr. Shaman New Member

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    ....For obvious reasons.....there was none.

    :rolleyes:

    Gee.....how profound.

    I'll bet you came-up-with-that, all on your own.

    :rolleyes:
     
  15. asur

    asur New Member

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    Lol, where did the stock market rally go today?

    Todays News - May 19, 2009
    Construction of homes and apartments fell 12.8 percent last month to the lowest pace on records going back a half-century, the Commerce Department said. Analysts had expected housing starts to rise.

    Very bad news, considering spring is always the sweet period for home construction.
    But this is the Obama magic at work.

    Oh my bad, it's called CHANGE!
     
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