Hey Jlew! Unemployment Is UP to 5% The Market Just DIVE BOMBED.Hows It Going This AM?

245

Comments

  • jlew24asu
    jlew24asu Posts: 10,118
    polaris wrote:
    ha! ... i see nothings changed ... oh well ...

    unless you have something useful to add to the discussion about the economy, why waste everyone's time with your bullshit?

    and just so you understand. a strong economy is a good thing. a weak economy is a bad thing.

    why is a weak economy bad you ask? well when a economy is weak people loose jobs, when they loose jobs, they can't afford to eat, when they cant eat, they cant survive. you see where i'm going with this?
  • polaris
    polaris Posts: 3,527
    jlew24asu wrote:
    unless you have something useful to add to the discussion about the economy, why waste everyone's time with your bullshit?

    and just so you understand. a strong economy is a good thing. a weak economy is a bad thing. sorry to have to break it down as if you are 3 but that seems to be the extent of your economic knowledge.

    why is a weak economy bad you ask? well when a economy is weak people loose jobs, when they loose jobs, they can't afford to eat, when they cant eat, they cant survive. you see where i'm going with this?

    i admit to not knowing a great deal about economics but i do know that during a "strong economy" - people lose jobs, people can't afford to eat and people can't survive ... but really, engaging in a mature discussion with you is difficult - so, you can continue on and i will move on ...
  • jlew24asu
    jlew24asu Posts: 10,118
    polaris wrote:
    i admit to not knowing a great deal about economics but i do know that during a "strong economy" - people lose jobs, people can't afford to eat and people can't survive ... but really, engaging in a mature discussion with you is difficult - so, you can continue on and i will move on ...

    hey you are the one who came in here with the brainwashing comment. yet you want to have a mature discussion? by all means, lets.

    yes people lose jobs during a strong economy but much less often. and they have a much better chance of finding a new job also.
  • callen
    callen Posts: 6,388
    What worries me is the continuing weakening of the dollar....forget job growth....and yea if we have a weak dollar exports will go up...got that..but when we loose 20% value in our currency...that's a problem...
    10-18-2000 Houston, 04-06-2003 Houston, 6-25-2003 Toronto, 10-8-2004 Kissimmee, 9-4-2005 Calgary, 12-3-05 Sao Paulo, 7-2-2006 Denver, 7-22-06 Gorge, 7-23-2006 Gorge, 9-13-2006 Bern, 6-22-2008 DC, 6-24-2008 MSG, 6-25-2008 MSG
  • bootlegger10
    bootlegger10 Posts: 16,263
    Why is this a thread? Shouldn't it be a series of PM's? Hey Driftin and Jlew....pick up the phone or use AIM.
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    bootlegger10 wrote:
    Why is this a thread? Shouldn't it be a serious of PM's? Hey Driftin and Jlew....pick up the phone or use AIM.

    No.
    It's public discource disguised as a personal communication.

    Settle down.
    The discussion is intelligent (some of it), relevant (all of it), and you could probably benefit from reading it and thinking about it.
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    i haven't seen the market wind this tightly around a downward trend in weeks.

    The market is really taking this news as a SOLID blow.
    No one is trying to break the move.
    The trend since the news hasn't broken a median line by more than 2 points or so (in the spooz) ... just down down down ... like its on a hill and rolling.

    Pre market loss is now more than DOUBLE.
    Thats 2% to you, jlew.
    :D
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • jlew24asu
    jlew24asu Posts: 10,118
    DriftingByTheStorm wrote:
    i haven't seen the market wind this tightly around a downward trend in weeks.

    The market is really taking this news as a SOLID blow.
    No one is trying to break the move.
    The trend since the news hasn't broken a median line by more than 2 points or so (in the spooz) ... just down down down ... like its on a hill and rolling.

    Pre market loss is now more than DOUBLE.
    Thats 2% to you, jlew.
    :D

    downward in the last 5 days...sure....last 6 months? rather sideways

    http://finance.yahoo.com/q/bc?s=%5EGSPC&t=6m&l=on&z=m&q=l&c=
  • bootlegger10
    bootlegger10 Posts: 16,263
    DriftingByTheStorm wrote:
    No.
    It's public discource disguised as a personal communication.

    Settle down.
    The discussion is intelligent (some of it), relevant (all of it), and you could probably benefit from reading it and thinking about it.

    I was just kidding.
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    jlew24asu wrote:
    downward in the last 5 days...sure....last 6 months? rather sideways

    http://finance.yahoo.com/q/bc?s=%5EGSPC&t=6m&l=on&z=m&q=l&c=

    lol.
    i just meant INTRADAY, jlew.
    Sorry for confuseion.
    Yeah, i was looking at the yearly dow earlier ...

    it actualy looks like we are coiling towards a breakout ...

    which, being bearish, scares me ... consolidation + bad news = break out to the SOUTH.
    :(


    S&P looks even worse.
    Same lows and lower highs.
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • know1
    know1 Posts: 6,801
    Ebizzie wrote:
    Am I missing something or are you rooting for a recession?

    This poster just really likes drawing attention to themself when he/she gets a prediction right. In other words, he/she is boasting and that's the reason for the excitement.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    know1 wrote:
    This poster just really likes drawing attention to themself when he/she gets a prediction right. In other words, he/she is boasting and that's the reason for the excitement.

    Yeah, the OP is an egomaniacle ass.
    :D
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • jlew24asu
    jlew24asu Posts: 10,118
    not a good day. or week for that matter. :(
  • sweetpotato
    sweetpotato Posts: 1,278
    isn't this thread kinda the definition of a chat room conversation? just curious.
    "Ladies and gentlemen, the President of the United States, Barack Obama."

    "Obama's main opponent in this election on November 4th (was) not John McCain, it (was) ignorance."~Michael Moore

    "i'm feeling kinda righteous right now. with my badass motherfuckin' ukulele!"
    ~ed, 8/7
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    sweetpotato wrote:
    isn't this thread kinda the definition of a chat room conversation? just curious.

    minus the title addressing someone, which was deliberate since it was 8:30 in the morning and was intended as a "rude awakening", how are the contents in this thread any different than all the other threads on here?

    Besides several of you, obviously confused, asking if it is a private conversation?

    I think the only thing making you say this, is that nobody else seems to have anything relevant to toss in the ring.

    Why don't you go read a macroeconomics book and join the debate, instead of criticizing it?
    ok, just kidding. Macroeconomics is HORRIBLY boring bullshit.
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • RolandTD20Kdrummer
    RolandTD20Kdrummer Posts: 13,066
    I like reading about economics. Mostly because I used to be so ignorant about it, and it affects everything and everyone to their core of existence.
    Progress is not made by everyone joining some new fad,
    and reveling in it's loyalty. It's made by forming coalitions
    over specific principles, goals, and policies.

    http://i36.tinypic.com/66j31x.jpg

    (\__/)
    ( o.O)
    (")_(")
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    In Hindsight:

    1. Did the market "freak out"?
    2. Was the decline, as measured in percentages, "significant" ?
    3. is SIV containment theory valid?
    4. is this a "correction"?
    5. will we see a rally next week?

    the only one i will answer is 5.
    Not really. She may attempt an advance on monday, but it will probably fade. Tuesday, Redbook (retail sales) numbers and pending home sales numbers will be bad (maybe not worse than expected, but not good) and the market will slide again. A whole SLEW of bad reports will probably stink up the street on thursday .... jobless claims, wholesale and chain store numbers all of which will probably stink. Maybe some bomb shell about inflation out of the bank of england (not a bombshell to me, but maybe for those with pie in the sky hopes) ... etc.

    MAYBE a rally on friday following international trade #s.
    But it could be a crash as well.

    ALL IN ALL,
    THE NEW YEAR IS SUCKING FOR BULLS.
    :(
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • jlew24asu
    jlew24asu Posts: 10,118
    NASDAQ really concerns me. it took a dump today. I do not think much news is going to come out in the coming days/weeks either.
  • DriftingByTheStorm
    DriftingByTheStorm Posts: 8,684
    jlew24asu wrote:
    NASDAQ really concerns me. it took a dump today. I do not think much news is going to come out in the coming days/weeks either.

    much GOOD news, you meant?
    ;)

    Nasdaq down 4%, huh.
    yikes.
    If I was to smile and I held out my hand
    If I opened it now would you not understand?
  • jlew24asu
    jlew24asu Posts: 10,118
    DriftingByTheStorm wrote:
    much GOOD news, you meant?
    ;)

    Nasdaq down 4%, huh.
    yikes.


    right, much good news.

    3.77% you meant. and get ready for a rate cut at next meeting. o this is fun stuff.

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