fedgolfer
Well-known member
How about Reagan.v2 -- didn't he increase the defecit and do a lot of trickle-down?
More similarities in macro market intentions between him and BHO then people want to admit.
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Market News
- Thread starter weatherweenie
- Start date
How about Reagan.v2 -- didn't he increase the defecit and do a lot of trickle-down?
More similarities in macro market intentions between him and BHO then people want to admit.
fedgolfer
Well-known member
Many months ago, I remember a few members saying there was no way TARP funds would be returned...
http://finance.yahoo.com/news/Admin...5.html?x=0&sec=topStories&pos=3&asset=&ccode=
I also remember being chastised when I said the gov't would make money for the taxpayers off of Citibank. Just saying, it's not all black and white -- or good vs evil.
I'm still standing by my words when I say most of the ARRA money hasn't been outlayed.
http://finance.yahoo.com/news/Admin...5.html?x=0&sec=topStories&pos=3&asset=&ccode=
I also remember being chastised when I said the gov't would make money for the taxpayers off of Citibank. Just saying, it's not all black and white -- or good vs evil.
I'm still standing by my words when I say most of the ARRA money hasn't been outlayed.
Frixxxx
Moderator
Do not listen to the GM lie about paying back bailout money....
This forecasted the way GM would pay off their loans:
http://motherjones.com/politics/2009/11/gm-will-pay-back-govt-loanwith-govt-money
From last year mind you......
CNN had a site but is not updating it...I think of confusion:
http://money.cnn.com/news/storysupplement/economy/bailouttracker/index.html
And here is CNN telling us about the $50 Billion left outstanding.
http://money.cnn.com/2010/04/21/autos/gm_loan_repayment/
So, as you can see fedgolfer, I think your statement is a little premature!:suspicious:
Viva_La_Migra
Well-known member
I hope you're right Fedgolfer. Unfortunately, GM has proven that they are clearly part of the smoke and mirrors (Obama) administration.
http://www.foxnews.com/politics/2010/04/23/gm-hot-water-ftc-truth-advertising/?test=latestnews
grandma
Well-known member
Who remembers the name of the poster about 3 years ago that lived in Japan? He'd post on the market news over there. He'd give us the reports from early morning there (14 hours diff from CDT). We pm'd a time or two, I was inquiring about things unrelated to tsp. I wonder if he would have anything to share about Japan's financial status as far as the citizens there are concerned.
KevinD
Well-known member
Democrats willing to test GOP in Wall St. showdown
http://finance.yahoo.com/news/Democrats-willing-to-test-GOP-apf-734877968.html?x=0
http://finance.yahoo.com/news/Democrats-willing-to-test-GOP-apf-734877968.html?x=0
James48843
Well-known member
Market is falling off a cliff today.
What's up?
What's up?
James48843
Well-known member
High Pole warning just appeared on the S fund P&F chart.
S&P 500 chart still hasn't broken. May tomorrow.
It's ugly.
S&P 500 chart still hasn't broken. May tomorrow.
It's ugly.
fedgolfer
Well-known member
Oscar called that swing day candle yesterday and then to open the short anywhere in the vicinity of yesterday's open. I listened to that one, but have a feeling i'm going to pay a huge price for not listening to his dollar call... I fund... OUCH! EFA at the 200 MA... a handful of red candles and that thing will trigger a death cross.
Bullitt
Well-known member
Don't be fooled. Market makers know that main street is selling it short and a short squeeze is their way of giving the little guy the finger.
James48843
Well-known member
News flash-
Interest rates to remain "UNCHANGED" .
Interest rates to remain "UNCHANGED" .
Frixxxx
Moderator
HP says to buy Palm in smartphone bet
http://www.reuters.com/article/Link
Looks like the Iphone will have competition.....Stock Price off 1%. Maybe a little late?
http://www.reuters.com/article/Link
Looks like the Iphone will have competition.....Stock Price off 1%. Maybe a little late?
XL-entLady
Well-known member
MARKET DIRECTION - 4/29/2010
"Earnings news and the breaking of an impasse over financial reform legislation were behind a broad stock market rally Thursday. The Dow was up over 130 points earlier in the day and finishes up over 1%, for its biggest daily climb since mid-March. "
http://seekingalpha.com/article/201793-equities-update-marked-moves-upward?source=hp_wc
"Earnings news and the breaking of an impasse over financial reform legislation were behind a broad stock market rally Thursday. The Dow was up over 130 points earlier in the day and finishes up over 1%, for its biggest daily climb since mid-March. "
http://seekingalpha.com/article/201793-equities-update-marked-moves-upward?source=hp_wc
nnuut
Moderator | TSP Legend
Stocks Have Miles to Go Before They Sleep
by Nick Godt
Thursday, May 6, 2010provided by
Commentary: Market's pullback could be heavier than any since March 2009
Fresh experience from the 1990s stock bubble and the more recent housing bubble serves to remind that few ask questions when prices are steadily rising.
But as reader traffic numbers at popular financial news Web sites reveal, public interest is much higher in times of crises: It's human nature to want to know what's going on, where, why, and -- if possible -- when it will end.
These are increasingly tough questions to answer in the case of the European crisis. Debt markets, cajoled by massive government interventions ever since the big 2007-2009 plunge, are now facing economic and political reality, in other words, uncertainty.
With Greece trapped by the euro, it's unable to have a normal currency slide to adjust to the situation. As noted by Mohamed El-Erian, chief executive and investment officer of bond-investment giant Pimco, solving the crisis could be a long, drawn-out process.
Yet with stocks now firmly focused on the crisis and its impact on other European countries and the euro-zone economy, the "when" question for stocks can only be measured in terms of how far the market had run up ahead of it, and how high bullish sentiment had risen.
And Miles to Go Before They Sleep [more]
http://finance.yahoo.com/banking-bu...-they-sleep?sec=topStories&pos=6&asset=&ccode=
Rod
Well-known member
James48843
Well-known member
Jobs up 290,000; jobless rate rises to 9.9 pct.
Jobs grow by most in 4 years; jobless rate rises 9.9 pct. as people resume searches
Jeannine Aversa, AP Economics Writer,
On Friday May 7, 2010, 9:01 am
WASHINGTON (AP) -- More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 percent as people streamed back into the market looking for work.
The hiring of 66,000 temporary government workers to conduct the census helped overall payroll growth last month. However, private employers -- the backbone of the economy -- boosted jobs, too. They added a surprisingly strong 231,000 positions last month, also the most since March 2006, the Labor Department reported Friday.
The unemployment rate rose from 9.7 percent in March to 9.9 percent in April, mainly because 805,000 jobseekers -- perhaps feeling better about their prospects -- resumed their searches for work.
Many economists have predicted the unemployment rate would rise as people come back into the labor force. The jobless rate hit 10.1 percent in October, a 26-year high.
Job gains in April were widespread. Manufacturers, construction companies, retailers, professional and business services, education and health services, leisure and hospitality, and government all showed gains. Among the weak spots: transportation and warehousing, and information companies, which all all cut jobs last month.
Also encouraging: The employment picture in both March and April turned out to be stronger than previously thought. Payrolls grew by 230,000 in March, better than the 162,000 first reported. And, 39,000 jobs were actually added in February, an improvement from the previous estimate of 14,000 losses.
Friday's report sketched out a picture of a healing jobs market and an economy picking up momentum in the early spring. The improvements, however, were taking place before the stock market plunged this week on concerns that the European debt crisis could spread. There are fears the crisis could make companies more cautious about hiring in the future, economists warned.
All told, 15.3 million people were out of work in April.
Counting people who have given up looking for work and part-timers who would prefer to be working full time, the so-called underemployment rate rose to 17.1 in April. That's close to the record high of 17.4 percent in October and shows just how difficult it is for jobseekers to find work.
Another grim statistic: The number of people out of work six months or longer reached 6.7 million in April, a new high. These people made up 45.9 percent of all unemployed people, also a record high.
Hiring isn't expected to be robust enough anytime soon to lower the unemployment rate much. Economists think it will remain above 9 percent by the November midterm elections. That could make Democratic and Republican incumbents in Congress vulnerable.
Just 21 percent of Americans consider the economy in good condition, according to an Associated Press-GfK Poll conducted April 7-12.
Nationwide, average hourly earnings edged up to $22.47 in April, from $22.46. Lackluster wage gains are a big reason consumers are still hesitant to spend lavishly, making for a more subdued economic recovery.
For employers to boost hiring significantly, the economy would need to grow at an annual rate of 6 percent to 8 percent a quarter, rather than the 3.2 percent pace logged in the first three months of this year, economists say. Such growth would mean shoppers were spending much more freely. That would give companies confidence that sales gains would last.
That scenario isn't likely.
High unemployment and sluggish wage gains are likely to prevent consumers from going on spending sprees any time soon. Small businesses, which usually help drive job creation during recoveries, are having trouble getting loans. That tight credit is crimping their ability to expand operations and hire.
Europe's debt crisis will probably dampen demand for U.S. exports. And the debt crisis may continue to weigh on markets. Thursday's stock market plunge -- the Dow Jones industrial average dropped nearly 1,000 points before recovering two-thirds of its losses -- introduced fresh uncertainties.
Many economists think it will take until at least the middle of the decade to lower the unemployment rate to a more normal 5.5 percent to 6 percent.
Jobs grow by most in 4 years; jobless rate rises 9.9 pct. as people resume searches
Jeannine Aversa, AP Economics Writer,
On Friday May 7, 2010, 9:01 am
WASHINGTON (AP) -- More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 percent as people streamed back into the market looking for work.
The hiring of 66,000 temporary government workers to conduct the census helped overall payroll growth last month. However, private employers -- the backbone of the economy -- boosted jobs, too. They added a surprisingly strong 231,000 positions last month, also the most since March 2006, the Labor Department reported Friday.
The unemployment rate rose from 9.7 percent in March to 9.9 percent in April, mainly because 805,000 jobseekers -- perhaps feeling better about their prospects -- resumed their searches for work.
Many economists have predicted the unemployment rate would rise as people come back into the labor force. The jobless rate hit 10.1 percent in October, a 26-year high.
Job gains in April were widespread. Manufacturers, construction companies, retailers, professional and business services, education and health services, leisure and hospitality, and government all showed gains. Among the weak spots: transportation and warehousing, and information companies, which all all cut jobs last month.
Also encouraging: The employment picture in both March and April turned out to be stronger than previously thought. Payrolls grew by 230,000 in March, better than the 162,000 first reported. And, 39,000 jobs were actually added in February, an improvement from the previous estimate of 14,000 losses.
Friday's report sketched out a picture of a healing jobs market and an economy picking up momentum in the early spring. The improvements, however, were taking place before the stock market plunged this week on concerns that the European debt crisis could spread. There are fears the crisis could make companies more cautious about hiring in the future, economists warned.
All told, 15.3 million people were out of work in April.
Counting people who have given up looking for work and part-timers who would prefer to be working full time, the so-called underemployment rate rose to 17.1 in April. That's close to the record high of 17.4 percent in October and shows just how difficult it is for jobseekers to find work.
Another grim statistic: The number of people out of work six months or longer reached 6.7 million in April, a new high. These people made up 45.9 percent of all unemployed people, also a record high.
Hiring isn't expected to be robust enough anytime soon to lower the unemployment rate much. Economists think it will remain above 9 percent by the November midterm elections. That could make Democratic and Republican incumbents in Congress vulnerable.
Just 21 percent of Americans consider the economy in good condition, according to an Associated Press-GfK Poll conducted April 7-12.
Nationwide, average hourly earnings edged up to $22.47 in April, from $22.46. Lackluster wage gains are a big reason consumers are still hesitant to spend lavishly, making for a more subdued economic recovery.
For employers to boost hiring significantly, the economy would need to grow at an annual rate of 6 percent to 8 percent a quarter, rather than the 3.2 percent pace logged in the first three months of this year, economists say. Such growth would mean shoppers were spending much more freely. That would give companies confidence that sales gains would last.
That scenario isn't likely.
High unemployment and sluggish wage gains are likely to prevent consumers from going on spending sprees any time soon. Small businesses, which usually help drive job creation during recoveries, are having trouble getting loans. That tight credit is crimping their ability to expand operations and hire.
Europe's debt crisis will probably dampen demand for U.S. exports. And the debt crisis may continue to weigh on markets. Thursday's stock market plunge -- the Dow Jones industrial average dropped nearly 1,000 points before recovering two-thirds of its losses -- introduced fresh uncertainties.
Many economists think it will take until at least the middle of the decade to lower the unemployment rate to a more normal 5.5 percent to 6 percent.
James48843
Well-known member
So- jobs up, more than expected. But the jobless rate is up too.
More turmoil in the markets today?
More turmoil in the markets today?
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