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nasa1974's Account Talk
- Thread starter nasa1974
- Start date
It looks like Wall Street is observing Earth Day and going green.
au contrare, mon frer. talk about a roller coaster ride ...
I hate 3:30 to 4:00.
This is an E-mail that has been circulating through a few mailboxes. I think it is a great idea. But it will never happen.
Subject: I Love This Plan
This is from an article in the St. Petersburg Times Newspaper on Sunday.
The Business Section asked readers for ideas on "How Would You Fix the
Economy?"
I think this guy nailed it!
Dear Mr. President,
Please find below my suggestion for fixing America 's economy. Instead
Of giving billions of dollars to companies that will squander the money
On lavish parties and unearned bonuses, use the following plan. You can
Call it the Patriotic Retirement Plan:
There are about 40 million people over 50 in the work force. - Pay them
$1 million apiece severance for early retirement with the following
Stipulations:
1) They MUST retire. Forty million job openings - Unemployment fixed.
2) They MUST buy a new American CAR. Forty million cars ordered - Auto
Industry fixed.
3) They MUST either buy a house or pay off their mortgage - Housing
Crisis fixed.
It can't get any easier than that!
P.S. If more money is needed, have all members in Congress and their
Constituents pay their taxes...
If you think this would work, please forward to everyone you know. If
Not, please disregard.
Subject: I Love This Plan
This is from an article in the St. Petersburg Times Newspaper on Sunday.
The Business Section asked readers for ideas on "How Would You Fix the
Economy?"
I think this guy nailed it!
Dear Mr. President,
Please find below my suggestion for fixing America 's economy. Instead
Of giving billions of dollars to companies that will squander the money
On lavish parties and unearned bonuses, use the following plan. You can
Call it the Patriotic Retirement Plan:
There are about 40 million people over 50 in the work force. - Pay them
$1 million apiece severance for early retirement with the following
Stipulations:
1) They MUST retire. Forty million job openings - Unemployment fixed.
2) They MUST buy a new American CAR. Forty million cars ordered - Auto
Industry fixed.
3) They MUST either buy a house or pay off their mortgage - Housing
Crisis fixed.
It can't get any easier than that!
P.S. If more money is needed, have all members in Congress and their
Constituents pay their taxes...
If you think this would work, please forward to everyone you know. If
Not, please disregard.
This is an E-mail that has been circulating through a few mailboxes. I think it is a great idea. But it will never happen.
Dear Mr. President,
Please find below my suggestion for fixing America 's economy. Instead
Of giving billions of dollars to companies that will squander the money
On lavish parties and unearned bonuses, use the following plan. You can
Call it the Patriotic Retirement Plan:
There are about 40 million people over 50 in the work force. - Pay them
$1 million apiece severance for early retirement with the following Stipulations:
1) They MUST retire. Forty million job openings - Unemployment fixed.
2) They MUST buy a new American CAR. Forty million cars ordered - Auto Industry fixed.
3) They MUST either buy a house or pay off their mortgage - Housing Crisis fixed.
It can't get any easier than that!
P.S. If more money is needed, have all members in Congress and their Constituents pay their taxes...
If you think this would work, please forward to everyone you know. If
Not, please disregard.
Now thats what I'm talking about !
WOW!! Talk about opposites. Yesterday looked like it would be a nice green day and BAM the last half hour sold off. 
Today looked red and the same thing happened late in the day but we went green. :blink: This is enough to drive you to drinking. By the way have a great evening I going to sit in front of the TV and have a few brewskies. Goodnight!!!
Today looked red and the same thing happened late in the day but we went green. :blink: This is enough to drive you to drinking. By the way have a great evening I going to sit in front of the TV and have a few brewskies. Goodnight!!!
CrabClaw
Well-known member
WOW!! Talk about opposites. Yesterday looked like it would be a nice green day and BAM the last half hour sold off.
It is wonderful when you have to make your IFT decisions at Noon Eastern and then get burned one way or the other in the last hour of the session. That has happened to me twice this year
Hang on to your socks everyone. 2 o'clock is going to be the witching hour today. I highlighted the part of the article below that may make us or break us today. GOOD LUCK TO ALL OF US.:blink:
Reassuring earnings lift Wall Street, stress test eyed
Struggling automaker Ford Motor Co (NYSE:F - News) was among the bright spots in a busy week for earnings reports, saying on Friday it was on track to at least break even in 2011, while credit card company American Express Co (NYSE:AXP - News) reported results late on Thursday that beat Wall Street's expectations. Shares of American Express popped up almost 16 percent and gave the biggest boost to the Dow.
Energy shares also climbed as the price of oil rose back above $51 a barrel and results from top oilfield services company Schlumberger Ltd (NYSE:SLB - News) beat expectations.
Software giant Microsoft Corp (NasdaqGS:MSFT - News) gave the biggest lift on the Nasdaq, up 8.3 percent at $20.49, after investors cheered cost-cutting efforts and appeared to be relieved that the release of its Windows 7 operating system was on track, overlooking a fall in profits.
On the economic front, government data showed durable goods orders slipped in March, but fell far less than Wall Street expected. Sales of new single-family homes dropped, but inventories plummeted at a record pace.
"We've had the biggest earnings week of the year and for the most part, come through pretty well," said Michael James, senior trader at Wedbush Morgan in Los Angeles.
"Big names are giving better results, and that is the main driver of the market today."
The Dow Jones industrial average (DJI:^DJI - News) gained 133.73 points, or 1.68 percent, to 8,090.79. The Standard & Poor's 500 Index (^SPX - News) added 15.47 points, or 1.82 percent, to 867.39. The Nasdaq Composite Index (Nasdaq:^IXIC - News) rose 40.74 points, or 2.47 percent, to 1,692.95.
A concept paper on the government stress tests for the 19 biggest U.S. financial institutions is set to be released at 2 p.m. EDT, according to a source familiar with the process.
"The market will have a significant move after that data comes out, one way or the other," Wedbush Morgan's James added.
The paper will describe regulators' evaluation of how the institutions would fare if the economy took an even sharper turn for the worse. The KBW Bank index (Philadelphia:^BKX - News) was up 1.1 percent at midday.
Ford, mired in the auto sector's deep downturn, posted a smaller-than-expected loss and said it did not expect to seek government loans. Ford's stock rose 16.3 percent to $5.22.
A day after posting results, American Express (NYSE:AXP - News) gave the most fuel to the Dow's rise as it stock shot up 15.7 percent to $24.26.
In the energy sector, Schlumberger (NYSE:SLB - News) shares jumped 7.3 percent to $50.00.
Chevron also ranked among the Dow's biggest advancers, up 2.4 percent at $67.10 as front-month U.S. crude oil futures rose almost 4 percent, or $1.82, to $51.44 a barrel.
Shares of online retail giant Amazon.com (NasdaqGS:AMZN - News), up 6.4 percent at $85.76, gave another boost to the Nasdaq after beating profit and sales estimates.
The S&P 500 index is down 0.4 percent for the week. If it ends the week lower, it will snap a six-week streak of gains.
But if the S&P shifts gears to turn higher for the week, this will mark its first seven-week winning streak since early May 2007.
Since the bear market closing low hit on March 9, the S&P 500 has climbed 28.2 percent.
Reassuring earnings lift Wall Street, stress test eyed
- On Friday April 24, 2009, 12:46 pm EDT
Struggling automaker Ford Motor Co (NYSE:F - News) was among the bright spots in a busy week for earnings reports, saying on Friday it was on track to at least break even in 2011, while credit card company American Express Co (NYSE:AXP - News) reported results late on Thursday that beat Wall Street's expectations. Shares of American Express popped up almost 16 percent and gave the biggest boost to the Dow.
Energy shares also climbed as the price of oil rose back above $51 a barrel and results from top oilfield services company Schlumberger Ltd (NYSE:SLB - News) beat expectations.
Software giant Microsoft Corp (NasdaqGS:MSFT - News) gave the biggest lift on the Nasdaq, up 8.3 percent at $20.49, after investors cheered cost-cutting efforts and appeared to be relieved that the release of its Windows 7 operating system was on track, overlooking a fall in profits.
On the economic front, government data showed durable goods orders slipped in March, but fell far less than Wall Street expected. Sales of new single-family homes dropped, but inventories plummeted at a record pace.
"We've had the biggest earnings week of the year and for the most part, come through pretty well," said Michael James, senior trader at Wedbush Morgan in Los Angeles.
"Big names are giving better results, and that is the main driver of the market today."
The Dow Jones industrial average (DJI:^DJI - News) gained 133.73 points, or 1.68 percent, to 8,090.79. The Standard & Poor's 500 Index (^SPX - News) added 15.47 points, or 1.82 percent, to 867.39. The Nasdaq Composite Index (Nasdaq:^IXIC - News) rose 40.74 points, or 2.47 percent, to 1,692.95.
A concept paper on the government stress tests for the 19 biggest U.S. financial institutions is set to be released at 2 p.m. EDT, according to a source familiar with the process.
"The market will have a significant move after that data comes out, one way or the other," Wedbush Morgan's James added.
The paper will describe regulators' evaluation of how the institutions would fare if the economy took an even sharper turn for the worse. The KBW Bank index (Philadelphia:^BKX - News) was up 1.1 percent at midday.
Ford, mired in the auto sector's deep downturn, posted a smaller-than-expected loss and said it did not expect to seek government loans. Ford's stock rose 16.3 percent to $5.22.
A day after posting results, American Express (NYSE:AXP - News) gave the most fuel to the Dow's rise as it stock shot up 15.7 percent to $24.26.
In the energy sector, Schlumberger (NYSE:SLB - News) shares jumped 7.3 percent to $50.00.
Chevron also ranked among the Dow's biggest advancers, up 2.4 percent at $67.10 as front-month U.S. crude oil futures rose almost 4 percent, or $1.82, to $51.44 a barrel.
Shares of online retail giant Amazon.com (NasdaqGS:AMZN - News), up 6.4 percent at $85.76, gave another boost to the Nasdaq after beating profit and sales estimates.
The S&P 500 index is down 0.4 percent for the week. If it ends the week lower, it will snap a six-week streak of gains.
But if the S&P shifts gears to turn higher for the week, this will mark its first seven-week winning streak since early May 2007.
Since the bear market closing low hit on March 9, the S&P 500 has climbed 28.2 percent.
Good thing the market closed when it did. :worried: A late run in all funds that had all of them dropping quickly just before 4pm.:blink: Great finish for the week after that huge sell off middle of the week. Not sure why I stayed put but next week and the first week in May might be scary. However, historically May has been a good month. Everyone have a great weekend and enjoy the weather.
The FRTIB finally posted the February meeting minutes. Here is the link.
http://www.frtib.gov/pdf/minutes/2009Feb.pdf
Haven't read them yet, too nice of a day and the honey-do list is pretty long.
Have a great weekend folks.
http://www.frtib.gov/pdf/minutes/2009Feb.pdf
Haven't read them yet, too nice of a day and the honey-do list is pretty long.
Have a great weekend folks.
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