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nnuut said:
Darn Republicians!!!! But it's good to buy Low, right?:D I need a stiff DRINK!!
Click to expand...

I swear this has to be some kind of conspiracy. How can it be this bail out bill can make it through the House, and doesn't have the votes to make it through the Senate? And the press didn't already know this?

The press waits till today to announce the Republicans won’t pass it? Somebody made some good money today… :suspicious:
 
Bailouts are killin' me! The majority of the money I've lost in this CRASH is due to chasing BAILOUTS!! Some people never learn. The Dems crashed this bailout!! Harry Reid voted against it, needed 60 votes only had 57. Looks like it's going to be a buying oppertunity to me.:mad:
 
I'm starting to think the best thing to do is to let the whole thing crash, and then be there with my 2 cents worth when we start rebuilding whatever follows..Crappolla!!!...Reid has got to be the worst Senate leader in many many years...Just IMHO..Whew I feel better now...:D:mad::nuts:

FS
 
FogSailing said:
I'm starting to think the best thing to do is to let the whole thing crash, and then be there with my 2 cents worth when we start rebuilding whatever follows..Crappolla!!!...Reid has got to be the worst Senate leader in many many years...Just IMHO..Whew I feel better now...:D:mad::nuts:

FS
Click to expand...
I feel the same way about Reid AND Pelosi!
A Little hope for today!!!!!:suspicious:

Treasury Vows to Prevent Auto Makers From Failing
http://www.cnbc.com/id/28193063#http://www.cnbc.com/id/28193063#


The Treasury threw a lifeline to the beleaguered US car industry, saying it is ready to prevent the failure of auto makers until Congress reconvenes next month.
"Because Congress failed to act, we will stand ready to prevent an imminent failure until Congress reconvenes and acts to address the long-term viability of the industry,'' Treasury spokeswoman Brookly McLaughlin said.
​

The announcement came shortly after the White House said it will consider using the $700 billion Wall Street bailout fund to rescue the auto industry after the Senate refused to pass a $14 billion bailout plan late Thursday night.
"The current weakened state of the economy is such that it could not withstand a body blow like a disorderly bankruptcy in the auto industry," White House press secretary Dana Perino said.
The Bush administration has repeatedly opposed using the bailout fund, saying it was designed specifically to restore stability to the financial sector. But the White House said Friday it must reconsider after the Senate failed to agree on rescue plan late Thursday.
Lawmakers from both parties called on the Bush administration to tap into the $700 billion fund, known as Troubled Asset Relief Program, or TARP.

[more]
http://www.cnbc.com/id/28193063
 
nnuut said:
I feel the same way about Reid AND Pelosi!
A Little hope for today!!!!!:suspicious:

Treasury Vows to Prevent Auto Makers From Failing



The Treasury threw a lifeline to the beleaguered US car industry, saying it is ready to prevent the failure of auto makers until Congress reconvenes next month.
"Because Congress failed to act, we will stand ready to prevent an imminent failure until Congress reconvenes and acts to address the long-term viability of the industry,'' Treasury spokeswoman Brookly McLaughlin said.

The announcement came shortly after the White House said it will consider using the $700 billion Wall Street bailout fund to rescue the auto industry after the Senate refused to pass a $14 billion bailout plan late Thursday night.
"The current weakened state of the economy is such that it could not withstand a body blow like a disorderly bankruptcy in the auto industry," White House press secretary Dana Perino said.
The Bush administration has repeatedly opposed using the bailout fund, saying it was designed specifically to restore stability to the financial sector. But the White House said Friday it must reconsider after the Senate failed to agree on rescue plan late Thursday.
Lawmakers from both parties called on the Bush administration to tap into the $700 billion fund, known as Troubled Asset Relief Program, or TARP.

[more]
http://www.cnbc.com/id/28193063
Click to expand...

How is this possible. GMAC is not a bank.
 
Markets UP at 15:00, that is a really GOOD sign-------:D UP WE GO!!!!!!!:laugh::D
Well, sometimes ----- that's what Jim Cramer said on CNBC at 14:50:notrust:
 
Last edited:
I think it may be from walking barefoot in the chicken coop!:laugh:

Amish gene 'limits heart disease'


_45290227_003033296-1.jpg
The Amish population is best known for avoiding modern technology


A gene mutation which protects the heart against a high-fat diet has been found in the Amish population.
Researchers found 5% of the US Amish population in Lancaster, Pennsylvania have a mutation in a protein which breaks down fatty particles. Those with the mutation had higher levels of "good" HDL-cholesterol and lower levels of "bad" LDL-cholesterol, the journal Science reported. It is hoped the finding will lead to new therapies to reduce cholesterol. [more]
http://newsvote.bbc.co.uk/2/hi/health/7778364.stm
 
I receive this report weekly from Mike Burk, it's free and the emails come with charts and graphics, try it you'll like it!!:D


Technical market report for December 13, 2008

The good news is:
· New lows have continued to decline.
Short Term
On October 10 88% of the issues traded on the NYSE hit new lows, the highest percentage, by almost double, ever recorded. The high percentage of issues hitting new lows makes unlikely we will see significant numbers of new highs any time soon.

Reported new highs and new lows have been calculated on an intraday trailing 52 week basis since the 1st of 1978.

I calculate new highs and new lows on a closing basis over the trailing 6 weeks on all of the major indices. The shorter time frame gives the indicators a little more life at times like these.

The chart below covers the past 6 months showing the S&P 500 (SPX) in red and a 10% trend (19 day EMA) of new highs of the component issues of the SPX in green.

The indicator is most revealing when, on a daily basis, it goes in the opposite direction of prices. On Wednesday and Friday last week, the indicator fell or was flat when prices rose.

The next chart is similar to the one above except it covers the same period a year earlier.

Lack of strength in this indicator makes the recent rally suspect.

The next chart offers a different take on the data.
The index is the Russell 2000 (R2K) and the indicator is a running total of new lows subtracted from new highs (An Advance - Decline Line of new highs and new lows). Similar to the data used in the charts above, new highs and new lows have been calculated on a trailing 6 week basis from the component issues of the R2K.

The chart covers the past year.
The indicator has remained flat in spite of a 21% rally in the index in the past month.

Intermediate term
We like to see volume increase as prices rise and that has not been happening. A few days either side of Thanksgiving often record the lowest volume of the year, however, volume has continued to fall during the recent rally.

The chart below covers the past 6 months showing the NASDAQ composite (OTC) in blue and a 5% trend (39 day EMA) of NASDAQ volume in orange. Volume has been declining since Thanksgiving.

Seasonality
Next week is the week prior to the 3rd Friday in December during the 4th year of the Presidential Cycle.

The tables show the daily return on a percentage basis for the week prior to the 3rd Friday of December during the 4th year of the Presidential Cycle. OTC data covers the period from 1963 - 2007 and SPX data from 1953 - 2007. Â Â There are summaries for both the 4th year of the Presidential Cycle and all years combined. Prior to 1953 the market traded 6 days a week so that data has been ignored.

A big down week in 2000 skews the OTC averages negatively, otherwise, over all periods there have been modest gains with the indices up a little over half of the time.
Report for the week before the 3rd Friday of December
The number following the year is the position in the presidential cycle.
Daily returns from Monday through 3rd Friday.
OTC Presidential Year 4
Year Mon Tue Wed Thur Fri Totals
1964-4 0.41% -0.05% -0.21% 0.14% 0.11% 0.42%
1968-4 0.03% 0.42% 0.00% -0.29% -0.08% 0.09%
1972-4 -0.24% -0.42% -0.45% -0.25% 0.15% -1.20%
1976-4 0.00% 0.03% 0.29% 0.01% -0.31% 0.02%
1980-4 0.32% 0.03% 1.12% 1.54% 0.46% 3.46%
1984-4 -0.24% 2.09% 0.59% -0.16% -0.09% 2.19%
Avg -0.03% 0.43% 0.38% 0.17% 0.03% 0.91%
1988-4 -0.27% -0.33% -0.06% 0.06% 0.75% 0.16%
1992-4 -0.16% -0.61% -0.17% 1.36% 0.43% 0.85%
1996-4 -1.86% 0.42% 1.50% 0.82% -0.56% 0.32%
2000-4 3.35% -2.76% -3.72% -3.34% -2.76% -9.23%
2004-4 0.96% 0.53% 0.13% -0.76% -0.51% 0.34%
Avg 0.40% -0.55% -0.46% -0.37% -0.53% -1.51%
OTC summary for Presidential Year 4 1964 - 2004
Avg 0.23% -0.06% -0.10% -0.08% -0.22% -0.23%
Win% 50% 55% 50% 55% 45% 82%
OTC summary for all years 1963 - 2007
Avg 0.02% 0.01% -0.04% 0.02% 0.16% 0.17%
Win% 51% 51% 50% 60% 58% 58%
SPX Presidential Year 4
Year Mon Tue Wed Thur Fri Totals
1956-4 0.00% 0.00% -0.24% -0.78% 0.65% -0.36%
1960-4 0.35% 0.05% -0.07% -0.28% 0.92% 0.97%
1964-4 -0.25% -0.28% 0.40% 0.42% 0.46% 0.75%
1968-4 -0.45% -0.41% 0.00% 0.29% -0.59% -1.16%
1972-4 0.22% -0.39% -0.08% -0.27% 0.02% -0.50%
1976-4 -0.07% 0.42% 0.07% -0.32% -0.52% -0.42%
1980-4 0.17% 0.89% 1.75% 0.08% 0.53% 3.42%
1984-4 0.49% 2.83% -0.57% -0.47% -0.52% 1.76%
Avg 0.07% 0.67% 0.29% -0.14% -0.22% 0.62%
1988-4 -0.18% -0.08% -0.36% -0.37% 0.73% -0.26%
1992-4 -0.21% -0.06% -0.24% 0.91% 1.34% 1.74%
1996-4 -1.05% 0.70% 0.76% 1.94% 0.42% 2.77%
2000-4 0.75% -0.65% -0.82% -1.40% -2.15% -4.26%
2004-4 0.90% 0.39% 0.19% -0.21% -0.75% 0.53%
Avg 0.04% 0.06% -0.09% 0.17% -0.08% 0.10%
SPX summary for Presidential Year 4 1956 - 2004
Avg 0.06% 0.29% 0.07% -0.04% 0.04% 0.38%
Win% 50% 50% 42% 38% 62% 54%
SPX summary for all years 1953 - 2007
Avg 0.06% 0.11% 0.07% 0.01% 0.18% 0.42%
Win% 56% 50% 54% 47% 58% 62%

Money supply (M2)
The chart below was provided by Gordon Harms.
Money supply has growth picked up a little over the past week.

Conclusion
Although most of the major indices were up last week there was very little strength in the short term indicators.
I expect the major indices to be lower on Friday December 19 than they were on Friday December 12.
This report is free to anyone who wants it, so please tell your friends.
They can sign up at:
http://alphaim.net/signup.html
If it is not for you, reply with REMOVE in the subject line.
All of the major indices were up last week except the Dow Jones Industrial Average which was down 0.07%. So I am calling last weeks positive forecast a tie.
Thank you,
Mike Burk
YTD W20/L18/T12
Disclaimer: Mike Burk is an employee and principal of Alpha Investment Management (Alpha) a registered investment advisor. Charts and figures presented herein are believed to be reliable but we cannot attest to their accuracy. Recent (last 10-15 yrs.) data has been supplied by CSI (csidata.com), FastTrack (fasttrack.net), Quotes Plus (qp2.com) and the Wall Street Journal (wsj.com). Historical data is from Barron's and ISI price books. The views expressed dare provided for information purposes only and should not be construed in any way as investment advice. Furthermore, the opinions expressed may change without notice.
You may reproduce these letters provided you include a citation along with a link to the subscription page: http://alphaim.net/signup.html
 
Thanks Nnut. Great information but i wish he had posted 1932, 1933, 1nd 1934. It would have given me that true Depression to Depression comparison...Where's my Valium...:D:D:D

FS
 
OK let's get with the program, get off the pot, coffee break is over!!:mad:

Bush Warns Auto Makers A Deal Is Not Imminent
Reuters | 14 Dec 2008 | 10:14 PM ET


U.S. President George W. Bush said on Monday an announcement on a auto industry rescue was not imminent, leaving the industry's fate clouded in uncertainty for a little longer.
chevrolet_dealership.jpg



"We're not quite ready to announce that yet," Bush told reporters on Air Force One during a flight from Baghdad on an unannounced visit to Afghanistan.
He had been asked when he might make an anticipated announcement about tapping a $700 billion financial industry bailout fund to aid General Motors Ford Motor and Chrysler.
Asked whether he was leaning toward using financial bailout funds, Bush said: "I signaled that that's a possibility."
Bush said a decision would not take long. White House spokeswoman Dana Perino said earlier that she had no timetable for a decision.
 
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The time to save is now. When a dog gets a bone, he doesn't go out and make a down payment on a bigger bone. He buries the one he's got.
Will Rogers

Best of luck today!!:D
Norman
 
its cold here, sleet,misty ,but we have deer chilli heaten up. 9 pounds deer,3 pounds of beef, 4 ea 2alarms:embarrest: , onions, 3 cans of corn,3 cans of chilli beans :eek:nothing like corn fed deer on a cold day :D
 
Hey NNUT! Just noticed your "Boiled Peanut", GA location. Love, Love, Love boiled peanuts! They are one of my favorites. Funny to see since many don't know anything about them!! Boy, what they are missing! lol
 
I LOVE freshly Boiled Green Peanuts, not from a roadside stand, cooked at home. Sprinkle some red pepper flakes in there to spice them up. OH YEAH!!:D
 
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