Author Topic: Dow Crash Coming To Your 401K (2007 to 2022) (Read 462159 times)

Neurotoxin · « **Reply #1075 on:** June 12, 2008, 04:08:15 AM »

guys.....

Credit crisis expands, hitting all kinds of consumer loans

WASHINGTON — The credit crisis triggered by bad home loans is spreading to other areas, forcing banks to tighten credit and probably extending the credit crisis that's dragging down the economy well into next year, and perhaps beyond.

NT

Neurotoxin · « **Reply #1076 on:** June 12, 2008, 04:26:58 AM »

guys, the best you can hope for in this current market is intermittent short cover rallies as we head lower, nothing more.

NT

Neurotoxin · « **Reply #1077 on:** June 12, 2008, 05:47:11 AM »

U.S. weekly initial jobless claims rise 25,000 to 384,000

June 12, 2008
WASHINGTON (MarketWatch) -- Initial jobless claims jumped by 25,000 in the week ending June 7, to 384,000, the Labor Department reported Thursday. Continuing unemployment claims posted a gain of 58,000, pushing the number up to 3.14 million for the week ending May 31.

NT

Neurotoxin · « **Reply #1078 on:** June 12, 2008, 05:51:07 AM »

U.S. Retail Sales Increase Twice as Much as Forecast

By Bob Willis

June 12 (Bloomberg) -- Retail sales in the U.S. rose twice as much as forecast in May as Americans used their tax rebates to shop at electronics and department stores, and record gasoline prices swelled service-station receipts.

guys, keep in mind gasoline sales are mixed in with retail sales.

NT

stormshadow · « **Reply #1079 on:** June 12, 2008, 06:06:37 AM »

Quote from: Neurotoxin on June 12, 2008, 05:51:07 AM

guys, keep in mind gasoline sales are mixed in with retail sales.

NT

Are you kidding me? This Bullshit never stops.

Neurotoxin · « **Reply #1080 on:** June 13, 2008, 03:04:18 AM »

Housing pain spreads: Foreclosures jump nearly 50%

June 13, 2008
WASHINGTON — The number of U.S. homeowners swept up in the housing crisis rose further last month, with foreclosures up nearly 50% compared with a year earlier, a foreclosure listing company said Friday.

NT

Neurotoxin · « **Reply #1081 on:** June 13, 2008, 03:34:49 AM »

guys, today Consumer Sentiment and CPI (inflation) numbers will be released. if unfavorable, testing the Jan and March lows would be anticipated IMO.

the $64,000 question is: how cooked will the CPI number be ?

NT

Neurotoxin · « **Reply #1082 on:** June 13, 2008, 06:12:22 AM »

month over month CPI up from .5 to .6

CPI minus food and energy unchanged at .2

NT

Bindare_Dundat · « **Reply #1083 on:** June 13, 2008, 06:25:36 AM »

US inflation rose at its fastest pace for six months in May because of sharply higher energy costs.

Consumer prices rose 0.6% last month, government figures showed, the steepest monthly increase since last November.

Gasoline costs surged by 5.7% last month, driven by the soaring global cost of oil which recently hit more than $139 a barrel.

Rising inflation is a worry for the Federal Reserve, which has cut rates aggressively to stimulate growth.

Neurotoxin · « **Reply #1084 on:** June 13, 2008, 06:28:43 AM »

U.S. Consumer Prices Rise 0.6% as Fuel Costs Climb

June 13 (Bloomberg) -- U.S. consumer prices rose more than forecast in May as Americans paid more for fuel, underscoring the Federal Reserve's concern that inflation will pick up.

The consumer price index increased 0.6 percent, the most since November, after a 0.2 percent gain the prior month, the Labor Department said today in Washington. So-called core prices, which exclude food and energy, increased 0.2 percent, matching the median estimate of economists surveyed by Bloomberg News.

NT

Neurotoxin · « **Reply #1085 on:** June 13, 2008, 01:50:25 PM »

Quote from: Neurotoxin on June 13, 2008, 06:12:22 AM

month over month CPI up from .5 to .6

CPI minus food and energy unchanged at .2

NT

the government reported "tame" core inflation today. shorts covered, Dow up 165.00 points.

NT

Neurotoxin · « **Reply #1086 on:** June 13, 2008, 01:53:57 PM »

June 13, 2008 (MarketWatch) -- Stocks rallied on Friday, but posted mixed weekly performance, as fears over inflation were somewhat abated by a rising dollar, a drop in crude-oil prices, and a report showing May consumer prices were in line, excluding food and energy

NT

Neurotoxin · « **Reply #1087 on:** June 16, 2008, 08:48:47 AM »

U.S. Stocks Fall on Economic, Energy Concerns.

June 16 (Bloomberg) -- U.S. stocks fell, adding to two straight weeks of losses for the Standard & Poor's 500 Index, after the Federal Reserve reported a bigger-than-forecast drop in New York manufacturing and oil jumped to a record.

NT

Bindare_Dundat · « **Reply #1088 on:** June 16, 2008, 08:55:13 AM »

Lehman Brothers posts $2.8bn loss

US investment bank Lehman Brothers has posted a quarterly loss of $2.8bn (£1.4bn), the first for the Wall Street bank since it went public in 1994.

America's fourth largest investment bank blamed the loss on a series of trades and hedges that went wrong.

The bank last week announced it needed $6bn in fresh capital to shore up its finances and demoted two senior directors to lift investor confidence.

Lehman Brother shares have fallen 60% this year.

Chief executive Richard Fuld said the firm was taking steps to ensure this quarter's "unacceptable performance" was not repeated.

Lehman said it had cut its exposure to residential and commercial mortgages and other property-related investments by 20%.

Like the rest of the sector, Lehman shares have been hit by the subprime mortgage meltdown and the global credit crunch.

Last week, the bank warned that it would report a quarterly loss - driving its shares down more than 20%.

The news triggered a crisis of confidence in the company's management, and forced the demotion of Chief Financial Officer Erin Callan and Chief Operating Officer Joseph Gregory.

However, traders took comfort from comments from Lehman bosses on Monday that the worst may be over for the investment bank, sending shares up 7%.

Global banks and brokerages have written down nearly $300bn worth of assets because of exposure to America's subprime mortgage market.

Neurotoxin · « **Reply #1089 on:** June 16, 2008, 09:35:30 AM »

guys, this market has serious problems. too much game playing and manipulation by the PPT.

until we capitulate, i'd be very careful.

NT

benz · « **Reply #1090 on:** June 16, 2008, 10:10:36 AM »

Quote from: Neurotoxin on June 16, 2008, 09:35:30 AM

guys, this market has serious problems. too much game playing and manipulation by the PPT.

until we capitulate, i'd be very careful.

NT

Sure "neurowallstreetplayer"

Neurotoxin · « **Reply #1091 on:** June 16, 2008, 11:05:51 AM »

Quote from: Alex23 on November 13, 2007, 05:42:39 PM

Hahahaahha ok "Neurotoxin" aka "Walt Street" player...

oil will be down to 70 by christmas time.

June 16, 2008
NEW YORK (CNNMoney.com) -- As the dollar weakened, oil prices spiked more than $5 a barrel on Monday to a trading record of $139.89

NT

Neurotoxin · « **Reply #1092 on:** June 16, 2008, 02:26:31 PM »

Economy forces major shift in spending
Consumers stay home and opt for frozen foods, Spam and crafts

June 15, 2008 (MarketWatch) -- Wondering how consumers are coping in such a troubled economy? Look at what's selling instead of which sales are tanking.

As consumers muddle through all that is plaguing the U.S. economy, they have battened down the hatches and sharply shifted their spending habits, turning to money-saving options that run the gamut from transportation to health as they find ways to pay for dramatic increases in gasoline and food.

"Suddenly consumers are focused on buying what they have to have as opposed to buying what they want to have,"

"This is a permanent change for Americans, who will face a declining standard of living over the next 20 years,"

NT

Bindare_Dundat · « **Reply #1093 on:** June 16, 2008, 08:27:58 PM »

By LOUISE STORY
Published: June 16, 2008

Only a year ago, Wall Street reveled in an era of superlatives: record deals, record profit, record pay. But a mere 12 months later, nearly half of the profits that major banks reaped during that age of riches have vanished.

The numbers are staggering. Between early 2004 and mid-2007, a period of unprecedented wealth on Wall Street, seven of the nation’s largest financial companies earned a combined $254 billion in profits.

But since last July, those same banks — Bank of America, Citigroup, JPMorgan Chase, Lehman Brothers, Merrill Lynch, Goldman Sachs and Morgan Stanley — have written down the value of the assets they hold by $107.2 billion, gutting their earnings and share prices. Worldwide, the reckoning totals $380 billion, much of which reflects a plunge in the value of tricky mortgage investments.

More downbeat news is expected this week, when several big banks, including the ailing Lehman Brothers, are scheduled to report results for the latest quarter. As the tally of losses keeps growing, many bank executives — and their shareholders — keep asking the same question: When will the pain end?

Neurotoxin · « **Reply #1094 on:** June 17, 2008, 05:52:56 AM »

U.S. Producer Prices Rise 1.4% in May; Core Rate Increases 0.2%

June 17 (Bloomberg) -- Prices paid to U.S. producers rose more than forecast in May as higher fuel and food costs heightened the threat of inflation.

The 1.4 percent jump was the biggest gain since November and followed a 0.2 percent increase in April, the Labor Department said today in Washington.

Companies are paying more for energy and raw materials, which erodes profits and makes it more likely they'll be forced to raise prices

NT

Neurotoxin · « **Reply #1095 on:** June 17, 2008, 05:55:47 AM »

U.S. Housing Starts Drop to Lowest Level in 17 Years

June 17 (Bloomberg) -- Builders in the U.S. broke ground in May on the fewest houses in 17 years, signaling declines in construction still represent the biggest risk to the economy.

Housing starts fell 3.3 percent to a 975,000 pace from a revised 1.008 million in April, the Commerce Department said today in Washington. The reading was below economists' forecasts and the lowest since March 1991. Building permits, a sign of future construction, fell 1.3 percent to a 969,000 rate.

Rising foreclosures, higher mortgage rates and declining property values threaten to keep home sales depressed in coming months, discouraging builders from starting new projects.

NT

Neurotoxin · « **Reply #1096 on:** June 17, 2008, 06:08:23 AM »

Goldman Drops Less-Than-Estimated 11% on Debt Losses

June 17 (Bloomberg) -- Goldman Sachs Group Inc., the world's biggest securities firm, said second-quarter profit fell a less-than-estimated 11 percent as gains in commodities, prime brokerage and asset management offset fixed-income losses.

guys, Goldman Sachs is the "key player" in the PPT. (IMO)

always watch GS.

NT

Neurotoxin · « **Reply #1097 on:** June 17, 2008, 06:16:05 AM »

U.S. Stock Futures Gain as Goldman Sachs Profit Tops Estimates

June 17 (Bloomberg) -- U.S. stock-index futures rose after earnings at Goldman Sachs Group Inc. topped analysts' estimates, overshadowing a bigger-than-forecast drop in housing starts.

NT

Saxon · « **Reply #1098 on:** June 17, 2008, 07:33:56 AM »

Quote from: Neurotoxin on June 16, 2008, 02:26:31 PM

"This is a permanent change for Americans, who will face a declining standard of living over the next 20 years,"

Who the fuck makes up this shit? They must have one serious crystal ball to see what Americans standard of living will be in 20 years. An unbelievable piece of sensational journalism.

Saxon · « **Reply #1099 on:** June 18, 2008, 05:50:13 AM »

Quote from: Neurotoxin on June 18, 2008, 03:44:20 AM

if you take the time to do a little research, amazingly you'll find that over the last 20 years the standard of living for middle class americans has GONE DOWN.

sensational journalism ? i think not.

NT

They are talking about the future, for all Americans. How the fuck can anyone with any knowledge of economics or history make a prediction like that? Sensational journalism at its best.

But point me in the direction of some academic papers showing me this decline in the standards of living over the past 20 years, I'm not American but would be interested in reading the research.