Author Topic: Dow Crash Coming To Your 401K (2007 to 2022) (Read 466239 times)

Neurotoxin · « **Reply #1250 on:** August 01, 2008, 12:45:08 PM »

gbers, as long as the banks and financials are being manipulated by the PPT, short term downside risk is very limited, despite bad economic news.

NT

Neurotoxin · « **Reply #1251 on:** August 04, 2008, 04:59:41 AM »

gbers, with the FOMC meeting on Tuesday. (IMO, interest rates unchanged) the shorting of financials off the table til Aug. 12th and with limited economic news this week, i'd expect the S@P to test 1,300 to the upside. (keep in mind this market is still very weak)

BTW, when the market finally turns and it's time to buy stocks longterm again, i'll post a large number of Exchange Traded Funds (ETF's) which act just like Mutual Funds WITHOUT any ridiculous broker fee's attached. IMO, Mutual Funds are for dumb money/suckers.

market fact: 80% of Mutual Funds UNDERPERFORM the overall market.

NT

Bindare_Dundat · « **Reply #1252 on:** August 04, 2008, 08:11:11 AM »

Consumer spending in the US slowed in June, official figures have shown, as Americans were hit by the biggest price rises since 1981. Inflation-adjusted spending fell 0.2% in June, the Commerce Department said.

Its inflation gauge rose 0.8% in the month, which was the biggest increase since February 1981's reading of 1.0%.
On Tuesday the Federal Reserve will announce its latest interest rates move with economists saying that inflation will make the decision tough.

The Fed is expected to keep interest rates unchanged, but there will be much interest in whether its statement expresses concerns about rising prices.
The rising prices helped limit the impact of the government's $168bn (£85bn) stimulus programme.

Neurotoxin · « **Reply #1253 on:** August 04, 2008, 08:19:55 AM »

Worst inflation in 27 years trumps tax rebates

WASHINGTON Aug. 4, 2008 -- The windfall of cash from Washington in June got eaten up by the worst inflation in 27 years, Commerce Department data showed Monday.

NT

Neurotoxin · « **Reply #1254 on:** August 04, 2008, 08:58:58 AM »

Quote from: Neurotoxin on August 01, 2008, 03:18:33 AM

IMO stay away from oil and commodities, as the big guys are beginning to exit these sectors. if you buy now as some have suggested, plan on losing your money.

NT

Neurotoxin · « **Reply #1255 on:** August 04, 2008, 09:06:39 AM »

Aug. 4 (WSJ) -- Crude oil fell below $120 a barrel for the first time since May.

Crude oil for September delivery fell $5.34, or 4.3 percent, to $119.76 a barrel at 11:42 a.m. on the New York Mercantile Exchange. New York oil futures have slipped more than $28 a barrel from the record $147.27 on July 11 as U.S. gasoline demand slowed, and a stronger dollar reduced the attraction of commodities as an investment.

Oil touched $119.50 a barrel, the lowest since May 6.

NT

Neurotoxin · « **Reply #1256 on:** August 04, 2008, 04:13:09 PM »

CRB Commodity Index Caps Biggest One-Day Decline Since March

Aug. 4 (Bloomberg) -- Plunging prices for cocoa, natural gas and sugar sent the Reuters/Jefferies CRB Index of 19 commodities to its biggest one-day decline since March.
The CRB index fell 3.4 percent to 401.98, which marks the largest slide since March 19. The gauge dropped to the lowest level since May 2 today, as did the UBS-Bloomberg Constant Maturity Commodity Index.

The CRB slid 10 percent in July, the most in any month since March 1980, when the U.S. economy was in a recession. A worsening global growth outlook and prospects for increased supply sent raw materials such as crude oil, soybeans and gasoline tumbling from records in the past month.

``Speculation had been driving these markets and they were due for a correction as so many prices had gotten overdone,'' said Peter Sorrentino, who helps manage $16.7 billion at Huntington Asset Advisors in Cincinnati.

NT

Neurotoxin · « **Reply #1257 on:** August 04, 2008, 04:15:49 PM »

Quote from: Neurotoxin on August 01, 2008, 03:18:33 AM

IMO stay away from oil and commodities, as the big guys are beginning to exit these sectors. if you buy now as some have suggested, plan on losing your money.

Neurotoxin · « **Reply #1258 on:** August 05, 2008, 04:57:45 AM »

Quote from: Neurotoxin on August 04, 2008, 04:59:41 AM

gbers, with the FOMC meeting on Tuesday. (IMO, interest rates unchanged) the shorting of financials off the table til Aug. 12th and with limited economic news this week, i'd expect the S@P to test 1,300 to the upside. (keep in mind this market is still very weak)

NT

opinion unchanged unless "big ben" raises interest rates. (which i do not expect)

traders market only. long term investors be patient, your time will come !

NT

Neurotoxin · « **Reply #1259 on:** August 05, 2008, 01:23:18 PM »

gbers, no surprise here.

NT

U.S. Stocks Advance as Oil Falls, Fed Leaves Rates Unchanged

Aug. 5 (Bloomberg) -- U.S. stocks rallied the most since April as oil retreated to a three-month low and the Federal Reserve predicted inflation will ease through next year.

The S&P 500 added 34.12, or 2.7 percent, to 1,283.13 at 3:51 p.m. in New York. The Dow Jones Industrial Average rallied 326.49, or 2.9 percent, to 11,610.64. The Nasdaq Composite Index jumped 63.51 to 2,349.07. Nine stocks advanced for every two that fell on the New York Stock Exchange.

Alex23 · « **Reply #1260 on:** August 05, 2008, 06:18:15 PM »

HAHHAHAHAH you are now officially talking to yourself shmoe...

nodoby cares b/c they read it before you posted it.

Why don't u start your own blog instead of spamming a bb board?

TerminalPower · « **Reply #1261 on:** August 05, 2008, 06:35:29 PM »

Quote from: Alex23 on August 05, 2008, 06:18:15 PM

HAHHAHAHAH you are now officially talking to yourself shmoe...

nodoby cares b/c they read it before you posted it.

Why don't u start your own blog instead of spamming a bb board?

OH...Hi Alex!

How was your day today?

stormshadow · « **Reply #1262 on:** August 05, 2008, 07:05:57 PM »

Quote from: Alex23 on August 05, 2008, 06:59:19 PM

Pretty lucrative actually

Looking forward for the fall rebound ..

What exactly is going to cause this fall rebound?

stormshadow · « **Reply #1263 on:** August 05, 2008, 08:47:02 PM »

Quote from: Alex23 on August 05, 2008, 07:07:32 PM

Your mom's gigantic ass hitting the East COast ground after tripping over her panties.

So in other words, you're losing your ass in the stock market right now, but things will get better because it always goes up, right?? right??!!

chafed_nut_sack420 · « **Reply #1264 on:** August 06, 2008, 08:15:51 AM »

Quote from: Alex23 on August 05, 2008, 08:48:35 PM

No, just clinging to how large your mom's ass has grown to be.

This place = fun to post and not too serious. Trying to play mind challengers on here = deeply pathetic.

zzzzzzzzzzzzzzzzzzzzzzz. snore.

chafed_nut_sack420 · « **Reply #1265 on:** August 06, 2008, 08:18:31 AM »

Freddie Mac, which offers funding for a huge proportion of US mortgages, has posted a quarterly loss amid continued problems in the housing market.

As mortgage defaults climb and house prices sink, it made a loss of $821m (£420m) in the three months to the end of June, down from a profit of $729m. Shares in Freddie Mac fell sharply last month on fears that it would run out of money to fund its business. The US government was forced to take radical steps to ease the panic.

Stronger position?

Freddie Mac, and its counterpart Fannie Mae, are the backbone of the US mortgage market as almost all US lenders rely on them to buy their mortgages in order to access the funds to lend to consumers. As mortgage guarantors, they must pay out when homeowners default on their loans. As the housing market across the US crumbles, their finances have come under severe stress.

In its latest set of earnings, Freddie Mac set aside $2.5bn, compared with $1.2bn in the first quarter of 2008, and slashed its dividend by 80% to five cents pending board approval. The company said this reflected increases in mortgage delinquency rates, foreclosures and estimated losses due to continued declines in home prices, it said.

Freddie Mac reiterated that it would raise $5.5bn of new capital to shore up its balance sheet and raised the possibility that it may need to raise more than that depending upon "market conditions".
"We are confident the actions we are taking are strengthening Freddie Mac's financial and competitive position and will generate value well into the future," said Richard Syron, Freddie Mac's chairman and chief executive

chafed_nut_sack420 · « **Reply #1266 on:** August 08, 2008, 08:09:09 AM »

Problems in the US housing market have pushed mortgage finance company Fannie Mae into the red.

The group sank to a net loss of $2.3bn in the three months to 30 June, against a profit of $1.97bn last year.It comes days after its sister company Freddie Mac posted worse-than-expected results and its top executive warned house price falls are not over yet. Both government sponsored firms own, or guarantee, nearly half of the nation's mortgage debt.

Difficult market

As mortgage guarantors, Fannie Mae and Freddie Mac, must pay out when people default on their loans. But as a result of recent woes in the US housing market and subsequent sub-prime crisis the pair have run into severe difficulty.
Fannie Mae said that the current housing crisis had added to its woes to the tune of $5.3bn in credit expenses.

The latest losses at the firm - which came in at more than three times analysts' estimates - followed a $2.2bn loss for the first three months of the year. "Our second-quarter results reflect challenging conditions in the housing and mortgage markets that began in 2006 and have deepened through 2007 and 2008," said Daniel H Mudd, president and chief executive officer of Fannie Mae.

He added that the firm had also taken steps to raise an additional $7bn to help it tackle the "most difficult US housing market in more than 70 years". As part of the plan Fannie Mae is cutting its dividend from 0.35 cents to 0.05, raising its fees and has taken steps to cut its costs by 10%

stormshadow · « **Reply #1267 on:** August 09, 2008, 10:38:02 AM »

Quote from: Alex23 on August 09, 2008, 12:29:57 AM

NOT THIS BLOG-A-THREAD HAS GROWN TO 2 PLAYERS; ME AND HIS 2 CUT AND PASTING GIMMMICKS.

I AM DONE. WILL YOU CONTINUE?

Is oil going to be down to 70 by next Christmas perhaps?

loco · « **Reply #1268 on:** August 11, 2008, 11:34:27 AM »

Big stock rally on oil retreat

August 11, 2008

NEW YORK (CNNMoney.com) -- Stocks rallied Monday, extending last week's surge, as falling oil prices and a stronger dollar buoyed investor optimism for a second session in a row.

http://money.cnn.com/2008/08/11/markets/markets_newyork/index.htm?postversion=2008081114

Bindare_Dundat · « **Reply #1269 on:** August 11, 2008, 06:11:20 PM »

Quote from: loco on August 11, 2008, 11:34:27 AM

Big stock rally on oil retreat

August 11, 2008

NEW YORK (CNNMoney.com) -- Stocks rallied Monday, extending last week's surge, as falling oil prices and a stronger dollar buoyed investor optimism for a second session in a row.

http://money.cnn.com/2008/08/11/markets/markets_newyork/index.htm?postversion=2008081114

Just wait.

Neurotoxin · « **Reply #1270 on:** August 13, 2008, 08:44:14 AM »

Quote from: Neurotoxin on August 04, 2008, 04:59:41 AM

gbers, with the FOMC meeting on Tuesday. (IMO, interest rates unchanged) the shorting of financials off the table til Aug. 12th and with limited economic news this week, i'd expect the S@P to test 1,300 to the upside. (keep in mind this market is still very weak)

as expected, the market has acted accordingly.

NT

Bindare_Dundat · « **Reply #1271 on:** August 13, 2008, 10:24:29 AM »

Economic fundamentals havent changed one bit, I don't see how anyone can think things will get better with band-aid solutions.

Neurotoxin · « **Reply #1272 on:** August 13, 2008, 11:16:10 AM »

agreed, but the banks and the Fed control this market.

not economic fundamentals.

NT

Neurotoxin · « **Reply #1273 on:** August 14, 2008, 10:39:08 AM »

US foreclosure filings surge 55 percent

Thu Aug 14, 2008
The number of homeowners stung by the dramatic decline in the U.S. housing market jumped last month as foreclosure filings grew by more than 50 percent compared with the same month a year ago, according to data released Thursday.

Nationwide, more than 272,000 homes received at least one foreclosure-related notice in July, up 55 percent from about 175,000 in the same month last year and up 8 percent from June, RealtyTrac Inc. said.

The combination of weak housing sales, falling home values, tighter mortgage lending criteria and a slowing U.S. economy has left financially strapped homeowners with few options to avoid foreclosure. Many can't find buyers or owe more than their home is worth and can't refinance into an affordable loan.

Neurotoxin · « **Reply #1274 on:** August 19, 2008, 04:34:23 AM »

Large U.S. Banks May Fail Amid Recession

Aug. 19, 2008 Credit market turmoil has driven the U.S. into a recession and may topple some of the nation's biggest banks, said Kenneth Rogoff, former chief economist at the International Monetary Fund.

``The worst is yet to come in the U.S.,'' Rogoff said in an interview in Singapore today. ``The financial sector needs to shrink; I don't think simply having a couple of medium-sized banks and a couple of small banks going under is going to do the job.''