Author Topic: Dow Crash Coming To Your 401K (2007 to 2022) (Read 466167 times)

Neurotoxin · « **Reply #1950 on:** March 06, 2009, 03:14:44 AM »

General Motors asks for new multibillion dollar loan to avert crash in 30 days.

Friday 6 March 2009
General Motors yesterday warned it would go bust within 30 days unless the US treasury swiftly gives it a further multibillion-dollar loan. The dramatic warning from America's biggest car group came after its auditors, Deloitte & Touche, raised substantial doubts about its ability to continue as a "going concern".

NT

Neurotoxin · « **Reply #1951 on:** March 06, 2009, 06:02:13 AM »

Payrolls sink 651,000, jobless rate soars to 8.1%

March 6, 2009 The weakness in U.S. labor markets has gathered extraordinary momentum, wiping away more than 2.5 million jobs over the past four months alone, the Labor Department reported Friday.

The U.S. economy lost 651,000 jobs in February, the fourth month in a row where job losses were near or above 600,000.

The unemployment rate soared to 8.1%, the highest rate in over 25 years.
Job losses in February were close to expectations. But the government also revised job losses in the past two months down by 161,000 jobs.

Job losses in December, now pegged at 681,000, was the biggest monthly decline in jobs since 1949.

Soul Crusher · « **Reply #1952 on:** March 06, 2009, 06:06:07 AM »

Quote from: Neurotoxin on March 06, 2009, 06:02:13 AM

Payrolls sink 651,000, jobless rate soars to 8.1%

March 6, 2009 The weakness in U.S. labor markets has gathered extraordinary momentum, wiping away more than 2.5 million jobs over the past four months alone, the Labor Department reported Friday.

The U.S. economy lost 651,000 jobs in February, the fourth month in a row where job losses were near or above 600,000.

The unemployment rate soared to 8.1%, the highest rate in over 25 years.
Job losses in February were close to expectations. But the government also revised job losses in the past two months down by 161,000 jobs.

Job losses in December, now pegged at 681,000, was the biggest monthly decline in jobs since 1949.

Do you think Celente, Rogers, Schiff, and Roubini are correct on where we are going?

Neurotoxin · « **Reply #1953 on:** March 06, 2009, 06:24:39 AM »

Quote from: 333386 on March 06, 2009, 06:06:07 AM

Do you think Celente, Rogers, Schiff, and Roubini are correct on where we are going?

yes, for the most part.

NT

Soul Crusher · « **Reply #1954 on:** March 06, 2009, 06:26:25 AM »

Quote from: Neurotoxin on March 06, 2009, 06:24:39 AM

yes, for the most part.

NT

Great. Glad I just got a G26 and AK.

Bindare_Dundat · « **Reply #1955 on:** March 06, 2009, 07:48:15 AM »

Quote from: Neurotoxin on March 06, 2009, 03:14:44 AM

General Motors asks for new multibillion dollar loan to avert crash in 30 days.

Friday 6 March 2009
General Motors yesterday warned it would go bust within 30 days unless the US treasury swiftly gives it a further multibillion-dollar loan. The dramatic warning from America's biggest car group came after its auditors, Deloitte & Touche, raised substantial doubts about its ability to continue as a "going concern".

NT

hahahahahahah

aw man, actually...I don't know if this is laughable or really really sad.

Bindare_Dundat · « **Reply #1956 on:** March 06, 2009, 07:49:28 AM »

Quote from: Neurotoxin on March 06, 2009, 06:02:13 AM

Payrolls sink 651,000, jobless rate soars to 8.1%

March 6, 2009 The weakness in U.S. labor markets has gathered extraordinary momentum, wiping away more than 2.5 million jobs over the past four months alone, the Labor Department reported Friday.

The U.S. economy lost 651,000 jobs in February, the fourth month in a row where job losses were near or above 600,000.

The unemployment rate soared to 8.1%, the highest rate in over 25 years.
Job losses in February were close to expectations. But the government also revised job losses in the past two months down by 161,000 jobs.

Job losses in December, now pegged at 681,000, was the biggest monthly decline in jobs since 1949.

I'll take shadowstats numbers over anyone elses = 19%.

Neurotoxin · « **Reply #1957 on:** March 06, 2009, 07:55:02 AM »

Quote from: Bindare_Dundat on March 06, 2009, 07:49:28 AM

I'll take shadowstats numbers over anyone elses = 19%.

19% is an accurate number.

NT

Bindare_Dundat · « **Reply #1958 on:** March 06, 2009, 08:04:36 AM »

Quote from: Neurotoxin on March 06, 2009, 08:03:15 AM

seeing Dow 4,000-5,000 is a high probability IMO.

NT

If it dips below 6000, whats to stop it from totally nosediving? Seems like it's been a very slippery slope the last few weeks.

Neurotoxin · « **Reply #1959 on:** March 06, 2009, 08:07:48 AM »

Quote from: Bindare_Dundat on March 06, 2009, 08:04:36 AM

If it dips below 6000, whats to stop it from totally nosediving? Seems like it's been a very slippery slope the last few weeks.

breaking 6,000 ensures a test of 5,000 IMO.

NT

Neurotoxin · « **Reply #1960 on:** March 06, 2009, 08:16:34 AM »

i could be wrong but current market dynamics/action resemble that of a coming depression....not a lingering recession.

time will tell...

NT

Bindare_Dundat · « **Reply #1961 on:** March 06, 2009, 08:18:46 AM »

Quote from: Neurotoxin on March 06, 2009, 08:16:34 AM

i could be wrong but current market dynamics/action resemble that of a coming depression....not a lingering recession.

time will tell...

NT

agree. This is totally fucked up and meanwhile on CNN the have jerk off fests about Columbus getting a stimulas check to improve unemployment by hiring 25 more police officers. That sure makes me feel better.

Neurotoxin · « **Reply #1962 on:** March 06, 2009, 09:05:13 AM »

BTW, for those who exited the market early, you'll be able to purchase equities at once in a lifetime firesale prices !

be patient....the time will come.

NT

Neurotoxin · « **Reply #1963 on:** March 07, 2009, 02:53:55 AM »

Quote from: Neurotoxin on March 05, 2009, 01:49:37 PM

S&P finally breached the 700 level, closing @ 682. as we continue lower, i look for 660 to act as our next "support" level.

as expected we bounced off the 660 support area and "rallied" into the close. S&P closed @ 683. Dow was up 32 points.

with the market extremely oversold, i anticipate a Bear Market rally in the very near future.

NT

Slapper · « **Reply #1964 on:** March 07, 2009, 08:26:07 AM »

Just spent 10Gs on C.

Fuck it.

Neurotoxin · « **Reply #1965 on:** March 10, 2009, 01:14:13 PM »

Quote from: Neurotoxin on March 07, 2009, 02:53:55 AM

with the market extremely oversold, i anticipate a short cover/bear market rally in the very near future.

Stocks Post Best Rally of 2009 on Improving Citigroup Outlook

March 10 Stocks around the world staged the biggest rally of the year after Citigroup Inc. said it was having its best quarter since 2007, spurring speculation the worst of the banking crisis is over. Treasuries and gold fell.

The Dow Jones Industrial Average added 379 points.

NT

Bindare_Dundat · « **Reply #1966 on:** March 10, 2009, 11:30:09 PM »

Quote from: Neurotoxin on March 10, 2009, 01:14:13 PM

Stocks Post Best Rally of 2009 on Improving Citigroup Outlook

spurring speculation the worst of the banking crisis is over.

NT

Hardly.

Alex23 · « **Reply #1967 on:** March 11, 2009, 04:26:38 PM »

Quote from: Bindare_Dundat on March 10, 2009, 11:30:09 PM

Hardly.

Wrong.

War-Horse · « **Reply #1968 on:** March 11, 2009, 10:02:35 PM »

Good thread NT. Keep it coming. I know home prices still have to reset to actual wages, but i thought we may have seen a low on the DOW. I cant imagine it lower than 6000 but i guess it may happen still......... $:-\$

Neurotoxin · « **Reply #1969 on:** March 12, 2009, 03:01:51 PM »

Quote from: Neurotoxin on March 07, 2009, 02:53:55 AM

with the market extremely oversold, i anticipate a short cover/bear market rally in the very near future.

Quote from: Neurotoxin on March 10, 2009, 01:14:13 PM

Stocks Post Best Rally of 2009 on Improving Citigroup Outlook

March 10 Stocks around the world staged the biggest rally of the year after Citigroup Inc. said it was having its best quarter since 2007, spurring speculation the worst of the banking crisis is over. Treasuries and gold fell.

The Dow Jones Industrial Average added 379 points.

US Stocks Rise For Third Straight Day; Dow Up 240

March 12, 2009
NEW YORK U.S. stocks rose for the third straight day Thursday and the Dow Jones Industrial Average at one point added more than 250 points as comments from Bank of America's chief executive and gains in General Electric helped prop up the market.
The blue-chip index jumped 239.66 points, or 3.5%, to 7170.06, marking its first three-day advancing streak since the three days that ended Jan. 28. The index has gained 9.5% in last three sessions, its best three-day performance on a percentage basis since Nov. 25.

NT

Alex23 · « **Reply #1970 on:** March 12, 2009, 11:10:55 PM »

Neuro Shlong, the current situation reminds me a lot of summer 2003. Are going to see a similar multi quarter rally or is this just a tease market?

Hugo Chavez · « **Reply #1971 on:** March 12, 2009, 11:46:28 PM »

Quote from: Alex23 on March 12, 2009, 11:10:55 PM

Neuro Shlong, the current situation reminds me a lot of summer 2003. Are going to see a similar multi quarter rally or is this just a tease market?

The current situation reminds you of summer 2003? lol...

Alex23 · « **Reply #1972 on:** March 12, 2009, 11:50:39 PM »

Quote from: Hugo Chavez on March 12, 2009, 11:46:28 PM

The current situation reminds you of summer 2003? lol...

Go look at the charts. Remember the rally of summer 2003.

Hugo Chavez · « **Reply #1973 on:** March 13, 2009, 12:09:37 AM »

Quote from: Alex23 on March 12, 2009, 11:50:39 PM

Go look at the charts. Remember the rally of summer 2003.

What did you mean by the current situation? I thought you were talking about everything the economy/market is facing right now. I guess you're just talking about chart patterns then?

Bindare_Dundat · « **Reply #1974 on:** March 13, 2009, 07:57:34 AM »

Freddie Mac wants $30.8 billion more

Record jobless number

Buffett's Berkshire loses 'perfect' rating

GE loses perfect rating

China worried about safety of U.S. debt

More stimulus needed? Possibly

Fudged numbers

Dow should be at 10,000 by 2 pm today.