Dow Crash Coming To Your 401K (2007 to 2022)

[MB]

Its coming and there aint much anyones gonna do about it.  Say good bye to the dollar...

The scary part is how quickly the dollar can fall.  We are so dependent on China's money and the Mid-East for oil, that our way of life could change drastically in a matter of months.  If we don't change this dependence, we're screwed.   

[Neurotoxin]

Grim economic outlook trumps price worries at March FOMC

April 8, 2008

WASHINGTON (MarketWatch) - Behind closed doors last month, top Federal Reserve officials confronted new projections of a sharp and severe slowdown, leading them to brush aside worries about rising prices and cut rates aggressively, according to minutes of the meeting released Tuesday. The majority of FOMC members said the substantial easing in March was justified given the deteriorating economic outlook, the minutes said. No one seemed in any way comfortable with recent rising prices.




 

NT

[Bindare_Dundat]

Grim economic outlook trumps price worries at March FOMC

April 8, 2008

WASHINGTON (MarketWatch) - Behind closed doors last month, top Federal Reserve officials confronted new projections of a sharp and severe slowdown, leading them to brush aside worries about rising prices and cut rates aggressively, according to minutes of the meeting released Tuesday. The majority of FOMC members said the substantial easing in March was justified given the deteriorating economic outlook, the minutes said. No one seemed in any way comfortable with recent rising prices.




 

NT

Look at Bernanke's face at the end of this video? Does he sound sincere to you?

[Bindare_Dundat]

SEATTLE (AP) -- Washington Mutual Inc. secured $7 billion in new capital Tuesday, an injection that is aimed at reviving the company despite ballooning loan losses but which may also push it to rethink its strategy, slim down and revamp the management.

The country's largest savings and loan has been badly hurt by rising delinquencies and defaults on mortgages, and efforts last year to rehabilitate its finances fell short despite assurances from management that slashing its dividend, raising nearly $3 billion in a stock sale and leaving the subprime mortgage business would be sufficient.

Washington Mutual said it would get the new capital from an investment group led by private equity group TPG, but will cut its dividend again and post both a wider loss and set aside more in loan loss provisions for the first quarter than had been expected. TPG founding partner David Bonderman, a former WaMu director, will also rejoin the board.

Separately, the thrift said it will get out of the wholesale lending business, close all remaining standalone home loan centers and lay off about 3,000 workers

[War-Horse]

Why do you keep acting like a kid? If you have even one ounce of integrity you'll admit I was right on some counts and may be in the future.

What are your predictions?

Do you read the thread?  His predictions (Most of which are facts,by now) are still in here.    He's just watching the market to see if the rises are from the PPT or true markets.  I think your smart enough to know which one is propping up the DOW, right?
All signs point to a breakdown in the near future as more people lose their homes, cars and jobs.......

Some guys are crazy enough to play with this market (Goatboy and others)  Im out tho till its safer.

[stormshadow]

Why do you keep acting like a kid? If you have even one ounce of integrity you'll admit I was right on some counts and may be in the future.

What are your predictions?

Please get the fuck off this thread and go back to G&O

[calmus]

Goatboy talks a big game.... not so sure about him any more after reading his posts in this and other threads.

[War-Horse]

Goatboy talks a big game.... not so sure about him any more after reading his posts in this and other threads.

Yeah. In the virtual world, you have to take everything said with a grain of salt.

[Neurotoxin]

 oil will be down to 70 by christmas time.

Oil reaches $112 for the first time


April 9, 2008:
NEW YORK (CNNMoney.com) -- Oil prices surged to record levels Wednesday, topping $112 a barrel, after a government report showed an unexpected decline in crude supplies.






NT

[Neurotoxin]

our country is heading for a severe recession as a result of his failed policies. in the coming months, the stock market will come crashing down. mark my words.

U.S. falling into recession, IMF predicts; world to feel pain
 
 
WASHINGTON (AP) — The world economy will slow sharply this year, according to an International Monetary Fund forecast, with the United States sliding into a recession amid housing, credit and financial slumps.The IMF, in a World Economic Outlook released Wednesday, slashed growth projections for the United States — the epicenter of the woes — and the global economy as a whole.






NT

 

[Bindare_Dundat]

Again, Neurotoxin, let's see some predictions. Let's be more constructive, I'm sure you're a smart man, you just need to act less like a 14yo...

All I see is copy paste of news we've already read and distortion of what I said, not very credible man.

Fvck your an idiot.

He pastes some of these articles because it's a reflection of what he thinks will happen. He shares the same thoughts as the authors. There are many other people predicting/claiming quite the opposite and he could have cut and pasted those points of view but he hasn't. Plus, he's made predictions on here that are his own, do you read?

[Neurotoxin]

70% of our nations GDP is consumer consumption. since our nation no longer manufactures, we are dependent on a STRONG consumer. a weak dollar INCREASES inflation which lessens Americans buying power. 

record u.s deficits, a weak dollar, negative consumer savings, high inflation, record gas/oil prices (in none peak season) coupled with Americans no longer able to use their homes as a.t.m. machines spells disaster for a service economy such as ours.

the perfect storm is brewing........

 

4/10/08
NEW YORK (CNN) -- Former Labor Secretary Robert Reich warned Americans on Wednesday not to be overly optimistic that the U.S. economy might rebound by the end of summer.

"More realistically, we are going to go into 2009 with a serious recession," Reich, now a professor at the University of California at Berkeley.

"I think there's no more than 20 percent chance of a depression," Reich said.

Although Reich stressed that a depression is unlikely, he said that what's happening with the economy today is close to a perfect storm.

"You've got food and energy prices, fuel prices going way way up," he said. "You've got wages stuck. You've got people who are losing their jobs. You've got housing prices going down. I mean, it's pretty bad."




NT

[Bindare_Dundat]

4/10/08
NEW YORK (CNN) -- Former Labor Secretary Robert Reich warned Americans on Wednesday not to be overly optimistic that the U.S. economy might rebound by the end of summer.

"More realistically, we are going to go into 2009 with a serious recession," Reich, now a professor at the University of California at Berkeley.

"I think there's no more than 20 percent chance of a depression," Reich said.

Although Reich stressed that a depression is unlikely, he said that what's happening with the economy today is close to a perfect storm.

"You've got food and energy prices, fuel prices going way way up," he said. "You've got wages stuck. You've got people who are losing their jobs. You've got housing prices going down. I mean, it's pretty bad."




NT

When you compare the situation of today to that of the 30's numbers wise, this is just the beginning,  but the fact that people are even mentioning the word "depression" should be enough to give even the most optimistic person a jolt.

[Neurotoxin]

When you compare the situation of today to that of the 30's numbers wise, this is just the beginning,  but the fact that people are even mentioning the word "depression" should be enough to give even the most optimistic person a jolt.

i have never witnessed the convergence of so many negative factors in the US economy at the same time. the perfect storm is upon us........



NT

[Neurotoxin]

gbers.....


Consumer Confidence Falls to New Low

2008-04-11
WASHINGTON (AP) - Americans' confidence in the economy fell to a new low, dragged down by worries about mounting job losses, record-high home foreclosures and zooming energy prices.

According to the RBC Cash Index, confidence dropped to a mark of 29.5 in April, down from 33.1 in March. The new reading was the worst since the index began in 2002. It marked the fourth month in a row where confidence has fallen to an all-time low.

"Consumers are very pessimistic," said Mark Vitner, economist at Wachovia . "There are not a lot of happy campers out there."

Over the past year, consumer confidence has deteriorated significantly. Worsening problems in housing, harder-to-get credit, financial turmoil on Wall Street and lofty energy prices have put people in a much more gloomy mind-set. Last April, confidence stood at 85.4.    

All the economy's problems are taking a toll on President Bush's approval ratings, too. The public's approval rating on his economic stewardship fell to a low of 27 percent, according to a separate Associated Press-Ipsos poll. Bush's overall job-approval rating dipped to 28 percent, also an all-time low, the poll said.




keep in mind gbers.....the consumer is 70% of our nations GDP.


NT

[Bindare_Dundat]

Including calls for more oversight of financial firms and greater financial transparency, G7 members have committed themselves to its implementation.
 
"We remain positive about the long-term resilience of our economies, but near-term global economic prospects have weakened," said a statement issued by the G7 after the meeting.

The plan was drawn up for the G7 by the Financial Stability Forum (FSF) think-tank.
The FSF is comprised of a number of central bank and treasury officials from around the world.

"We have worked, and will continue to work, closely to address global challenges and take concrete actions," said US Treasury Secretary Henry Paulson.

Before the G7 meeting, UK Chancellor Alistair Darling described the credit squeeze as the "biggest economic shock" the world has seen since the 1930s Great Depression.

The credit crisis stemmed from a slowdown in the US housing market and has had a knock-on effect worldwide and dented growth.

[War-Horse]

Another one behaving like a 14yo... this place is a riot...

Hes just answering your question......Youre alzheimers is kicking in.

[Neurotoxin]

gbers.....


not much to add as of recently. i stated in earlier posts that @ Dow 12,700 the market would fail. we hit 12,720 and failed...........

don't buy into "the bottom is in" hype.......IMO it's not.

my opinion has not wavered since Nov. i still expect this market to head lower.

please be careful.


NT
 

[Neurotoxin]

Wholesale inflation surges 1.1% in March 


 4/15/08
WASHINGTON — Inflation at the wholesale level soared in March at nearly triple the rate expected as the costs of energy and food both climbed rapidly.
The Labor Department reported Tuesday that wholesale prices rose 1.1% last month. That was the second biggest increase in the past 33 years. Analysts had been expecting a much more moderate 0.4% rise in wholesale prices.




NT
 

[Neurotoxin]

gbers...... news article's give you the psychological sentiment of the market. in uptrend markets the reverse applies.

i attempt to keep the articles brief but also get the message across. 80% of the market is psychology.

 

NT



Foreclosures jump 57 percent in last 12 months

Apr 15, 2008
NEW YORK (Reuters) - Home foreclosure filings surged 57 percent in the 12 month-period ended in March and bank repossessions soared 129 percent from a year ago, as homeowners struggled to make mortgage payments, real estate data firm RealtyTrac said on Tuesday.

[Neurotoxin]

April 16 (Bloomberg) -- The dollar fell to a record low against the euro as European inflation accelerated last month, reducing chances the European Central Bank will follow the Federal Reserve in cutting interest rates.

The currency had its biggest decline versus the euro in three weeks, weakening to $1.5969 as U.S. housing starts dropped more than twice as much as forecast to a 17-year low.



NT

[Neurotoxin]

Consumer Price Index shows modest gains in inflation on higher energy prices.


NEW YORK (CNNMoney.com) -- Consumers, hit by rising energy prices, paid slightly more for goods and services in March.


The Consumer Price Index, the government's key inflation measure, rose 0.3%, compared to February, when prices were unchanged. The gain matched the forecasts of economists surveyed by Briefing.com. The price of energy jumped 1.9% percent in the month.

The more-closely watched core CPI reading, which strips out volatile food and energy costs, was up 0.2% in March, after being unchanged in February.



NT

[Neurotoxin]

U.S. gasoline prices hit $3.40 a gallon for regular.
 
April 16, 2008
NEW YORK (MarketWatch) -- U.S. retail gasoline prices for unleaded regular rose by a penny to $3.40 a gallon. In Hawaii, prices rose to $4.08 a gallon for regular.


NT

[Bindare_Dundat]

U.S. gasoline prices hit $3.40 a gallon for regular.
 
April 16, 2008
NEW YORK (MarketWatch) -- U.S. retail gasoline prices for unleaded regular rose by a penny to $3.40 a gallon. In Hawaii, prices rose to $4.08 a gallon for regular.


NT

I feel like there's no end in sight.

[Bindare_Dundat]

TORONTO — The Canadian dollar rose 1.73 cents (U.S.) to close at 99.86 cents Wednesday as the U.S. dollar's global weakness intensified and the loonie benefited from rising commodity prices.

The loonie's latest gain came after a Statistics Canada report suggested Canadian manufacturers continue to show surprising resilience in the face of the U.S. economic slump and Canadian potash producers reaped a rich new contract with China. Moreover, oil prices hit record highs again.

The euro, meanwhile, hit another record against the greenback after the European Union reported inflation in the euro zone heated up to 3.6 per cent in March.

The 15-country currency traded at $1.5968, topping the previous record of $1.5912 set last Thursday.