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

[Neurotoxin]

as you can see, our Government releases false data on a regular basis. 


NT



NEW YORK - Government data showed Americans’ confidence in the economy unexpectedly improved in September, but it still hovers near a 16-year low as they wrestle with a weak job market, higher food and fuel prices, and the worst financial crisis in decades.

The Conference Board said Tuesday that its Consumer Confidence Index is now at 59.8, up from a revised 58.5 in August. Economists surveyed by Thomson/IFR expected a reading of 55.5.

[Neurotoxin]

Stocks, Oil Plunge After Congress Rejects Bailout

 
imo congress is playing with fire.

they might want to reconsider
 
NT

Sept. 30  President George W. Bush and Senate leaders vowed today to revive a $700 billion financial rescue plan amid evidence voters and lawmakers regretted yesterday's U.S. House vote to kill the bailout.

Senate Republican leader Mitch McConnell of Kentucky predicted lawmakers would wrap up work on the plan by the end of this week. A plunge in U.S. markets, partially erased today, makes it clear Congress must act, he said.

I think the message from the markets yesterday was clear,'' McConnell said.

[Neurotoxin]

GBers.... i anticipate a nice move to the UPSIDE once bailout #2 is voted on and passed. 

banks will be the big movers imo.


NT

[Neurotoxin]

i wouldn't expect the market to react negatively to bad economic news.

it's all about the bailout.....for now.
 
btw, a manufacturing index below 50, points to a recession.

 
NT



U.S. Economy: Manufacturing Contracts Most Since 2001 Recession


Oct. 1  Manufacturing in the U.S. contracted in September at the fastest pace since the last recession as the credit crisis spread beyond Wall Street.

The Institute for Supply Management's factory index dropped to 43.5, the lowest level since October 2001 and below economists' forecasts, the Tempe, Arizona-based group reported today. A reading of 50 is the dividing line between expansion and contraction.

[Neurotoxin]

more economic data (car sales) shows our economy slowing/contracting substantially.

a midterm market bottom looks apparent at this point. i expect a bear market rally in response to the bailout program, then we take the next leg downward as the economy/recession come back into focus.



NT


Oct. 1  Ford Motor Co. and Toyota Motor Corp. posted their worst monthly U.S. sales performances in more than two decades, leading a September decline of 27 percent for the six largest automakers as credit tightened.
 
Sales of cars and light trucks declined 35 percent from a year earlier at Ford, 32 percent at Toyota and 24 percent at Honda. Chrysler LLC's fell 33 percent and Nissan Motor Co.'s slid 37 percent. General Motors Corp.'s dropped 16 percent

[Neurotoxin]

factory orders fell by 5% along with rising jobless claims. with that said, i still believe a short cover rally will occur when the house passes the bailout bill.

i must stress, this is a professional traders market only. IMO long term investors should sit on the sidelines and stay out of harms way until this economic storm passes.




NT



NEW YORK  Stocks fell steeply Thursday, Dow dropping 348 points with concerns about the economy returning to the fore as rising jobless claims and plunging factory orders offset hopes that the $700 billion financial-bailout plan will pass Congress after being approved by the Senate.

the market's decline today is on the back of dismal economic numbers," said Peter Cardillo, market economist at Avalon Partners.

[Neurotoxin]

GBers, more proof pointing to US recession in jobs data released today.


NT



Oct. 3  The U.S. lost the most jobs in five years in September and earnings rose less than forecast as the credit crisis deepened the economic slowdown.

Payrolls fell by 159,000, more than anticipated, after a 73,000 decline in August, the Labor Department said today in Washington. The jobless rate, the last one reported before the presidential election, remained at 6.1 percent. Hours worked reached the lowest level since records began in 1964.

[Neurotoxin]

personally, i like the longterm prospects of AIG. ( 80% of Co. is now owned by the Fed.)

a 75.00 stock now trading in the 3.00 range. 


no advice, all opinion.


NT

now trading near 5.00 

+65% and counting. 

NT

[Decker]

more economic data (car sales) shows our economy slowing/contracting substantially.

a midterm market bottom looks apparent at this point. i expect a bear market rally in response to the bailout program, then we take the next leg downward as the economy/recession come back into focus.



NT


Oct. 1  Ford Motor Co. and Toyota Motor Corp. posted their worst monthly U.S. sales performances in more than two decades, leading a September decline of 27 percent for the six largest automakers as credit tightened.
 
Sales of cars and light trucks declined 35 percent from a year earlier at Ford, 32 percent at Toyota and 24 percent at Honda. Chrysler LLC's fell 33 percent and Nissan Motor Co.'s slid 37 percent. General Motors Corp.'s dropped 16 percent

I had to meet with a client Wednesday who's been in the car sales business for 35 years.  He said he's never seen sales this bad before...that includes Ford's tenure, Carter's malaise, Reagan's imports and so on.

[astro]

now trading near 5.00 

+65% and counting. 

NT

any projection for how high it might go

[Neurotoxin]

on friday before the bailout was announced the market rallied 300+ points only to be SOLD OFF before the closing bell.

guys, this market should be avoided at all costs.

the worst is yet to come imo.


NT

bush has systematically destroyed this country financially.

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.

cash is king !

[24KT]

When I read your third sentence I could tell you were a Kiyosaki fan.  In fact, the book that influenced it was his third book - Rich Dad's Guide to Investing...

I was thinking more of Rich Dad's Prophecy: Why The Biggest Stock Market Crash in History is Still Coming
penned in 2002

Damn I'm good, now will u post some bikini shots?

sure thing 



Above left: Bikinian children leaving Bikini, March 7, 1946 (US Archives),
Above right: children on Kili Island, 2007. Photo © Jack Niedenthal


Today, while the people of Bikini have yet to resettle their homeland, the island is populated by Bikini Project Department construction workers and some U.S. Department of Energy staff. There is, however, a large population of Bikinians living elsewhere in the Marshall Islands and overseas who hope to have the ability to return to their homeland someday soon.




Above: The March 1, 1954 Bravo hydrogen bomb crater. Photo © Matt Harris

[Neurotoxin]

GBers, during this economic meltdown/crisis, i'd expect Dow 7,500 to be tested on the downside.




NT

[Neurotoxin]

GBers, don't say you weren't warned.


NT

bush has systematically destroyed this country financially.

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.

cash is king !

move your money out of stocks and into cd's, cash, money markets ect.

preservation of capital is key. if you do nothing, kiss your money goodbye.

if you decide to stay in stocks for the time being......definitely get OUT after Christmas.

[Neurotoxin]

9,600 should act as temporary support for the Dow.


NT

[Neurotoxin]

as expected we bounced off Dow 9,600.00 to close @ 9,955.00


NT



Indexes End Deep, But Late Rally Trims Some Losses


Posted 10/6/2008
The subprime mortgage-turned-banking crisis officially unraveled on a global scale Monday, sparking a worldwide rout that sent commodities prices sprawling and worldwide markets to record-setting losses.

The Standard & Poor's 500 Index retreated 3.9 percent, extending the worst weekly slump since 2001. The Dow Jones Industrial Average lost 370 points, closing at 9,955.00. Both gauges pared declines of more than 7.7 percent in the final hour as traders increased bets on a Federal Reserve interest rate cut.

[24KT]

Are There Are Any Safe Investments Left?
Monday October 6, 2008
CityNews.ca Staff



The 1980s recession. The dot-com bubble burst. David Robertson lived through them both, and grimaced both times as he saw the hit to his investments.

But the 67-year-old admits he's never seen anything like the current financial crisis in the U.S. and around the globe.

"I'm down about 20 percent from a year ago," he admits, describing the losses in his portfolio to CityNews Consumer Specialist Jee-Yun Lee. "On the energy side I'm probably down about 30 percent, on the mineral side I'm probably down about 25 percent."

Despite the $700-billion Wall Street bailout package being passed at the end of last week, markets are still in a tailspin over the state of the global economy. On Monday the Toronto Stock Exchange plummeted 1,200 points in early morning trading before recovering somewhat by the end of the day. Other markets around the world suffered heavy losses as well.

"I've not been through something like this before because it's in Europe, it's in the United States, and you just don't know where the shoe is going to drop tomorrow morning," Robertson notes. "I'm happy with the security I have but I wish the price was higher."

So what should small investors such as Robertson do to staunch the 'financial bleeding?'

Definitely do not panic, experts advise.

"There's nothing in the stock market that's working right now," states Paul Thornton, financial advisor for Global Maxfin Capital. "The commodity markets aren't working. Cash is really the only place to be right here."

Thornton is one of countless investors who've been watching the market mayhem and they seem to agree that there's not much to do right now but try to weather the storm. The financial expert adds that if you decide to sell your stocks, make sure to do your homework before jumping back in to the market.

"Don't try and get in before the crowd," he advises. "Wait for a true heavy volume rally to get underway before you come back into this market."

Robertson, meanwhile, doesn't plan to make any big moves.

"This is not a tidal wave I can't handle," he concludes.

[Hugo Chavez]

If you've got the money, buy jag.  If we're not all dead in 2012, you'll be pissed you missed the opportunity.  Pick the right company, one that is undervalued in all this and buy.  maybe even some realestate.  people are buying houses for pennies on the dollar.  LOL, someone won a house on ebay for under 2 bucks!...  It looked like it was a least worth 10 bucks   but seriously, we'll make it out of this mess or be fucked anyway. 

[24KT]

If you've got the money, buy jag.  If we're not all dead in 2012, you'll be pissed you missed the opportunity.  Pick the right company, one that is undervalued in all this and buy.  maybe even some realestate.  people are buying houses for pennies on the dollar.  LOL, someone won a house on ebay for under 2 bucks!...  It looked like it was a least worth 10 bucks   but seriously, we'll make it out of this mess or be fucked anyway. 

I don't doubt there are bargains to be had, ...but I'm not interested in sitting there watching a stock ticker 24/7
there's a game going on right now... run it up, short it, ...run it up, short it. The volatility is too much for my blood right now. There are real estate bargooons by the truckloads right now. Back in the 91 recession, an ex-boyfriend taught me well how to take advantage of a market like this. Everyone around him was going belly up, ...but he had plenty of cash reserves and was not only able to weather the storm and all his commercial tenants defaulting on leases, but also able to snap up so much property it boggled the mind. When the markets rebounded, ...he was still sitting on his throne so to speak, ...and his kingdom had expanded much!

 You gotta be kidding me?! Somebody bought a house on ebay for $2. Gotta link?

[Decker]

as expected we bounced off Dow 9,600.00 to close @ 9,955.00


NT



Indexes End Deep, But Late Rally Trims Some Losses


Posted 10/6/2008
The subprime mortgage-turned-banking crisis officially unraveled on a global scale Monday, sparking a worldwide rout that sent commodities prices sprawling and worldwide markets to record-setting losses.

The Standard & Poor's 500 Index retreated 3.9 percent, extending the worst weekly slump since 2001. The Dow Jones Industrial Average lost 370 points, closing at 9,955.00. Both gauges pared declines of more than 7.7 percent in the final hour as traders increased bets on a Federal Reserve interest rate cut.

Do you see parallels btn the Japanese economic meltdown of the 1990s and the US's today?  Japan had a meltdown of its real estate market followed by slow gov. response.  The Japanese malaise lasted years.

[Bindare_Dundat]

Anyone paying atention to the DOW numbers today? They are swinging up and down, worse than a yoyo.

[Camel Jockey]

Markets in Europe are taking a beating too.

[Neurotoxin]

GBers....just more of the same today.

this is the perfect storm i spoke of for the last 11 months. 


NT




U.S stocks beaten up as investors look for Fed cuts


10/7  U.S. stocks on Tuesday declined for a fifth session straight, extending a sharp sell-off that has the major indexes trading at or near four-year lows, as investors found little relief in the Federal Reserve's latest steps to ease frozen credit markets.

Equities remained sharply lower as minutes from the Federal Reserve's last formal meeting revealed rate cuts were put on the table at the mid-September gathering, and after Fed Chairman Ben Bernanke in a speech opened the door for a possible interest-rate cut soon.
 
Dow closed down 508.39 to 9,447.11, (-5.1%) 

[Neurotoxin]

GBers, at some point a great buying opportunity will present itself in this Market.

until then, we patiently wait......


NT

[Neurotoxin]

Do you see parallels btn the Japanese economic meltdown of the 1990s and the US's today?   Japan had a meltdown of its real estate market followed by slow gov. response.  The Japanese malaise lasted years.

unfortunately very similar.



NT