Record earnings and their International Story is working and once again the BEAR RAID is on. Until the SEC shuts down the crap that the large shorts do, this will never end. Their earnings were great given the economy etc. It is the short BEAR RAIDs.
There are no nice guys in this business. It is all greed. The companies want you to sell what will generate the largest payouts to the firm. Plain and simple. By the way, I am from Cleveland and a Browns Fan.
The economy is in a recession....a very bad one.
Ask any mom and pop business owner. Ask your local
restaurant manager how things are going. Heck, ask your Dentist if business has dropped off.
Seriously! Has anyone ever worked for a company in this industry that wasn't loaded with narcissistic nasty managers and just morally bankrupt people?
I think that is why many want their own trading thing to work....to avoid the misery of Corporate America.
If you have worked for a great...
It is just so bleak. I am deeply worried the economy is completely shot. Seriously, what is going to make it come back? Job growth? Forget it. Housing? Forget it.
Income growth? Doubful.
A full blown depression could happen. I think the Treasuries at bare bones yields are telling you just...
I seriously think we may go into a mini depression. 5000 on the DOW is possible as is 1000 on the Nasdaq. Things are so bad everywhere. What is going to be the good news to move us ahead?
We are in a bad recession...
Look at how bad December Retail sales were. Restaurants are dying a slow death. People have cut back big time. Where is the spending going to come from? Houses? nope Jobs? nope Stocks? nope....we
are so deep in debt from the consumer to the Country that a prolonged...
So is Brandes.
www.gurufocus.com
Search for them.
QUOTE]Quote from dsq:
bank america is looking real stupid for buying a 2 billion dollar stake when cfc was at 18...thats a 66% loss in about 3months-who's the genius at bac that tried catching this falling knife.
Great article. I know so many unemployed people in their 40s that are bright, smart guys who cannot
even get granted an interview. What about the inflation rate? They fudge that bigtime!