Quote from Cocaine:
HFT, Balda brought up a very good point. Where is the consumer going to come up with disposable income to buy all the things that drive the US economy. Do NOT say the $600 Bush rebate, thats a drop in the bucket. I mean, seriously, how is the consumer going to be able to buy their Nike shoes, their Ipods, their Strabucks etc when gas is going to be at $4 soon and their incomes unable to keep up with inflation??
Quote from Cocaine:
HFT, Balda brought up a very good point. Where is the consumer going to come up with disposable income to buy all the things that drive the US economy. Do NOT say the $600 Bush rebate, thats a drop in the bucket. I mean, seriously, how is the consumer going to be able to buy their Nike shoes, their Ipods, their Strabucks etc when gas is going to be at $4 soon and their incomes unable to keep up with inflation??
Quote from PohPoh:
Cmon Coke...
you are just a pessimist...
turn your frown upside down!
And turn your charts upside down...
HFPT is not a hedge fund manager, and certainly not a trader...
He hasn't a clue how economics or currency or finance or anything works...he just understands the buy button on his simulated platform....
Quote from HedgefundTrader2:
Pessimism has not won any victories in life. Negativity does not brings s u c c e s s in life. You have done enough of it, time to change and heal and move forward.
Recession does not have to be a Monster. America has gone through turbulent times before and we are still here. Somehow things work out.
Good positive attitude is mandatory.
Quote from HedgefundTrader2:
AAPL has worldwide market, not limited to US consumers. US consumers have money these Nike wearing/Ipod listening/Starbucks drinking people have enough to splurge and waste.
But they are skeptical to the bone. They view everything with caution and fear and they are timid lollipops circling a wagon.
Quote from HedgefundTrader2:
Just think for a moment, if these people did not stopped buying real estate we would not be in this dilemma today. They themselves brought this upon themselves and with all this negativity they even robbed their financial markets !
Self destruction is an art, I suppose ?
Quote from Cocaine:
So you think its smart for people to keep buying real estate regardless if they are getting a value or not? You think people should blindly buy buy buy without regard for their own personal wellfair?
Quote from HedgefundTrader2:
During winter months, US economy slowed down to 0.6% growth from a robust 4.0% in previous quarters.
Immediate and generous action followed by Feds in January slashing rates twice! Does that count or not? Congress devised a stimulus package for spending right away. Does that count or not?
Just tell me AAPL was trading 161 on Jan 18, 2008, earnings blew out numbers on Wall street, yet on Jan 23rd 2008 AAPL closed 139. What was the reason of this angry response to AAPL dropping 22 points over the weekend? Hopelessness and despair? Despondent thoughts of suicide and destruction?
Since than AAPL did not make any attempts and now as of April 4, 2008 it close at 153.08 ? What happened ? Was there some kind of transformation in mass psychology ? Why was AAPL's chart peppered with a Howitzer cannon ? Seething anger? Or you never thought that this great American company will live another quarter? How were your actions justified?
We are waiting to see a single negative GDP quarter since 2002 and the recession has yet to arrive..the Lion has roared but the mouse is already wimpering in sheer agony.
You shorted and destroyed everything in your mad depressive psychosis thats the truth!
Quote from bdon:
i got a c note that says negative gdp for q1. I've asked three times.
april '09 s&p no higher than 1400. lay down the green?