Dow will crack
- Thread starter Trexticle
- Start date
Quote from Landis82:
You really are about as IGNORANT as they get on ET, aren't you?
Roughly 80% of the stimulus package won't go into effect till 2010. Everyone is well aware of this . . . except for you.
Stimulus, Smimulus. Japan did about 20 Stimulus packages from 1990 until now and look where that got their markets, 39,000 down to 7,500. Now I think everyone knows thats a bad return . . . except for you maybe. Just be careful in what you know.
Quote from Landis82:
Please post a screen-shot of your bearish positions that seek to benefit from such a decline.
Thank You.
I agree.
That's two members. Now, you gotta produce the goods.
Btw, I'm short several positions in my Client accounts. Just want to see a shot of what you're basing a falling knife djia on.
Quote from LEAPup:
I agree.
That's two members. Now, you gotta produce the goods.
Btw, I'm short several positions in my Client accounts. Just want to see a shot of what you're basing a falling knife djia on.
I have been selling into this rally and have only about 10% yet to go if we go higher 1 more time. I have no shorts at this point.
We are hanging around this 8200 area too long. If we break 8200 convincingly this down move may gain momentum. Obama may have a tough couple of years coming up. The public seams to base their spending habits on how the stock market is doing and so it could be a hard winter coming up.
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ap
Consumer loan delinquencies continue to rise
New study shows consumer loan delinquencies edge up to record high of 3.23 pct in early 2009
* By Stephen Bernard, AP Business Writer
* On Tuesday July 7, 2009, 10:22 am ED
NEW YORK (AP) -- Consumer loan delinquencies edged up to another record high in the first quarter, according to data released Tuesday by the American Bankers Association.
A continued rise in unemployment has been the main culprit for the continued rise in delinquencies, the trade association said.
"The number one driver of delinquencies is job loss," James Chessen, the ABA's chief economist, said in a statement. "When people lose their jobs, they can't pay their bills. Delinquencies won't improve until companies start hiring again and we see a significant economic turnaround."
The composite delinquency rate among eight types of closed-end installment loans rose to 3.23 percent in the January-March period, according to the ABA's consumer credit delinquency bulletin.
That is the highest recorded since the ABA began tracking the rate in the mid 1970s and tops the previous record of 3.22 percent set in the last quarter of 2008. (PESKY CONSUMER LOANS, BUY NOW INTEREST FREE AND PAYMENT FREE FOR FOUR YEARS.)
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By BEN FELLER, Associated Press Writer Ben Feller, Associated Press Writer â 49 mins ago
MOSCOW â Working to turn Russia from antagonist to ally, President Barack Obama asked the Russian people Tuesday to "forge a lasting partnership" with the U.S., but he acknowledged after talks with Prime Minister Vladimir Putin that on divisive issues there won't be "a meeting of the minds anytime soon."
(IS HE TALKING ABOUT THEIR VIEW ON THE DOLLAR?)
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ap
Auto parts maker Lear Corp. files for Chapter 11
Auto parts maker Lear files for bankruptcy protection after receiving support it needed
* By Dan Strumpf, AP Auto Writer
* On Tuesday July 7, 2009, 11:22 am EDT
Companies:
o Ford motor co.
NEW YORK (AP) -- Automotive parts supplier Lear Corp. filed for bankruptcy protection on Tuesday after receiving support it needed from lenders and bondholders to reorganize its struggling business.
The move had been expected from the maker of vehicle seats and electronics, which missed an interest payment on its bond debt last week and revealed its intention to seek Chapter 11 bankruptcy protection from its creditors. The Southfield, Mich.-based company made the filing in the U.S. Bankruptcy Court for the Southern District of New York.
It listed $1.27 billion in assets and $4.54 billion in liabilities. Subsidiaries outside the U.S. and Canada are not part of the filings, the company said.
(SO THATS OVER 3 BILLION DOLLARS TO OTHER COMPANIES THAT WON'T GET PAID JUST FOR THIS ONE PARTS SUPPLIER THAT NOBODY HAS EVERY HEARD OF.)
-------------------------------------------------
ap
Consumer loan delinquencies continue to rise
New study shows consumer loan delinquencies edge up to record high of 3.23 pct in early 2009
* By Stephen Bernard, AP Business Writer
* On Tuesday July 7, 2009, 10:22 am ED
NEW YORK (AP) -- Consumer loan delinquencies edged up to another record high in the first quarter, according to data released Tuesday by the American Bankers Association.
A continued rise in unemployment has been the main culprit for the continued rise in delinquencies, the trade association said.
"The number one driver of delinquencies is job loss," James Chessen, the ABA's chief economist, said in a statement. "When people lose their jobs, they can't pay their bills. Delinquencies won't improve until companies start hiring again and we see a significant economic turnaround."
The composite delinquency rate among eight types of closed-end installment loans rose to 3.23 percent in the January-March period, according to the ABA's consumer credit delinquency bulletin.
That is the highest recorded since the ABA began tracking the rate in the mid 1970s and tops the previous record of 3.22 percent set in the last quarter of 2008. (PESKY CONSUMER LOANS, BUY NOW INTEREST FREE AND PAYMENT FREE FOR FOUR YEARS.)
--------------------------------------------------
By BEN FELLER, Associated Press Writer Ben Feller, Associated Press Writer â 49 mins ago
MOSCOW â Working to turn Russia from antagonist to ally, President Barack Obama asked the Russian people Tuesday to "forge a lasting partnership" with the U.S., but he acknowledged after talks with Prime Minister Vladimir Putin that on divisive issues there won't be "a meeting of the minds anytime soon."
(IS HE TALKING ABOUT THEIR VIEW ON THE DOLLAR?)
--------------------------------------------------
ap
Auto parts maker Lear Corp. files for Chapter 11
Auto parts maker Lear files for bankruptcy protection after receiving support it needed
* By Dan Strumpf, AP Auto Writer
* On Tuesday July 7, 2009, 11:22 am EDT
Companies:
o Ford motor co.
NEW YORK (AP) -- Automotive parts supplier Lear Corp. filed for bankruptcy protection on Tuesday after receiving support it needed from lenders and bondholders to reorganize its struggling business.
The move had been expected from the maker of vehicle seats and electronics, which missed an interest payment on its bond debt last week and revealed its intention to seek Chapter 11 bankruptcy protection from its creditors. The Southfield, Mich.-based company made the filing in the U.S. Bankruptcy Court for the Southern District of New York.
It listed $1.27 billion in assets and $4.54 billion in liabilities. Subsidiaries outside the U.S. and Canada are not part of the filings, the company said.
(SO THATS OVER 3 BILLION DOLLARS TO OTHER COMPANIES THAT WON'T GET PAID JUST FOR THIS ONE PARTS SUPPLIER THAT NOBODY HAS EVERY HEARD OF.)