yes, just met with a guy last evening who bought a new house in france from his recent earnings. the doom and gloom seems to be media hype driven, unfortunately for me!
surf
Neely, Prominent Elliot Wave Analyst, Says Equity Market To Drop 50% In Next 6 Months
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yes, just met with a guy last evening who bought a new house in france from his recent earnings. the doom and gloom seems to be media hype driven, unfortunately for me!
surf
I hear anecdotal reports from a few on here about how nothing has changed in New York, and then I read article after article like this:
http://www.nytimes.com/2009/04/04/business/04restaurant.html?_r=1&scp=3&sq=restaurants&st=cse
http://weblogs.amny.com/entertainment/urbanite/blog/2009/06/economy_driving_nyers_to_go_ou.html
Someone's got it very wrong.
And Clubber, you don't know anyone who has lost their job in New York, but you know people who have seen half the people in their department lose their jobs.
Isn't that splitting semantical hairs in the bigger picture???
http://www.nytimes.com/2009/04/04/business/04restaurant.html?_r=1&scp=3&sq=restaurants&st=cse
http://weblogs.amny.com/entertainment/urbanite/blog/2009/06/economy_driving_nyers_to_go_ou.html
Someone's got it very wrong.
And Clubber, you don't know anyone who has lost their job in New York, but you know people who have seen half the people in their department lose their jobs.
Isn't that splitting semantical hairs in the bigger picture???
S2007,
I seriously just sat here going through a mental list of people. I can't think of a single person who doesn't have a job. Infact, I don't know anyone who even lost their job at any point in the last 2 years (my friends who worked at Bear never even missed a day, JP kept them on from day 1).
That being said, a few have been very worried that they would be canned or have salary cuts, but it never happened (thankfully).
EDIT- I'm not counting friends who were traders and blew out their accounts. There are a couple of them, but I don't count that as "losing your job" b/c you were self employed.
Not to sound sarcastic, surf and clubber, but you guys must be really, really insulated from the downturn.
If so, good on you.
When I read that Annie Leibovitz was pawning her best work for a glorified payday loan, and Harry Macklowe gave back the GM Building and a whole portfolio of other prime Manhattan properties, and Manhattan office rents fell from $130/square foot to $48, and newly built condos are selling for 50% of what they were in 2006 in Manhattan, I guess none of that is because the economy in New York has turned down.
Hell, Tavern On The Green and Cipriani probably went belly up because the economy is great.
If so, good on you.
When I read that Annie Leibovitz was pawning her best work for a glorified payday loan, and Harry Macklowe gave back the GM Building and a whole portfolio of other prime Manhattan properties, and Manhattan office rents fell from $130/square foot to $48, and newly built condos are selling for 50% of what they were in 2006 in Manhattan, I guess none of that is because the economy in New York has turned down.
Hell, Tavern On The Green and Cipriani probably went belly up because the economy is great.
Not sure, I follow mostly the DOW (as that is what I trade), thank you in advance for reminding me that the S&P is what I should truly watch, yes I am aware but I never needed to watch it, call it old school.
But it feels that the media/specialist are calling for a 10% correction (dow wise) and we would be around that in the 8,200ish level...which we seem to be approaching.
I must admit I still have a feeling of bullishness. Even though the market has fallen, a lot of professional managers are saying we won't see a "drop" but rather "erosion".
<shrugs> I don't know to be honest but if the 8K level starts getting shaky again then yeah we could be headed for some sort of good % loss.
-troll
But it feels that the media/specialist are calling for a 10% correction (dow wise) and we would be around that in the 8,200ish level...which we seem to be approaching.
I must admit I still have a feeling of bullishness. Even though the market has fallen, a lot of professional managers are saying we won't see a "drop" but rather "erosion".
<shrugs> I don't know to be honest but if the 8K level starts getting shaky again then yeah we could be headed for some sort of good % loss.
-troll
I know 8 people geting a job in NYC next week...
Tavern's food was awful. People went for the views and the experience so they could tell their friends back home that they went to "TOTG".
Cipriani wasn't much better. Decent food at extravagant prices.
Quote from ASusilovic:
I know 8 people geting a job in NYC next week...
LMAO.
This guy is one of the worst traders I've EVER seen!!! He uses 50 point stops and gets stopped out at a couple of ticks above/below highs/lows consistently. I asked him to provide his track record because I wanted do join his service a while back and check it out. The response was something along the lines of, "ummm....we don't do that."