Nice links, Sarge.
Watching eur/usd here. Transports look bad.
Thank you. Transports do appear to be heading down.
Time will tell.
euro flashing weak vs $FRN.
bad T auction?
Not sure.
Looks like a 4 year old gets no further home buyer tax credit if this is correct.
http://www.bloomberg.com/apps/news?p...d=a.4PpTEJ9xjU
These idiots can't make up their mind first on anything. SAD, SAD
http://www.bloomberg.com/apps/news?p...d=aNanECYf1Ku4
Read this one close. You are going to see more of this each week,
http://www.bloomberg.com/apps/news?p...d=a4PUoE8hQiCQ
failing debt service means more problems coming up.
I forgot to add these two. CAT to cut 2K that were laid off.
Electrolux to close two plants 800 jobs lost and move the plant to Mexico. Sucking sound?
Speaks for itself what is coming next,
http://www.bloomberg.com/apps/news?p...d=aL1VaEk9ShZk
And this is just great unless you have an Alt A ready for reset and can't refi as you are under water,
http://www.bloomberg.com/apps/news?p...d=aBDc6X_kkrDw
We've been going thru a denial phase while the fed tried to prevent complete meltdown.
Now the banks have built reserves, the fed can (be forced to) tighten up and reality comes back.
It's all about about the bank cabal.
From the article re: Ford concessions,
What is the international union? Never heard of it. Is UAW international?“There’s a lot of pressure from the international union to accept this, but people aren’t buying it.”
The bigger government gets, the smaller I wish it was.My new motto: More Love, Less Laws
They have Ford plants in other countries. There is a UAW international.
Take a look at this one and read it close. Let's see. we are going to owe 5B in Dec. and we will have 2B.
http://www.bloomberg.com/apps/news?p...d=aVsUEy5M5ObU
Start singing NY NY. Divide 3B by how many New Yorkers to come up with the cash by Dec when the bills are due. Happy Holidays all.
What do they not understand about bills due vs. this or that. Cough up the cash now is how I read it.
CA should have a similar story within hours, days, weeks or even seconds.
Last edited by Sarge; 10-26-2009 at 04:07 PM.
I remember (K)Crammer on Mad Money not too long ago was recommending CAT....his reasoning was something about CAT vehicles being bought by foreign (Chinese) companies to build their infrastructure. I never pay attention to him.Originally Posted by Sarge
NY gets federal aid? WTF?
This is what we in NY are doing with our federal aid, replacing new highway signs with newer ones!!! A big Thank You to the rest of the 49 states
I think a lot of states got aid during this mess. Problem is what do they do when we tank again?
Great use of money for bigger signs. Pot holes will ruin your car, but you can see where you are going.
I will give credit to AZ in using the funds to get a horrible traffic jam taken care of on I 10 between Phoenix and Goodyear. They have been working around the clock. Many hours wasted on stalled traffic. Add in the traffic that comes from CA. The bottle neck is between Phoenix and Goodyear and it affects millions of drives a year.
Traffic to and from Phoenix and Goodyear each day along with all the traffic coming and going to CA. Wise use to help millions of travelers save time, money and gas. Only 30 miles but, a nightmare for truckers and cars. It should be done before much longer.
People will save in energy cost on this project.
Heads up all. Bond market starting to look ugly.
Read this TF post both pages. The Govt. is about to get it back on their spending spree and corruption.
http://www.tickerforum.org/cgi-ticke...=115757&page=2
Things are sick big time. We all will suffer, but the key is to suffer less if possible.
The kid was around when they had 12 and 16 percent CD'S, and I have a feeling it is going to be 40 or 50 percent this go around. If the Asia markets tank tonight it could impact the am.
LOL my uncle (not a stock broker or financial analyst) recommended me the same thing a few months ago. He also recommended me Boeing because of the same reason.
Chart from Daneric tonight. Do ya just think there might be some margin calls tomorrow?
http://3.bp.blogspot.com/_TwUS3GyHKs...OS_CHARTS4.png
More auctions on 10/31 IIRC.
Something's up. It's showing up in the credit and currency markets first.
They need to perp walk some bankers to restore confidence. Problem is it's the same bankers the are PDs buying in the auction.
I agree. We are not the only ones seeing things are not right. It might take time to play out but, I am wondering if the dominoes have tipped, and they are in slow motion free fall.
Something is not right for sure. There are more auctions this week and if the bonds blow, look out below.
Finally it looks like SHTF TEOTWAWKI might happen again. It sucks to see all the sheeple lose everything they own, but staying up all night around this time last year while I watched the collapse unfold before my eyes was pretty exciting. You have to admit it.
(P.S. I'm referring to those nights where we were all on these forums around 3-5 am watching the collapse happen before our very eyes, only to have the Fed intervene around 6 am to stop the collapse.)
Consumer confidence tanks. Came in at 47.7 vs. expected of 54.0.
Kiss off the holiday shopping. Backs up what I was seeing at stores here.
What a joke on how they try to spin this to getting better.
"10:04 AM October Richmond Fed Manufacturing Index: down 7 to 7, vs. consensus of 14. Central Atlantic manufacturing activity expanded for the sixth straight month, with broad indicators continuing to grow but well under September's pace. Backlogs fell further into negative ground. Business prospects for next six months were more positive. Prices expected to grow at quicker rates."
Falling off a cliff for six month is growing? Backlogs falling into negative ground. Prices expected to inflate. Yep, all is well.
The spin masters are not even funny anymore.
So, this time, what can the Fed do? Interest rates are 0. They can't go any lower. What else can they do?(P.S. I'm referring to those nights where we were all on these forums around 3-5 am watching the collapse happen before our very eyes, only to have the Fed intervene around 6 am to stop the collapse.)
Seems like "they" stopped a breakdown this morning in gold, euro, s&p.
Watching the euro.
tick tock.
Are you in England?
I am looking for S&P 1049 next. Several mortgage companies were downgraded today. I wonder why? Could it just be more write downs. I am hearing 299 B still needs to be written down yet. Rockwell Collins cut close to 400 in CA today.
Moving on up,
"The treasury just auctioned off 2-Year Notes at High Yield of 1.02%, Bid to Cover of 3.63."
44 B at higher rates. Hey Tim and Ben are you getting the hint of things to come?
Ruh Roh!
http://www.bloomberg.com/apps/news?p...d=a.yQT13_FsAk
Then they get hit with bad earnings tonight. Oh wait, did the SEC investigation had anything to do with the bad results tonight?
Apollo Group Q4 net income 59c vs $1.43
Just saying.
Looks like the Dow holding that big trendline so far - due to PPT? Smells like the fed. Other indices much weaker.
Gold holding so far, but Silver down, Euro dropping.
May gap down overnight. They like to sneak it like that.
Not in England Sarge.
Things are really, really, really better.,
http://finance.yahoo.com/news/Norfol....html?x=0&.v=6
Can all say together off a cliff, on the count of three?
Bye, Bye Miss American Pie. All Chevy's will meet at the levies to die.
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