Dow Breaks 10,000 Now What.?
- Thread starter whitedust
- Start date
L
lenny
Guest
good to hear that
booondocker
New member
Kev, it doesn't matter about all that...we are at a point where if the dollar drops in value, people flock to buy oil.<font color="ff0000">•</font><font color="ff0000">•</font><font color="ff0000">•</font><font color="ff0000">•</font> is the new gold standard.
I think that the "real" numbers will be coming out over the next two months, showing a major increase in unemployment, foreclosures are already hitting records over the last 3 months, and this will all come out right at the xmas buying time, causing that market to collapse. This will hit the press heavily, and the stock market will recoil significantly. Remember stock brokers make money with it moving up or down, as it doesn't matter to them.
Couple the fact that many will be moving to close out positions on stocks that have taken a dump as we near the year end, to take the loss on income tax, and you have a receipe for disaster...but then maybe I am wrong
I think that the "real" numbers will be coming out over the next two months, showing a major increase in unemployment, foreclosures are already hitting records over the last 3 months, and this will all come out right at the xmas buying time, causing that market to collapse. This will hit the press heavily, and the stock market will recoil significantly. Remember stock brokers make money with it moving up or down, as it doesn't matter to them.
Couple the fact that many will be moving to close out positions on stocks that have taken a dump as we near the year end, to take the loss on income tax, and you have a receipe for disaster...but then maybe I am wrong
Well to me nothing is fixed. Less bad news maybe but unemloyment up, leveraged banks still in trouble, new housing non existent, real estate market still very depressed & foreclosures steady not decreasing. Obama yesterday stated 70% of his shovel equity plan has been spent. Corps may show better returns but only because they cut the heck out of their work force in cost reductions. I just don't see how we have started a recovery that is self sustaining at thsi point in the process. Taxes have to go up on everything & the Fed has to raise interest rates. To me DOW 10,000 is hollow & don't be greedy take the cash & profits now then reinvest after the next dip & ride that up. Is that Wrong??
Boon,
I am sure there is truth to that. I would not dipute it. Things are not looking good out there like you said. To add to that, yes the dollar is dropping in value, countries are also looking to drop the dollar, not to mention there are a LOT of people with a lot more money than me buying gold. So your receipe for disaster is taking its
full course. Also dollar at new low, and gold at an ALL time high. I also work in the oil/gas industry, and our orders are at an all time low, but overseas they are ramping up, with HUGE orders for oil and gas. They dont have the policies we currently have in our country.
Again, I dont have the answers, but just witness the policy. H and C.
I am sure there is truth to that. I would not dipute it. Things are not looking good out there like you said. To add to that, yes the dollar is dropping in value, countries are also looking to drop the dollar, not to mention there are a LOT of people with a lot more money than me buying gold. So your receipe for disaster is taking its
full course. Also dollar at new low, and gold at an ALL time high. I also work in the oil/gas industry, and our orders are at an all time low, but overseas they are ramping up, with HUGE orders for oil and gas. They dont have the policies we currently have in our country.
Again, I dont have the answers, but just witness the policy. H and C.
There will be a conflict threatening the oil supply line 2nd week in November optimizing profits for Thanksgiving and Christmas. In the year 2010 there will be a refinery shut down or pipeline interruption on Monday May 24th, driving fuel prices up just in time for the Memorial and 4th of July drive time holidays. You can set your clock to it. Never fails!
Yamalaris,
There are always skeduled complete shut downs in the gas and oil industries. Refineries and pipelines replace warn parts, electronics, pipe sections and transmiters that fail out in the field. Sometimes the only way to fix and replace product it to do it all at once. It is a very expensive schedule driven. Everything had to be 100 percent perfect before systems can be brought on line. Pipelines also have to be x-rayed for cracked, broken, and deteriated welds. If none of this gets done, there will be the next Exon Valdez in the back of your yard with 100s of laywers standing in line to sue. Not to mention PETA and the EPA.
Oh well, such as life.
There are always skeduled complete shut downs in the gas and oil industries. Refineries and pipelines replace warn parts, electronics, pipe sections and transmiters that fail out in the field. Sometimes the only way to fix and replace product it to do it all at once. It is a very expensive schedule driven. Everything had to be 100 percent perfect before systems can be brought on line. Pipelines also have to be x-rayed for cracked, broken, and deteriated welds. If none of this gets done, there will be the next Exon Valdez in the back of your yard with 100s of laywers standing in line to sue. Not to mention PETA and the EPA.
Oh well, such as life.
G
G
Guest
The house of cards will sustain itself until Nov. 2010 just after the elections. After that we will have to start paying for all this 'stimulus' money with devalued American currency. Things will suck until the world ends on Dec, 21,2012. Many of us will welcome the end of the world by then.
Interesting thread, I certainly don't want to step in front of an emotionally fueled train. However, something to take note of. There are leading indicators, and there are trailing indicators. As an example, unemployment is the result of slowed sales, it is, therefor, a trailing indicator (the crap has already hit the fan before people lose jobs). The flow of capital is a leading indicator, that is, those with the capital decide to quit sitting on it and invest it for the best return before the recovery, thus benefiting from the price appreciation as the recovery happens. To see the S&P 500 go from 676 to 1092 in 8 months tells me that big money sees the future and likes it.
It takes a long time to clean up after a hurricane ends. But maybe, just maybe, this hurricane has ended, and money flowing back into markets is a solid leading indicator that it has. It will take a long time to clean up the mess, however.
Also, I am neither rich nor an economist!
It takes a long time to clean up after a hurricane ends. But maybe, just maybe, this hurricane has ended, and money flowing back into markets is a solid leading indicator that it has. It will take a long time to clean up the mess, however.
Also, I am neither rich nor an economist!
S
skylar
Guest
I will be in the U.P. sledding on Dec 12 2012.
