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The New York Stock Exchange: Daily Updates (3-16-2011)

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The New York Stock Exchange: Daily Updates (3-16-2011)

Post by Guest on Wed Feb 23, 2011 2:03 am

First topic message reminder :

Because of the problems happening in Libya, the Dow Jones Industrial Average took a serious hit, dropping over 170 points. While I hate to see our economy take a hit, Republicans won't agree to emergency spending for unemployment benefits unless the economy is taking a serious hit. I actually pray every day that the Dow keeps taking hits and sinks below 10,000. We really need something to inspire Republicans to pass emergency unemployment benefits.


Last edited by kemcha on Wed Mar 16, 2011 4:34 pm; edited 5 times in total

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by wilcal on Fri Feb 25, 2011 11:51 am

I wanna add a comment to this thread
about taking unemployment benefits
and IRA withdrawals. Drawing on a
regular IRA is just like taking
earned income. In fact that is what
an IRA is, delayed earned income and
the taxes on it. How much you can
contribute to an IRA depends on your
situation. You CANNOT contribute some
of your Unemployment Insurance income
to your IRA and claim that as a
deduction. To so will get the Feds
angry at you.

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by Guest on Fri Feb 25, 2011 12:05 pm

wilcal wrote:I wanna add a comment to this thread
about taking unemployment benefits
and IRA withdrawals. Drawing on a
regular IRA is just like taking
earned income. In fact that is what
an IRA is, delayed earned income and
the taxes on it. How much you can
contribute to an IRA depends on your
situation. You CANNOT contribute some
of your Unemployment Insurance income
to your IRA and claim that as a
deduction. To so will get the Feds
angry at you.

http://unemployed-friends.forumotion.com/t292-tap-retirement-account-with-care

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by Guest on Mon Feb 28, 2011 10:45 pm

Good grief, two straight days of days ... this is abhorrent. Yesterday, it was nearly 50 points ... today it's nearly 100 points. When is Wall Street going to start dropping significantly?

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by chopthis91 on Mon Feb 28, 2011 10:55 pm

kemcha wrote:Good grief, two straight days of days ... this is abhorrent. Yesterday, it was nearly 50 points ... today it's nearly 100 points. When is Wall Street going to start dropping significantly?

Sometimes I wish it would crash and burn to the ground!

Twisted Evil

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by Guest on Tue Mar 01, 2011 6:59 pm

Well, it's starting to go that way. The Dow Jones IA dropped another 170 points in trading today. Now, if only there would be these kind of losses for the next four weeks ... that would make me happy.

That would be a loss of 3500 points. That would make me extremely happy. Massive layoffs and the tanking of the economy.

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by chopthis91 on Tue Mar 01, 2011 8:46 pm

kemcha wrote:Well, it's starting to go that way. The Dow Jones IA dropped another 170 points in trading today. Now, if only there would be these kind of losses for the next four weeks ... that would make me happy.

That would be a loss of 3500 points. That would make me extremely happy. Massive layoffs and the tanking of the economy.

In my whole life I never thought I would think this way but I'm fed up with Wall Street, the banks (The Fed especially), and big corporations ruining everything America has stood for in it's short existence. It's time to "even the score" if you know what I mean!

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by Guest on Mon Mar 07, 2011 10:32 pm

Wall Street is starting to feel the pinch.

On Wednesday, the stock market dropped 189 points.
On Thursday, it rose 89 points.
On Friday, it dropped 88 points.
Today, the stocks dropped another 80 points.

We need these stocks to keep dropping like this. If it keeps dropping to under 10,000, then maybe that will convince Republicans to do something about that unemployment bill. More and more 99ers are joining our ranks everyday.

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by Guest on Thu Mar 10, 2011 6:01 pm

Wall Street got pummeled with a drop of nearly 200 points. This was due to the Libyan crisis, the downgrade in Spain's credit rating and fears about the unemployment problem in the United States.

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by chopthis91 on Thu Mar 10, 2011 6:22 pm

kemcha wrote:Wall Street got pummeled with a drop of nearly 200 points. This was due to the Libyan crisis, the downgrade in Spain's credit rating and fears about the unemployment problem in the United States.

Let it keep dropping and dropping and dropping.............

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by gettheminNOVEMBER on Thu Mar 10, 2011 6:34 pm

http://www.youtube.com/watch?v=OJgFuKOJXC8&feature=fvst Dog pees like wall street. I hope they all go broke. lol!

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by Guest on Thu Mar 10, 2011 6:38 pm

I hope it continues to drop. They're reporting that it actually dropped below 12,000. I'd be extremely happy if it continued to drop another 2,000 - 3,000 points.

I think the stock market bubble is starting to burst. This is just the first big step.

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by chopthis91 on Thu Mar 10, 2011 6:54 pm

kemcha wrote:I hope it continues to drop. They're reporting that it actually dropped below 12,000. I'd be extremely happy if it continued to drop another 2,000 - 3,000 points.

I think the stock market bubble is starting to burst. This is just the first big step.

PLUS...NO MORE STINKIN' BAILOUTS!!!!!!!!!!!!!!!!!!!!!!!

Twisted Evil

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by Guest on Thu Mar 10, 2011 7:33 pm

They can't. Our country cannot afford that debt. What it will be forced to do is to pass even more Federal extensions for unemployment.

To be truthful about it all, I don't think that neither our economy nor the jobs that are left could survive another economic disaster, despite the fact that there are several waiting in the wings.

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by chopthis91 on Thu Mar 10, 2011 10:15 pm

kemcha wrote:They can't. Our country cannot afford that debt. What it will be forced to do is to pass even more Federal extensions for unemployment.

To be truthful about it all, I don't think that neither our economy nor the jobs that are left could survive another economic disaster, despite the fact that there are several waiting in the wings.

Yeah...the only bailout that is needed is for job creation and unemployment which should have been done in the beginning. Another huge issue is oil and is becoming a big player in this mess. Here's a link that gives some insight on rising oil prices possibly created by speculators...

http://www.thenation.com/blog/159112/how-obama-can-tackle-wall-street-oil-speculation


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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by Guest on Thu Mar 10, 2011 10:24 pm

It gets better, Michigan Governor Rick Snyder is proposing more tax breaks for oil companies in Michigan. Oil companies don't need tax breaks ... they're the only industry not suffering from this horrible economy.

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by chopthis91 on Fri Mar 11, 2011 12:07 am

kemcha wrote:It gets better, Michigan Governor Rick Snyder is proposing more tax breaks for oil companies in Michigan. Oil companies don't need tax breaks ... they're the only industry not suffering from this horrible economy.

I think Apple and Microsoft are still doing very well. Did you hear about Bill Gates? He has given away 1/3 of his wealth and still has $54B!!!! Now he is only the second richest man in the world!! With all those give aways he's another one not paying any taxes because of write offs. Poor Bill!!!!! No


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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by Dazed&Confused on Fri Mar 11, 2011 12:22 am

chopthis91 wrote:
kemcha wrote:Well, it's starting to go that way. The Dow Jones IA dropped another 170 points in trading today. Now, if only there would be these kind of losses for the next four weeks ... that would make me happy.

That would be a loss of 3500 points. That would make me extremely happy. Massive layoffs and the tanking of the economy.

In my whole life I never thought I would think this way but I'm fed up with Wall Street, the banks (The Fed especially), and big corporations ruining everything America has stood for in it's short existence. It's time to "even the score" if you know what I mean!

I have thought this for a long time. We have a Corporate Government. I have worked for 28 years, never, ever saw a time like this and I am a single mom. It is all so very sad that this government would rather help out New Zealand with millions and millions of dollars than help its own and I blame the government for not putting checks and balances on the jerks of Wall Street. I called one bank to have my APR lower on my credit card and they said no. So I told them well how is it you could borrow 30 billion dollars from the feds at 1%. She said, oh we paid that back already. Yes, I said and you are giving million dollar bonuses to employees too right? I didn't pay the bill, for 44 days (it has to be a month and a half) and they called me and asked why. I said because last month I told you I needed you to lower my APR and you said no. Within 5 minutes they lower my rate from 12% to 6% for the next year. It is all a game,. a corporate game.

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by Worrier on Fri Mar 11, 2011 1:25 am

A paper game at the bankers discretion

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by Guest on Fri Mar 11, 2011 11:35 am

World markets fall after Japan's quake
U.S. stock futures edged down, signaling a weak opening for markets in New York.

http://money.cnn.com/2011/03/11/markets/world_markets/index.htm

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by sbraney on Fri Mar 11, 2011 11:49 am

I have thought this for a long time. We have a Corporate Government.

“Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power”
Benito Mussolini

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by chopthis91 on Fri Mar 11, 2011 1:10 pm

sbraney wrote:
I have thought this for a long time. We have a Corporate Government.

“Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power”
Benito Mussolini

Our forefathers warned that corporate power and banks would destroy the country if allowed to grow...

From the Thom Hartman book "Unequal Protection"

"Trade-dominance by the East India Company aroused the greatest passions of America’s Founders – every schoolboy knows how they dumped the Company’s tea into Boston harbour. At the time in Britain virtually all members of parliament were stockholders, a tenth had made their fortunes through the Company, and the Company funded parliamentary elections generously.”


http://www.feasta.org/documents/review2/unequal_protection.htm

"All the perplexities, confusion and distress in America arise not from defects in the Constitution or Confederation, not from a want of honor or virtue so much as from downright ignorance of the nature of coin, credit and circulation.”
–John Adams, at the Constitutional Convention (1787)


"The money powers prey upon the nation in times of peace and conspire against it in times of adversity. It is more despotic than a monarchy, more insolent than autocracy, and more selfish than bureaucracy. It denounces as public enemies, all who question its methods or throw light upon its crimes. I have two great enemies, the Southern Army in front of me and the Bankers in the rear. Of the two, the one at my rear is my greatest foe.. corporations have been enthroned and an era of corruption in high places will follow, and the money powers of the country will endeavor to prolong its reign by working upon the prejudices of the people until the wealth is aggregated in the hands of a few, and the Republic is destroyed."
-Abraham Lincoln


Are we beyond recovery? Makes you wonder doesn't it?


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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by sbraney on Fri Mar 11, 2011 1:32 pm

The Fed's Credit Report

"What's disturbing about the report is that the two main areas of improvement are auto loans and student loans.

So, we're back to "Square 1", right? GM is offering "72 months zero percent financing" to people with dodgy credit. And then the dodgy loans are being chopped up, glued together, and sold to as bonds to "yield seeking" institutional investors around the world.

The credit issued via student loans soared from $317 billion to $342 billion from December to January, a $25 billion windfall in just one month. But, as we pointed out in an interview with Professor Alan Nasser, the student loan business is the biggest swindle of all. Bigger than subprime by many orders of magnitude. Here's an excerpt from the interview:

MW--Is it fair to say that the student loan industry is a scam that targets borrowers who will never be able to repay their debts?

Professor Alan Nasser---"It's as fair as fair can be....How many of these students are subprime borrowers? That is, how closely do student loans resemble junk mortgages? The answer hinges on three factors: how these loans are rated, how likely the borrower is to repay, and the default rate on student loans."

http://counterpunch.org/whitney03112011.html


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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by Guest on Fri Mar 11, 2011 1:32 pm

The stock is already down 40 points.

HOORAY


Keep losing points, Wall Street!!!

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by chopthis91 on Fri Mar 11, 2011 1:42 pm

kemcha wrote:The stock is already down 40 points.

HOORAY


Keep losing points, Wall Street!!!

The earthquake in Japan is contributing.

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by sbraney on Fri Mar 11, 2011 1:57 pm

Why would you be cheering? The so-called regulatory "reform" legislation will allow the taxpayers to bail them out again...

Remember: Capitalism doesn't fail because it always has socialism to bail it out.

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Re: The New York Stock Exchange: Daily Updates (3-16-2011)

Post by Sponsored content Today at 2:06 pm


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