March 13, 2008

RTFLMAO, truly, as the market tanks!!

I know it is NOT funny and it is not pretty, but it is happening, and the comments on marketwatch are so amusing that it is keeping me from other things ..

Stocks stumble at open on financial, economic woes

NEW YORK (MarketWatch) -- U.S. stocks stumbled at the open Thursday, after a fund managed by The Carlyle Group admitted it's close to collapse, dragging the dollar and boosting oil, while February retail sales were much weaker than expected, fueling concerns the economy is already in recession.

here are 20 comments
Jimo56 1 hour ago
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Jimo56 is ranked in the community as President
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Here we go!
Grog29 1 hour ago
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Grog29 is ranked in the community as President
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Look at that PIG drop...
Consensus; DOW down by at least 450.
Bond yields are plummeting.

LT is ranked in the community as Vice President
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Dow 8,000 and S%26P 75 here we come

mnrobbi is ranked in the community as Vice President
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Dear Ben:

What is up your sleeve now? Can you imagine with a little more luck and your interventions the dollar will be sink to $2 to the euro and all importers in the US will be out of business, by the way, there are a lot of them. In addition the price of oil will probably go up to $150 per barrel. Keep up the good work.

Sincerely,

US citizens

svedka is ranked in the community as Analyst
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I just want to say I second that!

mlmtrr is ranked in the community as President
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Roll over too...


MDASHL is ranked in the community as Vice President
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Their virtual money is virtually worthless. The only thing that has any value in this world is gold, oil and Spam. Hey, you can't eat gold or oil. I'm investing in Spam!

Closb is ranked in the community as Manager
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Wow, this is only the beginning. This is what the US has become weak, weak, weak...How low can we go?Is this the end or did it just begin?

India-naJones is ranked in the community as President
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dont worry guyz....PaPa Ben is ready to storm now.....cant u hear the sound of his Helicopter?????

DrDetroit is ranked in the community as President
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I just had an image of a Bernanke helicopter dropping money over my house - and it occurred to me

The rule goes like this

Sure, you can have helicopters full of money, you can take as much of it as you like BUT - the more you take, the less it's worth little Bobby.

India-naJones is ranked in the community as President
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ohhhh look at his helicopter......its coming...wheeeeeeeeeeee.......he is really a nice cute fellow....but i m worried for his oil bill...he is paying so much in oil for his helicopter....PaPa Ben....y dont u ask ur punters to lower the price of crude ...it will serve u as well as all the citizens of US and the world...plz do it....i know u can do this...just call JP Morgan office....
e
osa1987 is ranked in the community as Analyst
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And we are back!! f****** good job Ben...this fall is going to be harder now! t***!

unclevito is ranked in the community as Vice President
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Sky is falling, sky is falling.

I am getting so tired of this. Nobody expected retail sales to be good. Hasn't this already been priced into the market?

Besides Dow will correct up by the end of the day.

Yawn.

Vito

wait-a-minute is ranked in the community as President
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What at surprise - nice continued support Uncle FED


DrDetroit is ranked in the community as President
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I've been thinking about this.

It might be two things that motivate Bernanke to lower rates.

One - all those ARM's coming due for people monthly, their rates won't be terrificly high - and their foreclosure risk will be lower -that might be one reason - to help the citizens in housing.

The other might be to keep the US Dollar unnattractive so China, in it's troubled moment facing rasing their rates to fend off inflation will not take the white pill marked 1.3 trillion in US currencies they can sell back to the US at any time.

I mean, if China cashes in on all those IOU's Bush left in there, the US HAS to cough it up, BUT - what nation state in their right mind would trade in when the dollar is so crappy.

PERHAPS the economic stimulus package was designed to offset the hard times the lower income folks are sure to see -the ones who make $7 an hour across the nation.

If they spend their money on food, according to Food index - they make $3.50 an hour.

Any thoughts on why Bernanke might be lowering rates knowingly hurting the dollar ?

I thought I'd take a neutral look for a bit.

He's either got something going on with China, housing saviour, or keeping the banks on life support at the expense of the tax payer for the banks bad loans in the first place the way I see it.

But which is it ? or if all 3, what % ?

Or ? anyone have a 4,5 or 6 ?

Jjazz is ranked in the community as President
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Warfare by other means?

Jimo56 is ranked in the community as President
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I wonder when the PPT will ride to the rescue? I wonder how deep their pockets are?

arkady39 is ranked in the community as Vice President
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Don't worry, US hedge funds are making a killing shorting the markets, the dollar, and bidding up oil and gold.

notsofast is ranked in the community as President
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Here in America - Greed seems to have overwhelmed us! - at this point in time! What a sad state of affairs we have got ourselves in! too. What must the people of the world think of us? How much is enough ? Larry Kudlow and James Cramer sure don't know - follow their advise and it's just a matter of time you'll find yourself in the poor house. And these days you'll lose that too. When is enough enough ? You better find out before you're come up broke! "Greed is Good" was just a line from a movie "Not a fact of life" ! after all! Huh That "Greed" is what got us in this fine " Fix " we find ourselves in after all !!!
Uncle Ben's mother used to tell him - " Ben what have you gone and done NOW ? Son don't you ever think things out before doing them . Someday son ! you are going to get yourself in some real TROUBLE doing that, that you can't get yourself out of ! "
Sounds to me Ben's mother was a smart old bird - Uncle Ben is well educated but " SMART " I'm not that sure of and am in the camp with his mother on that point! I'm not that impressed !!!

svedka is ranked in the community as Analyst
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I think Bens' helicopter is taking him back to his alien spacecraft where he will will return to his own planet with all the real money he has siphoned off while he forces us to watch his play money get laughed at.

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