Economy is starting to turn around.

Greg_Cornish · Post by **Greg_Cornish** » Wed Mar 11, 2009 4:30 pm

Homes are selling and the market is turning around. Airline travel is up. People are spending again. COOL!

StockOption · Post by **StockOption** » Wed Mar 11, 2009 5:24 pm

Can I borrow $20?

C'mon I'm good for it.

Rod Martin · Post by **Rod Martin** » Wed Mar 11, 2009 7:30 pm

Marty · Post by **Marty** » Wed Mar 11, 2009 8:01 pm

Wake up Greg â€“ Wake up Greg â€“ your having a dream!

7 straight days of a down market and one up is not a recovery â€“ tomorrow it will go down again.

StockOption · Post by **StockOption** » Wed Mar 11, 2009 10:25 pm

I didn't want to break his heart and bring up all the hiring freezes, salary reductions, layoffs and travel bans in place at most companies now a days.

Ohh yeah things are turning around REAL fast.

Ohh how I long for the good old days of 2004 and 2005.

LOL

And thanks Greg you know I could use that $20

Greg_Cornish · Post by **Greg_Cornish** » Thu Mar 12, 2009 5:49 pm

Hmm 2 days in a row

Skeeterman · Post by **Skeeterman** » Thu Mar 12, 2009 6:07 pm

Don't pop a willie Greg second round of forclosers is comming will see what happens.

Greg_Cornish · Post by **Greg_Cornish** » Thu Mar 12, 2009 6:46 pm

Now I don't care about that W either.

Skeeterman · Post by **Skeeterman** » Thu Mar 12, 2009 7:01 pm

Dan McKenzie · Post by **Dan McKenzie** » Fri Mar 13, 2009 3:55 am

yes we'll turn the corner at some point, the economy has a ways to go before its righted. its really too bad that it was allowed to go so far before a real effort was made to right it. on the other hand by allowing it to bottom out it has created many new opportunites for people to gain wealth.

at least I can make some money in the markets. they're having a blue light special on blue chip stocks, buy buy buy. the pessimists will sit around and whine how F'n bad things are, cry about a lost election, losses from their lousey 401k ripoff plans. I just bought a rental house in oakley for 49K at auction, as far as I am concerned this downturn will be a windfall for some . dont get caught up crying about what you can't control, think about what you stand to gain when this economy does (and it will) turns the corner. GE is under 9 bucks, ford is like 1.80. I bought 30k shares of sirius XM at .3 cents, sold it yesterday at .19. They're giving away cars and trucks, you can buy a house dirt cheap, interest rates are in the cellar. And top it off gas is 2 bucks a gallon and we can zoom our boats all over hell and back dirt cheap.

Ringer · Post by **Ringer** » Fri Mar 13, 2009 5:36 am

IMO if we get a good day today the greed factor will kick in and people will start moving cash into the market big time. Most companies have used this economy as an excuse to cut massive numbers of employees and labor is the top cost in any biz. Basically a fleecing of America's 401k savings by the market. Sick stuff but you watch the same motive drive the market once people feel it is coming back up. The boomers will go down as the most screwed generation in history. A relatively small number of unscrupulous Wall streeters, corporate execs, real estate scammers, thieving banks and the government just stole trillions. The next generations are also screwed by having a huge debt to pay. Sick stuff.

Dom · Post by **Dom** » Tue Mar 17, 2009 5:35 pm

Great outlook Dan, I like it !

Yep I am spending money like I got it also

I figure if the bottom falls out ill finally quit running my mouth and just do it, move back home to Texas I got family, friends and a job waiting on me when I am forced to make that move. So bring it on

Greg_Cornish · Post by **Greg_Cornish** » Tue Mar 17, 2009 7:31 pm

Up again!

StockOption · Post by **StockOption** » Tue Mar 17, 2009 10:12 pm

Try to pay attention here:

http://news.yahoo.com/s/ap/20090318/ap_ ... _they_know

Thank God for W ehhhhhhh Dan?

Skeeterman · Post by **Skeeterman** » Tue Mar 17, 2009 11:13 pm

I think obama should put KY Jelly in the stimulus package that way when he bends the american people over it won't hurt so bad.

smittyfish · Post by **smittyfish** » Wed Mar 18, 2009 3:56 am

I think he is going to dunk it in sand and break it off in us. We are going to feel this one for a long time.

I had to agree with Kurt a while back and say that it is a POS legislation. I don't agree with Kurt very often.

Marty · Post by **Marty** » Wed Mar 18, 2009 5:53 am

Way to go Smitty, this is just the first step is to agree with each other.

Greg â€“ how many days is that 3 â€“ you do know that the market hit it lowest in 13 years (way back to Clinton Admin). So let me rephrase the 13 years. It was low during Clinton â€“ it was high during Bush â€“ now it is falling fast for Obama.

Dan â€“ Iâ€™m doing the same thing as you but in Colorado and not California â€“ this state is just starting to really hurt.

Greg_Cornish · Post by **Greg_Cornish** » Wed Mar 18, 2009 8:01 am

Marty wrote: it was high during Bush â€“ now it is falling fast for Obama.

I guess you have a short memory. My memory tells me that it was bush who announced the economy was going to hell in a hand basket and if we didn't bailout the banks the times would be "Worse than the great depression."

Its funny how the conservatives want to just the economy by the stock market only when they have power, they don't want to include the rate of employment, or the cost of war in the national budget etc etc. When people were losing well paying jobs and we gained a lot of jobs at Starbucks, Burger King and Macdonalds the conservative saw the number of new jobs as a positive. I guess it didn't matter that most new jobs wouldn't support a person.

When this was happening and my brother was making a killing in the stock market, he'd grin and say, Then economy looks pretty good to me. I tell him, "Well you grew up and made your bucks in a different time."

He's trying to find a place for his IRAs to make more than 1.5% now.

I don't think you can blame this economy on a President who's help office around 60 days. You can sure try to spin it that way though if you'd like. You gotta face the fact someday that we'll be feeling the "Bush effect" for a long long time.

Rod Martin · Post by **Rod Martin** » Wed Mar 18, 2009 8:05 am

Greg_Cornish · Post by **Greg_Cornish** » Wed Mar 18, 2009 2:20 pm

Once again.

Marty · Post by **Marty** » Wed Mar 18, 2009 4:33 pm

Greg â€“ when it get back up over 2000 then I will say it is going up.
Just because a rock falls and bounces once or twice does not mean it is going to fly.

How many jobs did BHO said he will get? Was that 3,000,000?

Greg_Cornish · Post by **Greg_Cornish** » Wed Mar 18, 2009 5:19 pm

Marty wrote:How many jobs did BHO said he will get? Was that 3,000,000?

Who listens to politicians? They all lie. I'm just happy to see the economy turning around.

Rod Martin · Post by **Rod Martin** » Wed Mar 18, 2009 5:51 pm

Greg_Cornish · Post by **Greg_Cornish** » Wed Mar 18, 2009 6:14 pm

Rod Martin wrote:Greg , you're easy to please.

If I fart and tell you its windy, is it?

Sounds like you should get into politics.

Bob Simard · Post by **Bob Simard** » Wed Mar 18, 2009 8:15 pm

Very Early indicators are starting to look up.

P/E ratios are at historic lows. There's a record amounts of cash on the sidelines.

Prediction: As stability trickles back into the economy, the cash will flow back in driving up prices. The market goes down because there's more sellers than buyers. All these sellers are sitting on cash.

When it flows back into the market - it will become a flood. Time it right and make a fortune. I'm calling it Q4 - 2009 OR Q1 2010.

We tend to forget after extended periods of growth that the economy is cyclical.....

Greg_Cornish · Post by **Greg_Cornish** » Wed Mar 18, 2009 8:24 pm

My brother predicts it'll bottom at < 5,000.

Bob Simard · Post by **Bob Simard** » Wed Mar 18, 2009 8:41 pm

That's a nice round number. Calling the bottom? He's got more stones than me!

What's he base 5k on?

Greg_Cornish · Post by **Greg_Cornish** » Wed Mar 18, 2009 9:29 pm

Bob Simard wrote:That's a nice round number. Calling the bottom? He's got more stones than me!

What's he base 5k on?

Intuition, He's been in the market for 50 years. His first stock was a soybean company. He bought 1300 share at 50 cents.

His investment doubled in 1 year. He sold half to a buddy and kept half. The company filed bankruptcy and was bought by another company which went bankrupt. He threw the certificates in the back of a file and forgot about it. During that time he made some very smart investments, mostly in mutual funds and commercial rentals. He retired at 50 and just invested.

A few years ago he found those old certificates and started calling around to see if they were viable. He found the company had sold and split many times and he now owned 49,000 shares at $11 a share.

He was at the age where the market was no longer a place for his money and with only 200,000 shares being traded daily he couldn't just sell off. It would drop the bottom out. It was just a Canadian penny stock. He sold it off little by little and it all went for $7+ Of course thats not the only investment he's made but one of the luckiest.

He got out of the market completely two years ago with all his friends calling him an idiot. They saw no end in sight. He was making 2 percent on his money and they were still doing 7 to 15 percent a year.

They don't bring it up much any more and he feels very badly for his friends. That's what I like and respect about the guy. He'd never rub it in even after the really hard time everyone gave him and he genuinely wishes they would all succeed.

I think he's a combination of lucky and smart. Anyway it'll be interesting to see if he or I are right. I told him it hit it's bottom, he says 5,000

You see that little STKL ticker in my graphic? That's the stock. Its trading around a buck now. Seems the company was found to have been pulling some shenanigans with the books shortly after he sold and it plummeted.

Bob Simard · Post by **Bob Simard** » Thu Mar 19, 2009 6:56 am

Calling the bottom is tough. Price (of stock) to earnings (of company per fiscal period) has been lower. In the early 80s it was down around 7. Any time sooner than that I wouldn't take into consideration because the market participation makeup was a much different blend (no mass 401k participation for example.)

Remember Black Monday in the early 80s? We saw a severe drop then in PE, from 18 to 14 in a real short time. Soon after we saw the longest bull run in history.

The difference in today's world is with the information age, so many participants in the market (401ks, 403bs, etc) know all these numbers, yet haven't a clue what they mean. When the market drops 2 - 4 percent, it hits the first page of Yahoo. When it climbs small amounts, or even remains stable - no news. And how many people REALLY know what that means? (It's real simple - Market goes down, More sellers than buyers. MArket goes up, more buyers than sellers.)

What I'm basing my 'near the bottom' call is the P/E ratio combined with the number of big fund managers who have quitely sold off equity positions in small chunks over the past 9 - 12 months and are sitting on as much as 20 percent of total assets in cash. Once we get an inckling of stability, they'll jump back in in force.

i.e. more Buyers than Sellers - and up she goes again......

Rod Martin · Post by **Rod Martin** » Thu Mar 19, 2009 8:14 am

Marty · Post by **Marty** » Tue Mar 24, 2009 7:58 pm

Greg,

Answer me this question â€“ the market jump 500 points the other day (we are now only about 1400 points down since Jan 09) â€“ tell me want was the dollar is worth today?

Bass Attack · Post by **Bass Attack** » Tue Mar 24, 2009 8:48 pm

Face it Marty....The president hasn't even been in office for 6 months and things are already starting to improve....Sure it is going to take time, a good long time, for him to undue all the problems created by your icon of idiocy G. W. Bush, but it seems we are well on the road back to to prosperity of the Clinton years......

By the way I thought you were going to stop disrespecting the proud flag of this great nation....You are violating the U.S. Code and that constitutes a felony you know. Show this country and our proud flag some respect and loose that shirt....That flag belongs on an honored standard, not on some guys back.....

Marty · Post by **Marty** » Tue Mar 24, 2009 9:32 pm

Bass Attack wrote:Face it Marty....The president hasn't even been in office for 6 months and things are already starting to improve....Sure it is going to take time, a good long time, for him to undue all the problems created by your icon of idiocy G. W. Bush, but it seems we are well on the road back to to prosperity of the Clinton years......

By the way I thought you were going to stop disrespecting the proud flag of this great nation....You are violating the U.S. Code and that constitutes a felony you know. Show this country and our proud flag some respect and loose that shirt....That flag belongs on an honored standard, not on some guys back.....

Well Wife of Ron, did he let you out to night! Say something that is original and not something you heard from someone else!

StockOption · Post by **StockOption** » Tue Mar 24, 2009 10:17 pm

Bass Attack wrote:Face it Marty....The president hasn't even been in office for 6 months and things are already starting to improve....Sure it is going to take time, a good long time, for him to undue all the problems created by your icon of idiocy G. W. Bush, but it seems we are well on the road back to to prosperity of the Clinton years........

LOL

Can you get quantity of that liberal weed you have obviously been smoking way, way too much of?

Please.

Let me guess Pelosi, Reid, Franks, Dodd...etc etc etc are in no way whatsoever contributors to this mess, right? Take another hit.

LOL

Now we have at best a rookie "president"...errr....strike that......we have a celebrity who felt it far more important to pick college basketball winners, make an appearance on a variety show and then laugh it up on 60 minutes, all done while the nation screams over bonuses paid out as specified in his POS "stimulus" bill that NO ONE even read. Perfect.

LOL

Ohh yeah........toke, toke, toke...way better.

Indeed.

Ohh and only an out of touch fool could post this drivel less than 6 months in and truly believe it:

"we are well on the road back to prosperity"

Unless of course they were high from that good old liberal weed.

(PS: Here's another clue bright eyes; there's a distinct difference between a flag and SHIRT. Duh.)

Bob Simard · Post by **Bob Simard** » Wed Mar 25, 2009 3:38 am

Pennies Marty!

Seriously - to me it's a moot point. When it comes to money - what the idiots in Washingtn do (or did) is way beyond my sphere of control - with the execption of shifting resources to busnesses targeted for government welfare.

Perhaps it makes me unpatriotic, but I'm a capitalist first, Republican second!

BTW - Seig Taylor is a buddy of mine from way bck in the day (money house Seig Dawg!). And I think yours and his Tourney Get-ups are cool!

God bless America

-Bob

Bob Simard · Post by **Bob Simard** » Wed Mar 25, 2009 3:44 am

Were you a big supporter of NAFTA?

I was!

Best thing for 'American Commerce' - not US - the Bill Ever Did.

You were behind it 100 percent correct?

Can you name 3 key things Bill did (hint - Or DID NOt DO) to assist in the boom thatoccured during his tenure?

Thought so - Now

Go fix Jed..... er....... Ron some Vittles and get Jethro out of the Cement Pond!

Bass Attack · Post by **Bass Attack** » Wed Mar 25, 2009 7:12 pm

"Say something that is original and not something you heard from someone else!"

In words reminiscent of those spoken by that Republican icon, the galloping gipper himself Ron "I tried to kill as many people as Stalin" Reagan I say...Mr. Marty tear that flag off!!!....

When I see the stars and stripes, my mind automatically jumps to all the patriots that have shed blood and have had their own blood shed to protect Old Glory and all that she stands for....Once again that flag belongs on it's proud standard, not on the back of a sweaty fisherman...From a moral standpoint, I would never disrespect the proud icon of the greatest country on earth, the United States of America, by wearing it as a common garment. Yet I don't dictate morality...Pat Robertson (Ronnie's Buddy) believes that is his job and I don't want to step on his toes. From a moral standpoint, if you want to disrespect our proud flag and offend all the true patriots such as myself that love this nation and all it stands for, by all means go for it....However this situation is not weighed from a moral standpoint...This is a legal issue. The U.S. Code dictates that disrespecting the flag is indeed a felony....Being the patriot that I am I just can't set back and bite my tongue while Old Glory is disrespected. Put that flag back on the proud standard where it belongs....In doing so not only will you be showing respect to our proud flag, but you'll also be respecting federal law...

Skeeterman · Post by **Skeeterman** » Wed Mar 25, 2009 8:13 pm

I thought wearing a stars & strip shirt is free speech? Whats wrong with that .To me its showing that your proud of this country and thiers diffantly nothing wrong with that. If it was wrong to wear a shirt like that they would be ellegal to make.

Thunnus Salmoides · Post by **Thunnus Salmoides** » Wed Mar 25, 2009 8:15 pm

This is how Bill Ayers and the left treat the flag. You don't seem to have a problem with this, do you Bass Attack.

Skeeterman · Post by **Skeeterman** » Wed Mar 25, 2009 8:33 pm

BassAttack,
Why don't you ask Odummy what he thinks about the American flagThe plane that he was useing he told the mechanics to take it off from the tail.Next time you see him on tv you will not see the flag pin on his coat.He doesn't believe in the flag.is that shamefull or what?

StockOption · Post by **StockOption** » Wed Mar 25, 2009 9:03 pm

Please pick the disrespectful loser in this actual photo:

This one should be easy, even for you bASS ATTACK.

LOL

Marty · Post by **Marty** » Wed Mar 25, 2009 9:12 pm

Wife of Ron,
Does the shirt I ware piss you off?

Rod Martin · Post by **Rod Martin** » Thu Mar 26, 2009 5:44 am

Bass Attack · Post by **Bass Attack** » Thu Mar 26, 2009 6:39 am

No rod once again and as is generally the case you don't know what you are talking about. Disrespecting the flag is a violation of the U.S. Code and constitutes a felony...

Bass Attack · Post by **Bass Attack** » Thu Mar 26, 2009 6:45 am

Here is the actual law that demonstrates that the wearing of Old Glory is a violation of the U.S. Code........learn it, live it, love it!!! God Bless America!!

The United States Code

The United States Code is the official, subject matter order, compilation of the Federal laws of a general and permanent nature that are currently in force. In accordance with section 285b of title 2 of the U.S. Code, the Code is compiled by the Office of the Law Revision Counsel of the United States House of Representatives. The Code is divided into 50 titles by subject matter. Each title is divided into sections. Sections within a title may be grouped together as subtitles, chapters, subchapters, parts, subparts, or divisions. Titles may also have appendices which may be divided into sections, rules and/or forms.

United States Flag Code Title 36 Chapter 10

Â§176. Respect for flag
No disrespect should be shown to the flag of the United States of America; the flag should not be dipped to any person or thing. Regimental colors, State flags, and organization or institutional flags are to be dipped as a mark of honor.
(a) The flag should never be displayed with the union down, except as a signal of dire distress in instances of extreme danger to life or property.
(b) The flag should never touch anything beneath it, such as the ground, the floor, water, or merchandise.
(c) The flag should never be carried flat or horizontally, but always aloft and free.
(d) The flag should never be used as wearing apparel, bedding, or drapery. It should never be festooned, drawn back, nor up, in folds, but always allowed to fall free. Bunting of blue, white, and red, always arranged with the blue above, the white in the middle, and the red below, should be used for covering a speaker's desk, draping the front of the platform, and for decoration in general.

Skeeterman · Post by **Skeeterman** » Thu Mar 26, 2009 7:12 am

I wonder why they don't up held that law?Maybe because its freedom of speech still.By the way BassAttack you didn,t answer the Obama ?The man doesn't even care about the flag.Im sure if had a chance he would wipe his a$$ on it. What do you think?

Rod Martin · Post by **Rod Martin** » Thu Mar 26, 2009 7:21 am

Rod Martin · Post by **Rod Martin** » Thu Mar 26, 2009 8:05 am

Bass Attack · Post by **Bass Attack** » Thu Mar 26, 2009 8:05 am

As a great American patriot, I know when someone is disrespecting the flag....Face it, you guys can call me a liberal and all that, but Marty is the one disrespecting the flag and you're the one defending him....Why is it so hard for you guys to show the flag the respect it deserves...Why do you hate America? This great nation has done a lot for me and I treat our proud flag with respect. If respect for the flag is one of the cornerstones of patriotism, which I believe it is, you guys are certainly receiving failing marks.....

Tear off that shirt!!

Rod Martin · Post by **Rod Martin** » Thu Mar 26, 2009 8:25 am

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