SIRI Intraday Thread: Thursday, March 26th

Printable View

Show 20 post(s) from this thread on one page

03-26-2009, 02:03 PM
relmor2003

Quote:

Originally Posted by Newman

choirgirl: 10 or 12% unemployment? You must think the worst is yet to come... we are barely at around 5% now. You expect to double that rate (and then some) over the next few months?

Turn off the news. It will be ok. Think happy thoughts...

5%? What figures are you looking at. Last I saw it was over 7. Not tryign to argue with you here, just wondering where you get that figure? I think unemployment tops at around 10%-12%. Difference with be made up in government jobs, and stimulus spending to make it look better than it is. I.E. Roosevelt.
03-26-2009, 02:04 PM
JohnnyIrishXM

Quote:

Originally Posted by john

You are correct, Newman is correct. The investors holding the paper at the end of the day wins. That is why there was a easy way to take care of this whole mess without having massive bailouts. Just change the mark to market rules that were put into place after and because of ENRON. Then put the up tic rule back in. and a few other things and there would have been no need for the bailouts on the scale that they were.

P.S. because the government is the one holding much of this paper through owning much of the companies that now hold them is the only way we may not have the inflation that is coming. The problem is there is a cost to it NOW (because of the way the government did it using loans first instead of changing the rules back first), we become more like France.

John(parles vous francais) 1 time i wish i wasn't correct,but an old saying is dance with the girl you brought to the dance.and the Greed of keeping up with the Jones's mentality of America is finally coming due to pay the piper!!!
03-26-2009, 02:05 PM
Beach Gambler

there went a 400 share signal
03-26-2009, 02:06 PM
Beach Gambler

now a 100 one
03-26-2009, 02:06 PM
underway

Quote:

Originally Posted by Newman

choirgirl: 10 or 12% unemployment? You must think the worst is yet to come... we are barely at around 5% now. You expect to double that rate (and then some) over the next few months?

Turn off the news. It will be ok. Think happy thoughts...

I think unemployment is around 8% which really sucks, since 4% is considered as 'full employment'. I don't think we'll hit 10 though. I do believe economy is bottoming out now and will start to recover over the late spring/summer. The question in my mind though, is how long will it take to 'start recovering' enough to get us to the next boom cycle. That's the sweet spot for owning a ton of shares in anything emerging. I've bet on SIRI for that one. We'll see!
03-26-2009, 02:07 PM
bananaz

Quote:

Originally Posted by Newman

choirgirl: 10 or 12% unemployment? You must think the worst is yet to come... we are barely at around 5% now. You expect to double that rate (and then some) over the next few months?

Turn off the news. It will be ok. Think happy thoughts...

It was 8.1 in Feb. http://www.bls.gov/cps/
03-26-2009, 02:08 PM
Brandon Matthews

C'mon...push the damn button!:annoyed:
03-26-2009, 02:09 PM
RU Sirius

What gives?

Rest of the market is running well today. Volume has stalled. Is this thing going to pop Brandon?
03-26-2009, 02:11 PM
Beach Gambler

Quote:

Originally Posted by RU Sirius

Rest of the market is running well today. Volume has stalled. Is this thing going to pop Brandon?

If it does not "pop" Brandon it is going to "pop" me...... lol
03-26-2009, 02:11 PM
mogami

Quote:

Originally Posted by Brandon Matthews

C'mon...push the damn button!:annoyed:

The PANIC button?
The Easy button?
The "What does this button do?" button
The "Under no circumstance press this button" Button
The EJECT button?
The "Alfred E. Neuman for President" button?
The "Button Button who's got the button?" Button
03-26-2009, 02:14 PM
siriuslyxcited

Waiting for some kind of pop up or down still today....this has been a dull episode of "sirius days of our lives"....don't get me wrong...i'm happy with the price we're hovering around....but a little excitement would get me going either way....
03-26-2009, 02:15 PM
john

Quote:

Originally Posted by underway

I think unemployment is around 8% which really sucks, since 4% is considered as 'full employment'. I don't think we'll hit 10 though. I do believe economy is bottoming out now and will start to recover over the late spring/summer. The question in my mind though, is how long will it take to 'start recovering' enough to get us to the next boom cycle. That's the sweet spot for owning a ton of shares in anything emerging. I've bet on SIRI for that one. We'll see!

Well back when Clinton was President 5% was considered full employment. It amazes me when during the Bush years we were at 4.5% everyone said that the economy stunk. Are you starting to see why you cant trust the MSM, it was because they have been saying the economy was terrible for the last 7 years. There is only so much doom and gloom reports people can hear before they start to believe them. I have gone over this to many times.

P.S. since the last jobs report the unemployment rate went from 7.8% to 8.1%
03-26-2009, 02:15 PM
Brandon Matthews

If anyone was following my chart, we never reached the apex. Instead, we broke the downtrend line but just outright stalled...didn't go up, didn't go down...nothing....its flatlining at 37.

Following the uptrend line and 37 resistance, our new zero barrier becomes 2:45 -3:00 pm...it will either break below the uptrend line or break through .37 by that time.
03-26-2009, 02:16 PM
mogami

Quote:

Originally Posted by RU Sirius

Rest of the market is running well today. Volume has stalled. Is this thing going to pop Brandon?

Well you mean "that part of market not owned by Mogami"
03-26-2009, 02:18 PM
exilejeff

Quote:

Originally Posted by Brandon Matthews

So exilejeff...did you go to Tulane?

not sure what the reference is ......its a medical school in NO? and or law school? affected by hurrican katrina.....thats about all i know

i actually went to high school in Washington state then went on full ride baseball scholarship to 2 different schools, one in southern WA and then to South Carolina (because they had the best offer).....since, i have worked for wells fargo financial, their subprime division, sold auto loans to people with lower credit at up to 20% and real estate loans upto 15% (helocs), now i work for merrill lynch in the retirements department, helping elderly people understand their tax reporting statements lol

looking to make the move back to the financial industry within the year, and have also thought about going back to get my masters in finance....haven't decided
03-26-2009, 02:19 PM
choirgirl

Maybe I was in a coma, but 5 % was about before the recession started and now we are officially at 8,3% and even the optimists expect a higher rate.
I guess we will see 10% before it gets better, my fear is that all this stimulus etc. isn't going to work and if you take a closer look to Europe and Japan you might agree there is some risk that Obama will fail. I do not want to sound overly pessimistic, but I am not convinced we are out of the woods yet.

Quote:

Originally Posted by Newman

choirgirl: 10 or 12% unemployment? You must think the worst is yet to come... we are barely at around 5% now. You expect to double that rate (and then some) over the next few months?

Turn off the news. It will be ok. Think happy thoughts...
03-26-2009, 02:20 PM
Beach Gambler

Quote:

Originally Posted by Brandon Matthews

If anyone was following my chart, we never reached the apex. Instead, we broke the downtrend line but just outright stalled...didn't go up, didn't go down...nothing....its flatlining at 37.

Following the uptrend line and 37 resistance, our new zero barrier becomes 2:45 -3:00 pm...it will either break below the uptrend line or break through .37 by that time.

Dude, your like a prophet or something.......
03-26-2009, 02:21 PM
JohnnyIrishXM

There are alot of people or whoever trying to buy in at the .33 to .36 range the last 3 days who can't..Here's hoping they panic by today or friday and bid higher...JMHO
03-26-2009, 02:22 PM
exilejeff

Quote:

Originally Posted by mogami

The PANIC button?
The Easy button?
The "What does this button do?" button
The "Under no circumstance press this button" Button
The EJECT button?
The "Alfred E. Neuman for President" button?
The "Button Button who's got the button?" Button

the ANY KEY button
the Benjamin Button button
..........
lol
03-26-2009, 02:23 PM
mogami

well since we are over the previous close and below the open we can stay flat and stay in pattern.

Speaking of flat
I once told my ex-wife "You know you don't have any breasts"
and she told me "Get off my back"

Show 20 post(s) from this thread on one page