Sirius Weekly Thread Week April 12

[Big Ben]

Rally is going to teeter. APPLE is down. GS was up a few now its down a percent. Going red by days end no doubt.

Is it a coincidence that CNBC is running specials on marijuana on 4-20? Happy 420 to all the non twits. My vaporizer also say stocks going down by dazed end! LOL. Seriously laughing. Legalize it already, its more available then some micro brews. Hell we could not get Yuengling in SC until a few years ago. Its everywhere now, good beer, unfortunately it comes with a monster hangover every once in a while. Not the normal hangover either...the splitter...I call it. Feels like someone hit you in the head with a sledge hammer..not a fun few hours..pray you sleep it off. Yes its that bad. I have not had a sip of Yueng in years, last one was bad enough to change behavior. Good luck today.

Did anyone hear the analyst fry the guy from GS on the CC. Funny stuff....ah how could you not know, ah you brokered the deal..ah you brought the parties together..ah. Long pause...good stuff. GS is going to go the way of Bear and Lehman...thank god...let the free market and Obama's henchman work. These goons/twits thought they got away with this bs, disclosure.

Got to run have twenty or so foreclosures that need the grass cut...new Deere mower 31 horse power, 60 inch deck, hydraulic seat, mulch on demand...nasty machine..way better than both of the last 7 series Z tracks, I have the 950 version and it cuts 5 feet across, 3 feet high, at 11+ mph. Worth the up charge.

I heard this the other day other day out in the country, I thought it was kind of funny. A gentleman said they are trying to fry Tiger Woods but Bill Clinton is the ambassador for the country..interesting. I did not explain the looseness in the term ambassador but it kind of works. Wild Bill does travel around on behalf of the country. I wonder if he gets to pick his handlers/interns...you the man Bill.

[Havakasha]

Ben i think you should stay away from guessing who has cornered whom.
You've cornered yourself so many times with your own predicitons that I've lost count. Enjoy.

"Apple is down". lol. For how long?

[SiriuslyLong]

Ben i think you should stay away from quessing who has cornered who.
You've cornered yourself so many times with your own predicitons that I've lost count. Enjoy.

"Apple is down". lol. For how long?

Good point. The Dow, Nasdaq and SP500 all ended up Green yesterday. I believe BB predicted they would be red. He may very well have a chance to buy FAZ at 11.

Personally, I agree with him that there are underlying issues with our economy that should temper this massive bull market, but "it is what it is" and I'm glad to have made some money on it.

[Havakasha]

Actually, i agree there are some serious underlying problems (brought about by at least 8 years of neglect and mismanagement) with our economy, but things were so dire about a year ago that in comparison with today things are now looking up. I quess everything depends on your perspective on the improving economy and whether or not you think there is a possiblility of a double dip. It seems less and less likely in my opiinion.

Mr. Ben has cried wolf way too many times and was quite wrong about Sirius.
This is a Sirius stock thread afterall.

[SiriuslyLong]

Actually, i agree there are some serious underlying problems (brought about by at least 8 years of neglect and mismanagement) with our economy, but things were so dire about a year ago that in comparison with today things are now looking up. I quess everything depends on your perspective on the improving economy and whether or not you think there is a possiblility of a double dip. It seems less and less likely in my opiinion.

Mr. Ben has cried wolf way too many times and was quite wrong about Sirius.
This is a Sirius stock thread afterall.

True - this time last year was pure dread, and conditions have improved greatly. Last month was a huge volume month; we haven't seen numbers like that since early 2008. And even with rising raw material costs, we posted solid profits. We've hired people as well.

In talking with a financial planner the other day his opinion was that the market will trade sideways for the next six months. Still lots of money on the sidelines, and those companies that survived are right sized. A steady return of economic activity will yield good corporate profits.

It's going to take an "assignable cause" to throw us back into the conditions of this time last year.

[john]

True - this time last year was pure dread, and conditions have improved greatly. Last month was a huge volume month; we haven't seen numbers like that since early 2008. And even with rising raw material costs, we posted solid profits. We've hired people as well.

In talking with a financial planner the other day his opinion was that the market will trade sideways for the next six months. Still lots of money on the sidelines, and those companies that survived are right sized. A steady return of economic activity will yield good corporate profits.

It's going to take an "assignable cause" to throw us back into the conditions of this time last year.

And for every 10 people your company hired 9 were lost. Here I will tell you the very samething the MSM was telling you when Bush was in office and coming out of his recession: Only 200,000 jobs created (yes actually "created" not some new term like "saved") this month, that is terrible we need to create at least 250,000 a month just to keep up with new people coming into the job market and keep unemployment at its present 5.6%.


Here let me give you another example: When was the last time you ever heard of Moodys, warning that the USA is very close to losing its triple "A" (AAA) credit rating. Here is a clue it was not until Obamas spending (yes he is on track to spend more in his first 20 MONTHS yes that is "MONTHS". then Bush spent during his entire 8 years in office) that they have given such dire warnings of having to do something that may create social unrest.


What do you think is going to happen when CA. runs through all the stimulas it was given to keep it afloat????? Opps they already have.

[Havakasha]

John Stewart says it all.

http://www.huffingtonpost.com/2010/0..._n_545746.html

[SiriuslyLong]

And for every 10 people your company hired 9 were lost. Here I will tell you the very samething the MSM was telling you when Bush was in office and coming out of his recession: Only 200,000 jobs created (yes actually "created" not some new term like "saved") this month, that is terrible we need to create at least 250,000 a month just to keep up with new people coming into the job market and keep unemployment at its present 5.6%.


Here let me give you another example: When was the last time you ever heard of Moodys, warning that the USA is very close to losing its triple "A" (AAA) credit rating. Here is a clue it was not until Obamas spending (yes he is on track to spend more in his first 20 MONTHS yes that is "MONTHS". then Bush spent during his entire 8 years in office) that they have given such dire warnings of having to do something that may create social unrest.


What do you think is going to happen when CA. runs through all the stimulas it was given to keep it afloat????? Opps they already have.

Well you're wrong about my company. Headcount is actually up. I question some of the hires, but hey, who am I?

I hear what you are saying John. I'm no fan of what Obama is doing. In retrospect, McCain would likely have been the better choice. It's simply a matter of revenues and expenses. The gov't can stimulate by increasing expenses (Obama) or decreasing revenue through tax cuts. Tax cuts would have been better IMO. I could spend that money in my community for things that need to be done, and pay sales tax. Or what I don't spend, I can save. Savings is liquidity. All good, right? Not to mention how efficient our government is at spending.

We know of Chapter 7 and 11, it has been said that the next wave of bankruptcies will be municipalities (Ch 9 I think). Harrisburg, PA is high on that list - defaulting on bond maturities. Might be the next "assignable cause".

[Big Ben]

This frothy market is a joke. The rug is going to get yanked and when it does you twits will be doubling down on any dip. All of your profits not banked, as in cash, will shrink extremely fast and you will then have bought your way into a corner. You will be telling yourself things are getting better this is a great time to dollar cost average. When in fact you should be booking gains, your greed will enter and you will leverage your self to this market for the 3-5 years its going to take to get yourself back to even. Good luck with that.

I am standing by my top prediction 11125ish and my bottom prediction has moved up from 6500 to 7800 on the dow. We continue to hit resistance around this level.

A few facts I think investors are missing.....unemployment will be high for years...this problem is not going away anytime soon....the governments around the world pumped trillions into system to keep it afloat. Greece, Portugal, England, hell most of the EU are struggling. Mortgage foreclosures are still rising, which is causing any and all of your real estate to devalue. I know BofA is holding tons of bad debt as well as C. I am currently working to get my home loan modified with BofA and have not made my 2550$ mortgage payment for Mar and April and guess what not a single call from them, not even the collection companies. I tried this over a year ago, my payment went up, lol, and the day after my grace period ended the calls started from BofA collections. Now that Obama stepped up the pressure two months ago to start reducing principal, I reapplied and guess what I qualify now, they have put my loan on hold and stated they would call in the next 10 days, still have not called. I am officially a squatter! I love it.

Johns point about CA was in the front page of the Sun News yesterday, I read about all of the cuts coming from our local municipalities.

My question for all of the true longs is when do you get out? The market zigged lower then it zagged higher, can it possibly go back to dow 14000 with out a going lower first, I don't think so. If you made money in the past 12 months good for you, so did everyone else. The question is will I protect on the way down, I think most will not and get trapped in the double dip recession thats coming. I also read hotel occupancy rates hit a 20 year low. If oil soars up to 100 a barrel before hurricane season, look out, it will only take one early storm to push the price to crazy levels again, this will choke off some of the travel for the season, fo sho.

Good luck today
Little Ben, by the way the sky is not falling our children's money is propping it up at least for the time being. Obama is a spending machine, there is no doubt about that.

Going red by days end and below 11000 by weeks end.

[Havakasha]

Oh and by the way. Remember the Republicans line GM="Government Motors"? It looks like they are going to have to eventually drop that line. We are getting paid back and with interest.

http://www.dailykos.com/storyonly/20...nt-Motors-meme