Jump to content

BDI is falling


Recommended Posts

  • Replies 29
  • Created
  • Last Reply

Hey Doc, the trend seems to still be in tact as far as weekly Fed data goes . . . plus treasury prices stalled right around daily and weekly s/r . . . interesting. The poop is going to hit the fan again . . . I can feel it . . . :lol: :ph34r:

Link to comment
Share on other sites

"Legendary investor Warren Buffett said in an interview aired on Thursday unemployment could hit 11 percent and a second stimulus package might be needed as the economy struggles to recover from recession."

 

http://www.reuters.com/article/newsOne/idUSN0944100220090709

 

More package stimulation

legendary all right -- the only moran to ever lose $120 Billion in a single year

the biggest loser of all time

the worst investor in history

Link to comment
Share on other sites

The new GM has another 84,000 jobs to cut - eventually

 

"Under plans that CEO Fritz Henderson will announce Friday, GM will cut another 4,000 white-collar jobs, including 450 top executives. The company still employs 88,000 people in the U.S." http://finance.yahoo.com/news/New-General-...set=&ccode=

 

They should probably change their name to - Generation Motors

 

and as of last Thursday this hourly PnF chart for SPX was showing the potential to see price drop to the 840 area if the 10 count phase plays out.

post-326-1247191980.gif

Link to comment
Share on other sites

The new GM has another 84,000 jobs to cut - eventually

 

"Under plans that CEO Fritz Henderson will announce Friday, GM will cut another 4,000 white-collar jobs, including 450 top executives. The company still employs 88,000 people in the U.S." http://finance.yahoo.com/news/New-General-...set=&ccode=

 

They should probably change their name to - Generation Motors

 

and as of last Thursday this hourly PnF chart for SPX was showing the potential to see price drop to the 840 area if the 10 count phase plays out.

Dare I say, that .. perhaps the White-collar end of GM should form a ... union.

Link to comment
Share on other sites

And GS should stand for "Government Sachs"

 

"a couple weeks ago the NYSE suddenly announced that brokerage firms would no longer have to report their program trades. The new rule takes effect next week." Page 2 of this article at http://www.nypost.com/seven/07092009/busin...rnme_178298.htm

Ok... these anit-program trading articles are starting to annoy me....

 

It's like Short Sellers used to be the devil.

 

Now Program Trading is the devil.

 

Wait wait wait ... maybe WHATEVER the public doesn't understand is the devil.

 

Morans.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...