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Market reacting to "stimulus"

Old 02-20-2009, 08:29 AM
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Default Market reacting to "stimulus"

The market is giving its vote on more socialism today. Where's the next support level for a new bottom? Not that far from 6K.
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Old 02-20-2009, 09:26 AM
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Default Re: Market reacting to "stimulus"

Looks like CITI Bank is about to go to a buck,can't be long before BO takes over! Sorry I meant the incompetents they keep calling Secty. of the Treasury.
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Old 02-20-2009, 09:32 AM
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Default Re: Market reacting to "stimulus"




Thanks Barak!!
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Old 02-20-2009, 09:37 AM
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Default Re: Market reacting to "stimulus"

So what do you buy right now....either long or short. Say 10K to play with. TOL is low and seems to bounce from about 15-20.

--JK
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Old 02-20-2009, 09:37 AM
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Default Re: Market reacting to "stimulus"

This has turned into a self-fulfilling prophecy. The market sells financials for fear of a takevoer, stock plummets, gov't takeover becomes "more justified."

Only solution that is going to work is for the gov't to not interfere with commerce. Odds of that currently...not good.

Only upside, huge swing in voter sentiment, if that will matter for the mid-terms.

Were are our senators and congressmen? No analysis of the downside to government intervention.
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Old 02-20-2009, 09:43 AM
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Default Re: Market reacting to "stimulus"

SeaNile - 2/21/2009 1:37 AM

So what do you buy right now...
Time. Sit tight and watch. This is gonna get real entertaining, but nothing going on worth risking your money over.

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Old 02-20-2009, 09:58 AM
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Default Re: Market reacting to "stimulus"

I am looking at the engineering sector.
KBR- PE 7.4, 1.1B in cash, 0m in debt, 60% off 52 week highs.
JEG (Jacobs)- PE 9.9, 790m in cash, 47m in debt, 60% off 52 week highs.
FWLT (Foster Wheeler)- PE 5.8, 1.3B in cash, 223m in debt, 72% off 52 week highs.
FLR(Flour)- PE 8.5, 2.2B in cash, 150m in debt, 40% off 52 week highs.

All are cash rich & light on debt & way off historcial highs, one or many of them will land construction and or engineering jobs from Uncle Sam.

Gotta be a bargain in one of those companies.
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Old 02-20-2009, 10:01 AM
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Default Re: Market reacting to "stimulus"

HEDJUG - 2/20/2009 12:58 PM

I am looking at the engineering sector.
KBR- PE 7.4, 1.1B in cash, 0m in debt, 60% off 52 week highs.
JEG (Jacobs)- PE 9.9, 790m in cash, 47m in debt, 60% off 52 week highs.
FWLT (Foster Wheeler)- PE 5.8, 1.3B in cash, 223m in debt, 72% off 52 week highs.
FLR(Flour)- PE 8.5, 2.2B in cash, 150m in debt, 40% off 52 week highs.

All are cash rich & light on debt & way off historcial highs, one or many of them will land construction and or engineering jobs from Uncle Sam.

Gotta be a bargain in one of those companies.
Easy, which one donated the most to the current POTUS campaign?
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Old 02-20-2009, 10:32 AM
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Default Re: Market reacting to "stimulus"

OK here's my scenario. The market continues to tank, Dow @ 6000 and S&P below 600. Paulson and Obama get on the air and proclaim national emergency, suspend all trading until further notice and close the markets. ...........This of course is for everyone's own good.............
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Old 02-20-2009, 10:43 AM
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s_ebels - 2/20/2009 11:32 AM

OK here's my scenario. The market continues to tank, Dow @ 6000 and S&P below 600. Paulson and Obama get on the air and proclaim national emergency, suspend all trading until further notice and close the markets. ...........This of course is for everyone's own good.............
righttttttt, cuz both of them caused this mess to happen.... Even though the mess started mid last year under different leadership, it was all apart of their master plan.

Are you guys that dumb? This crap started early last year, was only slowed up for a few seconds by the TARP disaster... We are paying for 5 terms of poor management (bush-clinton-bush) two huge bubbles popping (.com & housing), terrbile lending/borrowing & the bulk of the population living well outside of their means...

But it was all due to Obama's socialist master plan?????????????????????????????????????????????? ?????????????????????????????????????????????????? ?????????????????????????????????????????????????? ????????????????
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Old 02-20-2009, 10:52 AM
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Default Re: Market reacting to "stimulus"

At this time the market is responding to Obama's socialist ideas and lousy stimulus plans and it's telling everyone that it does not like it.
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Old 02-20-2009, 11:17 AM
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ant1 - 2/20/2009 11:52 AM

At this time the market is responding to Obama's socialist ideas and lousy stimulus plans and it's telling everyone that it does not like it.
really? What TV channel told you that? You mean to tell me that its not responding to latest failing banks, auto's... well everything????? I am sure the super low un-employment rates have no effect... I am sure that the upcoming second wave of foreclosures & corporate credit crisis have no effect....

It's all about Obama.... right......

I am more conservative than 99% of the country. I may not be the brightest bulb in the bunch... yet I know it aint Obama's fault.
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Old 02-20-2009, 11:21 AM
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Default Re: Market reacting to "stimulus"

HEDJUG - 2/20/2009 1:43 PM

s_ebels - 2/20/2009 11:32 AM

OK here's my scenario. The market continues to tank, Dow @ 6000 and S&P below 600. Paulson and Obama get on the air and proclaim national emergency, suspend all trading until further notice and close the markets. ...........This of course is for everyone's own good.............
righttttttt, cuz both of them caused this mess to happen.... Even though the mess started mid last year under different leadership, it was all apart of their master plan.

Are you guys that dumb? This crap started early last year, was only slowed up for a few seconds by the TARP disaster... We are paying for 5 terms of poor management (bush-clinton-bush) two huge bubbles popping (.com & housing), terrbile lending/borrowing & the bulk of the population living well outside of their means...

But it was all due to Obama's socialist master plan?????????????????????????????????????????????? ?????????????????????????????????????????????????? ?????????????????????????????????????????????????? ????????????????
Actually, I mostly agree with the sentiment that I bolded. The wheels for where we are today were put in place many moons ago, across multiple administrations and Congress'. Of course, we can argue to the cows come home about the intrinsic value each added to the mess.

However, in today's terms, the current market is indeed reacting to Obama's inaction at solving the economic crisis. Simply put, the market does not believe in what he is selling to the public. Obama's plans are widely socialistic, and that is what the markets are reacting to today.

Oh, and the Eagles still suck!
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Old 02-20-2009, 11:36 AM
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RI Builder - 2/20/2009 12:21 PM

Oh, and the Eagles still suck!
yeah but, this year they sucked less than the Pats sucked, so nanny nanny goo goo.
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Old 02-20-2009, 11:39 AM
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Default Re: Market reacting to "stimulus"

HEDJUG - 2/20/2009 2:36 PM

RI Builder - 2/20/2009 12:21 PM

Oh, and the Eagles still suck!
yeah but, this year they sucked less than the Pats sucked, so nanny nanny goo goo.
Just means that they shot themselves in the foot for their draft position.
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Old 02-20-2009, 02:04 PM
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ETF guys! I am working the market, 9 days, day tradying, up 43.7%. So what if BO will take some of it, better than losing!
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Old 02-20-2009, 02:22 PM
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what etfs are you trading?
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Old 02-20-2009, 02:44 PM
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RI Builder - 2/20/2009 2:39 PM
HEDJUG - 2/20/2009 2:36 PM
RI Builder - 2/20/2009 12:21 PM Oh, and the Eagles still suck!
yeah but, this year they sucked less than the Pats sucked, so nanny nanny goo goo.
Just means that they shot themselves in the foot for their draft position.
No, that's the Giant's strategy.
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Old 02-20-2009, 03:10 PM
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ant1 - 2/21/2009 2:52 AM

At this time the market is responding to Obama's socialist ideas and lousy stimulus plans and it's telling everyone that it does not like it.

It's not this time, it's every time. You can go back and chart the market drops since Obama took office; every time he does something, anything, the markets drops. It would be a mistake to blame Obama for it because there is no one that has a clue how to dig us out of this one. It's worldwide. No one has any faith that anything any one does can work, hence the consistent drops when Obama does anything.

What that comes down to is doing nothing is probably better than doing anything.

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Old 02-20-2009, 04:09 PM
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Eyeball - 2/21/2009 6:10 AM
ant1 - 2/21/2009 2:52 AMAt this time the market is responding to Obama's socialist ideas and lousy stimulus plans and it's telling everyone that it does not like it.
It's not this time, it's every time. You can go back and chart the market drops since Obama took office; every time he does something, anything, the markets drops. It would be a mistake to blame Obama for it because there is no one that has a clue how to dig us out of this one. It's worldwide. No one has any faith that anything any one does can work, hence the consistent drops when Obama does anything.What that comes down to is doing nothing is probably better than doing anything.
Plenty of people have the big clue They keep telling this administration what needs to be done Has been proven from past history what needs to be done and he continues to show you how little experience he has or how stupid he is

If it is neither of the above then he is tanking it on purpose Simply suspending FASB rule #157 will instantly relieve pressure on upside down banks This will free up lending which will light the fire to get us out of this recession Add to that tax incentives and solidify the F22 project's future and the growth will be seen in days not years or decades Instead he gives money to insolvents of society He rewards bad business pratices

If you did this with your dog you would have an out of control mutt Same with your kids Why do it to the lifeblood of your country unless you want to "change" it to a tyranny
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