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Stock market down 275 and falling

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Stock market down 275 and falling

Old 06-01-2012, 01:13 PM
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Default Stock market down 275 and falling

http://quote.foxbusiness.com/symbol/i:dji/snapshot

Good ol boyz from China's pulling the rug out from under us as well.......
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Old 06-01-2012, 01:22 PM
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its still twice the level it was during the height of the recession. Too bad we can't control the euro markets.....
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Old 06-01-2012, 01:47 PM
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Originally Posted by uncljohn View Post
its still twice the level it was during the height of the recession. Too bad we can't control the euro markets.....
GDP at 1.9%.

Boom times are back I tell ya!
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Old 06-01-2012, 01:51 PM
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Yikes.
Dow -minus for the year now.
Gold up another 3+ %
Oil getting close to $80bbl

Seems like an ominous slide
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Old 06-01-2012, 03:52 PM
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Just a slide for summer and new economic numbers..... We were a bit inflated over 13k anyway...

Think long term.... Like 2020 ..... crap i hate losing money - Last 30 days I lost a bundle ...
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Old 06-04-2012, 11:18 PM
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Considering my gold took a hit over the last month or so. I'm quite happy. It's on the rise again! When the markets are down gold is up! Greece votes on the 17th on the austerity measures and I'm betting they are out of the Euro. Next is Spain and so on and so on. Gold is still a good bet.
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Old 06-05-2012, 04:21 AM
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I'm sticking with my gold as well and a few select banks along with a couple of solar outfits unlike solyndra.
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Old 06-05-2012, 05:53 AM
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Yawn. Although GDP is lower than expected and not enough to make a difference in the number of unemployed, it is far from being in the crapper. I'm in the camp that says the unemployment problem is here to stay and is less related to the economy than it is to advances in technology. Take a look at the 3-d printer thread. Look at your own businesses. For most owners, investments in updated technology come before investments in more people. It's not going to change anytime soon. So businesses make more money yet more are unemployed due to lack of skills, education, etc. I don't know where it goes, but it's going.
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Old 06-05-2012, 07:15 AM
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To add, businesses became more efficient over the last few years. They laid off people, and learned how to accomplish the same with less. I think the people that stayed employed had the sh%t scared out of them and became more productive. We laid off a few people in my company in 2009 and had a very busy second half 2010 and all of 2011. We got jobs out quicker than ever before with less people.. Unless business really expands, we probably won't be hiring people in the near future...
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Old 06-05-2012, 10:27 AM
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Elections Around The Corner... 1 Month Before The Election Gas Will Be @ Its Low And The Market Will Start Back Up.. And We Owe It All To Obama !!!!!! That Will Win Him His 2nd Term
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Old 06-05-2012, 12:28 PM
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Originally Posted by paulyjsob View Post
To add, businesses became more efficient over the last few years. They laid off people, and learned how to accomplish the same with less. I think the people that stayed employed had the sh%t scared out of them and became more productive. We laid off a few people in my company in 2009 and had a very busy second half 2010 and all of 2011. We got jobs out quicker than ever before with less people.. Unless business really expands, we probably won't be hiring people in the near future...
Very true - just heard a story on the radio saying the same. They seem to think with all the automation, eating up the bad debt and payig for other sins of 30 years of excess and the limits to consumerism and all we may never see 5% unemployment again.
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