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Originally posted by GreenBicMan
Have you read about proposed changes to M2M?
Originally posted by redhatty
Originally posted by GreenBicMan
Its positive b/c it beat estimates
Man you really need to find something other than Koolaid!!!!
It is less down than the estimates, but it's still down - so that's a good thing
That's like saying - I got robbed, but they dropped a $5 on the ground getting away with my losses, so being robbed wasn't a bad thing in the end, I still have $5
WAKE UP
Originally posted by redhatty
Originally posted by GreenBicMan
Have you read about proposed changes to M2M?
You mean that the FASB will issue new guidance about MTM application and not change the regulation. Yeah I am well aware
Early April is the target timeframe - still a few weeks out
Originally posted by redhatty
reply to post by GreenBicMan
and a slightly less loss is still a loss, it is not a gain. You need to quite buying into the spin.
Down is not up, no matter how you spin it, but because the talking heads say Oh it was Good - it was less down than expected - does not make the sales report a good thing. Sorry - I don't buy the BS and you shouldn't either, but it's your choice to if you want.
I have provided actual numbers and logic in the debate that is already happening between us, you have provided OPINION.
Opinion does not a debate win
A harbinger of things to come?
While the SEC and FASB have said they don't support suspending the rule, both have agreed guidance on the rules are warranted and FASB is currently in the process of drafting it.
Originally posted by Hx3_1963
reply to post by GreenBicMan
A harginger of things to come?
While the SEC and FASB have said they don't support suspending the rule, both have agreed guidance on the rules are warranted and FASB is currently in the process of drafting it.
S&P 500 -5.20 749.40 3/16 0:38am
Fair Value 753.29 3/14 9:45am
Difference* -3.89
NASDAQ -5.50 1162.50 3/15 10:32pm
Fair Value 1169.50 3/14 9:45am
Difference* -7.00
Dow Jones -46.00 7133.00 3/16 0:15am
Originally posted by GreenBicMan
Wow, really...
Ok YES OR NO ANSWER
When you beat estimates, this is looked upon positively??
There are only two answers, its not tough
Originally posted by Hx3_1963
reply to post by GreenBicMan
Here ya go....
IT IS ALL OVER! BUY! BUY! BUY!
www.abovetopsecret.com...
This guys right on track with ya...maybe you can talk Fin Bull x3 trades!!!
Seoul Composite 1,122.32 12:51AM ET -3.71 (-0.33%)
Straits Times 1,557.46 12:56AM ET -20.06 (-1.27%)
BSE 30 8,753.36 1:01AM ET -3.25 (-0.04%)
Shanghai Composite 2,119.659 Mar 15 -9.189 (-0.43%)
Originally posted by redhatty
Originally posted by GreenBicMan
Wow, really...
Ok YES OR NO ANSWER
When you beat estimates, this is looked upon positively??
There are only two answers, its not tough
Not true that there are only 2 answers. The numbers doctoring involved makes it necessary to know what to look for and do the research. Just like in the retail sales, the estimates were a higher low than the actual low, but overall it was still low - bad is bad no matter what in that case.
Plus the sales are "seasonally adjusted" and include gasoline - which rose in price from Jan to Feb.
If you took gasoline out of the equation, our retail sales numbers were probably even lower than the reported numbers - even worse than the estimate. Plus January gives a strange "double dip" in sales reports because people are using the gift cards purchased in the prior year (and also counted as sales then too). Feb is Tax returns so the fact that we were still at a low, even when people had a bolus of new money to spend (tax return) is really a very bad thing. Many folks that have refinanced their homes skipped a monthly payment, again more available money, but still a decline in retail sales
Again, it is the spin that I see YOU are buying into, whereas I do not buy the spin I do the research.
The state of Georgia alone reported sales tax revenue down 24% for February. I assume Georgia is a fairly typical state. They don't tax groceries in Georgia either.
Unemployment numbers are hovering at a weekly new claims of about 600,000 level.
So if you can find a continuing decline no matter how it's spun to be a positive thing - go right ahead - those rose-colored glasses look real good on you - just don't try and convince those of us who know better that your opinion is the ONLY correct one - we don't drink that koolaid
[edit on 3/16/09 by redhatty]
Originally posted by GreenBicMan
Originally posted by Hx3_1963
reply to post by GreenBicMan
Here ya go....
IT IS ALL OVER! BUY! BUY! BUY!
www.abovetopsecret.com...
This guys right on track with ya...maybe you can talk Fin Bull x3 trades!!!
Seoul Composite 1,122.32 12:51AM ET -3.71 (-0.33%)
Straits Times 1,557.46 12:56AM ET -20.06 (-1.27%)
BSE 30 8,753.36 1:01AM ET -3.25 (-0.04%)
Shanghai Composite 2,119.659 Mar 15 -9.189 (-0.43%)
Oddly enough, I rather talk to you *Kisses*
But seriously guys, if you really think USA is going to crash soon raise your hands? OK HANDS DOWN!! Lol
If you dont think USA is going to crash (is it just me) Citi and BAC and FAS are winner winner chicken dinner
Originally posted by redhatty
reply to post by GreenBicMan
Okay - we already realize that you are a cheerleader for Citi BAC and FAS - goodie for you.
Now how about offering something substantial to the thread instead of your endless C BAC & FAS cheerleading.
You have pumped your personal trade preferences for 4 + pages now - we get the picture - so other than filling endless posts with your personal opinions on stuff we are not even talking about (for the most part) try to get with the program and offer something substantial to the thread instead of just wasting bandwidth.
Originally posted by GreenBicMan
HAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAH you just keep running around this answer dont you redfatty..
Just admit when you are wrong, take your lumps, and lets start another relevant conversation
Hows this fer charts?
Conspicuous Correlation: Retail Sales February 2009
paper-money.blogspot.com...
:snip:
One problem with this initial analysis is that both retail sales and the S&P/Case-Shiller Composite index are reported in “nominal” (i.e. non-inflation adjusted) terms and thus result in a somewhat skewed view especially for the retail sales data.
1.bp.blogspot.com...
2.bp.blogspot.com...
2.bp.blogspot.com...
As you can see from the above charts (click for larger version), adjusted for inflation (CPI for retail sales, CPI “less shelter” for S&P/Case-Shiller Composite) the “rough correlation” between the year-over-year change to the “discretionary” retail sales series and the year-over-year S&P/Case-Shiller Composite series seems now even more significant.
Originally posted by GreenBicMan
Originally posted by redhatty
reply to post by GreenBicMan
Okay - we already realize that you are a cheerleader for Citi BAC and FAS - goodie for you.
Now how about offering something substantial to the thread instead of your endless C BAC & FAS cheerleading.
You have pumped your personal trade preferences for 4 + pages now - we get the picture - so other than filling endless posts with your personal opinions on stuff we are not even talking about (for the most part) try to get with the program and offer something substantial to the thread instead of just wasting bandwidth.
Ill take that as an apology from you Redhatty!
Apology accepted.