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The "up-to-the-minute Market Data" thread

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posted on Mar, 17 2009 @ 05:49 PM
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reply to post by irishchic
 


You know, all of these corporations failing are starting to sound like lots of CEO's, CFO's, etc. Failed Business 101.

When I got my business degree I was taught to pay back your loan as fast as you can and be out of debt and then you become a profitable company, you want to expand? Then save up the capital and expand. Want to hire more employee's? Save up Capital to expand. But don't go back into debt in order to expand.

When casinos are going under because they can't pay for their loans. Something just doesn't sound right.

Loans are debt and if you are a profitable company why go back into debt? No wonder companies are falling left and right, everybody was to greedy and couldn't wait and save, instead it was easier to go into debt and get it "fast" instead of doing it right.

It is crazy stuff.




posted on Mar, 17 2009 @ 05:50 PM
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reply to post by irishchic
 


I have not done my sections of relaxation therapy for the last two days as things are too interesting to take the time away from the "excitement".


But the AIG fiasco is just incredible, I can feel the adrenaline pumping right now!!!!!!




posted on Mar, 17 2009 @ 05:54 PM
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reply to post by Hastobemoretolife
 


My friend what do you think it means that America is nothing but a nation of consumers on credit and debt?

Well that is what it means, ever thing, the prosperity, the big companies and the multi billion dollar CEOs were nothing but an illusion.

That is what America has been for the decades and it has build up on illusion, over spend standards of living and deception.

Now that the economy can not longer support all that illusion the bubbles are starting to pop everywhere.

What I wonder is if the government actually thought that they could stop the domino effect while pumping more debt into it.



posted on Mar, 17 2009 @ 05:58 PM
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www.marketwatch.com...

St Pat's Day a boost for alcohol stocks.


I'm afraid if I REALLY started to indulge right now,I'd wallow in that mire of bad news and confusion for days.

No time for pitty parties now,you are right,there is chit to be read because God knows we can't invest in the markets right now.



posted on Mar, 17 2009 @ 06:01 PM
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reply to post by marg6043
 


And that is what I'm afraid of.

It is all going to come crashing down at some point. Our economy is unsustainable. It is good for warp speed wealth creation on paper. But it is like you said an illusion.

There just isn't enough money to continue to prop up all these zombie banks. I mean when casino's are in trouble things are seriously screwed up. Because of all companies those should have tons of capital put away for times like these.



posted on Mar, 17 2009 @ 06:03 PM
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reply to post by Hastobemoretolife
 


Yet again,I agree with your logic.

I started businesses the same way as you describe and even saved to put money DOWN when I bought my first home.

As I paid things off...I was also to do more as I felt I could afford.

I bought my vehicles outright and still drive some of them.

I used credit cards only for travel and emergencies and paid them off in the same month.

And dinosaurs also roamed the earth...boy do I sound archaic,and trust me,it was NOT that long ago.

I sincerely hope that when the financial history of this debacle is written that the answers are clear as to the how,why,and when this mess exactly began.



posted on Mar, 17 2009 @ 06:04 PM
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reply to post by Hastobemoretolife
 


Well the sooner we get over the downfall the faster we can start picking up the pieces to start over again.

Perhaps with more wisdom but as usual the last market crash and the great depression didn't do a thing to add wisdom to anybody.

We just got better at hiding the truth with deception.



posted on Mar, 17 2009 @ 06:05 PM
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Originally posted by marg6043
reply to post by irishchic
 


Yes is a coming interview with Donald Trump on how he is going down also.

It was on CNN, what happen to his fortune?


HAHAHAHAHAHA .... zomg. He never had a fortune? .. The scum bag had declared bankruptcy on all his business endeavors prior to his on-air gigs began.. he was a show, a gimick and nothing more.

He all his INVESTORS money into various unimaginable projects.. one of which is soon to bankrupt him for yet another time is a Casino in Atlantic City.. the developers he was trying to bail on backed out, and he is stuck with a hefty loss.. the Casino wasn't viable, and I believe he tried to get investors to turn it into a Margarita Ville resort but it went under, and the media gimmick and self proclaimed "billionaire" goes bust..

He's a tool. a Tool who invested in real estate at the worst possible time at that.



posted on Mar, 17 2009 @ 06:06 PM
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reply to post by irishchic
 


I'm a 6 pack o' guinness in and I tell ya it makes it better



posted on Mar, 17 2009 @ 06:06 PM
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reply to post by Rockpuck
 



I think that was marg's post originally?

He totally creeps me out and I bet most of his "fortune" is also on paper and on his ex's fingers.



posted on Mar, 17 2009 @ 06:07 PM
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reply to post by Rockpuck
 


Oh, my gosh, more deception, I guess everbody got caught up on the illusion of wealth now they are coming crashing down to earth again.




posted on Mar, 17 2009 @ 06:09 PM
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reply to post by Rockpuck
 


I LOVE Guiness!
I do not however like the calories.


Grew up drinkin' "Black and Tan's" made with Matt's (now defunct) and Guiness and there is NOTHING better than a shot of Framboise (rasberry liquor) dropped into a pint for fun and kisses!

SLAINTE! (to yer' health!)

For marg: emsnews.wordpress.com...

Anti-AIG rage grows,some good points here.


[edit on 17-3-2009 by irishchic]



posted on Mar, 17 2009 @ 06:11 PM
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Originally posted by disgustedbyhumanity
We blew away the 20 day MA on the SPY today. Next target is the 50 day which stands around $82. I think we get there by the end of the week.

I guess Greenbic's dad will be eating the hat today.


Muhahaah so true, but then he later stated today he called a bull rally for the end of the day, so I have to give him that..

More on this soon



posted on Mar, 17 2009 @ 06:14 PM
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Originally posted by irishchic
reply to post by Rockpuck
 



I think that was marg's post originally?

He totally creeps me out and I bet most of his "fortune" is also on paper and on his ex's fingers.


Margies name is first meaning your name was the post SHE replied to, and I reply to the sequence.. something like that.

marg6043

Ya, he's a schmuck.. his show is the only thing that's profitable, all in all he's technically not worth much at all.. everyone knows about his failed bid at destroying the Scottish Coast ... I mean, Developing the Scottish Coast with some megalithic hotel of unimaginable proportions, yet a single farmer held him up because after buying the land for pennies on the dollar, the farmer got smart and demanded a much higher demand.. bow, if Trump is the multi billionaire he claims to be why not buy the guy off? I worked for a developer as one of my first jobs and was shocked to find that if your lucky and you buy a pos house in the middle of no where one day some jerk in a suit will drive a limo to your house and offer you 5 mil for half an acre to complete the project. But Trumpy just couldn't scrape the cash (investors) to push the project.

Anyways, this is off topic. I'd have more sympathy if he didn't have a dead mongoose on his head.

Irishchic -- Black Gold -- Guinness and Kentucky Bourbon. Mmm it's tastey.

[edit on 3/17/2009 by Rockpuck]



posted on Mar, 17 2009 @ 06:21 PM
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www.calculatedriskblog.com...

I haven't figured out how to post charts/graphs yet,sorry,

"This will put the 15% rally into pespective,the S&P is still off 50% from the 2007 high."



posted on Mar, 17 2009 @ 06:24 PM
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I told you money is debt...

Is this AIG thing same as ENRON, or worse... ?



posted on Mar, 17 2009 @ 06:25 PM
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reply to post by irishchic
 


On Firefox (dont trust them microsofts) right click on the image, click properties, highligh the address of the image and then on the screen where you type your posts clicky on the monitor with the paint pallet on it (either one, ATS recently changed the rules about external pics and I have not posted one since) the grey once used to put the image in the thread and the colored one put a link I think.




[edit on 3/17/2009 by Rockpuck]

Ya they changed the rules.. guess ya got to save it on your media profile or some mumbo jumbo, I won't bother... that's like 5 extra clicks..

[edit on 3/17/2009 by Rockpuck]



posted on Mar, 17 2009 @ 06:36 PM
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If this is in the wrong place I apologize. But, I read this all day long and am learning about the markets.

My question is, 'are we SURE this is really happening??'. I mean, I feel like I'm in a separate reality when I try to talk to people about what is going on!

For example; where I work we lost our credit account to Office Depot. At the bottom of the letter was the heading of Citibank. When we called to inquire, the rep on the other line said " I don't know what's wrong with that bank so I hope I can help you" I said " seriously, you don't know?"
He said "I only watch sports miss, not the news'


I asked my mom about their banking situation and if they have checked on it's stability. She said " I don't know, why?"

I told one of the psychologists at work why we had to watch out use of paper (Office Depot account closed) and how the spider web of the banking situation is starting to reach us all, and she raised her eyebrows at me like I should be the one in therapy!! and asked what in the world was I talking about...

I asked the owner of the office next to us, in real estate, how things were going over there. He looked at me and said "fine, why?"Am I crazy??



posted on Mar, 17 2009 @ 07:29 PM
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Originally posted by fullmoonfairy
If this is in the wrong place I apologize. But, I read this all day long and am learning about the markets.

My question is, 'are we SURE this is really happening??'. I mean, I feel like I'm in a separate reality when I try to talk to people about what is going on!

For example; where I work we lost our credit account to Office Depot. At the bottom of the letter was the heading of Citibank. When we called to inquire, the rep on the other line said " I don't know what's wrong with that bank so I hope I can help you" I said " seriously, you don't know?"
He said "I only watch sports miss, not the news'


I asked my mom about their banking situation and if they have checked on it's stability. She said " I don't know, why?"

I told one of the psychologists at work why we had to watch out use of paper (Office Depot account closed) and how the spider web of the banking situation is starting to reach us all, and she raised her eyebrows at me like I should be the one in therapy!! and asked what in the world was I talking about...

I asked the owner of the office next to us, in real estate, how things were going over there. He looked at me and said "fine, why?"Am I crazy??


There are those affected and those that are not..

I bet 30% of arkansas couldnt tell you where Iowa was at anyways



posted on Mar, 17 2009 @ 07:34 PM
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Originally posted by GreenBicMan
And for all you poor folk like me, even something "we" can all get in on lol

Your favorite satellite radio stock (the only one!)
SIRI!!!



If we inch up (ok well millimeter up lol) Im thinking we see a whole 15 CENT jump to 40 CENTS !!!!!

Talk about a bull market eh?

[edit on 16-3-2009 by GreenBicMan]



Yikes!! ('
')

I could have paid for a first class flight to see Tiesto in Ibiza with this beauty today...

If you were bold enough to get into this one congratulations, at one point in the day it went to .38 ( i called 40 resistance) and you would have made a smooth 45 PERCENT, Closed up about 30 PERCENT still..

More to come folks

I hope after the past four or five trading days I have proved my merit



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