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Originally posted by irishchic
reply to post by stander
I have seen some on here that are WILD,at least mine is really me LOL!
Originally posted by ladyinwaiting
Hi cpdaman and GBM: Remember me? The sad little sack that lost her booty in the stock market?
Just wanted to drop by and say hi. At this point, things are somewhat better, and I think I've (what's the word? "won"? "earned"? Hm. Think I wil choose "got lucky", and got about 13,000, then 8,000 of my money back so far. So, 21 up but still a lot more than that down.
cpd, I think it was you who suggested maybe riding it out until August, and then reassessing it, and I am still going to try to do that. So far so good.
Okay, I'm going, I'm going......lol
My best to you guys....LIW
Airlines May Lose $9 Billion This Year, IATA Says (Update2)
June 8 (Bloomberg) -- Airline losses worldwide may total $9 billion in 2009, nearly double a previous forecast, as an outbreak of swine flu compounds the effects of the recession, the industry’s main trade group said.
Sales may fall 15 percent to $448 billion this year from $528 billion in 2008, the International Air Transport Association said in a statement distributed at its annual meeting in Kuala Lumpur today.
“This is the most difficult situation that the industry has faced,” IATA Chief Executive Officer Giovanni Bisignani said. “Our future depends on a drastic reshaping by partners, governments and industry.”
The recession has hammered premium-class traffic as business travelers switch to cheaper seats, forcing British Airways Plc and Cathay Pacific Airways Ltd. to losses. China Eastern Airlines Corp. and Shanghai Airlines Co., plan to combine to cut competition in the world’s fastest-growing aviation market and help both carriers return to profit.
There’s “nothing we can do in the current environment to stimulate traffic, particularly in the premium market,” said British Air’s Chief Executive Officer Willie Walsh in Kuala Lumpur. “It doesn’t respond to pricing activity.”
Where's GBM and his efficient market theory?
S&P 500 -9.90 930.60 6/8 4:21am
US stock futures signal drop; banks, airlines eyed
FTSE 100 4,379.22 4:23AM ET Down 59.34 (1.34%)
Energy stocks, miners drag FTSE down; mood sours
“You’ve got weak earnings, the share price goes down and then, ‘What? They want to raise equity?’ Clearly that isn’t a good thing.”
More at Link...
Profits Diluted 4% by U.S. Share Sales, Dividend Cuts (Update1)
June 8 (Bloomberg) -- American common equity is increasing for the first time in five years, threatening to dilute corporate profits as companies sell a record amount of stock and cut dividends the most since 1938.
Wells Fargo & Co., ProLogis and more than 150 other companies raised $82.2 billion this quarter, beating the record pace at the height of the technology bubble in 2000, according to data compiled by Bloomberg. The combination of adding shares and restricting dividends will reduce annual equity returns as much as 4.1 percent, the data show.
“The math is inescapable,” said Alan Gayle, the Richmond, Virginia-based director of asset allocation at Ridgeworth Investments, which manages $60 billion. “You’ve got weak earnings, the share price goes down and then, ‘What? They want to raise equity?’ Clearly that isn’t a good thing.”
More at Link...
Citigroup May Gain Geithner Swap Backing as Pandit Bucks Bair
June 8 (Bloomberg) -- Citigroup Inc. is poised to start a $58 billion stock swap that was delayed last week as Federal Deposit Insurance Corp. Chairman Sheila Bair questioned Chief Executive Officer Vikram Pandit’s leadership and the bank awaited regulatory approval from other agencies, people close to the bank said.
Bair backed off and the U.S. Treasury Department signaled it would sign a final agreement to take a 34 percent stake in the bank, clearing the New York-based lender to proceed without further review by securities regulators, people familiar with the matter said. The exchange of preferred stock for common was announced three months ago.
Citigroup is counting on the exchange to replenish an equity base eroded by $36 billion of net losses during the past six quarters. Last week’s encounter with Bair underscores the scrutiny Pandit, 52, faces as the former Morgan Stanley banker steers the lender toward partial government ownership to shore up its finances.
“This is not about Pandit himself,” said Joshua Rosner, managing director at New York research firm Graham Fisher & Co. “Sheila Bair appears to be the only prudential regulator in Washington who has any understanding of the need to force the disgorgement of troubled assets from troubled institutions. And you cannot have a healthy banking institution without doing that.”
delinquency rate for bank-issued credit cards rose 11 percent in the first three months of the year, according to credit reporting agency TransUnion.
The delinquency rate jumped to 1.32 percent this year, from 1.19 percent in the first three months of 2008, TransUnion said. The statistic measures the percentage of card holders who are three months or more past due on their payments for cards bearing MasterCard and Visa logos, along with American Express and Discover cards.
The average total debt on bank cards also rose, jumping to $5,776 from $5,548 last year.
TransUnion, which samples 27 million consumer records to produce its data, expects the rate of credit card delinquencies to rise for the rest of the year, ultimately reaching about 1.7 percent.
Depending on the impact of economic stimulus programs and the effects of unemployment, TransUnion said the rate of increase could taper off early next year, but the peak is not likely to be reached until late 2010 or early 2011.
Originally posted by GreenBicMan
I think this is an interesting area for this reason as well.
You will have to form your own opinion, but
This is what I am looking at as well for the next couple days
There are 2 things to look for.
That level of support we have formed
That perfect declining triangle
You can form your own opinions from there I am sure.
The growth of unemployment had been slowing moderately over the past two months but it took a turn for the worse in May despite conflicting reports from major media outlets. Forbes.com ran an article Friday June 5, stating that job losses in May were just 345,000 – far fewer than the 550,000 most economists were predicting. It uses this as a signal that the economy is turning around.