The Economic Meltdown is over….. Time to make some money. The announcement made by Citigroup and the way the market has reacted has marked the End of the Economic Meltdown.
Stop listening to all those Doom and Gloom People and cease the opportunity in front of you to make some Money. How many doom and gloom predictions made here on ATS ever came true and why should it be different for this one?
The rapidity with which the stock market will recover will stun many. Share prices are still at a bargain so just buy as much as you can and watch it all grow and make huge capital gains.

Don’t waste your money stockpiling on Food and ammunition…the dream of doom is not going to come true for some here. Citigroup announcement is just the beginning and many more will come.

For all those that don’t believe me will only see everything unfold before them and curse themselves for all the missed opportunity.

So people please forget about all the Doom thing( will never ever happen) and cease the opportunity NOW.

Thank god for Citigroup.

I thought we were all in a genuine financial mess too..

I fond this hard to belive especailly form citigroup..one of the majority responsable for giving out whordes of money to thise that coudlnt afford it. And what about the G summits in Europe? We still have an unemployment problem that outta control and outsourcing too much. Its about balance.. the nation dosnt seem so intruiged by helping its own people..without them, corpprations will continue to shoot for sweat shop labor, and reduced benenfits. That in turn, means no one is buyng thier crap.

Actually, I believe that the OP is correct. The unfortunate thing is that it is not the "man in street" who is faced with these opportunities. In the UK there are buying groups putting up funds of tens and even hundreds of millions to buy up property and shares.

You need only go into the city (i.e. London) at a lunchtime, sit in a "trader's" pub and eaves-drop into the conversations. The folks that have "real" money are not more bothered by the recession per se, it is the best medium to long term investment opportunity they have had in a decade.

Sure, they have to be canny, but property is now a no-lose investment for those who know the waves, the bottom cannot fall out for a simple reason of mechanics - Around 80% of all the houses needed in 10 to 15 years have already been built in the UK, certainly in England. Building programmes have slowed down due to a massive increase in material costs so that just means that property standing now will account for an even higher percentage. Cornering the market anybody?

Life on the other side of the street, that is, for the plebs (I count myself as a pleb) is another story in that our future security depends on working for a wage from an employer - even when self-employed.

The rich are getting richer as we speak, or at least aiming to get *very* rich in a years or two. When we float out of the recession there will be an even greater financial divide between "us" and "them".

We're not "all" in this together - We plebs are facing an even greater threat of high comparative prices in a couple of years than we are right now from the recession. This is going to be a double whammy and most people cannot see the 2nd blow coming.

I would imagine, people wil ahve learned their lesson , i hope. Even if thigs do get better, poepple may not want to go on such a spedning spree, as they did before. They dont wanna end p in tent cuiys too, no one does!
Capitalism, from what ive learned, its a matte of time before we end up in a recession again, and again, and again, thr ich will contie to get richer and ripp us all off...and contiue to manipulate and pull washingtons strings like a puppet.

You gotta be kidding me right?
Citigroup lets out some lies, and you say the financial problems are over?
Citi stock is $1.40, 2 yeas ago it was FIFTY DOLLARS!
hahaha man I dunno what to say about you honestly.
Are you ill or something?

the global melt down hasnt even began. what were seing is the tip of the iceberg and to say dont prepeare any more and buy stock after one day of gains is retarded. just because the dow rose to 6,970 something after falling from 14,000 something means nothing...its a propaganda tool for tools to buy more stock in a broken economy

Caveman that had me rollin in tears are yuo ill or something? im still laughing at tah comeback pure genious!
Exactly, the stock market fluctuates, it could take monehts or years, as ive learned for something to catch up to current date. How is it supopsed to be over, when people like glen beck, peter schiff, and gerald( iforget his lat name) have been sticking their necks out on natioanl tv news, and saying to get prepaired..this would make them look like dummys!! Above all ron paul!!! Why would they go through such great lengths to dishonor or embarrass themsleves glboaly for thiis matter!
Illegal immigrants it seems wil be taking over our job space, how does that boost stocks on a moral level? Supposedly, hilalry clinton went ot china, and basically sold us out to them...so bascially that means, in a jokingly manner, you buy a house with debt/loan yuo got form lets say Citigroup... you have ahard time making payments..now the makers of godzilla rip off toys and malomine Kalieko toys can tell yuo have to move out. FDIC is in shambles and again, i would hope people dont trust overspending anymore...theyve learend to concerve
How dos this boost consumer moral, or stop unemployment? Ide imagine stocks might nudge up a little, but no where near waht it was last few years bush left office...not for a good decade at least.

I don't think that "day raises" are the issue here, the bigger picture is how the state of the world economy will look in a year or two. Unless we have to endure a "post-apocalyptic" vision of the world (unlikely to be honest) then we can expect recoveries in stock prices by those companies that have weathered the storm.

The stock price is only a measure of a companies "trading" worth in the current context. It does not reflect the status of the company as a whole. In spite of stock prices falling to a 50th or even a 100th of their value a few months ago, the latent ability of a company to make money in the future is still present, they just need to knuckle down and cut costs as much as possible.

Sure, companies are laying off staff, stopping projects, refining their processes to increase efficiency... but a vast number of these corporations will survive because the world keeps turning and people still need what they produce or market. The apocalypse isn't imminent.

Stock price is a measure of confidence and this will return over time. It is a reflection of human frailty, of the urge to capture power manifested in the form of money and of fear of losing the same.

The folks who have the money and know the market as well as anybody can also know that they can multiple investments by 20x or so in a year or two. If they pick the right horses then they are going get paid out at the end of the race. Picking "these" horses is a better bet than a day at the races though - Brand dominance will win through over time.

Besides which, even small-term investments will pay out well for large investors. Some of the stocks that have gone down to a dollar from 25 need only make 50c comeback over a 12month period and the bets will look good.

EDIT - I just wanted to add, those trading funds that can hide behind multiple trading fronts also have the perfect opportunity to artificially ramp up prices by only a few cents to make useful gains. It is a win-win situation for the wealthy.



[edit on 11-3-2009 by SugarCube]

I Worked for Citi for over 12 years. They lie, cheat and manipulate their employees. NOW WHY WOULD THE WORLD BE ANY DIFFERENT? There is something just pure evil about that company. (Cowers) that's my op....



~Hyp

[edit on 11-3-2009 by HypnoAsp]

Brilliant.... It's been the same here in europe ! The crisis is over ! The crisis is over. Yeah, right. They say this every single time the markets show a little green. The amazing part is, people are still believing them. Of course there will be rebounds. Please. But on the whole... it's still gonna go down. Such huge fluctuations should tell you something is still not right. Give me a couple months of solid growth (less than 2 % a day) and I'll listen. Rely on a one day super bounce to get back in the market ? Don't make me laugh...

Originally posted by Ismail
Brilliant.... It's been the same here in europe ! The crisis is over ! The crisis is over. Yeah, right.

Although I agree with Ismail's assessment, the interesting thing about this is that stock price is one of "confidence". It has little to do with the physical realisation of wealth. If people "think" that a stock will do well, then it will - not because the company necessarily has a great future. The dot.com bubble exemplified this in recent years but economic history has shown time and time again that "belief" is everything.

I'm not talking about anything metaphysical - simply that the stock situation is a product of mismanagement and greed and can only be recovered by the belief that it will get better and provide real returns.

The thing is, by constantly shouting "the crisis is over, the crisis is over", this actually helps to get the economy going again. Of course, this kind of talk is aimed at the low level consumers to kick start the process - but it still works.

If we had more confidence in our governments and banks this would have a greater effect though. The man on the street knows that he his being lied to but it still has a positive effect. The more that people "believe" that things are getting better, the more likely they are to relax to tend toward the activity of spending.

Put it this way, when a patient is on a sick bed and capable of recovery, telling them that are going to get worse doesn't help them. Telling them that they will get better aids their recovery. The same is true with the economy.

I'd rather hear people saying, "It'll get better" rather than "We're all f*cked, run for the hills". Confidence and belief is what is needed now.

Well golly gee, maybe now I can go out and buy that new Adidas hat with the soviet hammer and sickle logo. Kick ass!
Or better yet, I can save up my chips and put it all in the bank since they are back in buisness. Yay!
No wait, I dont use banks.
Well I will start a new account! this is such great news!
:

::End of Sarcasm::

I need some chocolate.

Originally posted by CaptainCaveMan
You gotta be kidding me right?
Citigroup lets out some lies, and you say the financial problems are over?
Citi stock is $1.40, 2 yeas ago it was FIFTY DOLLARS!
hahaha man I dunno what to say about you honestly.
Are you ill or something?

I really needed a laugh this morning and you sure came through.

But really rattan1, if you think that this mess is over because of a "leaked" memo, think again. This is just a ploy to have a few make more money off of the many.

In other words OP, I respectfully disagree with you.
Time will tell though, no sense arguing about it.

Actually, I hope you are right and I am wrong. (thats a first).

[edit on 3/11/2009 by tribewilder]

I tend to agree with the perception of, so what if Citi says it's over? Who in their right minds would trust any financial institution in the first place? Where they recipient's of the first handouts? If so, then I see no reason why they would not post a good result since December 08.

I think the financial institutions are about to bleed the stones dry before they hit the wall themselves. They do not care about people. Just because they make it easier to get into debt to them does not show care for anything other than profits.

Don't waste another few months of waiting to see how things go. Instead take full repsonsibility now for you and your's, stand up, decide what you are going to do over the duration of this "Great Recession" (reported on ABC TV News tonight in Australia) and how you intend to feed, provide clean water and safety for your dependants.

So, I get up this morning and go through my normal routine . . . hit the 'on' button at the coffee maker, head downstairs for the a.m. 'constitutional, head back to the coffee maker for some freshly brewed rocket fuel and head down to the tube to catch up on the latest . . .

Opening my email, I see before me the most wonderful news . . . all I need to do is to respond to the most recently recieved email, wait by my smailmail box for the 'plain brown wrapped' parcel . . . open the package, open the bottle, take a few pills and . . . . WHAAAAABINGOBOINGO . . . I've grown in the nether regions in a fashion that would impress the most endowed of all pornographic video stars.

Next, I see another email leaked from CITI Bank, telling me that out of the mire and misery of the financial meltdown that has claimed what are supposed to be the most talented of financial wizzards, CITI despite losing 90 percent of its value, tons of investors' life savings and an impressive chunk of some oil sheik's hoard of cash . . . they've all-of-a-sudden turned profitable notwithstanding the fact that a greater share of their credit card accounts are in arrears and they've fact they're more toxic than Love Canal . . .

But, I respond with my credit card and life savings and . . . WHAAAAABINGOBOINGO . . . I'm richer than the aformentioned Sneakie Oil Sheikie . . .

Hmmmmmmmmmmmm . . . How'd I ever get so lucky . . . damn . . . life is again good . . . or not.

We now return you to your regularly scheduled meltdown.