Buy a dental guard this week.
There will be lots of corporate profit reports this week and profit is a thing of the past.
Pure hypothetical nonsense comment: If the DOW skids into the 6000 point area by Friday and I have no reason to think it may or may not, but if it does, consider buying that quadruple A stock you've had your eye on next Monday or Friday afternoon.
After all if the DOW skids lower than that, we may as well start trading rocks as money.
Reuters: Nikkei adds 0.2 pct on yen, earnings worry weighs
The Nikkei average rose 0.2 percent on Monday as a softer yen helped high-tech exporters...
3 comments:
You've got to wonder when is the shit going to hit the fan on main street? How as a society do we then afford to pay the huge over hang of Gov't bureaucracy that is everywhere at every level? Not just pay them, but pay for their health policies and pensions? How do we do this without an economy that is no longer creating jobs, but shedding by the millions? Add to this all the millions of people that work quasi-Gov't jobs as sub-contractors to Gov't agencies? I think if people realized that much of the American economy is already Nationalized they'd be freaked out. I personally think were heading for a Soviet Union moment here up ahead. The BV$Hiviks hid how big a hole we've dug ourselves. The day of reckoning is right up ahead.
We will be alertly watching to see how Federal and State jobs react with the recession.
I'm not sure they are guaranteed with State budgets sinking in billions of red ink.
The military will continue to grow, this is a given. The debate over its need to grow is not relevant because the debate has virtually no impact. Lawmakers are afraid to cut military spending as they will be weak on defense.
We are in a multi-year downturn. If there is a recovery I suspect it will look more like we arrive at a point where so many are unemployed, the DOW is at say 7000 or 6000, the foreclosures complete their course with millions out of their houses, the credit market cautiously starts moving and finally the bombs will cease exploding. We won't have a sudden move back to prosperity. We will simply be at a level low point and very slowly over years, minimal growth will occur.
Its a harsh scenario, I hope something better happens, but right now, this is what I'm seeing.
Good analysis. Realistic. But first the bombs! The big ? is what our society and it's economy look like after all the bombs? Will we have tin shanty towns like Brazil surrounding our major cities? People living off of landfills ? I'm already essentially trying to make some cash picking up pieces of glass and making them into LOL art. So will dumpster diving, beach combing, pot growing, etc replace manufacturing? Will Gambling casinos replace wall street? Banking will be different that's for sure. Manufacturing also will change. How will this collapse effect the huge number of Colleges and Universities that now exist? I'm already hearing of large numbers of students not returning to school because they cannot get loans etc. It goes on and on.
I see a further widening between the rich and the rest of us and also between those with Gov't jobs and the rest of us. I also see a further collapse of the so called small biz sector and a bigger shake out of the Big Corp. retail sector in this next 2-3 yrs. I see no change in defense or health care. Nobody will try and touch Lockheed Martin et al. These Corps. for all practical purposes are Gov't agencies now. If Obama tries to cut this sector he'll be replaced ( if u know what I mean) and I mean that sincerely.
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