 
     |
| The economy, is it good or bad. (Page 153/181) |
|
Formula88
|
JAN 15, 09:36 AM
|
|
| quote | Originally posted by 84Bill:
Yesterdays news Formula... That was then, this is now.
We have a Retail Sales Report due out today which will have an effect on the Market. Lets watch the market together shall we?
Pre Market Trading
S&P 500 -16.70 1403.60 1/15 9:14am
NASDAQ -18.00 1937.00 1/15 9:10am
Open.. and there off!
12638.00-140.15 / -1.10% 9:31am ET
|
|
You gonna update that every minute? I posted info from market close. Unless you're a day trader, the minute to minute swings don't mean a whole lot.
Just drives you crazy that not every news article is doom and gloom, huh? The instant I post something, you've gotta find something bad to post. Well, there's plenty of bad news out there if that's all you're looking for.
There's plenty of opportunity out there too, but you're too busy doomsaying to notice.
Enjoy yourself. I'm gonna go make some money in this horrible economy we have.
|
|
|
|
84Bill
|
JAN 15, 09:56 AM
|
|
| quote | Originally posted by Formula88:
You gonna update that every minute? I posted info from market close. Unless you're a day trader, the minute to minute swings don't mean a whole lot.
There's plenty of opportunity out there too, but you're too busy doomsaying to notice.
Enjoy yourself. I'm gonna go make some money in this horrible economy we have. |
|
Sure, you could make bundles of cash day trading in a volatile market such as it currently is.
| quote |
Just drives you crazy that not every news article is doom and gloom, huh? The instant I post something, you've gotta find something bad to post. Well, there's plenty of bad news out there if that's all you're looking for. |
|
Uhh... yeah thats it formula...whatever.
Just keep assuming whatever you want about me and I'll just keep doing my thing as well.
To be honest "you people" need to get off this assumptive bash 84Bill bullshit bandwagon. Just keep selling short.
I can assure you that it's not me who has the doom and gloom outlook on things. I'm the economic idiot... remember?
If I'm such an idiot then why do "you people" argue with me as if I'm some powerful force to be done away with? Perhaps you just enjoy putting a beat down on idiots? 
Yeah... Me too formula, I especially like the blind, def and dumb ones.  [This message has been edited by 84Bill (edited 01-15-2008).]
|
|
|
|
Formula88
|
JAN 15, 10:20 AM
|
|
I'm not arguing - just observing your behavior. Your reaction tells me my impressions were accurate.
|
|
|
|
84Bill
|
JAN 15, 10:30 AM
|
|
| quote | Originally posted by Formula88:
I'm not arguing - just observing your behavior. Your reaction tells me my impressions were accurate.
|
|
Observe my reaction? Yes... thats all well and good if you are trying to gauge me the economic idiot and want to argue some more.
Whats important here in this ECONOMIC thread is not me personally.
Perhaps you should watch is the markets reactions? Maybe observe and try to focus more on that instead of me personally?
Again, it appears you delight in giving a beat down to the forums economic idiot. Not a problem formula, I'm right there with you.  [This message has been edited by 84Bill (edited 01-15-2008).]
|
|
|
|
aceman
|
JAN 15, 10:40 AM
|
|
Hey Bill,
Look at January 15th of your Word of the Day Calendar. The word of the day is "Martyr". That picture beside the word and definition............Do you get royalties from the company for using your picture?
|
|
|
|
84Bill
|
JAN 15, 10:45 AM
|
|
| quote | Originally posted by aceman:
Hey Bill,
Look at January 15th of your Word of the Day Calendar. The word of the day is "Martyr". That picture beside the word and definition............Do you get royalties from the company for using your picture? |
|
I'd reply on topic but since you have contributed noting to this thread with that post that is on topic, about all I can offer up at this point is this suggestion.
Grow up.
|
|
|
|
aceman
|
JAN 15, 10:51 AM
|
|
|
Yayayayaya, Next will be, "This thread is not about Bill.", "Stop assassinating my character", "Stop trolling me"...
|
|
|
|
84Bill
|
JAN 15, 10:56 AM
|
|
| quote | Originally posted by Spaceman:
Yayayayaya, Next will be, "This thread is not about Bill.", "Stop assassinating my character", "Stop trolling me"... |
|
Once again your contribution to the topic is tantamount to a grade school student suffering from an extreme case of Attention Deficit Hyperactivity Disorder.
|
|
|
|
Uaana
|
JAN 15, 11:00 AM
|
|
| quote | Originally posted by aceman:
Yayayayaya, Next will be, "This thread is not about Bill.", "Stop assassinating my character", "Stop trolling me"... |
|
Let it go.. For the most part we've been on topic. Last thing we need is another thread killed by people showing Bill where he's wrong.
I know it's tempting to tear him apart personally but for the most part he just copy/pastes the latest gloom and doom message.
Just stick to tearing apart the articles that he posts, for the most part it's been pretty easy.
|
|
|
|
84Bill
|
JAN 15, 11:03 AM
|
|
Look aceman... this is called economic news and thats what this topic is all about... the economy and what is affecting it.
This is having an adverse effect on on the market.
Dow...., 12,579.23 -198.92 / -1.56%
Nasdaq, 2,428.19 -50.11 / -2.02%
S&P...., 1,387.65 -28.60 / -2.02%
Fears grow as consumers pull back further
New figures show that holiday retail sales were worse than many expected.
NEW YORK (CNNMoney.com) -- A new round of economic data released Tuesday show that holiday sales were even worse than many experts had expected - adding to fears that 2008 could be an even more challenging year for retailers.
Sales in November and December rose only 3 percent - softer than its initial forecast of a 4 percent increase, the National Retail Federation (NRF) announced.
By comparison, holiday sales in 2006 rose 4.6 percent over the previous year.
Holiday sales figures are closely watched by economists: The two months account for as much as 50 percent of retailers' annual profits and sales, and consumer spending drives two-thirds of the nation's economy.
The 3 percent increase would also be the slowest pace of growth since 2002, when holiday sales rose just 1.3 percent, according to the NRF.
On Tuesday, the U.S. Commerce Department said total sales fell 0.4 percent in December after gaining 1 percent in November. The drop signals that many Americans, struggling with the housing downturn, higher gas prices and tighter credit conditions, curtailed their spending.
The monthly decline - weaker than forecast - was the biggest since June, when sales fell 0.8 percent. Economists surveyed by Briefing.com had expected retail sales to remain unchanged for the month. November sales, which were revised on Tuesday, were originally reported to have risen 1.2 percent.
Stripping out volatile auto sales, retail sales also fell a weaker-than-expected 0.4 percent versus a revised gain of 1.7 percent in November. November sales were originally reported to have increased 1.8 percent.
Economists, on average, had forecast a monthly decline of 0.1 percent - minus auto purchases.
The weak holiday sales figures are likely to fan fears about recession.
"I don't think this report alone can make the point that we're in full-blown recession," said Michael Niemira, chief economist with the International Council of Shopping Centers. "Certainly the economy is on that slippery slope. When you end the year weak and start the year weak, the concern is that we may not be able to get off that slope."
Adding to that fear, the NRF said Monday that it expects retail sales to grow 3.5 percent in 2008 - the weakest pace of growth in six years.
"Consumers will be under financial stress from high energy costs, the fallout from the housing slump, and sluggish employment and income growth," said Rosalind Wells, NRF chief economist.
"Shoppers will seek to pay down debt, spend more in line with income growth, and approach discretionary purchases with more restraint," she said.
The government report showed that the worst performers were clothing stores, which registered a 2 percent sales decline last month, and electronics sales, which fell 1.9 percent. Sales at department stores fell 0.4 percent.
Elsewhere, sales at gasoline stations fell 1.7 percent and building materials sales plunged 2.9 percent.
However, sellers of food and beverages logged a 0.7 percent increase and furniture stores also escaped the broad downturn to post a 0.6 percent sales gain last month
|
|
|
|