The economy, is it good or bad. (Page 75/181)
fierobear OCT 20, 03:08 AM

quote
Originally posted by 84Bill:


Merrily merrily merrily life is but a dream...

It's a damn shame some people are out of touch with reality.... Such is the American way I spose.



Nope, I'm quite in touch with reality. I invest in real estate. My business is getting it's ass kicked right now. But the difference between a guy like you and a guy like me is that I don't get on the internet and spend all f***ing day saying "THE SKY IS FALLING! THE ECONOMY IS COLLAPSING!". I spend my time figuring out how to retool and keep going.
fierobear OCT 20, 03:11 AM

quote
Originally posted by 84fiero123:

Funny most of those that are saying the economy is doing great are listed as company owners in their own profile.

Of course they think the economy is doing great, they own business.

But those who live prom paycheck to paycheck or not doing quite so well, now are they.



I'm a business owner. When the economy is down, our income goes down. And NO, we are NOT all independantly weathly. I don't get a paycheck every week. If business isn't good, I get NOTHING. Get it?

I don't know where people like you get the idea that owning a business is just like printing money.
84fiero123 OCT 20, 08:23 AM

quote
Originally posted by fierobear:
I'm a business owner. When the economy is down, our income goes down. And NO, we are NOT all independantly weathly. I don't get a paycheck every week. If business isn't good, I get NOTHING. Get it?

I don't know where people like you get the idea that owning a business is just like printing money.



And I don’t know how people like you can say the economy is fine.

And as far as you getting nothing, to bad a few CEO’s didn’t get nothing when business was bad, maybe they would not be sending all our jobs overseas.

I never said all business owners were wealthy, just that they had more disposable income than most Americans don’t anymore.

Then there are the students who know nothing here who are looking at this downturn in the economy as nothing. They don’t know what they are talking about period.

Wall Street Remains Bullish Despite Data



Saturday October 20, 3:39 AM EDT

NEW YORK (AP) — With all the predicaments facing the markets these days — credit growing scarcer, oil near a record $90 a barrel, home prices in the dumps — it would be logical if investors were shoving money under their mattresses, instead of into stocks.
But logic doesn't always prevail on Wall Street.
The Dow Jones industrial average plunged almost 400 points on Friday, its fifth-straight loss for the week. Yet, Wall Street's pundits did not waver on projections that share prices will rise again after companies finish reporting quarterly financial results.
"There is a lot more people who are bullish than bearish, and there's a mentality that even a pullback would create an opportunity to buy," said Todd Leone, managing director of equity trading at Cowen & Co.


Why is Wall Street so optimistic, even though stocks took a hit Friday, with the Dow dropping 366.94, or 2.64 percent, to 13,522.02?

http://money.excite.com/jsp...ews_id=ap-d8scr2f00&

------------------
Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.

aceman OCT 20, 08:38 AM

quote
Originally posted by 84fiero123:


And I don’t know how people like you can say the economy is fine.

And as far as you getting nothing, to bad a few CEO’s didn’t get nothing when business was bad, maybe they would not be sending all our jobs overseas.

I never said all business owners were wealthy, just that they had more disposable income than most Americans don’t anymore.

Then there are the students who know nothing here who are looking at this downturn in the economy as nothing. They don’t know what they are talking about period.
Why is Wall Street so optimistic, even though stocks took a hit Friday, with the Dow dropping 366.94, or 2.64 percent, to 13,522.02?

http://money.excite.com/jsp...ews_id=ap-d8scr2f00&




Whew! THAT was painful to read. And, more painful to understand.

Why do do you think that students know nothing of the economy? Because they have studied it and have an education in it? Steve, economics is a science. Those "kids" probably understand the economy far better than you do.

Explain a bear market and then a bull market to us. Then explain why each one is good and each one is bad. I bet that student can. And, that is why the student isn't worried about any "downturn" like you are.

So is it a "downturn" in the economy or is the economy "bad"? Or, is the economy in a "recession"? You can't use all those descriptive words, Steve. What is a recession? When you get that definition and understand that definition, maybe you'll see we ARE NOT in a recession.

(Unfortunately, I'm off to class again and have almost zero internet access for the next 8 days. I guess I'll read your response or lack there of next week.)
84Bill OCT 20, 09:06 AM

quote
Originally posted by fierobear:
Nope, I'm quite in touch with reality. I invest in real estate. My business is getting it's ass kicked right now. But the difference between a guy like you and a guy like me is that I don't get on the internet and spend all f***ing day saying "THE SKY IS FALLING! THE ECONOMY IS COLLAPSING!". I spend my time figuring out how to retool and keep going.




I dont seem to recall saying any of that.
84Bill OCT 20, 09:54 AM
Anyone in the market for a market?

Philadelphia exchange may go on block
A sale of the Philadelphia Stock Exchange, worth about $600 million, could be announced over the next few weeks, according to The Wall Street Journal.
84fiero123 OCT 20, 10:14 AM

quote
Originally posted by aceman:
Whew! THAT was painful to read. And, more painful to understand.

Why do do you think that students know nothing of the economy? Because they have studied it and have an education in it? Steve, economics is a science. Those "kids" probably understand the economy far better than you do.

Explain a bear market and then a bull market to us. Then explain why each one is good and each one is bad. I bet that student can. And, that is why the student isn't worried about any "downturn" like you are.

So is it a "downturn" in the economy or is the economy "bad"? Or, is the economy in a "recession"? You can't use all those descriptive words, Steve. What is a recession? When you get that definition and understand that definition, maybe you'll see we ARE NOT in a recession.

(Unfortunately, I'm off to class again and have almost zero internet access for the next 8 days. I guess I'll read your response or lack there of next week.)


re·ces·sion [ri sésh’n]
(plural re·ces·sions)
n
1. economics decline in economic activity: a period, shorter than a depression, during which there is a decline in economic trade and prosperity

Encarta ® World English Dictionary © & (P) 1998-2004 Microsoft Corporation. All rights reserved.

And what would you call what is going on right now Ace?

We have had many more people loosing their home, small investors loosing their shirt. Companies profits falling. No we are doing just fine right Ace.

------------------
Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.

aceman OCT 20, 01:38 PM

quote
Originally posted by 84fiero123:

re·ces·sion [ri sésh’n]
(plural re·ces·sions)
n
1. economics decline in economic activity: a period, shorter than a depression, during which there is a decline in economic trade and prosperity

Encarta ® World English Dictionary © & (P) 1998-2004 Microsoft Corporation. All rights reserved.

And what would you call what is going on right now Ace?

We have had many more people loosing their home, small investors loosing their shirt. Companies profits falling. No we are doing just fine right Ace.




I wouldn't call it a recession. Nor, would a majority, if not all, economists. (You need at least 6 month of a majority of economic indicators to consistently tank. And, we have not hit that yet.) Our GDP and trade numbers are still very strong. MANY, MANY economic indicators are very strong. We have people LOSING (not loosing) their homes because they've been idiots. What small investors are LOSING (not loosing) their shirts? My Best Buy stock is doing just fine. One of my retirement accounts is based soley off of the stock market. It's giving me double digit returns! I'm a small investor. Company profits are falling..........IT'S STILL A PROFIT!!!!!!!

CNN did a poll recently. 46% of Americans thought we were in a recession. 51% thought we were not. Economists came on and said just because the common American THINKS we're in a recession does not make it so.
Phranc OCT 20, 02:24 PM
75% of the stock market is small investors. Most of those in mutual funds for retirement. And how can they be looooosing their shirts when stocks are up? The 300+ point drop was about 2% of the total market. And that was a sell of on profits from the previous gain. Remember market is hitting all time highs. When that much is gained some people are going to skim off the top and go buy a big TV. Or maybe move it to the collage fund for their 18 month old.

The people looooooosing their homes, you know the ones they couldn't afford to begin with, due to not understanding what it is they signed their name to is about 15 of the housing market. A 1% cropping isn't a big deal to the big picture. And just because they bought their house at the peak of the market and now lost 5-10% of its worth unless they are trying to flip that house they still have many years of value growth in their home. Remember not all home market regions are going down. Some are stagnant and other are going up.

[This message has been edited by Phranc (edited 10-20-2007).]

madcurl OCT 20, 03:56 PM

quote
Originally posted by 84Bill:


Ya know why?



Well, I was being a little sarcastic, but I'd love it if SNL would do a part where people were practicing "jumping out of windows" onto a bed filled with fire ants, hehe. On serious note, the reason why nobody is jumping out of windows is, "this years market gains." Besides, most are or should be diversified. I was currently in retail a year ago, but pick over-seas stocks. Good tech stocks aren't bad either and have held up during the financial/home builders/banking stocks.

That being said, I'm slowly getting out of the market. I think there's going to be a bubble in China before the Olympics if not soon after. If it happens...we'll see many people literally jumping out of buildings.