The economy, is it good or bad. (Page 89/181)
84Bill NOV 21, 05:14 PM
Dow at 7-month low
Blue chips close at lowest point since April on worries about mortgage and credit markets and the surge in oil prices. Markets closed for Thanksgiving.

NEW YORK (CNNMoney.com) -- Stocks slumped Wednesday, with the Dow closing at a 7-month low, as worries about the credit and mortgage market and higher oil prices hit investors hard ahead of what for many will be a long holiday weekend.

The Dow Jones industrial average (Charts) lost around 211 points or 1.6 percent according to early tallies. That set the Dow at its lowest point since April 17, when it ended the session at 12,773.04.

Santa may skip Wall Street this year
The usually upbeat December stock market could turn out to be downright frigid in '07.

NEW YORK (CNNMoney.com) -- Sing it with us: "You needn't watch out. You might as well cry. You might as well pout I'm telling you why. Santa Claus ain't coming to town."

Somehow it's not as catchy as the original. But it could be accurate this year.

A year-end rally, which has become something of a rite on Wall Street, could be off the table this year due to the myriad woes investors are facing. From the credit crisis to concerns that consumer spending is flagging, there's little incentive for Santa to touch down this year.

Tuesday's menu included the Federal Reserve's dour 2008 economic outlook, Freddie Mac's cash crunch and oil at a record near $100 a barrel.

"I wouldn't bet on the typical November and December advance unless the consumer shows that we have incredible buying power in there," said Paul Mendelsohn, chief investment strategist at Windham Financial Services.

"The market is now looking toward 2008 and a slowdown, and I find it hard to believe that we can have a year-end rally," Mendelsohn added.

But hey, there are some reasons why Wall Street might see a typically upbeat December and an end of the year "Santa Claus" rally.

"An end of the year run is not necessarily off the table," said Art Hogan, chief market analyst at Jefferies & Co. He said that Wall Street still needs to work its way through a lot on the financial side. Yet, the broad selloff of recent weeks may have primed stocks for a bigger bounce back, particularly in the areas of the market that are unaffected by the credit market mess.

"But there's no question of volatility," he said. "It's going to be very bumpy through the end of the year."

How long did you say it had to be @ 12,500 Spaceyboy?
Phranc NOV 21, 05:33 PM
Typical 10% correction.
Phranc NOV 21, 05:40 PM
http://www.foxbusiness.com/...-diva_376156_33.html


quote
The size and strength of the U.S. economy: Is the U.S. economy in an irrevocable ruinous state? That may be your conclusion if you read certain columnists and newspapers (many of which have penned a continuous stream of erroneous information over the past five years or more).

Despite serious credit issues, the economy grew 3.9% in the third quarter, which follows 3.1% growth in the previous quarter. According to Nicholas Vardy of The Global Guru newsletter, these two quarters of growth put together mean the U.S. “added the equivalent of a new Saudi Arabia to its economy.”

No country comes close to our size, flexibility and innovative capacity. U.S. GDP is projected to hit $13.22 trillion at the end of 2007. If you combine the economies of the next four largest – Japan, Germany, China and the U.K. – you then have a competitive match-up with America.

In fact, the World Economic Forum just rated the U.S. economy No. 1 in the world. Where were all the headlines regarding this noteworthy rating?
84fiero123 NOV 21, 06:35 PM
You hitched your wagon to a known union basher and illegal alien worker lover, ya she is right, we need all those illegal workers.

You should take anything this woman says with a grain of salt the size of my Suburban.

http://www.oneoldvet.com/?p=2723

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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.

Phranc NOV 21, 07:28 PM
I hitched my wagon to the numbers. You know that 3.1 and 3.9 % growth. You know that doom and gloom recession ..... oh wait thats right recessions are consecutive quarters of negative growth not positive growth.


And from your link all I got was this:

quote
“In the end, small businesses, their employees and the economy will suffer,” says Karen Kerrigan, president and CEO of the Small Business & Entrepreneurship Council.



She's really bashing that union isn't she!!! Really lovin' those illegals..........
84fiero123 NOV 21, 07:57 PM
Forgive my not highlighting the part about your pro.
From the article.
Many illegal immigrants, however, may move into the underground economy instead of going back to their home countries, says Angelo Amador, director of immigration policy for the U.S. Chamber of Commerce. This would cost the U.S. government billions of dollars in taxes and Social Security contributions.
The new regulation also may accelerate the outsourcing of work to other countries, Amador said.
Businesses, meanwhile, will be forced to hire attorneys, human resources specialists and other consultants in order to comply with the new regulations, he says.
“In the end, small businesses, their employees and the economy will suffer,” says Karen Kerrigan, president and CEO of the Small Business & Entrepreneurship Council.

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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.

Phranc NOV 21, 09:07 PM
What is your point exactly?
Red88FF NOV 22, 12:55 AM

quote
Originally posted by Phranc:

What is your point exactly?



The top of his head.

Just totally ignore the numbers that actually show what the economy is doing! Further blather about the cost of enforcing the law. Illegal's do not pay social security unless they have stolen a number or a identity or both,,,,,oooops there's that word again STOLEN! yes committed YET another crime.
84fiero123 NOV 22, 09:14 AM
And the government says there is no area 51, so that must be true right.

Doesn’t anyone else see threw the brainwashing the government is trying to do here.

We are doing great, the economy is just fine.

Those of you that are doing good, good for you, but just because one segment of te country is doing great does not mean we all are.

The point about Karen Kerrigan was that she thinks illegal workers are good for this country. Sooo she really knows what she is talking about then, right boys.

------------------
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.

Red88FF NOV 22, 09:47 AM

quote
Originally posted by 84fiero123:




Though much can be said, not going here today! heh, let's just leave it at Happy Thanksgiving Steve!