Re: "The sky is falling!"

<old777salt@yahoo> wrote in message
news:3ac7c3hvo1n8jc5vuhl5q0njdif62i7l6c@xxxxxxx
On Wed, 15 Aug 2007 21:02:08 -0400, "Allan Smith"
<netsmith@xxxxxxxxxxxxx> wrote:

So much for your "market is still up for the year" claims of a
couple of days ago.

Hell Walmark has said it's customers are barely making it from
paycheck to paycheck. Which is the complete opposite of what Bush is
saying about our ecomity. A point bought out by tonight's news.

Not quite (but a good try nevertheless), what Wal-Mart said was:
"Many customers are running out of money at the end of the month," said H. Lee Scott
Jr., the chief executive of Wal-Mart."
So, what else is new?

"The market" is a term generically defined as the DJIA which is still up for the year
3.34%, as is the AMEX, NASDAQ, MMX, TRAN, COMP, & CRB.

As to the economy Thu Aug 16, 2007 5:34 AM BST:
(Reuters) - U.S. Treasury Secretary Henry Paulson said the turmoil in global markets
will "extract a penalty" on growth but the financial system and economy was strong
enough to withstand it without provoking a U.S. recession.
"The economy and the markets are strong enough to absorb the losses," Paulson told the
Wall Street Journal in an interview published on its Web site on Thursday.
Paulson also said the repricing of risk in markets should not surprise anyone and was
inevitable, and that nothing should be done to guarantee market players against losses
or restrain them from taking risks.

But you two brilliant minds (despite your spelling and redefinition the meaning of
words) already new that.

Fwiw, I don't expect the "repricing of risk in markets" will shake out for at least
another 12 months, and the real estate market to shake out until the beginning of 2009
when the Dems take the WH, and all of the implications of what the markets believe
might happen to tax rates when that takes place is priced into the markets. In the
meantime, batten down the hatches, it's gonna be a bumpy ride; but if you're in the
market for 'stuff' and got the cash, it's a good time to buy when prices are dropping.
DanlK
www.collectibles.fyis.org
RSS Feed Subscription @ http://tinyurl.com/38qpt9


.

Relevant Pages

  • The Silent Dollar Crash
    ... In terms of risk premia, credit spreads and volatility, ... such as NAHB home sales expectations and housing market index and the U ... macroeconomist, and MIT economics PhD, who routinely incorporates the ... financial/corporate governance systems. ...
    (soc.culture.cuba)
  • Re: next the good jobs will go
    ... departments think the market will want two years from now. ... customers no longer want. ... or before design and they get what they had in mind. ... The programming process we used was called the waterfall model, ...
    (soc.retirement)
  • Re: next the good jobs will go
    ... departments think the market will want two years from now. ... customers no longer want. ... The Internet made rapid prototyping and iterative product improvement ... The programming process we used was called the waterfall model, ...
    (soc.retirement)
  • Re: next the good jobs will go
    ... departments think the market will want two years from now. ... involvement, if the customers are in a hurry, give them a skeleton ... I use the analogy of a feedback control system. ... The programming process we used was called the waterfall model, ...
    (soc.retirement)