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post #41 of 71 (permalink) Old 12-11-2007, 02:31 PM
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haha 1/4 point taken out and the Dow tanked by almost 300 points. Let's wait for the jitter bugs to panic and sell some more; cheap stocks ahead captain!
I don't really think this drop had much to do with the rate cut, it was the verbiage that went with it [keeping some back for future needs] that was more likely the concern. Plus there have just been so many quarterlies that have been hard negative. I got email from nine different brokers that send me quarterlies and there were about 30 reports [or warnings] in the group and not one was forward looking with positive projections.

When companies like Wachovia, which had, until now never had a down quarter sends warnings or Alcoa which should be strong with increased aircraft business and lightening of automobiles but is trending downward then you start seeing a hard pattern in diverse industries from Retail to manufacturing to finance to services.

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post #42 of 71 (permalink) Old 12-11-2007, 02:35 PM
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cool, can you cite some examples? That is if we still have any local manufacturers left to look at their portfolio
Boeing would be an example of someone with real exports and money in the bank. In the Seattle area they are hiring everything from engineers to welders at premium pay [$48 hr for master welders].

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post #43 of 71 (permalink) Old 12-11-2007, 02:38 PM
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Boeing would be an example of someone with real exports and money in the bank. In the Seattle area they are hiring everything from engineers to welders at premium pay [$48 hr for master welders].

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I wonder if they would hire a dancer to motivate the crowd
I have some moves that would boost productivity for sure. Maybe I should propose my ideas to land a consultancy helping their project managers
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post #44 of 71 (permalink) Old 12-11-2007, 02:40 PM
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I wonder if they would hire a dancer to motivate the crowd
I have some moves that would boost productivity for sure. Maybe I should propose my ideas to land a consultancy helping their project managers
I don't know, welders are a hard group to please and they have torches with flames in case they are NOT pleased.

My cousin is a Journeyman Welder in the area and just got picked up at Boeing. She is expert at welding titanium which is not an easy task. I tried it once and burned through $200 worth of it in under a minute.

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post #45 of 71 (permalink) Old 12-11-2007, 02:46 PM
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I know what you mean, I did aluminium/aluminum welding too for some space related projects and it's not easy.
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post #46 of 71 (permalink) Old 12-11-2007, 04:16 PM Thread Starter
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Here is the missive from Dr. LaRouche, YES, wife of Lyndon. And NO we don't need another Bretton Woods. And YES, the numbers are accurate, I checked [sorry].

______________________________________
Meltdown of World Financial System
Is Fully Under Way
by Helga Zepp-LaRouche
.............................

Don't believe everything you think
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post #47 of 71 (permalink) Old 12-11-2007, 07:42 PM
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as I posted earlier, I don't agree with her blanket conclusions BUT her underlying data is accurate. She just took her conclusions/solution to a somewhat Socialist extreme which might work in a parlor discussion but, much like pure free market economics, has no practical application in the real world.

Key here is to read the data, draw your own conclusions from it.

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post #48 of 71 (permalink) Old 12-11-2007, 07:51 PM
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I think Wachovia, Wells Fargo and Washington Mutual are incredible buys right now. You know they are coming back. It will be a little longer now with 1/4 cut instead of 1/2, but they'll be back. Citi is a little scary, they may not come back. The new guy is spectacularly unremarkable.
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post #49 of 71 (permalink) Old 12-11-2007, 08:45 PM
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I think Wachovia, Wells Fargo and Washington Mutual are incredible buys right now. You know they are coming back. It will be a little longer now with 1/4 cut instead of 1/2, but they'll be back. Citi is a little scary, they may not come back. The new guy is spectacularly unremarkable.
I agree, Wachovia WF and WaMu will not fold on this. They did not sink nearly as high a percentage of assets in bad debt as some of the others.

You are dead on, Citi is the one on the bubble from what I can see. If the numbers are even close to accurate that they are sitting on $34Trilllion in Derivatives then they can't peddle quick enough to get out of the way. And that will be a pretty big domino.

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post #50 of 71 (permalink) Old 12-11-2007, 08:47 PM Thread Starter
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I agree, Wachovia WF and WaMu will not fold on this. They did not sink nearly as high a percentage of assets in bad debt as some of the others.

You are dead on, Citi is the one on the bubble from what I can see. If the numbers are even close to accurate that they are sitting on $34Trilllion in Derivatives then they can't peddle quick enough to get out of the way. And that will be a pretty big domino.
Why aren't you watching Boston Legal??? Dennie and Allen just tried to enlist in the National Guard! And they were rejected...

Don't believe everything you think
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