More gloom and doom for the stock market next week - Mercedes-Benz Forum

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post #1 of 23 (permalink) Old 03-08-2009, 06:40 PM Thread Starter
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More gloom and doom for the stock market next week

This does not look very promising.

Investors give up on data, pay attention to fear - Stocks & economy- msnbc.com
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post #2 of 23 (permalink) Old 03-08-2009, 07:18 PM
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Bizarre article. Lots of words to get to this:

Quote:
A light flow of economic and corporate numbers this week might not be of much help to investors looking for direction.

A Commerce Department report on wholesale inventories is due Tuesday. The figures represent goods held by distributors who generally buy from manufacturers and sell to retailers. When the numbers fall, economists expect layoffs to increase as production slides.

On Thursday, the department reports on retail sales for February and business inventories for January.

Reports are due Friday on international trade and consumer sentiment.
Since many companies have been scaling back for two quarters now it is POSSIBLE that inventories will be lighter than previous which might stave off more layoffs. That would be good. February retail sales are going to suck I think and sentiment reports are going to be those "worst in XX years" type things. But I really think much of that is already factored in.

Unless these guys didn't get enough bonuses to keep buying their Adderall they already know it sucks the neighbor's dog and have factored that into their stock portfolio planning. Only reactionary fools are going to see these reports and somehow be surprised and fundamentally change their investment strategies based on them.

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post #3 of 23 (permalink) Old 03-08-2009, 08:59 PM
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post #4 of 23 (permalink) Old 03-08-2009, 09:46 PM
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Damn skippy!
???

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post #5 of 23 (permalink) Old 03-08-2009, 09:49 PM
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post #6 of 23 (permalink) Old 03-08-2009, 09:59 PM
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???
Since many companies have been scaling back for two quarters now it is POSSIBLE that inventories will be lighter than previous which might stave off more layoffs. That would be good. February retail sales are going to suck I think and sentiment reports are going to be those "worst in XX years" type things. But I really think much of that is already factored in.

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post #7 of 23 (permalink) Old 03-08-2009, 10:12 PM
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Of course, if the Bamster makes any public comments/speeches/pronouncements that is most likely to correlate strongly with a DOW decline. There is enough of a pattern here that the ticker is now found in the lower right hand screen corner while he is talking.

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post #8 of 23 (permalink) Old 03-08-2009, 10:22 PM Thread Starter
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It really is funny that every time the market is tanking, somebody is always giving a speech, testifying before Congress on financial standing of our institutions, and almost invariably with negative results on the market. This was as true under Bush as it is now.
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post #9 of 23 (permalink) Old 03-08-2009, 10:28 PM
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I am still of the opinion that most of the guys on Wall Street are either on Adderall or Cocaine, or both. Most that I met certainly had all the symptoms.

I still don't find the speech correlation. Since Obama has been in office there have been 30/60/10 Up/Down/even percentages and there has been either Bernenke, Geithner, Obama or WH press briefing DAILY.

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post #10 of 23 (permalink) Old 03-09-2009, 08:28 PM Thread Starter
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Well, another 80 points down for the DOW on the first trading day of this week. Doesn't look like a great start for the week.
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