Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Dead on, Wow, Nice wag! Right on the 5dma!
Amazing. FCEL closed at $7.51. Up 27% since I called that bottom couple weeks ago. Hasn't saw those levels since that day. Dam. Oh well.
Looking at this chart again, seems like recessions were every 2-5 years from 1902 to 1981! Then 1981 it took 9 years for the next one in 1990. Then Clinton years took the most which was 11 years until the next recession when Bush came into office & 01 we had the next recession. Wow.
Does the country know this? If so, they would all be voting for Clinton this year!
Yeah but if you notice a recession happened every 3-5 years back then too. It's different now but I still think it came too quick after 2001. I guess those stimulas checks in 01' provided a short term fix. So does that mean we enter another or bigger recession after these new stimulas checks are out?
2012 Next Great Depression??
Not sure if the dates on the chart are when it ended or started but I figure 2008 will cover the current one. I think it actually started December 2007.
Past Recession Durations Chart:
Past Recession Durations Chart:
I believe that 80,000 number will increase again next week.
~~~~~~~COMPX 04/07/2008~~~~~~~
Previous Close 2370.98 +7.68
2345 SSKILLZ1
2327 QT
I think BNB won by 7 points on the 1st. You have 10. Double check for me. Thanks.
First Thomson Financial, then Kohls, now Nine West!???
First my sister in-law 12 years at Thompson Financial with an important position(& big salary) gets laid off with many other employees. October 07'
Then my mother in-law in December during the holidays gets laid off by the retailer Kohls. She's 70, can't assume she made more than $14k a year.
Now, my other sister inlaw who worked for Nine West for 13+ years, thought she was secure but the main office in White Plains NY is closing down. Everyone is laid off starting in a few months and will recieve severence pay for 5 months!?
This country is actually scaring me now. Not cause it's hitting close to home but because of what I'm seeing happening ALL OVER THE COUNTRY.
WHY AREN'T THEY RAISING INTEREST RATES AND CONTROLLING INFLATION???????????? That pisses me off cause thats what hurting the consumer & AND businesses!
Boeing did 1st fuel cell powered flight
Boeing flies plane powered by fuel cells
2:31p ET April 3, 2008 (MarketWatch)
LOS ANGELES (MarketWatch) -- Aerospace giant Boeing Co. said Thursday that it has successfully flown the first aircraft powered by fuel-cell technology, as part of an in-house research project.
After five years of experiments through a European research unit, Boeing conducted three manned flights of a propeller-driven plane that used a combination of batteries and fuel cells to get airborne, and then flew solely on fuel-cell power. The test flights were conducted in February and March.
Boeing is not looking to power one of its jumbo passenger jets via fuel cells, but could use it as a secondary source of energy for some of its aircraft, according to spokesman Thomas Koehler. "It's more of case of us trying to explore its potential," he said.
Fuel cells are electrochemical devices used to convert hydrogen directly into electricity without a combustion process. Heat and water are the only emissions produced from fuel cells, Boeing said.
The plane used in the experiments was a two-seat Dimona motor-glider with a relatively long, 53.5-foot wingspan. A longer wingspan makes it easier for a plane to glide in for a landing should it run out of power.
Diamond Aircraft Industries of Austria built the base model of the plane, and Boeing modified it with the hybrid fuel/lithium-ion battery system. One of the plane's seats was taken out to accommodate the hybrid system.
The plane's pilot climbed to altitudes of 3,300 feet using a combination of battery and fuel cells, then disconnected the batteries. Then the plane was flown level at 62 miles an hour for 20 minutes using only fuel cells.
Fuel-cell technology could power small manned and unmanned aircraft, as well as auxiliary power units on commercial jets, Koehler said.
The development wasn't "terribly significant," aerospace analyst Jon Kutler said, since the cost of this technology may make it prohibitively expensive for many customers. He would like to see companies that specialize in propulsion technology, such as Pratt & Whitney, a unit of United Technologies Corp. , getting into the act.
"It's a step in the right direction," Kutler said. "I'm glad the technology's being pursued. But it's a long way from application."
Boeing funded the project entirely on its own. The company's "Phantom Works" research division oversaw the European unit that conducted the experiments, Koehler said.
Interesting! Thanks. I will paste this on my board. I'll read it entirely later. This is the only way they'll survive the times of the energy crisis.
~~~~~~~COMPX 04/04/2008~~~~~~~
Previous Close 2363.30 +1.90
2398 QT
2333 SSKILLZ1
Late payments on Auto, Credit cards and equity loans are up the most in 15 years. Jobless claims up 37k to 407,000 highest since Katrina in 2005. What other stat do we have??
~~~~~~~COMPX 04/03/2008~~~~~~~
Previous Close 2361.40 -1.35
2388 timhyma
2372 QT
2345 SSKILLZ1
Think about this: What if...just what if news came out like this that Monday morning...
"Bear Sterns has just filed Bankruptcy and more banks could follow"
All bank stocks would drop 50-75%, it would have caused a collapse in the market and it would have been hell to recover from it. Next Great Depression would have arrived soon.
I now believe what they did helped keep us floating but the problem is what are we floating on.
BBY for one.
Are you realizing a lot of stocks aren't moving in correspondance to technicals? Its like they're ignoring them. Or is it just me?
~~~~~~~COMPX 04/02/2008~~~~~~~
Previous Close 2362.75 +83.65
2411 FinancialAdvisor
2399 QT
2345 SSKILLZ1
2327 timhyma
LMAO!!!!!!! Ooops.
Funny cause the average person see's this as a good thing. But obviously #1. It doesn't help our current situation. #2. It won't help create that artificial appreciation which made many people wealthy and the economy boom cause people were refinancing and buying stuff!
Wasn't it you that said parobolic in April then sell off in May? Nice call so far.
Question is: Are we all Bullish now? lol
LEHMAN UP 6% Pre Market. LOL. Talk about volitile!! $39.75 now.
~~~~~~~COMPX 04/01/2008~~~~~~~
Previous Close 2279.10 +17.92
2313 timhyma
2999 QT
2293 rayrohn
2245 SSKILLZ1
2222 FinancialAdvisor
LEHMAN DROPPING AFTERHOURS. DOWN 8%! ??
Something about them selling shares for capital. Closed down .61% at $37.64 for a hollow red doji on a downtrend.
Currently $35.06. 1 Million + in volume within 15 minutes.
Convertible Preferred Stock
NEW YORK, March 31 /PRNewswire-FirstCall/ -- Lehman Brothers Holdings Inc.
(NYSE: LEH) today announced that, in response to investor interest, it intends
to offer 3,000,000 shares of Non-Cumulative Perpetual Convertible Preferred
Stock. Lehman Brothers also expects to grant the underwriter for the offering
an option to purchase up to 450,000 additional shares of the Preferred Stock to
the extent the underwriter sells more than 3,000,000 shares of the Preferred
Stock in the offering. The proceeds from this offering will be used to bolster
the Firm's capital and increase financial flexibility.
"Given the challenging environment and our previously stated view that it
will likely continue the balance of the year, issuing convertible preferred is
appropriate as it optimizes our funding and accelerates our plan to reduce
leverage, and at the same time minimizes dilution to our shareholders," said
Erin Callan, managing director and chief financial officer of Lehman Brothers
and a member of the Firm's executive committee. "We also felt this was the
right time as there was a window of opportunity in the market, as we have
received significant interest from several key institutional investors, who
have been strong supporters of the Firm over time."
The Non-Cumulative Perpetual Convertible Preferred Stock, Series P, carries a
par value of $1.00 per share and a liquidation preference of $1,000 per share
(the "Preferred Stock").
Upon conversion, the Preferred Stock will be convertible into shares of
Lehman Brothers' common stock, plus cash in lieu of fractional shares. The
non-cumulative dividend rate, conversion rate and other terms are yet to be
determined. An application will be made to list the Preferred Stock on the New
York Stock Exchange. The offering of the Preferred Stock is being conducted as
a public offering registered under the Securities Act of 1933.
Lehman Brothers Inc. is serving as sole book-running manager of this
offering. The offering will be made under Lehman Brothers Holdings' existing
shelf registration statement filed with the Securities and Exchange Commission.
LOL. Whats funny is I said the markets look strong today, and then we dropped like a brick an hour ago. LOL
oil Charts telling me $115 but that can't be, right?
White Noise. Thats all it is. I could of swore I heard him say that the plan isn't good until this credit crisis has passed. LOL I thought thats what we were trying to fix.
I also thought I heard him say 2-8 years. Nice.
How much worse can it get? Let them "try" to fix the problem. I'm thinking longer term we might be better off. Right now I can't think about 10 years from now the fed being involved making it worse. Do you have any ideas on how it might be?
At least we won't get people who "think" they can afford mortgages involved.
Yeap. Almost Guaranteed that these stimulas checks will be cashed and thrown in a hole in the backyard somewhere. lol
The Fed have no idea what will help our country. All this talk is like Charlie Brown. WA WAH WA WHA.
Does anyone realize that higher pizza, milk, stamps, gas, and oil is what's killing the consumer spending/confidence?
Yet the fed keeps lowering rates. Fun to watch.
~~~~~~~COMPX 03/31/2008~~~~~~~
Previous Close 2261.18 -19.65
2304 timhyma
2295 FinancialAdvisor
2275 QT
2245 SSKILLZ1
Do or Die for markets? Indicators pointing higher but something can happen today that will squash them all and we form another down leg.
500% above average volume is considered abnormal. Do your homework.
Most sweeping changes since Great Depression
Proposal will give the Federal Reserve new regulatory power
http://www.msnbc.msn.com/id/23853415/
President Bush, is flanked by Treasury Secretary Henry Paulson, left, and Federal Reserve Chairman Ben Bernanke.
WASHINGTON - In proposing the broadest overhaul of financial oversight since the Great Depression, the Bush administration has kicked off a fierce debate. It pits those eager to revamp an antiquated system against an industry opposed to excessive regulation.
The administration is aware of the hardening lines. The 200-page plan set for release Monday comes with the financial system in the midst of the most severe credit crisis in two generations.
That crunch has meant billions of dollars of losses for big banks and investment houses. It has caused the near-collapse of the country’s fifth largest investment bank, made it harder for consumers and businesses to get loans and pushed the country to the brink of a recession.
The market turmoil has presented an opening for critics to make the case for strong federal rules to crack down on abuses that they believe were at the heart of the current crisis.
But Treasury Secretary Paulson, who has led the effort to rewrite regulations, rejects that criticism.
“I do not believe it is fair or accurate to blame our regulatory structure for the current turmoil,” according to a draft of a speech he planned to give Monday when he outlines the administration’s proposals.
In interviews over the weekend, administration officials sought to frame the proposals as an effort to devise a system that would help keep U.S. companies competitive in an increasingly connected global economy.
“Despite the fact that there will be a temptation to view this through a lens of what is happening now in credit markets, this has been a process that has been going on for a year,” said David Nason, Treasury’s assistant secretary for domestic finance. “These are very complex issues that require a serious amount of debate.”
Treasury began work on the review in early 2007. It came in response to complaints from the financial services industry that U.S. businesses were losing their edge in global competition because of over-regulation by Washington.
The yearlong review produced a plan calling for the greatest changes in financial regulation since many of the current oversight institutions were created in the 1930s.
The Federal Reserve would be a big winner, gaining new powers to serve as the protector of stability for the entire financial system. The plan would abolish some institutions such as the Office of Thrift Supervision and the Commodity Futures Trading Commission; their responsibilities would shift to other agencies.
According to a 22-page executive summary obtained by The Associated Press, the Paulson plan envisions a three-stage process that would lead to establishing three main regulatory agencies.
The Fed would sit at the top with expanded responsibilities as the “market stability regulator.” But the Fed would lose its current powers over bank holding companies.
The proposal would combine the five agencies now responsible for regulating banks, thrifts and credit unions into a single regulatory agency.
The powers of the Securities and Exchange Commission would go into a super agency responsible for business conduct and consumer protection.
Some in the financial industry are concerned that Congress could rush to legislate. They make the comparison to the Sarbanes-Oxley law, passed in 2002 four months after it was introduced in response to the accounting scandals at Enron and other large companies. That effort produced some unintended consequences that, the industry believes, has hurt the global competitiveness of American companies.
“These are phenomenally complex issues and a thoughtful and deliberative approach is what is needed,” Rob Nichols, president of the Financial Services Forum, said in an interview Sunday.
The administration’s proposals got a mixed reaction on Capitol Hill.
The chairman of the Senate Banking, Housing and Urban Affairs Committee, Sen. Christopher Dodd, said in a statement the recommendations deserved careful consideration. But the Connecticut Democrat said he believed they “would do little if anything to alleviate the current crisis.”
House Financial Services Committee Chairman Barney Frank, D-Mass., said Paulson’s plan was a “very constructive step forward.”
“By rejecting the argument for the status quo ... he has narrowed, albeit by no means removed, the differences between his position and that of many Democrats,” Frank said. He has led the effort to look at regulatory changes needed to prevent a repeat of the current mortgage and credit problems.
Most sweeping changes since Great Depression
Proposal will give the Federal Reserve new regulatory power
http://www.msnbc.msn.com/id/23853415/
President Bush, is flanked by Treasury Secretary Henry Paulson, left, and Federal Reserve Chairman Ben Bernanke.
WASHINGTON - In proposing the broadest overhaul of financial oversight since the Great Depression, the Bush administration has kicked off a fierce debate. It pits those eager to revamp an antiquated system against an industry opposed to excessive regulation.
The administration is aware of the hardening lines. The 200-page plan set for release Monday comes with the financial system in the midst of the most severe credit crisis in two generations.
That crunch has meant billions of dollars of losses for big banks and investment houses. It has caused the near-collapse of the country’s fifth largest investment bank, made it harder for consumers and businesses to get loans and pushed the country to the brink of a recession.
The market turmoil has presented an opening for critics to make the case for strong federal rules to crack down on abuses that they believe were at the heart of the current crisis.
But Treasury Secretary Paulson, who has led the effort to rewrite regulations, rejects that criticism.
“I do not believe it is fair or accurate to blame our regulatory structure for the current turmoil,” according to a draft of a speech he planned to give Monday when he outlines the administration’s proposals.
In interviews over the weekend, administration officials sought to frame the proposals as an effort to devise a system that would help keep U.S. companies competitive in an increasingly connected global economy.
“Despite the fact that there will be a temptation to view this through a lens of what is happening now in credit markets, this has been a process that has been going on for a year,” said David Nason, Treasury’s assistant secretary for domestic finance. “These are very complex issues that require a serious amount of debate.”
Treasury began work on the review in early 2007. It came in response to complaints from the financial services industry that U.S. businesses were losing their edge in global competition because of over-regulation by Washington.
The yearlong review produced a plan calling for the greatest changes in financial regulation since many of the current oversight institutions were created in the 1930s.
The Federal Reserve would be a big winner, gaining new powers to serve as the protector of stability for the entire financial system. The plan would abolish some institutions such as the Office of Thrift Supervision and the Commodity Futures Trading Commission; their responsibilities would shift to other agencies.
According to a 22-page executive summary obtained by The Associated Press, the Paulson plan envisions a three-stage process that would lead to establishing three main regulatory agencies.
The Fed would sit at the top with expanded responsibilities as the “market stability regulator.” But the Fed would lose its current powers over bank holding companies.
The proposal would combine the five agencies now responsible for regulating banks, thrifts and credit unions into a single regulatory agency.
The powers of the Securities and Exchange Commission would go into a super agency responsible for business conduct and consumer protection.
Some in the financial industry are concerned that Congress could rush to legislate. They make the comparison to the Sarbanes-Oxley law, passed in 2002 four months after it was introduced in response to the accounting scandals at Enron and other large companies. That effort produced some unintended consequences that, the industry believes, has hurt the global competitiveness of American companies.
“These are phenomenally complex issues and a thoughtful and deliberative approach is what is needed,” Rob Nichols, president of the Financial Services Forum, said in an interview Sunday.
The administration’s proposals got a mixed reaction on Capitol Hill.
The chairman of the Senate Banking, Housing and Urban Affairs Committee, Sen. Christopher Dodd, said in a statement the recommendations deserved careful consideration. But the Connecticut Democrat said he believed they “would do little if anything to alleviate the current crisis.”
House Financial Services Committee Chairman Barney Frank, D-Mass., said Paulson’s plan was a “very constructive step forward.”
“By rejecting the argument for the status quo ... he has narrowed, albeit by no means removed, the differences between his position and that of many Democrats,” Frank said. He has led the effort to look at regulatory changes needed to prevent a repeat of the current mortgage and credit problems.
So you saying Obama shouldn't even continue? lol
Hey, I can't post on the 9-11 board or PM for that matter. I don't mind at all. In fact I'd love to talk about what a scam that was by our government but unfortunetly its not a free board. All I can say is, go to youtube.com and search for 9-11 put options. You'll see some good videos.
The question isn't how and who knew but why weren't the people who made the trades investigated on.
Also no doubt in my mind that the 3 buildings came down by coordinated demolition. The bombs going off in the lower levels is so damn obvious, plus witnesses saying they heard them.
Who do you arrest? The entire government? lol
Good rant. I'm all for making money any way you can (legally) but when you actually screw employees, investors, and managment, then it's another ballgame. Then again, we live in a country of Greed and your Martha example proves it.
P.S - I know it's 6 yrs old now but you should look into the insider trading spikes before 9-11. Apparently the put activity for American Airtlines and United few days before 9-11 was insane.
http://www.hereinreality.com/insidertrading.html