Replies to post #85937 on SPDR S&P 500 (SPY)

[Beerworld]

Sorry two I only read the first half line I was going to say grill him with BBQ sauce and lemon................

[rimshot]

this is not unbiased, but a data source, fyi

Roubini has data on employment/unemployment -

http://www.rgemonitor.com/roubini-monitor/bio/nouriel/nouriel_roubini

as does Barry R. - his posts on unemployment data and their use goes back more than a year...I read Barry routinely

http://www.ritholtz.com/blog/


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We are in the "middle innings" of the mortgage and foreclosure crisis

House prices have at least another 15%-20% to fall and won't bottom until the middle of next year.

The recent signs of stabilization are the "mother of all head fakes."

We've summarized house-price portion of T2's presentation in the slides that follow.

http://www.businessinsider.com/henry-blodget-t2-partners-presentation-on-the-state-of-the-housing-market-july-1-2009-2009-7
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Bank of America Corp. Chief Executive Kenneth Lewis told investors last week he is planning to shrink the company's 6,100-branch network by about 10%, a pullback from the two-decade expansion that took the bank from coast to coast.

http://online.wsj.com/article/SB124874668619485699.html
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2nd Quarter GDP to be released this Friday. Consensus calls for -1.5%
but HSBC looking for +0.7%

Total bank credit contracted $41 billion (20% annual rate) for week ending July 15. The 4th weekly decline.

Commercial & Industrial loans dropped $1.7b - down over $50b in the past 3 months or a 13% annual rate, which is unprecedented.

[michael03332002]

Two, watch what he SAYS

Had a chance to be on a conference call w/ my rep Conway in my district and asked him about how he could fly in the face of overwhelming evidence that the nation is in favor of term limits for ALL our national representatives. He gave me this BS answer of how HE opposes term limits because it creates lame duck reps, yada yada

The moral to the story was he did not answer my question, I didnt ask how HE felt, asked how he dismissed the popular opinion of his voters and how could he explain basically telling us to PISS OFF, going to protect my own ass

They talk in fantasy terms, I believe in states rights, yada yada

OK, good now what are you going to DO about it and stop TALKING about it. They have become quite good at the old side shuffle when answering a question.. One has to phrase the question as such to not give them room to bloviate, and if they start, STOP hold on, hey just answer my question....

This is all about THEM and making deals to keep their jobs in Washington and making us afraid of whom might get elected if we DONT HAVE THEM ON THAT WALL

BS

A good question might be, HOW FAR DOWN THIS SOCIALISTIC ROAD WILL YOU ALLOW THE FEDERAL GOVT TO TAKE STATE CITIZENS BEFORE YOU STAND UP AND SAY NO MORE? HOW MUCH OF A SACRIFICE WILL YOU EXPOSE US TO BEFORE ENOUGH IS ENOUGH? HOW FAR UNDERWATER WILL YOU LET THE TITANIC SINK BEFORE YOU CALL TO ABANDON SHIP?

Mike