Replies to post #108019 on BB's Stock Haven

[Domerfan17]

The market doesn't seem to mind so far....

[ORCA]

They do, so the stocks go to .00000001 as good buying oportunities.LOL.

[Casprs1]

They're idiots. Nothing like slowing down a already slugish economy going into the Christmas season. Not to mention the Afgan/Iraq situation and the oil prices. I don't get it as well.

[skywalkin]

To keep you poor

They know outsourcing wasn't in the economic plan years ago when they designed the Fed intrest rate system but they still assume our economic system is working now that Americans can know longer pay the payroll taxes the system was designed to balance.

[Art2Gecko]

Housing Construction Highest in 5 Months
http://news.yahoo.com/news?tmpl=story&u=/ap/20040921/ap_on_bi_go_ec_fi/economy_10




By JAMES J. CRAMER
The Wall St Journal (paid subscription req'd, but majority is in excerpt)
Tues, Sept 21, 2004


Excerpt:


Imagine the difficulty John Kerry faces in explaining what's wrong with the economy. He wants to talk about President Bush's reckless deficit spending, but how reckless can that spending be if the market's willing to lend the government money at a measly 4%, lower than when President Clinton turned deficits to surplus? He wants to portray the economy as weak and getting weaker, but how weak is an economy that finds Federal Express, Yellow Roadway and United Parcel all on the 52-week-high list?

These companies ship to meet demand, not to build inventories. Sen. Kerry would love to talk about lagging employment and jobless growth, but go tell that to Bill Zollars, Yellow Roadway's CEO, who has ratcheted up earnings forecasts three times during the alleged "soft patch" and would be making even more money if he could just find more truck drivers to hire.

Sen. Kerry would love to talk about how consumers and businesses are suffering through $45-a-barrel oil, but prices at the pump stopped going up months ago, and for other than a handful of poorly run, unhedged airlines, high oil's had remarkably little impact on any part of the economy, except the oil industry itself which is both hiring and booming. You don't debit the growth of Exxon and Chevron payrolls; their jobs pay greenbacks the same as any other. Meanwhile, we've got the veritably endless boom in housing, a two-year boom in steel, plus a brand new cyclical turn in aerospace. Boeing's stock doesn't lie; it's become a permanent fixture on the daily new-high list.

The irony isn't that Sen. Kerry can't make more hay out of this array of strength, it's that President Bush doesn't take more credit for what's going right. Hamstrung by less-than-stellar monthly hiring figures and stubborn weakness in tech and auto sectors -- among the most visible growth engines just a few years ago -- Mr. Bush seems oddly defensive about the robustness of so many other, formerly dormant sectors of the economy. He should be donning a hard hat to help produce scarce hot-rolled steel. He should be grabbing a nailgun to help Toll Brothers, Lennar, and Pulte meet the extraordinary housing demand. That's if he can brave the lines at Home Depot and Lowe's, and if they aren't sold out of Black & Decker's hot-selling power tools

http://online.wsj.com/article/0,,SB109572677902423134,00.html?mod=opinion%5Fmain%5Fcommentaries

[brazentrader]

how about realestate and oil for starters? not to mention elections are close and what the economy historically does if the incumbent wins the election. btw. the last time we discussed this you had opinions about the housing bubble. you should read sundays LA TIMEs business section front page. everything i debated with you and others is in black and white now :) seems editorial experts agree with me.

[stocko]

When the interest rates were falling they were hurting the consumer more then anything,mortgage rates dropped a little but the interest rate drop screwed the consumer which a lot of people dont see,when it was @ 1 percent the banks were giving 3/4 of a percent interest on your money while they used it to make big money,9 to 18 percent on credit cards etc.I had a money market account and was getting almost 500 a month on interest in 2000,now its 150 a month