sell! sell! sell!

[Dawoofdaddy]

Retail and banks led the way lower today.

Its time for the market to start discounting lower earnings for 08.

The housing problems are not being exaggerated.

Didnt hear it myself, but was called and told it was said that 1 of 3 subprime mortgages in Ohio are in or soon will be in foreclosure.

Housing was the cause for the spending boom we've had past 5 years, and now it will be cause of consumer spending bust starting now and foward next 12 months.

Where is our resident mortgage broker THE RIGHT WING? He will know more about this than most of us, but hes usually bullish so getting him to say its toast may be impossible.

 

[Willie99]

Yeah losing 40% of its value in 6 or 7 years is nothing to worry about....14k is a number, nothing more. If the dollar loses another 40% and the market is at 20k you will be declaring victory then as well when you in fact have gained nothing.

Only true if you're buying imports or traveling abroad.

I think the fact that how economy is doing great despite a weakening dollar is a very big indication that the weight given the dollar's trading value is very much overhyped.

 

[Willie99]

I truely do not watch and I'm not the least bit concerned about the daily market. Short term shit happens.

History tells us that five years from now, the investment you made this morning will have grown approximately 8% per year.

Unless you're an active trader, that is you gamble in the stock market, or you need the money short term, there's no need to watch the daily dow.

 

[t2050]

Only true if you're buying imports or traveling abroad.

I think the fact that how economy is doing great despite a weakening dollar is a very big indication that the weight given the dollar's trading value is very much overhyped.

is it really possible to live without buying imports?sounds nice its a little like the enviromentalist telling you to ride a bike to work, not gonna happen. Even if your buying american there is a good chance that parts or raw materials are coming from outside the country so you can't get away from a weak dollar. They may not be instant as it often lags and you don't feel it for 6months to a year. You can state a few positives but there are far more negatives and I doubt seriously anyone of you would prefer you dollar to be worth 40% less on the international market despite any positives you post.

If anything this thread is a good contrarian indicator.

 

[BASEHEAD]

is it really possible to live without buying imports?sounds nice its a little like the enviromentalist telling you to ride a bike to work, not gonna happen. Even if your buying american there is a good chance that parts or raw materials are coming from outside the country so you can't get away from a weak dollar. They may not be instant as it often lags and you don't feel it for 6months to a year. You can state a few positives but there are far more negatives and I doubt seriously anyone of you would prefer you dollar to be worth 40% less on the international market despite any positives you post.

If anything this thread is a good contrarian indicator.

Positives like the two biggest issues: Correcting the misvalued yuan or closing the immense trade gap?

Imports from China Ill assume you mean.Cheap labor to be had worldwide,Indias the next China minus the bad Commie economics.

Remember boss a dollar thats too highly valued has its repercussions as well.Its a cycle.It wasnt too long ago the dollar was valued too strongly.

 

[t2050]

Positives like the two biggest issues: Correcting the misvalued yuan or closing the immense trade gap?

Imports from China Ill assume you mean.Cheap labor to be had worldwide,Indias the next China minus the bad Commie economics.

Remember boss a dollar thats too highly valued has its repercussions as well.Its a cycle.It wasnt too long ago the dollar was valued too strongly.

base are you really saying you prefer the dollar worth 40% less? yes/no

 

[BASEHEAD]

base are you really saying you prefer the dollar worth 40% less? (than the Euro) yes/no

Be specific.

Is it ideal,no but IMO the dollar is being purposely devalued.The fact that the dollar is trading lousy vs the euro is hardly a cause for dispair.Eventually theyll trade roles....probably will signal the end of the Euro at that time.

The thing that folks simply phase out is that this process is dynamic.

 

[t2050]

hope your right I have many US investments so I'm not trying to be happy or smug about the USD falling. Just never thought the day would come when USD and Canadian dollar were about par. I would of predicted the second coming before I called for that.

I know people think the chinese wouldnt hurt themselves by killing the golden goose but just not sure the chinese government really cares about their citizens that much.

 

[Brooklynbomber]

Only true if you're buying imports or traveling abroad.

WTF???

please tell me you are not that ignorant.

- I'm not even going to waste my time telling you why, if it doesn't come from FOX or CNBC or USA TODAY I'm sure you'll discount it.

very simply and plainly, when a currency declines in value, everything else goes up as a result. housing, oil, metals, healthcare, toothbrushes, food etc.

surely you've noticed 99% of the things you buy have gone up 10% since last year right?? well, the truth is those things didn't go up in price, the dollar is just worth less.

 

[Willie99]

Here's a concept lefties have a hard time grasping.

RESULTS

You see, the dollar has been declining for a few years now, and inflation has not been a problem. Thus, your entire statement is proven to be worthless.

PS: Inflation has not been 10% in the last year.

One should refrain from using the term ignorant when you have no fucking clue.

10% :missingte

 

[VaultedTreehouse]

Here's a concept lefties have a hard time grasping.

RESULTS

You see, the dollar has been declining for a few years now, and inflation has not been a problem. Thus, your entire statement is proven to be worthless.

PS: Inflation has not been 10% in the last year.

One should refrain from using the term ignorant when you have no fucking clue.

10% :missingte

No but money creation has been faster than 10%. And those printing presses were fast at work in Europe and the U.S. today. The talking heads sit there and opine on liquidity injections like it is a back ache. Like junkies, CNBC thinks the FED is supposed to save the undisciplined at every turn. Tough to watch.

 

[Brooklynbomber]

Here's a concept lefties have a hard time grasping.

RESULTS

You see, the dollar has been declining for a few years now, and inflation has not been a problem. Thus, your entire statement is proven to be worthless.

PS: Inflation has not been 10% in the last year.

One should refrain from using the term ignorant when you have no fucking clue.

10% :missingte

Oh I forgot....gov't says it's 2.5% so it must be true. they would never lie about something as significant as that.

the 10% figure I quote is based on the old school way of figuring inflation that was used for 50 years.: a price measure of a basket of the same goods....now days whenever an item gets to high they replace it with a cheaper item...i.e. hamburger for steaks etc.

lefty? I'm probably the most politcally conservative person who posts here.

you're likely the type of guy that thinks that since plasma t.v.'s have come down in price inflation is in check. :missingte

here's two good links. yes, it is not mainstream corporate media so it must be a conspiracy theory.

http://www.shadowstats.com/cgi-bin/sgs?

http://www.mises.org/story/2302

 

[cussin'it]

No but money creation has been faster than 10%. And those printing presses were fast at work in Europe and the U.S. today. The talking heads sit there and opine on liquidity injections like it is a back ache. Like junkies, CNBC thinks the FED is supposed to save the undisciplined at every turn. Tough to watch.

Couldn't agree more. Seems like the Treasury is the junkie here, workin them presses overtime.

:money8:

 

[BASEHEAD]

No but money creation has been faster than 10%. And those printing presses were fast at work in Europe and the U.S. today. The talking heads sit there and opine on liquidity injections like it is a back ache. Like junkies, CNBC thinks the FED is supposed to save the undisciplined at every turn. Tough to watch.

They dont want to save the undisciplined,the FED in this instance wants to keep the good ones afloat.Theyd just assume let the subprimes bust IMO.

The problem today will be whether the cash infusions are viewed as proaction or reaction.

 

[Dawoofdaddy]

Getting butchered again today.

:howdy:

 

[tiznow]

Well Fed getting scared of a credit crunch injecting liquidity any perma bulls scared yet?

The Fed added $19 billion in liquidity to the market Friday morning, then another $16 billion and, in mid-afternoon, $3 billion.

Just inject funny money everything will be A-OK:thumbsup:

 

[tiznow]

2:00 pm : Stocks take a turn for the worse as investors scoff at the Fed's decision to step in yet again, this time adding $3 bln in temporary reserves. At $35 bln (the sum of the first two repos), the Fed had already stepped in more aggressively than its actions following the 9/11 attacks to calm a nervous market.

Since a third injection is unprecedented, as such infusions typically only occur during a crisis, investors are again left wondering just how bad the subprime situation is and questioning whether or not an emergency rate cut would even be enough to avert a possible true credit crunch.DJ30 -116.82 NASDAQ -23.63 SP500 -9.56 NASDAQ Dec/Adv/Vol 1832/1184/2.16 bln NYSE Dec/Adv/Vol 2145/1156/1.63 bln

 

[tiznow]

They scared on international level too

The ECB (european central bank) injected a further 61 billion euros ($83.8 billion) Friday morning

FTSE 100 down 3.71% today

 

[tiznow]

What i find most amazing about this whole thing is the central banks feel the need to step in so soon. We have been running like mad at all time highs globally till the latest hickup yet the central banks feel the need to step in already rather than allow it to fall back to more reasonable levels, makes you go hmmm.....

 

[tiznow]

Goldman sachs the bearer of more bad news after hours. Should be an interesting weekend.

Goldman's Global Alpha Falls 26% in 2007, People Say (Update1)

By Katherine Burton and Jenny Strasburg

Aug. 10 (Bloomberg) -- Goldman Sachs Group Inc.'s $8 billion Global Alpha hedge fund has fallen 26 percent so far this year, according to people familiar with the fund.

The decline in Goldman's largest hedge fund, managed by Mark Carhart and Raymond Iwanowski, follows the drop of about 9 percent in 2006, said the people, who declined to be named because the fund is private.

``It's hard to imagine how investors can maintain confidence, because their losses have been taking place over a long period of time, starting last year,'' said Virginia Parker, who helps oversee about $1.8 billion at Parker Global Strategies LLC in Stamford, Connecticut. ``There has been a broad range of market climates, and the fund has not demonstrated the ability to excel in any of them.''

Quantitative, or ``quant,'' hedge funds including those run by Goldman, Highbridge Capital Management LLC and Tykhe Capital LLC have lost money in August as credit spreads have widened and the volatility of stock prices has jumped, rendering useless the statistical models they use to make their bets.

Goldman spokesman Peter Rose declined to comment.

Global Alpha's performance has reduced the fees paid to New York-based Goldman. The biggest U.S. securities firm booked $700 million from the fund in 2006.

Goldman's Global Alpha losses may lead to more redemptions. Withdrawals for the fund's $6.2 billion offshore version totaled $394 million in the month ended June 30, according to an investor who declined to be identified. That was almost three times the $142 million in new money added.

Global Alpha decreased 8 percent during the last full week of July and was down 16 percent from the beginning of January through Aug. 3. There is an Aug. 15 deadline for Global Alpha investors who want to redeem money on Sept. 30.

To contact the reporters on this story: Katherine Burton in New York at kburton@bloomberg.net ; Jenny Strasburg in New York at jstrasburg@bloomberg.net ;