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the nature boy
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holy smokes. Talk about a market correction.
DOW JONES down over 400 points
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HappyScrappy
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my bad
BaBa-BooeY
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HappyScrappy
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wow - that looks a lot like me. 'cept I don't wear glasses
KHMER ROGUE
Banned
Remember, with a Republican in white house, you get a recession. 
K
KAYNE
Guest
ITS ONLY DOWN 120 RIGHT NOW.
KAYNE
KAYNE
the nature boy
New member
I'm starting to think that the whole stockmart boom of the late 90's may have been a result of bad book keeping, like enron and worldcom and microstrategy and....
smallmovesal
New member
The Nature Boy said:
i blame it on those damn dirty apes.
the nature boy
New member
at a glance I could see how you would think it was those damn dirty apes, but if you look closer the answers lie elsewhere.
The Nature Boy said:
Over ibnvestmebnt in .com's led to teh creation of a lot of high paying tech jobs which mean tmore people spending more money..leads to more growth.
The the .com's went .gone andthemoney stopped. Huge debts were owed, both by teh newly unemployed and corporate debts where lines of credit were extended. We are in the downward spiral.
This is contraction. However, when there is no relief in sight, people spend less, figuring everything will be cheaper later in anyway. This leads to deflation, which I feel we are experiencing now. (Economists tend to disagree).
The only sustained growth or stabilization is in home prices, usually an economic bellwether, but right now, kept artificially high by artificially low interest rates.
These are tough times.
If you are in a position to invest for the long term, stocks are on sale.
the nature boy
New member
yes but look at enron, wordcom, and microstrategy, global crossing and who knows how many others. those stocks were high flyers. All those investors got fucked, not to mention the crash of those respecitive stocks sends a negaive ripple in the stock market and also hurts investor confidence.
K
KAYNE
Guest
IT CLOSED DOWN 45 POINTS WITH PHARMACIA AND HOME DEPOT LEADING THE RECOVERY.
KAYNE
KAYNE
smallmovesal
New member
george dubya to the rescue with yet another commission!!
S
Spartacus
Guest
for those people who think the prez really has much of an impact on the economy..well he doesn't..the house and the senate have much more to do with setting national economic policy..imo,the most critical role the prez plays is the selection of supreme court justices...these selections are for life and these 9 justices make the changes to the national law which effect our lives for decades..e.g. roe vs wade and abortion..and how many supreme court decisions are decided by a 5-4 vote..many..so when its time to select a new justice..you want your respective prez in power at the time..be you liberal or democrat
huntmaster
New member
KHMER ROGUE said:Remember, with a Republican in white house, you get a recession.
simple minded America
Its not that simple bud
VicTusDeuS
New member
KHMER ROGUE said:Remember, with a Republican in white house, you get a recession.
Remember, It's better to let someone think you are an Idiot than to open your mouth and prove it
The market started its downturn months before Bush was even elected...
KHMER ROGUE
Banned
VicTusDeuS said:
In case if you thought I was actually telling the truth, think again. Jeez. I was being sarcastic when I typed that statement. Do I like Republicians? Nah. Do I like Demoracts? Nah. Do I like them on spit over open fire? Yes! Yummy....BBQ politicians.
I must admit, Nature boy posed an interesting question. Could be the late 90s boom be from the result of fictitious bookkeeping? Who knows? It takes another new and radical revolution to spur the type of economy we saw in late 90s. Meanwhile, hang on tight because it won't pick up anytime soon, not with the distrust in Corporate America and shaky investor confidence. Remember, it's a psychological Economy. It all depends on the people.
First off Gore won't and shouldnt be the president, ever...
second off Victus is right, it isnt bush's fault and this all started when clinton was in office (not blaming it on clinton but this def isnt bush's fault)
the fact of the matter is that a few years ago stock prices flew threw the roof and every company was not able to back themselves...they were all .com stocks that had barely any profits or employees.. now all we are seeing is the correction of all the stocks that nearly quadrupled at that time. it was too much, stocks should pay out nealy 12% per year (i think that is the average). Over 100% was out of control...
peace
second off Victus is right, it isnt bush's fault and this all started when clinton was in office (not blaming it on clinton but this def isnt bush's fault)
the fact of the matter is that a few years ago stock prices flew threw the roof and every company was not able to back themselves...they were all .com stocks that had barely any profits or employees.. now all we are seeing is the correction of all the stocks that nearly quadrupled at that time. it was too much, stocks should pay out nealy 12% per year (i think that is the average). Over 100% was out of control...
peace
VicTusDeuS
New member
Exactly. Nature Boy makes a good point. In the late 90's you had companies like Amazon and such that had losses trading at extremely high prices and their losses WERE reported. If people were foolish enough to buy stocks in companies loosing money, how would they react to companies that were reporting a greater profit???
Im sure this probably has been going on since the beginning of the stock market but because everybody and their mother is buying stocks now more people are keeping an eye on everything. In recessions and downturns in stock prices everyone starts to look at companies and now all these mistakes are becoming noticeable. Also because of the Internet and stuff people are more aware of all this information. The information you used to have to go to a broker for that you can now pull up with a few clicks. Of course there will always be people with inside information that will always see what you see before it gets out....
Im sure this probably has been going on since the beginning of the stock market but because everybody and their mother is buying stocks now more people are keeping an eye on everything. In recessions and downturns in stock prices everyone starts to look at companies and now all these mistakes are becoming noticeable. Also because of the Internet and stuff people are more aware of all this information. The information you used to have to go to a broker for that you can now pull up with a few clicks. Of course there will always be people with inside information that will always see what you see before it gets out....
vinylgroover
New member
One man's misfortune is another's opportunity. BUY, BUY, BUY
the nature boy
New member
buy? who has money to buy? and it's pretty hard to blame any president on the economy, corperations get tons of tax breaks and loans and grants from the government, no matter who's in office.
But Khmer is right, some new technology discovery or innovation is going to spur the market back up again, like the whole internet thing did.
But Khmer is right, some new technology discovery or innovation is going to spur the market back up again, like the whole internet thing did.
If you think the pres bears no responsibility towards the economic state, think again. Especially when you campaign on your fiscal frugality, business background, CEO cabinet, etc.
Well, where is the frugality, budget in the red in less than two years (can't blame that on Clinton), market falling (can't blame that on Bush), corrupt accounting practices, here's the problem, if you continue to ignore corruption (Enron, Global Crossing), don't address obvious shortcomings in accounting practices, which are magnified when the money (budget is in the red), this is what you get.
It's no secret Bush does not want to penalize the CEO'S, I mean he waited until the whole country was completely pissed with the stock market/investing/companies being run into the ground thing got so bad.
Had he acted, (he and other GOP leaders resisted ALL attempts to police corporations), ALL that was talked about was welfare reform, NOT corporate reform, when it was clearly something that should have been addressed when the problems surfaced with Enron, and IMclone.
With his boasting of CEO experience, I don't hear ANY passion about going after these criminals who have destroyed American investor confidence, wiped over 6 trillion off the books, and exposed the insider trading/stock analysts crap (Merrill Lynch) that's been going on for years.
Then again, with his practices of the past, he has no real credibility, I mean I wouldn't listen to a drug dealer who sold drugs, then attempted to appear concerned about the welfare of the people who got the shaft, and so goes the problem with Bush. No one believes him, investor wise that is.
It's also notable that the GOP hurriedly restructured a bill they had already passed on corporate reform last week.
Another indication that the methods they were championing a few months ago, they now are running from them.
If Bush/Cheney don't think it's a big deal, watch history repeat itself..................he will be out of office, if more companies collapse, and no serious reforms are implemented, he goes ahead with his attempt to put 250,000 servicemen in harms way, and we suffer serious losses dealing with Iraq.
Why is it that NONE of the countries in the M East support us?
Well, where is the frugality, budget in the red in less than two years (can't blame that on Clinton), market falling (can't blame that on Bush), corrupt accounting practices, here's the problem, if you continue to ignore corruption (Enron, Global Crossing), don't address obvious shortcomings in accounting practices, which are magnified when the money (budget is in the red), this is what you get.
It's no secret Bush does not want to penalize the CEO'S, I mean he waited until the whole country was completely pissed with the stock market/investing/companies being run into the ground thing got so bad.
Had he acted, (he and other GOP leaders resisted ALL attempts to police corporations), ALL that was talked about was welfare reform, NOT corporate reform, when it was clearly something that should have been addressed when the problems surfaced with Enron, and IMclone.
With his boasting of CEO experience, I don't hear ANY passion about going after these criminals who have destroyed American investor confidence, wiped over 6 trillion off the books, and exposed the insider trading/stock analysts crap (Merrill Lynch) that's been going on for years.
Then again, with his practices of the past, he has no real credibility, I mean I wouldn't listen to a drug dealer who sold drugs, then attempted to appear concerned about the welfare of the people who got the shaft, and so goes the problem with Bush. No one believes him, investor wise that is.
It's also notable that the GOP hurriedly restructured a bill they had already passed on corporate reform last week.
Another indication that the methods they were championing a few months ago, they now are running from them.
If Bush/Cheney don't think it's a big deal, watch history repeat itself..................he will be out of office, if more companies collapse, and no serious reforms are implemented, he goes ahead with his attempt to put 250,000 servicemen in harms way, and we suffer serious losses dealing with Iraq.
Why is it that NONE of the countries in the M East support us?
KHMER ROGUE
Banned
SmegmaSoldier said:
Are you trying to say that middle east countries are united as one country? I wasn't sure if you meant that.
KHMER ROGUE
Banned
SmegmaSoldier said:
Can you prove this that they're still united? Please do enlighten me.
the nature boy
New member
SmegmaSoldier said:
so that would explain Iraq invaded both Iran and Kiwait at different times. uh ok.
the nature boy
New member
you could also say that about latin america too then right? or the asian area too?
the nature boy
New member
wrong. none of those nations you mentioned are islamic states. their leaders are dictators and nationalists, which goes against islam.
Sushi X
New member
gymnpopa, very well said.
smegma, not all libs are'nt against corporations but corrupted, greedy, powe hungry ceo's and execs who do nothing but increase their won gain. the thing that gets me is republicans would rather see the big wigs get their pockets full rather than the working class who are the backbone of any good corporation. corporations tend to screw employees in the name of saving money. going from a good healthcare provider to a cheap good for nothing HMO without letting them know or even letting them know. i won't go into HMO's as i could rip them a new one but you see my point though i'm sure you will take it out of context and not see the big picture here. that's fine though.
smegma, not all libs are'nt against corporations but corrupted, greedy, powe hungry ceo's and execs who do nothing but increase their won gain. the thing that gets me is republicans would rather see the big wigs get their pockets full rather than the working class who are the backbone of any good corporation. corporations tend to screw employees in the name of saving money. going from a good healthcare provider to a cheap good for nothing HMO without letting them know or even letting them know. i won't go into HMO's as i could rip them a new one but you see my point though i'm sure you will take it out of context and not see the big picture here. that's fine though.
yeah, this really is a drag, you could say we are in a depression right now. I'm kinda depending on a couple stocks, so this pisses me off, all these rich fuckers who decide to play with their cash when they get skeptical over bad accounting in their companies. It'll take a while with their slow mentality to get it going again. Keep selling, idiots, you'll just make it worse and worse. Nobody realizes that the market is a collective effort. Millions of people are thinking, hmm, well just because I sell some it won't make a big difference. And most of these people don't need to sell any of their stock. I had to sell some at a lower than wanted price to pay some debts. 
the nature boy
New member
why is it that it's the rich folks that always sell their stocks at the right time before a stock hits the shitter while the average folks get fucked.
huntmaster
New member
If you decide to play the game--you must agree to accept the rules of the game--or not get involved.
KHMER ROGUE
Banned
Oy! We're nearing the 7,000 mark. When was the last time we were under 8,000 ? late 80's ? LOL.
the nature boy
New member
huntmaster said:
well if this is a game, as you say it is, then it seems like some people bend the rules and some people can't.
huntmaster
New member
I got into it knowing that people play games with certain stocks and that I could get burned--that is a risk that you take by getting in.
I refer to it as a game, b/c to the big players that is what it is
I refer to it as a game, b/c to the big players that is what it is
talonracer
New member
When I started at Lucent/Agere they gave you $500 in a 401k as a bonus for joining the team, just got my statement that thing is now worth $14.13.......no shit!!
Norman Bates
New member
People should be aware that the big banks investment guides are usually total BS.
If they bought a stock and lateron find out it was a waste of money they will tell that it´s a good onvestment , so they can sell at a higher pricer and cover some loss.
If they bought a stock and lateron find out it was a waste of money they will tell that it´s a good onvestment , so they can sell at a higher pricer and cover some loss.
p0ink
New member
gymnpoppa said:
oh that's right, i forgot, clinton defeated the business cycle.
if you want to talk about corruption, i think we should talk about terry mcauliffe and how he invested 100,000 in global crossing and turned it into 18 MILLION then got out right before the company went belly-up.
p0ink
New member
My friends, I had this story in yesterday's stack of stuff, and I just didn't get to it, but it's a real big one involving half of the Dick Gephardt/Tom Daschle Abbot & Costello team.
In October of 1987, Terry McAuliffe and other Democrats formed a politically connected bank. McAuliffe and several other Democratic Party stalwarts founded what was called Federal City Bank, which drew many of its clients from its own political connections, including labor committees and political action committees. While running the Federal City Bank, McAuliffe also served as finance director for Dick Gephardt's failed presidential campaign in 1988. Federal City Bank, run by McAuliffe, made an unsecured loan to the Gephardt campaign.
The New York Times reported the story on February 13th, 1988. The headline was "Gephardt received two unsecured loans from bank."
McAuliffe claimed that other banks did back the loans, but he had no papers to show that. Defending the loans to Gephardt's campaign, McAuliffe said that another Washington bank had told the Federal City Bank that it would advance the money for the loan. He said his bank had a letter from the other bank that they had approved the loan. But when asked for that document, neither McAuliffe nor the bank's senior loan officer would furnish the letter or disclose the name of the bank that they said had initially pledged to make the loan. Federal regulators said that Federal City Bank [that's McAuliffe's bank] used unsafe and unsound banking practices.
An industry trade publication noted that Federal City lost one and a half million dollars in its first three years in business. How did it do that? It gave money away. It didn't loan money to anybody. They gave it away. These shysters set up a shark bank! They set up a fraudulent bank! They just conned people into giving them money, and they gave it to themselves for Gephardt's failed presidential run.
Now, you contrast this with George W. Bush, who has opened up all records on this SEC business with Harken, and has asked everybody to look at all the paperwork when it was under investigation. He's held nothing back. Gephardt is out demanding information from Bush and making all accusations. Meanwhile, he has this fraud deal in his past. This stinks!
This isn't Gephardt's only experience with funny money. We've done the research and we have tracked down a Washington Post story, concerning a Gephardt funny money tax deal with a home in North Carolina. Gephardt claimed a homestead exemption for a home in North Carolina in which he didn't live enough days to claim it as a home, yet he took the tax deduction that comes with the homestead exemption. When this was discovered he was allowed to correct the mistake.
He failed to report his half-interest in this beach front vacation property, and yet took a homestead deduction on it. He was allowed to correct the mistake, but he only did so after it made news. Had this not been made public he would have gotten away with the scam, which is what it was, not a mistake! This guy knows accounting tricks better than the guys that ran WorldCom! Gephardt could have run Enron! And McAuliffe, too!
(taken from www.rushlimbaugh.com)
In October of 1987, Terry McAuliffe and other Democrats formed a politically connected bank. McAuliffe and several other Democratic Party stalwarts founded what was called Federal City Bank, which drew many of its clients from its own political connections, including labor committees and political action committees. While running the Federal City Bank, McAuliffe also served as finance director for Dick Gephardt's failed presidential campaign in 1988. Federal City Bank, run by McAuliffe, made an unsecured loan to the Gephardt campaign.
The New York Times reported the story on February 13th, 1988. The headline was "Gephardt received two unsecured loans from bank."
McAuliffe claimed that other banks did back the loans, but he had no papers to show that. Defending the loans to Gephardt's campaign, McAuliffe said that another Washington bank had told the Federal City Bank that it would advance the money for the loan. He said his bank had a letter from the other bank that they had approved the loan. But when asked for that document, neither McAuliffe nor the bank's senior loan officer would furnish the letter or disclose the name of the bank that they said had initially pledged to make the loan. Federal regulators said that Federal City Bank [that's McAuliffe's bank] used unsafe and unsound banking practices.
An industry trade publication noted that Federal City lost one and a half million dollars in its first three years in business. How did it do that? It gave money away. It didn't loan money to anybody. They gave it away. These shysters set up a shark bank! They set up a fraudulent bank! They just conned people into giving them money, and they gave it to themselves for Gephardt's failed presidential run.
Now, you contrast this with George W. Bush, who has opened up all records on this SEC business with Harken, and has asked everybody to look at all the paperwork when it was under investigation. He's held nothing back. Gephardt is out demanding information from Bush and making all accusations. Meanwhile, he has this fraud deal in his past. This stinks!
This isn't Gephardt's only experience with funny money. We've done the research and we have tracked down a Washington Post story, concerning a Gephardt funny money tax deal with a home in North Carolina. Gephardt claimed a homestead exemption for a home in North Carolina in which he didn't live enough days to claim it as a home, yet he took the tax deduction that comes with the homestead exemption. When this was discovered he was allowed to correct the mistake.
He failed to report his half-interest in this beach front vacation property, and yet took a homestead deduction on it. He was allowed to correct the mistake, but he only did so after it made news. Had this not been made public he would have gotten away with the scam, which is what it was, not a mistake! This guy knows accounting tricks better than the guys that ran WorldCom! Gephardt could have run Enron! And McAuliffe, too!
(taken from www.rushlimbaugh.com)
the nature boy
New member
p0ink, you are correct, only dems are guilty of wrong doing.
congrats, you are now a slave. fool.
congrats, you are now a slave. fool.
the nature boy
New member
I love when I post shit when I've been drinking. Disregard the second part of my comment p0ink. I would erase it, but it's pretty humorous to me.
Steroid_Virgin
New member
4everhung said:
True that.. Ways & Means, and Appropriations controls gov't spending many times more than the president does. They write the checks, not the pres... more proof that very few who live outside the beltway have no fucking clue how the federal government is run. Must be a 202 thing..
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