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Oldog
Posted on Monday, February 23, 2009 - 10:11 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)





'Nuff said ..
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Spdkls
Posted on Monday, February 23, 2009 - 10:13 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

nice
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Jramsey
Posted on Monday, February 23, 2009 - 10:21 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

My thoughts also.
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Court
Posted on Monday, February 23, 2009 - 12:17 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

The markets are sure talking . . .


quote:

By Alexandra Twin, CNNMoney.com senior writer NEW YORK (CNNMoney.com) -- Stocks tumbled anew Monday morning as any enthusiasm that the government may boost its stake in Citigroup was tempered by ongoing worries about the economy.




You get the feeling investors are putting much stock in the feds cred?
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Limitedx1
Posted on Monday, February 23, 2009 - 12:41 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

i want one!!!!
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Court
Posted on Monday, February 23, 2009 - 05:43 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

Boy . . . dig those markets . . . since we've been getting this "change" lecture . . . well, things are certainly "changing".

The DJI is about to reach another resistance point . . this could get ugly.

You simply can NOT buy your way out of debt by borrowing.
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Old_man
Posted on Monday, February 23, 2009 - 06:00 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

You simply can NOT buy your way out of debt by borrowing

That's what I have said for YEARS . - most disagreed with me then.
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Alchemy
Posted on Tuesday, February 24, 2009 - 07:33 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

I may be able to buy a little more HD at 8 dollars yet. HD is on the gravy train as they have gotten some goodies in the stimulus bill it seems in the sales tax help for motorcycle buyers. Cool.
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Rfischer
Posted on Tuesday, February 24, 2009 - 08:52 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

It's actually fairly easy to see where the market is going. It has been suggested the average '09 earnings for S&P 500 companies will be $60/share. At yesterday's close that results in an average S&P 500 P/E of 12 - somewhat below the 20 yr. average of 15, but still "expensive". However, I think that all signs point to a continued drop in corporate earnings for '09 and suggest the average earnings/share will be closer to $50, which at the current level of the index takes the P/E back to 15.

Unsustainable. S&P 500 @ 650 is very likely, reflecting the continued erosion of earnings. By the end of the 2nd quarter, I wager. Going forward to '10, if earnings stabilize the markets will bottom based on valuations and the stage is set for a recovery for equities. The economy will take longer simply because the financial system is broken and our Fearless Leaders are clueless - worse...their attempts at fixes are exacerbating the problems and putting roadblocks up to the market forces that could clean up the mess and restructure the financial sector.

OK, I'll put the soapbox away now.
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Indybuell
Posted on Tuesday, February 24, 2009 - 08:57 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

+1
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Court
Posted on Tuesday, February 24, 2009 - 09:58 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)


quote:

The economy will take longer simply because the financial system is broken and our Fearless Leaders are clueless - worse...their attempts at fixes are exacerbating the problems and putting roadblocks up to the market forces that could clean up the mess and restructure the financial sector.




I agree.

It was this very week that automakers were to return to Washington with their "plans" . . . well they came to Washington and their "plan" is "we need $22,700,000,000 more dollars".


quote:

Associated Press
Published: February 22, 2009

WASHINGTON (AP) - The Senate’s Republican leader says U.S. automakers seeking government aid still aren’t doing what’snecessary to save themselves. Sen. Mitch McConnell of Kentucky says that failure, in his view, is leading to a long-term policy in which the government simply props up the auto industry.




Good-bye Chrysler.

Of note was the journalist who did some snooping to reveal that none of the cabinet folks drives an American made car. . .


AIG is back at YOUR well. You remember them, right? Gov't management "help" is working out for them as well as it has made the USPS and IRS the icons of efficiency.

Bikes? . . . well, I thought I was stealing when I bought Harley-Davidson for $11/Share . . . here's a great deal!


quote:

Harley-Davidson shares fall on sales worries
February 23, 2009
6:56 PM ET
NEW YORK (AP) - Shares of Harley-Davidson Inc. fell Monday, as the overall market dropped and investors continued to fret about the company's 2009 sales amid tight credit markets and a weak economy.

The iconic motorcycle maker's shares fell 51 cents, or 4.7 percent, to close at $10.31, after dropping to $10.19 earlier in the session. Over the past 52 weeks, Harley-Davidson shares have traded between $10.07 and $48.05.

Baird's Craig R. Kennison said he expects Harley-Davidson sales to be down about 23 percent this year.

"The government 'stimulus' package contains pork for Harley buyers — which may drive fence-sitters to buy," Kennison wrote in a note to investors. "Meanwhile, our near-term stock outlook hinges on the TALF program — which may become active in March."

According to a recent Baird survey of 72 U.S. dealers, demand for Harley-Davidson motorcycles was down 10 percent to 15 percent in January and early February, but sales volumes for the period were still better than expected, partially as a result of a trade-in promotion, Kennison said.

Those numbers put the company on track to sell 58,000 to 60,000 in the first quarter, ahead of his estimate of 53,000 bikes, Kennison said.

But while average dealer inventories are down about 19 percent from the same time last year, they're still slightly higher than dealers had planned and fewer bikes are selling at or above the suggested retail price.

"We would be concerned if this trend persists, but note that Harley planned to ship aggressively in quarter one so that it has time to slow production in quarter two to restructure," Kennison said.

At the same time, the majority of surveyed dealers reported that credit conditions have gotten worse, as the company's financing arm continued to tighten its lending policies, he said.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.




Try paying off your American Express this month with a 27.99% Visa card . . . next month when the bill comes pay it with a 29.44% Mastercard . . . convince your wife, come on the UAW has done it so can you . . that she is ENTITLED to the things you are spending on and keep on going. See how soon you get out of debt.

Court
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Court
Posted on Tuesday, February 24, 2009 - 02:08 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

Good news . . . the money is starting to get in the hands of folks . . .

Our Governor Patterson just gave his staff a 46% raise and his wife's "Chief of Staff" got a big raise as well as a bonus.


quote:

WASHINGTON - President Obama yesterday took the wind out of plans to purchase a fleet of sophisticated new Marine One helicopters that could set taxpayers back more than $11 billion.

"The helicopter I have now seems perfectly adequate to me," Obama told a group of lawmakers and businessmen at a White House summit on "fiscal responsibility."

.
.
.

Obama's comments yesterday came in response to Sen. John McCain's appraisal of the sprawling waste in the federal government. "We all know about cost overruns" in Pentagon spending programs, McCain (R-Ariz.) told Obama. "Your helicopter is now going to cost as much as Air Force One."

Obama revealed he has instructed Secretary of Defense Robert Gates to look into the matter of the exploding helicopter overruns. Dismissing the need for a new helicopter came on the heels of a daylong summit on the economic crisis.




quote:

ALBANY - At a time when state workers are being asked to forgo any pay hikes, the chief of staff to Gov. Paterson's wife was given a $25,000 raise in December - plus a $3,866 bonus - even though she began working for the state only last July, The Post has learned.

The whopping 28.4 percent raise - granted while Paterson was asking 130,000 public employees to give up 3 percent pay hikes because of the state's fiscal crisis - went to Michele Clarke-Ceres, who was hired on July 10 as an $88,000-a-year "special assistant," records show.

Five months later, her salary was raised to $113,000 a year, retroactively effective to Oct. 2, giving her the windfall $3,866 bonus.




Ever get the feeling they forget who's money it is? . . . . Well, on behalf of the folks of NY I'd like to thank the rest of you for the ballet and teaching our scientists how to speak to the press.


quote:

Last updated: 9:23 am
February 24, 2009
Posted: 2:22 am
February 24, 2009

A $410 billion spending bill unveiled yesterday will fund the US government for the rest of the fiscal year - and kick in $2.2 million for the Center for Grape Genetics in upstate New York.

The measure comes just days after the $787 billion economic-stimulus package was signed; it'll be voted on by the House later this week.

But it's not all nuts and bolts - there's plenty of pork, like the millions for the grape center in Geneva, NY, thanks to Sen. Chuck Schumer, and Reps. Maurice Hinchey and Michael Arcuri.

Other New York earmarks include: $143,000 for Manhattan's American Ballet Theatre "for educational activities"; $214,000 for Stony Brook University "to teach scientists how to effectively communicate with the public and the press"; and $950,000 for a Poughkeepsie pedestrian bridge.

The measure also includes $500,000 for a Senate "pilot program" to defray the cost of mass-mail postcards notifying constituents of town-hall meetings.


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Rfischer
Posted on Tuesday, February 24, 2009 - 02:53 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

Democracy at its finest. 'Nother 'couple years we'll be able to show our appreciation at the polls.

Tho' if you have the misfortune to live outside the metro NYC area, your vote means squat. There's one or two of us that would cheerfully saw off the area south of the Tappen Zee bridge to float out to sea.
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Oldog
Posted on Tuesday, February 24, 2009 - 03:06 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

Destroy the currency
Disarm the populace
Tax the public into poverty
Lower the standards and dilute the education system.
convince the people that they serve the government


These actions tell the story dont they

another Blago .....
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Limitedx1
Posted on Tuesday, February 24, 2009 - 03:22 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

one hand grenade and everything would be better! or should i say the house would be new!!!

its time to renew. there are people in there having heart attacks and strokes and still working!
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Court
Posted on Tuesday, February 24, 2009 - 04:14 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

>>>misfortune to live outside the metro NYC area

It looks like Albany would be a good place to start sawing . . . this "Little Stevie Patterson" lacks his Father's brights. . . that's for certain.
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Danger_dave
Posted on Tuesday, February 24, 2009 - 04:41 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

So it turns out not to be much of a giggle huh.
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Oldog
Posted on Tuesday, February 24, 2009 - 04:43 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

Interesting reading

http://www.law.cornell.edu/anncon/index.html
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Oldog
Posted on Tuesday, February 24, 2009 - 05:26 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

So it turns out not to be much of a giggle huh.

Depends,

The change bumper sticker is funny to me.


The NY politicos NO I would be furious
I have no doubt that NC ( North Carolina ) has some crap yet to be unearthed going on.

what happens in NZ when something like this happens?
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Danger_dave
Posted on Tuesday, February 24, 2009 - 05:44 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

Yeah - quite right Oldog - the sticker is witty - the ensuing conversation all gets a bit serious was what I meant.

>>what happens in NZ when something like this happens?<<

Don't know sorry - what ESPN or SKY Sports channel would it likely be on?
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Wolfridgerider
Posted on Tuesday, February 24, 2009 - 07:54 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

Politicians in Daves neck of the woods...
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Panhead_dan
Posted on Tuesday, February 24, 2009 - 08:16 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

I've been watching a lot of vid clips since getting high speed internet recently.

THAT WAS THE FUNNIEST ONE YET!!!
roflmao!

Please don't tell me it was a skit. It was real Right? Like on the news. Right?
gotta watch it again...
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Danger_dave
Posted on Tuesday, February 24, 2009 - 09:14 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

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Androidgobotron
Posted on Tuesday, February 24, 2009 - 10:56 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

I saw the same sticker on her truck...




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Fung
Posted on Wednesday, February 25, 2009 - 08:51 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

what? is someone implying that we are not going to have those things? Come on!
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2008xb12scg
Posted on Wednesday, February 25, 2009 - 09:02 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

Old_dog, thanks for the link. It's funny that I know a few parts very well, but so many I know nothing about. But whats scarry is that most people know nothing about the constitution or its real purpose.
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Mr_grumpy
Posted on Wednesday, February 25, 2009 - 09:38 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

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Babired
Posted on Wednesday, February 25, 2009 - 10:12 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

From the CDC in Washington DC

The Center for Disease Control has issued a medical alert about a highly contagious, potentially dangerous virus that is transmitted orally, by hand, and even electronically.
This virus is called Weekly Overload Recreational Killer (WORK).
If you receive WORK from your boss, any of your colleagues or anyone else via any means whatsoever - DO NOT TOUCH IT!!! This virus will wipe out your private life entirely. If you should come into contact with WORK you should immediately leave the premises.

Take two good friends to the nearest liquor store and purchase one or both of the antidotes - Work Isolating Neutralizer Extract (WINE) and Bothersome Employer Elimination Rebooter (BEER). Take the antidote repeatedly until WORK has been completely eliminated from your system.

You should immediately forward this medical alert to five friends. If you do not have five friends, you have already been infected and WORK is controlling your life.
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Babired
Posted on Wednesday, February 25, 2009 - 10:14 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

here is something more On-topic...


The Horse That Died


When Chuck was a young cowboy in Montana he bought a horse from a farmer for $100. The farmer agreed to deliver the horse the next day.

The next day the farmer drove up and said, "Sorry son, but I have some bad news... the horse died."

Chuck replied, "Well, then just give me my money back."

The farmer said, "Can't do that. I went and spent it already."

Chuck said, "OK, then, just bring me the dead horse."

The farmer asked, "What ya gonna do with him?"

Chuck said, "I'm going to raffle him off."

The farmer said, "You can't raffle off a dead horse!"

Chuck said, "Sure I can, watch me. I just won't tell anybody he's dead."

A month later, the farmer met up with Chuck and asked, "What happened with that dead horse?"

Chuck said, "I raffled him off. I sold 500 tickets at two dollars a piece and made a profit of $998."

The farmer said, "Didn't anyone complain?"

Chuck said, "Just the guy who won. So I gave him his two dollars back."



Chuck grew up and now works for the government. He's the one who figured out how this

"bail-out" is going to work.
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P_squared
Posted on Wednesday, February 25, 2009 - 12:04 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only)

This 1 had me spitting coffee out of my nose.


bailout
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