Posted on: March 25, 2008 2:58 pm
What's with the stock market these days? Today we get news of January home prices dropping over 11%, a 20 year low I think they said, and consumer confidence came in at a record low of 64, and what happens? We go up!!!!! I guess as everyone is saying, we have finally hit the bottom of the housing crises and now is the time to buy, I'm not buying it, in fact, I see a crash coming in April, maybe mid month, sorry but that's how I see it. The fed gave Bear Stearns to JP Morgan Chase and they are doing everything under the sun to keep things going, but I say they will run out of ammo and we drop hard, so when you get that rebate check in the mail, or it gets deposited to your bank in May, hang on to it, you just may need it for something a little more important than a big screen tv.
Posted on: March 9, 2008 6:34 pm
From the song "Nobody's Hero" by Rush
I didn't know the girl, but I knew her family
WOW, that song makes me think of how screwed up we all are, about what we think is important, this girl didn't play on the Tar Heels basketball team, but she was every bit the person and student that Tyler Hansbrough is but with none of the notoriety. Am I knocking Tyler for being a basketball player? No, far from it, I'm just saying there are some serious problems with putting athletes above everything else, and we do it all the time.
Posted on: February 5, 2008 6:42 pm
Jim Cramer is as bad at calling the stock market as the Heat are at basketball. I hate the guy as much as I hate the Dook Blue Devils.
Cramer said buy the market last Fall when we were near the top, he then blamed the fed for not cutting rates, as the reason we slipped and he was wrong, costing people money. He then said 3 weeks ago that the bottom was in and we should buy, we kept going lower and lower, till he finally got a bounce mostly caused by the fed cutting rates 1.25 in 10 days. But after the last 2 days of huge selling he now says he sees the rhythm of the market haha, about time Jim. Also a week ago he said you gotta buy Retail, Banks and Homebuilders, well he had a week of gains and then they sold off so much that everyone that listened to him probably lost their you know what. No one, I mean no one,should be buying home builders at all for Gods sake, it's a housing crunch like we have never seen in this country. But he fixed that on todays show by changing the three things you need to be in to Retail Banks and Brokers, see how he forgot about home builders as he finally figured out that the housing problem isn't even close to being played out. He also has the show edited to air only the people that ask him about the stocks that he has gotten right other than the lightning round, where people more or less say booyah just to get on tv.
Bottom line on this guy: do whatever he says not to do, and dont do anything he says to do, and you should be ok, unlike Dook who are about to get their head handed to them tomorrow night, so long as Lawson is healthy.
Posted on: January 30, 2008 5:14 pm
Well the fed has cut rates 1.25 points in a little over a week and the market is still trying to sell off, that may have a little to do with 4Q GDP coming in at 0.6. The gov is going with a stimulus package, and will probably get those checks out to you sometime in the middle of the economic turnaround, making it a bit late, but we all know everyone needs more money to spend at Wal-Mart, ugh I hate that place. Mean while the Mets dont mind if we slip into a recession, they can afford Santana and dont mind mortgaging their future to do so, speaking of mortgages, I think the sub prime mess is yet to show us it's real fall out, and the market should give us all great buying opportunities sometime this Summer, so good luck, and when baseball starts look for the Angels to win 100 games this year easy.
Posted on: January 16, 2008 3:05 pm
Edited on: January 16, 2008 8:35 pm
Ok, I have heard a lot of answers or suggestions, as to why the prices for popcorn and other snacks at the movies are outrageous. I read, what I think is the best answer, in an old economics textbook by David Friedman and here it goes, and yes this is my summation: The theater's need to keep the ticket prices low enough to get the poorest of society in the seats along with the rest of the world to maximize profits, and since the affluent, who would have paid more for the tickets, but didnt have to, will have plenty of money left over for high priced popcorn, and we all know the rich wont try to smuggle in pop and snacks. So therefore the theaters get as much as they can from the poor among us and the most that they can from the rich.
Feel free to add comments as to how this may say something about the price of a hot dog at the games.