Round #2 has started !!!! - DFWstangs Forums
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 68 (permalink) Old 05-06-2010, 12:48 PM Thread Starter
T5-T56-Tremec specialist
 
thesource's Avatar
 
Join Date: Nov 2004
Location: Heading back to Plentywood
Posts: 8,389
Round #2 has started !!!!

DOW down 700 points !!!!
thesource is offline  
Sponsored Links
Advertisement
 
post #2 of 68 (permalink) Old 05-06-2010, 12:48 PM
DFWMUSTANGS.NET
 
Join Date: Jun 2007
Posts: 3,635
-983 points right now.
sc281_99-0135 is offline  
post #3 of 68 (permalink) Old 05-06-2010, 12:52 PM
Packin' up...
 
Skidmark's Avatar
 
Join Date: Jul 2003
Posts: 18,736
What happened today? The only thing I can think of is the healthcare BS and companies dropping employee plans...
Skidmark is offline  
 
post #4 of 68 (permalink) Old 05-06-2010, 12:54 PM
DFWMUSTANGS.NET
 
Join Date: Jun 2007
Posts: 3,635
Greeces riots.
sc281_99-0135 is offline  
post #5 of 68 (permalink) Old 05-06-2010, 12:55 PM
Time Served
 
Join Date: Nov 2002
Location: Wichita Falls
Posts: 298
back up to 10350
one slow 5.0 is offline  
post #6 of 68 (permalink) Old 05-06-2010, 12:56 PM
JKD
Gracie Jiu Jitsu Addict
 
JKD's Avatar
 
Join Date: Jun 2002
Location: The weapon is only as good as the person wielding it.
Posts: 16,273
Quote:
Originally Posted by Skidmark View Post
What happened today? The only thing I can think of is the healthcare BS and companies dropping employee plans...
Greece stockmarket tanked after their own bailout. It's a kneejerk reaction since there is speculation about the same possibly happening in Spain and Portugal. They are rioting right now in Greece. It's back to -426 and slowly recovering.

Shrimp'n ain't easy....
JKD is offline  
post #7 of 68 (permalink) Old 05-06-2010, 12:59 PM
Lifer
 
Join Date: Nov 2001
Location: Ellis County
Posts: 18,370
Haha! Obamanomics is at it again!

CHL holder and Conservative...AKA "Domestic Terrorist"
Vertnut is offline  
post #8 of 68 (permalink) Old 05-06-2010, 01:01 PM
Lifer
 
mstng86's Avatar
 
Join Date: May 2009
Location: Forney, TX
Posts: 7,612
Quote:
Originally Posted by Vertnut View Post
Haha! Obamanomics is at it again!
I am not saying I am a obama sympathizer or anything, but how does Greeces bailout tie into Obama?
mstng86 is offline  
post #9 of 68 (permalink) Old 05-06-2010, 01:03 PM
DFWMUSTANGS.NET
 
Join Date: Jun 2007
Posts: 3,635
Quote:
Originally Posted by mstng86 View Post
I am not saying I am a obama sympathizer or anything, but how does Greeces bailout tie into Obama?
Spending money to somehow pull you out of a recession.


But that's Americanominics...not just Obamanomics.
sc281_99-0135 is offline  
post #10 of 68 (permalink) Old 05-06-2010, 01:18 PM
Lifer
 
Join Date: Nov 2001
Location: Ellis County
Posts: 18,370
Quote:
Originally Posted by mstng86 View Post
I am not saying I am a obama sympathizer or anything, but how does Greeces bailout tie into Obama?
Barry is doing the same shit that Greece did. Spend, spend spend. You can NOT spend your way out of recession.

CHL holder and Conservative...AKA "Domestic Terrorist"
Vertnut is offline  
post #11 of 68 (permalink) Old 05-06-2010, 01:20 PM
Lifer
 
Join Date: Nov 2001
Location: Ellis County
Posts: 18,370
Quote:
Originally Posted by sc281_99-0135 View Post
Spending money to somehow pull you out of a recession.


But that's Americanominics...not just Obamanomics.
Actually, the "Americanomics" that have worked with recessions, is to cut taxes for businesses and individuals to promote spending and build confidence in the consumer...a la Ronnie Reagan.

CHL holder and Conservative...AKA "Domestic Terrorist"
Vertnut is offline  
post #12 of 68 (permalink) Old 05-06-2010, 01:23 PM
Packin' up...
 
Skidmark's Avatar
 
Join Date: Jul 2003
Posts: 18,736
Quote:
Originally Posted by JKD View Post
Greece stockmarket tanked after their own bailout. It's a kneejerk reaction since there is speculation about the same possibly happening in Spain and Portugal. They are rioting right now in Greece. It's back to -426 and slowly recovering.
Thank you for the good info!
Skidmark is offline  
post #13 of 68 (permalink) Old 05-06-2010, 01:26 PM
DFWMUSTANGS.NET
 
Join Date: Jun 2007
Posts: 3,635
Quote:
Originally Posted by Vertnut View Post
Actually, the "Americanomics" that have worked with recessions, is to cut taxes for businesses and individuals to promote spending and build confidence in the consumer...a la Ronnie Reagan.
Other than Reagan and Coolidge, no one has done that.

They are in the extreme minority.


Sadly, Americanomics is more along the lines of roosevelt and Obama.
sc281_99-0135 is offline  
post #14 of 68 (permalink) Old 05-06-2010, 01:29 PM Thread Starter
T5-T56-Tremec specialist
 
thesource's Avatar
 
Join Date: Nov 2004
Location: Heading back to Plentywood
Posts: 8,389
This is just a little peek at whats to come. We are seriously fucked and there is no way America can handle 6 more years of this shit. We'll be lucky to handle another 6 months.
thesource is offline  
post #15 of 68 (permalink) Old 05-06-2010, 01:38 PM
How you doin'
 
STANGGT40's Avatar
 
Join Date: Mar 2001
Location: 8 Rib > 6 Rib
Posts: 28,254
Accenture from 40 bucks to a cent from what nloomberg radio is saying.

also supposedly it's a glitch and someone put in a 16mm trade at 16 billion on accident.
STANGGT40 is offline  
post #16 of 68 (permalink) Old 05-06-2010, 01:40 PM
DFWMUSTANGS.NET
 
Join Date: Jun 2007
Posts: 3,635
Quote:
Originally Posted by STANGGT40 View Post
Accenture from 40 bucks to a cent from what nloomberg radio is saying.
it's only lost 2.66%


it's trading at 41.05 right now

CN‎ - Accenture Plc (NYSE)‎
Google Finance‎ Yahoo Finance‎ MSN Money‎ DailyFinance‎ CNN Money‎ Reuters‎
41.05 -1.12‎ (-2.66%‎) May 6 3:35pm ET

Open: 41.94
High: 42.30
Low: 0.01
Volume: 8,558,727
Avg Vol: 4,186,000
Mkt Cap: 29.14B

Disclaimer
sc281_99-0135 is offline  
post #17 of 68 (permalink) Old 05-06-2010, 01:47 PM
How you doin'
 
STANGGT40's Avatar
 
Join Date: Mar 2001
Location: 8 Rib > 6 Rib
Posts: 28,254
look at the low..mustve been a mistake. This could have been a mistake that caused a lemming effect.

Quote:
Originally Posted by sc281_99-0135 View Post
it's only lost 2.66%


it's trading at 41.05 right now

CN‎ - Accenture Plc (NYSE)‎
Google Finance‎ Yahoo Finance‎ MSN Money‎ DailyFinance‎ CNN Money‎ Reuters‎
41.05 -1.12‎ (-2.66%‎) May 6 3:35pm ET

Open: 41.94
High: 42.30
Low: 0.01
Volume: 8,558,727
Avg Vol: 4,186,000
Mkt Cap: 29.14B

Disclaimer
STANGGT40 is offline  
post #18 of 68 (permalink) Old 05-06-2010, 01:52 PM
Lifer
 
Join Date: Mar 2007
Posts: 1,089
Quote:
Originally Posted by thesource View Post
This is just a little peek at whats to come. We are seriously fucked and there is no way America can handle 6 more years of this shit. We'll be lucky to handle another 6 months.
we need a president who is willing to cut our empire in half, but would the american people ever vote for someone who was not going to give them anything?

cannonball996 is offline  
post #19 of 68 (permalink) Old 05-06-2010, 01:52 PM
DFWMUSTANGS.NET
 
Join Date: Jun 2007
Posts: 3,635
Quote:
Originally Posted by STANGGT40 View Post
look at the low..mustve been a mistake. This could have been a mistake that caused a lemming effect.
Didn't even notice the low......

If that is true, someone mad a fucking KILLING!!
sc281_99-0135 is offline  
post #20 of 68 (permalink) Old 05-06-2010, 01:58 PM
Lifer
 
Join Date: Mar 2007
Posts: 1,089
Quote:
Originally Posted by sc281_99-0135 View Post
Didn't even notice the low......

If that is true, someone mad a fucking KILLING!!
no doubt someone just cashed out and is about to board a plane to dubai

cannonball996 is offline  
post #21 of 68 (permalink) Old 05-06-2010, 01:59 PM Thread Starter
T5-T56-Tremec specialist
 
thesource's Avatar
 
Join Date: Nov 2004
Location: Heading back to Plentywood
Posts: 8,389
Quote:
Originally Posted by cannonball996 View Post
we need a president who is willing to cut our empire in half, but would the american people ever vote for someone who was not going to give them anything?
Hell no. They love the word FREE !!!!
thesource is offline  
post #22 of 68 (permalink) Old 05-06-2010, 02:03 PM
How you doin'
 
STANGGT40's Avatar
 
Join Date: Mar 2001
Location: 8 Rib > 6 Rib
Posts: 28,254
Quote:
Originally Posted by sc281_99-0135 View Post
Didn't even notice the low......

If that is true, someone mad a fucking KILLING!!
Word is that Citibank made a massive mistake (16 mil/16bil) and there were massive lemming trades as a result.

Last edited by STANGGT40; 05-06-2010 at 03:26 PM.
STANGGT40 is offline  
post #23 of 68 (permalink) Old 05-06-2010, 02:04 PM
DFWMUSTANGS.NET
 
Join Date: Jun 2007
Posts: 3,635
Yea, They are saying a huge mistaken trade on P&G was to blame.
sc281_99-0135 is offline  
post #24 of 68 (permalink) Old 05-06-2010, 02:09 PM
How you doin'
 
STANGGT40's Avatar
 
Join Date: Mar 2001
Location: 8 Rib > 6 Rib
Posts: 28,254
Quote:
Originally Posted by sc281_99-0135 View Post
Yea, They are saying a huge mistaken trade on P&G was to blame.
Yeah, p&g got cut in half for a short time.
STANGGT40 is offline  
post #25 of 68 (permalink) Old 05-06-2010, 02:20 PM
DFWMUSTANGS.NET
 
Join Date: Jun 2007
Posts: 3,635
Quote:
Originally Posted by STANGGT40 View Post
Yeah, p&g got cut in half for a short time.
I'd like to see who benefitted most off of the "one in a million" fluke.


Methinks there's something nefarious goin on....
sc281_99-0135 is offline  
post #26 of 68 (permalink) Old 05-06-2010, 02:29 PM Thread Starter
T5-T56-Tremec specialist
 
thesource's Avatar
 
Join Date: Nov 2004
Location: Heading back to Plentywood
Posts: 8,389
Its like yelling la migra at an immigration rally.
thesource is offline  
post #27 of 68 (permalink) Old 05-06-2010, 02:41 PM
Lifer
 
MR TINFOIL HAT's Avatar
 
Join Date: Jan 2002
Location: NAU
Posts: 4,982
Quote:
Originally Posted by thesource View Post
This is just a little peek at whats to come. We are seriously fucked and there is no way America can handle 6 more years of this shit. We'll be lucky to handle another 6 months.
I agree.

Our government needs our help, they have an addiction. Our government is addicted to our money. Since they always have our best interest at heart it's time we return the favor. We need to have an intervention, for the governments own good of course. It's just irresponsible for us to let people with a known money addiction continue to handle our money. Lets have an intervention now so we can help these sick individuals.
MR TINFOIL HAT is offline  
post #28 of 68 (permalink) Old 05-06-2010, 02:50 PM
Genetically Blessed
 
Join Date: Jul 2002
Location: An Investment Bank
Posts: 13,733
Quote:
Originally Posted by STANGGT40 View Post
look at the low..mustve been a mistake. This could have been a mistake that caused a lemming effect.
Word now is it was a basket trade; explains the across the board drop.
slow99 is offline  
post #29 of 68 (permalink) Old 05-06-2010, 03:24 PM
How you doin'
 
STANGGT40's Avatar
 
Join Date: Mar 2001
Location: 8 Rib > 6 Rib
Posts: 28,254
Quote:
Originally Posted by slow99 View Post
Word now is it was a basket trade; explains the across the board drop.
that definitely explains why so many had massive drops. did you short accenture right before the drop and buy it up when it was at .01? your other post about half the board doing that to p&g cracked me up.
STANGGT40 is offline  
post #30 of 68 (permalink) Old 05-06-2010, 04:00 PM
Worship me
 
AL P's Avatar
 
Join Date: Mar 2000
Posts: 34,345
I was laughing today when I saw this shit, I knew something wasn't right.

Jim Cramer called it live on the air at CNBC, is that the first thing he has ever got right? lol

Anyway, lots of good stocks just got better today. Let the buying begin.
AL P is offline  
post #31 of 68 (permalink) Old 05-06-2010, 04:55 PM
How you doin'
 
STANGGT40's Avatar
 
Join Date: Mar 2001
Location: 8 Rib > 6 Rib
Posts: 28,254
Quote:
Originally Posted by AL P View Post
I was laughing today when I saw this shit, I knew something wasn't right.

Jim Cramer called it live on the air at CNBC, is that the first thing he has ever got right? lol

Anyway, lots of good stocks just got better today. Let the buying begin.
the funny thing was listening to the "brilliant economists" that were calling into bloomberg's radio show saying "i told you so"...it was a day of credibility for them.
STANGGT40 is offline  
post #32 of 68 (permalink) Old 05-06-2010, 04:57 PM
Genetically Blessed
 
Join Date: Jul 2002
Location: An Investment Bank
Posts: 13,733
Quote:
Originally Posted by STANGGT40 View Post
the funny thing was listening to the "brilliant economists" that were calling into bloomberg's radio show saying "i told you so"...it was a day of credibility for them.
Should be interesting. Just found out that some exchanges are canceling all trades after 2:40 Eastern that were more than 50% away from 2:40 price.
slow99 is offline  
post #33 of 68 (permalink) Old 05-06-2010, 09:58 PM
Canada is welcome here.
 
justinsn95's Avatar
 
Join Date: Mar 2005
Location: ft worth
Posts: 4,039
Quote:
Originally Posted by JKD View Post
Greece stockmarket tanked after their own bailout. It's a kneejerk reaction since there is speculation about the same possibly happening in Spain and Portugal. They are rioting right now in Greece. It's back to -426 and slowly recovering.
Yeah I'm an ignorant noob, but at least I am trying to learn. So here's the question:

Why exactly are they rioting? Does this somehow mean a possible negative lifestyle change for them?

Quote:
Originally Posted by aksthem1 View Post
i think thedark1337 is a pretty cool guy. eh plays the game and doesnt afraid of anything


Quote:
Originally Posted by Chillaxed View Post
- later on when i was about 16 i suddenly came to the realization that i had zero appeal to women and i said "i'm going to say i'm gay from now on"
justinsn95 is offline  
post #34 of 68 (permalink) Old 05-06-2010, 10:38 PM
NEOCON EDUCATOR
 
bullet's Avatar
 
Join Date: May 2003
Location: CHICAGO S&P PIT
Posts: 1,789
Quote:
Originally Posted by Vertnut View Post
Actually, the "Americanomics" that have worked with recessions, is to cut taxes for businesses and individuals to promote spending and build confidence in the consumer...a la Ronnie Reagan.

And TRIPLE THE NATIONAL DEBT FROM 1 TRILLION TO 3 TRILLION like he did trying to spend our way out of a recession.



Republicans drove the car off the cliff and democrats had to do all of the work getting it back out of the ditch

Great spirits have always encountered violent opposition from mediocre minds at dfwstangs.net

MONEY NEVER SLEEPS

Quote:
Originally Posted by slow99 View Post
When you pull in 20 million percent a year like BULLET, you have your share of 5 and 6 figure days!

GENUFLECT TO THE BULLET




FACTS ARE LIKE ACID TO THE SKIN OF REPUBLICONS
bullet is offline  
post #35 of 68 (permalink) Old 05-07-2010, 12:20 AM
Genetically Blessed
 
Join Date: Jul 2002
Location: An Investment Bank
Posts: 13,733
Quote:
Originally Posted by justinsn95 View Post
Yeah I'm an ignorant noob, but at least I am trying to learn. So here's the question:

Why exactly are they rioting? Does this somehow mean a possible negative lifestyle change for them?
Yes, they're rioting because Greece will now have forced austerity since they might have the IMF as a creditor. The European Central Bank might monetize the situation. Either way, Europe is either headed to a QIII or QIV economic scenario.

Last edited by slow99; 05-07-2010 at 01:20 AM.
slow99 is offline  
post #36 of 68 (permalink) Old 05-07-2010, 04:31 AM
Lifer
 
JFurst's Avatar
 
Join Date: Jul 2009
Location: HEB
Posts: 2,246
Quote:
Originally Posted by slow99 View Post
Yes, they're rioting because Greece will now have forced austerity since they might have the IMF as a creditor. The European Central Bank might monetize the situation. Either way, Europe is either headed to a QIII or QIV economic scenario.
info on those scenarios?

JFurst is offline  
post #37 of 68 (permalink) Old 05-07-2010, 04:45 AM
Lifer
 
Join Date: Nov 2001
Location: Ellis County
Posts: 18,370
Quote:
Originally Posted by bullet View Post
And TRIPLE THE NATIONAL DEBT FROM 1 TRILLION TO 3 TRILLION like he did trying to spend our way out of a recession.


And now your brother Barry has tripled it again in a year, with nothing to show for it. Hmmm...

CHL holder and Conservative...AKA "Domestic Terrorist"
Vertnut is offline  
post #38 of 68 (permalink) Old 05-07-2010, 04:59 AM
Canada is welcome here.
 
justinsn95's Avatar
 
Join Date: Mar 2005
Location: ft worth
Posts: 4,039
Quote:
Originally Posted by slow99 View Post
Yes, they're rioting because Greece will now have forced austerity since they might have the IMF as a creditor. The European Central Bank might monetize the situation. Either way, Europe is either headed to a QIII or QIV economic scenario.
Still over my head. As I said, I'm a noob to all this. I have no idea what a qiii or a qiv economic scenario is.

Quote:
Originally Posted by aksthem1 View Post
i think thedark1337 is a pretty cool guy. eh plays the game and doesnt afraid of anything


Quote:
Originally Posted by Chillaxed View Post
- later on when i was about 16 i suddenly came to the realization that i had zero appeal to women and i said "i'm going to say i'm gay from now on"
justinsn95 is offline  
post #39 of 68 (permalink) Old 05-07-2010, 04:59 AM
Worship me
 
AL P's Avatar
 
Join Date: Mar 2000
Posts: 34,345
Quote:
Originally Posted by Vertnut View Post
And now your brother Barry has tripled it again in a year, with nothing to show for it. Hmmm...
Not even a cold war win?
AL P is offline  
post #40 of 68 (permalink) Old 05-07-2010, 06:01 AM
Lifer
 
Join Date: Nov 2001
Location: Ellis County
Posts: 18,370
Quote:
Originally Posted by AL P View Post
Not even a cold war win?
Exactly my point. USSR? Gone. East Germany? Gone. And I never had my freedom's infringed upon.

CHL holder and Conservative...AKA "Domestic Terrorist"
Vertnut is offline  
post #41 of 68 (permalink) Old 05-07-2010, 07:12 AM
DFWMUSTANGS.NET
 
Join Date: Jun 2007
Posts: 3,635
Quote:
Originally Posted by justinsn95 View Post
Still over my head. As I said, I'm a noob to all this. I have no idea what a qiii or a qiv economic scenario is.
3rd quarter and 4th quarter.
sc281_99-0135 is offline  
post #42 of 68 (permalink) Old 05-07-2010, 08:34 AM Thread Starter
T5-T56-Tremec specialist
 
thesource's Avatar
 
Join Date: Nov 2004
Location: Heading back to Plentywood
Posts: 8,389
Down 243 so far today.
thesource is offline  
post #43 of 68 (permalink) Old 05-07-2010, 09:29 AM
Married Man on 14Feb2010
 
TexasDevilDog's Avatar
 
Join Date: Jun 2001
Location: Fort Worth, Texas (North Side)
Posts: 14,140
TexasDevilDog is offline  
post #44 of 68 (permalink) Old 05-07-2010, 10:39 AM
NEOCON EDUCATOR
 
bullet's Avatar
 
Join Date: May 2003
Location: CHICAGO S&P PIT
Posts: 1,789
Quote:
Originally Posted by Vertnut View Post
And now your brother Barry has tripled it again in a year, with nothing to show for it. Hmmm...

Show me some facts that barry trippled the 10 trillion dollar debt in a year instead of making shit up.


10 to 13 trillion is a triple in your world ?



Republicans drove the car off the cliff and democrats had to do all of the work getting it back out of the ditch

Great spirits have always encountered violent opposition from mediocre minds at dfwstangs.net

MONEY NEVER SLEEPS

Quote:
Originally Posted by slow99 View Post
When you pull in 20 million percent a year like BULLET, you have your share of 5 and 6 figure days!

GENUFLECT TO THE BULLET




FACTS ARE LIKE ACID TO THE SKIN OF REPUBLICONS
bullet is offline  
post #45 of 68 (permalink) Old 05-07-2010, 10:40 AM
NEOCON EDUCATOR
 
bullet's Avatar
 
Join Date: May 2003
Location: CHICAGO S&P PIT
Posts: 1,789
s&p downside 1050


upside is 1270


place your bets

Republicans drove the car off the cliff and democrats had to do all of the work getting it back out of the ditch

Great spirits have always encountered violent opposition from mediocre minds at dfwstangs.net

MONEY NEVER SLEEPS

Quote:
Originally Posted by slow99 View Post
When you pull in 20 million percent a year like BULLET, you have your share of 5 and 6 figure days!

GENUFLECT TO THE BULLET




FACTS ARE LIKE ACID TO THE SKIN OF REPUBLICONS
bullet is offline  
post #46 of 68 (permalink) Old 05-07-2010, 10:51 AM
JKD
Gracie Jiu Jitsu Addict
 
JKD's Avatar
 
Join Date: Jun 2002
Location: The weapon is only as good as the person wielding it.
Posts: 16,273
Quote:
Originally Posted by justinsn95 View Post
Still over my head. As I said, I'm a noob to all this. I have no idea what a qiii or a qiv economic scenario is.
Don't mind him, he's a bitter hater who will spout off on the internet but never have the nerve to say anything in person. The typical DFWS online personality really.


Back on topic, just start reading bro. Admittingly, I don't have a full grasp on the situation but it's easy to find information and just start reading if you care enough to look for it. If you post on the subject, just be sure to have your facts in order because there is always someone here who wants to argue just to argue.

Shrimp'n ain't easy....
JKD is offline  
post #47 of 68 (permalink) Old 05-07-2010, 11:11 AM
Lifer
 
Join Date: Nov 2001
Location: Ellis County
Posts: 18,370
Quote:
Originally Posted by bullet View Post
Show me some facts that barry trippled the 10 trillion dollar debt in a year instead of making shit up.


10 to 13 trillion is a triple in your world ?


I know you're confused...as usual when it comes to REAL numbers. Bush had a deficit that was a tad under $500 billion in '08. Barry had a $1.4 trillion deficit after '09. The CBO (which is historically a low number) lists' these numbers, which you can easily find. But now, don't put out REAL effort, because you won't like what you find...

Barry's "smoke and mirror's" health care plan isn't even considered yet.

Along those lines, Barry's unemployment rate went up to 9.9 today...he's quite the failure.

CHL holder and Conservative...AKA "Domestic Terrorist"
Vertnut is offline  
post #48 of 68 (permalink) Old 05-07-2010, 11:22 AM
Genetically Blessed
 
Join Date: Jul 2002
Location: An Investment Bank
Posts: 13,733
Quote:
Originally Posted by JKD View Post
Don't mind him, he's a bitter hater who will spout off on the internet but never have the nerve to say anything in person. The typical DFWS online personality really.


Back on topic, just start reading bro. Admittingly, I don't have a full grasp on the situation but it's easy to find information and just start reading if you care enough to look for it. If you post on the subject, just be sure to have your facts in order because there is always someone here who wants to argue just to argue.
Lmfao, what are you babbling about? I answer the man's question and I'm a bitter hater spouting off on the internet? Jesus Christ...

Justinsn95, Greece is going to be forced to be responsible. Higher taxes, lower entitlements, etc. Whether it be by the IMF, or the European Central Bank, the situation is bad. Greece is the first developed nation in decades to have a problem like this. It happens all the time in 3rd world and less developed nations. That's why this is different. It's forcing the market to start examining sovereign (country) risk. The really bad thing is contagion (spreading) of the problem. Banks hold country bonds, when they start having trouble, banks quickly start getting closer to insolvency and then start engaging in forced, fire sale prices of assets, driving down price levels across a region.

Q3 and Q4 scenarios are quadrant 3 and quadrant 4 scenarios. Think of the economic state of things as an pair of axes with 4 quadrants. The x-axis is GDP growth (contraction) and the y-axis is inflation (deflation). Q3 and Q4 are both negative GDP scenarios with either inflation or deflation. Q3 and Q4 are both very bad spots.

The "PIIGS" acronym you keep hearing refers to Portugal, Ireland, Italy, Greece, Spain. All of these countries are in bad shape regarding their sovereign funding. Too much debt, trade deficits, fiscal deficits, low foreign reserves, etc.
slow99 is offline  
post #49 of 68 (permalink) Old 05-07-2010, 11:27 AM
Lifer
 
Ylw 98~~SNAKE~~'s Avatar
 
Join Date: Sep 2000
Location: DFW
Posts: 13,083
oops must have hit the wrong button....haha what a fucking joke. just follow cramers advice lmao he will make you rich!

98 Brokra
Ylw 98~~SNAKE~~ is offline  
post #50 of 68 (permalink) Old 05-07-2010, 11:37 AM
Genetically Blessed
 
Join Date: Jul 2002
Location: An Investment Bank
Posts: 13,733
Quote:
Originally Posted by JFurst View Post
info on those scenarios?
QIII = deflationary recession/depression
QIV = inflationary recession/depression
slow99 is offline  
Sponsored Links
Advertisement
 
Reply

Bookmarks

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the DFWstangs Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome