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Post by elle on Feb 7, 2012 16:14:38 GMT -5
also have gis calls, but moved 1/2 out to march, I'm sure that's why they're just sitting in the mud. cheapskates! oh, well, it will come around to bite them, once I get out, I'm leaving that stock behind and my guess is I'm not alone.
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Post by walnut on Feb 7, 2012 16:17:29 GMT -5
wow thats an ugly chart.
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Post by elle on Feb 7, 2012 16:20:17 GMT -5
gis seems to only like to go one direction for a long time, but overall it doesn't fall apart. my guess, once options expire, they make a battleship turn.
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Post by jack on Feb 7, 2012 16:24:14 GMT -5
judging by the last candle, I don't think the market approves Last candles don't count!!!
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Post by jack on Feb 7, 2012 16:31:53 GMT -5
Behold! THIS is what we grown men & women have been reduced to: gawking at an ugly chart! Says something.....
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Post by elle on Feb 7, 2012 16:40:18 GMT -5
$$ flos 2 neg, 2 pos
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Post by herceg1967 on Feb 7, 2012 18:21:55 GMT -5
This will not help overtime..............
U.S. Consumer Credit Climbed by $19B in Dec. Q By Meera Louis - Feb 7, 2012 3:26 PM ET
inShare 9More Print Email Enlarge image College graduation in New York. Photographer: Daniel Acker/Bloomberg Play Video Feb. 7 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke speaks about the U.S. economy, labor market and tax policy.¶ Bernanke, testifying before the Senate Budget Committee in Washington, said the job market is still far from healthy after signs of economic improvement over the past year. (Excerpts. Source: Bloomberg) Enlarge image 2012 Dodge Ram pickup trucks at Sam Leman Chrysler, Dodge, Jeep in Peoria, Illinois on Jan. 27, 2012. Photographer: Daniel Acker/Bloomberg Consumer borrowing in the U.S. rose more than forecast in December, driven by demand for auto and student loans. Credit increased by $19.3 billion to $2.5 trillion, Federal Reserve figures showed today in Washington. The gain topped the $7 billion median forecast of economists surveyed by Bloomberg News and followed a $20.4 billion advance the prior month. Consumers “are willing to take on this debt because there is some increasing degree of confidence in the economy,” said Ken Mayland, president of ClearView Economics LLC in Pepper Pike, Ohio, who projected credit would climb by $15 billion, the highest in the Bloomberg survey. “Consumers over the past several years have done a pretty good job of repairing their balance sheets.” An improving job market may be giving households the courage to take on more debt in order to sustain spending, which accounts for about 70 percent of the economy. At the same time, increasing dependence on credit may be an indication the gains in employment have yet to push wages high enough to single- handedly give consumers the means to keep shopping. The median forecast was based on a survey of 37 economists. Estimates ranged from a decrease of $8 billion to an increase of $15 billion. The back-to-back increase at the end of 2011 was the biggest since October-November 2001. Auto, School Lending Non-revolving debt, including educational and auto loans increased by $16.6 billion in December, the biggest gain since November 2001, today’s report showed. The Fed’s report doesn’t track debt secured by real estate, such as home equity lines of credit. Industrywide sales of cars and light trucks totaled 12.8 million for all of 2011, a 10 percent increase from 2010, according to researcher Autodata Corp. Demand for credit may keep growing as demand keeps improving. Auto sales climbed to a 14.1 million annual rate last month, according to industry data. Excluding a surge in August 2009 that reflected the government’s “cash-for-clunkers” program, it was the strongest month since May 2008. General Motors Co. (GM) and Ford Motor Co. (F), the largest automakers by U.S. sales, forecast industrywide deliveries will rise to as much as 14 million in 2012, including medium- and heavy-duty trucks. Revolving debt, which includes credit cards, climbed by $2.76 billion, according to the Fed’s statistics. Credit Cards MasterCard Inc., the world’s second-biggest payments network, last week said fourth-quarter profit climbed 24 percent as spending with credit and debit cards increased. Debit-card purchases increased 18 percent from the same time a year earlier, while those on credit cards rose 6.6 percent. Shares of the Purchase, New York-based company surged 66 percent in 2011, the fourth-best performer in the Standard & Poor’s 500 Index. Employers added 243,000 workers to payrolls in January, exceeding all forecasts of economist surveyed by Bloomberg, and the jobless rate unexpectedly dropped to a three-year low of 8.3 percent, figures from the Labor Department showed last week. A report from the Labor Department today showed there were almost four unemployed Americans vying for each job vacancy in December, more than twice the number before the recession began in December 2007. That may explain why wages have yet to pick up, prompting households to borrow. Hourly earnings were up 1.9 percent in January from the same month in 2011 on average, the smallest year-over-year gain since April, the Labor Department reported last week. For production workers, the 1.5 percent increase was the smallest in records going back to 1965. To contact the reporter on this story: Meera Louis in Washington at mlouis1@bloomberg.net
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Post by rex on Feb 7, 2012 19:03:10 GMT -5
This is why the restaurants are full on Friday & Saturday nights people!!! Consumers refuse to live within their means. If they can't afford to go out to dinner, why they'll just put it on the creditcard. They convince themselves..."after all, we deserve it, and things will get better"!!! Just put it on the CC!
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Post by Rich on Feb 7, 2012 19:22:54 GMT -5
from what I understand, it is becoming easier to obtain loans. Things seem to be loosening up a bit. This is a good thing.
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Post by ccash04 on Feb 7, 2012 19:23:15 GMT -5
In for an AH SPY short, thinking we finally gap down and stay down, as the Euro move seems like an exhaustion move today.
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Post by dino on Feb 7, 2012 19:34:46 GMT -5
In for an AH SPY short, thinking we finally gap down and stay down, as the Euro move seems like an exhaustion move today. I'll believe that when I see it ccash...
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Post by jack on Feb 7, 2012 19:48:07 GMT -5
In for an AH SPY short, thinking we finally gap down and stay down, as the Euro move seems like an exhaustion move today. ITMS bubba believes Markets being propped up by the PPT. They can do this indefinately until volume comes back in but the 52-wk high on the SPY is 137.15-137.20 so if you are too early ccash your decision may be vindicated in a few more days....and take this for what its worth pls. But check out Hammondkey's vid below too.... GL
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Post by rex on Feb 7, 2012 19:49:34 GMT -5
from what I understand, it is becoming easier to obtain loans. Things seem to be loosening up a bit. This is a good thing. Loans to consumers need to be stopped...ie credit cards. If credits cards are going out the door of the banks these days, we'll be in a new bubble next year....the credit card bubble. Just like the housing bubble. Consumers will take all the irresponsibilty they can get and blow it. I'm sorry you guys, consumers do not need more credit. They need to be forced to live within their means, period.
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Post by Rich on Feb 7, 2012 19:52:25 GMT -5
bwaaaah!
I knew I could get you to comment Rex!
good words, bro.
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Post by jack on Feb 7, 2012 20:52:45 GMT -5
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Post by rex on Feb 7, 2012 20:56:44 GMT -5
bwaaaah! I knew I could get you to comment Rex! good words, bro. Ya, you got my number on that one! I'm real burnt out on consumers right now. I think we have A LOT of stoopid Fukin people running around thinking that whatever they did wrong is not their fault. And, it's only getting worse. Hey, I see it all around me. I see people going into Walmart who can't even afford(apparently) to fix their damned teeth, buying porterhouse steaks(putting them on their Citibank CC), while I'm buying chicken(with my bank debit card. Go figure. LOL getting me to respond to that, as that's the knid of stuff that reallly gets me going.
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Post by jack on Feb 7, 2012 21:06:06 GMT -5
One of the most underrated money-making professions: Dentistry
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Post by Clinton SPX on Feb 7, 2012 21:08:45 GMT -5
In for an AH SPY short, thinking we finally gap down and stay down, as the Euro move seems like an exhaustion move today. Hmmm I think we gap up
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Post by brosin on Feb 8, 2012 1:13:19 GMT -5
Lots of great info here today - thanks everyone! Haven't been able to check in nearly as much as I'd like over the last couple days
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Post by Clinton SPX on Feb 8, 2012 7:49:37 GMT -5
Shanghai closed +2.4% hope I can dump this Chinese coal I got LLEN
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Post by Clinton SPX on Feb 8, 2012 8:15:36 GMT -5
Bloom says every share of groupon stock that can be shorted is shorted. LOL
they better pray they dont beat earnings
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