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Global Economy Bursting?

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Workbox said:
It may open low, but it will depend on what kind of news there might be over the Labor Day weekend. We should have gone down Friday at least 500 point due to the jobs numbers, but were only half. It was held for a reason. Just trends that you begin to notice. But I could be wrong, it is all about anticipation based on ones experience and trading skills.

But thank you for the update. I will start small with a trailing stop and see where we go from there. :)

Dividend investors: Fatter payday on way


http://www.marketwatch.com/story/dividend-investors-fatter-payday-on-way-2011-09-02
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Typically, it is way more likely to have bad news occur in non trading hours. Good news may create a blip but bad news can really make a run down.

My internals indicate short for Tuesday regardless of news.
 
DTB said:
Typically, it is way more likely to have bad news occur in non trading hours. Good news may create a blip but bad news can really make a run down.

My internals indicate short for Tuesday regardless of news.
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Actually I think that is good news because that means that they are still taking profits from this low volume rally that we had and the selling volume has subsided. As I mentioned before, this market is news driven and any good or bad news will direct the market. If we get any substantial good news those that shorted or still shorting for profit taking, may reverse after taking profits and go long. Any bad news, I think things will get worse. I usually start off with 25 shares with a trailing stop and just wait.

But we have technical indicators that indicate profit taking and inticipate a rally, but we also know that it can go negative. I took my profits and just sitting on the fence and will be watching the 15 minute charts for indications of which way this market will go.

But thank you for the info. Yet you have a different practice than I do and your info is good to know and is very helpful in analyzing the anticipated trend on what I do for technicals and I do understand and will heed your warning. Thank you DBT. :beer:
 
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In March, the Costa Mesa City Council voted 4-1 to issue the layoff notices, citing a projected $15 million deficit in the city's $114 million budget for the 2011-12 fiscal year. Last week, a state appeals court blocked the city's request to lift a court order barring it from outsourcing employee work, signaling what could be a months-long legal battle between political leaders and organized labor.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/02/MNRD1KUVU5.DTL#ixzz1X1qymj3D​
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The choice is to pay for what we use, raise taxes and drive the economy totally in the drink which will force even bigger layoffs later...or get our children's children deeper in debt and force them to live in abject poverty.

Orange county learned nothing apparently from the derivatives debacle of last decade.
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Terrel L. Shields said:
The choice is to pay for what we use, raise taxes and drive the economy totally in the drink which will force even bigger layoffs later...or get our children's children deeper in debt and force them to live in abject poverty.

Orange county learned nothing apparently from the derivatives debacle of last decade.
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Terrel, I am sure you know who I am, and I and others have sacraficed for the benifit of our profession. I and as others have suffered because of what we have done as appraisers to sound the alarm. I have learn a lot from you and others. I have come to a conclusion. We are "F"..ed. I know whom I can blame and who wears the Scarlet letters of our profession.

I have and am going through some tests in my life and recently they have tested my attribute as a man. I am not academicly superior, but am not a dumbass either.

We are heading to a challenging time in our life and we have to be ready. I anticipate to take advantage of it. I almost did in 2008/09 and reversed my decision and it cost me dearly. I have a second chance now, because the same thing is going to happen, but this time we are not going to recover, it will be flat once we hit either 650 or lower on the S&P.

I have 3 beutiful girls and doing what I can to make sure they are secured in the long run. They will pay for it, but it is up to us to make sure they know how to pick up the pieces. I have spoken to many old timers from the depression.........Forget computers and FaceCrook, show our kids and grand-kids how to use a screw driver and a gun. :new_snipersmilie:

Cheers.
 
Postal Service Is Nearing Default as Losses Mount

http://www.nytimes.com/2011/09/05/b...elevant.html?_r=1&nl=todaysheadlines&emc=tha2


20110905_POSTAL_graphic-popup-v2.jpg


The post office’s problems stem from one hard reality: it is being squeezed on both revenue and costs.

Labor represents 80% of the agency’s expenses.
 
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