DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand?

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DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand?
ºDIETº Offer Upgrade User ID: 616539 United States 02/17/2009 07:51 AM Report Abusive Post Report Copyright Violation	DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? Yesterday I posted a thread that contained numerous sources citing problems in Europe. The skids are being greased for a fall guy that will in all likelihood be in Eastern Europe. Here are some more shots across the bow from that region. [link to www.bloomberg.com] [link to www.bloomberg.com] [link to www.bloomberg.com] As you can see the pain is beginning to become an agonizing one. An illness that has reached a point where treatment has no affect! I expect a currency collapse is imminent in Europe and we have entered the eleventh hour of this global crisis. From what I can tell we are a week out of some serious pressure downward on the markets. I see this happening by Tuesday February 24, 2009. That is one week from today. I strongly suggest that anyone who gives a dam about their own survival begin preparations this week for the worst imaginable scenario playing out in the short term. Honestly I pray that I am wrong about this but I have very good reason to believe this is all about to come to an unfavorable ending. I have very close friend of mine who is a tax accountant for a large firm. We were enjoying a bottle of wine this weekend and she shared with me the fact that the stimulus plan is nothing more than a rouse. She said that by the time her and her husband went through the bill to decipher tax implications they had a very sick feeling in the pit of their stomachs. What they saw was how little affect this will have towards the problem at hand. For a bill that was so large to cause the new ink to run out of her printer there was little ammunition for the problem at hand. Today’s end of the day forecasted range is 7550 to 7650

Anonymous Coward User ID: 616536 United States 02/17/2009 07:52 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand?
Avian User ID: 265661 United States 02/17/2009 07:53 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? gold crosses 965...up huge on the polish and eastern europe news death knell "When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it." - Frédéric Bastiat food, water, ammo, weapons, battery back up solar, hand well pump, wood stove and 1 year of food...oh yeah PM's too...good luck
jojo User ID: 616540 Switzerland 02/17/2009 07:55 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? gold currently at $963/ounce futures for the us look dismal. dow currently -135.00 it will be an interesting day to say the least. hold on.
Anonymous Coward User ID: 69144 United States 02/17/2009 07:55 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? I'm sure the talk of the "Stimulus Plan" from the white house will rally the markets. Then when the markets start tanking, obama will release some news about some other program he is about to release. And then the markets will rally on this crap. Keep happening over and over and over.
ºDIETº (OP) User ID: 616539 United States 02/17/2009 07:56 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? gold crosses 965...up huge on the polish and eastern europe news death knell Quoting: Avian Avian the 1,000 USD an ounce barrier is an important psychological one. Crossing that barrier is a public vote of no confidence in the existing currency systems.
Anonymous Coward User ID: 594298 United Kingdom 02/17/2009 07:57 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? He has got a protectionist clause in the Stimulus Bill. That's the big news.
Anonymous Coward User ID: 594298 United Kingdom 02/17/2009 07:58 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? It means less trade. Lots of American businessmen do trade with China now. They won't be happy with the protectionist clause. China will retaliate.
Anonymous Coward User ID: 399487 United States 02/17/2009 08:00 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? He has got a protectionist clause in the Stimulus Bill. That's the big news. Quoting: Anonymous Coward 594298 China was saber rattling at this clause at the G7 summit. Let's face it if China's boom goes bust they are primed for a revolution.
Anonymous Coward User ID: 614087 Ireland 02/17/2009 08:02 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? and so what is being stated? will the DOW drop today in spite of the stimulus bill? that does not make sense.
Chawlee User ID: 536258 Switzerland 02/17/2009 08:03 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? Naw, soon as Barky signs our Death Certificate today, in his New Office, they'll make the markets seem to rise...

Anonymous Coward User ID: 616543 United States 02/17/2009 08:08 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? The time is 11:59:59. Brace yourselves.
Ubetcha User ID: 588633 United States 02/17/2009 08:09 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? and so what is being stated? will the DOW drop today in spite of the stimulus bill? that does not make sense. Quoting: Anonymous Coward 614087 The Dow never makes sense. Everytime they come out with a new package it dives when they announce job loses it goes up. So I figure they don't know what to do really I live in the state of perpetual confusion Janey Flag of Peace
Anonymous Coward User ID: 603807 United States 02/17/2009 08:12 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? Futures all waay down as the bell ticks closer. S&P below 800 by day's end, DOW 7650
Anonymous Coward User ID: 566027 Netherlands 02/17/2009 08:13 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? Stimulus bill will crash this puppy- combined with the rest of the bad news. IF this Stimulus was going to raise it, the futures would be up or at least not down 2%, as they are now... Also, the only bright spot the MSM was pushing seems to have soured as well; at least enough to have no effect: "Wal-Mart's profit drops 7.4%, hurt by higher expenses" [link to www.marketwatch.com]
Anonymous Coward User ID: 603807 United States 02/17/2009 08:13 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? and so what is being stated? will the DOW drop today in spite of the stimulus bill? that does not make sense. The Dow never makes sense. Everytime they come out with a new package it dives when they announce job loses it goes up. So I figure they don't know what to do really Quoting: Ubetcha Job cuts always improve the profitability of the announcing company, because costs thus go down.
Anonymous Coward User ID: 603807 United States 02/17/2009 08:15 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? Stimulus bill will crash this puppy- combined with the rest of the bad news. IF this Stimulus was going to raise it, the futures would be up or at least not down 2%, as they are now... Also, the only bright spot the MSM was pushing seems to have soured as well; at least enough to have no effect: "Wal-Mart's profit drops 7.4%, hurt by higher expenses" [link to www.marketwatch.com] Quoting: Anonymous Coward 566027 My Walmart in Delaware is very sparsely filled with shoppers the last month--never more than 6 of 24 cash register lanes open, and no lines.
meras User ID: 616549 United Kingdom 02/17/2009 08:15 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? More grist for your mill. [link to uk.news.yahoo.com]
ºDIETº (OP) User ID: 616539 United States 02/17/2009 08:18 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? and so what is being stated? will the DOW drop today in spite of the stimulus bill? that does not make sense. Quoting: Anonymous Coward 614087 The short answer is that the stimulus plan will do very little for the financial markets. Europe's problems are deepening and it appears that some of the Eastern bloc countries are poising themselves for currency collapse with the amount of gold they are buying.
Anonymous Coward User ID: 594298 United Kingdom 02/17/2009 08:20 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? and so what is being stated? will the DOW drop today in spite of the stimulus bill? that does not make sense. The Dow never makes sense. Everytime they come out with a new package it dives when they announce job loses it goes up. So I figure they don't know what to do really Quoting: Ubetcha It contains a protectionist clause. It will affect world trade.
TimOsman User ID: 527834 United Kingdom 02/17/2009 08:22 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? The high office of the President has been used to foment a plot to destroy the American's freedom and before I leave office, I must inform the citizen of this plight. - J F Kennedy
Anonymous Coward User ID: 323774 United States 02/17/2009 08:22 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? Any idea what the fall country will be, Diet? Ireland?
Anonymous Coward User ID: 323774 United States 02/17/2009 08:23 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? Or, you said Eastern Europe? Wouldn't the countries the IMF helped already be OK or oould they still fail?
ºDIETº (OP) User ID: 616539 United States 02/17/2009 08:25 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? Any idea what the fall country will be, Diet? Ireland? Quoting: Anonymous Coward 323774 My guess and it is purely a guess at this point is the Ukraine would topple first.
ºDIETº (OP) User ID: 616539 United States 02/17/2009 08:27 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? Or, you said Eastern Europe? Wouldn't the countries the IMF helped already be OK or oould they still fail? Quoting: Anonymous Coward 323774 My thread from yesterday had an article in it that touched upon this subject. Let me see if I can find it.
lemoning nli (at college) User ID: 555913 United Kingdom 02/17/2009 08:27 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? Any idea what the fall country will be, Diet? Ireland? Quoting: Anonymous Coward 323774 I'm not Diet, but it would make sense. The problem is that in the event of major political trouble in Ireland we could see the return of Catholic / Protestant violence.
Anonymous Coward User ID: 610668 United Kingdom 02/17/2009 08:27 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? Any idea what the fall country will be, Diet? Ireland? My guess and it is purely a guess at this point is the Ukraine would topple first. Quoting: ºDIETº And Ukraine socially is very fragile between pro-Russian and pro-Independence.
Anonymous Coward User ID: 566027 Netherlands 02/17/2009 08:28 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? Financials down in pre-trading: # 8:26 a.m. [C] Citigroup shares fall 5% in pre-open trade, to $3.31 # 8:26 a.m. [BAC] Bank of America shares fall 9% in pre-open trade, to $5.08
Anonymous Coward User ID: 554626 United States 02/17/2009 08:28 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? He has got a protectionist clause in the Stimulus Bill. That's the big news. China was saber rattling at this clause at the G7 summit. Let's face it if China's boom goes bust they are primed for a revolution. Quoting: Anonymous Coward 399487 and WHO will buy our 1 Trillion Stimulus Bill.. we DO NOT have the money.... we will sell TB's.... CHINA OWNS the USA... I have told you guys before... they will INVADE US... I saw it happen in 1992
Anonymous Coward User ID: 399487 United States 02/17/2009 08:29 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? Or, you said Eastern Europe? Wouldn't the countries the IMF helped already be OK or oould they still fail? My thread from yesterday had an article in it that touched upon this subject. Let me see if I can find it. Quoting: ºDIETº Here you go Diet: Thread: European Doom Imminent! The sums needed are beyond the limits of the IMF, which has already bailed out Hungary, Ukraine, Latvia, Belarus, Iceland, and Pakistan – and Turkey next – and is fast exhausting its own $200bn (€155bn) reserve. We are nearing the point where the IMF may have to print money for the world, using arcane powers to issue Special Drawing Rights. Its $16bn rescue of Ukraine has unravelled. The country – facing a 12pc contraction in GDP after the collapse of steel prices – is hurtling towards default, leaving Unicredit, Raffeisen and ING in the lurch. Pakistan wants another $7.6bn. Latvia's central bank governor has declared his economy "clinically dead" after it shrank 10.5pc in the fourth quarter. Protesters have smashed the treasury and stormed parliament.
Anonymous Coward User ID: 69144 United States 02/17/2009 08:30 AM Report Abusive Post Report Copyright Violation	Re: DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand? Some people with lots of money surely knows this stimulus is a joke.
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DOW Watch – Feb. 17, 2009 – Is the eleventh hour at hand?