Hi....I got my second wind about midnight...and started reading a couple of threads...but being Saturday night it seems everyone has folded their tents....storing up energy for the markets and news tomorrow night.....
I have wondered if we are all insatiable news buffs...or insomniacs... on the GPM.....
I think your "Ludicrous phase" is very appropriate for housing....
The surrounding area that Microsoft has affected is unbelievable...the hills and dairy farms have houses on them. There are people living in Cle Elum, a small ranch and farming community in a valley area on the other side of Snoqualmie Pass...in the Cascade Mountains....they are commuting to Redmond and Bill Gates....
Housing prices are outlandish.....
For phrases on SI my favorites are 'fibanotchy bunnys' and the other night Bill Murphy 'petite minors' you probably saw that....In that I loved them, I do hope that I remember them correctly....
That Brokerage in midtown NYC...as they're building it and if the company and the building are taken over in a merger; you know it is the top if is bought by a foreign company.....at least that happened in the 80's.
But I don't think that we will see that this time...as we are the ones in a balloon market...right now we are the only supporters of our economy... Question...Isn't personal consumption 70% of our economy?
A year ago mergers had a premium to the party being taken over...now they are 'mergers of equals' and there have been 'take unders' in the last couple of months...and those take unders were friendly....
In all the mergers, the only ones who are making out like Bandits these days are the corporate officers....those golden parachutes...the co-CEO's bull_hit.... greed....you can't have my company unless you compensate me personally for selling...
This next week we should be getting a spate of reports from companys that are not going to meet the street estimates....and that will run into the beginning of Sept. These are the adjusted lower street estimates.
Now that should be additional pressure to the downside in the market...we may find out soon if Japan is going to have the Banking Crisis....and there will probably be a devaluation in the Brasil currency in the next couple of weeks( that is my assumption since Venezuela and Argentina have devalued)....Currently I do not see much good news that the market will be receiving....there may be individual companies that will do great, but their PE is so high already, that investors will sell into the heavy volume and by the end of the day the stock will be lower than the opening price....
El Nino and La Nina...as you say...El Nino has had its effects....but two events happening at the same time can multiply the end result...like the unusual weather, warmer than usual,more rain, more flooding, less snow and cold so less heating oil.......But the World appears to be going into a recession, and the currencies that are devalued against the American dollar from South Africa to South East Asia to South America....become a greater burden in a non functioning economy...so they can not take advantage of the lower price of oil,and the devaluated currency, looses again when it has to buy oil....the money has been devalued in relationship to the Dollar, now they have to devalue again in the penalty of converting to the dollar to buy oil or commodities....So even if the weather gets colder, and oil is in greater demand in the US and Europe, that demand is not enough to compensate for the downturn in demand in the rest of the world....IMHO.
I am starting to get very confused....needless to say, I don't know...
Bobby, tonight I guess you got me with to many questions. :)
About property taxes....my taxes went up 41.2% this year....ouch!
Clinton has already signed a bill for 5 Bil. dollars to help the farmers...agra business....oh and the chickens to Russia, come from Tyson in Arkansas.
Now I have a question...Bill Clinton (forget all the current events) signed off and gave the government workers an 8% pay increase over the next 2 years......Thats not a COLA...theres no inflation....Is that merit pay.....everyone has done such a good job, and the government has made so much money that we are going to share the wealth with all of you out there....Thats a hefty chunk of money across the board...
Well thats all for tonight.....karen |
