Global Meltdown is Over. Now is time to make Money.

Originally posted by cpdaman
and when the commercial real estate collapse takes down the small and medium size banks the larger institutions may be able to power grab big time....

While I agree, there is still a commerical R.E. bubble to burst, how exactly are the big banks going to be able to benefit? Will they use all the bailout money to buy those assets on the cheap? There are a bunch of BIG name Malls around the country that are quite shaky, the ripple effect those commerical R.E. failures will have on employment will hardly be good for America.

Just what I want to see, the large banks that we bailed out with taxpayer money get even larger and more of a monopoly. Sounds like fun to me.......

This was actually predicted in the first few days of discussing a stimulus during the Bush administration. There will be a period in the stock market that will begin to look like a recovery. This is ARTIFICIAL INFLATION of the market due to a major injection of capital into the system.

I was under the impression that this was going to start in May, but, this could be the beginning. If you want to get rich, get in now, make your money, and sell off in a few months when things go south. The problem is, things will go south quickly. I'd say it would be a matter of days/weeks. So, maybe it would be a good idea to get back in the water, as long as you know you can't stay in very long. Vigilance!

Originally posted by pavil

Originally posted by rattan1
We are at a turning point guys. As I said many more good news will come.

Ok, I'll bite. Give me three other indicators that we are at a turning point for the positive. What is good for Wall Street isn't necessarily good for Mainstreet. Please be specific. I see that foreclosures rose in Feb. over 30% from Feb. 2008 Levels, that must be good news eh?

Nevada, Arizona, California and Florida had the nation's top foreclosure rates. In Nevada, one in every 70 homes received a foreclosure filing , while the number was one every 147 in Arizona. Rounding out the top 10 were Idaho, Michigan, Illinois, Georgia, Oregon and Ohio.

apnews.myway.com...

Your indicators are all historical Data

You should look at what is Happening Now and Future:

US stocks rose for the third straight day on Thursday and the Dow Jones Industrial Average at one point added more than 250 points as comments from Bank of America's chief executive and gains in General Electric helped prop up the market.

The blue-chip index jumped 239.66 points (3.5%) to 7,170.06, marking its first three-day advancing streak since the three days that ended Jan. 28. The index has gained 9.5% in last three sessions, its best three-day performance on a percentage basis since Nov. 25.

Shares of Citigroup rose 13 cents (8.4%) to $1.67 while JPMorgan Chase was up $2.80 (14%) to $23.20. Both banks have said they were profitable in January and February

The Standard & Poor's 500 index rallied 29.38 (4.1%) to 750.74. The Nasdaq Composite tacked on 54.46 (4%) to 1,426.10

European shares rose for the third straight session on Thursday as drugmakers advanced and banks shrugged off some early weakness. The pan-European Dow Jones Stoxx 600 index added 0.7% to 167.36, bringing gains made since the start of the week to roughly 5%. Gains were on the small side with investors unwilling to take big risks in current markets. On regional markets, the French CAC-40 index rose 0.8% to 2,694.25, the German DAX 30 index climbed 1.1% to 3,956.22 and the UK FTSE 100 index rose 0.5% to 3,712.06. Drugmakers rose in Europe, with Roche Holding shares up 1.3% in Swiss trading.

Still don't believe me?

I can't believe we have so many pessimism here.
To all those that still don't believe me:

Comments by the Bank of America's chief executive Kenneth Lewis, that he's confident his bank will pass the US Government's stress test, has also helped to lift sentiment.

Oil has jumped more than 6 per cent, lifting energy shares, as strong loan data from China led to speculation of a resurgence in global growth.

reply to post by rattan1


I think you should cite some sources for your story bro. Of course things are gonna look ok for the time being. That crackhead just pumped hundreds of billions of dollars in!

Originally posted by rattan1
Your indicators are all historical Data

You should look at what is Happening Now and Future:

Still don't believe me?

Historical???? Those were last month's figures there, that's the most current data that that analysts use.

I have already shown you the "Great Gains" GE has made: Dividend cut 66%, Stock still down over 70% from last year and rating downgraded. The stock has gone from $17.07 a share on Jan 2 2009 to $9.57 a share today, should I be praising it's great gains???

Let's use your examples:

BOA Jan 2 $14.33 a share.....Today $5.85 a share. -59.2%

CITI Jan 2 $7.14 a share..... Today $1.67 a share -76.6%

JPM Jan 2 $31.35 a share..... Today $20.40 a share -35%

For the average American Investor who has lost between 35% to over 50% of their money they had in the market, now is NOT the time to speculate and daytrade. Sorry.

If you have speculating money available, sure go ahead and make some plays, there are deals out there, but you better know what you are doing.

The average investor just isn't savvy enough to do that. Remember they are taught to buy and hold. Nobody can time the market.

LOL!

Citigroup is in such deep economic crap that they will say anything.

I expect to see them or BOA go down the tubes first.

Just wait, we haven't even seen the tip of the iceberg yet.

Mark my words when Commercial real estate defaults on a national scale it will crush these shaky banks like small ants.

Basic economic logic here. Millions and millions of square ft of empty malls, circuit city's, mega shops and anything else built around defaulting subdivisions. Now take all this space coupled with all the residential defaults and the banks will fail. Why?

Easy answer, someone has to pay taxes, overhead, repairs, utilities, landscaping, snow removal, insurance for all those empty buildings plus the defaulted notes. This will be the collective straw that broke the Camels back.

And not to mention all the layoffs, business shutting down, and closing which will constitute more empty buildings owned by the banks.

Remember Banks are not in the real estate management business, they are only money lenders.

Who's gong to buy the empty properties with no money, no credit, no industry or no jobs?

Originally posted by rattan1
The Economic Meltdown is over….. Time to make some money. The announcement made by Citigroup and the way the market has reacted has marked the End of the Economic Meltdown.
Stop listening to all those Doom and Gloom People and cease the opportunity in front of you to make some Money. How many doom and gloom predictions made here on ATS ever came true and why should it be different for this one?
The rapidity with which the stock market will recover will stun many. Share prices are still at a bargain so just buy as much as you can and watch it all grow and make huge capital gains.

Don’t waste your money stockpiling on Food and ammunition…the dream of doom is not going to come true for some here. Citigroup announcement is just the beginning and many more will come.

For all those that don’t believe me will only see everything unfold before them and curse themselves for all the missed opportunity.

So people please forget about all the Doom thing( will never ever happen) and cease the opportunity NOW.

[edit on 12-3-2009 by Realtruth]

here we go:

Citigroup Inc Chairman Richard Parsons said on Thursday that the bank does not need any more capital injections from the government and expressed confidence that Citi would remain in private hands. Asked in an interview with Reuters whether Citigroup needed additional government capital injections, Parsons said: "No, I think actually, particularly with the latest conversion... Citi is actually one of the better capitalized banks in the world."

Citi doesn't need more government capital: Parsons

Hey op im confused - did you say cease or seize this economic opportunism - I mean the fact you "cant use words good but" seems to leave me underwhelmed.

Want More:

General Motors Corp (GM.N) has told U.S. officials that it can survive through March without the additional $2 billion in emergency aid that it first requested, the automaker said on Thursday. GM said in a statement that it had been able to defer the first tranche of its aid request after stepping up the pace of planned cost-cutting and holding back on some spending that had been planned for January and February. Shares of GM rose 9 percent to $2.03 after the announcement.

GM says can survive March without new aid

Originally posted by audas
Hey op im confused - did you say cease or seize this economic opportunism - I mean the fact you "cant use words good but" seems to leave me underwhelmed.

Thanks for pointing out the error. I guess most understood what I meant.

reply to post by rattan1



So what stocks do you reccomend? I am curious. It seems you are going to believe the companies themselves rather than people who are a little more objective.

So Citi and GM are swearing off the bottle, they are still drunk.

Originally posted by Iago18

I was under the impression that this was going to start in May, but, this could be the beginning. If you want to get rich, get in now, make your money, and sell off in a few months when things go south. The problem is, things will go south quickly. I'd say it would be a matter of days/weeks. So, maybe it would be a good idea to get back in the water, as long as you know you can't stay in very long. Vigilance!

thanks for injecting more sanity into the discussion......it sounds like Rattan is just look'n for some arguing but i think he may be in over his head as far as his understanding of this topic goes....and it seems some posters are actually able to pull something productive out of his thread which is that there is likely a BEAR MKT RALLY starting

[edit on 12-3-2009 by cpdaman]

BANK of America's top executive said overnight strong profits are on the horizon, in the latest upbeat comments for a sector on the ropes in the deep global financial crisis. Chairman and chief executive Kenneth Lewis told executives the struggling banking giant would generate nearly $US50 billion in profit this year, excluding tax and charges, on revenue of $US100 billion. "That kind of cash flow can solve a lot of problems, given time and an improving US economy," the BofA chief executive said, according to the text of his speech released by the bank.

Bank of America 'back in black'

Turning point it is. All we need is some more good news to bring the confidence back.

reply to post by rattan1


you have a lot of nerve to make a statement like that. 44% of my 401k was lost. The stock market has two ok days after months of tanking and citigroup stock jumps 40%..

And you make this asinine statement?

You don't make money in the stock market. This isn't a get rich quick scheme.

The stock market is a game, just like black jack at a las vegas hotel. The odd's are always in the bankers favor. 90% of the companies in the stock exchange are valued 40x more than they were worth.

i just cant even fathom why you would make that kind of statement.

And if you did your research you would see that GM and Citigroup are doing a 180 on the bailout because the market realized a social, fascist america will never work and the more they receive the more they lose.

So now they have made the conscious decision that bankruptcy will be the way to restructure and bring back some profit to these over saturated companies.

reply to post by Realtruth


china.

reply to post by epete22


You lost 44% of your 401k. Were those lost made on shares you held prior to the crisis? I am talking of opportunity now to make profits because most of the stocks are at a bargain. You have to buy now and hold. Things are turning around. The crisis started with the finance sector and recovery will start by them.

[edit on 12-3-2009 by rattan1]

Originally posted by epete22
reply to post by rattan1

 

you have a lot of nerve to make a statement like that. 44% of my 401k was lost. The stock market has two ok days after months of tanking and citigroup stock jumps 40%..

And you make this asinine statement?

You don't make money in the stock market. This isn't a get rich quick scheme.

The stock market is a game, just like black jack at a las vegas hotel. The odd's are always in the bankers favor. 90% of the companies in the stock exchange are valued 40x more than they were worth.

i just cant even fathom why you would make that kind of statement.

I sympathize with the lost that you made. However, no offence meant to you, when you invested on the stock market you knew that you were taking a risk. So you took a risk and it did not pay off. Stop complaining dude.

reply to post by rattan1


The global meltdown is as over as the Iraq War was when Bush said mission accomplished.

Bull...