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

reply to post by rattan1


enough said.. thank you- although I must still take into consideration when the Federal Reserve ceased publication of M3 data in March 2006. It was a sign! And I am certain that many ATS subscribers familiar with that are astute enough today to recognize the impact and significance of that when it occurred.

I know a sign when I see one.

The last few days of gains reeks of "sucker rally" to me, jump back in at your own peril because from what I have been reading, watching and listening the Derivitives $%!&storm is about to hit big time.

The meltdown is nearing an end, but it's not over. Meridith Whitney foresaw this economic downturn and believes credit cards are the next thing to bust...and credit spreads have gotten tighter even as the market has rallied...Treasuries seem to point to one more swoon before we hit a bottom. This rally may last a while, but I don't think it's the bottom.

Originally posted by Fidelios
reply to post by rattan1

 

enough said.. thank you- although I must still take into consideration when the Federal Reserve ceased publication of M3 data in March 2006. It was a sign! And I am certain that many ATS subscribers familiar with that are astute enough today to recognize the impact and significance of that when it occurred.

I know a sign when I see one.

Well allow me to give you a sign:

signs of a levelling out or even a bottoming out are what the market's keenly looking for, and certainly some of those statistics are starting to be a little bit more positive than expected." In the US overnight, Wall Street extended its rally into a third day. The Dow Jones industrial average rose 239.66 points to 7170.06. The banking and financial sectors were considerably higher.

At 12pm, the benchmark S&P/ASX200 index was up 105.6 points, or 3.26 per cent, at 3341.1 while the broader All Ordinaries index had added 98.3 points, or 3.08 per cent, to 3288.7. On the Sydney Futures Exchange, the March share price index futures contract was 96 points higher at 3,343 on a volume of 25,710 contracts. Macquarie Private Wealth adviser Helen Spencer said better than expected retail sales data in the US had sparked some optimism among investors.

Source:Stock market up by three per cent

You're wrong... this is not the beginning of a permanent improvement for the Global stock market, or ours. Come mid April, more companies will report on their yearly gains and losses. At this point the stock market will drop again if it hasn't by then.

The fact that the stocks are bumping a few days in a row really means nothing. This happened many times after the september Crash, and yet we still dropped below 10K and then lower.

You're failing to look at three key facts:

The Credit Crunch is not over, it's no where near over. Just because a bank posts gains doesn't mean ANYTHING. They have assets which they have cashed in. That's it.

Second, the housing market is still falling. It's not plateauing, it's not even close. The market hasn't dropped far enough for people to be able to afford the houses. We are in a free fall and the economy doesn't come out of a free fall so easily. There are more houses than there is money to buy them, that's a problem. There are certainly enough people to live in them, but sadly they are broke.

Lastly, we've just printed another 400 billion dollars. Almost none of that money will go to the millions of homeless in this country. There are hundreds of thousends of homeless people and tens of thousends of homeless families. Almost every state is posting massive debts.

We're not as near to collapse as some people say we are, but we are surely no where near the end of the tunnel. It's going to be a hard long road and things WILL get worst before they get better.

One last thing... if the economy really WAS rebounding, it would be all over the news all over the world. I don't see it... anywhere. Not on major syndicates, or independent sites.

People have learned to hold their tongue during this current downturn.

Don't nuke the fridge... just sit back and don't use three days of three hundred and sixty five days to judge the outcome of our current economic downturn.

[edit on 13-3-2009 by Zenic]

Sorry Rattan but you might want to check on the news out of China today. I started a new thread but I still don't see it so maybe I didn't post it correctly. Don't pop those champagne corks just yet. We aren't even close to reaching the bottom yet. And if China decides to pull the plug on us then the "bottom" will turn out to be a crash. Be very careful. This meltdown took a few years to stoke and it will certainly take more than a few "good" days to put the flames out.

www.bloomberg.com...

I appreciate your intention OP, but this is incredibly dangerous thinking.

You are being lead to the wolves, hook line and sinker.

Keep all three eyes open.

Be In Peace.

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.

And here's me think'n it ain't even started yet, and now it's all over.

I guess who better to know that, than a company going Bankrupt and
bailed out by all the poor people in the country.

Maybe I'm paranoid, but I still reckon your would be safer putting your money
in a shoebox and leave it sitting on the kitchen window sill than in Citibank.
At least you know the showbox and money are still going to be there tomorrow.

Sticking money in a shoebox is a ridiculous idea and this is why...One of the features of the Global Meltdown is the destruction of the Dollar or currencies in general. Money in a shoebox, if things go bad, just means that you'll have a relic from a dead world; it won't buy you anything you need if your predictions, the worst is yet to come, are correct.

Life is for living, not hiding out under a rock like a scared animal hoping that nothing bad happens to you. Grow a pair, make a proactive decision and take your lumps.

Any force that can bring Citibank lower than it already is will certainly take out its peers. It may be hard to believe but it is possible that this is the average Joe's opportunity to actually get in on the ground floor. Don't let it pass because of cowardice. Complete collapse is not plausible, so the only other possibilities is nothing happens or growth. I predict a mix of the two latter.

A ten year overleveraged, bubble-based bull market is corrected in under 15 months?

Ask Japan how recovery worked out for them.

There's a reason bear market rallies are called "sucker rallies." They pull in the desperate with false hope, give them a few weeks or months of gains, and really start to convince people the worst is over.
Then they chew up the suckers who bought in to the hype and spit 'em out used, abused, and utterly broken.

Buy into this at your own risk. If you don't know exactly what you're doing, you're very likely to get your butt handed to you.

Again, look to Japan for what could happen.

Originally posted by F15-Pilot
Sorry Rattan but you might want to check on the news out of China today. I started a new thread but I still don't see it so maybe I didn't post it correctly. Don't pop those champagne corks just yet. We aren't even close to reaching the bottom yet. And if China decides to pull the plug on us then the "bottom" will turn out to be a crash. Be very careful. This meltdown took a few years to stoke and it will certainly take more than a few "good" days to put the flames out.

www.bloomberg.com...

China doesn't trust us......and they shouldn't......any world gov't led by western powerz and there idealogic cohorts eventually neeeds to take aim at china and china ain't going to roll over........crush the market for consumer exports in china (check) .....covertly attack the country's reserves by devaluation or some type of "creative default or debt fogiveness demand " ...possible?

I'm not saying this thread is bogus by any means, but since when has Citigroup been in charge of economic conditions? Everybody has their opinions about the current economic struggle, so what puts Citigroup so high on the pedestal? I'd love nothing more than for them to be correct, but after hearing MANY different opinions on this subject, why should I believe Citigroup?


- Strype

reply to post by F15-Pilot


While I agree that China is really our "Big Brother" when it comes to financial backing, they can't pull the plug without harming themselves as well. We are kinda like Siamese twins sharing common organs, can't kill one without killing the other. That being said, I would look for China to flex it's Monetary muscle whenever it can. I can see them dumping some treasury's to manipulate things.

I wanted to say one more thing... another problem we are facing right now is that Mexico is on the verge of ripping itself to pieces.

Mexico is our third highest oil exporter.

They give us around 1,100,000 barrels per day. (Link below)

What happens when our daily oil supply drops a million barrels right in the middle of the summer like it might? Or Oil prices from Mexico get hiked under a new regime?

That's another problem... which relates more to peak oil problems and what nots... but still - a problem that effects the economy none the less.

Crude Oil and Total Petrol Imports Top 15 countries

What I mean by China "pulling the plug" is when they stop buying our treasury notes. The sale of treasuries to China is the ONLY thing keeping what is left of our economy afloat now. If they decide to go in another direction then we have nobody else to turn to to finance our spending/stimulus. Hillary's sales pitch to China for continuing to buy treasuries is that if they continue to do so then it will increase demand and eventually reflect in China's exports to the US which have fallen drastically since this crisis started. And then there is the unknown such as what will happen to the value of the dollar when the new monetary standard is introduced at some time in our near future - after the G20 summit is over. And how about the possibility of China intentionally bringing us down to put the final nail in our coffin. As we heard about yesterday, the United States sent a destroyer to the South China Sea in response to the incident with those Chinese ships that harrassed our spy ship. China doesn't want us there but we're staying. I'm not so sure it's a good idea to be involved in these types of conflicts with China with so much on the line.

. www.foxnews.com...

Wow, not much more to add here but for the hell of it...

Wasn't it the Project for New American Century that stated (back in the early 1990's or so?) that there is a time coming where there will be exceptional buying opportunities in the markets. Now did they mean that things (economic) are expected to recover or to buy up choice assets before the blade falls all the way?

Reminder Warning:
"Read my lips, no new taxes"
"We will not nation build"
"The fundamentals of the economy are strong"
"Our institution is financially sound" (Bear Stearns, Lehman, Wachovia, WaMu)


[edit on 13-3-2009 by TypeSH2001]

reply to post by TypeSH2001


Maybe they meant the buying op will be when all the stocks are at the cheapest point?
Im sure if i had 10 mil or so, right now in a shoebox or mason jar, id be buying large quanities of financial sectors.
Think thats what huckfinn is doing.
I got a small amount myself.
Eventually, they will rebound to a gain, wether its 5 years or 5 months.
Dont mark my words, but even if a few banks merge and you have stock you got today, you still hold part of that company.
Am i correct?
And if so, wouldnt now be the time to buy the bargain basement stuff?
And obviously wait a little while?

Originally posted by guinnessford
Dont mark my words, but even if a few banks merge and you have stock you got today, you still hold part of that company.
Am i correct?
And if so, wouldnt now be the time to buy the bargain basement stuff?
And obviously wait a little while?

You are sort of right. If a company gets Nationalized or Bankrupted, the shares become worthless. Yes these stocks are priced to do well, IF, and that's still a big IF, they survive without getting nationalized or declaring bankruptcy.

There are other good deals around, the average American Investor, shouldn't be trying to pick the winners right now with the bulk of their money. If they have some money to take a chance on some picks, they might be well rewarded, or they might lose everything. That kind of investment money should NOT be money you are counting on though. It's kinda like loaning out a book, don't expect it coming back and you won't be surprised.

reply to post 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.

The Dow and the S&P 500 were riding the lower Bollinger band and the RSI for both indices was hovering below 30 which is indicative of an oversold market hence the rebound. Although both indices have reached 1 of 3 important Fibonacci retracement levels the best you'll see is a bit of sideways movement but ultimately the support levels of 6,440.08 on the Dow and 666.79 on the S&P 500 will be tested and new lows will be found.

I fail to see how an 'internal memo' designed to jump start the Citigroup share price can be construed as a market bottom especially when you consider there are hundreds of trillions in leveraged derivatives outstanding in the system. I think this thread is an inane attempt at bragging rights of a market bottom prematurely called, nonetheless rattan1 I'll call you out! What, if any, trades have you entered into since calling this supposed bottom of the market, or are you just a tourist?

Put your money where your mouth is.

[edit on 15/3/2009 by Zugzwang]

well trying to always stay open minded........i searched and found....a decently respected economist who says the same as the OP

Nadeem Wayatt over at market oracle

www.marketoracle.co.uk...

now she conceeded that there is a (in her opinion) 25% of so chance that we may go a bit lower but that would be in the area of 5500-6000 at the lowest...........where she differs in her analysis is that she says this is not a bear mkt rally but a stealth bull market and that the recovery will not be slow.

however one guy who has been "right" about the crisis lays out the 4 bullet points of most of those who think we are headed for a bull and why they are wrong/ and or early in their analysis.

www.calculatedriskblog.com...

also a very level headed (i.e non doom and gloom ) economist John Mauldin thinks stocks are a bad idea for anyone with a time horizon of less than 10 years......you can read his latest here..

who knows

[edit on 15-3-2009 by cpdaman]