posted on January 22, 2006 05:54:40 AM new
some middleclass are doing very well,those who engage in oil and gas business and those who provide products and services to the industry.
There is a shortage of qualified professionals such as geologist,geophysicists,petro engineers,landman etc,how the table turns!!!
Why blame one person,why not take destiny in your own hands?
Many of my Chinese friends are traversing China looking for opportunities,how the table turns??
posted on January 22, 2006 07:23:18 AM new
Damn straight go Bushie! Economy is on an upward trend and it is nice to see.
Just because the market had a bad day is no indication of the economy.
Ron
"I'm so depressed. My doctor refused to write me a
prescription for Viagra. He said it would be like putting
a new flagpole on a condemned building."
posted on January 22, 2006 09:08:17 AM new
Upward trend? Not according to this article:
NEW YORK (Reuters) - Digging out of the red will be a tall order for U.S. stocks this week after Friday's big losses unless the corporate profit picture improves and the international tensions driving oil prices through the roof ease.
Stocks ended last week with their biggest fall in nearly three years, and the magnitude and breadth of the decline could shake individual investors' faith in the market, leading to additional selling on Monday.
Friday's selling was a sign investors had realized weak earnings early in the week were not one-time misses but part of a larger trend, Alec Young, Standard & Poor's equity market strategist, said.
"You never get drops of this magnitude without something serious going on," Young said. "It's not a pretty picture, and it clearly caught a lot of people off guard."
Retail investors were likely to look at the selling and push the market lower on Monday, Young said.
U.S. benchmark stock indexes had their first weekly decline this year, and the blue-chip Dow erased its 2006 gains after bellwethers General Electric Co.(NYSE:GE - news) Intel Corp.(Nasdaq:INTC - news) and others reported profits that were lower than expectations.
"Investors are having to deal with the reality of lower corporate profits," said Michael Strauss, chief economist at Commonfund in Wilton, Connecticut. "And the stock market is starting to feel that impact."
For the week, the Dow shed 2.7 percent to 10,667, the S&P lost 2.0 percent to 1,261 and Nasdaq ended 3 percent lower at 2,247.
OIL A BIG DRAG
Strauss also said a rise in oil prices above $68 a barrel may dampen demand for stocks as it rekindled inflation and earnings worries. High oil prices can act as a tax on consumption, hurting consumers' ability to spend as well as corporate profits.
U.S. crude prices gained 2.2 percent to $68.35 a barrel on Friday in New York after al Qaeda threats added to worries about supplies from crude exporters in
Iran and Nigeria. Oil prices have gained 23.4 percent since their five-month low of $55.40 hit in mid-November.
"Oil shouldn't be trading above $65 a barrel," Strauss said. "It constrains the whole market and only some energy utility shares benefit."
EARNINGS WORRIES
Earnings at companies in the Standard & Poor's 500 index (^SPX - news) were projected to have risen 14 percent for the fourth quarter of 2005 before the reporting period began, according to Reuters Estimates. Of the S&P 500 companies that reported earnings before Friday, earnings per share for about 60 percent have exceeded expectations.
Still, some analysts have tempered their views after weak results and disappointing outlooks from tech heavyweights such as Intel and Yahoo Inc. (Nasdaq:YHOO - news).
"We're finding earnings are very spotty," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont. "One day we're good, one day we're bad, the market's choppy."
This week will bring earnings from about 150 S&P 500 companies, making it the busiest reporting week. The companies include Microsoft Corp.(Nasdaq:MSFT - news), American Express Co.(NYSE:AXP - news), 3M Co.(NYSE:MMM - news), General Motors Corp. (NYSE:GM - news) and Johnson & Johnson(NYSE:JNJ - news). Other highlights include Bristol-Myers Squibb (NYSE:BMY - news), Qualcomm Inc.(Nasdaq:QCOM - news) and Sun Microsystems Inc.
(Nasdaq:SUNW - news).
GDP, HOUSING REPORTS
On the economic front, an advanced GDP report on Friday is likely to show the U.S. economy expanded at a 3.1 percent annual pace in the fourth quarter of 2005, down from 4.1 percent in the previous three months.
Other economic gauges this week include new orders at U.S. factories in December, due to be released on Thursday.
Also this week a report on existing home sales, due on Wednesday, is forecast to show a drop to 6.9 million sales in December, which would make it the third consecutive monthly decline.
U.S. new home sales are also expected to have fallen in December. A report is due on Friday.
"Our lives begin to end the day we become silent about things that matter." - Martin Luther King, Jr.
[ edited by cblev65252 on Jan 22, 2006 09:08 AM ]
posted on January 22, 2006 10:56:03 AM new
You sure can Rusty. I made money in stocks last year, this year even with the one major down day I am doing well.
No nerfball, I don't live in your little world I live in the Big bad real world most people live in.
We can see the forest from the trees.
Oh and Cheryl, you can't use a 1/2 month of the 1stQ for any real predictions, look back at the last 4Q's. Of course those looking for bad will find it anywhere.
Ron
"I'm so depressed. My doctor refused to write me a
prescription for Viagra. He said it would be like putting
a new flagpole on a condemned building."
[ edited by WashingtoneBayer on Jan 22, 2006 10:59 AM ]
posted on January 22, 2006 12:07:53 PM new
Ron- "You sure can Rusty. I made money in stocks last year, this year even with the one major down day I am doing well."
Wow, you actually answered a question without requiring me to beg. LOL.
"Oh and Cheryl, you can't use a 1/2 month of the 1stQ for any real predictions, look back at the last 4Q's. Of course those looking for bad will find it anywhere."
Cheryl- I think Ron meant "everywhere" rather than "anywhere". You really have to watch those conservatives. They will change one word to twist the real story.
It's not who you choose for love, but rather that you love.
posted on January 22, 2006 05:37:26 PM new
"Just wait until tomorrow when Ford announces its next round of cuts.
Upward trend...must be nice to live in your imaginary little world."
Willie-thats not the administrations fault.
If Americans would build better cars,this wouldnt be happening.Would YOU buy a Ford?? I wouldnt-buy Japaneese.
posted on January 24, 2006 05:30:57 AM new
Ron,
Most Americans understand how a minority of Americans can make money from putting the majority of Americans in a very bad way. Its called the Bush/Cheney conservative economy for the SELECT FEW or the Bush/Cheney conservative CLASS WAR.
posted on January 24, 2006 06:27:03 AM new
How about looking from 2001? Do you notice the trend? Do you even know what a trend is?
Everyone has an opportunity to make money peepa if you don't stand around waiting for the government to "give" you something.
Ron
"I'm so depressed. My doctor refused to write me a
prescription for Viagra. He said it would be like putting
a new flagpole on a condemned building."
posted on January 24, 2006 06:30:41 AM new
Who determines the price per barrel of crude oil???????
The market does,too many players for any party to control the market,same with interest rate.
posted on January 24, 2006 03:39:04 PM new
The relevance is not that Bush determines the price of crude directly, but that the policies of his administration play a huge role in why energy prices are so high.
In contrast, before Bush, I wasn't paying over $300/month to heat my house, almost $3 a gallon to fill my tank and my 401K wasn't taking a beating.
Now, I feel lucky just to be making back some of the money I lost during Bush's first term, but alot more of it goes into my tank, and to Consumers Energy.
Everything this guy has done can't be blamed on circumstances. At some point, when you find yourself in a hole, you have to stop digging.
posted on January 24, 2006 05:39:44 PM newWho determines the price per barrel of crude oil???????The market does..
You are grossly mistaken about that. The "market" has precious little to do with it beyond what suckers are willing to pay to continue their consumptive lifestyle unabated.
____________________________________________
[ edited by profe51 on Jan 24, 2006 07:06 PM ]
posted on January 24, 2006 05:57:04 PM new
Yes in the long run it's the market that make the price.
There's several factor that come into consideration but we can start with OPEC, the commodities markets, supply and demand.
Here's a link that may explain a little to why prices are what they are.
posted on January 25, 2006 06:37:33 AM new
peepa please let us hear how a new democratic administration will slow down the stock market.
Make it so those of us making money now won't be making money then.
You seem so dead set against profit making I am curious to hear how "your" new government will do away with all of that?
Do you think we will go back on the gold standard?
Do you really think that doing away with the tax breaks President Bush put in place will spur new jobs and make the economy stronger? Please lets hear all of your vast economic savvy to make the US stronger.
Ron
"I'm so depressed. My doctor refused to write me a
prescription for Viagra. He said it would be like putting
a new flagpole on a condemned building."
posted on January 25, 2006 10:36:09 AM new
And the price of Gold is rapidly climbing.
**********************************
Two men sit behind bars,one sees mud the other sees stars.
posted on January 25, 2006 12:23:30 PM new
Gold mining and oil producer shares are still holding their value and were very cheap if you bought them during the late 80s...
posted on January 25, 2006 01:59:58 PM new
""Yes in the long run it's the market that make the price"""
Biggest bunch of crap anybody has ever believed!
The price of the gas you NEED to drive to work is determined by the CEOs of the oil companies and not in any other way.
If they decide they want $15.00 a gallon YOU will pay it!
You will have NO choice. Hahahahaaa!
And they do NOT have to justify it to anyone.
There is NOTHING to stop them and I wonder why they don't ?????
posted on January 25, 2006 02:09:49 PM new
Mingocrapfart,
I hope it doesn't go to $15.00 a gallon but if it should I'll buy you a new pair of knee pads so you can make up the difference
posted on January 25, 2006 04:52:01 PM new
Colin, making knee pad comments just shows what a low life old man you are. You are nothing but a old brain dead fool that made wrong choices in life.
Ron, the first thing I hope a new government would do is start breaking up the BIG LIE. That lie being that unregulated free trade is good for America.
The second thing a new government should do is stop being THE BEST GOVERNMENT MONEY CAN BUY.
THERE IS A LOT MORE A NEW GOVERNMENT WILL DO, BUT FRANKLY I DON'T RESPECT YOU ENOUGH TO SPEND ANYMORE OF MY TIME EDUCATING YOU.
posted on January 25, 2006 05:01:16 PM new
nerfballwillie,
Your last post hit the Bush Lie right on the head. Facts are middle and working class Americans are not better off under Bush.
Now Karl Rove says the republicans will win the houses on the terrorism issue along. Another big lie from a team of the BIGGEST LIARS this country has ever seen.
posted on January 25, 2006 05:32:15 PM newThat lie being that unregulated free trade is good for America.
So you are saying would should put up trade barriers and place tarriffs on goods brought into the country?
Ron
"I'm so depressed. My doctor refused to write me a
prescription for Viagra. He said it would be like putting
a new flagpole on a condemned building."
posted on January 25, 2006 05:39:37 PM new
Colin , can't you just be happy raping little boys like all good priests do ?
But , I'm so glad to see you don't call names like us lefties do
I consider you nothing but a bloated, old man with dainty sunglasses who hates for a living, trying to make himself feel "big" some where...anywhere ! But maybe ron can send you some of his much needed Viagra!
I do love seeing you on the other board...being either ignored or slapped firmly into place....quite funny
[ edited by profe51 on Jan 24, 2006 07:06 PM ]
