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 Post subject: Some good news from wall street
PostPosted: Thu Jul 23, 2009 1:51 pm 
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Given the volatility of the stock market, it may not last, but the Dow has snuck back over the 9000 mark today.


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 Post subject: Re: Some good news from wall street
PostPosted: Thu Jul 23, 2009 2:09 pm 
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Az Bucco fan wrote:
Given the volatility of the stock market, it may not last, but the Dow has snuck back over the 9000 mark today.


It's good to see it going up. I don't think it has been 9000 for almost a year has it?


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 Post subject: Re: Some good news from wall street
PostPosted: Thu Jul 23, 2009 7:32 pm 
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Location: Wheeling, WV
My small amount of funds is starting to get back to where it was. Long way to go but over 1/3rd is back. Good day.

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2011 Will Be Our Year -- well make that 2012 (just saying) So it looks like 2013 now - how long must this go on!
THIS IS IT-- NO MORE STREAK!!! *** Finally*** Time to win it in 2014


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 Post subject: Re: Some good news from wall street
PostPosted: Fri Jul 24, 2009 4:18 pm 
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Don't get too excited or count on it lasting too long.

This is a "recovery" bounce now that some of the banks are showing profit, and not going into the tank. It is also looking like it is based on corporate profits created by cost cutting, not revenue and job creation.

Unless jobs come along with growth, this too shall pass.

My guy says if you want to make some jack, get into foreign muni bonds...

ZM

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 Post subject: Re: Some good news from wall street
PostPosted: Tue Jul 28, 2009 8:15 am 
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Unemployment is traditionally the last indicator to go positive. It may be a long time for that to improve but we should begin to see the bottom there too. I think we are turning the corner and starting back.

I'm sure you know that the market usually preceeds the over-all economy by 6 months to a year in pointing the direction of our economy.

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2011 Will Be Our Year -- well make that 2012 (just saying) So it looks like 2013 now - how long must this go on!
THIS IS IT-- NO MORE STREAK!!! *** Finally*** Time to win it in 2014


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 Post subject: Re: Some good news from wall street
PostPosted: Tue Jul 28, 2009 1:00 pm 
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Yes.

HOWEVER, this market is rebounding on cost cutting and workforce layoffs increasing profits. That is not long term success recipe. You need capital growth and productivity gains. We are not seeing that and that is what I find scary.

The Fed has a very tricky job ahead. If this is real growth beginning, they will have a lot of billions to pull back out of the economy to avert explosive inflation.

With this administration, I don't see that happening. In fact, I see an administration that wants very much to be a Euro Social Democrat economy. If that is so, then they will live with permanent unemployment at 10 - 15%.

ZM

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 Post subject: Re: Some good news from wall street
PostPosted: Tue Jul 28, 2009 1:14 pm 
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I don't share all your views but I am concerned about inflation. No sign of it yet but they need to keep a close eye on it, cause it cripples everyone. Not much danger until people get back to work and release pent up demand for products.

_________________
2011 Will Be Our Year -- well make that 2012 (just saying) So it looks like 2013 now - how long must this go on!
THIS IS IT-- NO MORE STREAK!!! *** Finally*** Time to win it in 2014


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 Post subject: Re: Some good news from wall street
PostPosted: Tue Jul 28, 2009 2:22 pm 
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ZelieMike wrote:
Don't get too excited or count on it lasting too long.

This is a "recovery" bounce now that some of the banks are showing profit, and not going into the tank. It is also looking like it is based on corporate profits created by cost cutting, not revenue and job creation.

Unless jobs come along with growth, this too shall pass.

My guy says if you want to make some jack, get into foreign muni bonds...

ZM


Really City Bonds are where the money is?
I know US Municipal Bonds dipped again today. I'm not well educated in foreign markets though. You don't consider them a big risk?


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 Post subject: Re: Some good news from wall street
PostPosted: Tue Jul 28, 2009 7:17 pm 
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They are considered safer in an inflationary environment. The kick is that the Euro markets tend to lag about 6 mo, plus or minus, behind the US market. US Muni bonds were doing quite well during the crunch, and the Euro bonds are just now starting the same salmon run up the stream.

If you believe Vito, my fund manager...

ZM

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