Friday with Mr. T
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WALMART……..to shutter 100 stores…
SEE correction……below……..
WALMART ………firing 16,000 people, should look real good on the next jobs survey.
Dow down 423.
*********** BREAKING NEWS: WAL-MART CLOSING 269 STORES ********* FOX NEWS!
Well…….I told you……..this is it!
That news alone will take us down to 500 pts on the Dow!
More opportunities for Mom and Pop…….with a brain, if the govt. will get out of the way.
DOW NOW DOWN 463 PTS!
I sold 98% of my positions yesterday as it was just a short covering rally with the machines outdoing each other with a race to the top generating buy signals as investors got greedy and cashed out on their accumulated gains on shorts. Now they will do the opposite with a race to the bottom. Oil was looking weak yesterday barely holding 31 and the market took that as strength. It is headed to the 20 to 25 area before it bottoms and then the market can bounce up.
HUGE…………….it will be HUGE………..
Audit the FED………………
No, abolish the Fed
The geniuses are talking about raising rates even today with Bullard mentioning the rates will still go up.
AGREE………..ABOLISH THE FED…….to heck with the audit………….lol
LOL.
Open up Ft. Knox.
why,………………we all know it is gone………been gone since 1964……lol
maybe if you open up the vault at Ft Knox……..Jimmy Hoffa might be inside…lol
LOL…………….funny!
Chris…We are not allowed to.
Jerry…We are not allowed to.
Hello Irish……..hope you are having a great week end……….Jerry
Should we still be thinking about buying into oil stocks?
A few w/ a small part of your portfolio. I wrote of a couple in my latest issue that have INCREASED their distributions and are in relatively decent shape, even if their share prices have been caught up in the selling with everything else.
Thanks Chris.
DOW JONES NOW DOWN 506 POINTS!
I told you that news from Wal-mart would take it to 500.
CAN YOU SEE……..600 ON THE DOW TODAY!
Funny, but I’ve been watching all morning and until now didn’t hear one mention of Wal-mart, let alone it being blamed for the selling. Markets have way bigger problems than that (though the Wal-mart news is indicative of the still-weakening economy.)
Take it from me……………….THIS IS IT!
Every FED chairman gets his (her) challenge when they start. Volcker got challenge of inflation and dollar devaluation challenge in 1970s. Greenspan got 1987, Bernanke got 2008. Is this the challenge Janet will get?
YES!
My junk bond short fund SJB is doing well. Shale collapse is coming. This is insane.
Hope your ………..bonds are all insured……………lol
I am shorting for another month. A little bit, just to play.
That is not a bad play…….you should do ok…..I would think…..jmho
” WE KNEW THIS WAS COMING……………….THERE WERE WARNINGS! “
I thought this is it was yesterday?
Google requires 1000s of “coders”,(whatever that is) people are not trained for the jobs yet.
I guess as time goes on they will need 1000s and 1000s more.
According to them its a pretty serious situation.
This kinda thing happens every once in awhile, technology changes the requirements of labour, that in combination of a change in the world reserve currency makes this a unique situation.
Re read an old Casey interview, he figures gold and goldshares are the things to own.
Gov. will take our cash etc etc. I guess Portugal is being “bailed in”, good idea not to have all cash in one bank I suppose.
“Coders”
Software Engineering carrer requires a demanding 4 year college degree (I’m not talking about Web Developers, that is much different).
For years, companies have struggled to hire talented, young(er) SW engineers. Most college students don’t want to spend their entire college career studying and working hard.
So … a shortage of SW engineers to develop products and solutions.
On the news cbc, last night, I guess the Liberals are putting in “coding” in elementary schools, calling it a language and if we dont get our people trained in it we suffer.
Google made the comment the computer industry needs thousands.
Personally I have no clue about pewters, shortly we wont even need to know how to type, we will just talk to them.
With google knowing everything we wont even need to use our brains. lol
My mention was just there is lots of work available for those people that actually want to work.
You would think people would stop going into debt for philosophy and learn what is in demand, google has answers but doesnt really teach people to think I guess.
Neither do the schools it would seem.
Being able to be a productive, talented SW Engineer (programmer) is complicated.
1. Not everybody can learn to “code” (Think of all the people who just don’t understand “math”)
2. There are different areas of SW engineering: Algorithms, Imbedded, Back-End, UI. In some cases, a completely different skill set.
3. Teaching programing as a “foreign” language (from an early age) is actually quite brilliant, IMHO
Hah! Look what Dingbert is saying:
Opinion: A bear market in stocks will be over before you know it
should read………”it will be over before the you know,,to open your next statement”
Dow down 483. Will it make it to 500?
Ah, gentlemen……………we are in a recession!