DOW Goes over the 8200 mark today?

[Ratickle]

I think we are headed down for a bit. I got out of most of my positions early last week.

Hard to predict. Bank earnings up, bank defaults up.

Home sales up, home foreclosures up.
etc.

A biggie, the government may be taking over banks instead of doing what they said they would.

From Blumberg

"Investors are also cautious after The New York Times reported that the White House and the Treasury Department could avoid having to ask for more money beyond the $700 billion already allocated for the government's bank rescue fund by converting the government's loans into common stock. Such a move would give the government a controlling stake in banks."

 

[Ratickle]

By the way, if any of you own YRC, I think you shouldn't. They will not make it.

From GLG

Analysis:
There is no way that YRC can survive long term. Their fully allocated wage basis is significantly higher than its non-union competitors. The differential is still more than 50%....that is YRC's fully allocated hourly wage is 50% higher than its non-union competition....and that doesn't take into account all the onerous work rules, seniority, etc.There is no way they can off set that difference with volume or efficiencies. I tried a few years ago and it did not work then and will not work now. Additionally, the LTL Market that YRC competes in is almost 100% non-union. Consider this fact: of the top 100 Carriers in 1979, which was the year before deregulation.....only 2 exist today. The other 98 are gone....and YRC will join them soon.

 

[Ratickle]

Kinda the same thing that's going on with the car manufacturers.

 

[cuda]

The only difference between buying stock and going to Vegas, is somebody wins in Vegas.

 

[Ratickle]

The only difference between buying stock and going to Vegas, is somebody wins in Vegas.

Yeah, the casino.....

 

[Wardey]

The only difference between buying stock and going to Vegas, is somebody wins in Vegas.

I'm in the black right now and doing quite well. No regrets at all. Sure you go up and down but you can't make money without risks. Dave

 

[Ratickle]

I'm in the black right now and doing quite well. No regrets at all. Sure you go up and down but you can't make money without risks. Dave

That makes you......The Casino......

 

[MarylandMark]

CAT didn't have the best info and thought the market would have reacted much more than it did.

 

[Ratickle]

CAT didn't have the best info and thought the market would have reacted much more than it did.

I think today is a muddle around day to figure out what happened yesterday.

 

[Magic Medicine]

7907.60

 

[Tommy Gun]

Looks like a midday bounce...wow.

 

[Wardey]

That makes you......The Casino......

ChaChing !!! Dave

 

[Wardey]

I predict that the maket will close tomorrow more than what it opened up today at. Might see an 8200 by the end of the week. Dave

Only 150 away from my prediction !!! Keep your fingers crossed. Dave

 

[Ratickle]

Only 150 away from my prediction !!! Keep your fingers crossed. Dave

Still rooting for you to be right. Even if it is a week late.

 

[Wardey]

Even if it is a week late.

Posted 4/20 it's 4/24 today.8083 !!! and climbing. Dave

 

[Wardey]

Well we did see it climb above 8100 at least, for a close at 8075. Not bad. Dave

 

[cuda]

That makes you......The Casino......

I never thought about it, but you're right.