All that matters is Europe it seems. Even with 60% of companies reporting better than expected earnings, the markets have yet to pull out of a trading range. I've read and heard economists that once feared a recession changing their tune a bit, but yet the markets wait on Europe and a decision about the Euro debt crisis. We want to know....
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The take down of countries has been planned by the
globalists to pave the way for world govt.
Read the book True story of the Bilderberg Group,
Daniel Estulin.
Sorry, typo - "worst leaders in American history, bush and dick.."
The "colossal failure of leadership" started in 2001 when the traitor, supporter of nun butchers and lunatic raygun began dismantling the American economy and has not yet abated, though the worse "leaders" in American history bush and dick, are finished, though not in the prison cells they deserve. The advanced democracies of Europe are under attack from the same kind of forces, and they may be destroyed as well. Time will tell. I'm betting that Amerikan fascism has run its course and even the fools that handed reigns of power to lunatics like Boehner and Cantor are starting to smell the feces. I'm also betting on Europe's recovering, but neither is a sure bet by any means. Fortunately, I'm old and if I lose these bets, I won't have to live with it for very long - but I surely pity the young if Americans don't wake up.
Will we ever learn the lessons of this colossal failure of leadership?..... that has made the costs of solving this problem exponentially higher every day over the last 18-24 months at least!
Bob
Your difficulty with spelling may be a warning sign, often lowered oxygenation of the brain leads to such symptoms. If you are over 50, you should schedule a medical checkup ASAP.
theirs (refers to something that belongs to the noun in the sentence) in your sentence you clearly mean [there is- or the abbreviation there's];
supper (refers to a meal late in the day) in your sentence you clearly mean [super];
Your use of the term oxymoron as defining the 'super committee' reflects an heightened awareness, demonstrably above the mainstream--ergo your difficulty in spelling is not a reflection of poor education, but rather indicative of a physical impairment-- one that you may not have yet recognized. Please accept my comments as a concern rather than a criticism. Be well.
When there is not money anymore in the household and when you do not have credit card anymore and when your income is practically non-existent, then you are in the position of most of the European States TODAY!!!
You have then the choice: either you go bankrupt or then you obtain a certified reprieve !!!
It is then the choice of the creditor to determine in what a sauce he wants "to eat" you!!!
You can now easily imagine which countries are concerned in Europe !!!
Superb overview.
What's in your portfolio?
I'm happy with a flat market, because I regularly sell covered calls.
Europe, China, Asia, Middle East, Australia, South America, and North America are all connected. Unites States, China, Europe, and Japan are the biggest. Why would anyone be optimistic? I believe, I'm certain it was President GW who said days before the market crashed in 2008,: "the fundamentals of the market are sound". OK!?, thank you. What is different this time? I'm with Adam too, Oct 12th, 2012 if not way before. China's house of cards un-ravels now and we get our S&P back to 666 lickity split.
Will anyone learn that debt does not stimulate the economy?
Will we learn from other's mistakes?
Sound financial practices are more important than printing more phony money!
The Fed needs to be held accoutable!
I have a job and I won't be spending a penny on Christmas.
Greece already technically defaulting. European banks insolvent if they were required to show true value of the assets on thier balance sheets. US large bank exposure to European banks in the tens of trillions. BOA and JP Morgan using slight of hand to move thier European bank based assets into FDIC insured accounts so that if/when the European banks fail, the US taxpayer is on the hook to cover the losses ( back door bailout ).
And, US population is aging. US manufacturing has been gutted. Government tax revenues falling as unemployment rises. Federal government is bankrupt and borrowing 50%+ of it's budget needs. China will surpass the US as the largest economy in the world in 2016. American military powered based on massive spending because america is/was the world's larget economy. Who do you think is going to be able to spend that kind of money on military expenditures going forward?
What drove US economic development from WW2 to 2000 is now gone. I.e. young domestic population/labor force, dollar as world's reserver currency, cheap oil, military superiority used to open markets and capture cheap labor and cheap resources for american businesses, and domination of the world financial markets. All these things are gone or going down. If the DOW was based on the strength of american companies, which was based on those companies assets and what they produced, where do you think this is headed? The rise in the DOW from 1970 through 2000 tracks exactly to the financial deregulation from 1970 to 2000. That isn't going to happen again either. DOW is flat just like it was from 1935 - 1960~. Exactly what do you think is going to happen to recreate the conditions of the past that drove DOW value?
Watching Europe? Believe it, like a hawk.
All you need to do is watch the dollar
I watch Europe closely but that doesn't tell you how I think it will affect the US.
Third quarter profits are slightly better than expected.
Now the street thinking is Christmas will be better.
Will the people that have a job and have money actually spend it?
Many think yes and so do I.
3 scenarios through end of 2011:
Europe turns out bad - US markets are affected, go down temporarily,
but longer term fundamentals play out positively
Eurpoe muddles through - US markets go somewhat higher on US own economy
Europe turns out better then expected - US go higher into next year
SPX breached upper bollinger band, this is heading to test 1260 possibly 1300.
Dollar and VIX are falling like a rock.
This is just the tip of the iceberg. Cyprus and many of the US states are in over their heads in debt. The derivates exposure is many times the GDP of the whole world. The Fed is as bankrupt as can be (zero accountability).
and then theirs china and then theirs our supper committie(oxymoron)and so on and so on.Im with Adam on the oct 2012 low
SITUATION BECAME SO MUCH INTERESTING THAT EVERYONE ACROSS THE WORLD ARE PAYING VERY CLOSE ATTENTION TOWARDS PAST PRESENT AND PROBABLE SITUSTION OF EUROPE, AND ALL PSOOIBLE EFFECTS THEREOFF, SIMPLY BECAUSE OF THAY THINK THAT FUTURE OF FINANCIAL MARKETS ONLY AND PURELY DEPENDED ON EUROPE, AND IF ONES, IT WILL BE SOLVED, EVERYTHING WILL BE SOLVED EVERYWHERE, IRRESPECTIVE OF THEIR OWN OR OTHER RELEVENT CONCERNS.
IN FACT SOLUATION OF E.U. CRISIES MAY NOT BE IN A POSSITION TO CHANGE SENIREO, BECAUSE THERE ARE SO MANY OTHER FACTORS ALSO INVOLVED IN THIS ENTIRE SITUATION, IT MAY BE EITHER U.S., ASIA PACIFIC, OR "BRIC" EACH AND EVERYONE COUNTRIES ARE FACING DIFFERENT TYPES OF CRISIS OR FISCAL PROBLEMS.
SO PLEASE DONT THINK THAT SITUATION WILL BE CHANGE, SIMPLY ON THE BASIS OF ON EUROPE FACTOR.
RASESH SHUKLA - INDIA