This Friday the consumer sales activity for October will be released. It is going to be a bad one causing huge losses, or actually, more huge losses in the Stock Market and related funds.
Yes, it can go lower. Selling may lock in your losses but also can prevent further losses.
No one is buying cars, 1.2 million jobs lost since Nov. 1. and since then nearly 50,000 more jobs lost. Xmas season is already predicted as dismal--Circuit City already pulling out before their busy season starts, same with DHL express, slashing 9500 jobs.
Another $1800 or $2k check......will only delay the inevitable for most.
| Member Comments | Total Comments: 13 |
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NervousWill
Nov 10, 2008 | 5:10 PM |
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flyover_mark
Nov 10, 2008 | 7:30 PM |
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BlueSpringsRealtor
Nov 10, 2008 | 8:37 PM |
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gimini210
Nov 10, 2008 | 9:36 PM |
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sweethart
Nov 11, 2008 | 4:07 AM |
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mpvan
Nov 11, 2008 | 12:43 PM |
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NervousWill
Nov 11, 2008 | 1:50 PM |
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jpbikerfreak
Nov 11, 2008 | 3:02 PM |
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NervousWill
Nov 11, 2008 | 4:51 PM |
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jpbikerfreak
Nov 11, 2008 | 5:00 PM |
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spellcheckman
Nov 12, 2008 | 2:36 PM |
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spellcheckman
Nov 12, 2008 | 6:47 PM |
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spellcheckman
Nov 19, 2008 | 7:24 PM |
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An old athlete. Member of Mensa and the Procrastinators club. Never can make it to the Mensa meetings! Electrical/Mechanical engineer who made some money on a patent most everyone uses. Part time English teacher, (sub) Exotic car nut, Porsche, Ferrari TR512 (Boardwalk Motors, Dallas) and C6 Corvettes. Not Liberal or conservative but has views per the topic. Views do not neatly group me into either label. Neither of which I judge to be bad. Disciple of George Carlin. Do not vote for anything or fill out surveys, or belong to a "church." Usually sees both sides of a story and will take the opposite side for argument and thinking purposes.
Member Since: 7/29/2007