Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Baseball stadiums don't seem to be any emptier. Just the other nite, a purchase of 4 hot dogs, 2 beers and a soda cost over $70. This does not include the price of 4 seats. So, just who is paying to attend these games, the money is coming from somewhere.
Just want to add, the drop in BAC as I write this is pretty scary
down 15% fu9cken percent, holy cow, $13 Billion in market cap wiped out in hours.
Being sued for $10 Billion will tend to do that to one's market cap. The other $3 billion relates to general market mayhem (um, credit downgrade affecting the value of securities maintained on books of said company)
Lets see...Apple can't produce Ipads fast enough, has 78b in cash ready to spend..and you would worry about that stock dropping...
Oh yeah..P&G...guess everyone will just stop buying diapers and soap..
Guess you don't get out much either...people driving less? NOOO..people dining less?...not really....going to Disney..you betcha...
Times arent good but the impact of this recession isnt stopping people from keeping up a certain level of spending.
If demand for Ipads, Ipods, etc. dried up tomorrow, the value of the company would theoretically be $78 billion. Now, with all the shares outstanding that equates to what? $78 a share?. Well, if you bought the stock at 385 and suddenly it became worth 78 - would you say one should not worry that it could not occur - because it can....and at anytime.
In fact, it could go lower than 78 since part of that cash is not cash but rather securities and securities are only worth $ for $ when totally liquidated and is in hard US dollars in a bank account.
Sure the other companies produce goods that are in demand, however if costs were to manufacture continue to increase but sales decline or drop off because customers subsitute Pampers for Shoprite no-name diapers, can you say the value of P&G is still the same as it is today?
All things to think about - as in anything, the price you pay is important. Those who bought real estate in 2004/2005 forgot that principle and are literally paying for it.
Im not saying that apple couldn't take a hit from the economy. Im saying that this again is not the end of the world. The market will come back and good, stable, innovative companies will survive and thrive.
The market would go up a 1,000 points if OHopeless would dump Geithner.
Greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures, the essence of the evolutionary spirit.
Im not saying that apple couldn't take a hit from the economy. Im saying that this again is not the end of the world. The market will come back and good, stable, innovative companies will survive and thrive.
The market would go up a 1,000 points if OHopeless would dump Geithner.
Didn't you hear the news...Timmy signed on for another year and a half of pain after Ohopeless begged him to stay on and see us through Armageddon.
Baseball stadiums don't seem to be any emptier. Just the other nite, a purchase of 4 hot dogs, 2 beers and a soda cost over $70. This does not include the price of 4 seats. So, just who is paying to attend these games, the money is coming from somewhere.
Yep. A certain percentage of that is probably coming from credit cards (consumer debt) or from vendors or employers (comp seats and fringe benefits).
Lets see...Apple can't produce Ipads fast enough, has 78b in cash ready to spend..and you would worry about that stock dropping...
Oh yeah..P&G...guess everyone will just stop buying diapers and soap..
Guess you don't get out much either...people driving less? NOOO..people dining less?...not really....going to Disney..you betcha...
Times arent good but the impact of this recession isnt stopping people from keeping up a certain level of spending.
Like they say - you can't eat an iPad. Beyond that APPL goes with Jobs, I shudder to think what that company becomes long term without him... similarly, P&G hasn't cornered the market on diapers and soap. You will buy these things, but you don't need to buy them from them.
Discretionary spending is simply being carried by credit these days. It's not sustainable. I'm not trying to insinuate a cataclysm here - you won't get a beans n bullets collapse scenario from me. I just don't agree that equities have any short term upside and investors are running to commodities. You're seeing it play out and choosing to ignore it. It will continue unless The Fed intervenes and we both know how the Tea Baggers will feel about more easing. They'll stop it and the equities rout will continue as more and more flee to commodities.
Im not saying that apple couldn't take a hit from the economy. Im saying that this again is not the end of the world. The market will come back and good, stable, innovative companies will survive and thrive.
The market would go up a 1,000 points if OHopeless would dump Geithner.
Oh yes indeedy, I'd like to see him gone, if only for all the negative associations and suspicions of having compromised himself he's gathered to his name.
Why do so few folks view the past 'Good Times' as a temporary boom time? It was never meant to last, it was never the new norm, it was always unsustainable. Viewed that way, the current situation is a correction, a reaction to reality. True, the pendulum has a tendency to swing towards extremes, so periods of irrational exuberance and over-corrections are inevitable.
Imam: Have you heard anything I've said?
Riddick: You said it's all circling the drain, the whole universe. Right?
Imam: That's right.
Riddick: Had to end sometime.
-The Chronicles of Riddick
heh, Wisdom from Hollywood. Well, if actors can become governors and even Presidents...
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
)
