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They just announced a quarterly loss of 17 billion dollars with the b. Watch me pick my buns up and run
That normally happens when you loose a boat load of oil in the gulf, you sign up to pay billions of dollars out in compensation, lose tons of business from people protesting your gas, and spend a boatload on PR.
So, what happens when this blows over, and it will? How long do you think this is going to stick to the teeth of a population that lines up every few months to buy a new version of the I-phone?
Im thinking, as long as the gulf gets contained, the population will be done with it within 3-6 months, and it will be history like how people talk about Valdez.
Everything that is happening to BP right now is tied to the Gulf, and is not a long term problem. If you are investing for the longer term, you have to take that in to consideration.
You can't look at just one day... The improving economy will have lots of dips and upturns (but the major trend will be upwards)
NYT reported yesterday that the nations growth is slowing quite a bit. As a matter of fact, it will most likely feel like a recession in the latter half of this year. Jobs creation hasn't been what was expected, among other things.
NYT reported yesterday that the nations growth is slowing quite a bit. As a matter of fact, it will most likely feel like a recession in the latter half of this year. Jobs creation hasn't been what was expected, among other things.
Well, there is good news in that, everyone who couldnt get in to the insane buy points of Spring 2009 may get a second once in a life time opportunity.
NYT reported yesterday that the nations growth is slowing quite a bit. As a matter of fact, it will most likely feel like a recession in the latter half of this year. Jobs creation hasn't been what was expected, among other things.
Wall Street rallies on earnings and manufacturing data - Yahoo! Finance (http://finance.yahoo.com/news/Stock-futures-rise-on-rb-2981667877.html?x=0&sec=topStories&pos=main&asset= &ccode= - broken link)
Wall Street rallies on earnings and manufacturing data - Yahoo! Finance (http://finance.yahoo.com/news/Stock-futures-rise-on-rb-2981667877.html?x=0&sec=topStories&pos=main&asset= &ccode= - broken link)
BAM!
I wouldnt be so quick on that, tomorrow there will probably be something that comes out that makes the market drop 150 pts. Im actually expecting it. The market is due for a significant down blip. Just look at the Dow chart, this looks eerily like the markets before the early July sell off. I would say there is some possibility it might rally a few more days this week, might see 10,800, but Im guessing its down to about 9,700-9,800 by mid month before closing out at about 10,700.
Historically, August is a gain month, and historically, it tends to follow July, but, the gains are low, and the Dow is already up 1.75% today, which is well over the average August gain months.
Logically, the market has picked up way too much steam in the past couple weeks, and the profit takers will be circling at any point now.
I'm continuing to latch on to XOM. Barrons put out a target price of 85-90 bucks towards august and September. Will it even reach 65
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