Markets down over 300

[djAdvocate]

this market needs to go way down to make it attractive in terms of valuation.

[Value Buy]

Tomorrow's market will be interesting Japanese market opened down about 4%. Shanghia opened down 2.4% and if that holds, and Europe opens up sharply down, after we release employment numbers of less than 50,000 increase, we could see a blow out downward spiral.

Then again, some pundits are saying today's market already baked in the jobs report, so we could see a rebound tomorrow morning.
Myself, I am scouring some dividend paying companies in the 4% range for an entry point tomorrow morning. I am the proverbil glutton for punishment.

[verrip1]

How high's the water, momma?
Well, it's four foot high & rising.
How high's the water, poppa?
Well, it's four foot high & rising.

How high's the water, momma?
Now it's five foot high & rising.
How high's the water, poppa?
Now it's five foot high & rising.

Well, the rails are washed out north of town,
we gotta head for higher ground,
we can't come back till the water goes down.
Five foot high and rising.

Well, it's five foot high and rising.

[strum]

[floridayankee]

Aug 4, 2011 15:28:37 GMT -5 Angel! said:

Are you saying local farmers will start selling beef & lettuce overseas because they can get a higher price? That is the only way I could see there being a local shortage.

I can't speak for cattle ranchers but my BIL is in the hog business. In order to compete with the "too big to fail's" most small, local farmers are part of a co-op that negotiates prices with various buyers on behalf of the farmers. Some are likely foreign buyers that will make the purchase and arrange for the processing and/or shipping.

[cme1201]

Aug 5, 2011 7:56:32 GMT -5 floridayankee said:

Aug 4, 2011 15:28:37 GMT -5 Angel! said:

Are you saying local farmers will start selling beef & lettuce overseas because they can get a higher price? That is the only way I could see there being a local shortage.

I can't speak for cattle ranchers but my BIL is in the hog business. In order to compete with the "too big to fail's" most small, local farmers are part of a co-op that negotiates prices with various buyers on behalf of the farmers. Some are likely foreign buyers that will make the purchase and arrange for the processing and/or shipping.

Beef market would also have to take into account rises in feed corn, the more it costs to fatten cattle for market the more you have to ask for the flesh to cover the cost.

[Mkitty is pro kitty]

Bush really was out of office after the 2006 elections when the dems took control of both houses. So it really has been six years since he was in office.

So since the Republicans control the HoR and can filibuster anything in the Senate, we can safely say Obama was really out of the office since Jan. 2011. Check and mate. *

Also for a person who whines about "no intelligent conversation" here, it's rich how a simple concept as a veto seems to elude you.

This goes along with Clinton signing in NAFTA** as if it magically appeared on his desk one day. And this all goes with Conservatives want to take charge, but don't want to take responsibility for anything.


*I don't believe anyone was "out of office," but when in Sillyville...
** yes, Clinton shouldn't have signed it. Wow, what's so hard about it? Can any of you Conservatives explain why you have such a problem admitting to anything?

[Deleted]

Aug 5, 2011 11:28:30 GMT -5 Mkitty is pro kitty said:

Bush really was out of office after the 2006 elections when the dems took control of both houses. So it really has been six years since he was in office.

So since the Republicans control the HoR and can filibuster anything in the Senate, we can safely say Obama was really out of the office since Jan. 2011. Check and mate. *

Also for a person who whines about "no intelligent conversation" here, it's rich how a simple concept as a veto seems to elude you.

This goes along with Clinton signing in NAFTA** as if it magically appeared on his desk one day. And this all goes with Conservatives want to take charge, but don't want to take responsibility for anything.


*I don't believe anyone was "out of office," but when in Sillyville...
** yes, Clinton shouldn't have signed it. Wow, what's so hard about it? Can any of you Conservatives explain why you have such a problem admitting to anything?

Because in your previous posts you have said things like "only in your head" so I usually don't bother replying. I mean really what's the point. You might as well be jumping up and down saying na na - na na na. Like an elementary school kid.

[Savoir Faire-Demogague in NJ]

So since the Republicans control the HoR and can filibuster anything in the Senate, we can safely say Obama was really out of the office since Jan. 2011. Check and mate

Repubs did not have enough members in the Senate to filibuster.
Dems control two branches of govt.

[deziloooooo]

Aug 4, 2011 13:17:19 GMT -5 midjd said:

Me too, Angel! Actually (and this usually bugs me) our 457 contributions are only made once per quarter, and they are going in tomorrow. Great timing! Unless it drops another 300 points per day for a few months...

I usually log into my Schwab account around lunchtime just to see what's up... today I took one look and exited out. Scary. I've only been in the market for about a year now and this is definitely the worst day

My only suggestion is , and am retired , and have had investments , mostly funds for say at least 25 years..don't bother looking so much...unless your a trader...it goes up, goes down..think roller coaster , and the good thing is..if you reinvest..re shuffle every now and then but really rarly..the roller coaster always seems to be a higher one when all the dust settles...over time.

[billisonboard]

Aug 5, 2011 12:15:23 GMT -5 Savoir Faire-Demogague in NJ said:

Repubs did not have enough members in the Senate to filibuster.
Dems control two branches of govt.

In the United States Senate, rules permit a senator, or a series of senators, to speak for as long as they wish and on any topic they choose, unless "three-fifths of the Senators duly chosen and sworn"[35] (usually 60 out of 100 senators) brings debate to a close by invoking cloture under Senate Rule XXII. (emphasis added) en.wikipedia.org/wiki/Filibuster#Senate

Affiliation, Members. Democratic Party, 51. Republican Party, 47 .... en.wikipedia.org/wiki/List_of_current_United_States_Senators

Takes one to filibuster, 60 to end a filibuster.

[BeenThere...DoneThat...]

>>> Takes one to filibuster, 60 to end a filibuster. <<<

...and it took Jimmy Stewart to make me watch one...

[Savoir Faire-Demogague in NJ]

Affiliation, Members. Democratic Party, 51. Republican Party, 47 ....

That is the breakdown now. Repub congressmen don't engage in juvenilte antics anyway.

Prior to the last election the breakdown was:
Currently, in the House of Representatives, there are 261 Democrats (including five Delegates
and the Resident Commissioner) and 180 Republicans. The Senate has 57 Democrats; two
Independents, who caucus with the Democrats, and 41 Republicans

www.senate.gov/CRSReports/crs-publish.cfm?pid=%260BL)PL%3B%3D%0A

[djAdvocate]

Aug 4, 2011 14:23:21 GMT -5 AgeOfEnlightenmentSCP said:

Well, kids- the end is not near.

It's here.

The full blown meltdown began in May. I said earlier than that that the US had several weeks to a few months to dramatically turn around the fiscal situation- emergency, permanent tax relief; immediate cuts back to 2005 - 2008 levels of spending...

We didn't, and now with the Yen in full out collapse; and the EU financial disaster coming home to roost, combined without our obvious, unrepentant reckless spending-- we're at the tipping point.

I said we'd cut spending or it would be cut for us. I'm sorry that we've chosen the latter.

Buckle up. It's gonna be a bumpy ride.

Did you buy food? You probably have a week or so to get it done.

you sound like all of the Y2K people. they were wrong. you will be, too.

[billisonboard]

Aug 5, 2011 12:58:26 GMT -5 Savoir Faire-Demogague in NJ said:

Affiliation, Members. Democratic Party, 51. Republican Party, 47 ....

That is the breakdown now. Repub congressmen don't engage in juvenilte antics anyway.

Rand Paul Vows To Filibuster Everything Until Senate Debates Debt ...
thinkprogress.org/politics/2011/.../rand-paul-filibuster-debt-ceiling/ - CachedRand Paul Vows To Filibuster Everything Until Senate Debates Debt Ceiling

Open Left:: Coburn filibustering unemployment extension, Dems ...
www.openleft.com/.../coburn-filibustering-unemployment-extensio... - CachedMar 25, 2010 – Tom Coburn is currently filibustering an extension of unemployment and COBRA benefits. The current extension ends on April 5th. ...

Bunning filibuster ends, jobless benefits will be extended ...
thehill.com/.../84641-bunning-filibuster-busted-job-benefits-extend... - CachedSimilar
Mar 2, 2010 – Jim Bunning's (R-Ky.) two-day filibuster of unemployment benefits and highway projects across the country, although nearly two dozen Senate ...

Prior to the last election the breakdown was:
Currently, in the House of Representatives, there are 261 Democrats (including five Delegates
and the Resident Commissioner) and 180 Republicans. The Senate has 57 Democrats; two
Independents, who caucus with the Democrats, and 41 Republicans One more than necessary to prevent cloture

www.senate.gov/CRSReports/crs-publish.cfm?pid=%260BL)PL%3B%3D%0A

[Savoir Faire-Demogague in NJ]

You've posted two good filibusters that killed lousy legislation.
Fact is, the economy, financial market and job market has tanked since the dem party took over in Jan 2007. Only recently have the pubs been able to reel in an out of control dem party that still controls two branches.

[floridayankee]

Aug 5, 2011 12:58:26 GMT -5 Savoir Faire-Demogague in NJ said:

The Senate has 57 Democrats; two
Independents, who caucus with the Democrats, and 41 Republicans

That's how the 111th congress ended up, but you're forgetting Senator Brown. At one point, repubs did not have enough in the senate to filibuster.

Brown's victory has powerful ramifications for Obama's agenda. The GOP state senator, once sworn in, will break the Democrats' 60-vote, filibuster-proof majority in Washington. This creates problems for proposed legislation ranging from financial regulatory reform to cap-and-trade.

[billisonboard]

Today at 10:15am, Savoir Faire wrote:
Repubs did not have enough members in the Senate to filibuster.
...

Proven wrong so:

Today at 10:58am, Savoir Faire wrote:.... Repub congressmen don't engage in juvenilte antics anyway.

Proven that they do engage in filibusters so:

Aug 5, 2011 13:25:46 GMT -5 Savoir Faire-Demogague in NJ said:

You've posted two good filibusters that killed lousy legislation.
...

[floridayankee]

Aug 5, 2011 13:47:42 GMT -5 billisonboard said:

Today at 10:15am, Savoir Faire wrote:
Repubs did not have enough members in the Senate to filibuster.
...

Proven wrong so:

Ignoring history again bills? Repubs were down to 39 at one point in 2009. Just because they ended the session with 41 doesn't mean they always had 41.

[billisonboard]

Aug 5, 2011 13:58:00 GMT -5 floridayankee said:

Aug 5, 2011 13:47:42 GMT -5 billisonboard said:

Proven wrong so:

Ignoring history again bills? Repubs were down to 39 at one point in 2009. Just because they ended the session with 41 doesn't mean they always had 41.

Okay, let us review what was posted:

Aug 5, 2011 12:15:23 GMT -5 Savoir Faire-Demogague in NJ said:

So since the Republicans control the HoR and can filibuster anything in the Senate, we can safely say Obama was really out of the office since Jan. 2011. Check and mate
Repubs did not have enough members in the Senate to filibuster.
Dems control two branches of govt.

So note that the reference is to"since Jan. 2011". Also note that the statement was that "not enough members in the Senate to filibuster." Since January 2011, Republicans have had the one member necessary to filibuster. They have also had the votes, since January 2011, to prevent cloture.

_{But of course, I would be "ignoring history" if I didn't point out that the "Repubs did not have enough members in the Senate to filibuster" in 1854. However since then, they have always had enough members to do so}.

[safeharbor37]

Well Billison,
If the Democrats require veto proof majorities in both Houses of Congress to support their President, they're a piss poor party. That is a condition which is very rare, but when it does occur, it is almost always the Democrats who have it. I don't think I recall a Republican President with veto proof majorities in both Houses, but maybe I forget.
A split government with one or more Houses of Congress not of the party of the President is generally considered the best arrangement ~ and that's exactly what we have now. President Bush and a Republican Congress wasn't anything to write home about ~ nor was President Obama and veto proof majorities in both Houses.
The Democrats are in control, have been for over two years and they will be held accountable for what happens. Obama's only hope is that he can hoodwink the American people like FDR.

[billisonboard]

Aug 6, 2011 16:26:19 GMT -5 safeharbor37 said:

Well Billison,
If the Democrats require veto proof majorities in both Houses of Congress to support their President, they're a piss poor party. ...

I'm not a member of any organized political party, I'm a Democrat! - Will Rogers

A very piss poor party: Individualistic, free thinking, tolerant of diverse opinions. Not even close to a lockstep group requiring obedience to the party line.