Comments on: March 2009 Market Review http://www.noquarterusa.net/blog/19736/march-2009-market-review/ Fri, 25 May 2012 16:16:00 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: Peggy Sue http://www.noquarterusa.net/blog/19736/march-2009-market-review/#comment-1170275 Peggy Sue Thu, 02 Apr 2009 05:39:55 +0000 http://www.noquarterusa.net/blog/?p=19736#comment-1170275 Hi Larry! Personally, I have a very queasy feeling about where this is all going. I do not trust the uptick in the stock market. In fact, I think we're going to see a major dive, making the past lows look like something we wish were still around. None of this looks or feels good to me. It's like the calm before the storm. Those unemployment figures are already leaking out--bad, really bad at 700,000 + for the month. I just don't think we're being told the truth because the truth is too ugly and politically damaging. And that is something I really resent. Something really radical would be our representatives telling us the truth! Hello, we're grownups here. I hope I'm wrong. But I fear I'm not. Hi Larry!

Personally, I have a very queasy feeling about where this is all going. I do not trust the uptick in the stock market. In fact, I think we’re going to see a major dive, making the past lows look like something we wish were still around. None of this looks or feels good to me. It’s like the calm before the storm. Those unemployment figures are already leaking out–bad, really bad at 700,000 + for the month.

I just don’t think we’re being told the truth because the truth is too ugly and politically damaging. And that is something I really resent. Something really radical would be our representatives telling us the truth! Hello, we’re grownups here.

I hope I’m wrong. But I fear I’m not.

]]> By: CG http://www.noquarterusa.net/blog/19736/march-2009-market-review/#comment-1170155 CG Thu, 02 Apr 2009 00:33:54 +0000 http://www.noquarterusa.net/blog/?p=19736#comment-1170155 <a href="http://www.senseoncents.com/2009/04/hancock-tower-cut-in-half/" rel="nofollow">Hancock Tower Cut In Half</a> Hancock Tower Cut In Half

]]> By: termo http://www.noquarterusa.net/blog/19736/march-2009-market-review/#comment-1170125 termo Wed, 01 Apr 2009 23:28:03 +0000 http://www.noquarterusa.net/blog/?p=19736#comment-1170125 I disagree that we are in a rebound. First, I would use as a reference point for the market when Obama entered office: 8228.10. He is still 500 points from that benchmark. If Obama's budget (and some of the state budgets) goes through we will be seeing a spending/deficit explosion that will result in enormous inflation. At which point the the economy will relapse into a deep recession. I disagree that we are in a rebound.

First, I would use as a reference point for the market when Obama entered office: 8228.10. He is still 500 points from that benchmark.

If Obama’s budget (and some of the state budgets) goes through we will be seeing a spending/deficit explosion that will result in enormous inflation. At which point the the economy will relapse into a deep recession.

]]> By: LD http://www.noquarterusa.net/blog/19736/march-2009-market-review/#comment-1170105 LD Wed, 01 Apr 2009 22:48:35 +0000 http://www.noquarterusa.net/blog/?p=19736#comment-1170105 CMartin...it is widely speculated and accepted that our domestic banking system has anywhere from $500 billion to potentially $1.5 trillion in embedded losses on loans of all stripes. Don't expect credit to flow anytime soon. I tried to link to my story at Sense on Cents but was unsucessful. Read Hancock Tower Cut In Half to get more color on the shadow banking system. CMartin…it is widely speculated and accepted that our domestic banking system has anywhere from $500 billion to potentially $1.5 trillion in embedded losses on loans of all stripes.

Don’t expect credit to flow anytime soon.

I tried to link to my story at Sense on Cents but was unsucessful. Read Hancock Tower Cut In Half to get more color on the shadow banking system.

]]> By: CMartin http://www.noquarterusa.net/blog/19736/march-2009-market-review/#comment-1170103 CMartin Wed, 01 Apr 2009 22:39:41 +0000 http://www.noquarterusa.net/blog/?p=19736#comment-1170103 How can the private sector get jumpstarted? Since ou mentioned credit/lending, I know people with great credit who are not being allowed to borrow or refinance. Part of me is worried that banks may be worse off than we think. Yesterday or two days ago I was reading that something like 52 banks in WA state were facing troubles. Have we heard the worst about banks balance sheets? How can the private sector get jumpstarted? Since ou mentioned credit/lending, I know people with great credit who are not being allowed to borrow or refinance. Part of me is worried that banks may be worse off than we think. Yesterday or two days ago I was reading that something like 52 banks in WA state were facing troubles. Have we heard the worst about banks balance sheets?

]]> By: LD http://www.noquarterusa.net/blog/19736/march-2009-market-review/#comment-1170098 LD Wed, 01 Apr 2009 22:33:43 +0000 http://www.noquarterusa.net/blog/?p=19736#comment-1170098 I agree with Krugman. The global economic brakes don't bring the auto to a virtual complete standstill and have it turn the corner in the matter of what amounts to 6 months. The economy is seeing some of the benefits of all the govt dough that has been injected. Private sector is still comatose. I agree with Krugman. The global economic brakes don’t bring the auto to a virtual complete standstill and have it turn the corner in the matter of what amounts to 6 months.

The economy is seeing some of the benefits of all the govt dough that has been injected.

Private sector is still comatose.

]]> By: LD http://www.noquarterusa.net/blog/19736/march-2009-market-review/#comment-1170095 LD Wed, 01 Apr 2009 22:29:21 +0000 http://www.noquarterusa.net/blog/?p=19736#comment-1170095 My pleasure. The markets are benefitting from the govt bailout $$ but is that going to outlast the anemic activity in the private sector and lack of real credit. My pleasure. The markets are benefitting from the govt bailout $$ but is that going to outlast the anemic activity in the private sector and lack of real credit.

]]> By: CMartin http://www.noquarterusa.net/blog/19736/march-2009-market-review/#comment-1170094 CMartin Wed, 01 Apr 2009 22:28:32 +0000 http://www.noquarterusa.net/blog/?p=19736#comment-1170094 What's your thought on <a href="http://krugman.blogs.nytimes.com/2009/03/31/partying-like-its-1931/" rel="nofollow">Krugman's graph</a> showing a slight upturn in 1931? If you happen to be in the job market it sure doesn't feel like things are getting better or stabilizing. If you believe <a href="http://www.adpemploymentreport.com/pdf/FINAL_Report_March_09.pdf" rel="nofollow">these numbers</a> (unemployment for March: 742,000), then it explains the frightened feelings many people have. Also, though the housing sales look good, <a href="http://www.calculatedriskblog.com/2009/04/construction-spending-declines-in.html" rel="nofollow">construction spending</a> in <i>non-residential</i> went down, in addition to residential. Are these numbers cause for concern, as Krugman speculates could be the case? What’s your thought on Krugman’s graph showing a slight upturn in 1931?

If you happen to be in the job market it sure doesn’t feel like things are getting better or stabilizing. If you believe these numbers (unemployment for March: 742,000), then it explains the frightened feelings many people have.

Also, though the housing sales look good, construction spending in non-residential went down, in addition to residential.

Are these numbers cause for concern, as Krugman speculates could be the case?

]]> By: oowawa http://www.noquarterusa.net/blog/19736/march-2009-market-review/#comment-1170043 oowawa Wed, 01 Apr 2009 21:29:29 +0000 http://www.noquarterusa.net/blog/?p=19736#comment-1170043 I just wrote a long question that was gobbled by the Almighty Spam Filter. At any rate, thank you for the informative article LD. I just wrote a long question that was gobbled by the Almighty Spam Filter. At any rate, thank you for the informative article LD.

]]> By: oowawa http://www.noquarterusa.net/blog/19736/march-2009-market-review/#comment-1170039 oowawa Wed, 01 Apr 2009 21:27:11 +0000 http://www.noquarterusa.net/blog/?p=19736#comment-1170039 Hi Larry. Good article--thanks. Here is something I have been meaning to ask you for some time: I like to read the comments on the Market Watch site, because they are funny, lively, and endearingly bearish. Anyway, the commenters there frequently invoke the PPT, or "Plunge Protection Team" as a shadowy government manipulator of the markets. Doing some research, I find that the PPT is another name for the Working Group on Financial Markets, which was created by Reagan after the "Wall Street Meltdown" of 1987. (See http://www.marketoracle.co.uk/Article464.html Anyway, I wonder. Is it possible that such a government "team" manipulates the markets from time to time, or is this strictly an urban legend of the Wall Street variety? I am suspicious. For example, I can see how the government would not want Mr. O to be embarrassed by a plunging stock market during the G20 meetings. What do you think? Hi Larry. Good article–thanks. Here is something I have been meaning to ask you for some time: I like to read the comments on the Market Watch site, because they are funny, lively, and endearingly bearish. Anyway, the commenters there frequently invoke the PPT, or “Plunge Protection Team” as a shadowy government manipulator of the markets. Doing some research, I find that the PPT is another name for the Working Group on Financial Markets, which was created by Reagan after the “Wall Street Meltdown” of 1987. (See

http://www.marketoracle.co.uk/Article464.html

Anyway, I wonder. Is it possible that such a government “team” manipulates the markets from time to time, or is this strictly an urban legend of the Wall Street variety? I am suspicious. For example, I can see how the government would not want Mr. O to be embarrassed by a plunging stock market during the G20 meetings. What do you think?

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