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Wall Street Poised to Get a Reality Check
fox news ^
| Saturday, April 12, 2003
Posted on 04/12/2003 9:00:17 PM PDT by DeaconBenjamin
Edited on 04/22/2004 12:36:06 AM PDT by Jim Robinson.
[history]
NEW YORK
(Excerpt) Read more at foxnews.com ...
TOPICS: Business/Economy
KEYWORDS: wareconomy
This should be an interesting week for financial posts.
To: All
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2
posted on
04/12/2003 9:00:54 PM PDT
by
Support Free Republic
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To: arete
Please share with your PING list.
To: DeaconBenjamin
4
posted on
04/12/2003 9:03:01 PM PDT
by
nanomid
To: DeaconBenjamin; bvw; Tauzero; Matchett-PI; Ken H; rohry; headsonpikes; RCW2001; blam; ...
Ping to the (un)usual suspects.
Richard W.
5
posted on
04/12/2003 9:24:56 PM PDT
by
arete
(Greenspan is a ruling class elitist and closet socialist who is destroying the economy)
To: DeaconBenjamin
I am not part of the fundraiser here. Just an ordinary American, who believes in individual Liberty, and Freedom.
I guess I've been around here for about 5 years or so now. Time sure flies!
When Jim Robinson started this site, it was because he was fed up with the liberal media, and how they would not let people worldwide know about the corruption of the Clinton Administration. A few of us, equally concerned, (with great luck) found it fast.
In the early days, FR was a day-to-day operation, always on the brink of bankruptcy. Jim kept on, and we chipped in when it became too much. We knew how important this site was, and is. Sometimes, it came down to the wire, and we wrote checks, and sent them in, as best we could.
Look at it now. We all get our best information from this site. It is huge, with thousands of posters, and millions of readers. Yet Jim still keeps it alive because of his conviction, and he is absolutely NOT making a profit on it. He just believes. As do we.
BTW, did you know that the founder of this site is in a wheelchair (sorry Jim; I know you think it doesn't make a r*ts a$$ difference. Hey, some folks out there need to come down a peg, like I have.).
Think of it! In the darkest days of the Clinton Administration, there was a lone internet site where people with integrity, brains, and sheer gumption could discuss the dangers faced by the US. Not on CNN, for sure.
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The opposition checks it out, too. Like the NY times staff, CNN, etc. Trust me, they all come here to read. Even YOUR post. You know by now how they are whining about Rush? We're next, as soon as they figure out how they can trash this site without it getting a million hits.
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6
posted on
04/12/2003 11:23:00 PM PDT
by
MonroeDNA
(Communists & Socialists: They only survive through lies.)
To: DeaconBenjamin
Stock Market going to really start to slide
when at some point it realizes that
Iraq has come and gone and no the reason
the economy is weakening is not Iraq, Saddam
or Bin Landen and the worst of the problems
are ahead of us.
The economy is in trouble because of
a Government that is way too big, spends
too much and taxes too much and
a big business community that is in bed
with big government and has become
very corrupt like the government and gets big subsidies
form the goverment as the payback for
taking care of the crooked politicians
of both parties. And the government
looks the otherway as the big business
breaks the fraud laws and anti-trust law
and in general rips off the consumer.
form the government
To: DeaconBenjamin
With the Iraq war mostly behind Wall Street, investors will get a reality check in the holiday-shortened week ahead when some of America's biggest companies such as IBM and Intel hand in quarterly scorecards. The grades may not be that good.Of course the grades won't be good. The economy was trashed leading up to the war. These reports lag somewhat and are SUPPOSED to be bad.
The clear winning of this 'unwinnable' war is going to prove to be a great boon to the economy. Within several days of the war going well, the hiring managers began hiring again, and I personally will be starting with a major multinational corporation in about two weeks at a high rate of pay.
The economy is creaking back to life, and I am anecdotal evidence of that.
8
posted on
04/15/2003 7:47:22 AM PDT
by
Lazamataz
(I have learned, over the years, to NEVER assume ANYTHING..)
To: DeaconBenjamin
I find it hard to be bullish with SARS still not under control.
9
posted on
04/15/2003 7:50:14 AM PDT
by
TBall
To: TBall
I find it hard to be bullish with SARS still not under control.Personally, I refuse to invest one more dollar until they cure post-nasal drip.
Or liberalism. If they cure liberalism, I will invest heavily -- and then I will only invest in companies who emit thick, acrid, choking black smoke from massive smokestacks; who dump millions of gallons of oily sludge into pristine lakes; and who strew thousands of tons of solid waste along our most beautiful interstates.
I live to see more pollution.
10
posted on
04/15/2003 7:58:46 AM PDT
by
Lazamataz
(I have learned, over the years, to NEVER assume ANYTHING..)
To: Lazamataz
There is nothing funny about a monkey screwing a football.
11
posted on
04/15/2003 8:03:39 AM PDT
by
TBall
To: Princeliberty
And the government looks the otherway as the big business breaks the fraud laws and anti-trust law and in general rips off the consumer. I disagree. The fraud and corruption in the Clinton years has been largely 'digested'. While many perps go unpunished, the practices are not as prevelant as they were. A fish rots from the head down, and Clinton's lawlessness inspired many other powerful people to emulate him.
There's a new sheriff in town. Lawlessness will no longer be tolerated. Sure, you will find anecdotal acts of fraud and so on, but you won't see it on anything like the scale you saw it in the 1990's.
The near dissolution of Arthur Andersen accounting put other firms on notice -- "don't try this yourself".
no the reason the economy is weakening is not Iraq
I disagree. The market and the economy hates uncertainty. I can sense a palpable sigh of relief now that the war went so well. I have seen all sorts of signs that the economy is picking back up.
12
posted on
04/15/2003 8:04:47 AM PDT
by
Lazamataz
(I have learned, over the years, to NEVER assume ANYTHING..)
To: TBall
There is nothing funny about a monkey screwing a football.You win.
I cannot possibly top that. :^D
13
posted on
04/15/2003 8:05:41 AM PDT
by
Lazamataz
(I have learned, over the years, to NEVER assume ANYTHING..)
To: MonroeDNA
Earthmovers like Drudge, Ann Coulter, Rush, WFBuckley, his brother, Savage, Buchanan, both houses of Congress (many) check in to see what we think.Don't EVER leave the lovely and gracious, Barbara Olsen, off the list of powerful pundits. Though she may be gone, she is not forgotten -- at least not by me....
14
posted on
04/15/2003 8:09:13 AM PDT
by
Lazamataz
(I have learned, over the years, to NEVER assume ANYTHING..)
To: Lazamataz
You're right, Laz.
I need to edit it--wrote it many moons ago.
15
posted on
04/15/2003 3:39:02 PM PDT
by
MonroeDNA
(Communists & Socialists: They only survive through lies.)
To: MonroeDNA
Monthly donations are great! And painless. Just pick a number, any number (the higher the better, of course...).
16
posted on
04/15/2003 3:41:07 PM PDT
by
livius
To: Lazamataz
No you have only begun to see the tip of
the corporate corruption. When the
economy really goes so much more fraud
will come out.
This is not a market failure, its the
government's fault. The government
rules against corporate raiders made
it virtually impossible to hold
the CEO accountable.
Sorry, the new sheriff taking the
big green too! And the new
sheriff not cleaning anything up.
Government's growing faster than anytime since
LBJ. The more its grows the more it
consumes available credit. So in
the long run despite Greenspan interest
rates will go up.
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