Topstockblog

Blogging to add value. Sharing and discussing helpful websites, money, stocks, etc.

Stock market crashes, and links. Will the market rebound?

Stock market looks poised to crash again December 12th as a $50 billion dollar ponzi scheme is exposed.  Jim Cramer has called out the Securities and Exchange Commision for failing to enforce the law, failing to stop market manipulation and conspiracy by hedge funds out of control.   The markets unfriendly nature is driving money out of the market and keeping participation low.   The job picture is also getting worse with jobless claims hitting a 17 year high for unemployment benefits filed in a single week at 577,000 new applications.   

Stock market crashed 444 points November 20th 2008 to Dow 7500 today, and looks poised to go lower as the market rarely bottoms on a Thursday.   Markets typically bottom on Monday morning.   Dow 6800 stands out in my mind as a low from the early 1990’s.  I believe that more accurately compares to the economic uncertainty facing the world going forward.  Jobless claims hit a 16 year high.  Possible even lower if any major unexpected   To be honest with the continued destruction of jobs around the world; complete disregard for balancing the budget or impossible task, and environmental concerns of the world it is hard to believe that change will not occur.  Karl Marx the socialist recognized as one the great minds of Economic study predicted capitalism would come to an end as the capitalist systems fails to be able to meet the worlds needs. 

   This types of thinking typically occurs along side of great fear in people at the bottom of capitalist markets; but, this time may be different.  Technology advancements have allowed us to do so much more with so much less.  The work of one hundred men can be done by one man in many areas of business.  So clearly a more responsible society would disregard or accommodate business’s that continue to allow us to raise standards of life while achieving sustainability with the environment.  In order  not destroy the planet for future generations.  Many corporations across a wide spectrum of industries are closing up shop or will in the next twelve month’s due to negative margins and a negative market out look.  

 October 10th 2008 comments – Why does the market crash every day? The market can go to zero.  If people  want the money, and the system becomes insolvent.  Stocks can go much lower.  Cities ask when will the credit markets reopen for city bonds.  That is laughable in a way.  Why would someone buy debt in a system that is capital isolated, and losing money increasingly as far as the eye can see?  Stocks that make profits should hold Steady here.  IBM looks way undervalued.  I like Buy IBM at any price, even though,  all stocks go down in a bear market.  With a few exceptions.  Government can step in and manage stock assets in ways that business has failed to do or better align interests in ways that make more sense.  The American government has proposed taking a 79% ownership in the new AIG corporation.   Other than the $440,000 part executives threw to celebrate the recent loans.  Topstockblog see the moves as halfway sensible  with the government ownership.   Why do we have to pay for houses forever?  We don’t.  Why doesn’t George send checks to all Americans.  He has authorization to sign the checks.  A most diversified society is the best one.  That is the American dream.  What are constitutional signers agreed to value above, and beyond greed.

 

(Original June 6th 2008 post) The  U.S. stock market crashed nearly 400 points today http://www.yahoo.com/s/895280  (Friday June 6th. 2008).   The largest increase in jobless claims increase in 22 years, and oil per barrel rising $10 in a single day.  Given the large amount of the increase in oil today, and over the last year oil is probably going much higher.

The stock market was up 200 points yesterday.  Some people had become more bullish on the market going forward with Carl Ichann a major investor reiterating his wish to sell yahoo at a premium of $32.  Interestingly Carl seemed to think $32 was a fair price in part because of the effects of inflation in the future making the premium of $32 a fair price.  Some investors jumped at his latest comments that sent the market up 200 points were now caught long.  The market always is challenging.  Historically the market is very volatile with inflation in the water.

 The Kirk report http://www.thekirkreport.com/    talks about the likely hood of further weakness.  The bottom that many hoped was set in March is probably not the bottom.   With so much trouble in the world and major support being broken putting big doubts in the theory.     I expect more investors piling into oil and out of stocks Monday.  I think the low could be set Monday if the sell off is big enough or some time in the next couple of weeks.

Entertainment purposes,

December 12, 2008 Posted by | Stock investing links, ideas, and opinions. | , , , , , , , , , , , , , , , , , , , , , , , | 3 Comments

Oil money will continue to flow west as predicted by George W. Bush

George W. Bush indirectly or directly went into Iraq to protect American business interests.  Iraq just opened bidding on oil production  for short term oil production.  Congratulations to the people of Iraq in moving the hard way towards good judgement as a nation. The money from Oil will help the Iraqi people financially.  Helping the people of Iraq do better financially and long term will help America make friends with Iraq in my opinion. The short run bid action is expected to give a major longer term advantage to big Western + European oil.  Iraq is already dealing with major corporations that are based in the United States.  Iraq is expected to double oil production by 2013. With Exxon, BP, and maybe even Haliburten getting a piece of the money along with over 35 others corporations from around the world.

In other news Iraq’i people are suing corporations who paid Iraq kickbacks, pharmaceutical company, and Australian exporter to get damages for millions of dollars paid in kick backs in the oil for food programs.  Violence is down in the middle east, and expected decline further as peaceful Iraqi people take control in a moderate way. 

I compare this to United States politicians being elected or fired by a responsible electoral voting public.   A voting United States public that will full fill it’s responsibility to live in a sustainable world that is responsible, and successful. Blogging on the Internet continues to fill voids where honest information can solve, and prevent real world problems

This could dent oil prices in the short run, and be very volatile over the remainder of the year responding to actual events in real time. This should build confidence in stocks; Iraqi currency, and the United States dollar. Weakness could materialize in all types of commodities as Iraq achieves mile stones in production, and an over supply of Oil could develop.

I do not give blind justice to leaders, and hope lawsuits force corporations to act thoughtfully towards people, and the environment.   Lawsuits are being filed against private contractors who tortured prisoned inmates inside Iraq. I support peace, careful communiction, sustainability, understanding, and the good judgement required to get there.

Entertainment purposes,

June 30, 2008 Posted by | American Politics and Policy Ideas, Stock investing links, ideas, and opinions. | , , , , , , , , , , , | Leave a comment

Brushing up on my stock watch lists and website programing…challenging work

Staying busy working on Topstockblog articles including citing sources, staying up to date on stock developments, checking spelling, and providing links is a challenge. Word Press is allowing me to learn more about website programing. Learning the basics takes trial and error. Lots of time to practice. I find and hope to share my experiences searching the net and publishing to connect with the world.

Blogging has given me an opportunity to spend my time more equally.  I read the market was over sold on the Kirk Report (highly recomend joining for a donation of $50 a year;) and decided to do some hunting for stocks that look interesting here.  Oil gets more dicey as the price moves higher; but, I imagine that will continue as supply is tight, and not alot of plans in the works to change that.  With out doing to much research with a real short perspective I like RTH, QQQQ, and AUY. With a longer perspective I would still play any stocks in my buy list that fall within my buy signals for my 50 DMVA system.  I found a new stock I will add to my watch list AEHR a technology play with growth opportunities over the next six months.

A special thanks to all readers and other website programmers. I send my concern to China that has had many dangerous earth quakes in recent weeks.
 

Entertainment Purposes only,

 

 

June 12, 2008 Posted by | Uncategorized | , , , , , , , | Leave a comment

Link to T. Boone Pickens interview on Oil

(Update July 23rd, 2008) T. Boone Pickens a billionaire oil man has a self paid comercial running on CNBC calling for America to get off oil as soon as possible with Wind and Solar power combined with energy saving technology, and changing behavior.  Serious challenge of our century.

(Original post May 14th) Surfing the net and I found an interesting interview. KirkReport.com a reputable stock market website often display many links to market related stories from other reputable stock market websites.

T. Boone Pickens has liked oil in the past, and I can’t wait to check out his current view point on oil.

http://paul.kedrosky.com/archives/2008/05/09/great_t_boone_p.html

May 14, 2008 Posted by | Stock investing links, ideas, and opinions. | , , , , , , , , , | 1 Comment

Ten year peace agreement in the Middle East bad idea between Israel and Hamas

   Ten year peace agreements between Israel and Hamas is a bad idea in my opinion.   Any aggreement that is not ever ending as intended.  Is a waste of time.   Ten years is worthless than a good fight now.  I morrally oppose war; but, approve of a war for ultimate victory if peace can not be achieved looking far into the future. Moderate viewpoints and understanding of those with different view points all have to do with a good future. Per se a good direction to move in. I read a proposal that ends the conflict reasonable between Israel and Palestine.

   We are all humans of different values, wants, needs, thoughts, sizes and shades.  As such we should respect these differences. Biodiversity offers much hope to the future in meeting all unforeseen needs and contributions of others.
Israel has contributed great to both the well being of the world and rath of hate as religous forces have battled for centuries in an attempt to dominate societies. All the failure of violence to bring peace should be learned from and avoided in the future with acceptance of other cultures. With respect for human and property boundaries. Life has much beauty to be shared and worked for with careful decisions.  All people have value and need to be respected as such. Equally the environment is a concern.  All balanced
Humans can learn from the past.  Much of the past agreementslike the United Nations and modern world governments holds the answers learned from experience.  We have the structure and need compromise to work out the differences.  The great wealth of Oil in the middle east has led to a never ending fight.   The spreading of technology, health care, food, shelter, and happiness need to be  the targets of all people.  I call on all religious preachers, practices, and non applicable peaceful parties to cooperate with good will.one another.  To share earned efficiencies and apply considerate minimum goals to make the most of the world.  Deliver jobs, housing, responsibility, religious freedom, careful boundaries, sustainable trade, and environmentally friendly goals.   

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April 24, 2008 Posted by | American Politics and Policy Ideas | , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments