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Direxion Daily Financial Bear 3X ETF Message Board

  • mtokar2000 mtokar2000 Jun 21, 2009 6:13 AM Flag

    Bulls are sheeps!!!!

    I can see only 10 % msgs here bearish, the rest saying that the market will be going up. The TARP repayments news are good only for retail longs who thinks that this is good and buying, while big boys are selling. They returning TARP money only because they have no place to put them, because real sector of the economy is dead. They grabed this money 6 months ago for 'just in case scenario' and don't know what to do with them. For me the most significant sign that the economy is in the deep shit is, than I came to Manhattan after 4 months leave, I was in shock, walking on the Madison and 5th avenues and seeing almost on each block an empty space for rent or out of business signs. When did you see such things in areas like that in the last 20 years(I can't say more, because I'm only 36, but I think u didn't see it in 50 years)? Businesses were staing in lines for years to get such a place for rent in areas like that. Prepare for another tough time on the market, because without solid fundamentals this recent rally is only a bear market rally, which will end at any moment. Please prove me if I wrong

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    • The banks are also repaying the TARP funds to ensure their disgusting and insulting bonuses return... GS just announced their largest bonus payout ever! Criminals.... The bullish lemmings are truly blind/lazy idiots and they deserve what's coming....

    • Rally needs consumers to continue.

      Consumers are dead. Nordstroms located at "Fashion Show Mall" in Las Vegas was running one of their biggest annual sales this weekend. Store was totally dead and sales personnel informed us they had never seen it this bad. If a Nordie's sale won't bring out the consumers, nothing least for the discretionary spenders.

      • 1 Reply to quailrunrd
      • rally needs nothing but willing buyers of stock.. new money ..ponzi style.. it is not based on truth or reality, it is nothing but a market for stock...that is all it is, not a predictor, not an indicator or foward looking or any other bullshit they tell us, it is just a market where buyers and sellers meet.. as long as there are buyers and sellers it can go up forever...if this is not true, then when the economy drops why does gold go up? if it was an asset one would think that the better the so called economy the more one can afford to pay, the worse the economy the less they will long as buyers can be convinced that we are at the lows and on the way up soon, they will keep buying in the hope of, like you and i to get rich..err...get even. it is no mystery, the like you want to make money.. they are neither dumb or idiots, not more than you and i,.. that is what is driving the markets..

    • Banks are doing nothing except buying short term treasuries with money they are borrowing for next to nothing or getting free from the taxpayer. All reward - no risk. The secondary (perhaps primary) reason they are returing the gubmint's money money is to get the gubmint out of their knickers so they can pay themselves big bonuses for generating such great profits. This game will end soon too as the true value their assets eventually comes home to roost. Banks will fail in droves as the market drives interest rates higher due to treasury oversupply but there remains no real economic activity to earn real profits from.

    • short_people_got_no_business short_people_got_no_business Jun 21, 2009 8:10 AM Flag

      It's sheep just the same, but good post.

      I second that observation as I am also in
      Manhattan and I've seen for rent and for
      sale signs on the East Side near the UN
      and I've been there for 30 years.

      Even when there is a downturn in the economy
      for companies (even huge multinationals),
      there is usually money out there to buy
      up or rent out Manhattan prime real estate.

      You have to go back 60 years to get that kind
      of a crunch. Yes, it's the "D" word.

42.23+5.63(+15.38%)Jun 24 4:00 PMEDT