View Full Version : S&P 500 about to hit 1,000
AlterEgo
08-03-2009, 11:50 AM
From a low of 667 back in March. What a rally!
How do you feel about the economy these days? Do you think things are getting better? Do you see any sign of improvement at the businesses you work at?
Unemployment is still high, but it's a lagging indicator, and most likely the last economic indicator that will reverse... so are we out of the recession? Do you think Q3'09 GDP will turn positive?
N.
everyone saying we are out of the recession, but untill that unemployment numbers decrease and I get my bonus and raise that was passed over, im not getting too confident, :chuckle
you don't get out of a recession in a few months, and just back in march shit really bad,
but the investor confidence is a good sign and hopefully it continues
the dollar is still shit and thats no fun
jameznyhc
08-03-2009, 12:08 PM
with the type of spending. and only 5% of stimulus money spent this will be recovery like 1973/74 recession ..where printing so much money the inflation will be sick .. no real correction in housing, .. so it will be stagflation .. very weak growth maybe 1-2% a year and massive inflation .. and trillion dollar tax hikes next year when bush tax cuts expire will fuck us up bigtime
TheHipHopBillGates
08-03-2009, 12:40 PM
everyone saying we are out of the recession, but untill that unemployment numbers decrease and I get my bonus and raise that was passed over, im not getting too confident, :chuckle
you don't get out of a recession in a few months, and just back in march shit really bad,
but the investor confidence is a good sign and hopefully it continues
the dollar is still shit and thats no fun
the only reason we may technically be out of a recession is because there was such sharp contraction(about 6% q4 08 q1 09). A healthy economy usually has around 3% growth, we won't have anything like that and there will be no job creation for a while, honestly I think this is a short term rally because of the swift market drop as economic indicaters dont continue to improve significantly long term i think we will probably see erosion of a portion of this gain. Until there is job creation and then inflation portfolio's won't rebound to what they were.
eL FryEdo
08-03-2009, 01:26 PM
construction is up ... alot more work compared to last year around this time
metfan85
08-03-2009, 02:32 PM
construction is up ... alot more work compared to last year around this time
doesn't matter there is no one to fill the homes, or the malls being built. Construction is not what a healthy economy is built on, just like finance is not what a healthy economy is built on. Construction is the byproduct of a healthy economy but not when there are more homes than people to live in them.
For an economy to grow you need to produce something that creates wealth. Production is key and this country does not produce anything but debt and empty homes and ghost malls.
TheHipHopBillGates
08-03-2009, 04:33 PM
the only reason that construction might have seen a spike is because it was hit harder then most has probably double the unemployment then the national average, hence much less competition for the survivors.
doesn't matter there is no one to fill the homes, or the malls being built. Construction is not what a healthy economy is built on, just like finance is not what a healthy economy is built on. Construction is the byproduct of a healthy economy but not when there are more homes than people to live in them.
For an economy to grow you need to produce something that creates wealth. Production is key and this country does not produce anything but debt and empty homes and ghost malls.
bring back the textiles! :cheer
eL FryEdo
08-03-2009, 07:38 PM
doesn't matter there is no one to fill the homes, or the malls being built. Construction is not what a healthy economy is built on, just like finance is not what a healthy economy is built on. Construction is the byproduct of a healthy economy but not when there are more homes than people to live in them.
For an economy to grow you need to produce something that creates wealth. Production is key and this country does not produce anything but debt and empty homes and ghost malls.
i work for a general contractor in the city we're hired by businesses like Bank of america, NYU & Saks 5th avenue.
eL FryEdo
08-03-2009, 07:41 PM
the only reason that construction might have seen a spike is because it was hit harder then most has probably double the unemployment then the national average, hence much less competition for the survivors.
my company didnt take too bad of a hit although we did have to lay off a few people ... a few of our clients halted work that was planned and stuff like that but those same companies are starting up these projects now
Mathieu
08-03-2009, 07:48 PM
construction is up ... alot more work compared to last year around this time
Speaking of Construction, I know Vegas will hire 80,000 people to work on this new mega-casino resort. So it's a good sign at least for the construction area.
metfan85
08-04-2009, 07:02 PM
Speaking of Construction, I know Vegas will hire 80,000 people to work on this new mega-casino resort. So it's a good sign at least for the construction area.
how is it a good sign? the exsting casinos are empty and so will this one. it will just depress prices in the area, so much so that other casinos as well as this mega-casino will go bankrupt.
the one thing the US does NOT need is more construction of anything at all. Renovation, yes thats ok, but absolutely not any new construction.
Mathieu
08-05-2009, 04:04 PM
how is it a good sign? the exsting casinos are empty and so will this one. it will just depress prices in the area, so much so that other casinos as well as this mega-casino will go bankrupt.
the one thing the US does NOT need is more construction of anything at all. Renovation, yes thats ok, but absolutely not any new construction.
I am not going to get into the subject with you, because it's never gonna-end... so let's leave-it to that.
metfan85
08-07-2009, 03:38 AM
I am not going to get into the subject with you, because it's never gonna-end... so let's leave-it to that.
it'll end because I'm right lol
jameznyhc
08-17-2009, 10:21 PM
it'll end because I'm right lol
:lol
Mathieu
08-18-2009, 10:58 AM
it'll end because I'm right lol
no, because it will be a never ending story
metfan85
08-18-2009, 12:17 PM
no, because it will be a never ending story
no, because one sentence will end the conversation:
There are more houses, malls, casinos, towns than people to occupy them.
There is nothing else to say, at least nothing that will make sense.
tommy_guns
08-18-2009, 12:47 PM
no, because it will be a never ending story
ya man your 100 percent right if this were field of dreams but this is the real world. build and they will come doesnt apply.
casinos need people in them if no one is spending money no ones working there. Also 80,000 people for one casino in vegas?
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