What happened to all of the doom and gloom economic threads?

[koalabear]

Updated: 10/11/2011 03:47 ET
DOW 11,424.97 -8.21
NASDAQ 2,583.81 +17.76
S&P 1,196.77 +1.88

Market flat; traders bide their time

 

[koalabear]

at the bell.......

Updated: 10/11/2011 04:34 ET
DOW 11,416.30 -16.88
NASDAQ 2,583.03 +16.98
S&P 1,195.54 +0.65

 

[4est_4est_Gump]

Predictable C&P Tsunami, hand wringing and foot stomping from all of the 'right' sources.

It's bad.. BAD.. The end is just around the corner.. Be afraid! be very afraid!

But the Market went up over 300 points yesterday based on all of this bad news.

[voice=Annie]
"Tomorrow! Tomorrow! I love ya! Tomorrow! You're always a day away!"
[/voice]

NOW the market's a reliable metric?

Does that mean we crossed the 12K rubicon yet?

It Sims were in for stormy weather according to Nobel Laureate Sargent...

Of course, his wasn't as the Grand man of Peace, you know the assassin, the bomber, the ecoterrorist Obama...

 

[4est_4est_Gump]

I note I got no reply to my postings from the Nobel Economists...



... or the prediction that we are already in the double-dip U_D demanded we show him.

Speaks volumes.

 

[4est_4est_Gump]

Solyndra was such a good bet...


http://www.americanthinker.com/2011/10/shedding_some_light_on_solar_power.html

That's some economic genius, for Cloward-Piven...

 

[4est_4est_Gump]

More ECOnomic good news from the Obamanomics team:

How did a failing California solar company, buffeted by short sellers and shareholder lawsuits, receive a $1.2 billion federal loan guarantee for a photovoltaic electricity ranch project—three weeks after it announced it was building new manufacturing plant in Mexicali, Mexico, to build the panels for the project.

The company, SunPower (SPWR-NASDAQ), now carries $820 million in debt, an amount $20 million greater than its market capitalization. If SunPower was a bank, the feds would shut it down. Instead, it received a lifeline twice the size of the money sent down the Solyndra drain.

Two men with insight into the process are SunPower rooter Rep. George R. Miller III, (D.-Calif.), the senior Democrat on the House Education and Workforce Committee and the co-chairman of the Democratic Steering and Policy Committee, and his SunPower lobbyist son, George Miller IV.

Miller the Elder is a strong advocate for SunPower, which converted an old Richmond, Calif., Ford plant in his district to a panel-manufacturing facility.

The congressman hosted an Oct. 14, 2010, tour of the plant with company CEO Thomas H. Werner and Interior Secretary Kenneth L. Salazar to promote the company’s fortunes.

“The path to a clean energy economy starts here, in places like SunPower’s research and development facility,” said Salazar during the tour.

“The work that comes from these facilities transforms renewable energy ideas into a reality. When renewable energy companies continue to invest in places like California, the realization of a new energy future is within our reach,” he said.

Miller the Elder said he was grateful for Salazar's interest.

“We’ve worked hard to make renewable energy a priority because it represents America’s future economic growth. Today, businesses like SunPower are moving forward, hiring 200 people for good clean energy jobs in the East Bay,” he said.

“By fostering a business climate that encourages companies like SunPower, even more good jobs will be created locally, we’ll reduce demand for dirty energy sources, and we’ll cut customers’ utility bills. That’s the right direction,” he said.

SunPower’s political action committee (PAC) was not shy about participating in the political process either.

According to the SunPower PAC filings for its activities in the 2010 midterm election campaign cycle, it donated more than $36,000. Of the $15,650 donated to House and Senate candidates, $14,650 went to Democrats, with these top recipients: $4,000 to Sen. Harry Reid (D.-Nev.), $3,000 to Rep. Gabrielle Gifford (D.-Ariz.) and $2,900 Sen. Barbara Boxer (D.-Calif.).

The congressman was not forgotten either. The SunPower PAC remembered him with $500 for his 2010 campaign. While SunPower was a financial partner in the congressman’s reelection campaign, it straight-out hired his son.

PayGo, the Law of the land...

http://www.humanevents.com/article.php?id=46761

 

[4est_4est_Gump]

http://pajamasmedia.com/tatler/files/2011/04/obama-wide-grin80.jpg
”’Shovel-ready’ was not as shovel-ready as we expected.” (Laughter)

 

[unregistered]

 

[4est_4est_Gump]

When will Zip, UD, et al, apologize to America?

When Merc seeks professional help for his degenerate stock gambling Jones...




Of course, he, like the market, has to hit bottom before he will admit there is a problem(s)...

 

[JohnnySavage]

More ECOnomic good news from the Obamanomics team:



PayGo, the Law of the land...

http://www.humanevents.com/article.php?id=46761

I quit reading after this paragraph: The company, SunPower (SPWR-NASDAQ), now carries $820 million in debt, an amount $20 million greater than its market capitalization. If SunPower was a bank, the feds would shut it down.

That journalism degree must be the best degree EVA! You are suddenly an expert on whatever issue is on the front burner for the day. Sadly, this guy gave away a bit too much and his ignorance showed through.

I'm sure he made a better point later on in his article though. Did he say Obama sucks?

 

[4est_4est_Gump]

How shallow...




How sad.

 

[unregistered]

 

[4est_4est_Gump]

What I get for coming along with the Coasters.

I was in the Wright band,
But it musta been the wrong song...


The Song Remains the Same!

 

[JohnnySavage]

He didn't even get the ticker symbol right.

 

[JohnnySavage]

100 million shares outstanding. If the price goes up 25 cents today, the market cap exceeds the 20 million debt deficit.

 

[JohnnySavage]

Trading at 8.24 with a range of 6.6 - 23.36.

Actually, market cap this morning is 824 million. 4 million of the debt deficit is already gone. We only need to make up 16 million! That's like... 17 cents?

I'll keep you updated.

 

[koalabear]

Stocks rise on Europe hopes

Updated: 10/12/2011 10:40 ET
DOW 11,551.77 +135.47
NASDAQ 2,624.45 +41.42
S&P 1,214.00 +18.46

Government Motors 23.68, still below the IPO.

 

[JohnnySavage]

We did it!!!!

SunPower's market cap is now $883.46 M and it's debt is $820 M.

What a great day for America!

 

[eyer]

Harrisburg, capital city of Pennsylvania...

...declares bankruptcy before the state can move in and take over.

http://www.foxbusiness.com/markets/...pital-files-for-bankruptcy-report-1206157007/

Take notice, Greece...

 

[koalabear]

progressive ain't we.......

NE Kansas stops pursuing domestic abuse cases


TOPEKA, Kan. - Over the past month, one by one, people suspected in domestic battery cases in northeast Kansas have been set free with no charges against them. Prosecutors say they're overwhelmed with felonies and, faced with budget cuts, can't afford to pursue the cases.

Busted budgets have forced tough decisions by governments and law enforcement officials nationwide, but the Shawnee County district attorney's move to stop investigating domestic abuse and other misdemeanor cases has angered victims' advocates who say austerity has gone too far.

The advocates are also outraged by the response from the capital city of Topeka, where the City Council and mayor repealed the city's domestic abuse law Tuesday night — a move designed to ensure the city wouldn't be stuck with the bill for prosecuting such cases.


http://www.cbsnews.com/stories/2011/10/12/national/main20119017.shtml?tag=cbsnewsMainColumnArea

 

[koalabear]

Dow moves back into black for 2011
Hopes that Europe has started to get its financial system back on track sets off another rally. Copper and gold move higher; interest rates rise. Pepsico earnings cheer.

http://data.moneycentral.msn.com/scripts/chrtsrv.dll?symbol=%24US%3AINDU&width=298&height=160&c1=3&ce=0&cf=0&d2=0&d3=0&d4=1&d5=0&e8=1&legend=0&banner=5&af=2&palette=2​

 

[koalabear]

Dow up 103, just misses moving into black for 2011
Hopes that Europe has started to get its financial system back on track set off another rally that fades in the last afternoon. Copper and gold move higher; interest rates rise. Pepsico earnings cheer.

 

[mercury14]

NOW the market's a reliable metric?

Does that mean we crossed the 12K rubicon yet?

It Sims were in for stormy weather according to Nobel Laureate Sargent...

Of course, his wasn't as the Grand man of Peace, you know the assassin, the bomber, the ecoterrorist Obama...

Somehow corporations are reporting high profits month after month. Despite the regulations you claim that horribly screw them over. Obama is an "ecoterrorist" though. You just can't name a single terrorized victim.

 

[mercury14]

When Merc seeks professional help for his degenerate stock gambling Jones...




Of course, he, like the market, has to hit bottom before he will admit there is a problem(s)...

Yes because I'm denying there are any problems with the economy, right? Is that the position you're assigning me today?

 

[koalabear]

Somehow corporations are reporting high profits month after month. Despite the regulations you claim that horribly screw them over. Obama is an "ecoterrorist" though. You just can't name a single terrorized victim.

Yes because I'm denying there are any problems with the economy, right? Is that the position you're assigning me today?

Tonight's analysis will be sponsored by the Twinkies update team.