Recession: Our Cruise Has Now Ended

Ah! The Recession – Our Cruise Ship Now

For my readers that have been following my recession series, here is one more for you.  And if you have been following it you can start here.

Our Cruise Has Now Ended

Our cruise has now ended.  Please be careful while exiting the ship.  For those that need help, there are stewards near every evacuation station, and if not, will be there shortly.  Please be patient.

It’s seems that our cruise ship has solidly hit the bottom, ground to a slow progression and, then, finally hit the rocks.   That’s where we find ourselves today.  The Dow at 8852, the S&P under 1000, and the Nasdaq somewhere  near the 1700 mark.  Continue reading

Watching the Headlines: R-i-p-p-p

RIPPED! from the Headlines

Fuel Cells for the Smart Car? and The Euro and the US Stock Market

Two things that need to be noted that I noticed in the headlines

The first one MAY involve the future of the Smart Car.  Diamler just released to the media more pictures of fuel cells…  Hmm…  That’d be nice, huh?

The second one is the about the Euro and the market.  The European currency is expected to weaken against the dollar because “the downturn in the European economy is expected to turn out to be worse than that of the U.S.”    Maybe the people, read Bush Admininstration and Associates, have it right that they are for a strong dollar but against “temporary” fixes like Japan did more than a decade ago and to some degree still doing.

Make note if you’re in stock market, expect to be in the stock market, short in the stock market, or anything inbetween.  What do you think this means?  Hint, hint?

Patrick Lalande

Recession: Loose Ships Sinks Lips

Cruise Ship Analogy pretty, pretty close.

I was asked when I first posted on the “coming” recession why I chose a cruise ship to represent the economy.  I think it fits.

https://datafox.wordpress.com/wp-admin/post.php?action=edit&post=27

I was asked why the last one I wrote sounded like I gave up trying to explain where the economy is going.  I think that fits as well.

Back in March when the DOW was last below the 12,000 mark it carved out a pretty sharp V.  I heard one stock  market pundit on TV say that while we weren’t looking the market bottomed.  Many people expressed that same philosophy since then but I haven’t heard them say that today. 

I had to laugh.  The market won’t hit a true bottom until everyone, important enough to say that again, EVERYONE, gives up on it.  They call that capitulation. 

You’ll see it if you watch the headlines.  I haven’t seen it yet.  As of close as the beginning of this week I saw a chart saying that the economy really wasn’t as bad as people thought.  That chart and article was the proof that the bottom wasn’t 11,600(+-) that I was hearing.  The Loose ship syndrome.

Today the Dow closed at 11,453. 

I can truly tell anyone interested that the headlines don’t lie.  Sometimes they just don’t tell the truth.  Its the loose lips syndrome.

For any others that just won’t listen?  It’s the Loose Ships Sinking Lips syndrome.

Remember this one when I again point out TIPS and MyCustomDictionary as being the next big thing in web marketing. 

Patrick Lalande 

Its too late for us. Save yourself!

One more chance to save yourself

PATRICK LALANDE ON WORDPRESS

It’s been a long time coming.  On the news that the Federal government is backing the the economy with 100% aggression the stock market boomed. Up 400+ points yesterday (3/18) and currently (delayed price) up another 54. Gold plunged, financial stocks popped, and optimism has re-entered the dance. 

Yesterday was a nice sunny day here where I live. Through observation, it seemed that the weather couldn’t wait for spring and decided that it would give us a preview.  And then the Feds cute their interest rate by 3/4 of a point.  Hugh. HUGH!  How hugh?  That cut amounts to a 25%.  You didn’t get that on your credit card interest. I’d say that the big boys have a new big toy.  No, not a new maserati or a new corporate jet.  Not the new, 10,000 sq. ft. summer house that they live in for 6 weeks a year.  Not the physical trapping of wealth that you might think.  No.  Not those.  I’m talking about the game piece the financial crisis threatened to take away from them.  I’m talking BIG!  I’m talking the Federal government and the American economy. Continue reading

People lie. Prices don’t.

Recession mystery deepens, Plot thickens, Clues in Headlines 

PATRICK LALANDE ON WORDPRESS

Hey! NOT JUST  a heads-up for the market watchers.  

After the DOW dropped 155 points yesterday somebody might think that today could be a dead-cat bounce sort of day.

Here is something to think about.  Of the two headlines I read today, I get suspicious.  Continue reading

Testing, Testing 12,000? Cruise passengers and market soon to get wet

Beauty is everywhere, if you know how to look

PATRICK LALANDE ON WORDPRESS

A funny thing happened while the economy was cruising towards a recession

Another passenger on the same cruise ship I’m on, looked over the rail and said,

“I think I see the bottom of the water.  Look at all the pretty fish.  I like how the sunlight being filtered by the water, creates a texture on the ocean floor.”

I didn’t believe what I was hearing.  I turned to look and saw a younger man eerily unperturbed with the way the ship has been acting.  Didn’t he know that we were in imminent danger of running aground?

I composed myself by physically closing my mouth and making sure I was standing as erect as possible.  Turning completely to face my fellow passenger I had to ask him; “You don’t seem too concerned.  Aren’t you worried that we may not get off this ship alive?” 

To that he replied, “The ship isn’t going to sink if we run aground.  Besides, I just learned how to swim just because I was going on this cruise and I took out travel insurance.”

My thoughts wandered as I absorbed what he was telling me.  He was right.  For those that plan ahead, the most that should be a concern is getting a little wet and the inconvenience of the risks.

And then I caught myself thinking,..You know?  It really was cool, how the sunlight being filtered by the water, creates a texture on the ocean floor.”

Spending, Inflation, data, hit – This story is written by the headline

Another headline, another day.

Patrick Lalande on WordPress

photo_2808_20070815-crumpled-dollar-bill-2_400x180.jpg  Do you remember  “Recession headline: Bears like sinking ships“?  Keep it in mind when you read the rest of this story.

I awoke from a fitful sleep to read a headline that pretty much says it all.

Spending, inflation data to hit Wall St.  I would add “this week”. Continue reading