I haven’t really voiced any opinions here, mostly because I thought of this site as a stock market type site where market and business news and trades would be published, but since I’m feeling pretty strongly about the insanity I’m seeing, and I have to vent, this is going to be where I will do it for now. Here we go.. stupdity irritates me

Here’s what I’m thinking, just correct me if I’m wrong here… The news about C (Citigroup) close to selling $12 billion in loans at a loss isn’t going to push the stock to all-time highs. According to a Bloomberg article, C has the thinnest safety cushion against losses in seven years. C isn’t planning on selling bad loans, they are going to be selling potentially profitable loans. Let’s see if the market reacts accordingly.

The jobs report numbers came out and guess what… it showed that the economy isn’t great. But since the current market doesn’t really take into consideration bad news, it just sort of shrugged this off for the immediate time. Pre-report the DJI was up 96, post-report the DJI dropped down to minus 7. Losing over 80,000 jobs might be a bad thing even in a mentally ill market.

What’s more fun than tracking your losses on the stock market? Try watching the mortgage meltdown mess. The Federal Reserve has come out with this very cool database complete with dynamic flash mapping so you can track just how bad it is in your neighborhood, or some other poor bastard sitting on a home they’d have to sell for a third off of what it was worth two or three years ago.

I’ll make this a brief post, as I know there are a lot of things happening today and if you want to make money, you’ll need to find your short positions quick. The DJI is down over 185 points, gold is at $999 (though it passed $1,000 which I predicted it would as a new year prediction - more on that later). GOOG and BIDU will open lower, same with JCP. It’s my kind of day.

There’s a daily listing of highs and lows for NYSE, NASDAQ, AMEX, and nearly everything.  I decided to clean up and put the NASDAQ highs and lows on a post.

Ya, chances are nobody is checking this site for the holiday schedule for the US markets, but that doesn’t stop me from posting it.  So if you read this site for news, here you go!

Here are a few of my predictions for 2008 for some stocks.  Please don’t listen or take my opinion for anything more than semi-interesting thoughts, though next year I’ll go over my predictions and let you know how I did, rubbing them all in your face (please don’t cache this page, as I will make changes throughout the year to be more right).

The Fed will be talking today, giving their decision on if they will lower the key interest rate at this time.  There’s a lot of talk and guessing going into this subject.  I know the answer because I have a glass ball (not a cancer-replacement, I mean something for looking into the future).  The answer is the Fed will …

 U.S. stocks rally into the close after the ADP private-sector employment estimate, factory orders and productivity data cast a more optimistic light on the U.S. economy before Friday’s payrolls report, while leaving intact hopes of another interest-rate cut next week. Dow Jones Industrial Average climbs 196 points, boosted by gains in AIG shares..
US PRODUCTIVITY JUMPS; PAYROLLS SEEN HIGHER