Cknolls

Closing below 848.92 will more than likely lead us to the 2003 lows at 788.9 and probably the 2002 lows at 768.65. Can 660 be far off?

QUOTE (Balta1701 @ Nov 19, 2008 -> 11:09 AM) I think we're gradually inching closer to the next (hopefully last) land mine in the credit mess...the implosion of all of these stupid credit card programs that the banks have been printing faster than the U.S. has printed T-Bills over the last 20 years. Commercial real estate still has some room to fall.

http://www.blog.newsweek.com/blogs/powerin...ey-general.aspx

QUOTE (BigSqwert @ Nov 18, 2008 -> 11:47 AM) So in your eyes a story that apparently involved a racial hate crime and theft was not headline worthy but a group of gays throwing pink glitter and condoms at a church should be a major breaking story? No. its o.k to interrupt a church service to act like assh****. I wouldn't give them the time of day let alone put their faces on T.V and give them exposure.

Barney Frank's latest nonsense: WASHINGTON (AP) — A Key Democrat says a House auto industry bailout would require that U.S. automakers immediately repay $25 billion in government loans next year if they can't show they're financially viable. WTF is he talking about. Hey Barn dog, they are already in dire striats financially, but lets give the Dem constituebcy a $25 billion payback for campaigning. Briiliant.

QUOTE (NorthSideSox72 @ Nov 18, 2008 -> 09:14 AM) I actually blame the executives at the Big 3, and just behind them the union bosses, more than the union membership as a whole. The union is there to push for stuff, that's their role. The role of the executives is to push back. The system is sometimes adversarial, but usually should result in compromise. The problem is, the Big 3 execs are scared to death of actually calling a bluff. So, the unions run all over them, which is how we ended up with these unwieldy contracts that are crippling the companies. But at this point, the union bosses should see the writing on the wall - their actions resulted in the scales being tipped too far in their favor, and the business is in danger of going under. Now is the time they should be offerring compromise. But they aren't. Meanwhile, the everyday workers are getting screwed, when all they want is to work and get paid as well as they can, just like everyone else on earth. Even more reason we need EFCA. More unions =GOOD!

QUOTE (Texsox @ Nov 17, 2008 -> 08:31 PM) Whoa. I am not necessarily a fan of Gitmo, but I really wish he waited until he was President and presumably receives "the rest of the story". I am thinking, guessing, hoping, that there is more information that Obama does not have that may come into this decision. So basically, I wish he would slow the f*** down and stfu until he has a couple days in office.

QUOTE (DukeNukeEm @ Nov 17, 2008 -> 03:59 PM) They're dead no matter what happens to them. How so?

QUOTE (lostfan @ Nov 17, 2008 -> 03:55 PM) I'm starting to believe more and more that bankruptcy is the best for GM's long-term viability but that would f*** the workers over in the short term. They (GM) need to be slapped around a bit, it's just that it's everyday people who'd have to pay the price. You are talking like the everyday worker is not part of the problem. These Fu**tards that run the unions knew full well what they were doing, as did the fu**tards that head the big three. This needs to sting on both ends. If the unions won't budge, bankruptcy will come calling and quick. And the pain from that will be far greater than giving now. Remember the Steel cos. How did they do? Why wouldn't you give in on healthcare premiums, co-pays etc. This is one area where huge savings could be made in short order.

QUOTE (Balta1701 @ Nov 14, 2008 -> 05:09 PM) To answer my own question here, I at least am giving an argument about why Chapter 11 simply might not be possible in the current lending environment. In other words...if the first bailout had done it's job, we wouldn't need to bail out GM. But if that bailout was constructed in such a way that it did not force lending to resume, we may well have to bail out GM because GM won't be able to finance its way through Chapter 11. Not if the gov't was the the DIP.

On another note: Via Powerlineblog: NASA's Goddard Institute for Space Studies, run by global warming alarmist James Hansen, has been a chief source of "data" to support climate hysteria. Repeatedly, though, GISS data have been shown to be flawed, if not fraudulent. Now, it's happened again: A surreal scientific blunder last week raised a huge question mark about the temperature records that underpin the worldwide alarm over global warming. On Monday, Nasa's Goddard Institute for Space Studies (GISS), which is run by Al Gore's chief scientific ally, Dr James Hansen, and is one of four bodies responsible for monitoring global temperatures, announced that last month was the hottest October on record. This was startling. Across the world there were reports of unseasonal snow and plummeting temperatures last month, from the American Great Plains to China, and from the Alps to New Zealand. China's official news agency reported that Tibet had suffered its "worst snowstorm ever". In the US, the National Oceanic and Atmospheric Administration registered 63 local snowfall records and 115 lowest-ever temperatures for the month, and ranked it as only the 70th-warmest October in 114 years. So what explained the anomaly? GISS's computerised temperature maps seemed to show readings across a large part of Russia had been up to 10 degrees higher than normal. But when expert readers of the two leading warming-sceptic blogs, Watts Up With That and Climate Audit, began detailed analysis of the GISS data they made an astonishing discovery. The reason for the freak figures was that scores of temperature records from Russia and elsewhere were not based on October readings at all. Figures from the previous month had simply been carried over and repeated two months running. The error was so glaring that when it was reported on the two blogs - run by the US meteorologist Anthony Watts and Steve McIntyre, the Canadian computer analyst who won fame for his expert debunking of the notorious "hockey stick" graph - GISS began hastily revising its figures. This only made the confusion worse because, to compensate for the lowered temperatures in Russia, GISS claimed to have discovered a new "hotspot" in the Arctic - in a month when satellite images were showing Arctic sea-ice recovering so fast from its summer melt that three weeks ago it was 30 per cent more extensive than at the same time last year. A GISS spokesman lamely explained that the reason for the error in the Russian figures was that they were obtained from another body, and that GISS did not have resources to exercise proper quality control over the data it was supplied with. This is an astonishing admission: the figures published by Dr Hansen's institute are not only one of the four data sets that the UN's Intergovernmental Panel on Climate Change (IPCC) relies on to promote its case for global warming, but they are the most widely quoted, since they consistently show higher temperatures than the others. As the scientific evidence continues to accumulate, it becomes increasingly clear that "global warming" hysteria is based on a combination of bad science and fraud. http://www.dailytech.com/Sea+Ice+Growing+a...rticle13385.htm I would like to ask Big Al for comments.

915 just hit. And it only took an hour.

http://images.redstate.com/obamaflowchartrev.pdf

QUOTE (Texsox @ Nov 14, 2008 -> 10:43 AM) It looks good too

QUOTE (southsider2k5 @ Nov 14, 2008 -> 12:37 PM) I know the popular boogeyman to blame the auto company's is the lack of research and development over the last decade or so, but when you are talking about an extra $50,000 of compensation PER EMPLOYEE over what Toyota is paying, there is pretty much no money left over for things like R&D. That extra compensation forced the US automakers to pour all of their resources into the high returns of SUVs and trucks, because they don't make any money on cars. When oil prices went crazy, the Big Three was toast. This handicap is a direct result of the unions. By Michelle Malkin • November 13, 2008 08:55 AM Didn’t have time to post an alert beforehand, but I did a brief segment on Fox& Friends this morning on the mega-auto bailout. Reader Alan e-mailed about his experience in the industry: Dear Michelle, Thank you for taking the time to read my comments. I worked in the Automotive Industry for most of my career as a supplier to GM, Ford, Chrysler, Honda of America, Toyota, Nissan, and BMW. You were exactly right with your comments on Fox & Friends this morning. The UAW has handcuffed GM, Ford, and Chrysler with unreasonable and unrealistic burdens. Their balance sheets will never improve until they shed this weight. There is another aspect affecting their business and is not being talked about in the media very much. Having dealt directly with all current domestic automobile manufacturers, there is a distinct difference in how the Big 3 do business with their suppliers as compared to Honda, Toyota, and other foreign automotive assemblers. Toyota, Honda, and Nissan in particular want to make sure they are entering a partnership that insures financial success to all parties. GM’s business practices generally lead to no profit, tremendous oversight by their internal supplier quality watchdogs, who demand unrealistic expectations, and extremely slow payment in the reimbursement of tooling costs to start new programs. It is not unusual to see reimbursement for tooling costs years after the program has started. Their business practices are not a tax payer problem, but a terrible management problem. It was a noble idea for the Federal Government to lend them $25 billion to help. It is now known 4 X’s that amount will not cure the root cause of the problem., but only buy them 4 X’s the amount of time. When a cancer is identified inside a person, it is immediately removed if possible. The Big 3 has a cancer that needs to be removed. It doesn’t take a rocket scientist to understand why they cannot compete profitability. They have parity on supply costs, materials, and energy with Honda and Toyota. So why can’t they compete? It is clearly the cost of labor. A few years ago I was in Warren Assembly, in (Warren, County, (sic) [Macomb County,] Michigan. Two plants side by side make the Ford Focus and the Ford Expedition. As you drive from [Dearborn] to Warren County, every abandoned shopping center parking lot was full of vehicles. A friend of mine was then the HR Manager for Ford Truck and I asked him why they were still building. His answer astounded me. UAW Labor is paid company wages whether they work or not. America has to wake up concerning this. Until we can get organizations like the UAW to understand the only missing ingredient to creating a level playing field is getting the cost of labor to a realistic level, domestic car makers will never be successful.

I am looking for a 914 print on futes today. Then either today or Monday we trade to 935.

QUOTE (Cknolls @ Nov 13, 2008 -> 01:59 PM) I think we could trade above 900 on futes today, 905 to be exact. If not today, definitely tomorrow.

Now We Find Out [Greg Pollowitz] National Review Online: Remember those helicopter wolf hunts that the Left used to attack Governor Palin? Guess what. They worked: Slaughtering wolves on the Alaska Peninsula appears to have had the desired effect — more caribou got a chance to live, according to biologists with the Alaska Department of Fish and Game. As ugly and as politically incorrect as the wolf killing might seem to some, they said, the helicopter gunning that took place earlier this year saved caribou, especially young caribou, from being eaten alive. Fall surveys of the Southern Alaska Peninsula caribou herd completed in October found an average of 39 calves per 100 cows. That's a dramatic improvement from fall counts of only 1 calf per 100 cows in 2006 and 2007. The success of past wolf-control programs, and of some of those still under way elsewhere in the state, has varied significantly, depending on what predators were involved. In some cases, bears, eagles and climate have proved to have more influence on calf survival than wolves. In this case, however, even some groups staunchly opposed to Alaska wolf-control efforts are conceding the removal of 28 wolves appears to have played a major role in caribou calf survival. "I think that certainly is good news," said John Toppenberg of the Alaska Wildlife Alliance. "I am supportive of that goal. How they arrived at that I might have an issue with."

My, my. Another fine day for the MSM in general, MSDNC, Fox News, the LA Times and The New Republic in particular: It was among the juicier post-election recriminations: Fox News Channel quoted an unnamed McCain campaign figure as saying that Sarah Palin did not know that Africa was a continent. Who would say such a thing? On Monday the answer popped up on a blog and popped out of the mouth of David Shuster, an MSNBC anchor. “Turns out it was Martin Eisenstadt, a McCain policy adviser, who has come forward today to identify himself as the source of the leaks,” Mr. Shuster said. Trouble is, Martin Eisenstadt doesn’t exist. His blog does, but it’s a put-on. The think tank where he is a senior fellow — the Harding Institute for Freedom and Democracy — is just a Web site. The TV clips of him on YouTube are fakes. And the claim of credit for the Africa anecdote is just the latest ruse by Eisenstadt, who turns out to be a very elaborate hoax that has been going on for months. MSNBC, which quickly corrected the mistake, has plenty of company in being taken in by an Eisenstadt hoax, including The New Republic and The Los Angeles Times. At least nobody printed the story about Governor Palin running over dogs in her snow-machine. Oh, and the story that Joe the Plumber was related to Charles Keating is fake, too: Last month Eisenstadt blogged that Samuel J. Wurzelbacher, Joe the Plumber, was closely related to Charles Keating, the disgraced former savings and loan chief. It wasn’t true, but other bloggers ran with it.

I think we could trade above 900 on futes today, 905 to be exact. If not today, definitely tomorrow.

The problem with the vote is these 500 or so votes have come after 100% of precincts reporting.

QUOTE (lostfan @ Nov 12, 2008 -> 03:45 PM) Hopefully what happened is someone brought the idea up and then a bunch of people had to ask for tissue to clean up the coffee that sprayed out of their nose from holding back laughter. LOL

QUOTE (Balta1701 @ Nov 12, 2008 -> 02:11 PM) Because making people pay even more for health care will do wonders to drive consumer spending! Or giving them money to pay people to do crossword puzzles is even better. What should be the cost to the auto makers then? Do you realize that if we applied the last $60 billion that is left of the TARP 1 as equity to GM it would bring GM's net worth to............0.

QUOTE (NorthSideSox72 @ Nov 12, 2008 -> 01:08 PM) I'd rather see the conditions surround development of more fuel efficient cars. Can we all agree that these monoliths will not make money with the union legacy costs? Even after 2010 when the union takes over these costs, do they(unions) really think they have the funds to cover the costs? They are kidding themselves. I smell union bailout on the horizon. How anyone in the UAW can complain about this situation is beyond me. Job banks, full health care with no co-pays for life for entire family. Not realistic in today's market wouldn't you say?

QUOTE (Balta1701 @ Nov 12, 2008 -> 12:42 PM) Didn't they already pass the $25 billion one a couple weeks ago, before the Auto industry came back and said they needed $50 billion more? I believe this is in addition to that one. That one being administered through Dep't. of Energy.