Disney profit down 25% - Dow will top around 10,000 as economy starts plunging into depression
Marla Guthrie
Jul. 30, 2009

Disney's Bob Iger, chief executive, acknowledged the difficult economic conditions. People are hurting in the main street as the stimulus money provide the froth for Dow 10,000.

The economy faces deep black hole as the stimulus funds get exhausted and the economy starts plunging into deep depression.

The consumer confidence has started falling down. People are borrowing their last bit from 401(K) to pay the mortgage. The real estate price shows the dangerous divergence with lumber futures price. Oil price demand is low. Gold shows signs of booming as inflation plans a come back with crashing dollar and balloning budget deficit.

The biggest problem with the US economy is the high enemployment, underemployment and shrinking tax base.

Dow Jones industrial Averiage will top out around 10,000 and S&P around 1100. Things will look gret by end of August and then the bear market with start with new vengence.

Disney profit down 25% - Dow will top around 10,000 as economy starts plunging into depression
Marla Guthrie
Disney's Bob Iger, chief executive, acknowledged the difficult economic conditions. People are hurting in the main street as the stimulus money provide the froth for Dow 10,000.
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President Barack Obama's health-care effort has declined over the past five weeks - time for Presidential fight back
Sonders Paula
Obama must fight back the special interest groups that are brainwashing common people. In the new poll, conducted July 24 to July 27, 42% called it a bad idea while 36% said it was a good idea.
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Economies get boosts from worldwide stimulus funds – but how long the world economies survive on borrowed time and money?
Fred Day
Economies get boosts from worldwide stimulus funds – but how long the world economies survive on borrowed time and money?
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US durable goods orders fell by 2.5 per cent – depression deepens
Paula Zuba
Compared to the last year the orders were off by 28 per cent. Transportation orders went down by more than 12 per cent in June. The capital goods were down by more than 8 per cent.
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Medical insurance companies cannot refuse coverage on pre-existing conditions, services based on gender, place caps on coverage, deny children family coverage: Obama
Special Correspondent
President Obama wants to send a clear signal to the special interest lobbyists – their influence paddling days in Washington is over.
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Data may show Consumer confidence fell to 48.5 in July, from 49.3 the prior month
Marla Guthrie
In the middle of all that the inflation especially in commodities is edging up. That is not good for the economy or the stock market. The dollar will become weak and gold will take off above $1000 per ounce.
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New house sales in the US jumped by 11 per cent in June – why is lumber price so weak then?
Marla Guthrie
The price divergence between new home prices and the lumber price shows the fact that demand is artificially created by unrealistic price reductions. That is not sustainable on the long term.
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