The gauge of manufacturing unexpectedly dropped and jobless claims increased more than forecast - stocks decline as long term top is in place
Marla Guthrie
Oct. 1, 2009

Economic depression of 2010-2020 can take Dow Jones Industrial Average below 2000 level. The long term top is in place now.

Caterpillar Inc., Boeing Co. and DuPont Co. helped lead declines in 28 of 30 stocks in the Dow Jones Industrial Average. Microsoft Corp. retreated 2.9 percent.

U.S. stocks collapsed as the gauge of manufacturing, the ISM index, unexpectedly dropped and jobless claims increased more than forecast, adding to concern the seven-month rally in equities has outpaced prospects for an economic recovery.

Rising unemployment and the waning effects of President Barack Obama’s $787 billion stimulus program will restrain a U.S. economic recovery next year, the International Monetary Fund predicted.

The gauge of manufacturing unexpectedly dropped and jobless claims increased more than forecast - stocks decline as long term top is in place
Marla Guthrie
Economic depression of 2010-2020 can take Dow Jones Industrial Average below 2000 level. The long term top is in place now.
READ MORE>>

Time to buy GM stocks? GM India sales jump 50 per cent in September
Reena Nair
Those who are little daring may look at this great contrarian approach and invest in GM stocks. GM failed in North America but is doing great in China and India.
READ MORE>>

Protect your retirement fund – put money in US treasury Tbills during the depression of 2010-2020
Sandra Johanes
Can you imagine a delinquent FDIC, most banks under run, an unemployment of 40%, a massive budget deficit, and gold trading at $4000 an ounce?
READ MORE>>

Do not get into the trap of buying distressed homes – real estate will fall another 60 to 70% during depression in 2010-2020
Peter Oberois
The real estate has come down another 70% from the peak. During the economic depression in 2010-2020, the real estate prices will plummet another 40% . It will be difficult to imagine common people holding on to residential real estate investments.
READ MORE>>

Chinese economy shows trouble under the rug - seventh straight rise in manufacturing is fueled by stimulus bibble
Sam Adelton
China's trouble come from the export front - the main locomotive of Chinese economy. Industrial overcapacity and a 11-month slump in exports are extreme drags on the nation’s recovery.
READ MORE>>

Kenneth D. Lewis of Bank of America forced to step down for his handing of Merrill deal
Tania Solanki
Shareholders stripped Lewis of the chairman’s title earlier this year, with dissidents saying he failed to tell them about spiraling losses at Merrill Lynch and bonus payments at the New York-based firm before they voted on the merger.
READ MORE>>

Japanese big companies plan deeper spending cuts as profits slump - the real story behind Japanese Tankan Sentiment rise
Susan Malhotra
The Tankan index of sentiment among large makers of cars, electronics and other goods climbed to minus 33 from minus 48 in June and a record low of minus 58 in March.
READ MORE>>

UBS warns of problems in third quarter profit, analysts too optimistic on Corporate Profits in third quarter
Alan Hershey
The stock analysts see greener pastures while the crust of the soil is contaminated with toxic assets, excessive debt and governmental interference.
READ MORE>>

MORE ARTICLES >>