Stocks Dive on Fears of a Faltering Economy



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Topic: Science > Prophecies-Of-Nostradamus
User: "Foaming at the Mouth Psychotic"
Date: 21 Jan 2006 04:08:59 PM
Object: Stocks Dive on Fears of a Faltering Economy
I am so glad this is happening because I really hate America.
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***** YOU ASSHOLES
Stocks Dive on Fears of a Faltering Economy
By Tom Petruno, Times Staff Writer
The stock market plummeted Friday in heavy trading, sending blue-chip
indexes to their worst one-day losses in more than two years, as
another surge in oil prices and disappointing earnings from some
big-name companies raised new concerns about the economy's health.
The Dow Jones industrial average tumbled 213.32 points, or 2%, to
10,667.39, giving up all of its gains from a rally that had stoked
widespread optimism in the first two weeks of the year.
ADVERTISEMENT
Technology stocks, which had led the new year's advance, were hit hard
as some investors fled. Internet search firm Google Inc. suffered its
sharpest sell-off since going public 17 months ago. The company's
shares fell $36.98, or 8.5%, to end the day at $399.46.
The market's mood turned Friday as crude oil prices topped $68 a
barrel, nearing the record of almost $70 that was reached shortly after
Hurricane Katrina devastated the Gulf Coast.
Also, General Electric Co., considered a bellwether for the U.S.
economy because of its diverse businesses, reported fourth-quarter
sales and earnings that were less robust than many investors had hoped.
GE's report, which followed disappointing quarterly results in recent
days from other blue-chip firms including computer chip leader Intel
Corp. and chemical titan DuPont Co., revived fears that the economy
might be decelerating significantly - which could point to more
profit disappointment ahead and undermine stocks.
"The economy is slowing ... and the market is waking up to that," said
Robert Doll, chief investment officer at Merrill Lynch Investment
Managers.
The Dow's loss Friday was its biggest percentage drop since May 2003,
and the first drop of more than 200 points since March of that year.
But many analysts also said stocks simply were overdue for a pullback
after a powerful rally that had lifted the Dow more than 8% since
mid-October. The widely watched index closed above 11,000 on Jan. 9,
its first breach of that level since 2001.
Some experts cautioned against betting that the economy would continue
to lose steam.
"Yes, there was a slowdown in the fourth quarter. We know that," said
Drew Matus, an economist at brokerage Lehman Bros. in New York. "But I
think things are shaping up for a very good first quarter."
Indeed, the government reported Thursday that new claims for
unemployment benefits in the week ended Jan. 14 were the lowest since
April 2000, a potential sign of strength in the job market.
Investors had entered the new year in high spirits, thanks in part to
fresh signs that the Federal Reserve was nearly finished raising
interest rates after 18 months of steady increases. The Fed's key rate
has risen from 1% in mid-2004 to 4.25% now.
The central bank on Jan. 3 released the minutes of its mid-December
meeting. The report said that most Fed policymakers believed that the
number of additional rate hikes "probably would not be large."
Historically, an end to rising interest rates has been bullish for the
stock market, so long as the economy wasn't in danger of tipping into
recession.
Optimism about rates and the economy had helped investors look past a
rebound in oil prices since late December, and encouraged some to snap
up technology stocks and other issues considered riskier bets. Google
shares reached $471 on Jan. 11, up 14% from year-end after rocketing
115% in 2005.
But this week, Wall Street's focus shifted to disturbing events
overseas.
Oil prices soared anew Tuesday on concerns about Nigerian militants'
attacks on energy facilities in that major crude-exporting nation.
Prices also were boosted by fears that the standoff between the United
States and Iran over the latter's nuclear research program could lead
to a curtailment of oil supplies from that country, even as global
demand for energy remains strong.
On Thursday, an audiotape from Al Qaeda leader Osama bin Laden
threatening terrorist attacks in the U.S. added to investors' jitters,
although the stock market still closed higher.
On Friday, as oil prices in New York shot up $1.52 to $68.35 a barrel,
some on Wall Street began to throw in the towel on stocks. The market
fell at the outset and continued to slide all day.
The sudden turnabout in the market's mood "tells you that geopolitical
risk has moved from the back burner to the front burner," said Michael
Panzner, head of trading at Rabo Securities.
It didn't help that stock prices in Japan, which far outpaced U.S.
shares last year, plunged for most of this week after prosecutors
raided the Tokyo offices of a popular Internet firm on suspicion of
financial fraud.
But the bigger concern Friday may have been the earnings report from
GE, some analysts said. Its earnings before one-time gains and losses
were $5.8 billion in the fourth quarter, up less than 1% from a year
earlier. Although the company's profit was in line with analysts'
estimates, many investors had hoped GE would beat those expectations.
What's more, the company's sales of $40.7 billion were less than
expected.
Quarterly results from financial services titan Citigroup Inc. on
Friday also were weaker than what many investors had expected.
GE shares slid $1.31, or 3.8%, to $33.37. Citigroup's shares dived
$2.25, or 4.7%, to $45.69.
The GE and Citigroup reports, on the heels of earnings shortfalls at
DuPont, Intel and aluminum leader Alcoa Inc., among others, have raised
worries that corporate America's long streak of robust profit growth
was coming to an end.
"We have seen a broad swath of earnings misses and warnings" from
companies in the last week, said Barry Ritholtz, head of investment
firm Ritholtz Capital Partners in New York.
If earnings slow dramatically or begin to decline, investors' interest
in owning shares could dim, at least in the short run, because earnings
underpin stocks.
On average, blue-chip companies' earnings have risen at a double-digit
percentage rate, measured year-over-year, every quarter since the third
quarter of 2003, according to Thomson Financial.
Despite the high-profile profit disappointments at GE and some other
large companies, many firms have issued strong quarterly results. Chip
maker Advanced Micro Devices Inc., railroad firm Union Pacific Corp.
and brokerage Merrill Lynch & Co. this week all reported results that
beat expectations.
"I think it's too early to think we're undone" in the stock market and
the economy, said David Dreman, head of investment firm Dreman Value
Management.
An ongoing debate is whether the growth struggles of some of the
nation's biggest companies paint a misleading picture of the economy
overall.
Shares of GE, Wal-Mart Stores Inc. and IBM Corp., among other blue-chip
names, all declined last year. Yet shares of many smaller companies
advanced. The average New York Stock Exchange stock was up 7%, while
the Dow lost 0.6%.
A more competitive global economy may be hampering established
companies while opening up opportunities for smaller firms, some
investors say.
.

User: "Tugboat Captain"

Title: Leave the planet. 22 Jan 2006 08:00:37 AM
Foaming at the Mouth Psychotic wrote / skrev:

I am so glad this is happening because I really hate America.


____
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***** YOU ASSHOLES

How can it be that you manage to turn on a computer, get on the internet
and even post in APN?
.
User: "Foaming at the Mouth Psychotic"

Title: Re: Leave the planet. 23 Jan 2006 02:05:02 PM
This is one of the stupidest replies I have seen to my postings. If it
pissed you off so much, I am glad to see that you did not ignore it and
got mad.
Trust me, poopeye, if I had the capability, I would leave this planet.
No intelligent life down here. And ***** you.
.
User: "Werewolfy"

Title: Re: Leave the planet. 23 Jan 2006 06:35:02 PM
"Trust me, poopeye, if I had the capability, I would leave this planet.
No intelligent life down here. And ***** you. "
You do have the ability. Simply die. That should do the trick.
Werewolfy
.
User: "Foaming at the Mouth Psychotic"

Title: Re: Leave the planet. 24 Jan 2006 02:00:39 PM
No, I still have my work to do.
.
User: "Werewolfy"

Title: Re: Leave the planet. 25 Jan 2006 04:56:01 AM
"No, I still have my work to do."
Oh. So sorry. I wasn't aware that I was talking to Jesus. How are
things back here second time around?
Werewolfy
.
User: "Foaming at the Mouth Psychotic"

Title: Re: Leave the planet. 25 Jan 2006 09:40:43 AM
Werewolfy wrote:

"No, I still have my work to do."

Oh. So sorry. I wasn't aware that I was talking to Jesus. How are
things back here second time around?

Werewolfy

I am NOT JESUS. I am just a man. But I feel I have a purpose....to
serve as a witness by being a living example of the filth society
abides by, and its ultimate consequences, before it comes to total
fruition.
.
User: "Werewolfy"

Title: Re: Leave the planet. 25 Jan 2006 11:18:26 AM
"a living example of the filth society abides by..."
Gosh. Quite an admission. Now let me see if I have this right. You are
a living example of all that is bad, all that is filthy and all that is
degraded within the species?
Is that not taking self-abasement a touch too far?
Anyway, I'm pleased to have been honoured with this passing encounter.
Fancy, I've met the paragon of vice.
Perhaps you should re-consider that 'dying' option?
Werewolfy
.
User: "Foaming at the Mouth Psychotic"

Title: Re: Leave the planet. 26 Jan 2006 10:45:22 AM
Werewolfy wrote:

"a living example of the filth society abides by..."

Gosh. Quite an admission. Now let me see if I have this right. You are
a living example of all that is bad, all that is filthy and all that is
degraded within the species?

Is that not taking self-abasement a touch too far?

Anyway, I'm pleased to have been honoured with this passing encounter.
Fancy, I've met the paragon of vice.

Perhaps you should re-consider that 'dying' option?

Werewolfy

and through this process try to put it in society's face what it will
be -indeed what is it already. You only took a part of what I said and
put it in isolation, not stating the full truth.
about dying, GOD determines those things.
.
User: "Werewolfy"

Title: Re: Leave the planet. 26 Jan 2006 11:38:20 AM
"You only took a part of what I said and put it in isolation, not
stating the full truth."
That's because the remaining part made little sense, in the same way
that your, "and through this process try to put it in society's face
what it will be -indeed what is it already", is also beyond normal
understanding.
As far as the assertion you make; "about dying, GOD determines those
things", well, maybe He does, maybe He doesn't. Either way, He appears
to have considerable help in the process.
Take a suicide for example. Are you seriously suggesting that some
devinity has put down his cup of tea for a second, and said, "Ah
yes...young Mary. I decide that she will put a shotgun to her head and
distribute her brains about her room. I do this because I work in
mysterious ways"
If you are, then perhaps it isn't a 'God' that you adore at all. Oh no,
not a 'God all-loving. Something far more sinister.
Werewolfy
.
User: "WH"

Title: Re: Leave the planet. 27 Jan 2006 07:10:29 AM
Werewolfy skrev:

"You only took a part of what I said and put it in isolation, not
stating the full truth."

That's because the remaining part made little sense, in the same way
that your, "and through this process try to put it in society's face
what it will be -indeed what is it already", is also beyond normal
understanding.

As far as the assertion you make; "about dying, GOD determines those
things", well, maybe He does, maybe He doesn't. Either way, He appears
to have considerable help in the process.
Take a suicide for example. Are you seriously suggesting that some
devinity has put down his cup of tea for a second, and said, "Ah
yes...young Mary. I decide that she will put a shotgun to her head and
distribute her brains about her room. I do this because I work in
mysterious ways"

Hey Wolfy...just how many 'brains' does this young Mary have then?
:-)
WH
.
User: "Werewolfy"

Title: Re: Leave the planet. 27 Jan 2006 12:46:17 PM
"Hey Wolfy...just how many 'brains' does this young Mary have then?
:-)
Heya Chris...;)
Well, this particular Mary can only have one brain, and that has to be
of miniture proportions and diseased in some nasty way.
It's a pity really. This particular 'foamy mouthed psychotic' looked to
be an interesting toy...but has been all to easy to deal with. ;)
I tried to warn him that mice have no business playing with cats....ah
well...;)
Nice to see you Chris....Oh, loved your comment on 'democracy'
following the Hamas electoral decision. Wonderful stuff. The people
have spoken 'at the urn's' (French expression) and the result isn't to
the taste of the current 'world's bully'.
Oh..by the way, I've just sold my house here in France and, after 18
years of secuded living I'm returning to England. I'm looking for a
house in Somerset..the Bridgwater or Taunton area
Makes a change I suppose. 18 years in one place is a long time.
Grins....Ricky
.

User: "Werewolfy"

Title: Re: Leave the planet. 28 Jan 2006 07:09:22 AM
"Hey Wolfy...just how many 'brains' does this young Mary have then?"
Ah Ha Chris!
I see now...;)
Two. A right lobe and a left lobe. At least many people believe the
brain to be in two parts...:
Just 'wriggling' here. ;)
Ricky
.


User: "Foaming at the Mouth Psychotic"

Title: Re: Leave the planet. 26 Jan 2006 03:51:24 PM
Werewolfy wrote:

"You only took a part of what I said and put it in isolation, not
stating the full truth."

That's because the remaining part made little sense, in the same way
that your, "and through this process try to put it in society's face
what it will be -indeed what is it already", is also beyond normal
understanding.

As far as the assertion you make; "about dying, GOD determines those
things", well, maybe He does, maybe He doesn't. Either way, He appears
to have considerable help in the process.
Take a suicide for example. Are you seriously suggesting that some
devinity has put down his cup of tea for a second, and said, "Ah
yes...young Mary. I decide that she will put a shotgun to her head and
distribute her brains about her room. I do this because I work in
mysterious ways"

If you are, then perhaps it isn't a 'God' that you adore at all. Oh no,
not a 'God all-loving. Something far more sinister.

Werewolfy

1) Of course you do not understand the second part of my statement: you
are part of the problem. A person's farts don't smell very bad to
themsleves.
(2) Suicide is a sin. You seem fascinated by the idea of me killing
myself but I will not make this choice.
(3) You contradict yourself:
As far as the assertion you make; "about dying, GOD determines those
things", well, maybe He does, maybe He doesn't. Either way, He appears
to have considerable help in the process.
Are you seriously suggesting that some devinity has put down his cup of
tea for a second, and said, "Ah yes...young Mary. I decide that she
will put a shotgun to her head and distribute her brains about her
room. I do this because I work in mysterious ways"
(4) I am not advocating that people/society kill themselves. I am
advocating that people/societies *are presently* killing themsleves,
and they better slow down, check themslevs, or this is where they will
end at 200mph worth's of time and distance later: in a circumstance
similiar to the scene in the movie "Event Horizon" where poeple were
ripping eachother apart once they became possessed by satan.
(5) If you are, then perhaps it isn't a 'God' that you adore at all. Oh
no,
not a 'God all-loving. Something far more sinister.
No, because I am conscious of the fact that -to GOD's greater disgust-
people love something even more vile than that of satan: themselves.
Perhaps that is satan's sick self crucification for mankind: Don't love
me but love yourselves more than GOD. And the agent he uses to promote
this concept is the United States of America, with its cultural values
of material indulgence, lack of campassion, gain and power at the
expense of others, hypocrasy, lies, disregard of the family and
promotion of that cultural norm, to perpetuate poverty, exploitation,
greed, misery, etc, all in the name of personal liberty.
I would rather say that you love that thing which is more sinister.
Heck, I bet satan would be proud to see 100's of millions of people
thinking they are gods rather than himself, or GOD for that matter, as
a god.
.
User: "Werewolfy"

Title: Re: Leave the planet. 26 Jan 2006 05:06:23 PM
Mr Foamy mouth foamed...a lot.
I managed it then. Making you write something yourself, instead of
pasting trite information from around the world...information that no
one cares about.
Yes, I managed to do that. Good.
Odd though. Just how do you reconcile your statement in the above
post;-
"(4) I am not advocating that people/society kill themselves."
With;-
" I can't wait till this happens in America. I hope people start
killing eachother when it does"
This second post inciting murder was your brilliant masterpiece of a
couple of days ago, when you were castigated the rising prices of
vegetables in Madagascar.
The two seem rather at odds with one another. Yet you wrote both. Mind,
you write quite a lot of rubbish, don't you?
Now, just how do you explain such opposing viewpoints from the same
pen?
Werewolfy
.
User: "Foaming at the Mouth Psychotic"

Title: Re: Leave the planet. 31 Jan 2006 05:06:52 PM
This is th only way the American people can return to GOD. There is no
other way except through civil unrest. This will be the consquence of
their hedonistic, comsumptive, cut-throat lifestyle that spurs
socioeconomic inequality and break down. social darwinism the basis of
America's political, economic, moral, and social systems. Social
breakdown is the highest level of development for social darwinism
It is through the suffering and misery of this sytem in its higest form
of development, which the American people so lovingly embrace, even
those who suffer from the worst end of it, that the American people
will begin to realize that they must return to GOD.
So, yes, I do want to see social breakdown of the USA happen at an
acellerated rate, and I want to see it occur with the highest degree of
misery and suffering possible for the American people, so they can come
to know the folly of their cut thorat system of extreme individualistic
social darwinism as soon as possible. Only then will they embrace the
salvation of GOD.
2 Timothy, Chapter 3
1 But understand this: there will be terrifying times in the last days.
2 People will be self-centered and lovers of money, proud, haughty,
abusive, disobedient to their parents, ungrateful, irreligious,
3 callous, implacable, slanderous, licentious, brutal, hating what is
good,
4 traitors, reckless, conceited, lovers of pleasure rather than lovers
of God,
5 as they make a pretense of religion but deny its power. Reject them.
7 Ever learning, and never able to come to the knowledge of the truth.
===========================================================
Jer 25:14 For many nations and great kings shall serve themselves of
them also: and I will recompense them according to their deeds, and
according to the works of their own hands.
Jer 25:15 For thus saith the LORD God of Israel unto me; Take the wine
cup of this fury at my hand, and cause all the nations, to whom I send
thee, to drink it.
Jer 25:16 And they shall drink, and be moved, and be mad, because of
the sword that I will send among them.
Jer 25:27 Therefore thou shalt say unto them, Thus saith the LORD of
hosts, the God of Israel; Drink ye, and be drunken, and spue, and fall,
and rise no more, because of the sword which I will send among you.
Jer 25:28 And it shall be, if they refuse to take the cup at thine hand
to drink, then shalt thou say unto them, Thus saith the LORD of hosts;
Ye shall certainly drink.
==============================================================
***** AMERICA
.
User: "Werewolfy"

Title: Re: Leave the planet. 31 Jan 2006 06:23:31 PM
"This is th only way the American people can return to GOD."
It would seem that an apology is due.
I am very sorry that I have been critical, sarcastic even. It was
wrong. Of course, when I wrote those remarks, I didn't realise that you
were a lunatic.
It's a courageous act...standing here and telling us all that you are
deluded. I congratulate you on your bravery. We all wish you a speedy
recovery. That is if a recovery is possible of course.
I doubt that there is a cure for your illness though. I'm told that
certain medicines will reduce the effect.
Were you born mal-formed, or has your lunacy simply arrived by slow
progressive stages?
Be careful, Foamy, there are many strange things about that prey on
people like you. You know the sort of things...witches, alien invaders,
electric rays etc.
Werewolfy
.














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