Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Things In The Market Are Getting Worse
TBI ^ | 5-14-2012 | Joe Weisenthal

Posted on 05/14/2012 6:54:01 AM PDT by blam

Things In The Market Are Getting Worse

Joe Weisenthal
May 14, 2012

Things are still getting worse.

The Dow is off 137.

Greece is off 5%.

Spain is down 2.9%.

Italy (shown here) is off 3.4%.


(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: economy; europe; finance; markets

1 posted on 05/14/2012 6:54:05 AM PDT by blam
[ Post Reply | Private Reply | View Replies]

To: blam

The DJIA is down 118 as I post

2 posted on 05/14/2012 6:56:17 AM PDT by blam
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

IMO, the real question is, can Obama hold the economy together long enough to get through the election?

I have long said that the economy is so fragile that Obama and all his government minions are doing all they can to push the economy past the election. Recall that Bernanke said just last week that we face the financial cliff at the end of this year or the start of next year (2013).

I think the feds have got the economy barely held together by bailing twine and chewing gum.


3 posted on 05/14/2012 6:59:47 AM PDT by Obadiah (2008: Hope & Change -- 2012: Fear & Retribution)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

SILLY CONSERVATIVE...
The Obama Plunge Protection Team will step in about 3:31PM EST to make sure the losses aren’t ‘Newsworthy’.

The markets cannot be allowed to crash until AFTER Election Day, no matter the cost to the taxpayer. THE MESSIAH MUST NOT BE ENDANGERED by bad economic news that doesn’t fit the current truth, no matter how much it costs you!


4 posted on 05/14/2012 7:04:36 AM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Obadiah
"I think the feds have got the economy barely held together by bailing twine and chewing gum. "

I'm in complete agreement.

I am worried...this is what we get for five(5) trillion dollars?

Obama will lose in a landslide.... albeit, I don't think Romney will have much better success with the economy.

5 posted on 05/14/2012 7:07:44 AM PDT by blam
[ Post Reply | Private Reply | To 3 | View Replies]

To: blam

Albert Einstein’s definition of insanity was doing the same thing over and over again...expecting a different outcome.

Maybe We the People can one day, in a defensive move, assemble a “play legislature”..and “play executive branch” for these fools to spend all day “regulating” and “taxing” to their hearts content..


6 posted on 05/14/2012 7:11:18 AM PDT by mo (If you understand, no explanation is needed. If you don't understand, no explanation is possible.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: blam
Spain is down 2.9%.

An interesting article on Spain's problem without the usual anti-capitalist spin.

I read where an author compared the present setup as a tapestry with loose threads. Pull one, and nothing happens; then two, three, etc. At some point a thread is pulled and the whole thing disintegrates. I keep thinking "Tomorrow's the key thread."

Trying to figure which thread (country) will do it and in the meantime update my supplies.

7 posted on 05/14/2012 7:11:48 AM PDT by Oatka (This is America. Assimilate or evaporate.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam
...this is what we get for five(5) trillion dollars?

Yeah, my thoughts too.

8 posted on 05/14/2012 7:16:11 AM PDT by GOPJ ( "A Dog In Every Pot" - freeper ETL)
[ Post Reply | Private Reply | To 5 | View Replies]

To: blam; Jim Robinson; SierraWasp; Ernest_at_the_Beach; steelie; tubebender; BOBTHENAILER; ...

California drivers have and are facing big jumps in gas prices as the price of oil comes down.

Who is to blame besides Obama, his Enviro eco terrorists.

Years ago, the Enviro eco terrorists forced California into using special blends for summer and fall/winter/spring driving.

So the few old California refineries, we have still running, have to shut down to throw the different and very expensive additives into the blend.

The refineries in Nevada/Oregone can’t ship their cheaper gasoline into Californai due to the enviro economic terrorists banning cheaper gasoline that doesn’t match their rigged formulas.

Prices in the past two week have exceeded a 25 cent increase per gallon with additional price increases to come.

Some experts are predicting that our gas prices in June/July will be setting new hig price records.

The link below show these increases being reported and predicted. I can’t post their stuff as most are copy righted.

http://www.bing.com/search?q=California+Gas+Prices+to+increase+in+May+2012&pc=HPDTDF&src=IE-SearchBox&first=1&FORM=PERE

The mediots out here avoid this reality everyyear.


9 posted on 05/14/2012 8:16:04 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam; Jim Robinson; SierraWasp; Ernest_at_the_Beach; steelie; tubebender; BOBTHENAILER; ...

California drivers have and are facing big jumps in gas prices as the price of oil comes down.

Who is to blame besides Obama, his Enviro eco terrorists.

Years ago, the Enviro eco terrorists forced California into using special blends for summer and fall/winter/spring driving.

So the few old California refineries, we have still running, have to shut down to throw the different and very expensive additives into the blend.

The refineries in Nevada/Oregone can’t ship their cheaper gasoline into Californai due to the enviro economic terrorists banning cheaper gasoline that doesn’t match their rigged formulas.

Prices in the past two week have exceeded a 25 cent increase per gallon with additional price increases to come.

Some experts are predicting that our gas prices in June/July will be setting new hig price records.

The link below show these increases being reported and predicted. I can’t post their stuff as most are copy righted.

http://www.bing.com/search?q=California+Gas+Prices+to+increase+in+May+2012&pc=HPDTDF&src=IE-SearchBox&first=1&FORM=PERE

The mediots out here avoid this reality everyyear.


10 posted on 05/14/2012 8:17:17 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

The market reminds me of what I called the Pelosi/Reid attack on the markets in April/May of 2007 plus the tax and spend policies of the PIIGs.

Fortunately, we had stop loss orders on our EFTs which really had no bad news or bad investments. They were whacked by the actions of Pelosi/Reid and those in charge of the PIIGs.

Now we are seeing the same thing happening with stocks and ETFs because of the wide spread periphal damage by the PIIGs and Obozo and his policies.

This time, we probably don’t have a year plus before the bottom falls out like it did in the summer of 2008.


11 posted on 05/14/2012 8:41:33 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

“Things In The Market Are Getting Worse”

There is no market.

As long as government pensions AND government fascist contractors are “in” the so called “market”, the market is contaminated, polluted, poisoned.

The bailout of 2008, all bribes for the fascists. Phony-care, bribes for the fascists. They know prices can’t handle the Commies, so they’ve hoisted the False-Man, from Massachusetts.


12 posted on 05/14/2012 8:56:30 AM PDT by Varsity Flight (Phony-Care is the Government Work-Camp: Arbeitsziehungslager)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Grampa Dave

Hmmmm....in Oregon our gas prices jumped about 15 cents in one day....we’ve been trying to figure out why...??? Seems we would have lower prices if we have a glut (can’t ship to California?)


13 posted on 05/14/2012 9:04:17 AM PDT by goodnesswins (What has happened to America?)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Varsity Flight

...and the False-Man from Massachusetts, is to strong-arm anyone with any assets, “labor-camp”=Phony-care , begin a war, or all three.


14 posted on 05/14/2012 9:09:44 AM PDT by Varsity Flight (Phony-Care is the Government Work-Camp: Arbeitsziehungslager)
[ Post Reply | Private Reply | To 12 | View Replies]

To: goodnesswins

The “15 trillion” price pressure plus deflation.


15 posted on 05/14/2012 9:12:22 AM PDT by Varsity Flight (Phony-Care is the Government Work-Camp: Arbeitsziehungslager)
[ Post Reply | Private Reply | To 13 | View Replies]

To: blam; All
Obama will lose in a landslide.... albeit, I don't think Romney will have much better success with the economy.

The question begs, will he unleash the inner Bain-Beast of Slash and Burn of Fedzilla's bloated internals, or will he pull a GWB-2 of great tax policy and spend like a drunken sailor.

For that reason, we need to get rid of Boenher and McConnell from their leadership roles, and we need to send more Tea Party Types as re-enforcements for those their..

Be patient Col. West and Rand Paul, help is on the way...

16 posted on 05/14/2012 9:24:49 AM PDT by taildragger (( Palin / Mulally 2012 ))
[ Post Reply | Private Reply | To 5 | View Replies]

To: blam

I think if Romney gets elected we’ll see an immediate spike in hiring, consumer spending, housing sales, and personal and business loans. All without Romney having to do anything except get elected.


17 posted on 05/14/2012 9:44:21 AM PDT by GeorgeWashingtonsGhost
[ Post Reply | Private Reply | To 5 | View Replies]

To: Grampa Dave
"The mediots out here avoid this reality everyyear. "

Isn't there also a prohibition of the import of electricity generated by coal fired generating plants?

Isn't this also the cheapest form of electricity generation?

18 posted on 05/14/2012 9:47:51 AM PDT by blam
[ Post Reply | Private Reply | To 10 | View Replies]

To: taildragger
"The question begs, will he unleash the inner Bain-Beast of Slash and Burn of Fedzilla's bloated internals, or will he pull a GWB-2 of great tax policy and spend like a drunken sailor. "

Most don't realize that either approach arrives at the same point, complete collapse of the economy.

There is no (peaceful) way back from here.

19 posted on 05/14/2012 9:54:54 AM PDT by blam
[ Post Reply | Private Reply | To 16 | View Replies]

To: blam; Quix; Alamo-Girl; M. Espinola; whitedog57; stephenjohnbanker; Chunga85; All
Thanks for posting this info along with the great chart !

JPMorgan's $2B Loss: A Preview Of The Coming Derivatives Market Collapse

Jobless Americans to lose unemployment benefits

There are even bigger problems out there developing right now. Like JP Morgan's huge employee bonuses and plus benefits packages while normal people are forced to face bankruptcy while genuine crooks go free as birds and play in the sunshine. Like possible violent class warfare. Like riots in the streets just like Greece and a long delayed revolution just like in the late 1770's. Like food shortages and empty store shelves and people begging in the streets.

We are virtual economic slaves today who have been fooled by media into believing we are free. We are just like the Greeks -- Open class warfare is just around the corner.

Review my other recent posts if you are so inclined.

20 posted on 05/14/2012 9:59:33 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Grampa Dave

The price of gas in WA is up, up, up these past couple weeks yet all of the news says prices are decreasing. Is CA driving it up? I saw $4.45/gal for Chevron Supreme this morning on the way to work. It was $4.17/gal not 10 days ago.........


21 posted on 05/14/2012 10:08:16 AM PDT by SW6906 (6 things you can't have too much of: sex, money, firewood, horsepower, guns and ammunition.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: blam
GARY SHILLING: Home Prices Will Plummet 20% From Here
22 posted on 05/14/2012 10:25:24 AM PDT by blam
[ Post Reply | Private Reply | To 19 | View Replies]

To: SW6906
$3.70 at the Irving Station in Farmington, NH as I drove by this morning.
23 posted on 05/14/2012 10:37:31 AM PDT by Little Bill (Sorry)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Grampa Dave
Well, I'm gonna miss some of it because I'm gonna be out of state from June 20 till about July 20. 50th Anniversary trip by RV to Seward and Homer AK.

You are absolutely correct about all the orchestration. Reminds me of the orchestration of everything Obama and GANG-GREEEN!!! (BLEEP 'em)

24 posted on 05/14/2012 10:44:47 AM PDT by SierraWasp ("GovernMental austerity first, THEN conservative prosperity!!! Austerity breeds properity!!!)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Grampa Dave; SierraWasp
If You Live In California Things Just Got A Whole Lot Worse
25 posted on 05/14/2012 10:51:49 AM PDT by blam
[ Post Reply | Private Reply | To 10 | View Replies]

To: tcrlaf
The markets cannot be allowed to crash until AFTER Election Day, no matter the cost to the taxpayer. THE MESSIAH MUST NOT BE ENDANGERED by bad economic news that doesn’t fit the current truth, no matter how much it costs you!

What! There is market manipulation? Seriously, what hasn't been corrupted in this once great nation?

26 posted on 05/14/2012 11:00:12 AM PDT by Digger (If RINO is your selection then failure is your election)
[ Post Reply | Private Reply | To 4 | View Replies]

To: blam

” Most don’t realize that either approach arrives at the same point, complete collapse of the economy.

There is no (peaceful) way back from here. “

Nope.


27 posted on 05/14/2012 11:19:45 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: SW6906

“The price of gas in WA is up, up, up these past couple weeks yet all of the news says prices are decreasing. Is CA driving it up? I saw $4.45/gal for Chevron Supreme this morning on the way to work. It was $4.17/gal not 10 days ago.........”

Wow, that is even worse than in Californicator land.

Did the enviro eco terrorist put in new gas recipes on the state, while no one was looking?


28 posted on 05/14/2012 11:34:43 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
[ Post Reply | Private Reply | To 21 | View Replies]

To: goodnesswins

Check on your gasoline recipes for late spring/summer driving to see if your enviro terrorists sneaked a new expensive formula in.


29 posted on 05/14/2012 11:37:01 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
[ Post Reply | Private Reply | To 13 | View Replies]

To: blam

We probably haven’t had coal powered electricity in decades.


30 posted on 05/14/2012 11:38:44 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Grampa Dave; thackney

I read somewhere that 20% of our (CA) electicity comes from nuclear and a lesser percentage from hydro, so where’s the rest coming from if it ain’t coal? It sure isn’t wind and solar, both of which don’t come near to hydro. Let me see if Thackney knows...


31 posted on 05/14/2012 3:46:24 PM PDT by SierraWasp ("GovernMental austerity first, THEN conservative prosperity!!! Austerity breeds properity!!!)
[ Post Reply | Private Reply | To 30 | View Replies]

To: SierraWasp

Net Generation by Energy Source: Total (All Sectors), 1998 through February 2012
http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_1_1

If you look at the data in the link above, you will see it wasn't that long ago when coal was ~50%.

32 posted on 05/14/2012 3:52:32 PM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 31 | View Replies]

To: SierraWasp

Whoops, missed that CA qualifier. That was the whole US.

Give me a minute.


33 posted on 05/14/2012 3:56:17 PM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 31 | View Replies]

To: SierraWasp

1.3% Coal
0.4% Petroleum
47.8% Natural Gas
0.8% Other Gases
16.2% Nuclear
21.1% Hydroelectric Conventional
1.9% Wind
0.01% Solar Thermal and Photovoltaic
2.1% Wood and Wood Derived Fuels
7.6% Geothermal
1.3% Other Biomass
-0.7% Pumped Storage
0.3% Other

http://www.eia.gov/cneaf/electricity/epa/generation_state_mon.xls

Note: Pumped Storage is negative because it is storing energy produced by another source for use at the peak. The losses in this system result in negative percentage. It provides power when you need it, but it takes power to do so.


34 posted on 05/14/2012 4:01:32 PM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 31 | View Replies]

To: blam

IMHO, markets tanked in ‘08 when it became clear Obama would win (the market is forward-looking).

I’d expect a similar uptick when Romney (i.e, anybody-but-Obama) becomes the heir-apparent.


35 posted on 05/14/2012 4:08:06 PM PDT by P.O.E. (Pray for America)
[ Post Reply | Private Reply | To 5 | View Replies]

To: thackney; Grampa Dave
Thanks so much.

As usual you are always right in touch with the most current data.

36 posted on 05/14/2012 5:16:50 PM PDT by SierraWasp ("GovernMental austerity first, THEN conservative prosperity!!! Austerity breeds properity!!!)
[ Post Reply | Private Reply | To 34 | View Replies]

To: thackney

That’s ok. As usual I was so far off that I really needed your help. Thanks again!!!


37 posted on 05/14/2012 5:19:03 PM PDT by SierraWasp ("GovernMental austerity first, THEN conservative prosperity!!! Austerity breeds properity!!!)
[ Post Reply | Private Reply | To 33 | View Replies]

To: GeorgeWashingtonsGhost
I know Romney ain't my first, or second choice but he's my choice now...and I'll I want is to have some HOPE...hope for my children to live in a real America...

I want some hope...I want to be able to sleep at night...

38 posted on 05/14/2012 10:35:01 PM PDT by cherry
[ Post Reply | Private Reply | To 17 | View Replies]

To: blam; thackney

Thanks to Thackney, we now have the answer to coal powered electricity in Californiacator land, 1.3%.

I wonder where any surviving coal powered electrical generator plants are. I think that maybe a few that are only used in high demand days just before Californiacator land goes black with a power outage.

The good thing about Gray Davis’s rolling black out days followed by the Green Arnold was the approval, building and getting on line, new natural gas powered electro plants.

1.3% Coal
0.4% Petroleum
47.8% Natural Gas
0.8% Other Gases
16.2% Nuclear
21.1% Hydroelectric Conventional
1.9% Wind
0.01% Solar Thermal and Photovoltaic
2.1% Wood and Wood Derived Fuels
7.6% Geothermal
1.3% Other Biomass
-0.7% Pumped Storage
0.3% Other

http://www.eia.gov/cneaf/electricity/epa/generation_state_mon.xls

Note: Pumped Storage is negative because it is storing energy produced by another source for use at the peak. The losses in this system result in negative percentage. It provides power when you need it, but it takes power to do so.

34 posted on Monday, May 14, 2012 4:01:32 PM by thackney (life is fragile, handle with prayer


39 posted on 05/15/2012 6:56:50 AM PDT by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Grampa Dave

ACE (ARGUS COGEN EXPANSION) COGEN, ACE COGENERATION SAN BERNARDINO 108.00 MW

NORTH AMERICAN CHEMICAL CO., ACE COGEN SAN BERNARDINO 55.00 MW

BP WILMINGTON CALCINER, CA CALCINER AT LONG BEACH LOS ANGELES 34.00 MW

RIVERSIDE CEMENT CO., TXI RIVERSIDE CEMENT POWER HOUSE SAN BERNARDINO 24.00 MW

HANFORD COGEN, HANFORD L.P. KINGS 24.00 MW

GWF - WILBUR II, GWF POWER SYSTEMS INC. #4 CONTRA COSTA 20.50 MW

GWF - E. 3RD ST PLANT, GWF POWER SYSTEMS INC. #1, EAST THIRD STREET POWER PLANT CONTRA COSTA 19.00 MW

GWF - LOVERIDGE, GWF POWER SYSTEMS INC. #2, LOVERIDGE ROAD POWER PLANT CONTRA COSTA 19.00 MW

GWF - WILBUR I, GWF POWER SYSTEMS INC. #3 CONTRA COSTA 19.00 MW

GWF POWER SYSTEMS INC. #5, NICHOLAS ROAD POWER PLANT CONTRA COSTA 19.00 MW

The last six use petroleum coke (refinery leftover product) as their primary fuel, but can burn coal as well. The second and the fourth are coal gasification. All are operational, all are Cogeneration units (meaning part of another system like generating heat for another process).

http://www.energyalmanac.ca.gov/powerplants/Power_Plants.xls


40 posted on 05/15/2012 7:23:08 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 39 | View Replies]

To: blam; Quix; Alamo-Girl; M. Espinola; whitedog57; stephenjohnbanker; Chunga85; All
Jim Rogers Attacks Bernanke and Warns of Social Unrest in America and in Europe

Also criticizes our totally corrupt and fake two party system

41 posted on 05/15/2012 9:08:05 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
[ Post Reply | Private Reply | To 20 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson