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(CNBC)   Final warning: stocks set to collapse tomorrow on inaccurate Q1 GDP estimates. Forecasts average 3.2%. Reality is zero growth. Investors will crowd the exits in a mass panic   (cnbc.com) divider line 47
    More: Scary, Final Warning, Bundesbank, mass panic, gross domestic product, a.m. ET, slow downs, smart growth  
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4450 clicks; posted to Business » on 26 Apr 2013 at 8:29 AM (51 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-04-26 08:21:19 AM
As of 8AM eastern, S&P futures (June expiration) were down 0.3%.
 
2013-04-26 08:32:08 AM
Or those investors could pound the companies they're investing in for farking up. After all, the lack of growth is their fault.
 
2013-04-26 08:44:00 AM
2.5% in Q1. I suppose this means Wall Street will throw a shiat fit now.
 
2013-04-26 09:03:23 AM
That's a rather dumb article attributing 3% prediction to "economists" without weighting that many economists are completely ignored and some who have a track record of being right, like Maria Fiorini Ramirez Inc, were spot on again.

CNBC has either been getting dumber or I'm getting smarter.  One of those is much more likely than the other.
 
2013-04-26 09:11:15 AM
CNBC ceased being a legitimate business news network when Mark Haines died.  He was the last shred of journalist integrity on there.  Bloomberg is a real business news channel.
 
2013-04-26 09:12:05 AM
Step 1: Buy stock.
Step 2: Put it in a drawer and forget about it for at least 5 years.
Step 3: Profit!
 
2013-04-26 09:18:35 AM
www.realclearsports.com
 
2013-04-26 09:18:37 AM
In other news, markets drop on reports that the markets will drop.
 
2013-04-26 09:21:00 AM

drewbob21: CNBC ceased being a legitimate business news network when Mark Haines died.  He was the last shred of journalist integrity on there.  Bloomberg is a real business news channel.


I still like David Faber.  CNBC killed it for me the moment they decided they had to compete with Fox Business which meant they decided to get louder and dumber.  According to some articles I read, they decided that viewers wanted the hosts to be more spontaneous.

While I suppose it sounded good in the marketing meeting to get "unfiltered" opinions, the unfiltered opinions were in the form of Joe Kernen trying to be witty.  That dude is the biggest douche on cable news - an incredible feat in itself.
 
2013-04-26 09:29:21 AM
I've been all cash for months waiting for this moment
 
2013-04-26 09:51:29 AM
Good, time to buy.
 
2013-04-26 09:55:42 AM
hmm. the dow is up a little right now.
 
2013-04-26 10:06:30 AM

FlashHarry: hmm. the dow is up a little right now.


I was hoping for a nice little drop here because I have to allocate some money.
 
2013-04-26 10:19:40 AM
How can they collapse tomorrow? It's Saturday, and the stock traders are too lazy (or too Shabbat observant) to collapse stocks on the weekend!
 
2013-04-26 10:30:34 AM
Sounds like the analyst is heavily invested on a short position.
 
2013-04-26 10:33:26 AM

DarkSoulNoHope: How can they collapse tomorrow? It's Saturday, and the stock traders are too lazy (or too Shabbat observant) to collapse stocks on the weekend!


Anti-semite.
 
2013-04-26 10:51:05 AM
Oh my god... The Dow's only up 0.15%. Time to stock up on canned food and shot gun shells. Nice knowing you all :(
 
2013-04-26 10:54:51 AM

drewbob21: CNBC ceased being a legitimate business news network when Mark Haines died.  He was the last shred of journalist integrity on there.  Bloomberg is a real business news channel.


Plus, Sara Eisen makes my pants parts tingly in the mornings.
 
2013-04-26 10:59:43 AM

drewbob21: CNBC ceased being a legitimate business news network when Mark Haines died.  He was the last shred of journalist integrity on there.  Bloomberg is a real business news channel.


And, then CNBC goes and buys out Nightly Business Report on PBS.  And I'm like...

img529.imageshack.us
 
2013-04-26 11:02:40 AM
Yaaay my investments in canned food and shotguns will pan out!
 
2013-04-26 11:21:05 AM
I suppose this is good news for people lucky and rich enough to have money to invest...
 
2013-04-26 11:23:02 AM

drewbob21: CNBC ceased being a legitimate business news network when Mark Haines died.  He was the last shred of journalist integrity on there.  Bloomberg is a real business news channel.


I miss that dude.  I tune in from time to time hoping to see Santelli have a meltdown on the floor when they call him out for his dumbassness.
 
2013-04-26 11:23:29 AM

drewbob21: CNBC ceased being a legitimate business news network when Mark Haines died.  He was the last shred of journalist integrity on there.  Bloomberg is a real business news channel.


Bloomberg is so much better than CNBC it isn't funny.
 
2013-04-26 11:26:53 AM
What did Jim Kramer advise?  I need to know, so I can do the opposite.
 
2013-04-26 11:37:34 AM

FishyFred: DarkSoulNoHope: How can they collapse tomorrow? It's Saturday, and the stock traders are too lazy (or too Shabbat observant) to collapse stocks on the weekend!

Anti-semite.


G-d made me too bitter to be an anti-semite, though I still wonder what it would have been like to have foreskin.
 
2013-04-26 11:38:46 AM
That article was like reading about people trying to guess the next 4 rolls of a dice.
 
2013-04-26 11:55:33 AM
Of course it is less than 3% this has been the case for three years under obama. Summer of recovery is always in the next quarter.
 
2013-04-26 12:02:52 PM

born_yesterday: What did Jim Kramer advise?  I need to know, so I can do the opposite.


Hit hit the machine gun button and the "house of pain" three times. Does anyone speak "Kramerese" that can translate that into english?
 
2013-04-26 12:17:02 PM

MyRandomName: Of course it is less than 3% this has been the case for three years under obama. Summer of recovery is always in the next quarter.


That's because he is holding the line on government spending growth, which is unfortunately one of the major forces driving economic growth. They are playing a balancing game. After steady growth each year under Bush, spending has been pretty much flat under Obama, which hurts the economy. Curse you Obama!
 
2013-04-26 12:25:18 PM

KarmicDisaster: MyRandomName: Of course it is less than 3% this has been the case for three years under obama. Summer of recovery is always in the next quarter.

That's because he is holding the line on government spending growth, which is unfortunately one of the major forces driving economic growth. They are playing a balancing game. After steady growth each year under Bush, spending has been pretty much flat under Obama, which hurts the economy. Curse you Obama!


It's because the GOP keeps blocking spending bills that would put people to work.
 
2013-04-26 12:30:18 PM
Speculators are different than investors right?  Right??
 
2013-04-26 12:47:06 PM

born_yesterday: What did Jim Kramer advise?  I need to know, so I can do the opposite.


He smashed a coffee cup with a baseball bat and said to buy Bear Stearns.
 
2013-04-26 01:13:53 PM

born_yesterday: What did Jim Kramer advise?  I need to know, so I can do the opposite.


He said to not kill yourself and fark your mother
 
2013-04-26 01:42:03 PM
*snickers*

Every time we are in a good, growing economy, the media trots out the "OMG we are on the edge of economic collapse" articles. This is why I'm throwing money at stocks right now.

Right before 2008? All the articles had changed to "This is awesome it's never gonna end we're gonna grow forever!!" That's when you bail. (I didn't have any in at the time, so I didn't have to worry about pulling out--hehe)
 
2013-04-26 01:52:01 PM

Peki: *snickers*

Every time we are in a good, growing economy, the media trots out the "OMG we are on the edge of economic collapse" articles. This is why I'm throwing money at stocks right now.

Right before 2008? All the articles had changed to "This is awesome it's never gonna end we're gonna grow forever!!" That's when you bail. (I didn't have any in at the time, so I didn't have to worry about pulling out--hehe)


That sounds about as reliable as someone who says they've got a system to beat the House in Vegas.
 
2013-04-26 02:27:23 PM

Rapmaster2000: drewbob21: CNBC ceased being a legitimate business news network when Mark Haines died.  He was the last shred of journalist integrity on there.  Bloomberg is a real business news channel.

I still like David Faber.  CNBC killed it for me the moment they decided they had to compete with Fox Business which meant they decided to get louder and dumber.  According to some articles I read, they decided that viewers wanted the hosts to be more spontaneous.

While I suppose it sounded good in the marketing meeting to get "unfiltered" opinions, the unfiltered opinions were in the form of Joe Kernen trying to be witty.  That dude is the biggest douche on cable news - an incredible feat in itself.


www.talkingbiznews.com
static2.businessinsider.com
encrypted-tbn1.gstatic.com
 
2013-04-26 03:23:42 PM

GoldSpider: I suppose this is good news for people lucky and rich enough to have money to invest...


It is called an IRA.
 
2013-04-26 04:45:33 PM

Eddie Adams from Torrance: In other news, markets drop on reports that the markets will drop.


sad part is, you're absolutely right.....
 
2013-04-26 04:49:41 PM

Intrepid00: GoldSpider: I suppose this is good news for people lucky and rich enough to have money to invest...

It is called an IRA.


And Dollar-Cost-Averaging

I recall a graph I saw once called 'the high cost of failure'.  Showed what would happen if you invested 10,000, but then the stock tanked but then grew at double the S&P for ten years or so....so I ran the numbers myself.  Original graph was right...HOWEVER if I put the growth rate back to normal and spread out the 10,000 over those ten years, the result was almost double what the 'best case' (the growth it was trying to tell you that you missed) was...

I've never listened to economic chicken little's ever since.

Market goes up?  Great.  My investments are worth more.
Market goes down?  Great.  I can increase my holdings in good positions even more cheaply...
 
2013-04-26 04:53:47 PM

WhyteRaven74: Or those investors could pound the companies they're investing in for farking up. After all, the lack of growth is their fault.


I suspect that's part of the problem, actually.
 
2013-04-26 05:02:44 PM
So the stock market is open on Saturdays now?
 
2013-04-26 05:43:21 PM
Coming up on 3PM here on the west coast. Has the economy collapsed yet?
 
2013-04-26 05:50:55 PM

dragonfire77: I've never listened to economic chicken little's ever since.

Market goes up? Great. My investments are worth more.
Market goes down? Great. I can increase my holdings in good positions even more cheaply...


Yup. Been investing 15% of my income since I made south of $15 an hour and I've never sold a thing. Total stock market index is not sexy but it does ok when you keep shoveling money at it every two weeks for a few decades. Rain or shine. For us non day trading geniuses it's the guys who stay in when everything is supposed to suck who make the most money when the worm turns. because you kept accumulating shares at a discount the whole time the sky was falling.
 
2013-04-26 06:15:24 PM

JohnBigBootay: dragonfire77: I've never listened to economic chicken little's ever since.

Market goes up? Great. My investments are worth more.
Market goes down? Great. I can increase my holdings in good positions even more cheaply...

Yup. Been investing 15% of my income since I made south of $15 an hour and I've never sold a thing...


Right now I'm trying to get my partner to understand this-- I need to find a chart showing what you both describe, because no one I know who hasn't already done research into stock purchasing understands how buying $10K over 10 years is more effective than $10K today.  The push-back arguments are "but I expect it to be higher in 10 years so obviously owning more today is better".

I'll look for a chart to hold up and say "actually not so much".
 
2013-04-26 07:22:02 PM

exactly three days: JohnBigBootay: dragonfire77: I've never listened to economic chicken little's ever since.

Market goes up? Great. My investments are worth more.
Market goes down? Great. I can increase my holdings in good positions even more cheaply...

Yup. Been investing 15% of my income since I made south of $15 an hour and I've never sold a thing...

Right now I'm trying to get my partner to understand this-- I need to find a chart showing what you both describe, because no one I know who hasn't already done research into stock purchasing understands how buying $10K over 10 years is more effective than $10K today.  The push-back arguments are "but I expect it to be higher in 10 years so obviously owning more today is better".

I'll look for a chart to hold up and say "actually not so much".


There's tons out there. Here's one...

http://www.wikinvest.com/wiki/Dollar_Cost_Averaging
 
2013-04-27 11:47:19 AM
more bullshiat from the Master Bullshiat Artists talking heads who are paid by Big Business criminals to spread big business propaganda.

nothing to see here.
 
2013-04-27 11:48:05 AM

guilt by association: 2.5% in Q1. I suppose this means Wall Street will throw a shiat fit now.



lets all spread our cheeks wide for wall street criminals.  its the American thing to do.
 
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