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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
    More: Scary, Final Warning, Bundesbank, mass panic, gross domestic product, a.m. ET, slow downs, smart growth  
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4467 clicks; posted to Business » on 26 Apr 2013 at 8:29 AM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
View Voting Results: Smartest and Funniest

2013-04-26 09:11:15 AM  
3 votes:
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 04:49:41 PM  
2 votes:

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 12:25:18 PM  
2 votes:

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 11:26:53 AM  
2 votes:
What did Jim Kramer advise?  I need to know, so I can do the opposite.
2013-04-26 09:21:00 AM  
2 votes:

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 09:18:37 AM  
2 votes:
In other news, markets drop on reports that the markets will drop.
2013-04-26 08:32:08 AM  
2 votes:
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 05:02:44 PM  
1 vote:
So the stock market is open on Saturdays now?
2013-04-26 12:17:02 PM  
1 vote:

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 11:23:02 AM  
1 vote:

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 10:30:34 AM  
1 vote:
Sounds like the analyst is heavily invested on a short position.
2013-04-26 09:51:29 AM  
1 vote:
Good, time to buy.
2013-04-26 09:29:21 AM  
1 vote:
I've been all cash for months waiting for this moment
2013-04-26 09:12:05 AM  
1 vote:
Step 1: Buy stock.
Step 2: Put it in a drawer and forget about it for at least 5 years.
Step 3: Profit!
 
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