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Old 07-18-2011, 01:08 PM
 
2,311 posts, read 3,505,495 times
Reputation: 1223

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Quote:
Originally Posted by CAVA1990 View Post
I doubt it. They're making plenty of money offshore and in the B2B markets. You'll be eating dog food long before the banks become insolvent.
BofA Mortgage Settlements Magnify Capital Strain as $50 Billion Gap Looms - Bloomberg



No problems here... Meh, reality will be what it is. Thankfully you can make money in markets betting on your understanding of reality as opposed to trying to convince a populous that doesn't want to see it.
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Old 07-18-2011, 01:38 PM
 
12,823 posts, read 24,399,956 times
Reputation: 11042
There are lots of IPOs going on right now with Web 2.0 companies.

Also, people are looking for alternatives to the money market. There are some tax advantages to direct investment in a start up.

We'll see how it all plays out.
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Old 07-18-2011, 02:28 PM
 
296 posts, read 614,282 times
Reputation: 231
Shouldn't we be on web 4.0 by now?
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Old 07-18-2011, 03:37 PM
 
2,311 posts, read 3,505,495 times
Reputation: 1223
Quote:
Originally Posted by BayAreaHillbilly View Post
There are lots of IPOs going on right now with Web 2.0 companies.

Also, people are looking for alternatives to the money market. There are some tax advantages to direct investment in a start up.

We'll see how it all plays out.
Lots of overvalued IPOs waiting to sucker and fleece people yeah...
...

We'll see .. my LNKD,ZIP, and P put options are playing out just nicely...
All of these companies are 'worth something' but certainly not worth what price they are at. I could just marvel at double rainbows but it's never really made me money.
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Old 07-18-2011, 03:43 PM
 
Location: Phoenix, AZ
1,108 posts, read 3,321,512 times
Reputation: 1109
Hate to be a buzz kill but Cisco is laying off 11,500 workers. (http://www.cnbc.com/id/43800031 - broken link)The first wave of 5000 are going this month.
Sorry.

Last edited by _Charles_; 07-18-2011 at 04:09 PM..
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Old 07-18-2011, 03:55 PM
 
2,311 posts, read 3,505,495 times
Reputation: 1223
Quote:
Originally Posted by _Charles_ View Post
Hate to be a buzz kill but Cisco is laying off 11,500 workers. (http://www.cnbc.com/id/43800031 - broken link)The frirst wave of 5000 are going this month.
Sorry.
Yep.. Next up is HP w/ around 5,000 .. Helps to have an ear to the ground. This is not a shock though.. From insiders, the company has been ripped apart and exploited from within due to its short cited hiring and acquisition practices....

Once a gem of the valley.... now a behemoth circling the drain. Got Short off last earnings report .. Going to cash in going into the next earnings report.. I have a feeling the market is going to fade the news (layoffs) to the downside one more time ... another $1 or so is going to be shaved off the share price before its all over.
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Old 07-18-2011, 05:32 PM
 
Location: Police State
1,472 posts, read 2,410,201 times
Reputation: 1232
Quote:
Originally Posted by CAVA1990 View Post
Are you questioning our government?

http://www.census.gov/prod/2003pubs/censr-12.pdf

Oh wait, that was published during the Bush Administration.
Did it account for all 57 states?
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Old 07-18-2011, 06:11 PM
 
2,311 posts, read 3,505,495 times
Reputation: 1223
Borders Bookstore Will Eliminate 11,000 Jobs, Close 400 Remaining Stores
Put another 11,000 up on the layoff list. Borders caught no bid for buyout .. (gg)
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Old 07-18-2011, 07:40 PM
 
12,823 posts, read 24,399,956 times
Reputation: 11042
All the Old Tech firms are still in bad economy mode. You bet there will be more layoffs.

"Jobless recovery" - how about "negative jobs recovery?"
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Old 07-18-2011, 07:59 PM
 
5,113 posts, read 5,971,685 times
Reputation: 1748
Quote:
Originally Posted by BayAreaHillbilly View Post
All the Old Tech firms are still in bad economy mode. You bet there will be more layoffs.

"Jobless recovery" - how about "negative jobs recovery?"
The sad thing is Obama through out the term "jobless recovery" ... but what makes it worse is people actually accepted it ... hook, line and sinker

Corrupted politicians like Obama count on voting idiots.
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