Maybe some hope for the markets - From Bloomberg

[dex]

Bloomberg.com: Exclusive

Jan. 20 (Bloomberg) -- The Dow Jones Industrial Average fell 14 percent between Barack Obama’s election and Inauguration Day, the biggest decline ever. The second-biggest drop gave way to a 75 percent rally in 1933.
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I don't think it will happen. Too many people will sell into the rally.
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The chart comparison does look nice.

 

[Spanky]

Like his fellow Democrat, Obama plans to create jobs and boost the economy by investing in roads, bridges and public buildings ..

Will more spending in transportation create enough jobs to revive the ailing economy?

 

[dex]

Will more spending in transportation create enough jobs to revive the ailing economy?

I have to agree with you on that one. I think we have enough roads. What did the Boston Big Dig cost 15Billion?

My preference would be power infrastructure, nuclear energy, oil refineries, wind power, etc so we have the power for those electrical autos etc - without that power we will be looking like a 3rd world country.

All those new LCD TVs require more power than the CRT TVs

 

[Nords]

I have to agree with you on that one. I think we have enough roads. What did the Boston Big Dig cost 15Billion?
My preference would be power infrastructure, nuclear energy, oil refineries, wind power, etc so we have the power for those electrical autos etc - without that power we will be looking like a 3rd world country.
All those new LCD TVs require more power than the CRT TVs

Hey hey hey, Hawaii's sewer system needs a $1.2B (with a capital "B") upgrade and we have several dozen bridges around the state on their last legs. One of the two main bridges out of our neighborhood is 75 years old, and its replacement cost is well north of $100M.

We finally have a Hawaii resident in the White House. Let's give him a chance to see what he can do with our infrastructure...

 

[NW-Bound]

All the infrastructure spending will not help bankers and financial types who do not have calluses on their hand due to shoveling.

No wait! Will those guys who caused this mess get involved in this again, somehow?

 

[2B]

By the time all this infrastructure gets going the recession will be over. It will take years to get projects approved and into engineering. Engineering will take a year or more before "work" can begin.

Right now I'm seeing all sorts of projects getting cancelled while they're in engineering. They are to upgrade refineries and chemical plants. Some aren't economical at $40 oil and some are economical but financing has been pulled. Our [-]idiot[/-] congress could fund these and keep people working that will be out of a j*b soon. They won't because they'd rather get pork for their district.

Heaven forbid they fund nuclear plants (like their beloved European socialists do) and actually do something about energy that would mean something.

The market has pretty much told Obama and the dems what it thinks of them and the horses they rode in on. Jan 20 was an exclamation point.

Rant over. Feel free to move it to the Soapbox.

 

[Ed_The_Gypsy]

I am with Nords. Bridges and water treatment are in really bad shape in the US.

 

[ziggy29]

Hey now -- only doom and gloom will be tolerated here!

 

[RonBoyd]

Hey now -- only doom and gloom will be tolerated here!

That makes eleven:

10 Best Gloom And Doom Sites | 10SitesToSee

or maybe its this:

Hulu - Dilbert Animated Cartoons: Cloud of Doom

 

[Dawg52]

Bloomberg.com: Exclusive

Jan. 20 (Bloomberg) -- The Dow Jones Industrial Average fell 14 percent between Barack Obama’s election and Inauguration Day, the biggest decline ever. The second-biggest drop gave way to a 75 percent rally in 1933.
+++++
I don't think it will happen. Too many people will sell into the rally.
+++++
The chart comparison does look nice.

I won't sell if you don't. I'll take a 75% rally. And that would get us back to a 14k DOW by year end, like I predicted in another thread.

 

[NW-Bound]

Don't rejoice as yet!

That 75% rally was in 1933, and preceded by a huge drop from the top. I do not have the number handy, but it brought the market to nowhere near the top.

PS. Here we go. Market top was 381 on September 3, 1929. Bottom was 41 on July 8, 1932. Sooo, 75% gain from 41?

I'd rather we do not make any comparison to the Great Depression. It is, you know, too depressing.

 

[unclemick]

Fiend's SuperBear Page was my favorite back right before and after the 2000 bubble pop.

Boy o boy o boy - tthis is getting to be fun - the old cheap bastardhood juices are starting to stir - bib overalls, shut off the the electricity, beater truck with rusty fender, cancel medical insurance, etc, etc .

Maybe a used webtv.

Nah - you can never go home again. They are gentrifying my old section of the swamp - bulkheads/fill, 20 ft pilings instead of 12, put in a new bridge.

No more living cheap but good.

At least Kansas isn't too bad.

heh heh heh - Now if that red line in the graph starts sloping down - we're all in trouble. The rest is just little market fluctuation - or 'that's entertainment'. Right? Remember the old saw 1929 took out the rookies, 1937 got the pro's.

 

[NW-Bound]

When we were in New Orleans, perhaps 10 years back, we drove across Lake Pontchartrain on the long causeway. Then, we explored the other shore. Always wanting to be on or near the water, I was intrigued when finding an abandoned house on pilings, at the end of a road and with several really nice homes nearby. Should I buy it and rebuild it? Of course, it was bigger than I could chew, and remained a fantasy. It may not be standing anymore.

Anyway, I should be able to push the kids out of the house in a few more years, when they are out of college. Cheap bastardhood sounds like fun to me. Wonder if my wife would go along?

Does she have any choice? Heh heh heh...

 

[W2R]

When we were in New Orleans, perhaps 10 years back, we drove across Lake Pontchartrain on the long causeway. Then, we explored the other shore. Always wanting to be on or near the water, I was intrigued when finding an abandoned house on pilings, at the end of a road and with several really nice homes nearby. Should I buy it and rebuild it? Of course, it was bigger than I could chew, and remained a fantasy. It may not be standing anymore.

Anyway, I should be able to push the kids out of the house in a few more years, when they are out of college. Cheap bastardhood sounds like fun to me. Wonder if my wife would go along?

Does she have any choice? Heh heh heh...

There are plenty of abandoned homes available for almost nothing in the New Orleans area, though in some neighborhoods homes sat in flood water for weeks after Katrina. Come on down!

Naturally, if you'd like a home that has never flooded and hasn't been abandoned, you can buy mine but it will cost more.

 

[NW-Bound]

But from what I heard, you don't have any nutria burrowing in the back yard. Source of protein, you know? Heh heh heh.

 

[W2R]

But from what I heard, you don't have any nutria burrowing in the back yard. Source of protein, you know? Heh heh heh.

There are canals 2 blocks away to the west, 3 blocks away to the south, and 3 blocks away to the north. You can go down to any of the canals and take all the nutria you want and can carry. They don't come into my yard (too lazy to walk that far, I guess), though every few years when the parish is digging in the canals sometimes a rat or two comes this far. Normally not.

The pitiful thing is that with all so many canals in the New Orleans metro area, the above doesn't even constitute identifying information.

 

[Gearhead Jim]

There are plenty of abandoned homes available for almost nothing in the New Orleans area
...

Houses are cheap but the expense of ammunition makes them uneconomical.

 

[haha]

Cheap bastardhood sounds like fun to me. Wonder if my wife would go along?

Does she have any choice? Heh heh heh...

Yes, she has a lot of choice. If you haven't already, just try her.

Ha

 

[NW-Bound]

Nah! She would stand by her man.

Actually, I hope to never need to find out.

 

[haha]

Nah! She would stand by her man.

I believe that song may be ironic.

 

[CCdaCE]

But from what I heard, you don't have any nutria burrowing in the back yard. Source of protein, you know? Heh heh heh.

Cute buggers, for rodents.

Betcha they'd make damn fine targets in a varmint rifles scope. Provided they're outta control, of course.

-CC

 

[CCdaCE]

I have to agree with you on that one. I think we have enough roads. What did the Boston Big Dig cost 15Billion?

My preference would be power infrastructure, nuclear energy, oil refineries, wind power, etc so we have the power for those electrical autos etc - without that power we will be looking like a 3rd world country.

All those new LCD TVs require more power than the CRT TVs

We have plenty of roads, just that there's lotsa potholes in 'em. The bridges are about 50 years old and are nearing the end of their expected life span. Simply put. ...since most of 'em in this area were built in the 60's, when the Interstates were built.

Right now, my District is preparing about 30% more preventive maintenance projects than normal, in anticipation of using "economic stimulus" and maintaining what transportation infrastructure we have.

-CC

 

[W2R]

Cute buggers, for rodents.

Betcha they'd make damn fine targets in a varmint rifles scope. Provided they're outta control, of course.

Not only are they out of control in southeast Louisiana, but it is so bad that there is a standing reward of $4/tail (which I think may have gone up to maybe $6/tail) for nutria taken south of I-10.

I am south of I-10, but in a suburb so you would probably have to drive a couple of miles and then maybe paddle a pirogue or some such boat out into the swamps. Our wetlands would be a great place to bag hundreds of them.

So, if you completely lose hope in the market, you can always come down here and hunt nutria.

 

[Nords]

Not only are they out of control in southeast Louisiana, but it is so bad that there is a standing reward of $4/tail (which I think may have gone up to maybe $6/tail) for nutria taken south of I-10.

So are the northern nutria being kidnapped, driven south, and detailed?

 

[W2R]

So are the northern nutria being kidnapped, driven south, and detailed?

No, but I suspect that bootlegged northern nutria tails are sometimes being misrepresented as southern nutria tails.