Can SOME1 EXPLAIN THIS PLEASE?? =]PLS EXPLAIN LONG BUT UNDERSTANDABLE AND EXPLAINABLE.?

PLS EXPLAIN LONG BUT UNDERSTANDABLE AND EXPLAINABLE.! =]

Recession fears slam stocks:

NEW YORK (CNNMoney.com) -- Stocks tumbled Friday morning after AIG%26#039;s record loss and weak readings on manufacturing and consumer sentiment revived recession fears.

Adding to the downbeat sentiment were record-high oil prices, the slumping dollar and reports that a rescue of bond insurer Ambac has hit some roadblocks.

Roughly two hours into the session, the Dow Jones industrial average (INDU), the broader Standard %26amp; Poor%26#039;s 500 (SPX) index and the Nasdaq composite (COMP) all fell at least 1.7%.

AIG (AIG, Fortune 500) reported a steep $5.3 billion quarterly loss after the market close Thursday and said it took an $11 billion writedown related to big losses in investments tied to bad mortgage bets. Shares of the Dow component tumbled 7% Friday.

Also late Thursday, Dell (DELL, Fortune 500) reported quarterly profit that fell from a year ago and missed estimates, due to a number of charges it took in the quarter. The company was also cautious on its outlook, saying it was seeing some large customers holding back on purchases. Shares dipped 1.5% Friday.

CNBC reported that a proposed bailout of troubled bond insurer Ambac Financial has hit some significant snags, sending Ambac (ABK) shares 7.5% lower and adding to economic worries.

Meanwhile, investor Wilbur Ross said he was injecting up to $1 billion in bond insurer Assured Guaranty (AGO), whose stock climbed 14%.

Economic news mostly negative. The Chicago PMI, a report on manufacturing in the Midwest, fell more than expected, falling to 44.5 in February from 51.5 in the previous month, a more than six-year low. Economists thought it would fall to 49.5. Any number below 50 indicates weakness in the sector.

The University of Michigan%26#039;s consumer sentiment index was revised up slightly to 70.8 in February from an earlier read of 69.6, the lowest level since the early 1990s. Sentiment stood at 78 in January.

Both personal income and personal spending rose more than expected in January, the Commerce Department reported. But the report pointed to signs of inflation pressure.

Income rose 0.3% after rising 0.5% in December. Economists surveyed by Briefing.com thought income would rise 0.2%. Spending rose 0.4% after rising 0.3% in December, versus expectations for a rise of 0.2%.

Core PCE, the report%26#039;s inflation component, rose 0.3%, as expected, after rising 0.2% in December. But the measure, which tracks prices paid by consumers for goods other than food and energy, rose 2.2% versus a year ago. That%26#039;s above the 1% to 2% range for that indicator that the Federal Reserve is said to prefer.

The Fed has cut interest rates steadily since September, leaving the fed funds rate, a key bank lending rate, at 3%. Wall Streeters expect the bank to cut rates by another half-percentage point at the upcoming meeting on March 18.

However, in recent congressional testimony, Fed Chairman Ben Bernanke indicated that rising inflation was making it harder for the Fed to continue cutting rates to stimulate the sluggish economy.

On the move. Stocks declines were broad based, with all 30 Dow components sliding, led by AIG. Other big losers included Citigroup (C, Fortune 500), JP Morgan (JPM, Fortune 500) and American Express (AXP, Fortune 500).

Elsewhere in the financial sector, MF Global (MF) slumped 20% in active trade, falling for a second session after admitting it lost $141.5 million after a rogue trader made unauthorized bets. Goldman Sachs, Credit Suisse and UBS all downgraded the stock and Moody%26#039;s and S%26amp;P cut their ratings on the company%26#039;s debt Friday.

Among other movers, shares of R.H. Donnelley (RHD) plunged for a second session after Bear Stearns and Deutsche Securities downgraded the stock of the phone book publisher and search engine operator. R.H. Donnelley slumped Thursday as well after reporting fourth-quarter earnings that missed forecasts and issuing a first-quarter outlook that is shy of expectations.

Market breadth was negative. On the New York Stock Exchange, losers topped winners four to one on volume of 650 million shares. On the Nasdaq, decliners topped advancers five to two on volume of 1.07 billion shares.

Other markets. U.S. light crude oil for April delivery fell 64 cents to $101.95 a barrel on the New York Mercantile Exchange, after ending the previous session at a record close of $102.59. The front-month contract touched a new trading high of $103.05 in electronic trading.

COMEX gold for April delivery fell $1 to $966.50 an ounce.

Treasury prices rallied, lowering the yield on the benchmark 10-year note to 3.57% from 3.66% late Thursday. Bond prices and yields move in opposite directions.

In currency trading, the dollar touched a fresh all-time low versus the euro before recovering a bit. The greenback hit a three-year low against the yen.

Can SOME1 EXPLAIN THIS PLEASE?? =]PLS EXPLAIN LONG BUT UNDERSTANDABLE AND EXPLAINABLE.?

I%26#039;ll summarize it. We are now in a recession. When that happens...

1- Gold goes up due to inflation. It was down, but still is high at $900+ an ounce.

2- Stocks go down, because our jobs /economy is down, so companies can%26#039;t earn the big bucks because people don%26#039;t have jobs or money to spend.

3- Dollar is declining because it%26#039;s not worth anything because we keep lowering interest rates during inflation.

4- Our GDP is down...which means our economy is not growing.

Summary- we are in trouble!!!!

Purdue Krannert and Investment Banking?

Hi, I will be majoring in Finance at the Krannert Management school at Purdue. I have a simple question to you guys. My goal is to work at one of major Investment banking firms at Wall Street. Is it true those firms don%26#039;t give a damn about colleges like purdue because it is not well-known?

Will I not be able to get a internship at those firms, such has Goldman Sachs, Merill Lynch, Lehman Brothers, Credit Suisse, and Morgan Stanley because of my school%26#039;s bad reputation?

I am really confused right now. Please help me

Purdue Krannert and Investment Banking?

Well all the best ;-)

How many times has Obama said he does not take money from registered lobbyist?

What is this about...

Lobbyist and people that were responsible for sub-prime mortgage meltdown.

And he said, he was for the people....

These seven Wall Street firms are (in order of money given): Goldman Sachs, UBS AG, Lehman Brothers, JP Morgan Chase, Citigroup, Morgan Stanley and Credit Suisse. There is also a large hedge fund, Citadel Investment Group, which is a major source of fee income to Wall Street. There are five large corporate law firms that are also registered lobbyists; and one is a corporate law firm that is no longer a registered lobbyist but does legal work for Wall Street. The cumula棰卼ive total of these 14 contributors through February 1, 2008, was $2,872,128, and we閳ユ獧e still in the primary season.

How many times has Obama said he does not take money from registered lobbyist?

Hmmm, I guess you%26#039;re either a Hillary lover or a Rethuglican, can%26#039;t tell. Provide a link. I just can%26#039;t take your word for it anymore. Cheers!

Touche...will read the article.

How many times has Obama said he does not take money from registered lobbyist?

The wall street journal:

How many times has Obama said he does not take money from registered lobbyist?

Heh. Over a week ago before the primaries, he said a few phrases. Then when watching a Texas rally a few days later, he said the same exact thing. No exaggeration. The phrase were all ordered the same thing and worded the same. This shows that the candidates think just a few grouping of words can win an election.

How many times has Obama said he does not take money from registered lobbyist?

Get real. We are talking about American politics. I hate to dissapoint you but the Virgin Mary is not running this year. All the candidates are sullied in some way or another. (Your cites are Republican blogs which are exteremely suspect to say the least.)

%26quot;Lobbyist and people that were responsible for sub-prime mortgage meltdown.%26quot; You can%26#039;t even write in English. You want to tell people how to vote?

If you want to vote for another receipient of corporate money then do so, but don%26#039;t try an pretend that American politics is some sort of nunnery. It%26#039;s not. And you must think I%26#039;m pretty stupid to take you seriously. I don%26#039;t.

Lastly, if you causually follow the figures $2,872,128 is not sh!t. It%26#039;s not even a consolation prize. I think it was Mitt Romney who took in 14,000,000 in the first week of the primaries. It might have been more.

You want a honest man for President then raise Jesus from the dead have him run in the Democratic primary and then we%26#039;ll talk alternatives. Until then learn English: %26quot;does legal work for Wall Street%26quot; What the hell does that mean?

If you think any of it is a compelling argument. It is not. Anybody of voting age is a bit old for fairy tails and you don%26#039;t get into any position of power without making compromises. It dosn%26#039;t happen.

How many times has Obama said he does not take money from registered lobbyist?

Ya Obama takes money from lobbyists just in a very back handed way. Kind of like robbing a bank but saying you wernt holding the gun.

How many times has Obama said he does not take money from registered lobbyist?

I know this seems shady but you actually seem to have a bit of a misunderstanding. Let me clear this up for you, the accumulative contributions that you mention come from employees of those companies. Obama states he does not accept contributions from Washington lobbyists and he doesn%26#039;t. However the only way to know a contribution comes from Washington lobbyists is to ask the contributor, what their occupation is. When you make a contribution to any of the candidates you must fill out a form with your personal information on it, this information includes your employer, and your job title. For example when I make a contribution to the Obama campaign I list that I am a Claims Adjuster and I work for an Insurance Company. Does this mean that Obama is receiving contributions from my employer? NO!!! Does this mean Obama is supported by the Insurance lobby? NO!!!

Also when you make a donation you must state a number of things. For Obama some of those you must comply with to make a donation is:

1. That you as a contributor are a US citizen.

2. That you are at least 16 years old

3. That the contributions is not made from the funds of a corporation, labor organization or national bank.

4. The contribution is not made from the funds of a PAC

5. The contribution is not made from the funds or an entity related to a Federal Contractor

6. The contribution is not made from an individual registered as a federal lobbyist or foreign agent or an entity that is registered as a federal lobbying firm or federal agent.

7. That the funds being contributed arte being contributed on behalf of the contributor and not from any other source.

--------------------------------------...

Obama%26#039;s campaign has received contributions from lobbyists, and others whom who excludes, however those funds have either been returned or donated to charity.

Conversely to contribute to the Hillary Clinton campaign one must only confirm the following.

1. At least 18 years of age

2. The funds aren%26#039;t from the treasury of a corporation, labor organization or national bank.

3. The contributor is not a Federal contractor.

4. The contributor is not a foreign national who does not live in the US.

The business case for a short sale?

Debating about short selling my current home: THe facts: +Home in Gilbert, AZ (Primary residence, 2-and-a-half years living in it) + Purchased in 2005 for $530,000

+ I have just been told by my agent that after looking at comps, I could list it for $430,000 to attempt to sell it (Currently 18.9% decline vs. purchase price, not yet considering any low-ball offers) +If everything goes according to analysts閳?expectations (what I read in the Journal, opinions from Credit Suisse, etc), the market would continue to slide in the months to come. (Additional 25% to 35%) + First Mortgage is for $360,000, 5/1 ARM at 5.25% but resetting in 2010. +Second Mortgage is for $150,000 fixed rate 7.45%. This second mortgage was originally 86k but I refinanced it +Provided there is a new law that Congress has passed (閳ユ发ortgage Forgiveness Debt Relief , would be liable for taxes if I pursue this short sale?

The business case for a short sale?

Assuming you CAN get the short-sale approved.

I seriously doubt if a bank is going to take a $100K loss on a loan amount that low.

No, you won%26#039;t have to pay taxes on the loss....again, the banks aren%26#039;t forced to take the loss.

The business case for a short sale?

3 things about your proposed short sale.

1. You have prove that you can%26#039;t handle the payments. I see nothing about being late or moving towards foreclosure in your question...

2. You had a 1st mortgage for 360,000 and second for 86,000 (total of 446,000). You refinanced and took another 64,000 out. This 64,000 is the amount that puts you in trouble right now.

Congress%26#039; law addressed federal taxes only, you could still be liable for AZ state income tax (if there is one) on the difference.

3. The business case for a short sale is to contain the loss for the lender. You are in for difficulty because your first mortgage holder would get paid in a foreclosure (they are owed 360,000 and you can list at 430,000). It is the company with the second that is in trouble. The primary mortgage holder would be much better off if they just foreclosed (remember that a short sale is a loss mitigation measure and they won%26#039;t lose in foreclosure). They would be first in line to get paid, they would get paid everything they are owed and they would be happy. The second mortgage company would probably be forced to buy out the first to see any cash...

I%26#039;m betting you aren%26#039;t a candidate for a short sale from your primary mortgage lender.

good luck!

The business case for a short sale?

Hi,

I used %26quot;Credit Solution%26quot; to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It%26#039;s legitimate.I came across this company on NBC News Special Edition.Check it out here:

http://doiop.com/e560kf

Is Obama just in it for the money?

Many of his followers deny this, but that doesn%26#039;t mean it isn%26#039;t true. It%26#039;s no secret that Barack Obama is one of the top recipients of corporate campaign contributions in this election -- in fact, he%26#039;s number two in the U.S. Senate behind Hillary Clinton for payoff money from the health insurance and pharmaceutical industries (which explains his successful gutting of health care reform while %26quot;serving%26quot; in the Illinois state senate).

But the blatant dishonesty and hypocrisy go a bit deeper than that. According to Corporate Crime Reporter, the senator has pulled a fast one.

I seriously doubt Obama is unaware that he%26#039;s taking money from lobbying firms. A politician smart enough and slick enough to beat Hillary and Bill Clinton at their own game is smart enough to know where his campaign contributions are coming from. Let%26#039;s take a look at how the bribe money (oops, I forget we%26#039;re not supposed to actually call it that, even though that%26#039;s exactly what it is) is broken down. From the link to OpenSecrets.org:

BARACK OBAMA (D)

Top Contributors

Goldman Sachs -- $421,763

Ubs Ag -- $296,670

Lehman Brothers -- $250,630

National Amusements Inc -- $245,843

JP Morgan Chase %26amp; Co -- $243,848

Sidley Austin LLP -- 226,491

Citigroup Inc -- 221,578

Exelon Corp -- 221,517

Skadden, Arps Et Al -- $196,420

Jones Day -- $181,996

Harvard University -- $172,324

Citadel Investment Group -- $171,798

Time Warner -- $155,383

Morgan Stanley -- $155,196

Google Inc -- $152,802

University of California -- $143,029

Jenner %26amp; Block -- $136,565

Kirkland %26amp; Ellis -- $134,738

Wilmerhale Llp -- $119,245

Credit Suisse Group -- $118,250

What Obama has done is pull a sleight-of-hand trick. By avoiding direct contributions, he manages to appear as though he is keeping his promise not to accept money from federal lobbyists. But in actuality, he is still taking it from the lobbying firms. He gets away with it by claiming that he is taking individual contributions from those not registered as lobbyists. Technically true, but it%26#039;s a cheat: the money is instead going through middle men, employees of lobbying firms who can operate under the proverbial radar.

My friends, we have been well and truly snookered. The corporate media has successfully shut out the real Democrats running for president, so we are now stuck with two corporate-owned candidates who will not do anything to significantly change the status quo. It is well known that Hillary Clinton is beholden to corporate interests. And her efforts to omit her ties from her %26quot;thirty-five years of experience%26quot; spiel have largely failed. Every time I do digging on Obama, who preaches about making a change from the usual business of Washington corruption, I find more and more evidence that he is just another fraud, lying to people so he can obtain political power. He%26#039;s playing us all like a harp from hell.

It is now more imperative than ever that Progressives take the opportunity 2008 presents to expand our presence in Congress, and weaken the hold Big Business has on our legislature. It%26#039;s not enough to just elect Democrats; we have to get the right ones elected. Otherwise the lessons from 2006 shall all have been for nothing.

Is Obama just in it for the money?

Who isn%26#039;t? What%26#039;s so surprising about corporate donors? That%26#039;s just getting them hooked up for all the speaking engagements either after they win or loose.

It%26#039;s all about name recognition and what better way to get it than corporate sponsorship?

Collen Powell did the best job of this. People were throwing money at Powell and he did not even get in the race. However, that name recognition upped his personal appearance fees.

Dude went into the Bush administration with a net worth of less than $2,000,000 and is now worth $60,000,000!

It%26#039;s a win or lose and win proposition.

Is Obama just in it for the money?

Are you kidding? No candidate can be in it for the money.

Do you understand how many hundreds of millions of $ it takes to run a campaign??? It is NOT a sound fiscal investment, and never has been.

Is Obama just in it for the money?

No

Is Obama just in it for the money?

I hope you weren%26#039;t trying to turn his people against him. If you are you suck at it!

Is Obama just in it for the money?

Talk about clueless, those donations go straight to his campign, not to him.

And anyone can tell you people like Obama could make a TON more money in the private sector than he could as president.

Is Obama just in it for the money?

I hope he lose period. Barack Obama it%26#039;s not your time, granted you gave it a great run, however step down and allow the Lady to take control of this country. She is better prepared and skilled, plus she brings with her experience.

If I apply for a job without experience they would over look my potential, right? If you come with experience they will hire you first before they would hire me.

Vote Hillary.

Is Obama just in it for the money?

You do know they get to put the money in their pockets right? Where are the %26quot;health insurance and pharmaceutical industries%26quot; you claimed he is getting most of his financing from? you named Law Firms, Universities and Banks.

Is Obama just in it for the money?

who cares. we cant do nothing about it

Is Obama just in it for the money?

There is no surprising about company donors. What surprises is how Obama can stand saying he is against lobbyists. That is hypocrisy and lie.

Is Obama just in it for the money?

Unfortunately, that is politics. Edwards couldn%26#039;t win because he didn%26#039;t take the money. I believe Obama may not want to take it or may have started out not wanting to but you can%26#039;t win without money. The only way things will change is to limit the amount anyone can spend on their campaign and give everyone the same amount. It will never happen. So this is what we get for letting the lobbyist get too powerful.

Is Obama just in it for the money?

Without a doubt but he has a cult type following and they are to blind to see the truth

Is Obama just in it for the money?

You are an ***. You are a Republican propagandist. why don%26#039;t you talk about how good your man is rather than spending all this time and energy trying to destroy your opponent? Does he have nothing to offer?

Is Obama just in it for the money?

But mostly for the power.

Is Obama just in it for the money?

You do realize that

%26quot;The organizations themselves did not donate , rather the money came from the organization%26#039;s PAC, its individual members or employees or owners, and those individuals%26#039; immediate families.%26quot;

That is straight from opensecrets.org.

So in other words, my uncle who works for JP Morgan Chase is one of those donors included in that list. It%26#039;s everyday people like you and I.

Read the bold print before you post next time.

Is Obama just in it for the money?

ummm... welll have u read his logo WE WANT CHANGE yer thats the best answer and his logo tell is all.

Is Obama just in it for the money?

no, because he wants to be the first black president.

Is Obama just in it for the money?

Firts %26amp; Foremost: Your question is farfetched %26amp; left field!

It is evident, you are trying to run a vicious attempt to sway his voters!

This Just In: You won%26#039;t succeed, you are already defeated!

Secondly, he is not in it for the money!

Donations are not given to him directly, they are given to his campaign to fund it!

Unbeknownst to people who are full of hate %26amp; envy, this country is in dire need of CHANGE!!!!

He is the man to bring about such.

I look forward to a country where I can believe %26amp; anticipate these three terms:

CHANGE, HOPE %26amp; UNITY!!!!!

Is Obama just in it for the money?

These type of questions indicate how scared the opposition is.

Is Obama just in it for the money?

he is in it to bring honor to his fore fathers

Is Obama just in it for the money?

they all are, they are all talk and no do

The Traders Did It?

anyone who thinks they can successfully trade or who gives trading advice to others, should take a minute to consider the implications of the following news article:

http://www.forbes.com/home/wallstreet/20...

If professional traders, employed and *trained* by investment banks, end up losing lots of money - something that happens much more frequently than the %26quot;few%26quot; traders mentioned in the article - what makes you think anyone else can do any better?

The Traders Did It?

I will gladly answer that.

You are talking about investments that are done on a day to day or week to week basis. Of course the risk level is the same as betting on a football game.

Most people who ask for advice on Yahoo, or atleast the ones I answer, are asking for long-term investment advice.

I do not even attempt to give people advice on investments of a short term nature. If I do, it is a CD or savings account.

However, your point is well taken. I have subscribed to some of the top Financial Newsletters for many years.

You know what I have learned?

They dont do any better with their picks than you or I. In many cases they do worse.

Unless you want people to put their money in the ground in the backyard, I think informing people that they do have long-term options like ETF%26#039;s or DRIP plans is a good thing.

I think the individuals who ask the question have to look at the answers closely. First off, there are mutual fund salesmen in this forum, trying to push people to their sites. There are people who try to get others to go to their blogs.

I personally will not go to any website that is not put in the source box, otherwise I am assuming they have a motive if they put a link in the body of the message.

I am done rambling........hahahaha......

The Traders Did It?

Simple. A small trader at home, can get in %26amp; out of relatively small positions (compared to Mutual Funds, Banks, Brokers, Instituitions etc.) without effecting the market. It%26#039;s a totally different type of investing. Very hard, but achievable for about 5% of those that try (good trader psychology is the most important aspect of this skill).

The Traders Did It?

I would really like to ask Liz, the author of the article you mention, whether she was being sarcastic. Reread it, and you might catch some sarcasm showing through?

Oh sure, all of this mortgage problem was caused by a very few, apparently inexperienced, traders? yeah... right

People could not pay mortgages, that is the bottom line... but the economy has been relatively strong, so why cant 2.2 million homeowners (well, they ~were~ homeowners) stay out of foreclosure?

A combination of the borrowers desire to overspend and buy houses that they could never truly afford, and the bank industries desire to give loans to those borrowers because that class of borrower must may crazy big fees %26amp; interest to get those ill-advised loans!

How many of ~your~ friends over the last few years have jumped into interest-only ARMS because it allowed them to buy a much more expensive home? Or refinanced all their equity to %26#039;invest%26#039; into someone%26#039;s scheme.. or worse yet, refinanced to the hilt to head to Cabo for a week...

The problem was/is caused by irresponsible borrowers, and a banking system that wanted to collect the greatest amount of fees %26amp; interest without regard to the true risk of lending more money to someone than is really appropriate.

If the author %26amp; others truly believe this whole mess was caused by a few traders acting badly.... well, would you be interested in an 18% variable rate, interest only refi for your house... it%26#039;ll only cost you 6 points...

and %26quot;common sense%26quot; has a good %26#039;pro%26#039; point for small traders, agility is a fundamental requirement for true %26quot;trading%26quot;... and a $2 billion portfolio will ~never~ be agile! :-)

The Traders Did It?

I worked in fixed income(bonds) and on any given day traders would loose money,,,but at the end on the month and the end of the year, over 80% in my area were up a lot....their bonus was partially based on their profits.............I was there over ten years and every year was the same...Those who did not make money were replaced.............

I have work experience this year. I love commerce plz help.?

Hi, im in yr 10 this yr. i love comerce and im the first by far in my year. mark 99.5% Average 55%. my dads friends gave me an offer to work in URS. but i really dont know. I want to be doing something along the lines of business and finace later on, but should i be doing this for work experience or doing something else for fun?

My dad also told me i should be going for Credit Suisse and MLC which are probably the companies i want to work for when i finish school. Is this a good idea. Thanks!

I have work experience this year. I love commerce plz help.?

Please do it for work, experience, and fun. Why does work have to be boring? It does not. We should do what is good for us and makes us happy and healthy.

I have work experience this year. I love commerce plz help.?

www.googlescholar.com