Stock Market & UPS

Discussion in 'UPS Discussions' started by mattwtrs, Oct 10, 2008.

  1. mattwtrs

    mattwtrs Retired Senior Member

    Is the market crazy or what? UPS was down over $7 earlier today and with 1 hour of trading left there have been over 13 million shares traded! What's your take on todays events?
  2. cachsux

    cachsux Wah

    Buy low, sell high.
  3. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    My take:
    Adjustment of dividend stocks within portfoilios. 2x daily trading of UPS indicates institutional investor activity.
    Many retirement type funds are moving into T-Bills and other guaranteed assets.

    or it could be

    HELL IF I KNOW!!!!
  4. I'mTheMan

    I'mTheMan New Member

    It's been a bad year for UPS with stock market with UPS. Even in the summer, it wasn't too good at all and even now, it's going worse, way worse and we might not get a good peak this year and hopefully next year in 2009, UPS should have outcast look better for their market and business too.
  5. Channahon

    Channahon New Member

    It's not a UPS issue, it the global economy in trouble, which negatively impacts all of us

    Week Ends With Historic Market Seesaw

    [​IMG] Timeline: U.S. Credit Crunch & Financial Failures

    [​IMG] View Market Summaries & Leading Stock Changes

    NEW YORK (AP) ― Stock markets jolted still lower in the U.S. and around the world Friday despite all efforts to slow the selling stampede, and the globe's industrial powers urgently debated forceful new steps in Washington to prevent a worldwide economic catastrophe.

    A sign of how bad things have gotten: A drop of more than 120 points in the Dow Jones industrials was greeted with sighs of relief after the index had plummeted much further earlier in the day. The Dow ended the week with a loss of about 65 points, the best showing of a tumultuous week.

    Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke met with their counterparts from the world's six other richest countries as the rout of financial markets sped ahead in the face of dramatic rescue efforts in the U.S. and abroad.

    Stock prices hurtled downward in the United States, Europe and Asia, even as President Bush tried to reassure Americans and the world that the U.S. and other governments were aggressively addressing what has become a near panic.

    "We're in this together and we'll come through this together," Bush declared at the White House as finance ministers and central bankers from around the world gathered nearby. "Anxiety can feed anxiety, and that can make it hard to see all that's being done to solve the problem."

    On Wall Street, the Dow Jones industrials, already down 21 percent for the week, dropped nearly 700 points more in the opening minutes but made up much of that fresh loss in the last hour of trading. The index finished down 128 points for its worst week ever.

    It was no better overseas. Great Britain's FTSE index ended below the 4,000 level for the first time in five years; Germany's DAX fell 7 percent and France's CAC-40 finished down 7.7 percent. Japan's benchmark Nikkei 225 index fell 9.6 percent, also hitting a five-year low. For the week, the Nikkei lost nearly a quarter of its value. Russia's market never even opened.

    Bush made it clear the United States must work with other countries to battle the worst financial crisis that has jolted the world economy in more than a half-century.

    "We've seen that problems in the financial system are not isolated to the United States," he said. "So we're working closely with partners around the world to ensure that our actions are coordinated and effective."

    The Dow dropped a little over 100 points while he was speaking.

    Fear has tightened its grip on investors worldwide even as the United States and other countries have taken a series of radical actions including an unprecedented, coordinated interest rate cuts by the Federal Reserve and other major central banks.

    Besides the United States, the other members of the G7 - the Group of Seven-meeting in Washington are Japan, Germany, Britain, France, Italy and Canada. Finance officials also planned to meet with Bush Saturday at the White House.

    "We are in a development where the downward spiral is picking up speed," said Germany's Finance Minister Peer Steinbrueck, who wants to see an orchestrated response among the G7.

    So does French Finance Minister Christine Lagarde, who said a "coordinated, synchronized and rightly timed approach" was needed.

    An even larger group of nations-called the G20 - will meet with Paulson on Saturday evening. How the world's finance officials and central bank presidents can better contain the spreading financial crisis also will dominate discussions at the weekend meetings of the 185-nation International Monetary Fund and the World Bank in Washington.

    "Addressing these challenges requires the dramatic steps we are taking here in the United States and it requires strong international partnerships," Paulson said this week. "We must also take care to ensure that our actions are closely coordinated and communicated so that the action of one country does not come at the expense of others or the stability of the system as a whole."

    Dominique Strauss-Kahn, head of the IMF, which is the world's financial firefighter, urged countries to work together to come up with coordinated plans to make sure that squeezed banks and other financial institutions have access to both quick and longer-term sources of cash to help them weather the financial storm. He also said countries should work together to make sure that bank depositors are adequately protected.

    "These actions should help to restore trust and confidence in financial markets," he said.

    The British, who recently announced a plan to guarantee billions of dollar worth of debt held by major banks, are pitching that idea to the rest of the G7 members.

    "What we have said is that any proposal that's put forward by one of our global partners, we will take a look at it, we will review it," said White House press secretary Dana Perino.

    Separately, the United States is exploring ways the government might inject billions into banks in exchange for ownership stakes. Earlier in the week, Britain moved to pour cash into its troubled banks in exchange for stakes in them-a partial nationalization.

    The idea behind these ideas-as well as bold steps previously announced in recent weeks-is to get credit flowing more freely again.

    In the United States, hard-pressed banks and investment firms are drawing emergency loans from the Federal Reserve because they can't get money elsewhere. Skittish investors have cut them off, moving their money into safer Treasury securities. Financial institutions are hoarding whatever cash they have, rather than lending it to each other or customers.

    The lending lockup-which is making it harder and more expensive for businesses and ordinary people to borrow money-is threatening to push the United States and the world economy as a whole into a deep and painful recession.

    In Europe, governments have moved to protect nervous bank depositors. Germany pledged to guarantee all private bank savings and CDs in the country, and Iceland and Denmark followed suit. Ireland went even further by also guaranteeing Irish banks' debts. The United States will temporarily boost deposit insurance from $100,000 to $250,000 in cases where its banks or savings and loans fail.

    Some economists have suggested the United States move to temporarily cover all deposits.

    Asked whether that was something the Bush administration was considering, Perino said: "All of those things are questions that the policymakers can take up and think about, discuss and then once we have-if we have-a decision about moving forward on any of those issues, it will either come out of the Treasury Department or we'll keep you updated."

    The Fed, meanwhile, has repeatedly tapped its Depression-era authority to be a lender of last resort, not only to financial institutions but also to other types of companies. Earlier this week, the Fed said it would buy massive amounts of companies' debts, in another unprecedented effort to break through the credit clog.

    Not everyone favors such drastic actions. Critics worry that the Fed and the Bush administration are putting billions of taxpayers' dollars at risk.
  6. tieguy

    tieguy Banned

    I think about how much better my stock would be doing if it was still private.
  7. paidslave

    paidslave New Member

    I agree with you on this one TIE!
  8. BigBrownSanta

    BigBrownSanta New Member

    With all that has happened this week in the stock market, does anyone want to speculate on what the next quarter has in store for us?

    How about next year?

    Does anyone think this is just another temporary market correction or do you think this next year will be a bad year?
  9. JustTired

    JustTired free at last.......

    And while the stock would most likely be doing better, that is not the only concern.

    While the majority of stock is still held by actual employees of UPS, the stock that is held publicly is what dictates the price. Not only has the stock lost its' stability(being publicly held), but the company as a whole has suffered the same fate. Jumping through hoops to please those public stockholders (the ones that determine value) has, I think, been detrimental to the overall well being of this company. JMO
  10. mattwtrs

    mattwtrs Retired Senior Member

    Amen to that!
  11. cachsux

    cachsux Wah

    Stock? Hell the company as a whole. Agree 100% on this one,Tie.

    Marks on calender,as will probably never happen again. Reminder to send Tie a card on anniversary.
  12. over9five

    over9five Senior Member Staff Member

    OK, THAT was funny!
  13. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    NOT JMO ... EHO*

    * Everybody's Honest Opinion
  14. RockyRogue

    RockyRogue Agent of Change

    When the market crashed in October 1929, things were bad. I forget what the high closing number was but it took 25 YEARS (1954) before the market regained its 1929 high. Even the economic boom that resulted from World War II wasn't enough to bring the market back.

    We're in for a loooong road, folks. -Rocky
  15. Monkey Butt

    Monkey Butt You can call me Chappy Staff Member

    Time will tell.
    I'm not sure it will take 10 years but it will probably take longer than the 15 months after the 1987 crash.
    I think it will be 4 -5 years myself.

    McCain was right (albeit not from a politcal respect) in that the fundamentals of the economy are sound.

    The biggest concern is the 10 trillion plus national government debt and the even greater over-extended debt of the American consumer.

    The most probable way the government can dig out of this kind debt is to allow/promote inflation. Retirees on fixed income annuities/retirement plans should be worried about the future.

  16. 1989

    1989 Well-Known Member

    I think the market is doing well...This is the best market to make money in.
  17. over9five

    over9five Senior Member Staff Member

    I've heard that too. Has anyone here bought in at bargain prices the last couple of days? What have you bought?
  18. rocket man

    rocket man Well-Known Member

    I put in 60 a week to stock. I wish mellon would by this week but they buy every three months. stock seems to go up right befor they buy.:surprised:
  19. rocket man

    rocket man Well-Known Member

    today ford motor credit 2 dollars gm 4.96 ashare
  20. over9five

    over9five Senior Member Staff Member

    You could buy privately, Rocket. I'm not sure what kind of fee it would cost you, but you're right, right now would be a good buy.