Letter X bled out 52 million in quarterly losses due to “lack of recovery.”
Chairman and CEO John P. Surma (U.S. Steel) said the results reflect “the uncertain economic situation in North America and Europe.” Customers that are not under supply contracts are reducing inventory levels, while orders from those under contract reflect the “traditional downtime taken late in the fourth quarter,” Surma said in a statement.
Here’s the bottom line: is QE2 enough? Is it enough for China to grow at a remarkable 9.5% every quarter for eternity (because it’s all one big coincidence after another over there) sans a U.S. recovery? While it’s true, profits are soaring, but at what expense? If you haven’t figured it out by now, the expense is you. You are the cost of doing business and corporations are fleeing you, in exchange for BRIC’s, as evidenced by X’s woeful numbers.
As you know, I am politically indifferent. I used to be a life long republican; but then I flippe flopped and voted for Obama. All incumbents MUST be voted out. I realize putting new GOP’ers back into office might end up being one big circle jerk; but it’s worth a shot, no? The current trajectory is dreadful and our leaders do not get it.
Finally, today is a POMO day, so don’t get all disheveled with yourself if the market reverses and spits in the face of those who bet against it. Under normal conditions, this market should nosedive, just based on X’s earnings. But with today’s HFT dominated trade, who knows?
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I’m voting against ANY incumbent, we need fresh new blood. I’m even considering Spitzer’s madam for Governor.
Oh yeah, and 1st.
Audit the Fed
Anyone been picking up on the fact that when market turns south these days (like this morning) that TLT has also been heading south too?
BRAVO MAESTRO! and now after all these years of hearing it down at da union halls,finally…someone gets it. china sneezed on us in 08.gonna be a hard run to shake that shit.havent seen a real leader in years cause politics has become”thats entertainment”.
and all that steel I bought for my private machine shop must have not helped X with their bottom line…..
dang it.
Let me spell this out for you people…
“I realize putting new GOP’ers back into office might end up being one big circle jerk; but it’s worth a shot, no? The current trajectory is dreadful and our leaders do not get it.”
Bush AND Obama (and his wife) and Cheney and Rumsfield and Hillary and Bill and all the rest of the democrat and republicans are members of the Council on Foreign Relations. Nearly ALL of them.
They all participate in the same reindeer games. The CFR is DEDICATED to one world government. Go on ther web site and read their generous amounts of published articles and documents on the subject. These people are pro-socialist for the purpose of turning socialism into surveillance socialism, aka high-tech communism.
The CFR is the US branch of the Royal Institute of International Affairs, which is the mother ship of the push for world communism.
Vote for whoever the fuck you want. It won’t matter. You are already owned and the plan is already in place, and as long as you fucking waste your life talking about X versus Y, you ain’t never gonna see Z motherfucuka…
GET IT YET?
Who gives a shit about “CFR”? When I see a candidate who says “I favor pulling out
of Iran and Iraq, INCLUDING ALL CONTRACTORS before the end of 2011;
“I favor closing at least 760 of our 769 foreign bases and bringing the troops
home to rid our cities of gangs; I favor GETTING RID of all airline security personnel;
I favior GETTING RID of the Department of Homeland Security; I favor requiring
anybody on welfare, disability or unemployment to WORK 5 hours a day, even if it is
picking up trash or (disabled quadraplegics) dispsaching Police / Fire – I favor getting
rid of ALL foreign aid ” – that guy will have my vote forever.
absolutely right! the masses were thrown under the bus years ago,from deregulation, to the final knee breaker, nafta. just look at yrcw.
Well it looks like the CFR just got three guys who likely would be “anti-communist” (to say the least) to sit on their hands for this election.
“Mission Accomplished” for Soros, et al, no?
___________
no jake, i hate george soros.if Gringrich would run,i’d be the first at the polls to vote him in.
Ginrich.
CFR member.
Keep voting and you’ll get your communism alright. Pinko.
I’d vote for JakeGint even if his vice president didn’t have big boobs.
Better to have that than the current Veep who is simply “One Big Boob.”
__________
QE2 is not enough to counter the negative bullshit they are doing. Uncertainty over taxes, over- regulation, and spiraling health care costs are killing us.
Republic..
Republic..
We wake up and vote
REPUBLICAN again!
You mean wake up and vote for the other party candidates that are also CFR members, just like the dems?
No thanks… try voting for Ron Paul. Break free of the CFR/UN/IMF/World Bank bondage.
Now we’re talkin’!
US Steel is not the canary in a coal mine…it is a loser company that finally had 3 decent years of performance (05-07) after decades of underperformance.
Correct
I have sold puts in this loser
Nov 40s
All you POMOs getting ready to be VXX-imized again?
Maxwell? Maxwell? REE! REE! REE! Oh that’s not what he’s saying?
http://www.youtube.com/watch?v=8F_G2zp-opg
It’s time to take the US apart. It doesn’t work no more. the old confederacy without the bullshit was the best way to organize. Nice loose and if you wanted to fuck yourself as a state you could do it all by yourself instead of California and the other rat hole left wing stats fucking everyone else.
Agreuuuud. States are the best laboratories for experimenting on new policies. Take note that Tejas, with no income tax, is one of the few “non-broke” states.
And CA, with more taxes than brains, is the brokest. Correlation, anyone?
Beuhler?
Beuhler?
Anyone?
_________
Texas will be its own Country again in less than 5 years. My prediction.
lol….And you mock me watching the China Billet prices and Ore……Stupid POMO started 15 minutes ago and will go until 11am…it seems to be loosing more and more strenght. FOR CHINA, they are starting their new 5 year plan in 2011 and they are not going to have the GDP so high, they are planning to help the poor.
By “help the poor” you mean, like Soylent Green-style “help?”
__________
Jake…How did you know about their new “health plan”?
Aiiiieeee!!
Obamacare….
Is……
PEEEOPLE!!
_______
And whose your Moses now???
who’s
hose
rose
ahhhhhhhhhhethelkennedy
Good protein source. Yuck.
Jake => remember the final line = Soylent Grenn is People!!!!!!!!!!!! whooooohahhahah
Gives new meaning to “get in the funnel”.
Madoffz: 12% year after year+
China: 9.5% year after year+
My career: DEAD=
closing out my tab at Ginsburg and Wong.
So long, boys – I will miss the mu shu gefilte…
Closing out the tab? Now is the time to drink! Go ahead and run up the tab, quit paying the mortgage, use the Visa, the Mastercard and the American express.
I am voting for The Rent Is Too Damn High party. LOL!
http://www.youtube.com/watch?v=x4o-TeMHys0
Ok, so I can see on the NY Fed Reserve Bank site that today is a POMO day;
http://www.newyorkfed.org/markets/pomo/display/index.cfm
The question I have is how do you homo’s know in advance what days are POMO’s? Ie, where is the schedule published? I couldn’t find it on the NY Fed Reserve Bank website and it’s not on the main Fed Reserve website either.
fid
google it. It’s on the fed site.
Roger that. And, I thank you personally for the directions on demystifying the PPT.
ALL YOUR ASSET ARE BELONG TO US
If Rubin is right (and he is) then X would be a great one to buy (at these bargain basement prices) and hold for about 5 years, because the steel biz has to come back home. But of course that’s an eternity for this A.D.D. bunch…oh nevermind.