Sexy time…for bears?
From the European central bank, the one that caused this?
Was in the green on the day. (no thanks to oil!)
How long do you think it will take and how do you guys think they will get the stimulus money in our pockets to begin cycling?
Really tough to say. I imagine they will name a new treasury secretary before things get cranking, Geithner is out
Looking at the 2 day fallout it seems money is exiting stocks and flowing into bonds. Not an ideal sign for da bullz.
I feel there is some merit to those saying Obama is to blame. Not directly of course but I think investors & money managers may be afraid of the tax situation going forward.
What’s your guys take?
I think it was to an extent, not that Obama is anti-market but confirmation that more divided government = more stand-offs = greater chance of the fiscal cliff. I know that the Fed is making all of the major financial institutions undergo stress testing right now for the fiscal cliff scenario, and the results aren’t pretty.
Exciting times for sure… love holding the TLT for now.
Options have been paying off as well.
Well I am mostly in equities at the moment. This might start to burn pretty bad unless gasp our govt get some stuff done.
should have thought of this sooner.
“I am able to feed my family and Mr. Felton can devote more time to his fantasy football team.”
LOL
“By 2025, the worlds poorest man Ahmed Khalili of Afghanistan, will be doing 83% of the worlds work”
Jobs report out this morning.
Created 146,000 jobs and the unemployment is down to 7.7%
Participation rate did decrease by .2%
Increases were in Retail trade, professional and business services, and health care.
Decreases were in manufacturing and construction.
“Decreases were in manufacturing and construction”
This is not good for longevity IMO. Health care is not so much a shocker, given the go-mint will soon be running that system into the ground.
What do you guys think about this? It’s being seeded like propaganda IMO, it’s blowing up ALL OVER the internet which makes me suspicious of course.
It is natural this time of year to see a dip in manufacturing and construction. ~8% unemployment looks good but in fairness there is a hard to manage number of people “no longer looking for work” which brings this real number up. I think that Sandy+election+now cliff has made big business pretty reluctant to make moves(ie hiring) and until our govt stops being foolish and strikes a deal with some sort of competence we will have some issues ahead. Even when the deal happens I think this uncertainty and lack of cohesion for the better of the nation will correlate to some uncertainty for a few months.
Yes im mad!
Who knows, the ADP report the other day showed otherwise,I know its based on somewhat different data though.
Production is what builds the economy, people getting hired at WalMart to sell Chinese TVs AT Christmas does NOTHING to build equity in our economy. Trading assets does not help, sure it puts a little money in the workers pocket but nothing was created (in the USA). Walmart(service industry) makes money, Chinese(foreign) make money and the Walmart worker(service worker) gets a miniscule part as well.
Broken record off.
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Sidenote: Have you seen where China is building entire cities for future use? This would be better for our economy than people working at WalMart, Target, or any overpriced clothing store that sells chinese made clothing. At least when you build cities you are CREATING something of value, even if it is future value.
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“Fiscal Cliff” [sarcasm]Yeah because increased revenu and spending cuts is the last thing a nearly bankrupt country needs[/sarcasm]
Why is the fiscal cliff sounding more attractive as it gets closer? lol
You guys are Un-American. 