The country added 288,000 jobs last month and more than 300,000 people left the jobs market because, umm, they couldn’t get jobs. Those people aren’t coming back to the “job pool.” They’ll just “go away” and either suck on the government tit for the remainder of their lives or drive their cars off bridges. No matter which way you slice it, this is a very bullish number for the market.
Try to think of a reason why this market shouldn’t trade higher. Let’s assume that buying high growth money losing ventures was a bad idea; that shouldn’t preclude us from delving back into stocks in an effort to realize our manifest destinies, should it? I mean, isn’t it our god given right to enjoy life in a prosperous way, tapping the old equity markets for coin whenever we feel the urge to splurge?
Clearly, I’ve let fear grab me by the neck and slap the sense out of me.
I must invest today.
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Has Uber gone public yet
Lmk when it does.. Greatest service ever!
The perennial question: is it better to be outside wishing you were in, or inside wishing you were out?
sure it didn’t pay to be in @ multiple top exploration . now make sense to watch the market reaction and act consequently.
Let me ponder that question over a marijuana cigarette.
What if you’re inside and you’re short?
BUBBY, listen to me, GTAT
WETF Outflows contained even after bad start of year in Japan. Maybe good candidate for your comeback. Good luck.
trading almost 10x sales
sry I forgot growth names were banned
That’s ok. We are only looking for companies with growth rates under 15% now.
Futes just went red. Is the tape calling bullshit or do jobs numbers even matter anymore?
I know. Let’s “play it by ear.”
Confirmation that QE will need to end. The bloated govt play is over.
Lets go !!
Vulgar vagrant
US LNG export is the kind of long term growth story that let’s people pull numbers out of their assholes and justify multiples. Plus, the stocks are cheap. I’m talking sleepers eca , wpx , or the more we’ll known chk, swn , or for the more aggressive gtls.
the jobs # is lousy for stocks…it’s gonna be ugly today
It’s safe to surf…
https://www.youtube.com/watch?v=Jts9suWIDlU
Awesome
HOW IS THIS BULLISH? “The country added 288,000 jobs last month and more than 300,000 people left the jobs market because, umm, they couldn’t get jobs. Those people aren’t coming back to the “job pool.” They’ll just “go away”
It’s a fucking shell game and it will show it self as one sooner or later
Your microchips need to be re-programmed for sarcasm.
Newbies
Point taken. I will re-program. all I can say is… Thank God!!
I can’t tell. You’re being sarcastic, right?
True story, people can never tell if I am being sarcastic or serious. In real life, it makes for very awkward scenarios.
^^^Sarcasm
this market has a case of the bubonic plague
As usual, financials like the higher rates and an inverted yield curve (this is how they make the big bucks, other than bailouts).
Not sure if it’s going to be enough to hold the market up, though.
Higher dollar, higher rates will cut profits and this needs to be discounted in price.
It is irrelevant. What is relevant is that sentiment is too negative. The market ebbs and flows – and we are about to flow. Get with the program.
Wait and see. Except for hit and run trades there isn’t much to do at this point. Maybe some clues at the close.
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”. ? Warren Buffett
BlackAlgo – there is NO fear – look at the VIX & now take a gander @ Margin Debt levels. As a good secondary indicator, look how fast smaller traders on here are ready to get long at the hint of missing out. Greed is all around us while we are within flinging snot range of a double top on the SPX. Traders are more worried about chasing performance & taking on risk than mitigating losses. Never a great combination if you ask me (which you didnt).
I agree with your comments – broad market wise there is little fear. But my guess is if you were holding say TWTR, DATA, FEYE etc etc- you were fearful at some point – and probably still are. I only see a 15-20% bounce 3 weeks out. But that’s enough for me to play.
how about must trade, not invest?
I am surprised gold hasn’t plunged with higher rates and dollar.
It tried and it failed, reversing up.
Must mean something.
lets just talk about our future prospects of growth that are coming up thru the ranks of our private universities….the last two groups of college kids that have rented my campus house have brought a stray cat home from a round of golf, which infested the house with fleas. they didn’t seem to mind since i only found out about it 3 months later when they moved out. exterminator said it was top 5 worst he has ever seen….fast forward to this year, the intelligent coeds flush their condoms and tampons along with “personal wipes” down the toliet resulting in a cesspool of shit, piss, semen and STD’s floating in the basement….
Advice: Burn it down and collect the insurance.
There appears to be a bunch of commentators here who like to play with matches and gasoline.
ha – given the trend, the tenants might do that themselves.
Maybe real estate isn’t the right investment for you.
but that rich dad poor dad said it was
But all that QE we have had has sure “primed” the economy for this great recovery. Afterall the best and brightest minds have assured me that adding some extra zero’s at the end of my currency increases real output. Ask Mugabe how effective it was in Zimbabwe while insisting it is a completely different situation but offering no evidence to support that assertion.
I’ll ask YOU how effective it was at tripling the stock market, reducing our annual debt interest to a pittance, re-liquifying the pension funds, boosting corporate profits, and allowing people to get lower rate mortgages.
Obama and Bernanke are economic GENIUSES.
Apparently the definition of the term “real output” escapes you. Price is just a place holder that repersents a quantity of real output.
Who gives a shit about “real output”? Just pay the lower end workers $12 an hour, and they then can buy as much shit as they want, creating MORE $12 an hour jobs.
And taxpayers won’t be subsidizing WalMart and McD’s, and the USA will be paying less welfare and food stamps.
no bid , again , still
may be summer of 2014 yet began
Small sample size but but mid term years usually weak until after elections.
Long a gagillion futures on this dip….we close at the highs.
I was bearish but this market isn’t going down after that jobs report.
Also, Brazil is quite nice today….
Fly, you are obviously too addicted to duels to even consider a period of reflection after your recent drubbing!
Maybe you ought to remember that the market changes combat rules at the drop of a top hat! Return brandishing your finest musket, and the market will responding by yanking your breeches down – faster than you can scream”YELP!”
the big news items of the day have been digested (jobs + factory orders) and as usual, the bullish momentum has quickly faded. they’ll try to rally this thing form here in the next hour but the sellers will step in just as we’re about to test intra-day highs on the indexes. momentum stocks are like the walking dead. its only a matter of time before IWM and SPY catch up to the carnage.
I think anticipatory trades will likely result in bitten asses in this market. Wait for direction and low risk entries. Hard to find right now.