Big jobs numbers this morning, as this great country of ours added an astounding 288,000 jobs for the month of June. I am sure there are some details that my bearish colleagues would like to point out. Howsoever, I am no longer interested in your insight, only your blood.
Starting immediately, your bank accounts will be frozen and you will be prohibited from investing family funds into asinine ventures, such as short selling a market at all-time highs. Furthermore, any attempts upon your person to reenter the equity markets with the intent to sell it short will result in your immediate liquidation.
Thank you.
NOTE: Futures are flat. But don’t let that get you down.
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Dr Fly, how would you like it if you were forced to shake the president’s hand before starting your workday? As a ham & egger, that photo makes me sad…
I’d make sure to have one of those electric buzzers in my hand when I did.
i know small sample sized isn’t the way to go, but i’m starting to notice a different attitude in south FL. I’m being treated differently now than a couple of years ago. Buying something a couple years ago had store people catering to you, and just last night i bought a $400 item at a retail store and the store manager appeared like i was bothering him. Feels like 2005 again.
This is probably because an above average portion of people in Southern Florida have shit attitudes and entitlement issues.
I was in the Plantation area last week dog sitting.
I noticed all of the major intersections are occupied by urban “coin gatherers” and compared to the Orlando area most of the people (even the Publix workers) seem to be angry about something.
What’s the deal?
Likely these 77000 workers that have been hired (thats the breakdown) hate the fact the Degree earned in College/University entitled them to organize aisle 3 or Command Tables 7,8 and 9 eight hours every other day
you’re shopping in the wrong publix
Perhaops they need a subscription to the PPT and AOWOA. This should cheer them up.
You’d be pissed too if you were getting paid what Publix workers are.
Fly, in regards to interest rates, you don’t think they will rise because the federal government continues to run deficits, and the fed will do everything in their power to keep them low from a historical perspective for borrowing purposes?
That question is not logical.
Why not? if we are running deficits, we need to continue to borrow, and with the interest we are paying on the current $17T+ in outstanding debt, we can’t afford to have high interest rates on new debt issued.
How’s the long tlt position looking fly?
Interest rates creepin higher no?
Massive pre market activity
NQ futures gapping up 13 pts. outside the kbands after being up 12 of 14 days and many of the dog stocks have been rallying. Seems to me a good time to lock in some gains and maybe even short a little for a two -three day pullback
Wien in Barrons this morning talking to someone he respects who thinks Biotech will be a big play.
I reckon he’s wrong. Biotech will be the equal to tech boom if not bigger.
Worth reading
I am not long Tlt. The Tlt trade is for August.
Any thoughts on $PCYC? Used to be a biotech leader and now a laggard. With $IBB almost at all time highs $PCYC may be at a discount currently?
Like PCYC
Thanks. Happy and healthy this 4th (no Roman candle duels).
you too
You expect a market correction in August. Why then and how big?
10-15%
I’m long through the Alibaba IPO in early August, then will reassess.
S&P hasn’t moved more than 1% in a day for 54 consecutive trading days now, it’s going to bust one way or another.
At what level do you expect to see the S&P top?
I don’t believe ANYTHING this administration says, or any statistic they post (especially if it’s near election time with Obama under scrutiny).
BTW, what in the wide world of sports happened to $NQ today?!?
Keep not believing the economic numbers and keep missing out on this secular bull market. Good strategy.
If a third of these “NEW” Jobs created are in the service Industry wouldn’t September be a bigger Target for a pull back?
$TGT
Momos look crappy.
Better words never put together in one sentence.
“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.–That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, –That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.”
Fly should we re assess balt?
Is that picture a bunch of pharmacists heading into the Wallgreens for their shift?
I wish food poisoning upon you this 4th.