You do realize the fuckery that this market thrusts upon you, yes? It literally wants to make you a bad person, rooting for your neighbors to lose their jobs, pray that the minimum wage isn’t raised, and hope for loopholes to be created so that corporations can avoid paying U.S. taxes.
Fuck what the market is saying today, down 30 NASDAQS and looking ominous. Two hundred and seventy one thousand jobs were created last month. The unemployment rate is at 5%. Raw commodity prices are dropping. The dollar is rising, effectively increasing the buying power for all Americans and making our real estate super attractive to foreign buyers.
Regional banks are soaring. My largest bank holding is SBNY.
I’m bullish on these numbers and couldn’t care less if the Fed hiked in December, all things considered. It affects me not. Moreover, I can’t think of a better scenario for the U.S. consumer than a booming jobs market, heading into the holiday season.
Stocks should be bought.
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Booming job market lol thats a good one
How else do you describe 271k jobs created for the month? Pray tell me.
Unrevised?
Number of jobs created and quality of jobs are two different discussions.
“Raw commodity prices are dropping.” Due to lack of demand.
Lots of reasons for dropping commodities, all related to China, not us.
I read somewhere once that truck production is cyclical and it is a 6 year cycle. Cummins is cutting 2,000 jobs and they are not alone in layoff plans.
Where is the short squeeze in $SHAK?
What is this asshole day? Let me know, so I can fit in.
haha, no dude. I own the stock. I’m asking. Was hoping for a ramp higher. Everyone cashed out last night and pre-market?
You crack me up monsieur
LARGEST RISE IN EMPLOYMENT WAGES IN 6 YEARS.
YOu were saying something about quality jobs?
Isnt that because of pressure to raise at the very lowest grade jobs? McD’s etc
maybe. If so, that’s still a higher wage.
Plus in the actual report the growth wasn’t in part timers but Car Salespeople, construction, health care…much better quality jobs. But did you see Global Shipper Maersk’s Earnings today…super yuck…global economy is super ugly. Once the Yellen Cocaine goes away we join the mess and this Bear can finally have her day.
I don’t understand how the unemployment rate jibes with the 38 yr. low in the labor force. Little help there, Fly?
You are looking at that stat wrong. There are 76 mill baby boomers, many of whom are wealthy, that are retiring en masse. Also, due to the changes in our economy, moving away from factory jobs, more people are going to college and then graduate school.
There are major demographic shifts taking place. It’s not all doom and gloom.
Good article on this, backing up what Dr Fly said: http://blogs.wsj.com/economics/2015/10/21/what-we-know-about-the-92-million-americans-who-arent-in-the-labor-force/
Thank you, both. I’ll check that article, also.
If bull moves end on good news, then this job report is the perfect precursor to the BlueStar massive liquidation scenario.
FML
Just a reminder: there is a *99 point* gap in the daily $NDX chart. That’s way off the deep end. I think it a good bet that gap will soon be filled.
Stamps dot fucking com why didn’t we buy?
Starting to wonder if all this jawboning is trying to talk people out of bonds figuring they will put that money into market. Still very hard for me to believe they have any intention of actually raising, since stocks are owned by wealthy mostly non-payroll easily taxed.
The ONLY way this economy gets going is to put more money in peoples pockets so they can go out and spend it….Simple you say…heard it here first
America is the only place in the world where you can be born broke and build a gigantic net worth whether your are educated or even if you just own a basic service business. You just gotta get off your ass and make it happen. People have to stop whining about “quality of jobs”. If you hate your job, go make you own.
Jobs good. Check
Low rates. Check
Housing up. Check
Car sales up. Check
Low inflation. Check
Reasonable stock prices. Check