I know, this is annoying as shit already.
“When is Fly’s fucking ark going to capsize and drown all giraffes aboard”?
Answer: Never.
The ark is impervious to jobs data or icebergs or anything else. One doesn’t simply board the ark; he lives on it. As such, I find myself living out a gentleman’s lifestyle aboard the ark, feeding the wild baboons, playing ball with the hyenas.
Sure, stocks are heading higher today. But crude is down. Gold is barely off. The dollar is higher against the euro.
What exactly are you celebrating? Last I checked, German bunds were still -.176% and our yield curve was tightening.
Could we be barreling towards recession, in spite of +287k jobs numbers?
Ask yourself this question. If these numbers came out last month, isn’t plausible that the Fed would have to follow through with their infantile threats and hike rates? You betcha.
The singular reason for “holding off” was due to the weak jobs report. Conveniently, these numbers come out in the nick of time, just when markets were on edge, providing succor for asset prices.
In other words, it’s a conspiracy. The jobs numbers are a scam, a complete fabrication to paint a narrative. Naturally, I don’t have any evidence to support my theory. I’m simply using powers of deductive reasoning to make my way through the layers of propaganda. It truly is a site to behold.
Prepare for more Fed speak, menacing us with hikes, followed up by another weak data point to place them in the ‘fag box‘.
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Well said as always!
Fly is on a roll today.
I have my buy stops in for TLT @ 160….
die oil!
How has interpretation of jobs changdd in reports over the years?
Job number manipulation for voting season – didn’t we go through this 4 years ago?
Don’t we go through this every 4 years?
guess this the the blow of to the top of the broading wedge on the daily charts of all the index. they will probably close near highs and then some bank over the weekend will blow up, to complete the technical pattern. will see what the circus has in store.
the action of the ARK has NOTHING to do with the state of the U.S. economy and EVERYTHING to do with a flight to quality, and overseas money seeking a safe haven with at least SOME yield…to suggest otherwise, especially after today’s tape, is, well, you know…
a conspiracy. Yes.
Or a conspiracy theory, rather. Not an actual conspiracy.
The only conspiracy is in your own head. Buy stocks!
Why buy stocks? I bet I’m doing better than you long TLT and gold.
So far.
It’s a good day to be long today. As I’ve been saying, I am long stocks, although not in crude, as it seems more range bound than bullish or bearish.
I added to my emerging markets today. My boat may well sink but at least I have lots of leg room in the meantime. I stay long everything because I don’t trust anybody.
My philosophy is “Plan for the best and plan for the worst” because both will probably happen at different points.
Yeah, the market was just kidding about Brexit being a bad thing. It was a good thing, as many on this site, including me, said. No reason for the market to decline over it– except to give some Big Playas a chance to buy low, LOL.
I’ve said many times that we’re being lied to every time these b.s. numbers come out.
Sometimes I wonder just how splintered our society can get. If someone is not from your tribe, your political party, you believe that everything they say is a lie, even if you don’t have any evidence to support your theory.
Such is the nature of tribalism and tribal politics. We are so immersed in this, that people don’t even realize it could be a different way.
talk about calling the kettle black
Yes, I know. If someone else says that you are tribal, they are the pot calling the kettle black. The OTHER is always the one who is tribal– not you.
This is a standard feature of a highly tribal society. Everything bad is projected onto the other. We have a society full of people who all think they are good and blameless, as they tell other people how bad they are.
What if it is true that the employment statistics are correct?
Why is it that you don’t feel you need any evidence to support your theory that the Obama administration is lying? Is it so partisan of me to believe what the evidence points to, rather than to believe, without evidence, that the administration is lying?
I hope your ark doesn’t have a pair of dinosaurs in the hold.
Jobs report is hit out of the park, 10-yr falls, curve moves towards inversion: nothign to see here folks, move on.
It’s also very interesting that jobs continue to increase, but corporate tax witholdings continue to decrease, and in withheld income tax is barely (<4%) changed . Of course, this isn't the first time we've had such low change in withheld income tax. Other time periods (since 1998) when the change was less than 4%:
Aug 2001 – Dec 2004
June 2008 – Oct 2010
ZH reported 90% of jobs added were over the age of 55 and the 24 and under group actually lost 107k jobs in June.
Fly
Wring thread. Whats ur thought on JUNO if FDA clears them and allowed to continue study?
No idea, sorry
Sir Fly another Book pic and one to buy more then others KMI I know you despise oil but this is a lock pick for the future.
Interesting company. The weirdly named but competent Motley Fool investment web sight folks say this about it:
Kinder Morgan Inc. Bulks Up Its Terminals Business
The infrastructure giant signs a 10-year contract with Nucor.
“Kinder Morgan’s diverse asset base provides it the opportunity to grow in ways its peers cannot match. While the company’s bulk terminal business is not a major growth driver, it is a relatively steady source of cash flow. Further, as the Nucor contract demonstrates, the company can consistently grow the segment with the security of long-term fee-based contracts similar to those that back its pipeline assets.”
http://www.fool.com/investing/2016/07/07/kinder-morgan-inc-bulks-up-its-terminals-business.aspx?source=yahoo-2&utm_campaign=article&utm_medium=feed&utm_source=yahoo-2