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The Almighty
Private sector growth looks to be weakening again... numbers today came in at a positive 13k. Expectations were that the private side would see at least 60k.

Friday's report is not likely to be good as the Census job hiring is over and some of them have already been let go... which means we may see an overall decrease for June.

The markets are nervous, we need to see support hold on the S&P at 1040. The Dow has already broken technicals. If the S&P follows suit (it is hanging at about 1043 right now) it is going to be a very rough month of July. (barring a major confidence boost... which is not likely given the data and concerns in Europe and China)
 
I'm guessing as usual the next report will be about 50,000 more than ADP which is sill about 100,000 below consensus. The market might fall 500 pts friday.
 
The people in positions of power have accepted that we will have around 10% unemployment for the foreseeable future and will not do a thing about it. Get used to it.
 
Topspin said:
I'm guessing as usual the next report will be about 50,000 more than ADP which is sill about 100,000 below consensus. The market might fall 500 pts friday.
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Obviously we never can predict how many points on a specific day the dow will fall. But if we break technicals here on the S&P (which would provide a degree of confirmation to the Dow's breakdown) then we could go back and test the March 2009 lows. (though there is support at 9200 and again at 8150 that could hold)
 
NigelTufnel said:
The people in positions of power have accepted that we will have around 10% unemployment for the foreseeable future and will not do a thing about it. Get used to it.
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Which is why the people in power are going to be looking for jobs come November (at least a good chunk of them will). If Saint Obama doesn't start to actually LEAD this country, then he too will be looking for a job in a couple years. (probably turning water to wine at young Democrats meetings around the country or something)
 
Superfreak said:
Which is why the people in power are going to be looking for jobs come November (at least a good chunk of them will). If Saint Obama doesn't start to actually LEAD this country, then he too will be looking for a job in a couple years. (probably turning water to wine at young Democrats meetings around the country or something)
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The FED guys aren't going anywhere. But you're right about the rest of them, well, the Democrats anyway.
 
NigelTufnel said:
The FED guys aren't going anywhere. But you're right about the rest of them, well, the Democrats anyway.
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Republican incumbents are almost as vulnerable as Dems.

As for the FED guys... sooner or later the public is going to disappear those a-holes. Though if that happens I am going on record right now by stating it wasn't me. :cool:
 
the market sucks. im tired of having money in it. 13 years out of college and its almost flat. id have done better off just paying off house with that money.. at least then i could have more comfortable non risk life. I'm to point now where unless they fix the gaps in regulations that total fuck the average joe investor I have no use for it.
 
the bond market has done better over the last couple decades.
The stock market is capitalism, I'm not about to give up on it.
 
Topspin said:
you'll kick yourself if you get out and we reach new all time highs in a couple years.
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and you will kick yourself if it crashes back to 2009 levels while you hold on....

The concept of buy and hold is ignorant. The only ones that do that are the suckers.... The big boys TELL their clients to do it... yet who do you think is doing all the selling as the market comes down.... yep... the big boys.

When the fundamentals AND the technicals are telling you to get the hell out of the market.... you DO IT. Otherwise you just have another ass reaming coming your way.
 
Superfreak said:
and you will kick yourself if it crashes back to 2009 levels while you hold on....

The concept of buy and hold is ignorant. The only ones that do that are the suckers.... The big boys TELL their clients to do it... yet who do you think is doing all the selling as the market comes down.... yep... the big boys.

When the fundamentals AND the technicals are telling you to get the hell out of the market.... you DO IT. Otherwise you just have another ass reaming coming your way.
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tell that to Buffett
 
Topspin said:
the bond market has done better over the last couple decades.
The stock market is capitalism, I'm not about to give up on it.
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But when the multinational capitalists take the our ability to earn capital away and give it to the communist Chinese industrialists how are Americans supposed to survive against slave labor? Don't bitch when we change the system in this country and start protecting Americans again.
 
Topspin said:
he got to be the richest guy because he didn't get all whiney scary like some folks are prone to do.
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There is a huge difference between "scared" and smart. What people most often ignore with Buffet is that when he is "buying" something, he sold something previously to get that cash.
 
And if anybody could seriously time the market they most surely wouldn't need to have day jobs.
I buy great companies and hold them for a long time.
It's worked pretty good for me.
 
Topspin said:
he got to be the richest guy because he didn't get all whiney scary like some folks are prone to do.
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It is not a question of being 'whiny scary' (whatever the hell that is supposed to mean) it is about prudence. It is NOT prudent to sit in a market that is getting its ass kicked day in and day out.

Why the hell would any 'adviser' or 'money manager' sit and take the hit that we took in 2008-early 09?

What exactly are they managing if they don't make the decision to get out of the market when the technicals and fundamentals suggest the market is not a good risk adjusted place to be?

Buffet is certainly better than most money managers, but as I stated... he lost FORTY percent in 2008.

So tell us toppy.... if you are so beholden to buy and hold.... WHO is it that you think are selling? Because most individual investors are taught to buy and hold.

Why are they taught that?

Could it be because if they pulled their money out the money managers wouldn't collect their fees?
 
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