Posted on 08/05/2011 7:20:56 AM PDT by CedarDave
(Excerpt) Read more at moneycentral.msn.com ...
We hope it is a roller coaster ride and not a roller coaster off the tracks ride.
Reality can be a difficult thing.
U.S. stocks fall after brief jobs-report lift
http://www.marketwatch.com/story/us-stocks-fall-after-brief-jobs-report-lift-2011-08-05?siteid=yhoof
Jobs numbers lag turning points, so I’m not surprised the market is discounting the numbers. Market has to know that once national debt becomes greater than GDP, it is hard to sustain growth, and even harder in the current regulatory environment. I think a lot of what is starting to happen is the Obamabots on Manhattan trading desks are starting to wake up to the fact that he’s an epic failure.
The little investors have long been on the sidelines, this is panic amoung the big boys. Governments, Hedge Fund Managers, and Institutional Fund Managers.
bump.
Got a bunch in a Ginnie Mae fund and it’s doing quite well, thank you.
How can anyone still support the idiot in the WH.
Maybe he meant to say the stock market was “roaring backwards”.
Bonds are almost always a good bet during a recession, so long as inflation stays tame.
Riding the rails again, down in obamaville, seeking the stability of no down rather up, some (they will say) it is the way of the way, but I think, it's the spending's fault?
I think the markets realized that the jobs number did not include the fact that many more have left the job force.
Interesting that the BLS site was down this morning right after the numbers were released.
You can expect a big selloff in the last hour today..coming up on a weekend, and with a volatile Europe, many don’t want to be long over a weekend..
Lead Cat Bounce ©
I’d hate to be a writer for a Financial web site.
“Stocks rise after jobs report”
Well, I guess they can cancel TOTUS appearing today to tell us happy days are here again.
Faber: Brace for a Global 'Reboot' and a War
Markets could rebound after Thursday's global market sell-off, but investors should see any bounce as a selling opportunity, as the world economy rolls towards total collapse, Mark Faber, editor and publisher of the Boom, Doom and Gloom Report, told CNBC Friday.
A mooted third round of quantitative easing (QE3) in the U.S. and more money printing elsewhere is merely deferring a crisis that will be bigger and could end in war, Faber said.
If it was announced today that Obama care and all of its components were dead it would start a recovery. If they cut just 10% of unneeded, useless regulation and fired their enforcers, we’d be out of recession soon.
shocking!
you mean they don’t believe the fake numbers Obama released today?
lol
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