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InvisibleAnnapurna1
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Registered: 05/21/02
Posts: 5,646
Loc: innsmouth..MA
once again..stocks surge with the unemployment rate...
    #9749635 - 02/06/09 01:03 PM (15 years, 13 days ago)

what recession??...

http://finance.yahoo.com/news/Wall-Street-shrugs-off-apf-14279774.html

im only posting the link for the numbers.. dont believe for one minute any of the explanations their giving...investors are gleeful because higher unemployment means lower wage costs and higher profits for investors...


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"anchor blocks counteract the process of pontiprobation..while omalean globes regulize the pressure"...


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OfflineScavengerType
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Registered: 01/24/08
Posts: 5,784
Loc: The North
Last seen: 10 years, 3 months
Re: once again..stocks surge with the unemployment rate... [Re: Annapurna1]
    #9751387 - 02/06/09 05:57 PM (15 years, 12 days ago)

Probably one of the safest factors to bet on in this market, however who exactly will be consuming the products may be an issue as to weather or not it is a good investment. High worker mobility would be another thing to bank on too for people who are newly into the workforce from training (likely to have had/have ARMs).


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"Have you ever seen what happens when a grenade goes off in a school? Do you really know what you’re doing when you order shock and awe? Are you prepared to kneel beside a dying soldier and tell him why he went to Iraq, or why he went to any war?"
"The things that are done in the name of the shareholder are, to me, as terrifying as the things that are done—dare I say it—in the name of God. Montesquieu said, "There have never been so many civil wars as in the Kingdom of God." And I begin to feel that’s true. The shareholder is the excuse for everything."
- Author and former M6/M5 agent John le Carré on Democracy Now.
Conquer's Club


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OfflineRedstorm
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Registered: 10/08/02
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Re: once again..stocks surge with the unemployment rate... [Re: Annapurna1]
    #9751624 - 02/06/09 06:43 PM (15 years, 12 days ago)

You clearly have a pitiful understanding of how the market works. Lower wages doesn't necessarily mean higher profits. If people aren't making money, they can't spend it on goods and services. Also, where do you see that wages are decreasing?

I sane person would realize the gains were largely due to the stimulus package likelihood of being passed and the news of the bank plan.


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InvisibleAnnapurna1
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Registered: 05/21/02
Posts: 5,646
Loc: innsmouth..MA
Re: once again..stocks surge with the unemployment rate... [Re: Redstorm]
    #9752772 - 02/06/09 10:23 PM (15 years, 12 days ago)

>> You clearly have a pitiful understanding of how the market works.

the word "market" isnt even in the thread post...

>> Lower wages doesn't necessarily mean higher profits.

the key word is "doesnt necessarily" ..ever since reagan and especially under bush we have seen clearly that the "doesnt necessarily" doesnt apply...

>> If people aren't making money, they can't spend it on goods and services.

thats what i was taught in school too...however..the supply-side economics of the last 30+ years have worked very differently...

>> Also, where do you see that wages are decreasing?



>> I sane person would realize the gains were largely due to the stimulus package likelihood of being passed and the news of the bank plan.

and if you believe that..you'll believe anything...


--------------------


"anchor blocks counteract the process of pontiprobation..while omalean globes regulize the pressure"...


Edited by Annapurna1 (02/07/09 12:12 AM)


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OfflineRedstorm
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Re: once again..stocks surge with the unemployment rate... [Re: Annapurna1]
    #9753575 - 02/07/09 05:07 AM (15 years, 12 days ago)

Quote:

the word "market" isnt even in the thread post...




Where in the hell do you think stock prices are relevant?

Quote:

the key word is "doesnt necessarily" ..ever since reagan and especially under bush we have seen clearly that the "doesnt necessarily" doesnt apply...




Post something with substance. If you're trying to make a point, show some evidence for it.

Quote:

thats what i was taught in school too...however..the supply-side economics of the last 30+ years have worked very differently...




It has nothing to do with supply side economics.

Quote:

and if you believe that..you'll believe anything...




Like I said, if you're going to assert something, I'm going to need sources.


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InvisibleLunarEclipse
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Registered: 10/31/04
Posts: 21,407
Loc: Building 7
Re: once again..stocks surge with the unemployment rate... [Re: Annapurna1]
    #9753718 - 02/07/09 07:27 AM (15 years, 12 days ago)

Quote:

Annapurna1 said:
what recession??...

http://finance.yahoo.com/news/Wall-Street-shrugs-off-apf-14279774.html

im only posting the link for the numbers.. dont believe for one minute any of the explanations their giving...investors are gleeful because higher unemployment means lower wage costs and higher profits for investors...




One explanation for yesterday's "rally" they give in the article I would believe is short covering.  Other explanation I would believe is are that people buy on the rumor (of a "new and improved" bank plan).  Of course, they also sell on the news.  Another explanation not mentioned in the article is that the S&P average broke above technical resistance at 850 and once that happened it was off to the races further crushing the shorts. 

The word "investors" is a joke in the stock market(s) of 2009.  It's a big casino with big gamblers who play fast and often.  Does anyone really think the average investor is what drives this market up and down?  No way, most people are more worried that they will be among the next people chosen to be laid off.  This is true at IBM, a company that is doing "well" and even more true at the many companies not doing as well.  If they still have money in the stock market after losing 40+ percent in their 401k plans over the last year, they aren't moving it around daily.  The Average Joe is going to work every day and hoping to keep going to work and worrying about paying their bills and college tuitions for their kids.

I would expect this weeks "rally" to extend into next week until the S&P hits major resistance of 900.  If it fails there and starts moving back down it will drop like a stone, if it breaks through 900 it will be a fast ride up to 950+.


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Anxiety is what you make it.


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OfflineTGRR
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Registered: 05/22/07
Posts: 2,084
Last seen: 12 years, 25 days
Re: once again..stocks surge with the unemployment rate... [Re: Redstorm]
    #9753739 - 02/07/09 07:44 AM (15 years, 12 days ago)

Quote:

Redstorm said:
Where in the hell do you think stock prices are relevant?





Nowhere.


--------------------
What can we do to help you stop screaming?

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OfflineHotnuts
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Registered: 02/26/05
Posts: 3,436
Loc: Wild Blue Yawnder
Last seen: 1 month, 13 days
Re: once again..stocks surge with the unemployment rate... [Re: TGRR]
    #9754172 - 02/07/09 10:09 AM (15 years, 12 days ago)

On a technical basis, this is a crucial point for stocks. The Dow is in the process of rolling over to the downside again. The VIX (volatility index) has formed a triangle (or a flag pattern if you want to be anal about it) and is either going to settle in, or shoot upwards, sending stock indices lower. Watch ^vix and if it begins to trend upwards along the bottom pink line and breaks the top blue line (resistance line) stock indices will drop. This thursday's retail data and the stimulus program will be the catalyst for what happens in the short term. If the Dow can achieve the 9100 level at closing in the near future, that will be a huge plus from a phsycological standpoint.





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