Job report

[Guest]

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Grandma,

I understand your post.

You are concerned about having your TSP and your social security private account in one place.

Having your nuts in one hole simply does not work...if we are talking about your investments.

Keeping in mind the G funddoes not keep up with true inflation...that would mean you would have to go long stocks in order to be able to have any kind of comfortable retirement...this is going to be the largest disaster of our time.

It is all most like they forget we are in a bear market now...bear markets normally last 15 years...I would hate to be the guy trying to retire 10 years from now on my private account...REMEMBER and this is hard for you to believe...if you put $1.00 in the QQQs on January 1, 2000 you would have about .48 now...after inflation your $1.00 would be worth about .35 now. Yeah that will work.

I am not bearish because I want to be...I am bearish because that is going allow me to keep my job because I have to trade on what the market is giving me.

Good luck out there gang...put if I can state one thing...the market is not reacting to the news and we have the buy on the dip thing going again...buying on dips does not work...sell on weakness and buy into strength....averaging down is not wise.

MT

 

[tsptalk]

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MarketTimer wrote:

By my crappy math that would around a gain of around 140K for the monthly report.

Nice call MT!

 

[Mike]

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... and yet the market rallies. :shock:

I wouldn't be surprised to see Monday reverse some/all of today's gains on profit-taking.

I gained back pretty much what I lost in the first week of January, so I'm going to be careful the rest of this month...

 

[tsptalk]

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That's what the market comments were about today. Good reports get sold and bad ones get bought, but it usually takes a couple of days. Friday was strange. I expected a sell off by the end of the day. There is some serious momentum out there but I agree, it's probably a better selling opportunity. We can buy later.

 

[Guest]

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I am starting to love this board...the other boards I am on they are buying into the rally (however I keep my mouth close there and just watch the train wrecks). I would say this board is going to have a great year.

Tom,

Appreciate you recognizing that there is noone out there that got as close as I did on the job report. I am horrible with human interaction...but you give me a set of numbers and say if you get this right you make money doing it....I have had girlfriends say I am like a calculator...great fun for me is buying groceries....and telling the guy before he rings it out what my total will be before he rings it up...I am kind of like Mr Spock with a bad attitude. But if you put $100 on the table and say trade to get it I will cut up a mother with seventeen kids to get it...if you play the game you got to take the pain...

But I love you guys.

I hope you all the best.

MT

 

[Guest]

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tsptalk wrote:

MarketTimer wrote:

By my crappy math that would around a gain of around 140K for the monthly report.

Nice call MT!

Tom,

Know whatis funny??? I beat myself up for about an hour because I was 6K off...I read the job report...WOW what a hit to manufactoring jobs...even after they changed fast food jobs to manufactoring....WOW...we are certainly turning into a service economy...that is where the growth is.

God bless and have a great weekend...

MT