JOBS REPORT

[Mike]

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I Fund took the biggest hit today (15 cents). F, C, and S all dropped about 5 cents.

Max sustained winds for Frances are down to 105 mph now - so there is very little chance of it regaining category 4 strength. Storm surge won't be nearly as big of a problem as it could have been had the storm retained its 140 mph winds of a couple days ago.

However, it has slowed down - it is only drifting along at 6 mph. That means pretty much the entire state of FL will be dumped on... hopefully an upper level trough will come along in the next day or two and pick this thing up and kick it out.

 

[Guest]

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Mike,

Hurricanes slow down when they hit land. Afterthe Bahammasthe Hurricane will be in deep, warm water again. The slower hurricane speed even withlowers winds will pack a large punch and that is a huge concern. Anyone buy orange futures? $58 to $79 in two weeks. I got in at $59 and am holding tight.

Not to be morid. But my REIT fund has gone from 16.08 to 17.09 since Charley. Like in the movie the 5th Element. Growth happens with destruction. I think he said when he broke the glass...see all these littles things that go to work with destruction.

Good luck to all the Floridians on this board. My prays and blessing are with you.

MT

 

[Guest]

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Spaf,

I appreciate your post. The market rallied on Tuesday on the S&P 500 index rebalancing (forcing index fund managers to purchase stocks). The market rallied on Thursday based on the rumour from someone or somewhere that the job report was going to be gang busters. I would love to know if those two events did not happen where would the market would of finished for the week. I believe Friday is the true picture of what is going on with the economy. 100K new jobs over three months is 150K less then we need to grow this economy. Intel reports of raising inventories while cutting prices is a very bad sign. Layoffs and lower pay raises moving forward.

My short term outlook is the market to have a RNC bounce. I will sell into that bounce. If the big guys come in on Tuesday and start selling I will get out immediately. Let us hope X Pres Clinton has a successful heart surgey. If not that will be a hit to the market. Not to be morbid but you have to look at what will be good and what will be bad.

For those in stocks lets hope for a RNC rally for at least a couple days.

MT

wrote:

OK

No nitpicking,.....lets stand back and take a look at the big picture. [You can even mouse up and take a peak at MTs chart on the market, DJ INDU,, or any current market chart of the S&P variety].

What is it telling us? What are the facts? No emotions, just facts!

What is the market doing?