nnuut's Account Talk

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hessian said:
Breached and closed above the 20dma today in the S&P! Significant! Feed Ferdinand really good tonight! ;)
Click to expand...
Nice day today for a change, BUT after hours our friend Google is down big time, don't know if it can recover by tomorrow but it's not likely. Let's hope that the Feb 01 08:30 NonFarm Payrolls come in good tomorrow, that's the kicker!:cool:
 
If this is correct we may have another fine day tomorrow?:D

Companies in the U.S. private sector added 130,000 jobs in January, according to the ADP employment report released Wednesday. The report two days before the Labor Department reports on nonfarm payroll growth for January. Adding in some 25,000 jobs created by government, the ADP report suggests nonfarm payrolls grew by about 155,000, well above the 70,000 jobs now expected by Wall Street economists. [Much More]
http://melduke.blogspot.com/

Kind of contradictory I'd say!:confused:

First-time claims for state unemployment benefits rocketed higher in the latest week, the Labor Department reported Thursday. The number of initial claims in the week ending Jan. 26 rose 69,000 to 375,000. It's the highest level since early October and the largest increase since September 2005. The jump was much larger than expected. [Yeah this is some more]
http://melduke.blogspot.com/
 
:( I was afraid this would happen.:(


U.S. Payrolls Fell 17,000 in January; Jobless Rate at 4.9%

By Bob Willis
Feb. 1 (Bloomberg) -- The U.S. economy unexpectedly lost jobs in January for the first time in more than four years, raising the odds the Federal Reserve will need to cut interest rates more than anticipated to head off an economic slowdown.
Payrolls fell by 17,000 after an 82,000 gain in December that was larger than initially reported, the Labor Department said today in Washington. The jobless rate declined to 4.9 percent from 5 percent in December.
The drop in employment in the wake of tighter credit, a deeper housing slump and a stumbling stock market, is the clearest sign yet that the U.S. expansion is at risk. Payrolls are one of the indicators, along with wages, production and sales, that help determine the start of economic contractions.
``The labor market is very close to the edge here and it would not take much to push the economy over the cliff,'' Chris Rupkey, senior financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York, said before the report. ``More and more companies are reporting layoffs. Now we are seeing that the economy is, indeed, perhaps just inches away from a recession.''
None of the 80 economists surveyed by Bloomberg had predicted the decline in payrolls, which was the first since August 2003. The median forecast in the survey projected payrolls would rise by 70,000, compared with an initially reported gain of 18,000 in December. Forecasts of an increase ranged from 5,000 to 160,000. [more] http://www.bloomberg.com/apps/news?pid=20601087&sid=a6RXEUjetyGE&refer=home
 
But! Goog seems to have recovered before the Bell this morning!!:D
Well maybe not?

Google's (GOOG - Cramer's Take - Stockpickr - Rating) latest earnings report, released after the previous close, was eclipsed by the Microsoft and Yahoo! news. The Internet search giant missed fourth-quarter earnings targets by a penny. Google's net revenue also fell short of the Thomson First Call estimate, and shares were down more than 6% early. http://www.thestreet.com/s/jobs-dat...cat=Free&cm_pla=Feed&cm_ite=Feed&puc=cnnmoney&
 
Wow! but you know I really don't like it when Markets are up like this early in the morning.:mad:

BULLETINU.S. CONSUMER SENTIMENT IMPROVING IN 2008, U. OF MICH. SURVEY FINDS

U.S. stocks rally on positive economic data

By Kate Gibson

Last update: 10:11 a.m. EST Feb. 1, 2008

NEW YORK (MarketWatch) - U.S. stocks snapped higher Friday as a rise in consumer sentiment and a hike in a measure of manufacturing activity countered a disappointing dip in U.S. payrolls earlier on.
http://www.marketwatch.com/news/sto...D7-169A-4EB7-8A0D-3530013DDA72}&dist=morenews
 
Think I'll put it on semiautomatic over the weekend, still 80% "C", 20% "S".:worried:
 
well who you pulling for this weekend new england , or N Y with the points spread i would go NY hope to see a good game either way
 
i hear you but after a few time trials in the old hot rod Sunday (first test n tune) it will give me something to sit on couch warm up and drink a few brewskies:D
 
I dig it too, but have my finger on the trigger in case Mr Market wants to test the lows again. Don't forget there are some mighty hard areas of resistance on the way up. I do think Monday will be OK, but you never know in this CRAZY MARKET!:cool:View attachment 3217
 
nnuut said:
Last week set a new record in the SPX and the DOW, I don't want to be part of the RECORD RETRACE!:cool: BUT WHEN?:confused::sick:
http://www.usatoday.com/money/markets/2007-06-01-stocks-friday_N.htm
Click to expand...

The bad news is not over. I am 100G and G will be my "home base" for the foreseeable future...only dipping my feet in and out of stocks for bursts. The housing bubble is bursting! Some BIG PAIN in the years ahead, I'm afraid.

63.jpg
 
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