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Re: jobless claims lower

Nordic said:
In sign that the battered labor market might be close to turning around, new applications for unemployment benefits have dropped significantly from March's high levels. However they are still above the 400,000 mark that analysts say would signal payrolls growth.


http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=OBR&date=20091203&id=10827478
Click to expand...

I'm still not buying the argument that the labor market may be turning around. The numbers are deceiving. For the most part our economy is moving sideways. Perhaps labor is moving sideways too, but any serious decline in those numbers requires businesses to begin spending again. And for that the banks need to start lending instead of using their funds to play in the market casino. :rolleyes:
 
Re: jobless claims lower

coolhand said:
I'm still not buying the argument that the labor market may be turning around. The numbers are deceiving. For the most part our economy is moving sideways. Perhaps labor is moving sideways too, but any serious decline in those numbers requires businesses to begin spending again. And for that the banks need to start lending instead of using their funds to play in the market casino. :rolleyes:
Click to expand...

I'd have to agree CH, small businesses really seem reluctant to hire anybody right now due to the uncertainties and lack of direction out there. Also, the manipulation of the jobs "saved/created" numbers is pretty transparent and damaging to the administration's credibility...neither party seems interested in staying in office for more than one term the way they sabotage their policies. Will be interesting to see if the Fed. will be forced to raise interest rates earlier than they would prefer. :suspicious:
 
"Saved or created" jobs calculations have never worked, even though everyone THINKS they can be done. It's like one of my favorite :sick: calculations, when I get asked how many jobs lost/gained from imports and exports, how many jobs could be gained in if a trade barrier is removed - good luck coming up with anything except finger in the air calculations (up to you which finger).

People can drop off the list of receiving unemployment benefits for a myriad of reasons. Beware of conclusions extrapolated from data that doesn't measure *exactly* what you are trying to measure.
 
Expecting Upside Breakout

According to Carl Swenlin, "At this point, I think a new 20-Week Cycle began on November 1. The next major cycle-related correction low is projected for April 10, 2010 when the 9-Month Cycle is due to bottom."

And, "Let's look at the chart again. What I see is a flag pole (the rally from the November low) and flag (the recent three-week consolidation). The technical expectation from this formation is an upside breakout with an initial target of about 1180. We are in a bull market with the market behaving extremely well, so I have high confidence in this outlook. If prices drop below the bottom of the flag, breakout expectations would be negated."

http://www.decisionpoint.com/ChartSpotliteFiles/091204_cspot.html
 
It's frustrating to see the market give up early gains session after session, it certainly doesn't make the impression there is much confidence or strength out there. It'll be interesting to see what January brings. Still holding 30C/30S/40I.
 
It seems lately that people are buying when the market opens and selling at 10:00 and then we just meander the rest of the day.
 
"As unpleasant as most of the past decade has been, the next decade is setting up with extraordinary promise and could fulfill many of the aspirations that investors believed would be theirs 10 years ago. Only not in the places that they expected and not in the way they once thought they would prefer."

http://articles.moneycentral.msn.co...ls/markman-get-ready-for-the-roaring-10s.aspx


Nice to read some optimism in some corners, will be interesting to see what the next decade brings.
 
Thanks for the pleasant read - Jon Markman is always prescient in my opinion. What I got from your link..."and two modest bull markets failed to ignite widespread wealth because they were disbelieved". It seems the same thing is happening now and it's classic. This I particularly liked from the same link. "our government has decided to spend the nation's rebounding abundance on a cockeyed concept of fairness - trying to make everyone even, regardless of merit, rather than letting the smart and ambitious use their funds to create jobs and wealth." Sounds like more liberal agenda of multiculturalism at work.
 
"But let's worry about the next bubble after it is under way for a few years."

strike up the band.
 
All I want for Christmas...

C'mon Santa, all we want is a rally...surely a jolly old man can deliver that :rolleyes:
 
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