Middle Class people are being hit hard. We go into work not knowing what will happen next. Story upon story is being told. And Boy do I hear stories. We service mainly Middle to Upper class folks.The Middle class around here is struggling to keep there lifestyles from being changed. The Upper class just bitch about the stock market and stop tipping, saying they are going to the poor house. They wait to tell you what is wrong with there pool at the time of closing. How arrogant. We are there to close the pool not start trouble shooting other things.
It is very obvious to me that we are in a recession. As far as Doom and Gloom --->
Yes it is best to buy when the Doom and Gloom is at it's Highest. I don't believe it is at it's highest. The Economic report's that keep coming in are only getting worse. Wall Street likes to look ahead (at least six month's) all the time. Nothing indicates that the economy is starting to turn up yet.
Therefore how can stock's go up?
Today's up day even with the crummy job's report was already priced in yesterday. Wall street does not want people to think that it is logical. It never has. That is why you have to price things in yourself but in order to do that you must watch, listen, and know how to do this the best that you can. It is almost like you must take everything you can into consideration and fair value it in advance. I actually try to do this most of the time. I think that we are almost at even keel for the start of Monday morning.
I hope I have made sense to some but this is how my twisted mind works.