Poolman's Account Talk

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Personally:

I think it will come in under 340K; possibly under 300. A 400, +/or a negative revision to last months will crush the index - expect minimum 6% decline in one day.

As the last 2 trading days have shown, there are some doubters.

This is the big one - - - I am letting it ride, and I'm not alone here - - - wish us all luck tomorrow!!!
 
Market Consensus Before Announcement :suspicious:
Nonfarm payroll employment in June declined 467,000, following a fall of 322,000 in May. However, layoffs of temporary workers for the upcoming 2010 census accounted for a notable part of June's job losses. In June, the average workweek slipped from 33.1 hours in May to an extremely weak 33.0 hours-the lowest level on record for the series, which began in 1964. Average hourly earnings were unchanged after rising 0.2 percent in May. The civilian unemployment rate rose to 9.5 percent from 9.4 percent in May with the latest number the highest since August 1983.
http://fidweek.econoday.com/
amoeba said:
Personally:

I think it will come in under 340K; possibly under 300. A 400, +/or a negative revision to last months will crush the index - expect minimum 6% decline in one day.

As the last 2 trading days have shown, there are some doubters.

This is the big one - - - I am letting it ride, and I'm not alone here - - - wish us all luck tomorrow!!!
Click to expand...
 
poolman said:
Yes, I think we will be good today. Now give me my money back for the last 2 days. LOL...:laugh:
Click to expand...

I think we may be getting a lot more than that. Maybe SB's call for 3.5%? :nuts:

More importantly than the number you cited, the unemployment rate actually dipped to 9.4%, this after many calls and predictions of 9.6 or higher today. This could get real interesting.:cool:
 
coolhand said:
I think we may be getting a lot more than that. Maybe SB's call for 3.5%? :nuts:

More importantly than the number you cited, the unemployment rate actually dipped to 9.4%, this after many calls and predictions of 9.6 or higher today. This could get real interesting.:cool:
Click to expand...

Yes, I noticed the unemployment rate drop also. This was a bonus surprise. I agree that we will probably be on track to SB call + 3.5%.

Response seems abit muted thus far but market will climb all day. This information will be talked about all day. :)
 
poolman said:
Yes, I noticed the unemployment rate drop also. This was a bonus surprise. I agree that we will probably be on track to SB call + 3.5%.

Response seems abit muted thus far but market will climb all day. This information will be talked about all day. :)
Click to expand...



My fear will be mass profit taking at end of day with weekend coming....
 
Both the May and June numbers were revised downward - same could eventually happen for July. I think the market will take that into consideration. I need to front run this puppy.
 
You can read news and plan accordingly. There is nothing you can do TSP wise to plan for profit taking. Let it ride. IMO
 
fedgolfer said:
PM,

Glad you got your jobs #. Thanks for posting all the vids.

FG
Click to expand...

Your Welcome fedgolfer.

I've been trying to get more and more back into making money. I kinda got out of it for a couple of months. There where reasons for my lack of interest but for the most part they have been resolved.
 
well - you were predicting 300 and 20 pts up, I was hoping for 350 to just under 300. The -247K was below anyone's predictions - and the S&P moved only 13, but not due to a COB sell-off; either it was baked in and held-off some programmed profit-taking or something....reaction seems muted to me.

For the other funds, the S-fund did rise 2+%.....while the bond fund, which I am in 26% or so, took a hit. So what's next? Will the chasers throw in more chips next week? I think so.....maybe more to the benefit of I and S than C, but we'll see.
 
Monday the bulls will burn the bridges and not allow any late players to get a decent opportunity to get aboard the train. It's now hurry up time.
 
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