I like you conveniently ignored this atricle from YOUR favorite website. http://www.investors.com/breakingne...=71015195&brk=1 Are you pretending like the jobs # was not reported??
During winter months, US economy slowed down to 0.6% growth from a robust 4.0% in previous quarters. Immediate and generous action followed by Feds in January slashing rates twice! Does that count or not? Congress devised a stimulus package for spending right away. Does that count or not? Just tell me AAPL was trading 161 on Jan 18, 2008, earnings blew out numbers on Wall street, yet on Jan 23rd 2008 AAPL closed 139. What was the reason of this angry response to AAPL dropping 22 points over the weekend? Hopelessness and despair? Despondent thoughts of suicide and destruction? Since than AAPL did not make any attempts and now as of April 4, 2008 it close at 153.08 ? What happened ? Was there some kind of transformation in mass psychology ? Why was AAPL's chart peppered with a Howitzer cannon ? Seething anger? Or you never thought that this great American company will live another quarter? How were your actions justified? We are waiting to see a single negative GDP quarter since 2002 and the recession has yet to arrive..the Lion has roared but the mouse is already wimpering in sheer agony. You shorted and destroyed everything in your mad depressive psychosis thats the truth!
You are a fraud man, you tell me investors.com is your fav news website and when I post TWO articles that cleary talk of the economic hardships this country faces, you ignore them completely. You are nothing than a paid shill, you get paid to post only bullish things. Maybe you believe what you post, maybe you dont. But you clearly arent rational. You ask for data, fucking DATA that talks of the economy but when anyone provides real info with regards to the economy that doesnt fit you views, you discard them or ignore them. You dont want the truth, unless its bullish. Its sad man, its a f-iing joke. But in the final analysis its pretty clear that you dont care about whats really going on. You just want to post about what makes you feel all tingly inside, even if doesnt align with the FACTS.
The Jobs numbers are real 80,000 Jobs slashed but they are nowhere close to recessionary levels. The market looked at it and moved on and perma bears and shorts got upset and angry. They couldn't have their day of destruction on the charts... Even if there will be a recession , you think America cannot survive? We have been through many recessions and we are still here as the world's leading economic Superpower..
I wish I get paid for my wonderful contributions that keeps reader ship interest focused on reality. I wish EliteTrader puts me on staff and pays me salary...LOL! I have answered your post below. There is nothing sinister in some jobs lost, we all know there is a slow down and we are probably half way through it already. Last 3 months have been nothing but atrocious for a compelling trader like me. I am used making 110% returns in a good year.
Of course America will survive, thats not the issue. You seem hell bent of saying there are no worries and no issues. Instead of just saying yes there are issues but I think we'll get through them, you insist on telling everyone that they are doom and gloomers for believing that rough waters lie ahead. There is no shame in being honest, admitting that things have been tough for the bull case but that you'll make it through would be far less irritating than what you have been doing. As traders we want to make money, not strongly argue the bull or bear case. I am perfectly happy not knowing where the mkt is going in the long term but the very short term is where I clean up and I dont need to have any bias, going with the flow works fine and is much easier.
It will be very difficult to understand being a Hedge Fund trader and all, but 2/3 of US economy is driven by consumer. Regular consumer has no money to spare for fancy toys like AAPL.
HFT, Balda brought up a very good point. Where is the consumer going to come up with disposable income to buy all the things that drive the US economy. Do NOT say the $600 Bush rebate, thats a drop in the bucket. I mean, seriously, how is the consumer going to be able to buy their Nike shoes, their Ipods, their Strabucks etc when gas is going to be at $4 soon and their incomes unable to keep up with inflation??
AAPL has worldwide market, not limited to US consumers. US consumers have money these Nike wearing/Ipod listening/Starbucks drinking people have enough to splurge and waste. But they are skeptical to the bone. They view everything with caution and fear and they are timid lollipops circling a wagon.