You have it backwards!!! "The Fed, in concert with secret societies and elitists groups such as the Council on Foreign Relations, have already orchestrated the coming financial crash. When will it happen? Very soon, for to achieve the New World Order they desire, the economy of the United States must be destroyed." How else can you explain the markets going down so much over the last 3 years!!!
In all seriousness I just trade: up, buy; down, sell. Simple. It's just an interesting conversation to participate in when youv'e been doing this for a while and have seen some truly miraculous "saves". Nuff said from me on this subject! Figures, I take the day off and it's a good one!; oh well back to biz tommorrow. Hope you are doing well today David
Yes, I went long about a week after the markets re-opened. I went REAL LONG, if you know what I mean! :eek: I closed out half the positions. I am right around breakeven.
10 Jan 2002 Dec non-farm payrolls -101K ; +20K expected. Prior -88K revised from -40K. After moderate down move at the open - big rally... I just want to say it is strange for me.
The market was strong yesterday. Jobs data is a lagging indicator that fluctuates a lot. Doesn't seem strange to me. If there was any manipulation here it was the "over-reaction" to the downside at the open.
Fluctuates alot? -100K vs. expectations of +20-30K? You are so naive....all the ingredients for a 4th down year are in place, who do think is buying? Mutual fund cash is 4.4% vs. 11% in 1990, 12.5% in 1982; why do you think the markets just hold ground and don't go anywhere? Everyone is bullish, and fully invested, not the ideal scenario. You don't find it odd, that with every awful data point we rally. Come on boy! No I did not profit from todays action, I slept thru the open. David