only a quater of million jobs were lost last month, that ough to be worth a 100+ point rally.
someone please explain what is going on to the stock market over the past several months, damn near close to a 3k rally all on news that companys are now losing 500 million instead of a billion a quarter and now we are only losing a quarter of a million jobs a month instead of a half a million. is this not the most ass backwards shit you guys have ever seen.
To remove first post, remove entire topic.
only a quater of million jobs were lost last month, that ough to be worth a 100+ point rally.
someone please explain what is going on to the stock market over the past several months, damn near close to a 3k rally all on news that companys are now losing 500 million instead of a billion a quarter and now we are only losing a quarter of a million jobs a month instead of a half a million. is this not the most ass backwards shit you guys have ever seen.
Well the job loss rate is SLOWING, that is the key.
Market looking out and seeing the worst might be behind.
but companies are still losing money hand over fist and the unemployment rate is soon to hit 10%. I agree the worst may be behind us but do you think this market should be a 9k i was thinking 7.5k
Quote Originally Posted by wallstreetcappers:
Well the job loss rate is SLOWING, that is the key.
Market looking out and seeing the worst might be behind.
but companies are still losing money hand over fist and the unemployment rate is soon to hit 10%. I agree the worst may be behind us but do you think this market should be a 9k i was thinking 7.5k
you must not have been trading the market very long. Wall Street LOVES it when people are getting thrown out of work. company has a mass layoff and the stock usually goes UP because "they are cutting costs which will improve profitablity" (or bullshit to that effect)
btw, AIG had a PROFIT of 2.30/share. so WHEN are they going to WHIPOUT the CASH to the TAXPAYERS?
you must not have been trading the market very long. Wall Street LOVES it when people are getting thrown out of work. company has a mass layoff and the stock usually goes UP because "they are cutting costs which will improve profitablity" (or bullshit to that effect)
btw, AIG had a PROFIT of 2.30/share. so WHEN are they going to WHIPOUT the CASH to the TAXPAYERS?
but companies are still losing money hand over fist and the unemployment rate is soon to hit 10%. I agree the worst may be behind us but do you think this market should be a 9k i was thinking 7.5k
The market looks OUT all the time, no matter what. The drop from 13k to 7k was severe, this is a mere retrace of that and if we are out of the worst then the market will move higher than 10k very easily.
Quote Originally Posted by sean2114:
but companies are still losing money hand over fist and the unemployment rate is soon to hit 10%. I agree the worst may be behind us but do you think this market should be a 9k i was thinking 7.5k
The market looks OUT all the time, no matter what. The drop from 13k to 7k was severe, this is a mere retrace of that and if we are out of the worst then the market will move higher than 10k very easily.
only a quater of million jobs were lost last month, that ough to be worth a 100+ point rally.
someone please explain what is going on to the stock market over the past several months, damn near close to a 3k rally all on news that companys are now losing 500 million instead of a billion a quarter and now we are only losing a quarter of a million jobs a month instead of a half a million. is this not the most ass backwards shit you guys have ever seen.
Yea your right, what's quite common is people buy on anticipation of what's coming in 6 months down the road, not on the actual reality of the economy today.
Quote Originally Posted by sean2114:
only a quater of million jobs were lost last month, that ough to be worth a 100+ point rally.
someone please explain what is going on to the stock market over the past several months, damn near close to a 3k rally all on news that companys are now losing 500 million instead of a billion a quarter and now we are only losing a quarter of a million jobs a month instead of a half a million. is this not the most ass backwards shit you guys have ever seen.
Yea your right, what's quite common is people buy on anticipation of what's coming in 6 months down the road, not on the actual reality of the economy today.
The market looks OUT all the time, no matter what. The drop from 13k to 7k was severe, this is a mere retrace of that and if we are out of the worst then the market will move higher than 10k very easily.
so then you think this wasn't a bear market rally and we are in full recovery? i jumped out around 7500 thinking it was a bear market rally, i still don't see the positives here, do you think it is time to get back in.
Quote Originally Posted by wallstreetcappers:
The market looks OUT all the time, no matter what. The drop from 13k to 7k was severe, this is a mere retrace of that and if we are out of the worst then the market will move higher than 10k very easily.
so then you think this wasn't a bear market rally and we are in full recovery? i jumped out around 7500 thinking it was a bear market rally, i still don't see the positives here, do you think it is time to get back in.
This seems like a bear market rally to me. Companies have been slashing employees at such a fast rate that they've still been able to meet, or beat, their EARNINGS estimates. This has caught alot of people and market experts by surprise, I think... and stocks have rocketed higher.
I don't think this party lasts too much longer , though.. You can only cut so many employees. At some point, you need to increase SALES. Many, many companies are still not increasing SALES. A growing , healthy economy needs companies to increase their sales, and this is just not happening on a big scale.
This all feels light a sucker's rally to me.
This seems like a bear market rally to me. Companies have been slashing employees at such a fast rate that they've still been able to meet, or beat, their EARNINGS estimates. This has caught alot of people and market experts by surprise, I think... and stocks have rocketed higher.
I don't think this party lasts too much longer , though.. You can only cut so many employees. At some point, you need to increase SALES. Many, many companies are still not increasing SALES. A growing , healthy economy needs companies to increase their sales, and this is just not happening on a big scale.
the market is reacting that things are only going to get better from here. Correction though is still going to come
I agree, It's highly likely we see a small correction at some point. As Wallstreet said, the market always looks ahead, when the bad news was coming and continued to come investors overeacted by looking ahead anticipated even worse news and this caused a larger correction then reality would dictate.
Things became oversold which means there's great value, at times like this is when you'll see some of the biggest gains off any good news or just not as bad news.
As far as a bear rally, not really, you'll likely see a shift out of the sectors that have done well and into areas that haven't done as well, areas that represent more value.
The markets rise generally about 6 months or so before the economy gets back, if you look over history at other large correction, many many times even the experts will say the early parts of a recovery in the markets is nothing more than a bear rally, don't bite, well more than not you missed out on huge gains if you listened, because many times the biggest gains come early when the market is closest to the bottom.
Quote Originally Posted by gamble04:
the market is reacting that things are only going to get better from here. Correction though is still going to come
I agree, It's highly likely we see a small correction at some point. As Wallstreet said, the market always looks ahead, when the bad news was coming and continued to come investors overeacted by looking ahead anticipated even worse news and this caused a larger correction then reality would dictate.
Things became oversold which means there's great value, at times like this is when you'll see some of the biggest gains off any good news or just not as bad news.
As far as a bear rally, not really, you'll likely see a shift out of the sectors that have done well and into areas that haven't done as well, areas that represent more value.
The markets rise generally about 6 months or so before the economy gets back, if you look over history at other large correction, many many times even the experts will say the early parts of a recovery in the markets is nothing more than a bear rally, don't bite, well more than not you missed out on huge gains if you listened, because many times the biggest gains come early when the market is closest to the bottom.
so then you think this wasn't a bear market rally and we are in full recovery? i jumped out around 7500 thinking it was a bear market rally, i still don't see the positives here, do you think it is time to get back in.
No..not at this level given the run and thin volumes of summer trading.
If you MUST be in, and I dont see why, just stagger in..go 20% now and see how things work, I just feel there is a high chance we drop after Labor Day, I could be wrong and we could move to 11k soon. Ive seen this setup before and it feels like a sucker punch is right around the corner, just a catalyst even a small one is needed to start shaking the retail longs and move lower.
Quote Originally Posted by sean2114:
so then you think this wasn't a bear market rally and we are in full recovery? i jumped out around 7500 thinking it was a bear market rally, i still don't see the positives here, do you think it is time to get back in.
No..not at this level given the run and thin volumes of summer trading.
If you MUST be in, and I dont see why, just stagger in..go 20% now and see how things work, I just feel there is a high chance we drop after Labor Day, I could be wrong and we could move to 11k soon. Ive seen this setup before and it feels like a sucker punch is right around the corner, just a catalyst even a small one is needed to start shaking the retail longs and move lower.
only a quater of million jobs were lost last month, that ough to be worth a 100+ point rally.
Hot Forum Topics
