I’m trying with my feeble little brain to figure out how the Dow is exploding up nearly 2000 points in a matter of weeks and yet we lost 3/4 of a MILLION jobs in one month.
Please, can someone explain this to me because something is just not adding up here. Is the economy on the recovery?
Look for a rally before the crash when the big players try to sell their holdings while the prices are up.
I figure Soros and his pals are manipulating things. Soros recently said (very loudly) that he was profiting from the decline. Probably a lot of other people decided to do the same — so Soros used ju-jitsu and positioned himself to profit from a rise and then watched the money come in.
Markets are a leading indicator, jobs are a lagging indicator.
read my other post on here if you get a chance
people losing homes and jobs, we have no money and yet the market is up?>>?????????????????????????????????????
yes I do think something is going on and someone or some are playing around with the market here
it doesn’t make sense with all the bad things going on
“....Please, can someone explain this to me because something is just not adding up here. Is the economy on the recovery?
....”
Simple, remember all that money the FED and Gov’t released? I have a funny feeling that a lot of money is being poured into the market from, well in “fair” terms, non investors and at a certain point, very soon, billions will be withdrawn from the market thus securing our demise!
It rarely does.
Simple. The stock market looks ahead. I know this is ancedontal but the company my wife works makes seals for industrial, food and medical use and they are hiring back the entire second shift. Orders have started rolliing in again.
Nearly every type company in the US have run their inventories down to record low levels and they need to start ordering soon.
The economy is going to start turning around I predict late spring/early summer.
Please, can someone explain this to me because something is just not adding up here. Is the economy on the recovery?
“Please, can someone explain this to me because something is just not adding up here. Is the economy on the recovery?”
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I’m no financial guru, but I’ve suspected for a while that the very same agents who suddenly withdrew $500B in September would eventually start putting it back into the markets at some point after Odumbo’s win.
Part of it may be that some of the employment is now "off the books" and the official figures may be understating how much of the workforce is employed. That's really the only thing I can see which would explain how consumer spending has held up despite the "official" job losses.
No, we are not close to an economic recovery. Many people expect a rally, so they just create one. By that, I mean that the market went down so hard so fast, many knowledgeable people expected to see a rally that retraced about 50% of that rapid loss. This is a nice, strong intermediate bear-market rally. The 1929 depression saw several of them, gaining about 25% or so in each rally, before turning over and continuing irrepressibly down to the bottom.
Who can say if we bottomed? I don’t see it. There is still a great deal of selling pressure. The fundamentals look awful. House prices are still collapsing and foreclosure repossessions are still high. We haven’t even seen many of the Alt-A resets due for 2011 and 2012, though many of those people may be refinancing to current low rates.
Commercial real estate is going to tank. The T-bill market is going to collapse. Consumers are not consuming and businesses are not expanding. Two major automakers will declare bankruptcy in the next couple of months. Credit is still very difficult to come by and the banks refuse to lend unless you have stellar credit.
I’m not saying all this must occur but it must be foreseeable months down the road to say we have bottomed and the markets are going to recover.
IMO, we are going down hard over the next 2 years and this really is just a bear market rally. Kudos to all of the Freepers who have been able to play this rally. I sort of saw it coming because we went down too hard to too fast, so I expected a pull-back rally, but I was just too scared to play it. I was afraid a 3-day rally would roll over and continue the plunge. No way I am playing in this market. I am very happy on the sidelines waiting for the eventual bottom to come in, S&P below 600, perhaps way below.