Posted on 01/04/2019 10:17:27 AM PST by abb
Stocks rallied on Friday after two positive pieces of news for the market.
At 8:30 a.m., the Labor Department said the U.S. economy added 312,000 jobs in December. That blew past an expectation of 176,000 jobs. Later on Friday morning, Federal Reserve Chairman Jerome Powell said the central bank will be patient in raising rates, quelling fears of tighter monetary policy in the near future.
The Dow Jones Industrial Average rose 800 points, or 3.5 percent. The S&P 500 rallied 3.5 percent, with the tech sector gaining more than 4 percent. The Nasdaq Composite climbed 4.3 percent. This was a rebound from Thursdays plunge, which was triggered by a massive drop in Apples stock.
Stocks took off after Powell hinted the central bank could pause its rate hikes, something this beaten-down market was waiting for. As always, there is no preset path for policy, Powell said. And particularly with muted inflation readings that weve seen coming in, we will be patient as we watch to see how the economy evolves.
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(Excerpt) Read more at cnbc.com ...
What he means by saying he will not raise interest rates in the near future is that he might wait 4-5 months instead of 2-3.
What should you buy? Stocks? What corporation is that?
GHAAAH! HELP! THE WORLD’S COMING TO AN END! BUY STOCKS BEFORE IT’S TOO LATE!!!!!!!!!!!!!!!!!!!!!!!!!
-—What should you buy?——
The answer is easy
Buy a mutual fund with a diversified or index portfolio
Such a purchase is to believe in the strength of the American economy
Every mutual fund I ever put a dollar on immediately declined and stayed down regardless of past performance and market conditions. I have no money anyway, but if I did I would have a distinct advantage on specific stocks, because I have seven hours to do my research before the markets open in New York. But if anything, I’d want to go back into commodities, and this time do it smart. Fundamentals timed by technical cues.
You made very poor choices
You probably chickened out and sold at the bottom as many arewant to do
Yup. Another tragic failure for President Trump. Let’s go vote out the Senate and make them commie also so that we can turn this around and drive this country in the toilet like the commies want us to do. Nope, this is not America that the commies love. We are just being too positive, to great and wonderful, to American!!! More jobs and more money for workers is just wrong. Commies cannot win like that. But, you know Americans, the President adds thousands of jobs and Amerikans vote in a commie House of Reps. Ain’t America great.
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