Precious?
Posted on 11/01/2019 1:06:33 PM PDT by abb
U.S. stocks finished higher on Friday after the October jobs report showed the labor market remains strong, allaying concerns that slower global growth and a weak manufacturing sector would start to hit households. The S&P 500 SPX, +0.97% rose 1% to finish around 3,067, above its precious closing record of 3,046.77 set on Oct. 30. The Dow Jones Industrial Average DJIA, +1.11% added 301 points, or 1.1%, to end at around 27,347, based on preliminary numbers. The Nasdaq Composite COMP, +1.13% climbed 1.1% to end near 8,386, above its previous closing record of 8,339.64, set July 26. The U.S. economy added 128,000 new jobs in October, comparing with analysts' estimates for 75,000 job gains last month.
(Excerpt) Read more at marketwatch.com ...
Marketwatch likes to salt it’s reporting with anti-Trump and neverTrump wherever possible. I bookmark it for the numbers.
I think Sunny Oh is Sunny D’s cousin. But I might be wrong about that...
Actually, the media is quite concerned with this great economic news. So much so they report it as bad news. #corruptmedia
You can get your economic numbers at Fox Business News as well.
What a week Trump has provided ...from the killing of the Isis leader finishing with he good economic news today.
You don’t suppose any liberals are hypocrites with their money in ‘Trump’s stock market’, do you?
How’s the traffic in your area? It should be way more congested than 2015. Why? Unless you work from home, you drive somewhere to work, and EVERYONE IS WORKING...that is a good, anecdotal datapoint for how the economy is doing.
How many service trucks do you see filling up at gas stations in the morning? I see a lot. Pumps are nearly always full.
I love studying anecdotes.
Yard services...always out there...these don’t work when the economy tanks...
Etc.
My house is within earshot of freight rail and there is more freight rail. But I have not quantified it.
My house is within earshot of freight rail and there is more freight rail. But I have not quantified it.
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Here in Cincinnati, I am 1 mi from railroad crossing; I am frequently stopped at it leaving and returning...never happened before...and, these are almost always double-stacked freight containers...
On the Ohio River, I see many coal barges again! Yes, coal! None during Obama regime.
We just got back last month from an extended trip to California from our home in Louisiana. Lots of travel via 1-20, 1-10, 1-40. Very heavy truck traffic.
And don’t forget the rally tonight.
What happened to the democrats ‘recession’ talk?
Seems every time the Dow crosses 27K or the S&P 3K that the “R” word starts getting trumpted constantly from every mainstream media outlet on the planet.
If not that, then some supposed “rumor” about trade deal collapse or some other massive economic calamity that is sure to happen..just..about..any..day..now.
Funny how that happens, eh?
With new records, you can bet the next bad day will get a lot of media hype and recession (the R-word) talk.
So yeah, when Trump is elected the S and P was 1800. He goes 4 years and it is almost 3100 probably going to 3200 but if it drops to 2800 next year we have a bad economy. HAHA, not quite.
The Dems are all praying to whomever they pray to for a stock market crash next October and massive layoffs.
Another indicator is the number of cars with paper plates.
Unexpected?
This market has Bulls. It has Bears.
The Bulls eat the Bears in this market.
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