Posted on 09/02/2009 1:48:09 PM PDT by Kartographer
A private sector report on unemployment gave investors new reason to fret about what is widely seen as the biggest problem facing the economy. The ADP National Employment Report found that employment fell by 298,000 in August following a revised loss of 360,000 jobs in July. The losses were the smallest since September 2008 but more than analysts had expected.
(Excerpt) Read more at news.yahoo.com ...
Gett’n a head fake, watchin' msn’s take; All of their pundits oozing foul oil. Clean’n my six gun on my front porch swing. Feeling my blood-- It’s beginnin' to boil.
Wasted away again in Obamaville, Searchin' for a job so I can earn my salt. Some people claim that Bush is to blame, But I know it's Obama’s fault.
There’s no ryhime or reason, They are all commitin’ treason With nothing to show but a brand new tax or two. But they are real beauties, Despotic duties, how they got passed I haven't a clue.
Wasted away again in Obamaville, Searchin' for a job so I can earn my salt.. Some people claim that it’s Bush we should blame, Now I think,-- hell with them it’s Obama’s fault.
I blew out my flip flop, Stepped on a pop top; Cut my heel, but I just cruise on back home. Because no medical care will the doctors render They say there’s little service I can tender And there’s no need for me to hang on.
Wasted away again in Obamaville Searchin' for a job so I can earn my salt. Some people claim that Bush is to blame, But I know, it's my own damn fault. Yes, and some people claim that Bush is to blame, And I know because of my vote it's my own damn fault
Haven’t they heard from the zero? The recession is over according to him.
And gold is starting to do its thing too...
My broker is talking 1200 to 1500 this time next year. This was last week.
>> My broker is talking 1200 to 1500 this time next year.
They don’t call ‘em “broke-er” for nothing, do they?
If George Bush were still president, I know what the news leads and newspaper headlines would be:
“Unemployment rises again, economy sinks, stocks plunge”.
Businesses can’t cut their way to prosperity, just like govt can’t spend its way there. Eventually, somebody has to buy something with their own money.
DJIA: 3800 in 2010.
At least I don’t have to worry about being laid off...I just was!
what kind of jiberish is that?
At least I don’t have to worry about being laid off...I just was!
Dittos here.
What? You mean the stock market manipulation’s fake rally can’t overcome the actual horrible economic fundamentals? Say it ain’t so, Joe. I thought the Plunge Protection Team was omnipotent.
It is always "more than they expected" as if somehow they thought jobs were suddenly going to spring out of thin air. I swear, sometimes I think liberals actually think that. I would bet the employment figures are worse than that, but you have to admit sooner or later they are going to run out of jobs to lose, the losses will be a low as they can go for the simple reason that every job that is going to be eliminated will be.
The idiots in charge of course will spin that as a good thing.
LOL! He’s been right for a long time. He got me in at 315 and that has beat the ever living crap out of the rest of the markets. :^)
Folks,
Just Who Was Buying This Rally when it was underway Anyway?
ANSWER: Computers and no one else.
Many don’t know this. But computer trading
programs that are dominating this market. All told,
High Frequency Trading Programs (HFTPs) control
70% of trading volume on the NYSE.
However, at this point, five stocks (yes only five)
account for 40% of the trading volume on the market.
Those five stocks: Citigroup, CIT Group, Fannie Mae,
Freddie Mac, and AIG. Think about that, five stocks
out of several thousand, are accounting for 40% of
ALL trading.
I have a strong feeling that The Stock Market Rally the past 2 months is ALMOST Over.
When it reverses, the losses will make 2008 look like a PICNIC.
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