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Posted on 10/11/2014 8:49:26 PM PDT by expat_panama
Stuart Varney said the 200 pt drop in the last hour coincided with news of the 6 ppl claiming illness at Logan airport.
I like the weekly thread with daily ping format like it is. You are doing a grand job there ex_pat. Kudos to you.
amen...... fantastic effort
We are just entering flu season. This should be a wild winter.
And with seasonal hiring, they should get the Unemployment number under 2%...
tx —really!
Another idea would be to drop the workforce below the unemployment level --he could be the first president in history to oversee a negative unemployment rate!
It was super chaotic too; we tried short sales but there were too many random days w/ huge gains that nothing was predictable. iirc the manager of the Harvard endowment was a 'buy'n'hold' guy sweating out the drop but he finally caved selling everything --right in March '09! Lost $billions.
Something interesting is how the indexes tracked exactly Obama's popularity rating...
If you did it daily, I’d like it daily. But I also understand it’s a lot of work, so if weekly fits your schedule best, that’s just fine with me!
Either way, thanks!
CA....
He has been starting a new thread weekly and then he pings daily with updates like this morning. It works really well. Here is last weeks thread
http://www.freerepublic.com/focus/f-news/3211647/posts
NP, you’re on it.
I like the weekly format. It makes it easy to look back at what’s been going on all week. Thanks for all your work!
Are things heading up now? I hope so!
Also, here is a fascinating article about wealth and a peekaboo:
http://www.telegraph.co.uk/finance/economics/11161150/Are-you-among-the-worlds-wealthiest.html
Global wealth grew by 8.3pc - its fastest rate ever - over the last year, reaching a worldwide total of $263 trillion, according to Credit Suisse’s Global Wealth Report for 2014. From average worth to millionaire growth, here are the other numbers you need to know.
Over the past 12 months, the world got $20.1 trillion richer, growing at record pace to $263 trillion. Thats the first time household wealth has surpassed the $250 trillion mark.
In 2013, global wealth increased by $21.9 trillion - the largest annual growth since 2000. Thats more than the total loss from the financial crisis in 2007 to 2008, which knocked $21.5 trillion off global wealth.
I’z confused? You mean the market hitting rock bottom, then going up, up and up, and now a little correction (if you can call it that)?
Some day's I' really dense and you have to spell it out to the very last letter.
My bad. That's the inverse of O's approval w/ stock indexes. It's controversial as to which causes which but I first saw it in IBD (can't find it now) but it gets plotted all the time. Here's 2008, 2011, and '09-'11
Thanks for the wonderful job you are doing.
oops --they were earlier! Seriously, since nobody really knows for sure what's coming up next, my favorite question is what are we going to do when which thing happens? My thinking is I'll do nothing (my favorite) until something new happens --like new highs & lows or a big leap by an amount we haven't seen in a while --something to convince me folks have changed direction & I'll buy back in w/ steady steps.
Today was a nice 'do-nothing' day...
My pleasure.
A daily ping to a weekly post is working fine. Thanks for the work you put into it.
Markets | yesterday | today | ||||
metals | gold $1227.60, silver $17.40 | Futures @ 2 hrs. before opening -1.38% | ||||
(let me know if you want on or off) | stocks | (from IBD) ...a feeble rebound Tuesday, doing nothing to alter its bearish overtones. The Nasdaq advanced 0.3% and the S&P 500 less than 0.2% in higher volume. Yet both indexes surrendered beefy morning gains | Futures: -0.16% |
--and today's econ reports may supply even excuses for more volatility:
7:00 AM MBA Mortgage Index
8:30 AM Retail Sales
8:30 AM Retail Sales ex-auto
8:30 AM PPI
8:30 AM Core PPI
8:30 AM Empire Manufacturing
10:00 AM Business Inventories
2:00 PM Fed's Beige Book
Other news:
European stocks wallow, Asia gains on oil slump European stocks wallowed Wednesday on dour growth prospects while Asian shares were mostly higher as a slump in energy prices promised benefits for the region's major economies.
Face Mask And Hazmat Stocks Are Crashing It's an ugly day for the Ebola trade. Shares... Business Insider
UK unemployment rate drops to lowest since 2008
The $11 Trillion Advantage That Shields U.S. From Turmoil Call it America's $11 trillion advantage: Consumer spending is likely to steer the U.S. The combination of more jobs, falling gasoline prices and low borrowing costs will help lift household purchases. "We've got a lot of things working in favor of the consumer right now," said Nariman Behravesh, Bloomberg
All In All, Barack Obama Has Achieved a Lot - Paul Krugman, Rolling Stone
Why Can't People Feel the Economic Recovery? - Noah Gordon, Atlantic
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