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Market recap: Stocks failed to hold early gains after the nonfarm payrolls report exceeded...
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Friday, November 2, 2012, 4:10 PM ETMarket recap: Stocks failed to hold early gains after the nonfarm payrolls report exceeded expectations, as investors adjusted positions ahead of next week's presidential election. The dollar rallied and commodities plunged (I, II), which weighed energy and materials shares, as the jobs data sparked QE doubts. NYSE decliners topped advancers nearly three to one.
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Yes, and will there be more to come before elections?
Today's selloff had zilch to do with QE and everything to do with typical pre-election fears. It would not be surprising to see the markets sell off no matter which candidate it thought might win, or even after someone wins. That's just the way it is sometimes, fear of the unknown, without regard to party affiliation. However, if the economic news continues to march upward, the political apprehensions and their related market effects will pass.
Follow the data, not the anxieties and speculations.
We cannot pay off al our debt, and of course BO made promises 4 years ago he could not keep, and i am sure MITT will do the same.
It;s simple math.....or a massive austerity budget..and even that won't help as our citizens would revolt..loot....steal....
Of course, I'm long. Long with high yield. That's how you made/make money in this market.
Sovereign debt never gets "paid off" and doesn't have to be. It can be a permanent part of the balance sheet. It's not a home loan with a due date. It can expand endlessly at a faster rate than economic growth to service the debt, but neither does it have to be amortized, either.
Correction above:
"can expand" should read "can't expand"
If you think China and Russia are happy with our debt i feel sorry for the money you manage..I thought you posted you had SPX??
Sorry, debt has to be paid off...we disagree on this one. But i also have high yielders..Where did you learn that we can run a deficit until eternity without any consequences..Devalue to dollar until it is worthless.???
Hope you have some precious metals...Because you are in for a big surprise. You even compared a level 4 hurricane in Florida to Sandy...Sandy was 1 thousand miles wide, You move to Florida you expect them, in NY we don't...
But the current climate changes will bring you a nice surprise soon as well...Then lets see you whine..
SPX? I am a high-yield value investor, about which I have posted many times. I don't invest in index funds, buy leveraged options or go short. I milk yileds and wait for price recovery. It has worked for many, many years throughout all types of markets, producing above-average returns.
I don't invest in gold and think it's just a histrionically-traded parlor game, which nobody can predict correctly. I'm sure you loved having some yesterday, right?
Sandy? Unfortunate. Effect on global economy, not much, or maybe even will add to activity.
Climate change? That's what your investment thesis is based upon? Good luck with that plan.
"What it has to do with Europe (and Asia) is that often large-scale events anywhere cause disproportionate reactions in markets around the world. I suppose it's always possible that market could plunge tomorrow, but it's nice to be sitting here tonight at even on the SPX futures, rather than down 30-40 points. "
you DIDN'T post this ??? Go ahead and deny it!! Explain it!!
Now as far as my gold and silver go you have no idea, nor do i care to tell you, what i invested and paid for it...But i will tell you i am way ahead and those little corrections don't bother me one bit....
But you just got busted....Others can just look up his posts and you will see what i just copied..Done with your responses, when you can't man up !!
Now go find a posting where i say i use global warming as a tool for my investments......Stating climate change will bring you a surprise has nothing to do with investing...All to do with severe weather changes..So don't go putting words in my mouth, it won't work!!
Desperately optimistic. Just got done warning a bunch of apple morons. Those morons are so blind to the truth that my post was deleted for being offensive. Have you guys looked at the comments under an apple article lately, its an absolute fever! Nothing is going to stop the major trends from happening: Deflation, energy shortage, demographics, human obsolescence, Sovereign defaults.
Don't forget inflation, maybe Hyper...Then still trying to figure a way to pay off that 16 trillion dollar debt. Some think they just close their eyes and it will go away..
Unemployment will get worse as well !!!
What an absolute crock! I just got off the phone with my sister who lives in Manasquan, NJ. There is extensive looting, gas shortages, and a simmering unrest that is ready to explode as drivers wait on gas lines for 2-3 hours. Fistfights have broken out at gas stations and shots were heard fired in the vicinity as chaos looms. Does this sound like a President in control? The only thing he is in control of is his perpetual fundraising trips as he avoids responsibility and accountability for anything. He is a narcisisstic, adolescent, petulant child who throws tantrums and pouts when he does not get his way. It is absolutely amazing to me that this election is even close at this stage. Incredible stupidity among voters.
I believe he was on vacation and did zippo..
Those 2 states usually look at the other people as like brothers and sisters. We all saw BO do absolutely NOTHING after his appearance,
Hope all will remember this on Tuesday !!!
I might add the problems have reached New Yorkers as far as 2 hours away, we have power but zippo gas right now. How on earth is that staying on top of things? I live in a town about an hour out of the city and should not be riding around all the different towns hoping to find a gas line!! Sickening,,
Glad it is Football Sunday as i will stay in and hope another 24 hrs will help alleviate the problem,,,But nothing out of BO'S mouth did anything except send home those electrical workers from Alabama who drove all the way up here ONLY to find out they needed to join NJ union prior to helping out...ARE YOU KIDDING ME!!
I thought he was going to cut through all the red tape, instead he wrapped it around those poor people..