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Mar. Nonfarm Payrolls: +120K vs. consensus of +201K, prior 227K. Unemployment 8.2% vs 8.3%...

Mar. Nonfarm Payrolls: +120K vs. consensus of +201K, prior 227K. Unemployment 8.2% vs 8.3% expected. Average workweek 34.5 in-line with expectations. Average hourly earnings 0.2% in-line with expectations.
Comments (77)
  • Ouch!

     

    Remember, you need about +200k jobs every month to just break even, when you have +4 mill population growth/annum.
    6 Apr 2012, 08:36 AM Reply Like
  • Not good news. How will the markets open on Monday?
    6 Apr 2012, 11:45 AM Reply Like
  • Yes, exactly.

     

    I want retail investors to SELL so I can pick up some bargains.
    6 Apr 2012, 01:05 PM Reply Like
  • Just a blip. This administration will do everything in their power (oh, I forgot - the Feds not political!) to pump up the economy #2 and, you guessed it, jobs #1. You can bet on it - I am. But woe are we in two thousand and one three.
    6 Apr 2012, 10:14 PM Reply Like
  • Employment to population ratio and participation rate slightly improved again ( NSA). Though the headline number is weak, this aspect is an improvement. The worry would be things are about to stall.
    6 Apr 2012, 08:42 AM Reply Like
  • there is a lot of bad in this report, in addition to a weak payrolls number we have:
    -drop in average hours worked, all employees
    -drop in temp help agencies employment
    -big drop in retail trade, esp dept stores
    -household survey wage and salary employment flat
    -total employment in the household survey is down 30K
    -one good sign was that manuf employment and hours were both up

     

    now, after the fact people are arguing ...seasonal effects... other data isn't so bad...

     

    but the consensus was 200K so this was a bad report and there is no getting around it.
    6 Apr 2012, 09:54 AM Reply Like
  • The reason the unemployment dropped from 8.3 to 8.2 is 194000 people dropped off the rolls, hurrah.
    6 Apr 2012, 11:41 AM Reply Like
  • Yes funny thing how you can have that bad of a report, those who stopped looking outnumbered the jobs added for a net loss, and they still BS us with dropping the over all rate to 8.2, its laughable.
    6 Apr 2012, 09:09 PM Reply Like
  • @Angel....I don't disagree the report is overall ugly. The real concern for people should be, with the 16-19yr old cohort group population declining and boomers retiring, competition for jobs should be less. Thus the remaining groups in the labor force should have an easier time finding jobs (not that they are necessarily quality or living wage level)...yet this is the 'job growth' we get?
    Now this is just one report....if we see this trend continue we are in serious trouble.
    7 Apr 2012, 08:24 AM Reply Like
  • Papa, wake up. Social Security isn't close to supporting 90% who live on it. The seniors are competing for 90% of the entry an low paying jobs to survive. The young don't have experience to get the jobs that are available. Like Gates an Ellison are saying we can't get the workers we need.

     

    We need to dump the minimum wage and let employers add low wage workers. This way seniors can supplement and the young can get experience an expand the worker base. These are not head of household jobs and we need ( no must ) to stop this nonsense influenced by unions and prima donna Dem's.
    7 Apr 2012, 08:34 AM Reply Like
  • Get rid of minimum wage?! Real wages have been falling since the 70's. Consumer spending is what is fueling the economy and you want to erode the purchasing power even more of people who are working? That would be like rasing the dividend and capital tax on people who worked for their money.....
    7 Apr 2012, 08:38 AM Reply Like
  • Rumm, agree that wages have fallen and big in the last 10 years ! But, (always a but) the 70% spending was fueled by homeowners using there homes as a piggybank and borrowed against them. Now there is no more equity in them and 25% are underwater and/or bankrupt.

     

    And, the real problem is the Fed. They have printed so much the dollar has collapsed in value and that is the plan for the foreseeable future. The plan to borrow more to help with the massive debt we already have is the only way to continue living.

     

    The US has the Gaul to tell EU and the PIIGs specifically to get a grip and use severe austerity to face reality,but, our Fed an Congress refuse to follow are own advise !

     

    Thus you'll hear 875,000 out of a million on SA beg ,prey, and scream for more QE......... And all the while the US dollar gets closer to losing it's reserve status.

     

    And, who ever doesn't see the BRICs an OPEC and most other major Countries circling the wagons must be blind ! Buena suerte !
    7 Apr 2012, 08:54 AM Reply Like
  • Yeah, no disagreement with home owners using equity (that they really didn't have because of inflated house prices) to fuel spending.

     

    I think the dollar will become worth less and less when those "printed" dollars actually make it down to the consumer level, which they have not yet.

     

    I guess I just disagreed with your statement on minimum wage. Even with it continuing to increase inflation just eats that away! It would be good to get people back to work but they should be back to work at minimum wage, which is supposed to support someone living in todays world, this is now questionable.
    7 Apr 2012, 09:03 AM Reply Like
  • Rumm, in days gone by I would agree with your minimum wage ideas. Nowadays, we need to get these kids off there butts ! CNN ran an article I posted saying the real youth unemployment number is 42%. Just like Egypt ,but, since they don't look for jobs the calculation isn't set up to show there status.

     

    I'm in the senior age group and I am fine and don't accept SS. I do not need it or take it,but, in my social group most of my friends work or on one or more programs to supplement there SS. And, still struggle big time and do without many things that would shock people if they knew !

     

    Everyone one who can work an get a job works. WMT MCD Jack in Box. Macys.. The comp for a job is fierce and the seniors compete with the young first timers for those jobs.

     

    Dropping the minimum wage might create millions of jobs that kids would jump at. They would get some money and more importantly get the job experience for the better jobs that do open up. Without that first job they won't have a shot.

     

    There is a new law banning employers from not hiring someone currently out of work ! What did that say ! No wonder there are millions who used up the 99 weeks ! Things are bad in the real world ,but, the CNBCs an Bloombergs an FOX Businesses won't really show the truth. They rely on ratings too.
    7 Apr 2012, 09:18 AM Reply Like
  • Latin,

     

    I am sure the real youth unemployment is quite high. The calculations are a bit skewed as we all know.

     

    No doubt employers look to the younger generation for those high turnover jobs.

     

    I guess coming from the other end of the age spectrum (mid 20's), from what I see is a lack of students having the desire to really go out and find work or actually put in full effort to expand their education. It's as if the desire is lost to learn anything that requires thought or could be useful to produce something meaningful in the work force.

     

    America is falling behind in the different schooling metrics that we are measured on. I think that if we really want to fix the problem we need to go to the root of the cause, which is educating youth to the point where they can make a difference. If education levels increase I think we can keep increasing the minimum wage to keep up with different educational costs. (though minimum wage isn't really enticing to create anything meaningful)
    7 Apr 2012, 09:38 AM Reply Like
  • Rummel
    "from what I see is a lack of students having the desire to really go out and find work or actually put in full effort to expand their education"

     

    Are they just too spoiled with the distractions of television, the internet, cell phones, iPods et al to be bothered with working for a living? After all Uncle Obama and his bleeding heart liberal friends will make sure all their necessities are taken care of so why try to be one of the 'rich' who have to pay taxes.

     

    P.S. Good thread between you and DaLatin
    7 Apr 2012, 11:50 AM Reply Like
  • Correct. Now don't get me wrong as I am all for government programs helping people out where needed. What I see, as I believe you see, is a dependency on these programs. These dependencies end up straining the system, and here we are.

     

    The only thing I can say about technology (smart phones, internet) is that when use correctly, they hold amazing power to spread information and knowledge. When you get an iPhone to talk to siri, that's a different story.
    7 Apr 2012, 01:00 PM Reply Like
  • Purchasing power? The purpose of the minimum wage is to force companies to pay people a livable wage for no experience, expertise, skill or education. It also drives up cost of living. You drive up cost of living all the inflation rises with it. It does nothing for people.
    7 Apr 2012, 05:13 PM Reply Like
  • So De Latin...if the Seniors now that have jobs to supplement their SS and have to still do without...how will a lower wage job improve that? They will then make even less. After SS and medicare plus fuel and food are taken out of the less than minimum wage paycheck there won't be anything less. Less than minimum wage jobs simply can't cover the cost of getting to and from the job. Many jobs are a far away and the young and old cannot afford or have the means to move to those locations. A big warning signal in this report may be the decline in temp workers. If this continues it signals businesses have reached par with the economic demand.

     

    Ultimately, the real problem is demographics and technology. Population is rising (granted slower) and technology is replacing the worker faster than a new job can be developed. We simply don't need all the people we have available for the workforce. Until this slack (population growth) is taken up not much is going to improve.
    8 Apr 2012, 07:43 AM Reply Like
  • Papa, the minimum wage WAS never a living wage ! Never. There are thousands of small business owners that have given kids a little money to do all sorts of things for 150 years ! Then, all sorts of laws and union pressures destroyed reality.

     

    If the average small business has to pay that high of a minimum wage and all the stings that go with employment it isn't possible for millions of kids to get money an job experience. And, with real inflation not in the official calculation seniors must go after those jobs as cola's are cut and truly the money to pay them isn't there.

     

    And, to the seniors credit. They are dependable and the young have other priorities !Seniors make better workers and employers know that ! They care and have a world of lifetime knowledge.

     

    The things your pointing out are outshoot's from the writings of the uni-bomber.. There was some reality in his maddness !
    8 Apr 2012, 08:08 AM Reply Like
  • "the minimum wage WAS never a living wage !"

     

    Again…if it costs more to get to the job than the job pays…it doesn't matter. I agree seniors are more dependable than most teens (and some even older). This is more a product of the present society and structure (and we could get into a big discussion over that…but I'll save everyone from my rants).

     

    As to kids getting job experience…it can be done. One of my sons is attending a college that has 94% employment rate on campus. Every student is guaranteed a job if they want it. My son has 3 jobs there, from Chemistry lab to tutor to lacrosse team manager. This is possible because the job is right there (walking/biking distance). Additionally, the school has several businesses run by the students (with faculty oversight). In giant US sprawl world this is not possible for most. Demographics, design and structure has the US backed into a corner. The US needs to completely change it's mentality and focus on local structure. Housing needs to surround businesses so workers can easily get to work (this of course would not be good for auto companies, but the backing of them over all other businesses, which leads to sprawl, which leads to other problems (too numerous to list).
    …and yes, present regulations, labor laws, taxes (especially at the state and local levels) etc. make things for the small business owner near impossible to survive, much less hire anyone.
    8 Apr 2012, 09:32 AM Reply Like
  • Minimum wage has not kept up with inflation. I don't believe it is a driver of inflation but rather a lagging product of inflation.
    8 Apr 2012, 09:33 AM Reply Like
  • papa, your son found a gem of a place. Good for him ! Luck beats all else !
    The US changes you call for would be wonderful ,but, we've spent like mad men for 7 decades and it's too late ! We are not great anymore,but, this is still capitalism and your name ain't Mau ! eh !
    8 Apr 2012, 09:37 AM Reply Like
  • Give me a break...your cost of getting to work is a bit of a stretch, we are talking about local area jobs, not commuting to the airbase from town.

     

    $4 gas will not last much longer, just like the last time, demand destruction is around the corner.
    8 Apr 2012, 05:47 PM Reply Like
  • Minimum wage at over $7 per hour is too high, and its not meant for making a living, but as part-time or unskilled labor.
    8 Apr 2012, 05:49 PM Reply Like
  • Too high? When accounted for inflation it has gone down over the last 25 years...

     

    Ask someone who makes $7 if they think they are making too much.
    8 Apr 2012, 11:06 PM Reply Like
  • Of course they will say no, ask me if I make too much...do you make too much?
    9 Apr 2012, 12:12 AM Reply Like
  • Good luck with the teacher's unions on "changing education." From their perspective, parents, concerned citizens, government stewards and businesses are both ignorant and the enemy. And, they have a ready crop of child hostages at hand when they ask for more and parents to support the cause.

     

    Last week, the City of Chicago teachers' union held a press conference demanding raises and benefit increases. This in a city where the education results are one of the worst in the nation and the city is bleeding billions so badly they announced they would be raising water rates 25% a year for five years! Chicago is an extreme union enclave so the city government does not have the personal financial interest (campaign funds) to break these situations. "Let them drink Coke!"
    9 Apr 2012, 09:10 AM Reply Like
  • In the situations I see, in both our family, co-workers and friends, it is too often the parenting. I could give a hundred examples of well-intentioned parents that are trapping these kids in codependency They are feathering the nest rather than building them into self-sufficient, responsible adults.

     

    Sometimes, pushing them out of the nest is the kindest thing a parent can do. But, then the parents would have to grow up and age as well.
    9 Apr 2012, 09:17 AM Reply Like
  • "Last week ,the city of Chi " Ahhhh the land of King Rombo !

     

    That should be fun. Even the street shootings can't be stopped ! I think LGFs should just roll cameras there and sell it !

     

    Comment by "soap box communications"
    9 Apr 2012, 09:19 AM Reply Like
  • Health care lost employees as President Obams lowers the costs to many Americans. Will the courts reverse this lower costs for health care?
    6 Apr 2012, 08:44 AM Reply Like
  • Actually, the plan has caused costs to rise. It's in the CBO report, that people already with healthcare plans will see their costs rise. The increase to the debt will also be substantial. Hence the reason the prez has already begun to scrap parts of the plan. There has been no containment of costs...inflation in this area continues to rise dramatically.
    6 Apr 2012, 08:51 AM Reply Like
  • Lets pray they strike it down and get Romney in there to fix our system. That's what he does...fixes things.
    7 Apr 2012, 05:16 PM Reply Like
  • In the week ending March 31, the seasonally adjusted initial unemployment claims was 357K, only 120K jobs were added in March. The difference is 237k and the unemployment rate drops???
    6 Apr 2012, 08:46 AM Reply Like
  • According to ZH, Joe LaVorgna's prediction was for +250,000!
    6 Apr 2012, 09:45 AM Reply Like
  • "US adds below par 120K jobs"

     

    "below par" - That's good, right?

     

    Somebody deserves a green jacket for this performance. You can bet it will be a Master and not a Muppet.
    6 Apr 2012, 09:57 AM Reply Like
  • Reason for low numbers this month? BLS erasers worn to a nub after last five months...
    6 Apr 2012, 10:00 AM Reply Like
  • how can so many talking heads (talking their book)
    be so wrong so often and still be employed?
    wtf. 120k is a pimple on the butt of rhino.
    6 Apr 2012, 11:18 AM Reply Like
  • Futures markets have crashed.
    6 Apr 2012, 11:27 AM Reply Like
  • As Americans we are great at eliminating jobs with automation. Automation reduces cost and produces a superior product. New technology will only speed up this process. Creating jobs is just a political dream to get votes. Uncle Ben can ease the pain but not solve the problem!!!! Both parties have to bear the blame for not addressing the root cause of our DEBT. Congress is not capable of controlling their spending habits. Until our leaders are held accountable, expect more of the same.
    6 Apr 2012, 12:45 PM Reply Like
  • We were involved selling the automation equipment into all industries. My rough guess is the number of employees required by mid to large size firms is off by a factor of a hundred in the last two decades. This is across all skills, from manufacturing to sales to accounting.

     

    It is an accumulation of smart machine tools, manufacturing software, logistics, spreadsheets, internet and consolidations. Add to that off-shoring and it is way beyond the ability of the Fed to manipulate or a tax policy to solve. They are only munching on the tail of the elephant.

     

    So why have government employees increased in the same span? More regulations require more chubby checkers. The school system has a 1970's model of education with teacher ratios stuck in the mid twenties, summer vacations and with additional help in each class. Where is the automation to improve productivity or engage business in curricula? Blocked by unions.

     

    The solution for government is to do what Rahm is in Chicago. We have a rental condo in Schaumburg, and like many suburbs, they buy water from the City. They were notified that water rates will be rising 25% per year for the next five years. A perfect solution if your intent is to screw the lower and middle class household in the collar suburbs.
    7 Apr 2012, 09:12 AM Reply Like
  • Must be a sampling error: Read on FT

     

    The monthly payrolls number has a sampling error of plus or minus 100,000 and is prone to later revisions. Last August, the initial payrolls estimate came in at zero, but after revisions that was increased to 85,000.

     

    Anyway, Monday will be a bloodbath in the US, dont buy as Europe is still shut until Tuesday, Tuesday, bloodbath in Europe, Wednesday, time to buy........now the money from the sidelines will pour in.....Contrarian investors are going to have a blast....
    6 Apr 2012, 01:22 PM Reply Like
  • "Last August, the initial payrolls estimate came in at zero, but after revisions that was increased to 85,000."

     

    Due to Verizon strike, had nothing to do with sampling errors.
    6 Apr 2012, 02:23 PM Reply Like
  • I went contrarian this past week! I am going to miss out.
    6 Apr 2012, 09:11 PM Reply Like
  • You guys *do* know that the 120K # is net, right? Still, though. This is bad. Not going to sell though.
    6 Apr 2012, 01:43 PM Reply Like
  • Why sell? I went into dividend stocks since january and missed a big rally in the growth stocks, but my bets are going to pay off as the year wears on.
    6 Apr 2012, 09:12 PM Reply Like
  • Here in D.C. the Watergate Exxon is selling regular gas for $5.49 a gallon. That may be part of the reason hiring slowed.
    6 Apr 2012, 02:45 PM Reply Like
  • Hoping someone read this part "The unemployment rate fell to 8.2 percent from 8.3 percent as people LEFT the labor force."
    6 Apr 2012, 04:06 PM Reply Like
  • Rummel......from a purely statistical viewpoint.....if everyone would just retire..... we'd have no unemployment. Your point and this simple fact, seem to get awfully lost on those who myopically look at a number and then draw a conclusion.
    6 Apr 2012, 04:17 PM Reply Like
  • "Based on in-depth analysis of the government's own numbers, we will present herein the true picture: 74% of the jobless who have been removed from unemployment calculations are in the 16-54 age bracket, with only 26% in the 55 and above bracket. Yes, the population is aging - but the heart of the workforce participation deception isn't about the old."

     

    http://bit.ly/GMVtsW
    6 Apr 2012, 04:19 PM Reply Like
  • JOLTS Survey showed 31K lost and Temp jobs were down. The end of 2012 is here..

     

    How many Jobs is 120,000.. Is that like 1 per city or 1/3 job per town. Does anyone have that stat..

     

    Will MCD sell 1 more coke per store.

     

    200K jobs doesn't keep up with population growth.

     

    Thank goodness healthcare added and State an Local Gov stopped cutting...

     

    So don't read the troll above.Medical costs up 15% in 2011

     

    I gave Mitt no chance as good number spinning was all over,but, Mrs Solice might be overwhelmed. 88 million out of the workforce now and the rate ticked down to 8.2%.. That was real smoke on that mirror. That # is awful smelly.
    6 Apr 2012, 04:39 PM Reply Like
  • Come hell or high water, the unemployment rate will be 7.2% by the election. How many more people have to drop out of the workforce for it to reach that range? That number is meaningless, the U6 and the participation rate are the only numbers you need to watch to know what is happening.
    6 Apr 2012, 05:25 PM Reply Like
  • If you want to make money, watch corporate revenues and profits, not the unemployment data.
    6 Apr 2012, 05:42 PM Reply Like
  • Will corporate revenues and profits (other than oil companies) improve as unemployment increases?
    7 Apr 2012, 12:29 AM Reply Like
  • Hoe....you mean it will get the "So let it be written....so let it be done" edict, right.
    6 Apr 2012, 05:32 PM Reply Like
  • Yes, I believe it will something just like that.
    6 Apr 2012, 06:36 PM Reply Like
  • Hoe, Dammmm I live in Waikiki we can handle high water..

     

    Neither can others !

     

    Happy Easter or Passover !

     

    IRISH COMPASSION

     

    A man was sitting on a blanket at the beach. He had no arms and no legs.
    Three women, from England, Wales, and Ireland, were walking past and
    felt sorry for the poor man.

     

    The English woman said, 'Have you ever had a hug?' The man said, 'No,'
    so she gave him a hug and walked on.

     

    The Welsh woman said, 'Have you ever had a kiss?' The man said, 'No,' so
    she gave him a kiss and walked on.

     

    The Irish woman came to him and said, 'ave ya ever been fooked, Laddie?'
    The man broke into a big smile and said, 'no'.

     

    She said, 'Aye - Ya will be when the tide comes in
    6 Apr 2012, 05:44 PM Reply Like
  • The numbers seemed pumped up the last few months and this is the result. I agree smoothing makes it not look so bad, but it also shows a lack of any substantial recovery. The US is looking a lot like Japan who did QE. You will never get a strong recovery leaving you sitting waiting for a new downturn that will just floor you back down to where you were before.

     

    Until the US embraces real capitalism again it won't be healthy.
    6 Apr 2012, 09:18 PM Reply Like
  • Looks like QE-3 is right back on the table, considering the horrible jobs report.
    6 Apr 2012, 11:51 PM Reply Like
  • Great idea. Market goes up, dollar goes down, oil (gasoline, diesel) rises and job market stays the same.
    7 Apr 2012, 09:27 AM Reply Like
  • Bernanke is convinced that QE creates jobs, after all: QE = "Qualitative Employment".

     

    lol
    7 Apr 2012, 12:23 PM Reply Like
  • $Aa earnings miss with this $tvix it is
    7 Apr 2012, 12:14 AM Reply Like
  • What I dont understand is why we have this anomaly between the ADP (wednesday) data (203k) and this data? Has to be a sampling error? Secondly, everyone had the weekend to digest this data so everyone would come to the conclusion QE3 and hence no flash crash Monday. Shit happens, anyway data for the whole week was lagging estimates and the DJIA, S&P, Nasdaq had their worst 1st week April, I guess.
    7 Apr 2012, 09:35 AM Reply Like
  • It continues to be amazing to me (although perhaps it shouldn't be, by now, after reading SA for a few years) that all it takes is one negative piece of data (maybe, not even entirely reliable for a single entry) for the usual gloom-and-doom commentary to cascade forth and completely dismiss months and months of strengthening statistics, across the board. It's instantly decided that "this is it," we're going to immediately reverse course and plunge headlong into a recession and market collapse, even while all the leading indicators (not lagging, like employment) and corporate data confirm expansion (just one example that just hit the wires: http://seekingalpha.co...).

     

    The continuing patent skepticism and derision that exists toward the economy and, especially, the market are the best ally they have. Steady slow rises in indices on low volumes and against relentless doubt are music to a value investor's ears. It's when all the above commentary reverts to 2007-like euphoria that one should really be hearing alarm bells in one's head. That's not now.
    7 Apr 2012, 10:04 AM Reply Like
  • Tack. Your comments are generally excellent and well thought out. But after spinning my wheels through the no-growth stagflation of the seventies, I find it hard to have the outlook you do, especially with the poor political situation coloring our economic picture. I'm hoping your analysis is correct but I'm still skeptical of what's ahead. Investing very conservatively as, at my age, I can't recover from losses easily.
    7 Apr 2012, 12:00 PM Reply Like
  • PT:

     

    I'll say the same thing about the '70's as I do about constant comparisons of the U.S. to Japan. There's vastly more different about them than similar.

     

    I, too, lived through the '70's and early '80's, and one must keep numerous differences in mind when imagining that their paths may be parallel:

     

    1) Rampant demand-led inflation in '70's due to inadequate global supply to meet rapidly increasing demand. Almost diametrically opposite to now, where world swimming in sources of supply

     

    2) Disastrous wage-and-price controls invoked by Nixon, which merely postponed inflationary forces and provided incentive to suppliers to further withhold supply, leading to early-'80's calamitous inflation

     

    3) An artificial energy crisis in 1974, with decided pass-through inflationary effects because demand was already at such elevated levels versus supplies of almost anything.

     

    4) Now, interest rates at historic lows, yet massive amounts of capital misallocated to bonds and cash. It mirrors in reverse the situation in 1982, where nobody would touch a Treasury offering 15% yield, thinking it a "poor" and "risky" investment. (Think about that for a second!) Now, we have folks standing in line to hold Treasuries with 1-2% yields and telling themselves it's "safe." (It's insanity, and will prove a painful one, too.)

     

    5) The gap between equities' earnings yields and bond yields is at all time highs, yet people saying this is a poor time to buy equities. This is exactly like #3, above, and backwards from logic. Logic isn't being used; fear is being substituted, instead. That always leads to bad decisions.

     

    Even if we have stagflation of sorts (certainly no way it becomes the '70's, due to the supply situation), then, the last place one would wish to find oneself is in cash or paltry-yielding bonds. There's probably an above-average chance that volatility will remain above normal, but that isn't going to change the ultimate outcome of what investments perform over time. Bond interest rates will gradually rise, either because of economic recovery, increased inflation, or both, and none of that will be salutary for bonds. Equities will be able to better adjust to either environment and will handily outperform bonds under any but the most depression-like deflationary scenarios, and we have a fed that is not going to allow the money supply to contract, a la '30s.

     

    That's my view on matters. Digest and decide if it can benefit your outlook.

     

    Good luck.
    7 Apr 2012, 12:22 PM Reply Like
  • Does no one remember odd-even days when gas was allocated?
    8 Apr 2012, 06:24 PM Reply Like
  • How can you remember the seventies and not mention Cater and stagflation? After all, Jimmy Carter was half of the decade, bungled the Iran situation badly, which still affects us to this day, and caused the decades' rampant inflation which was repaired after his defeat by Paul Volcker. Nixon's price controls were both un-American and ineffective and a reason I voted for Cater at the time but to give JC a pass is very disingenuous and inaccurate.
    9 Apr 2012, 08:50 AM Reply Like
  • Got:

     

    Don't know if you're replying to me, but, if so, the reason Carter wasn't mentioned wasn't an intentional or in any manner a political statement (of which there is far too much on SA). I was addressing economic issues, not political stances. Nixon's mention by name was incidental, and I could have just as well mentioned the ruinous policy without including his name, although he's infamously attached to it. That Carter was a leadership invalid cannot be contested.
    9 Apr 2012, 11:03 AM Reply Like
  • Tack,

     

    Fair enough. But every time I see that knucklehead I want to scream, "Shut up and go away." Even the PBS Presidential series explored Carter and was brutal on the man.
    9 Apr 2012, 06:45 PM Reply Like
  • If Ben does QE4 then say hello to $6 gas in June.
    7 Apr 2012, 01:52 PM Reply Like
  • 3-5% correction expected.....instead of May, better to sell and go away now....damn all that profit from Jan-March 12% slowly getting eroded...
    10 Apr 2012, 03:34 AM Reply Like
  • already in the red, because i went with small low volatile dividend stocks, but no where near low enough to sell...my dividends are triple what i lost so far.
    10 Apr 2012, 12:32 PM Reply Like
  • mad,
    Just wait a bit more, it's likely just getting started now.
    10 Apr 2012, 01:06 PM Reply Like
  • Thats ok, to sell now would be suicidal, and the stocks will come back next year. Get paid to wait.

     

    Besides that, losses only increases my tax refund by a bit.
    10 Apr 2012, 05:13 PM Reply Like
  • mad,
    OK, no problem. That's one strategy that can work over very very long time periods. We just prefer buy low and sell high and wait on the sidelines and/or in safer investments, until we can get those cheap buy opportunities. But that also is just another strategy. As always, remains to be seen how the market actually plays out. No certainty in any market calls for anyone.
    10 Apr 2012, 05:26 PM Reply Like
  • I know, I decided earlier in the year, that I knew this was a fake rally, as nothing was solved last year, so I got into companies I thought were of good value, and could move up over time, not just pick stocks with a stop limit order hoping to get a 3% bump here and there...didn't work out last year...so down couple hundred, but 1700 in divs estimated, and that is without reinvestment...so looking at $2000 + - in dividends.
    10 Apr 2012, 06:18 PM Reply Like
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