Seeking Alpha

Market recap: Optimism over the positive jobs report helped push the Dow to another new high and...

Market recap: Optimism over the positive jobs report helped push the Dow to another new high and the S&P within 13 points of a record close. U.S. labor markets clearly are making progress, but likely not enough to convince the Fed to pull back early on its easy-money programs. Yields on 10-year Treasurys touched an 11-month intraday high as investors fled safe-haven assets.
Comments (6)
  • ebworthen
    , contributor
    Comments (2811) | Send Message
     
    Cotton candy markets, employment not even keeping pace with population growth, labor participation rate at historic lows, Food Stamp (SNAP/EBT) participation at all time highs.

     

    The economy is still in recession.

     

    "Pay no attention to the man behind the curtain pulling levers to make flames and blow smoke!"

     

    2007 all over again, but worse.
    8 Mar 2013, 04:39 PM Reply Like
  • cyrus trask
    , contributor
    Comments (171) | Send Message
     
    The diffence between today and 2007 is you could easily get a 4% CD or a 5% muni in 2007. There are no such alternative investments today. Savers are being forced to become speculators and are being herded into the stock market. And there is a line a mile long to get in.

     

    Of course it will end badly, but from much higher levels.
    8 Mar 2013, 05:10 PM Reply Like
  • ChrisWebber
    , contributor
    Comments (44) | Send Message
     
    Many US economic indicators are positive: see truck tonnage chart:
    http://seekingalpha.co...
    S&P 500 is up more than 12% since this signal: http://bit.ly/Ztl1ld from November 23
    In a choice between: being afraid of missing an opportunity as opposed to losing money, even skeptics are being forced into the market.
    9 Mar 2013, 06:05 AM Reply Like
  • ebworthen
    , contributor
    Comments (2811) | Send Message
     
    The markets are not the economy, and it isn't liquid money it is trapped for the majority.

     

    Truck tonnage = Spring inventory stuffing, not sales.

     

    Corporate profits are not a measure of economic health.
    10 Mar 2013, 03:16 PM Reply Like
  • User 353732
    , contributor
    Comments (4966) | Send Message
     
    In terms of effective purchasing power the S&P is not even close to being at a record high. To measure something in debasing dollars is to propagate money illusion.
    9 Mar 2013, 12:50 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9050) | Send Message
     
    Agree. We should sell S&P500 immediately and buy gold.
    10 Mar 2013, 12:35 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs