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mkreisel » Comments » APY

  • Margin Debt Down 37.6%; Is The End of Selling Near? [View article]
    The market turns long before the employment does.

    If you were waiting for better job numbers, you would have missed all the great bottoms in 1932/33, 1939, 1957, 1970, 1974, 1982, 1990, 2003.

    I vividly remember how difficult it was to get a job in June 2003, when S&P 500 had already run up from 800 to about 1000.

    I also remember how lousy job numbers undid Bush I in 1992 when S&P had gained 50% and Nasdaq had doubled from their 1990 lows.
    Jan 04 14:53 pm |Rating: +1 -1 |Link to Comment
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