coastalpirate

Expecting Another Fun-Filled Friday Jobs Report

I believe the addition of the census workers was added in June, they might come out of future numbers if they decide to subtract them out. I also heard acknowledgement that the numbers from Jan to June were over estimated and they are going to adjust in "get this" Jan 2010 .....



On Aug 06 02:19 PM User 458347 wrote:

> Would someone like to comment on how the 2010 census will affect
> the unemployment numbers? The effects where significant in the year
> 2000, as seen in the government report below (see chart 2 on second
> page):
>
> www.bls.gov/opub/mlr/2...
>
> Seems to me we are going to have some very large spikes in employment
> in the near future, temporary yes, but could artificially inflate
> trader sentiment nevertheless....

SPX: 15% Over 200 Day Moving Average for First Time in 10 Years

Is 1982 closer to our current situation (coming out of a recession?) if so the graph shows a dramatic increase in the SP500 after going into the red range.

Today's Closing Update: Friday June 19

BTW - not a racial statement but a morality/work ethic statement, substitute any immigrant nationality for Chinese above.

Today's Closing Update: Friday June 19

The beer comments are more relevant than Zero0's protectionism rant! Maybe you cut and pasted your post on the wrong article. One good rant deserves another !!!

Actutally the people who win are the ones that get education, work skills, and employment with the multi-nationals, or the ones who invest their savings properly in their stocks where they can share in the profits. Protectionism tends to balance out as countries raise tarriffs at each other creating inflation. The Chinese may have gained in one sense of Bill Clinton giving them most favorite trading nation status, but they are losing a boat load in our treasury bonds!!
As far as the government protecting their people, the people have to protect themselves. All parties, overpaid unionized workers, bad union leadership, bad corporate management, bad dealers not relaying customer needs back to the mothership all watched and did nothing as the wheels fell off the bus over the last ten years. Yet they get a huge bailout. Say the same thing about the Wall Street Banks. But our citizens of America, so concerned about free speech and their "rights" have morally degraded to the point where 70% of mortgages at one large failed bank were found to have the applicants (that is US America) lie about their income on their mortgage appication ( a legal document where you should know lying is a no no). Of course fat, drunk and stupid, the real estate agents, lawyers who wrote the contracts, bank compliance/loan officers, federal regulators (ha!!) all either had no clue or just closed their eyes while business was good. Not my problem, I'm not paid to speak up.

Or maybe we are being too hard on the corporations and banks? If 10% of people lie on their mortage applications, are there enough competent regulators/loan officers to go through hundreds of thousands of applications and verify? Don't say they have computers to do that, they just take the numbers off the aplication where you "rounded" your income up 100,000$. But what happens at 20 or 30% of a public with no regards for right and wrong? Do we have to hire all of Canada to go through all of our businesses because so many US citizens are corrupt or foolish? If we all milk the system that is all that is left for you to live on, spoiled milk. We have to get right, stop paying top dollar to see athletes who use drugs to cheat. Stop buying records and paying $200 to go see a crack ho who can barely hang onto her clothes or take care of her children (Tell Disney to stop promoting that crap to underage girls!!). While we are in fraternity or bar getting drunk, the Chinese Students are in the lab and libraries working to better themselves. Of course they do, they didn't inherit a great country and not know how to keep/maintain it. They have to build one, and work hard for the basics in life. They don't have time for the stupidity that is American (can't say the word "culture" cause we have none Thank You.) society. If immorality is the popular culture here, what do you expect our institutions to reflect? Aliens from outer space? Yeah we're cool, yeah we are wealthier than almost any country out there, but we are going down the sewer, and I hate to sound like a prude, but it seems morality is the base of all that has gone wrong here.

Sucker's Rally Approaching an End

Rick and to the Author, What would settle the 1930's comparison for me would be some facts comparing leverage levels, Loan to Value %, avg home price to avg salary comparisons etc, I know the un-employment rate was much higher then, but was the population and the banks levered and over-extended at differing degrees? Seemed like people saved more back then. People did walk out of their houses leaving the furniture and everything they couldn't carry, but that seems the same as the foreclosures going on in CA, NV, FL etc. Did the Banks keep more than 1.5 to 3% actual assets to cover their loans like today? Need some more data !!!

Gold Economics Questionable; Facts Forecast Lower Prices

I would like to hear more about central banks and their inventories, with the world's currencies being devalued at a high rate it would make sense for central banks to sell gold to raise lots of devalued cash. A few thousand tons here and there could burst the bubble.

Buffett's S&P 500 Puts: Big Blunder?

More generic question, I know there are leaps, but I've never seen out more than 2 years. has anyone seen and option symbol for 2019? Are these private contracts?

Comparing Valuations in China and the U.S.

what is the point? is China worth investing in versus the US? P/E and percent declients by themselves don't tell me anything

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

It is not just the hourly rate, the union has also lobbied to reduce output so that more workers are required. You would think quality would go up. They push safety as the reason, but I heard at one point a metal stamping machine operator was only punching 12 sheets a day. The management wastes money true, and they have way too many brand families duplicate models with duplicate expenses lines. But paying factory workers more professional workers is not sensible. Maybe better business leaders wound up on the assembly line because of the higher pay and benefits....

Golden Arches Safer Than Uncle Sam?

wyosteven

1) Everyone is being bailed out, the American public and corporation's ability to borrow is what is being bailed out. Maybe we should save instead of spending more than we will ever earn? The American public has been over using credit cards, home equity loans, and yes voluntarily signing mortgages (forced by Wall Street Muscle?). Negative savings rate end like this.

2) Bailout for who?? Who didn't understand "variable rate" or "adjustable rate" would mean that your mortgage interest would go up. I guess we should be proud of the Trillions we spend on education. My poor Grandfather who was a factory worker had the intelligence not to over borrow and use a fixed rate mortgage. Today most people don't have any financial sense at all. Buy big screen TVs, I phones and Playstations when you have no money. Brilliant.

Countering the AP's 'E*Trade Financial Earnings Preview'

You didn't mention the 500 million dollar sale of the Canadian Unit. Will that wipe out the mortgage exposure and if so, what kind of share value do you think is warranted ????

Energy and Metals Charts

You can get an idea from charts when a bubble is being created, like oil running up in the midst of a global slowdown and credit crisis, the chart looks like everyone is pouring money in because it is the only thing left going up. Also where is the commentary today? Oil goes down 7 bucks a barrel and there are no articles all day, would someone venture if this is a pop ??????

Dow/Nasdaq Ratio Hits a 3-1/2 Year High

OK, but what is being implied? Is Nasdaq a screaming buy?, Is the Dow a sell? or do those extremes signal a bear market or the end of one?