Jump to content
  • Welcome to AngelsWin.com

    AngelsWin.com - THE Internet Home for Angels fans! Unraveling Angels Baseball ... One Thread at a Time.

    Register today to join the most interactive online Angels community on the net!

    Once you're a member you'll see less advertisements. Become a Premium member and you won't see any ads! 

     

IGNORED

Stock Market: The Thread


Recommended Posts

I'm guessing you've been itching at the chance for a day like to today to post just such a thread to try and point out that the sky is falling?  The US economy grew at a rate of 4% last quarter and unemployment claims dropped but the negative news out of Argentina is taking center stage.  Unless you're a day trader or invest based on your emotions none of this should matter as you should be in it for the long haul.

Link to comment
Share on other sites

I'm guessing you've been itching at the chance for a day like to today to post just such a thread to try and point out that the sky is falling?  The US economy grew at a rate of 4% last quarter and unemployment claims dropped but the negative news out of Argentina is taking center stage.  Unless you're a day trader or invest based on your emotions none of this should matter as you should be in it for the long haul.

 

the market is the most fickle place in the whole entire planet. argentina defaults, the world's markets take a dive.

Link to comment
Share on other sites

That's globalization for you.  The US continues to look like the prettiest girl at the dance but quite a few other countries are struggling.  Add in the Argentina default, Russia/Ukraine issue and the fact that the US has to raise rates at some point and investors have been scared away today.  There was a large sell order in place if the dow dropped 300 points which kicked in at one point further driving it down.  

Link to comment
Share on other sites

I'm guessing you've been itching at the chance for a day like to today to post just such a thread to try and point out that the sky is falling?  The US economy grew at a rate of 4% last quarter and unemployment claims dropped but the negative news out of Argentina is taking center stage.  Unless you're a day trader or invest based on your emotions none of this should matter as you should be in it for the long haul.

 

No offense but the unemployment rate is a joke when you count the worker participation rate.

Link to comment
Share on other sites

Agreed but I specifically mentioned unemployment claims falling and not the unemployment rate. The U6 number is still ugly and perhaps you can make the case that the number of claims dropped with people not being eligible but they just reported the lowest weekly number of claims in 8 years. Things are from good but at least it's a move in the right direction.

Link to comment
Share on other sites

Agreed but I specifically mentioned unemployment claims falling and not the unemployment rate. The U6 number is still ugly and perhaps you can make the case that the number of claims dropped with people not being eligible but they just reported the lowest weekly number of claims in 8 years. Things are from good but at least it's a move in the right direction.

Unfortunately unemployment claims rose last week. Small sample size I know but this country's labor force is still not in good shape and the Fed is still purchasing bonds. I can only wonder what this economy will look like once the Fed actually tries to sell their trillions of dollars in treasuries. It won't end well for the dollar that's for sure hence the BRICS beginning to solidify deals avoiding US currency.

Link to comment
Share on other sites

No offense but the unemployment rate is a joke when you count the worker participation rate.

 

 

 

While I agree that worker participation should be counted in the unemployment figures, it's funny how conservatives didn't worry about those numbers until around 2009 or so.  Coincidence for sure.

 

And yeah, the market is fickle.  However, if that is your baseline assumption for how the economy is doing then we're certainly much better off than we were even four years ago, when it was sitting at about 10,275.

Link to comment
Share on other sites

For the week ending July 24th initial claims were at the lowest level in 8 years at a level that is considered normal economic activity. Over 200K jobs have been added for 5 straight months which hasn't happened in well over a decade. Again no one has said things are perfect or even great but most signs are headed in the right direction which is a huge improvement over a few years ago. The US has plenty of pain left but so does most of the rest of the world and the numbers from the private sector have seen big improvements.

Edit - over 200K jobs added in July for a 6th straight month which hasn't happened since 1997.

Edited by Catwhoshatinthehat
Link to comment
Share on other sites

  • 1 month later...

I tell you...it must be a a curse...I must only log on to this forum on days the stocks market takes a hit seeing as I can't recall fan_since79 posting on days when the stock market breaks a record or has a good day

 

https://www.google.com/webhp?sourceid=chrome-instant&rlz=1C1CHFX_enUS517US517&ion=1&espv=2&ie=UTF-8#q=stock%20averages%202014

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...