Friday, February 4, 2011

Market is smart in ignoring Jobs report...NICE !!!!

So another jobs report came and gone,economists gets paid big bucks to be "horribly wrong" month after month.....& they are known as "know it all genius"...

What market has been saying that economy "is on the mend" & jobs are a lagging indicator.....so don't get cute with "sky high numbers"..by end of 2011....jobs will be there....

Gold Down $3.80

Oil Down $1.82

Canadian $ UP 16 tick @ 101.00.Canada added 69,200 jobs vs expectations of +15,000..yes David Rosenberg is part of consensus...none of them know numbers..all guess work....

VIX Down 1.68% @ 16.41????

In my portfolio :

Added 150% more BAC @ $14.18

Portfolio is BAC,FFIV,MGM,RIMM,RVBD....

Most stocks are UP

@ 12.18 following are RED :

MGM,BAC,F,MGA,BIDU,GS,GOOG,
AKAM,MOS POT,IBN,CCJ,ISRG,X,TCK,
CNQ,SU,LEN,LVS,LDK,TSL,JKS,JASO,
STP,SOL,SOLF,SNDK,IGTE,FMCN,CSIQ,
ABX,SPWRA,FSLR,TTM,SNE,FWLT,CSTR,
PWER,AEIS.

BLOG does NOT give buy or sell.

Saleem

2 comments:

Michael said...

Saleem,

RVBD is on the run today. My triple play on RVBD has paid off handsomely. More to come? Thanks.

Michael

Stocks100 said...

Hi Michael,

Fundamental rules sooner or later.

YES...we are looking very good with our conviction.

Saleem