Markets is smarter than all economists put together. Economists as a group are "the most incompetent"..they can come up with numbers with no real reasoning or any homework. 99% of the time they are not even close. A genius economist on CNBC bumped his number to 170,000 only yesterday, because ADP was better.WOW..how about doing your OWN analysis.
SO...we had 18K job growth vs consensus of take your guess 90K-170K..some pundits on CNBC were suggesting that US govt fudges numbers to look good?
YES..we have job growth of 18K, despite Japanese shocker / shutdown & Chinese slowdown. I think it is a pretty good number.It is important to be realistic in predicting job growth, we will have good Job growth from September onwards.
Markets are down, thanks to CNBC lousy focus on one data against so-called consensus.
You want to know about Job growth, Canada came in with 28,400 job growth when economists were predicting 10,000...so they were wrong by only 184% ??????
Markets are down about 1%+-...not bad considering we were UP for 8 straight days. Internals are negative by almost 4 to 1 on the downside.
Gold UP $13.50 @ $1544.10
Silver UP 8 cents @ $36.61
Oil Down $2.45
Canadian $ Down 38 tick @ 103.90
VIX UP 4.01% @ 16.59..muted reaction..good for bulls
Portfolio is ATML,GG,LULU,SOL,SVM,TZOO,UXG
Most stocks are Down
@ 12.32 following are green :
GG,SVM,BWLD,WYNN,LVS,SLW,VMW,
MPEL,SOHU,AAPL,PWRD,KGC...
BLOG does NOT give buy or sell.
Saleem
7 comments:
S
Just got bank from court
YOU provided a very good market summation
thanks
Hi C,
Thanks for your feedback.
"Irrational trading" never makes sense.
Saleem
Saleem,
Picked up some more TZOO this morning at 70s, will sell at the end of the day for these added shares. I like this market. It is heaven for swing trader. I still kept my portfolio intact unless there is any change in the direction that you advise us. So far, you have been correct most of times despite all of the analysts predicted the other ways.
Thanks.
Michael
Hi Michael,
Thanks for your feedback.
This market is going much higher.
Good luck with TZOO !!!!
Saleem
Saleem,
TZOO shows its strength this morning. My added share already 5+ $$$$. Well, I sold it at 76.1. I am happy with that. Your blog is so much help. Thanks.
Michael
Hi Michael,
Good trade in TZOO.
I try to interpret market differently than minor headlines.I dig deeper to see the "real picture".
I am glad you are ignoring NOISE from CNBC.
Saleem
Saleem,
I did not watch CNBC this morning. I read your blog last night. You had predicted that we would not meet the job number and how market would react. The job number came out and market reacted exactly like what you had predicted in your blog last night. Normally, with fully invested, I would panic, but not this morning. Hope many more people will be benefited from your blog like me. Thanks.
Michael
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