all thats propping up the market is qe2, the basic reason for qe2 was for all the big boys to be able to sell into the strength provided by bernakes free money at the expense of the american people, once all the big boys have gotten out and the false strength of the stimulus fools more and more retail investors to come into the market it is going to crash hard.
Trollito, you make many good points and I like your humor also (Captain Obvious...lol). I still didn't see any price targets from our "friends", but that's ok the world is collapsing around them because they want to short this stock as it is heading towards new all-time highs! I'm still sticking with $230 by the E.O.Y.
all the free money is going to is cause dollar to collapse further, cause oil to go over 100, which is going to slow the econ growth even more, more jobs are not going to be created as most companies are effected by fuel costs one way or another, and will continue to out source, nflx is a great company but way over valued right now, that is all.
Workers that stopped looking for work or gave up altogether are the ones that are not counted. Some find ways to make money offf the books and some just give up. So that would mean a higher unemployment number in theroy but it does not neccessarily mean "unemployed". I could also sub divide the unemployment rate into race or job classification and throw bigger numbers at you to scare you more about the economy. The reality is that things are improving just not at a clip most were hoping for. But as other numbers improve ie GDP, housing ect so to will the unemployment numbers. And all that free money... is meant to move bond traders out of those safe havens and into the equity markets...
>>>no your wrong, the number Im talking about is the new jobless claims number they came out with, those who have not found work yet but can no longer claim are not counted, <<<
Wait, so your claim isn't about the UE rate? Its about the fact that those not collecting benefits aren't included in the count of those collecting benefits???
Hello, Captian Obvious!
>>>and the number of inflation is always counted x food and energy<<<
Oh, and on CPI, you are just flat out wrong. Food and energy are absolutely counted
What goods and services does the CPI cover?
The CPI represents all goods and services purchased for consumption by the reference population (U or W) BLS has classified all expenditure items into more than 200 categories, arranged into eight major groups. Major groups and examples of categories in each are as follows:
* FOOD AND BEVERAGES (breakfast cereal, milk, coffee, chicken, wine, full service meals, snacks)
* HOUSING (rent of primary residence, owners' equivalent rent, fuel oil, bedroom furniture)
* APPAREL (men's shirts and sweaters, women's dresses, jewelry)
* TRANSPORTATION (new vehicles, airline fares, gasoline, motor vehicle insurance)
* MEDICAL CARE (prescription drugs and medical supplies, physicians' services, eyeglasses and eye care, hospital services)
* RECREATION (televisions, toys, pets and pet products, sports equipment, admissions);
* EDUCATION AND COMMUNICATION (college tuition, postage, telephone services, computer software and accessories);
* OTHER GOODS AND SERVICES (tobacco and smoking products, haircuts and other personal services, funeral expenses).
I love when I get to smack idiots upside the head after they call me stupid. Sorry if my bothering to respond hurts.
butter at $4/pound
sugar at 80¢/pound
my beloved bacon at $6/pound
gas at $3/gallon
But there is no inflation because these are not part of the core numbers. Therefore, food and energy inflation does not exist. The grocery and pump prices are figments of the imagination.
It's only money...........say the Bernankes as the printing presses spin out of control.
The guy is a complete moron. He is lecturing people and he think there is no inflation based on a govt report that does not include minor things like food and energy. He will lose his a** and rightfully so.
Let's see...the Fed wants asset values higher; no inflation right now, great earnings, zero for interest rate, employment improving (albeit slow, but finally), & gridlock in congress. If you don't know that the market is heading higher then you should go back to trading bonds like your screen name indicates. By all means please believe a double-top is forming and short this beast and see where this stock is trading in 7 weeks...Remember charting works until it is painfully wrong!
If you think there is no inflation and employment is improving you are dumber than you look. EVERY commodity is flying. Already hearing from Sara Lee, Campbell's Soup, Dean Foods, etc... of margin compression due to higher costs. Oil at $87 per barrel. Employment, learn the games of the federal govt reports when it comes to employment. Every report is revised higher.
By the way, the dollar is falling like a rock, by definition that is inflation.
the market is going higher but only due to the free money thats being pumped by the fed, and right now insiders are selling into the strength, yes will go higher, they want the small retail investor to get back into the game in order to hold the bags as usual, unemployment is not improving, they do not count those whose benefits have expired with this number included would be over 14%, yes will go higher but big crash is coming after new year. mark my words.