sure don't need any earnings to screw things up.
Update ... add Domino's too!!! Wow, with all these misses, we should be up 5% tomorrow, especially if there's more bad news into the close Friday. You know, always go LONG into an uncertain and high risk weekend!
Guess that's because the Shipping & Handling is $48 bucks!
Hey, we don't need an 'economy' either, after all, haven't for 7 years, why change now!
No fear the Fed is here ... ZIRP forever!!! We don't need no stinkin earnings!!!
just opinion of the facts!
which makes perfect sense for brain dead.
The ONLY saving grace I come away with is knowing that one day that fact will indeed be know and unavoidable to the fools that never saw it.
Like I said, butt-backwards is now to trade, zero common sense is now a theme!
Remember, the market sold off on not getting a rate raise, now it rallies on not getting a rate raise. Makes sense, right?
after all, if this job number can't make it bounce NOTHING will, period.
We're not going to really fall, it's not possible.
I'm sorry to tell you that nothing can drive this market substantially down, nothing.
because 'they' spend nearly $5 trillion creating the greatest illusion of prosperity in history. Just because after essentially 7 years it has done nothing for 99% of the population is entirely meaningless. Look, there is nearly 1/3rd of the population not working, over 94 million. More people are on food stamps than live in California. In Illinois they can't pay you if you win the lottery because they're broke. We're nearly $20 trillion in debt, the government may close before year-end, the Fed is close to negative interest rates, we're in 4 active wars in the middle east, there is over $57 trillion in corporate debt for stock buy-backs and other financial engineering. Europe is a disaster, China lies about ever number they release, Japan is still in the economic toilet after nearly 30 years, and the #1 job in America ... Kart-Retrieval-Technician at Wal-Mart, which pays $0.75 more per/hour if the employee knows what the green and red buttons due on the electric Kart-Puller. An entire generation of 'savers' have seen their earnings collapse after spending a lifetime saving it. And what has happened ... the stock market is UP about TWELVE THOUSAND DOW POINTS off the low, How you tell me, that makes sense? So, expect the rally, may be not today, but by next week, this job number today will be OLD, OLD, OLD news!
It's a Buying-Opportunity, one of the better DIP-BUY DAYS, VIX falling like a 200,000 pound concrete truck, the economy is booming, and if it were not, then it doesn't matter, right? On Monday and Tuesday UVXY hit the mid $60's and today it can hardly hold mid $50's. Everything is okay, this is your chance to add, use your margin account, borrow on a credit card, take the kids' savings. Oh, almost forgot, add to anything with a p/e over 300 and double up if the company has never earned a cent too!