Posted by imdarkman on 6th of Aug 2010 at 04:13 pm
It's quite simple really. The unemployed take their free checks
and drop it into their trading accounts and presto, they double
their money because uncle sugar (government) has a backstop on the
market. So, good news = market goes up. Bad news = market goes up.
It's all good all the time. If you thought the market was a buy
yesterday and this morning we were down 10 points well, it's now a
screaming buy.
Congratulation to hold with these stats about jobless
Posted by bolduc on 6th of Aug 2010 at 04:00 pm
hi all,
I'm french and i don't understand this day with this statistics about jobless and how us could go up with these indicators...
Could you have a explication about this up?
Have you other indicators to explain the change????
What is the true raeson about this change again at 3 pm...
thanks to your understanding and or ideas... ,-))
Buy the dip!
Posted by imdarkman on 6th of Aug 2010 at 04:13 pm
It's quite simple really. The unemployed take their free checks and drop it into their trading accounts and presto, they double their money because uncle sugar (government) has a backstop on the market. So, good news = market goes up. Bad news = market goes up. It's all good all the time. If you thought the market was a buy yesterday and this morning we were down 10 points well, it's now a screaming buy.
I think market is governed
Posted by madaneag on 6th of Aug 2010 at 04:05 pm
I think market is governed by greed and fear...not by these stats....
in the morning there was fear....and bears were unsuccessful in capitalizing on it...so greed returned back at 3 pm:)
my answer /MANIPULATION has been
Posted by honzer on 6th of Aug 2010 at 04:04 pm
my answer /MANIPULATION has been it always IMO