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.
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Buy the dip!
Congratulation to hold with these stats about jobless
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.