Posted by jackbnimble on 5th of May 2023 at 11:40 am
Weird report. The topline figure beats by 70k, but they revised
the last two month's report DOWN by 150k. Worth watching for
another revision next month. Also, wages are up .5% MoM - bad for
wage-driven inflation. If CPI comes high on the 10th, we might just
see another 25bp hike.
Posted by DigiNomad on 5th of May 2023 at 09:53 am
Cramer's response - ' well, the fed got what they wanted'.
What?!? How about an apology you blowhard? Yesterday he couldn't
stop pressing that stupid they know nothing button. Now all he can
say with regional banks up and a hot employment number is well,
they got what they wanted. I basically idolized the dude in
college, but he's completely lost it.
Posted by DigiNomad on 5th of May 2023 at 12:48 pm
Brophy - I wish there were better alternatives. Fox Business is
mostly cringeworthy and Google TV doesn't carry Bloomberg (life as
a nomad doesn't give me many options other than Google TV). I need
something on during the day to stay current. Back when I
idolized him, Cramer was very helpful. He taught me ways of
thinking about markets that they don't teach in business school. He
also used to be a valuation guru. He rarely mentions valuations
now, he just talks about how great his buddy pal in charge at
___company is. He used to have a rule that you should never buy a
stock whose PE ratio is more than 2x it's projected growth.
That worked very well for me for many years...until we went to 0%
interest rates and the math didn't make sense anymore. He never
comes up with anything like that anymore, but it was a good ride
while it lasted. I guess people get old and change.
Nonfarm Payrolls (Apr) 253K vs
Posted by steve on 5th of May 2023 at 08:31 am
Nonfarm Payrolls (Apr) 253K vs 180K Est.
Weird report. The topline figure
Posted by jackbnimble on 5th of May 2023 at 11:40 am
Weird report. The topline figure beats by 70k, but they revised the last two month's report DOWN by 150k. Worth watching for another revision next month. Also, wages are up .5% MoM - bad for wage-driven inflation. If CPI comes high on the 10th, we might just see another 25bp hike.
Cramer's response - ' well,
Posted by DigiNomad on 5th of May 2023 at 09:53 am
Cramer's response - ' well, the fed got what they wanted'. What?!? How about an apology you blowhard? Yesterday he couldn't stop pressing that stupid they know nothing button. Now all he can say with regional banks up and a hot employment number is well, they got what they wanted. I basically idolized the dude in college, but he's completely lost it.
Agree...I think old age has
Posted by fredsaid on 5th of May 2023 at 11:09 am
Agree...I think old age has impacted his brain.
Why do you still listen
Posted by brophy on 5th of May 2023 at 10:06 am
Why do you still listen to that knucklehead...
Brophy - I wish there
Posted by DigiNomad on 5th of May 2023 at 12:48 pm
Brophy - I wish there were better alternatives. Fox Business is mostly cringeworthy and Google TV doesn't carry Bloomberg (life as a nomad doesn't give me many options other than Google TV). I need something on during the day to stay current. Back when I idolized him, Cramer was very helpful. He taught me ways of thinking about markets that they don't teach in business school. He also used to be a valuation guru. He rarely mentions valuations now, he just talks about how great his buddy pal in charge at ___company is. He used to have a rule that you should never buy a stock whose PE ratio is more than 2x it's projected growth. That worked very well for me for many years...until we went to 0% interest rates and the math didn't make sense anymore. He never comes up with anything like that anymore, but it was a good ride while it lasted. I guess people get old and change.
check out John Oliver show----Last
Posted by Glad on 5th of May 2023 at 12:57 pm
check out John Oliver show----Last week tonight--on HBO
he has a devastating review of Cramer