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Stocks Give Up "Good News" Gains As Grexit & Crude Fears Trump Jobs Cheers
As the jobs' "good news" sinks in and the realization that this is "bad news" for free-money-a-holics hits, US equity markets have stumbled off the exuberant knee-jerk highs and given up the jobs bounce (for now)... as they are reminded that GREXIT is a real risk and oil's price collapse has yet to play out in the real economy...
The initial bounce faded quickly but the US open ripped stocks higher to Europe's close... and then...
Oil is still higher post-payrolls with gold and silver lagging...
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Bah! It'll be fine. You'll see.
Thanks - I will get back to my Jack Daniels.
The burning question is do we short or go long on Jack Daniels?
I would normally go horizontal.
JABO (Just Another Buying Opportunity)
It's UP, It's DOWN, No, wait, it's UP again...
Pot Watchers. Any wonder the majority don't make money in the markets? ;-)
Negative Ironshield, It's the volatility that gives the most opportunity
For the seasoned professional or experienced investor (10+ years), perhaps. For everyone else, absolutely not.
I don't even have a Pot to piss in, much less watch.
It's different this time..
We may be heading into something like a deadlock or gridlock situation (its been around 4 or 5 years for a wild Friday afternoon like this)
29 US West Coast shipping ports are striking shutting down this weekend, after 7 month slowdown.
Greece bank holiday this weekend and wild bank runs.
Russia full foward in Ukraine this weekend...since its probably going that way.
EU and Euro and stox crashing today and over weekend.
Nobody has a handle on which way is up.
O-rings cracked and economic confinement leaking all over Wall Street and Energy companies.
Contagion slipping out of control.
Many conference calls and finger pointing.
..."Roger, go at throttle up,"
the jobs "number" is actually terrible for markets. it's backwards looking and even if you believe it, it shows a serious drop in the last 3 months. no way we can keep this up for the next 3 months, which are critical for stock markets (before sell in may and go away).
when you fudge data, you shoot yourself in the foot for future data unless the trend is real.
You sell now before they sell in may
sure and the Japanese can't borrow 300% of GDP or the US can't have a $100 Trillion of unfended liabilities.... Keep hoping.
We are in the Debt Vortex...where all is possible
Sell today. Hide and pray.
440,000 jobs in November When was the last time we had a month that big
1 BILLION new jobs next month!!!
Yes and thanks to Obama I'm a billion trillionaire.
Why not? They use whatever numbers they want. Who’s going to call them on it? The corporate media who profits from rigged markets? NPR, PBS? Don’t make me laugh. Our politicians? Nope, they are bought by the corporate lobbyists. Surely the agencies that rate country’s credit. Actually no credit rating agency will downgrade the US again, after S&P got fined for doing so.
The only place to get anything close to the truth is on the free internet. Sites like this are great for helping to wake people up to the reality of the situation. But the people who visit these websites are already aware. We need to spread the message to the broader audience. More and more people are canceling their cable. They are unplugging from the propaganda machine. I have noticed that these people are much more receptive to the message. Tell them about the Fed and how they ripped off the world for the last 100 years. They will listen! If they do not act appropriately and prepare by getting out of the dollar. Give them a candle with a silver coin: https://www.etsy.com/shop/ScentSavers?ref=hdr_shop_menu
They will learn how valuable silver really is compared to the devaluing dollar. Plus it gets them a head start on stacking silver.
Greece should default and kick NATO out.
See what Russia has to offer.
As long as Greek and Turkish F-16s are still "mock" dog fighting around disputed islands in the Agean Sea(there was another incident late last year) I really do not see the Greeks leaving NATO anytime soon. NATO provides the Greeks with their security blanket in any crisis with the Turks. Plus, with their dire financial situation, they get access to surplus US military equipment (tanks, helicopters, etc) for almost nothing as the US wants to maintain some balance of power between the Greeks and the Turks. The Greeks joined NATO in 1952 not because of fear of some Russian invasion, in fact, relations were cordial during the Cold War, but fear of war with Turkey.
That was blow jobs they are talking about. Long blow jobs!#
That was blow jobs they are talking about. Long blow jobs!#
That was blow jobs they are talking about. Long blow jobs!#
That was blow jobs they are talking about. Long blow jobs!#
That was blow jobs they are talking about. Long blow jobs!#
That's five. The ultra-rare quintuple post. New ZH worlds record? Let me confer with the judges.
and it skipped *53
I think db51 is a compulsive clicker or something. Got that nervous tick.
Sorry. Bad iphone
They have another kind now?
is there any other kind?
Change your posts to read "BTFD" so the algos know we are very bullish at Zero Hedge ;)
BTFD because everything is awesome!
When I see a legitimate dip, I may consider it. Maybe Dow 6000? I'll jump back in.
And in this case, the markets are right. The jobs numbers (ropy as they are) are immaterial. The Grexit is of much more interest.
We are nearly 3 weeks away from the ECB pulling the plug on the only real source of liquidity Greece has and, so far, nothing has changed. Greece have stated their position and the ECB has stated theirs. Neither are willing to budge, but something HAS to give.
Should Greece say "up yours!" and walk out, European banks will take a hit so big, it will certainly lead to carnage in Europe.
A few extra waiters and shop staff is not a cause for celebration. Without science, engineering and manufacturing jobs, too, it a cause for concern. Just like the Grexit....
burn the all the shorts and get as many fools as possible to jump on board before you pull the big plug.
Goldman Sachs frontruns the "market",because they saw the January jobs report a week before it was released..Now,their dumping their long positions on IRA accounts,after ramping the "free market"up 10%.This shit has been going on for the last 7 years,and since nobody seems to give a shit,will continue for the forseeable future..
Good news was bad news on the jobs front.
No one believes it.
As a Swede watching the US from a distance I must say that your country is about to become as absurd as the Soviet Union in the 80:s.
Everything is rigged and manipulated and I wonder if the government believe their own numbers it´s almost as funny as wathing old episodes of Monty Python with John Cleese and the guys.
as an american watching a swede watching the US from a distance, I must say that you are correct, and I am embarrassed for my country. from within, I have exactly the same impression....I'm just waiting for the "five year plans" to start emerging. unfortunately, we have a two-party system which has precluded the option of electing any intelligence to our government in quite awhile now. the politicians and the media (and many here on ZH) seem intent on spinning everything into a condemnation of the other party and to hell with any real governing of the country.
Nobody believes the numbers, its all made for TV propaganda for and by the koolaide class.
prepare for the ramp into the close...
i have forseeen it.
LOL.... as if it could be any other way....
.....Big sell into the close, pre market ramp Monday after all the problems get
"Geithnered" over the weekend.
MISSION ACCOMPLISHED!
http://www.marketwatch.com/investing/index/DJIA
Something has to give, the economics are supercritical.