Quote (excellence @ Jan 4 2019 09:13am)
https://finance.yahoo.com/m/66c7e385-bdf9-3443-b158-f12122eda761/massive-312,000-job-gain.html?.tsrc=applewfMassive 312,000 Job Gain Casts Doubt On Gloom; Dow Jones Rallies
well while the morons in charge at firms like Apple (who are 100% compromised by China’s central government) and the now lefty/(D) controlled House keep trying to crash economies and the stock market with their foolish actions and rhetoric, the US labor market keeps up its tremendous performance under President Trump B)
inb4 the usual financially and economically illiterate lefty suspects chime in
DJJ closed down -660 last night, im sure a +320 mid day rally isn't all that significant. and if you subtract the 150-180k jobs we need to just replace cyclical loss that 312k job gain isn't that impressive either.
left, right, w/e has little to do with the crash tbh. we're half way though the loaf, the butter's gone, and we need more toast. we stretched the economy out too far to pay off investors with our production and we're fluxing big time into an equilibrium. if we're lucky we'll get a temp rally, really lucky and we'll stagnate in the 22-23k range.
that wont happen tho, trump will blame the dems, dems will blame the trump, and investors will get increasingly more warry until we tumble off all the gains. likely in 200+/- daily jumps to get people even more antsy.
certain stocks sectors still look strong to me in the longrun tho. im sure some people who wen't hard on Fang+apple strategies are really fucking sad. facebook tanked and looks to tank more, possibly fall out of relevancy in terms of investment. apple's a big ass question mark. netflix looking strong still and amazon frankly can not be stopped but might not yield all that strong due to internal investment. and still u see people posting shit like "im gonna invest in amazon, look they're making new headquarters, so they must be doing good."
This post was edited by thesnipa on Jan 4 2019 09:29am