[ColdNoMore]

Originally Posted by chet2020

Whoops, "misclassification error," jobless numbers a "mistake" and likely three percentage points higher than the touted 13.3%.

The May jobs report had 'misclassification error' that made the unemployment rate look lower than it is. Here's what happened - StamfordAdvocate

Mistakes happen and I'm sure, there wasn't an agenda...in making this one.

[Bucco]

Originally Posted by billethkid

It takes a team effort to hit the bulls eye.
Those who shoots the arrows.
Those who paints a bullseye around where ever the arrows land.

The bullseye special interest group and the media report....

"SEE" the number of bulls eye hits they made.

Speaking of media reports...

I post this because it is the epitome of terrible taste for any news source. Extremes all over, but this is financial reporting, reporting on US economy

[Kenswing]

Originally Posted by Bucco

Speaking of media reports...

I post this because it is the epitome of terrible taste for any news source. Extremes all over, but this is financial reporting, reporting on US economy

Just like Drew Brees, they apologized. So it must be okay now..

Fox News apologizes for on-air graphic showing market reaction to violence against black men

[Bucco]

Originally Posted by Kenswing

Just like Drew Brees, they apologized. So it must be okay now..

Fox News apologizes for on-air graphic showing market reaction to violence against black men

Yes, they did. I just came back to add that fact.

While you see some connection between a huge corporation and one pro athlete, I don't, but that's how it goes. I truely back off in even mentioning FOX, no matter how grevious the lies, but this was so terrible and insensitive and insulting.

I applaud the apology.....I totally refute your comparison.

[Kenswing]

Originally Posted by Bucco

Yes, they did. I just came back to add that fact.

While you see some connection between a huge corporation and one pro athlete, I don't, but that's how it goes. I truely back off in even mentioning FOX, no matter how grevious the lies, but this was so terrible and insensitive and insulting.

I applaud the apology.....I totally refute your comparison.

Cool..

[Wallyworld]

There will be no vaccine!

[ColdNoMore]

Originally Posted by ColdNoMore

Irrational exuberance.

Is today just an anomaly...or are cracks starting to show in the dam?


Only time will tell.

[rustyp]

Originally Posted by ColdNoMore

Is today just an anomaly...or are cracks starting to show in the dam?


Only time will tell.

A major economist today sited the SP 500 is 30 x earnings similar to the tech bubble we lived through. Predicts SP 500 not only back to low but will touch 1600. Rationale was every major recession / depression had the same dead cat bounce we just experienced before the long painful recovery.

[GoodLife]

Originally Posted by rustyp

A major economist today sited the SP 500 is 30 x earnings similar to the tech bubble we lived through. Predicts SP 500 not only back to low but will touch 1600. Rationale was every major recession / depression had the same dead cat bounce we just experienced before the long painful recovery.

Tiny little guy named Krugman? The guy who told us the stock market would never recover after you know who was elected?

[Boomer]

There is an old thread deep in the archives of the investment forum here. I started it in the last part of 2018. The topic was Stock Buybacks and I asked for opinions.

At the time, I said that I thought the running bull market was an artificial high because corporations were buying back their own stock with money from their corporate tax breaks. Corporate spending on buybacks had exceeded a trillion dollars.

That old bull kept on running through 2019. But, to me, it just did not feel right.

Just think — if corporations would have put more of those tax break dollars to better use — building, employing, improving the business models, there now would be something solid to show for it. Money on paper can be fleeting. All that money spent on stock buybacks? — much of it gone now.

The 2019 market, and most of the 2018 market, were built like a house of cards, propped up by buybacks. Unrestrained greed is bad economics. I do not feel like we will see the market collapse. What I do see the market doing illustrates that old saying, “Paybacks are hell.”

Cassandra Boomer

[ColdNoMore]

Originally Posted by Boomer

There is an old thread deep in the archives of the investment forum here. I started it in the last part of 2018. The topic was Stock Buybacks and I asked for opinions.

At the time, I said that I thought the running bull market was an artificial high because corporations were buying back their own stock with money from their corporate tax breaks. Corporate spending on buybacks had exceeded a trillion dollars.

That old bull kept on running through 2019. But, to me, it just did not feel right.

Just think — if corporations would have put more of those tax break dollars to better use — building, employing, improving the business models, there now would be something solid to show for it. Money on paper can be fleeting. All that money spent on stock buybacks? — much of it gone now.

The 2019 market, and most of the 2018 market, were built like a house of cards, propped up by buybacks. Unrestrained greed is bad economics. I do not feel like we will see the market collapse. What I do see the market doing illustrates that old saying, “Paybacks are hell.”

Cassandra Boomer

A lot of prescience in that now closed thread.


Stock Buybacks? Opinions? (invest your time here)


.

[skyking]

New records for the S&P and NASDAQ. The Dow is next.

Dow Industrial
29,100.50 454.84 +1.59%
NASDAQ Composite
12,056.44 116.78 +0.98%
S&P 500
3,580.84 54.19 +1.54%

[Stu from NYC]

Originally Posted by skyking

New records for the S&P and NASDAQ. The Dow is next.

Dow Industrial
29,100.50 454.84 +1.59%
NASDAQ Composite
12,056.44 116.78 +0.98%
S&P 500
3,580.84 54.19 +1.54%

Well hopefully we are well on the way to recovery.

[OrangeBlossomBaby]

That's great news for people who have stocks. For the majority of the country, it is just one of those "oh, isn't that nice" pieces of information. Pass the salt.

[biker1]

Actually a majority (about 55%) own stocks either directly, or via mutual funds, or via ETFs, mostly in retirement accounts.

Originally Posted by OrangeBlossomBaby

That's great news for people who have stocks. For the majority of the country, it is just one of those "oh, isn't that nice" pieces of information. Pass the salt.