Stocks Surge on Job Creation ReportFri 12:21PM ET - APA mixed job creation report carried enough good news to push stocks sharply higher Friday, even as crude oil futures climbed back above $61 per barrel. The Dow Jones industrials rose 110 points.
*No wage growth. Hours worked unchanged. Drop in unemployment rate? (as more gave up) MISS on jobs created, weaker than expected. (NET BIRTH DEATH ADDED 184,000 !!!)
SO as YHOO or CNN would tell us, an economy 3 years into "recovery" is having trouble creating jobs (need 150K per month JUST to keep up with new entries) so they have to create jobs out of thin air and manipulate the data to say what they want it to say, figuring when they have to reconcile it, nobody will be watching.
70% of Americans NOW own their home (or owe on a home I should say?) and I ask, how many are left to buy? don't say 30% !! LOL
ZERO savings rate can continue indefinately.Historical levels of credit an debt and go on forever, wealth by ASSET INFLATION is just as good as the old fashioned way.
Then I guess if you agree, stay in the market and good luck.
Duratek
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment