Downright fascinated (again) by this morning's financial market activity....first thing (starting at 3am) the feeds and alerts all looked about like this: "Stocks (will) open(ed) lower Thursday after a surprise jump in jobless claims, a disappointing signal on the employment front ahead of Friday's jobs report. But Cisco shares rose. The networking-gear maker beat earnings expectations and CEO John Chambers said on CNBC this morning that business spending is "way up." www.cnbc.com/id/35234593.
It seems we really can't trust the job numbers that come out as the follow-up from CNBC looked like this: "Correction: Jobless Claims Unexpectedly Rose Last Week Up 8,000 to 480,000; Survey expected Down 10,000 "..is the unemployment number 20%? Is there recovery or is Chambers really just being John with the good word?
The market moves on these"numbers" (of course)and then we find out the market responded to incorrect numbers and all I can think is "give me a break"... maybe time to take a walk... the conspiracy crowd is right after-all. My old partner Dan used to say (he was an investment partner), "of course it's corrupt, but we are making money. No excuses". Well we did for a bit and then?... was that ugly? Yup.
and next? well BofA is having a few more problems: "the Securities and Exchange Commission filed a motion Thursday seeking court approval of a proposed settlement where Bank of America will pay $150 million to settle SEC charges that the company failed to properly disclose employee bonuses and financial losses at Merrill Lynch before shareholders approved the merger of the companies in December 2008." www.cnbc.com/id/35237218
..my answer to this? Go find a friend and take a walk. If the friend is a wonderful Dog you better put him on a lease it seems... maybe embrace humanity, pick up some litter, try some graceful behavior ("may I please" instead of "gimme" at lunch).. what we do really does matter. jazzmonk.blogspot.com/2010/01/..
...and then get one of these: www.mnn.com/the-home/building-... "One part garden shed, one part eco-clubhouse and one part home office, the Archipod gives work-at-homers a chance to step out of the house ... and into the backyard.".. a place to meditate. We all need some Peace.
It seems we really can't trust the job numbers that come out as the follow-up from CNBC looked like this: "Correction: Jobless Claims Unexpectedly Rose Last Week Up 8,000 to 480,000; Survey expected Down 10,000 "..is the unemployment number 20%? Is there recovery or is Chambers really just being John with the good word?
The market moves on these"numbers" (of course)and then we find out the market responded to incorrect numbers and all I can think is "give me a break"... maybe time to take a walk... the conspiracy crowd is right after-all. My old partner Dan used to say (he was an investment partner), "of course it's corrupt, but we are making money. No excuses". Well we did for a bit and then?... was that ugly? Yup.
and next? well BofA is having a few more problems: "the Securities and Exchange Commission filed a motion Thursday seeking court approval of a proposed settlement where Bank of America will pay $150 million to settle SEC charges that the company failed to properly disclose employee bonuses and financial losses at Merrill Lynch before shareholders approved the merger of the companies in December 2008." www.cnbc.com/id/35237218
..my answer to this? Go find a friend and take a walk. If the friend is a wonderful Dog you better put him on a lease it seems... maybe embrace humanity, pick up some litter, try some graceful behavior ("may I please" instead of "gimme" at lunch).. what we do really does matter. jazzmonk.blogspot.com/2010/01/..
...and then get one of these: www.mnn.com/the-home/building-... "One part garden shed, one part eco-clubhouse and one part home office, the Archipod gives work-at-homers a chance to step out of the house ... and into the backyard.".. a place to meditate. We all need some Peace.
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