As I just pointed in my other post, you may be right about the long term, but frankly I dont know what is going to happen next week forget about next year. I mean we may see a 4000 index, but how the heck can I say for sure that it is going to happen in 1.5 years!! You see my point?
People are looking for jobs for 6 + months, yes I know some too. But the part contributing to their travails is the fact that they only want a job in their industry. They just would not accept a lower paying or a different job than they are used to.
US and whole of the west is under a socio-economic shift now- Obama has been elected president, and direction intended is a move away from plain capitalism to a more socialistic model-so people have to now get used to the lesser affleunt lifestyles. We are all under this transition.
Again, I just focus on what market shows me day to day. I am a trader not an investor. People who invested 10 years ago have now 0 (YES ZERO) in their portfolios...a massive 0 % ROI. I am more than happy if at the end of the week I have made a x number of pips. Who can really say for sure what is going to happen after x number of weeks, months, years?
My post was to that effect, a 0.4 % gain, though less than .5 % is a consistent, solid gain. It is going to have a +ve effect. And it is just a survey, so actual number may be 0.3, or .6 who knows?
People are looking for jobs for 6 + months, yes I know some too. But the part contributing to their travails is the fact that they only want a job in their industry. They just would not accept a lower paying or a different job than they are used to.
US and whole of the west is under a socio-economic shift now- Obama has been elected president, and direction intended is a move away from plain capitalism to a more socialistic model-so people have to now get used to the lesser affleunt lifestyles. We are all under this transition.
Again, I just focus on what market shows me day to day. I am a trader not an investor. People who invested 10 years ago have now 0 (YES ZERO) in their portfolios...a massive 0 % ROI. I am more than happy if at the end of the week I have made a x number of pips. Who can really say for sure what is going to happen after x number of weeks, months, years?
My post was to that effect, a 0.4 % gain, though less than .5 % is a consistent, solid gain. It is going to have a +ve effect. And it is just a survey, so actual number may be 0.3, or .6 who knows?
Disliked0.4 % is less than .5% last month that is down not up ....
also if you like reading these bs news items .. check this one out ...
http://www.bloomberg.com/apps/news?p...d=a00_1SlKgIwo
30 weeks to find a job in the US .... and that is a computer pro. Highest long term unemployment since records began in 1948 !!! and since Great depression
retail figures may well be up ... aka the love of the credit card.
Ask how many of your family and friends are using credit card / home equity debt to finance their day to day spending...Ignored
Its all in the mind.
