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There must be four or five such one line "[indicator] blowing away records!" posts so far, each one of which is demonstrably wrong with about fifteen seconds of searching.
There must be four or five such one line "[indicator] blowing away records!" posts so far, each one of which is demonstrably wrong with about fifteen seconds of searching.
Kool-aid overdoses, AFAICT.
Inflation and the fact that companies are added and removed from these indexes should at least slightly discourage an individual from using this as an absolute barometer of the US economy.
I live in the middle of nowhere in Tennessee. There's very little federal presence nearby.
I went out to eat last night at a BBQ place. It's usually busy. Keep in mind it was about 35 and windy, and only about 5:30, but there was no one in the dining. Maybe five people at the bar. That's the emptiest I've ever seen it.
Why do you think your remote area is representative of the national economy?
I don't track NASDAQ, but as for the DJ and S&P....
Jan 2, 2018 24,824 2,695
Jan 25, 2019 24,737 2,665
You're comparing to beginning of January 2018. You responded to a post about the change in this current month. Granted, you make a valid point that markets have been stagnant over past 13 months but we had a big drop the last couple of months in 2018 and his point is valid that markets are climbing back.
...you make a valid point that markets have been stagnant over past 13 months but...
But nothing. The larger point which was also made (wrt C-D vs a day trader rah rah forum) ...
is that most investors are buy & hold and aren't well served by repeating the rah rah.
As regards what likely does serve the C-D sort of investors well are reminders to reflect on the WHY's.
Why have the markets been stagnant? What's different?
Quote:
You're comparing to beginning of January 2018.
Yup. To catch the full calendar year and before the tax giveaway boondoggle peak a few weeks later.
Wanna look at the numbers from that perspective instead? It makes 'stagnant' look good.
I'm seeing a record number of $10/hr jobs being promoted.
That $2 bump above minimum allows those employers to pick the best among the slack jawed,
droopy pants wearing, never held a job before and don't actually know how to do anything cohort.
Offering $15/hr really wouldn't get them a much better pool of applicants
That $2 bump above minimum allows those employers to pick the best among the slack jawed,
droopy pants wearing, never held a job before and don't actually know how to do anything cohort. Offering $15/hr really wouldn't get them a much better pool of applicants
It will attract people in their 60's, bored at home, looking for a little supplemental income. People who had jobs, come to work on time and are able to work a full shift.
When did I ever say it was? I’m merely reporting on what I see in my local area.
And in the end, they're all local areas. A slowdown in one city's general consumer spending is not likely an isolated event.
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