Much Improved Job Numbers Released Today (real estate, debt, purchase, interest)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
keep your expectations low:
Department store chain Macy's (M: 15.42, 0, 0%) reported a 90% drop in second-quarter earnings, but the results beat analysts' expectations. The retailer said it earned $7 million, or 2 cents a share, down from $73 million, or 17 cents a share from a year ago. Excluding one-time items, earnings fell to 20 cents from 29 cents a year ago, beating the 15 cents expected by analysts.
You are speaking of pretty elementary stuff here. I do not consider that manipulation of data, but media spin. If a person takes that at face value then they should NOT be in the business of valuing securities. What a press release says is irrelevant, the financial statement and MD & A tell the story. Listening to the actual conference call is important, not some press release.
If a person cannot properly read a financial statement or parse a 10Q or 10K's MD & A they should NOT be buying individual stocks. Those individuals should stick with Mutual Funds.
floridasandy, I know where you are coming from. I truly do. However, each one of us as individuals have a responsibility to know all that we can before we make economic decisions. Media spin is a well known fact. However, it can not stop one from making sound economic decisions. A little extra work is all that is required.
You are speaking of pretty elementary stuff here. I do not consider that manipulation of data, but media spin. If a person takes that at face value then they should NOT be in the business of valuing securities. What a press release says is irrelevant, the financial statement and MD & A tell the story. Listening to the actual conference call is important, not some press release.
If a person cannot properly read a financial statement or parse a 10Q or 10K's MD & A they should NOT be buying individual stocks. Those individuals should stick with Mutual Funds.
floridasandy, I know where you are coming from. I truly do. However, each one of us as individuals have a responsibility to know all that we can before we make economic decisions. Media spin is a well known fact. However, it can not stop one from making sound economic decisions. A little extra work is all that is required.
i am not sure that everyone has the same capacity to analyze information. i do feel that ultimately it is an issue of personal responsibility, which is why i was so against the wall street bailout. companies that took unhealthy risks SHOULD have failed! instead, we are going down the same path as a country where companies are again taking giant risks without actual data to back up these risks. i just hope that the american taxpayer is not on the hook yet again for MORE bad business decisions. if people want to risk losing their own money i am fine with that, but when they risk losing the taxpayers' money i am not.
Unemployment numbers increasing again now.
Look for higher numbers going into the fall and winter. Optimism is fine as long as it is based on facts and reason, but without some basis for job increases, it is just wishful thinking. The long term prosperity of this country depends on saving, investment, a better educational system, infrastructure improvements, and rebuilding of our industrial base. None of those things are happening; therefore any optimism of future economic prosperity is only a fantacy.
Unemployment numbers increasing again now.
Look for higher numbers going into the fall and winter. Optimism is fine as long as it is based on facts and reason, but without some basis for job increases, it is just wishful thinking. The long term prosperity of this country depends on saving, investment, a better educational system, infrastructure improvements, and rebuilding of our industrial base. None of those things are happening; therefore any optimism of future economic prosperity is only a fantacy.
I think the way the government claims success when it reports the numbers of Americans receiving unemployed benefits is plain nonsense. The truth is very different. Many people simply run through their benefits and fall of the government's unemployment reports. I wish the government would do a follow up on those persons but they know well that the economy would suffer from too much truth.
Unemployment numbers increasing again now.
Look for higher numbers going into the fall and winter. Optimism is fine as long as it is based on facts and reason, but without some basis for job increases, it is just wishful thinking. The long term prosperity of this country depends on saving, investment, a better educational system, infrastructure improvements, and rebuilding of our industrial base. None of those things are happening; therefore any optimism of future economic prosperity is only a fantacy.
Also, many smaller tourism-dependent communities have more seasonal fluxes in employment with summer being the peak of hiring. People are spending less money traveling and all the ancillary businesses that benefit from that. Some of these places will be hit very hard come the fall and winter.
I am sick of signing online everytime and seeing, "signs of recovery here" or "obama says recovery starting."
Is it worth making yourself sick over something that you cannot control? Here's a simple solution for you.....stop signing online, or quickly click away from the pages that you are making yourself sick over.
keep your expectations low:
Department store chain Macy's (M: 15.42, 0, 0%) reported a 90% drop in second-quarter earnings, but the results beat analysts' expectations. The retailer said it earned $7 million, or 2 cents a share, down from $73 million, or 17 cents a share from a year ago. Excluding one-time items, earnings fell to 20 cents from 29 cents a year ago, beating the 15 cents expected by analysts.
so failure equals success!!!
Like I keep telling you it's all about expectations not money. It's unfortunate so many people don't understand these simple things. It must be hard living in a world where nothing makes sense.
what is "hard" is when working americans have to bail out a bunch of dumb investors who could not stay afloat on their own........
That makes no sense at all. The investors, many of whom are hard working Americans, all got screwed. I think it's the banker's you're refering to or perhaps the auto workers. Of course, had those bankers not gotten bailed out you would have probably lost everything you have so it's unlikely you could have stayed afloat on your own either.
It's all very complicated isn't it?
In any event thats yesterdays news and living in the past is not a path to success.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
