Join Early Retirement Today
Closed Thread
 
Thread Tools Display Modes
Lots of good news today
Old 07-01-2020, 11:04 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2016
Location: Northern Virginia
Posts: 7,515
Lots of good news today

ADP reports 2.37M jobs added in June. May also revised upward very sharply.

Pfizer with positive vaccine news.

Purchasing managers index with huge jump to 52.6 vs 43.1, indicating manufacturing is expanding.
Montecfo is offline   Reply
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 07-01-2020, 11:09 AM   #2
gone traveling
 
Join Date: Sep 2003
Location: DFW
Posts: 7,586
That is refreshing, thanks for the update!
eytonxav is offline   Reply
Old 07-01-2020, 12:30 PM   #3
Recycles dryer sheets
TheRunningMan's Avatar
 
Join Date: Jun 2017
Posts: 98
Everyone should buy more stocks!
TheRunningMan is offline   Reply
Old 07-01-2020, 12:33 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
ExFlyBoy5's Avatar
 
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,649
Quote:
Originally Posted by TheRunningMan View Post
Everyone should buy more stocks!
But then what will the government buy?!?
__________________
FIRE'd in 2014 @ 40 Years Old
Professional Retiree
ExFlyBoy5 is offline   Reply
Old 07-01-2020, 01:39 PM   #5
Recycles dryer sheets
TheRunningMan's Avatar
 
Join Date: Jun 2017
Posts: 98
Quote:
Originally Posted by ExFlyBoy5 View Post
But then what will the government buy?!?
LOL!
TheRunningMan is offline   Reply
Old 07-01-2020, 01:47 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jun 2005
Posts: 10,252
Buy on the rumor; sell on the news.
LOL! is offline   Reply
Old 07-01-2020, 02:48 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2003
Posts: 18,085
All that stuff is suspect, unfortunately. The Pfizer headlines are way a long way (years) from an actual vaccine. The PMI numbers are inflated based on hope components while the hard data components are soggy. Who know what to make of the ADP numbers given dodgy data and revisions. But please, resume speculating.
__________________
"All animals are equal, but some animals are more equal than others."

- George Orwell

Ezekiel 23:20
brewer12345 is offline   Reply
Old 07-01-2020, 02:56 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,204
Quote:
Originally Posted by brewer12345 View Post
All that stuff is suspect, unfortunately. The Pfizer headlines are way a long way (years) from an actual vaccine. The PMI numbers are inflated based on hope components while the hard data components are soggy. Who know what to make of the ADP numbers given dodgy data and revisions. But please, resume speculatinggrasping at straws.
Fixed it for you.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56
pb4uski is offline   Reply
Old 07-01-2020, 02:58 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2003
Posts: 18,085
Quote:
Originally Posted by pb4uski View Post
Fixed it for you.
Hey, at least I didn't detail all the horrendous news items that came out today.
__________________
"All animals are equal, but some animals are more equal than others."

- George Orwell

Ezekiel 23:20
brewer12345 is offline   Reply
Old 07-01-2020, 04:14 PM   #10
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Aug 2016
Location: Northern Virginia
Posts: 7,515
Quote:
Originally Posted by brewer12345 View Post
All that stuff is suspect, unfortunately. The Pfizer headlines are way a long way (years) from an actual vaccine. The PMI numbers are inflated based on hope components while the hard data components are soggy. Who know what to make of the ADP numbers given dodgy data and revisions. But please, resume speculating.
Well I can see someone got up on the wrong side of the bed. Hopefully tomorrow will be better.
Montecfo is offline   Reply
Old 07-01-2020, 04:24 PM   #11
Recycles dryer sheets
samm's Avatar
 
Join Date: Mar 2008
Location: Bangkok
Posts: 234
Quote:
Originally Posted by brewer12345 View Post
All that stuff is suspect, unfortunately. The Pfizer headlines are way a long way (years) from an actual vaccine. The PMI numbers are inflated based on hope components while the hard data components are soggy. Who know what to make of the ADP numbers given dodgy data and revisions. But please, resume speculating.


+1
samm is offline   Reply
Old 07-01-2020, 05:09 PM   #12
Recycles dryer sheets
 
Join Date: Mar 2012
Posts: 388
From a market perspective, by the time we hear the news it gets priced in far faster than us mere mortals can react. Reminds me of the old Wall Street adage and from Malkiel's "Random Walk Down Wall Street" ...."Something everyone knows is not worth knowing".

Good news nonetheless.
__________________
FIRE'd---4/27/2018 @ 54. DW--RE date 03/01/19.
tdv2 is offline   Reply
Old 07-01-2020, 05:33 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
street's Avatar
 
Join Date: Nov 2016
Posts: 9,373
Thanks that is great news.
street is offline   Reply
Old 07-01-2020, 06:10 PM   #14
Recycles dryer sheets
Clover5's Avatar
 
Join Date: May 2013
Posts: 78
Quote:
Originally Posted by brewer12345 View Post
All that stuff is suspect, unfortunately. The Pfizer headlines are way a long way (years) from an actual vaccine. The PMI numbers are inflated based on hope components while the hard data components are soggy. Who know what to make of the ADP numbers given dodgy data and revisions. But please, resume speculating.


In a micro sense yes it is good news but I agree with the above. Yes some of those laid off are returning but the service industry is nearly decimated, hotels, airlines, restaurants and many small business may not return to a pre February state for many years. I suspect commercial real estate is going to be a mess of bankruptcy very soon... Good to hear some positive news but this isn’t nearly over.
Clover5 is offline   Reply
Old 07-01-2020, 06:12 PM   #15
Recycles dryer sheets
 
Join Date: Jan 2006
Posts: 317
More financial propaganda. Be wary.
__________________
To endure the unbridled micromanagement of one's time on this earth, whether paid or unpaid, is to offer up one's soul to a paradigm of increasing tyranny, exploitation and indignity.
kjpliny is offline   Reply
Old 07-01-2020, 06:33 PM   #16
Recycles dryer sheets
samm's Avatar
 
Join Date: Mar 2008
Location: Bangkok
Posts: 234
Quote:
Originally Posted by brewer12345 View Post
All that stuff is suspect, unfortunately. The Pfizer headlines are way a long way (years) from an actual vaccine.
Pfizer has spent $219 million in lobbying over last 20 years. That is how to get FDA approval and financial success. Do the drugs work? Meh, who cares.
Attached Images
File Type: jpg Cacdpture.JPG (50.8 KB, 89 views)
samm is offline   Reply
Old 07-01-2020, 07:01 PM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2003
Posts: 18,085
Quote:
Originally Posted by kjpliny View Post
More financial propaganda. Be wary.
The US reminds me about the old joke about the Soviet Union having only two TV channels:

Channel 1: propaganda.
Channel 2: KGB agent telling you to turn back to channel 1.

It amazes me that the financial media just ignores consistent daily case counts approaching 50k and increasing lockdowns.
__________________
"All animals are equal, but some animals are more equal than others."

- George Orwell

Ezekiel 23:20
brewer12345 is offline   Reply
Old 07-01-2020, 07:05 PM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jan 2018
Location: Tampa
Posts: 11,197
Might have one last push for a new stock market high, then .......
__________________
TGIM
Dtail is offline   Reply
Old 07-01-2020, 07:15 PM   #19
Recycles dryer sheets
samm's Avatar
 
Join Date: Mar 2008
Location: Bangkok
Posts: 234
Quote:
Originally Posted by brewer12345 View Post
The US reminds me about the old joke about the Soviet Union having only two TV channels:

Channel 1: propaganda.
Channel 2: KGB agent telling you to turn back to channel 1.
Hilarious.
samm is offline   Reply
Old 07-01-2020, 07:18 PM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
MRG's Avatar
 
Join Date: Apr 2013
Posts: 11,078
Quote:
Originally Posted by brewer12345 View Post
The US reminds me about the old joke about the Soviet Union having only two TV channels:

Channel 1: propaganda.
Channel 2: KGB agent telling you to turn back to channel 1.

It amazes me that the financial media just ignores consistent daily case counts approaching 50k and increasing lockdowns.
That would be bad news who wants to deal with reality?
MRG is offline   Reply
Closed Thread


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Bad news, bad news, good news.... ziggy29 Health and Early Retirement 17 04-04-2011 09:26 AM
Good News/Bad News RE: SS mickeyd FIRE and Money 38 08-05-2008 12:41 PM
Nords! - We have good news and bad news!............ Cut-Throat Life after FIRE 16 09-13-2006 01:26 PM
Good news/bad news kz Life after FIRE 16 09-06-2006 06:13 AM

» Quick Links

 
All times are GMT -6. The time now is 09:59 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.