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Lots of good news today
Old 07-01-2020, 11:04 AM   #1
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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.
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Old 07-01-2020, 11:09 AM   #2
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That is refreshing, thanks for the update!
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Old 07-01-2020, 12:30 PM   #3
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Everyone should buy more stocks!
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Old 07-01-2020, 12:33 PM   #4
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Everyone should buy more stocks!
But then what will the government buy?!?
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Old 07-01-2020, 01:39 PM   #5
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But then what will the government buy?!?
LOL!
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Old 07-01-2020, 01:47 PM   #6
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Buy on the rumor; sell on the news.
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Old 07-01-2020, 02:48 PM   #7
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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.
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Old 07-01-2020, 02:56 PM   #8
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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.
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Old 07-01-2020, 02:58 PM   #9
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Fixed it for you.
Hey, at least I didn't detail all the horrendous news items that came out today.
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Old 07-01-2020, 04:14 PM   #10
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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.
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Old 07-01-2020, 04:24 PM   #11
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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.


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Old 07-01-2020, 05:09 PM   #12
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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.
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Old 07-01-2020, 05:33 PM   #13
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Thanks that is great news.
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Old 07-01-2020, 06:10 PM   #14
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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 isnít nearly over.
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Old 07-01-2020, 06:12 PM   #15
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More financial propaganda. Be wary.
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Old 07-01-2020, 06:33 PM   #16
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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.
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Old 07-01-2020, 07:01 PM   #17
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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.
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Old 07-01-2020, 07:05 PM   #18
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Might have one last push for a new stock market high, then .......
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Old 07-01-2020, 07:15 PM   #19
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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.
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Old 07-01-2020, 07:18 PM   #20
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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?
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