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07-01-2020, 11:04 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2016
Location: Northern Virginia
Posts: 7,591
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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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07-01-2020, 11:09 AM
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#2
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gone traveling
Join Date: Sep 2003
Location: DFW
Posts: 7,586
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That is refreshing, thanks for the update!
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07-01-2020, 12:30 PM
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#3
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Recycles dryer sheets
Join Date: Jun 2017
Posts: 98
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Everyone should buy more stocks!
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07-01-2020, 12:33 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: ATL --> Flyover Country
Posts: 6,649
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Quote:
Originally Posted by TheRunningMan
Everyone should buy more stocks!
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But then what will the government buy?!?
__________________
FIRE'd in 2014 @ 40 Years Old
Professional Retiree
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07-01-2020, 01:39 PM
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#5
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Recycles dryer sheets
Join Date: Jun 2017
Posts: 98
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LOL!
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07-01-2020, 01:47 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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Buy on the rumor; sell on the news.
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07-01-2020, 02:48 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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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.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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07-01-2020, 02:56 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,370
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Quote:
Originally Posted by brewer12345
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.
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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
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07-01-2020, 02:58 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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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
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07-01-2020, 04:14 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2016
Location: Northern Virginia
Posts: 7,591
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Quote:
Originally Posted by brewer12345
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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Well I can see someone got up on the wrong side of the bed. Hopefully tomorrow will be better.
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07-01-2020, 04:24 PM
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#11
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Recycles dryer sheets
Join Date: Mar 2008
Location: Bangkok
Posts: 234
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07-01-2020, 05:09 PM
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#12
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Recycles dryer sheets
Join Date: Mar 2012
Posts: 388
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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.
__________________
FIRE'd---4/27/2018 @ 54. DW--RE date 03/01/19.
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07-01-2020, 05:33 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2016
Posts: 9,521
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Thanks that is great news.
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07-01-2020, 06:10 PM
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#14
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Recycles dryer sheets
Join Date: May 2013
Posts: 78
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Quote:
Originally Posted by brewer12345
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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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.
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07-01-2020, 06:12 PM
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#15
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Recycles dryer sheets
Join Date: Jan 2006
Posts: 321
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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.
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07-01-2020, 06:33 PM
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#16
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Recycles dryer sheets
Join Date: Mar 2008
Location: Bangkok
Posts: 234
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Quote:
Originally Posted by brewer12345
All that stuff is suspect, unfortunately. The Pfizer headlines are way a long way (years) from an actual vaccine.
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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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07-01-2020, 07:01 PM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by kjpliny
More financial propaganda. Be wary.
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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.
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
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07-01-2020, 07:05 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,298
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Might have one last push for a new stock market high, then .......
__________________
TGIM
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07-01-2020, 07:15 PM
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#19
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Recycles dryer sheets
Join Date: Mar 2008
Location: Bangkok
Posts: 234
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07-01-2020, 07:18 PM
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#20
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2013
Posts: 11,078
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Quote:
Originally Posted by brewer12345
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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That would be bad news who wants to deal with reality?
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